Velocity Automotives Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.12 M
- Company Age 14 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 49.54 Cr
- Satisfied Charges ₹ 59.74 Cr
- Revenue Growth 0.56%
- Profit Growth -14.78%
- Ebitda 6.47%
- Net Worth 10.35%
- Total Assets -7.56%
About Velocity Automotives
Velocity Automotives Private Limited (VAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 December 2010 and has a history of 14 years and two months. Its registered office is in Ambala, Haryana, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 2.12 M.
The company currently has active open charges totaling ₹49.54 Cr. The company has closed loans amounting to ₹59.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
Naresh Kumar, Ramesh Kumar, Tarsem Goel, and One other member serve as directors at the Company.
Company Details
- Location
Ambala, Haryana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U50401HR2010PTC068529
- Company No.
068529
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Dec 2010
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Who are the key members and board of directors at Velocity Automotives?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Naresh Kumar  | Director | 29-Mar-2017 | Current |
| Ramesh Kumar | Director | 29-Mar-2017 | Current |
| Tarsem Goel | Director | 12-Feb-2018 | Current |
| Aditya Goyal | Director | 02-Aug-2019 | Current |
Financial Performance of Velocity Automotives.
Velocity Automotives Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.56% increase. The company also saw a substantial fall in profitability, with a 14.78% decrease in profit. The company's net worth Soared by an impressive increase of 10.35%.
- Key Matrics
- Balance Sheet
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What is the Ownership and Shareholding Structure of Velocity Automotives?
In 2023, Velocity Automotives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹49.54 Cr
₹59.74 Cr
Charges Breakdown by Lending Institutions
- Others : 49.54 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Dec 2023 | Others | ₹9.80 M | Open |
| 21 Oct 2023 | Others | ₹4.02 Cr | Open |
| 10 Oct 2023 | Others | ₹3.02 Cr | Open |
| 10 Oct 2023 | Others | ₹9.80 M | Open |
| 07 Oct 2023 | Others | ₹1.00 Cr | Open |
How Many Employees Work at Velocity Automotives?
Velocity Automotives has a workforce of 12 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Velocity Automotives, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Velocity Automotives's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
