Velocity Engineers Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 0.10 M
- Company Age 20 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7.60 Cr
- Satisfied Charges ₹ 8.05 Cr
- Revenue Growth -18.79%
- Profit Growth 4.93%
- Ebitda 66.04%
- Net Worth 60.55%
- Total Assets -30.98%
About Velocity Engineers
Velocity Engineers Private Limited (VEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 August 2004 and has a history of 20 years and five months. Its registered office is in Delhi, India.
The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 0.10 M.
The company currently has active open charges totaling ₹7.60 Cr. The company has closed loans amounting to ₹8.05 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vaibhav Mittal and Sonal Mittal serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U31300DL2004PTC128371
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Company No.
128371
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
16 Aug 2004
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
What products or services does Velocity Engineers Private Limited offer?
Velocity Engineers Private Limited offers a wide range of products and services, including Surface Coating & Paint Equipment, Electroplating Machine & Spare Parts, Wire Drawing & Cabling Machines, Electric Cable Making Machine, Welding Equipments & Machinery, Welding Machine, Wire Drawing Machines, Wire Stripping Machinery, Industrial Coupling, Quick Couplings.
Who are the key members and board of directors at Velocity Engineers?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sonal Mittal
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Director | 12-Dec-2012 | Current |
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Vaibhav Mittal
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Director | 16-Aug-2004 | Current |
Financial Performance of Velocity Engineers.
Velocity Engineers Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 18.79% decrease. The company also saw a slight improvement in profitability, with a 4.93% increase in profit. The company's net worth Soared by an impressive increase of 60.55%.
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What is the Ownership and Shareholding Structure of Velocity Engineers?
In 2023, Velocity Engineers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Velocity Techmach Private LimitedVaibhav Mittal and Sonal Mittal are mutual person
Charges (Loans)
₹76.00 M
₹80.50 M
Charges Breakdown by Lending Institutions
- Others : 7.60 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jul 2024 | Others | ₹7.00 Cr | Open |
| 21 Feb 2024 | Others | ₹6.00 M | Open |
| 08 Aug 2022 | Others | ₹5.00 Cr | Satisfied |
| 24 Oct 2016 | Yes Bank Limited | ₹3.05 Cr | Satisfied |
How Many Employees Work at Velocity Engineers?
Velocity Engineers has a workforce of 6 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 Engineers, 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 Engineers'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.
