Velocity Knits Private Limited
Manufacturer and exporter of knitted and crocheted fabrics and garments, established in 2005.
2005 | Chennai, Tamil Nadu (India) | Active
Velocity Knits Profile
Key Indicators
- Authorised Capital ₹ 8.10 M
- Paid Up Capital ₹ 4.45 M
- Company Age 20 Year, 1 Month
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 8.03 Cr
- Revenue Growth -68.01%
- Profit Growth -319.37%
- Ebitda -204.29%
- Net Worth -16.95%
- Total Assets -9.65%
About Velocity Knits
Velocity Knits Private Limited (VKPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 February 2005 and has a history of 20 years and one month. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Manufacturing 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 8.10 M and a paid-up capital of Rs 4.45 M.
The company has closed loans amounting to ₹8.03 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Niranjini Roopkumar and Roop Kumar serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17301TN2005PTC055509
- Company No.
055509
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
28 Feb 2005
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Manufacturing
Velocity Knits Private Limited
Explore comprehensive data for Velocity Knits Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Velocity Knits?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Niranjini Roopkumar  | Director | 28-Feb-2005 | Current |
| Roop Kumar | Director | 30-Sep-2014 | Current |
Financial Performance of Velocity Knits.
Velocity Knits Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 68.01% decrease. The company also saw a substantial fall in profitability, with a 319.37% decrease in profit. The company's net worth observed a substantial decline by a decrease of 16.95%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velocity Knits?
In 2023, Velocity Knits had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Niranjini Roopkumar and Roop Kumar are mutual person
- Trk Global Private Limited
Roop Kumar is a mutual person
- Pillayar Investments And Finance Private Limited
Roop Kumar is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹80.31 M
Charges Breakdown by Lending Institutions
- Ing Vysya Bank Limited : 8.03 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Jul 2009 | Ing Vysya Bank Limited | ₹2.71 Cr | Satisfied |
| 26 Apr 2005 | Ing Vysya Bank Limited | ₹5.32 Cr | Satisfied |
How Many Employees Work at Velocity Knits?
Velocity Knits has a workforce of 32 employees as of Apr 09, 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 Knits, 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 Knits'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.
Latest Updates, News, and FAQs on Velocity Knits
Recent activity within the organization
- Annual General Meeting
Velocity Knits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Velocity Knits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Roop Kumar was appointed as a Director was appointed as a Director on 30 Sep 2014 & has been associated with this company since 10 years 6 months .
- Charges
A charge registered on 16 Jul 2009 via Charge ID 10173649 with Ing Vysya Bank Limited was fully satisfied on 07 Jun 2011.
- Charges
A charge registered on 26 Apr 2005 via Charge ID 90288132 with Ing Vysya Bank Limited was fully satisfied on 07 Jun 2011.
- Charges
A charge with Ing Vysya Bank Limited amounted to Rs. 27.08 M with Charge ID 10173649 was registered on 16 Jul 2009.
Frequently asked questions
What is the Incorporation or founding date of Velocity Knits Private Limited?
Velocity Knits Private Limited was incorporated on 28 Feb 2005.
What is authorized share capital and paid-up capital of Velocity Knits Private Limited?
The authorized share capital of Velocity Knits Private Limited is ₹ 8.10 M and paid-up capital is ₹ 4.45 M.
Who are the current board members & directors of Velocity Knits Private Limited?
Currently 2 directors are associated with Velocity Knits Private Limited.
- Niranjini Roopkumar
- Roop Kumar
What is the registered address of Velocity Knits Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Velocity Knits Private Limited is 373 To 376 1St Cross Street Nehru Nagar 2Nd Main Road Kottivakkam, India, Chennai, Tamil Nadu, 600041.
What is the corporate identification number (CIN) and company number of Velocity Knits Private Limited?
The corporate identification number (CIN) of Velocity Knits Private Limited is U17301TN2005PTC055509 and the company number is 055509 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Velocity Knits Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Velocity Knits Private Limited has fallen by -68.01%.
How many employees does Velocity Knits Private Limited currently have?
As Per 2023 financial reports, 32 employees are currently employed by Velocity Knits Private Limited.
What change has been observed in the net worth of Velocity Knits Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Velocity Knits Private Limited has experienced an downturn of -16.95%.
When was the last Balance Sheet of Velocity Knits Private Limited filed with the ROC?
The most recent Balance Sheet for Velocity Knits Private Limited was filed with the ROC on 31 Mar 2024.
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