Velocity Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 5.00 Cr
- Company Age 30 Year, 28 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 24.44 Cr
- Satisfied Charges ₹ 35.40 Cr
- Revenue Growth 64.82%
- Profit Growth -104.35%
- Ebitda 84.60%
- Net Worth -10.01%
- Total Assets -2.71%
About Velocity
Velocity Private Limited (VPL) is a Private Limited Indian Non-Government Company incorporated in India on 03 January 1995 and has a history of 30 years. Its registered office is in Indore, Madhya Pradesh, India.
The Corporate was formerly known as Brahma International Limited. The Company is engaged in the Events And Entertainment 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 11.00 Cr and a paid-up capital of Rs 5.00 Cr.
The company currently has active open charges totaling ₹24.44 Cr. The company has closed loans amounting to ₹35.40 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bharat Bindal and Yashveer Bindal serve as directors at the Company.
Company Details
- Location
Indore, Madhya Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U51109MP1995PTC008908
- Company No.
008908
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Jan 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Gwalior
Industry
Who are the key members and board of directors at Velocity?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yashveer Bindal  | Managing Director | 01-Apr-2007 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Bharat Bindal | Whole-Time Director | 10-Jun-2004 | Current |
Financial Performance of Velocity.
Velocity Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.82% increase. The company also saw a substantial fall in profitability, with a 104.35% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.01%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velocity?
In 2022, Velocity 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)
Devki Cyber Securities LlpBharat Bindal is a mutual person
- Brahma Builders Private Limited
Bharat Bindal is a mutual person
- Jupiter Securities And Properties Pvt Ltd
Yashveer Bindal is a mutual person
Charges (Loans)
₹24.44 Cr
₹35.40 Cr
Charges Breakdown by Lending Institutions
- Others : 12.44 Cr
- Axis Bank Limited : 12.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2024 | Axis Bank Limited | ₹12.00 Cr | Open |
| 15 Jul 2023 | Others | ₹12.15 Cr | Open |
| 09 Dec 2021 | Others | ₹2.00 M | Open |
| 30 Jul 2018 | Others | ₹0.90 M | Open |
| 31 Dec 2019 | Others | ₹7.67 Cr | Satisfied |
How Many Employees Work at Velocity?
Velocity has a workforce of 3 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, 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'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.
