Velocity Private Limited

This company operates theaters, multiplexes, restaurants, bars, and canteens, and trades food and beverages.

1995 | Indore, Madhya Pradesh (India) | Active
Last Updated:

Velocity Profile

Key Indicators

  • Authorised Capital ₹ 11.00 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 30 Year, 2 Months
  • 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 and two months. 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

Events and Entertainment

Who are the key members and board of directors at Velocity?

Executive Team (1)

NameDesignationAppointment DateStatus
Yashveer Bindal Country flag representing In Managing Director01-Apr-2007Current

Board Members (1)

NameDesignationAppointment DateStatus
Bharat Bindal Country flag representing In Whole-Time Director 10-Jun-2004Current

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%.

Velocity revenue growth over time
Velocity profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
64.82%
Revenue from Operations
70.16%
Total Assets
-2.71%
Profit or Loss
-104.35%
Net Worth
-10.01%
EBITDA
84.60%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹24.44 Cr

Satisfied Charges

₹35.40 Cr

Charges Breakdown by Lending Institutions

  • Others : 12.44 Cr
  • Axis Bank Limited : 12.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Aug 2024Axis Bank Limited₹12.00 CrOpen
15 Jul 2023Others₹12.15 CrOpen
09 Dec 2021Others₹2.00 MOpen
30 Jul 2018Others₹0.90 MOpen
31 Dec 2019Others₹7.67 CrSatisfied

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.

Employee growth trends for Velocity Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 12.00 Cr registered on 28 Aug 2024 with Charge ID 100973714 was modified on 05 Nov 2024.

  • Annual General Meeting

    Velocity Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100973714 was registered on 28 Aug 2024.

  • Charges

    A charge registered on 31 Dec 2019 via Charge ID 100324341 with Others was fully satisfied on 04 May 2024.

  • Balance Sheet

    Velocity Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.

  • Charges

    A charge with Others amounted to Rs. 12.15 Cr with Charge ID 100761679 was registered on 15 Jul 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Velocity Private Limited?

    Velocity Private Limited was incorporated on 03 Jan 1995.

  • What is authorized share capital and paid-up capital of Velocity Private Limited?

    The authorized share capital of Velocity Private Limited is ₹ 11.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Who are the current board members & directors of Velocity Private Limited?

    Currently 2 directors are associated with Velocity Private Limited.

    • Bharat Bindal
    • Yashveer Bindal

  • What is the registered address of Velocity Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Velocity Private Limited is Velocity 18-Aschemeno94C, Ringroad India, Indore, Madhya Pradesh, 452010.

  • What is the corporate identification number (CIN) and company number of Velocity Private Limited?

    The corporate identification number (CIN) of Velocity Private Limited is U51109MP1995PTC008908 and the company number is 008908 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Velocity Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Velocity Private Limited has risen by 64.82%.

  • How many employees does Velocity Private Limited currently have?

    As Per 2023 financial reports, 3 employees are currently employed by Velocity Private Limited.

  • What change has been observed in the net worth of Velocity Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Velocity Private Limited has experienced an downturn of -10.01%.

  • What are the total open charges for Velocity Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Velocity Private Limited amount to ₹ 24.44 Cr.

  • When was the last Balance Sheet of Velocity Private Limited filed with the ROC?

    The most recent Balance Sheet for Velocity Private Limited was filed with the ROC on 31 Mar 2024.

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