Velocity Private Limited
This company operates theaters, multiplexes, restaurants, bars, and canteens, and trades food and beverages.
1995 | Indore, Madhya Pradesh (India) | Active
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)
| 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 Llp
Bharat 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)
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
| 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.
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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