Velox Automation Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.60 M
- Company Age 27 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 21.25 Cr
- Satisfied Charges ₹ 17.15 Cr
- Revenue Growth 38.11%
- Profit Growth 118.63%
- Ebitda 92.29%
- Net Worth 28.67%
- Total Assets 51.42%
About Velox Automation
Velox Automation Private Limited (VAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 April 1997 and has a history of 27 years and nine months. Its registered office is in Surat, Gujarat, India.
The Corporate was formerly known as Cotmac Electronices (Surat) Private Limited. The Company is engaged in the Information Technology Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.50 M and a paid-up capital of Rs 1.60 M.
The company currently has active open charges totaling ₹21.25 Cr. The company has closed loans amounting to ₹17.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
Janak Jariwala, Chetan Jariwala, Pravinchandra Jariwala, and One other member serve as directors at the Company.
Company Details
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Location
Surat, Gujarat, 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
U31909GJ1997PTC094076
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Company No.
094076
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
09 Apr 1997
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
What products or services does Velox Automation Private Limited offer?
Velox Automation Private Limited offers a wide range of products and services, including CNC Machines & Lathe Machine, CNC Machines, Router, Cables & Networking Devices, Network Switch, Network Router, Relays and Contactors, Industrial Relay, Electrical & Electronic Connectors, Terminal Block Connectors, IT, Networking & Automation Solution.
Who are the key members and board of directors at Velox Automation?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Janak Jariwala
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Whole-Time Director | 09-Apr-1997 | Current |
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Chetan Jariwala
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Director | 23-Jan-2016 | Current |
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Pravinchandra Jariwala
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Director | 28-Dec-1998 | Current |
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Shah Ashokkumar
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Director | 28-Mar-2017 | Current |
Financial Performance of Velox Automation.
Velox Automation Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 38.11% increase. The company also saw a substantial improvement in profitability, with a 118.63% increase in profit. The company's net worth Soared by an impressive increase of 28.67%.
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What is the Ownership and Shareholding Structure of Velox Automation?
In 2023, Velox Automation 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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Jariwala Trading Private LimitedJanak Jariwala, Chetan Jariwala and 1 more are mutual person
Charges (Loans)
₹212.45 M
₹171.50 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 21.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 May 2018 | Hdfc Bank Limited | ₹21.25 Cr | Open |
| 20 Nov 2009 | Bank Of Baroda | ₹5.50 Cr | Satisfied |
| 29 Aug 2009 | Others | ₹7.65 Cr | Satisfied |
| 28 Mar 2008 | 3I Infotech Trusteeship Services Limited | ₹7.00 M | Satisfied |
| 27 Nov 2006 | Icici Bank Limited | ₹5.00 M | Satisfied |
How Many Employees Work at Velox Automation?
Velox Automation has a workforce of 148 employees as of Apr 11, 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 Velox Automation, 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 Velox Automation'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.
