Velox Automation Private Limited

Founded in 1997 and headquartered in Gujarat, India.

1997 | Surat, Gujarat (India) | Active
Last Updated:

Velox Automation Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.60 M
  • Company Age 28 Year, 4 Days
  • 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 28 years. 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

  • Location

    Surat, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U31909GJ1997PTC094076

  • Company No.

    094076

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Apr 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Information Technology

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.

Company report

Velox Automation Private Limited

Explore comprehensive data for Velox Automation Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Velox Automation?

Board Members (4)

NameDesignationAppointment DateStatus
Janak Jariwala Country flag representing In Whole-Time Director 09-Apr-1997Current
Chetan Jariwala Country flag representing In Director 23-Jan-2016Current
Pravinchandra Jariwala Country flag representing In Director 28-Dec-1998Current
Shah Ashokkumar Country flag representing In Director 28-Mar-2017Current

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%.

Velox Automation revenue growth over time
Velox Automation 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
38.11%
Revenue from Operations
38.14%
Total Assets
51.42%
Profit or Loss
118.63%
Net Worth
28.67%
EBITDA
92.29%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹212.45 M

Satisfied Charges

₹171.50 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 21.25 Cr

Latest Charge Details

DateLenderAmountStatus
28 May 2018Hdfc Bank Limited₹21.25 CrOpen
20 Nov 2009Bank Of Baroda₹5.50 CrSatisfied
29 Aug 2009Others₹7.65 CrSatisfied
28 Mar 20083I Infotech Trusteeship Services Limited₹7.00 MSatisfied
27 Nov 2006Icici Bank Limited₹5.00 MSatisfied

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.

Employee growth trends for Velox Automation Private Limited

Deals i

Graph showing company valuation over time

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

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 Velox Automation

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 212.45 M registered on 28 May 2018 with Charge ID 100185234 was modified on 29 Jun 2024.

  • Annual General Meeting

    Velox Automation Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Velox Automation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

  • Charges

    A charge registered on 20 Nov 2009 via Charge ID 10188300 with Bank Of Baroda was fully satisfied on 04 Dec 2018.

  • Charges

    A charge registered on 29 Aug 2009 via Charge ID 10182682 with Others was fully satisfied on 04 Dec 2018.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 212.45 M with Charge ID 100185234 was registered on 28 May 2018.

Frequently asked questions

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

    Velox Automation Private Limited was incorporated on 09 Apr 1997.

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

    The authorized share capital of Velox Automation Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.60 M.

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

    Currently 4 directors are associated with Velox Automation Private Limited.

    • Janak Pravinchandra Jariwala
    • Chetan Pravinchandra Jariwala
    • Pravinchandra Balwantram Jariwala
    • Shah Mehul Ashokkumar

  • What is the registered address of Velox Automation Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Velox Automation Private Limited is Industrial Shed A1/612 Gidc, Sachin India, Surat, Gujarat, 394230.

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

    The corporate identification number (CIN) of Velox Automation Private Limited is U31909GJ1997PTC094076 and the company number is 094076 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Velox Automation Private Limited?

    The Official website of Velox Automation Private Limited is https://www.veloxautomation.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Velox Automation Private Limited has risen by 38.11%.

  • How many employees does Velox Automation Private Limited currently have?

    As Per 2023 financial reports, 148 employees are currently employed by Velox Automation Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Velox Automation Private Limited has experienced an upsurge of 28.67%.

  • What are the total open charges for Velox Automation Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Velox Automation Private Limited amount to ₹ 21.25 Cr.

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

    The most recent Balance Sheet for Velox Automation Private Limited was filed with the ROC on 31 Mar 2023.

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