Velox Motors Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 9.75 Cr
- Company Age 7 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 62.94 Cr
- Satisfied Charges ₹ 26.58 Cr
- Revenue Growth 66.07%
- Profit Growth 8.22%
- Ebitda 28.52%
- Net Worth 1515.84%
- Total Assets 66.88%
About Velox Motors
Velox Motors Private Limited (VMPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 May 2017 (Seven years and nine months 3 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Velox Cars Private Limited. The Company is engaged in the Automotive 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 25.00 Cr and a paid-up capital of Rs 9.75 Cr.
The company currently has active open charges totaling ₹62.94 Cr. The company has closed loans amounting to ₹26.58 Cr, as per Ministry of Corporate Affairs (MCA) records.
Jitendra Awhad, Ruta Awhad, Natasha Awhad, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U50402MH2017PTC295199
- Company No.
295199
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 May 2017
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Velox Motors?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Digvijay Garje  | Director | 17-Feb-2020 | Current |
| Jitendra Awhad | Director | 29-Sep-2022 | Current |
| Ruta Awhad | Director | 10-Mar-2022 | Current |
| Natasha Awhad | Director | 03-Nov-2017 | Current |
Financial Performance of Velox Motors.
Velox Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 66.07% increase. The company also saw a slight improvement in profitability, with a 8.22% increase in profit. The company's net worth Soared by an impressive increase of 1515.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velox Motors?
In 2023, Velox Motors 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)
Indian Infra Solutions LlpJitendra Awhad, Ruta Awhad and 1 more are mutual person
- Pyna Trading Llp
Natasha Awhad is a mutual person
- Velox Beverages Llp
Natasha Awhad and Digvijay Garje are mutual person
- Jks Estates Llp
Digvijay Garje is a mutual person
- Velox Telecommunications And Marketing Llp
Digvijay Garje is a mutual person
- Hexade Enterprises Llp
Digvijay Garje is a mutual person
Charges (Loans)
₹62.94 Cr
₹26.58 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 37.45 Cr
- Others : 24.64 Cr
- Yes Bank Limited : 0.85 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2024 | Others | ₹15.00 Cr | Open |
| 02 Mar 2024 | Others | ₹1.46 M | Open |
| 11 Nov 2023 | Others | ₹9.70 M | Open |
| 18 Sep 2023 | Others | ₹6.75 Cr | Open |
| 07 Aug 2023 | Others | ₹0.50 M | Open |
How Many Employees Work at Velox Motors?
Velox Motors has a workforce of 63 employees as of Apr 04, 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 Motors, 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 Motors'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.
