Veltech Forging Profile
Key Indicators
- Authorised Capital ₹ 8.50 Cr
- Paid Up Capital ₹ 6.00 Cr
- Company Age 30 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 10.29 Cr
- Satisfied Charges ₹ 18.12 Cr
- Revenue Growth 30.82%
- Profit Growth 43.31%
- Ebitda 3.12%
- Net Worth 5.36%
- Total Assets 11.22%
About Veltech Forging
Veltech Forging Private Limited (VFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 July 1994 and has a history of 30 years and six months. Its registered office is in Thane, Maharashtra, India.
The Corporate was formerly known as Veltech Forging Limited. The Company is engaged in the Machinery And Equipment 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 8.50 Cr and a paid-up capital of Rs 6.00 Cr.
The company currently has active open charges totaling ₹10.29 Cr. The company has closed loans amounting to ₹18.12 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Veltech Forging Private Limited India is Suresh Shiad as CFO. Shardaben Panchal, Hina Panchal, Bhavesh Panchal, and One other member serve as directors at the Company.
Company Details
- Location
Thane, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U27200MH1994PTC079501
- Company No.
079501
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Jul 1994
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
What products or services does Veltech Forging Private Limited offer?
Veltech Forging Private Limited offers a wide range of products and services, including Forgings, Forging Parts & Supplies, Forged Components.
Who are the key members and board of directors at Veltech Forging?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suresh Shiad | CFO | 07-Jan-2020 | Current |
Bhavesh Panchal  | Managing Director | 25-Sep-2014 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shardaben Panchal | Director | 16-Jul-2022 | Current |
| Hina Panchal | Director | 28-Dec-2019 | Current |
| Meet Panchal | Director | 01-Jul-2022 | Current |
Financial Performance of Veltech Forging.
Veltech Forging Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 30.82% increase. The company also saw a substantial improvement in profitability, with a 43.31% increase in profit. The company's net worth moved up by a moderate rise of 5.36%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Veltech Forging?
In 2023, Veltech Forging had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹10.29 Cr
₹18.12 Cr
Charges Breakdown by Lending Institutions
- Others : 9.87 Cr
- Hdfc Bank Limited : 0.41 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2024 | Others | ₹2.50 Cr | Open |
| 26 May 2023 | Others | ₹3.75 M | Open |
| 17 Apr 2023 | Hdfc Bank Limited | ₹4.15 M | Open |
| 31 Mar 2022 | Others | ₹3.00 Cr | Open |
| 31 Mar 2016 | Others | ₹4.00 Cr | Open |
How Many Employees Work at Veltech Forging?
Veltech Forging has a workforce of 13 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 Veltech Forging, 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 Veltech Forging'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.
