Veritaas Advertising Limited

Founded in 2018 and headquartered in West Bengal, India.

2018 | Kolkata, West Bengal (India) | Active
Last Updated: January 23, 2025

Veritaas Advertising Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 2.82 Cr
  • Company Age 6 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 3.17 Cr
  • Revenue Growth 131.93%
  • Profit Growth 253.77%
  • Ebitda 568.01%
  • Net Worth 94.78%
  • Total Assets 108.97%

About Veritaas Advertising

Veritaas Advertising Limited (VAL) is a registered startup operating as a Public Limited Indian Non-Government Company incorporated in India on 31 July 2018 (Six years and six months 8 days old ). Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Media And Publishing 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 4.00 Cr and a paid-up capital of Rs 2.82 Cr.

The company currently has active open charges totaling ₹3.17 Cr.

The Key Managerial Personnel (KMP) at Veritaas Advertising Limited India are Mahima Khandelwal as COMPANY SECRETARY and Sayantan Roy as Cfo. Debojyoti Banerjee, Sriyans Lunia, Mina Debnath, and Three other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U74999WB2018PLC227215

  • Company No.

    227215

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    31 Jul 2018

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Media and Publishing

Who are the key members and board of directors at Veritaas Advertising?

Executive Team (3)

Name Designation Appointment Date Status
Debojyoti Banerjee Country flag representing In Managing Director 10-Dec-2019 Current
Mahima Khandelwal Company Secretary 17-Jan-2024 Current
Sayantan Roy CFO 17-Jan-2024 Current

Board Members (5)

Name Designation Appointment Date Status
Sriyans Lunia Country flag representing In Director Current
Mina Debnath Country flag representing In Director 31-Jul-2018 Current
Sangita Debnath Country flag representing In Whole-Time Director Current
Shishir Nath Country flag representing In Director Current
Altab Kazi Country flag representing In Director Current

Financial Performance of Veritaas Advertising.

Veritaas Advertising Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 131.93% increase. The company also saw a substantial improvement in profitability, with a 253.77% increase in profit. The company's net worth Soared by an impressive increase of 94.78%.

Graph illustrating revenue growth over time
Graph showing 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
131.93%
Revenue from Operations
129.94%
Total Assets
108.97%
Profit or Loss
253.77%
Net Worth
94.78%
EBITDA
568.01%

What is the Ownership and Shareholding Structure of Veritaas Advertising?

Unlock access to Veritaas Advertising's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.17 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 2.00 Cr
  • Others : 1.17 Cr

Latest Charge Details

Date Lender Amount Status
17 May 2024 Axis Bank Limited ₹2.00 Cr Open
27 Sep 2022 Others ₹1.70 M Open
10 Jan 2022 Others ₹1.00 Cr Open

How Many Employees Work at Veritaas Advertising?

Veritaas Advertising has a workforce of 23 employees as of Apr 05, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veritaas Advertising, 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 Veritaas Advertising'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 Veritaas Advertising

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100927034 was registered on 17 May 2024.

    17 May 2024

  • Director Appointment

    Mahima Khandelwal was appointed as a Company Secretary was appointed as a Company Secretary on 17 Jan 2024 & has been associated with this company since 1 year 19 days .

    17 Jan 2024

  • Director Appointment

    Sayantan Roy was appointed as a Cfo was appointed as a Cfo on 17 Jan 2024 & has been associated with this company since 1 year 19 days .

    17 Jan 2024

  • Annual General Meeting

    Veritaas Advertising Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Veritaas Advertising Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

    A charge with Others amounted to Rs. 0.17 Cr with Charge ID 100616797 was registered on 27 Sep 2022.

    27 Sep 2022

Frequently asked questions

  • Veritaas Advertising Limited was incorporated on 31 Jul 2018.

  • The authorized share capital of Veritaas Advertising Limited is ₹ 4.00 Cr and paid-up capital is ₹ 2.82 Cr.

  • Currently 8 directors are associated with Veritaas Advertising Limited.

    • Debojyoti Banerjee
    • Sriyans Lunia
    • Mina Debnath
    • Sangita Debnath
    • Shishir Bindu Nath
    • Altab Uddin Kazi
    • Mahima Khandelwal
    • Sayantan Roy
  • As per Ministry of Corporate Affairs (Mca), the registered address of Veritaas Advertising Limited is 38/2A Gariahat South Road, Dhakuria India, Kolkata, West Bengal, 700029.

  • The corporate identification number (CIN) of Veritaas Advertising Limited is U74999WB2018PLC227215 and the company number is 227215 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Veritaas Advertising Limited is https://www.veritaasadvertising.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Veritaas Advertising Limited has risen by 131.93%.

  • As Per 2023 financial reports, 23 employees are currently employed by Veritaas Advertising Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Veritaas Advertising Limited has experienced an upsurge of 94.78%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Veritaas Advertising Limited amount to ₹ 3.17 Cr.

  • The most recent Balance Sheet for Veritaas Advertising Limited was filed with the ROC on 31 Mar 2023.

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