Veritas Finance Private Limited

Provides financial services to MSMEs in select Indian states through RBI registration.

2015 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Veritas Finance Profile

Key Indicators

  • Authorised Capital ₹ 202.00 Cr
  • Paid Up Capital ₹ 127.53 Cr
  • Company Age 9 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4,482.00 Cr
  • Satisfied Charges ₹ 1,702.55 Cr
  • Revenue Growth 53.77%
  • Profit Growth 130.32%
  • Ebitda 69.24%
  • Net Worth 13.01%
  • Total Assets 54.77%

About Veritas Finance

Veritas Finance Private Limited (VFPL) is a Private Limited Indian Non-Government Company incorporated in India on 30 April 2015 (Nine years and ten months 2 days old ). Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Financial Services 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 202.00 Cr and a paid-up capital of Rs 127.53 Cr.

The company currently has active open charges totaling ₹4,482.00 Cr. The company has closed loans amounting to ₹1,702.55 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Veritas Finance Private Limited India are Venbakkam Suchindran as CFO and Venkatesan Aruna as Company Secretary. Abhijit Sen, Arulmany Duraisamy, Sudhir Variyar, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    veritasfin.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65923TN2015PTC100328

  • Company No.

    100328

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    30 Apr 2015

  • Date of AGM

    28 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Veritas Finance?

Executive Team (3)

NameDesignationAppointment DateStatus
Arulmany Duraisamy Country flag representing In Managing Director30-Apr-2015Current
Venbakkam Suchindran CFO03-Apr-2019Current
Venkatesan Aruna Company Secretary04-Feb-2022Current

Board Members (9)

NameDesignationAppointment DateStatus
Sankarson Banerjee Country flag representing In Director 08-Apr-2024Current
Priyamvada Ramkumar Country flag representing In Nominee Director 12-Oct-2018Current
Abhijit Sen Country flag representing In Director 09-Nov-2017Current
Sudhir Variyar Country flag representing In Nominee Director 07-Jul-2023Current
Mohanraj Nair Country flag representing In Director 01-Dec-2015Current
Mathew Joseph Country flag representing In Director Current

Financial Performance of Veritas Finance.

Veritas Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 53.77% increase. The company also saw a substantial improvement in profitability, with a 130.32% increase in profit. The company's net worth Soared by an impressive increase of 13.01%.

Veritas Finance revenue growth over time
Veritas Finance 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
53.77%
Revenue from Operations
53.87%
Total Assets
54.77%
Profit or Loss
130.32%
Net Worth
13.01%
EBITDA
69.24%

What is the Ownership and Shareholding Structure of Veritas Finance?

In 2023, Veritas Finance had a promoter holding of 28.03% and a public holding of 71.97%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4,482.00 Cr

Satisfied Charges

₹1,702.55 Cr

Charges Breakdown by Lending Institutions

  • Others : 2170.00 Cr
  • State Bank Of India : 1050.00 Cr
  • Hdfc Bank Limited : 352.00 Cr
  • Indian Bank : 175.00 Cr
  • Yes Bank Limited : 160.00 Cr
  • Others : 575.00 Cr

Latest Charge Details

DateLenderAmountStatus
21 Dec 2023Others₹100.00 CrOpen
24 Nov 2023Others₹25.00 CrOpen
16 Nov 2023Indian Bank₹25.00 CrOpen
16 Nov 2023Indian Bank₹50.00 CrOpen
20 Sep 2023Yes Bank Limited₹110.00 CrOpen

How Many Employees Work at Veritas Finance?

Veritas Finance has a workforce of 5836 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.

Employee growth trends for Veritas Finance Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veritas Finance, 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 Veritas Finance'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 Veritas Finance

Recent activity within the organization

  • Director Appointment

    Sankarson Banerjee was appointed as a Director was appointed as a Director on 08 Apr 2024 & has been associated with this company since 10 months 23 days .

  • Charges

    A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100837844 was registered on 21 Dec 2023.

  • Charges

    A charge registered on 25 Sep 2020 via Charge ID 100373672 with Others was fully satisfied on 21 Dec 2023.

  • Charges

    A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100829985 was registered on 24 Nov 2023.

  • Charges

    A charge with Indian Bank amounted to Rs. 25.00 Cr with Charge ID 100813348 was registered on 16 Nov 2023.

  • Charges

    A charge with Indian Bank amounted to Rs. 50.00 Cr with Charge ID 100813354 was registered on 16 Nov 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Veritas Finance Private Limited?

    Veritas Finance Private Limited was incorporated on 30 Apr 2015.

  • What is authorized share capital and paid-up capital of Veritas Finance Private Limited?

    The authorized share capital of Veritas Finance Private Limited is ₹ 202.00 Cr and paid-up capital is ₹ 127.53 Cr.

  • Who are the current board members & directors of Veritas Finance Private Limited?

    Currently 12 directors are associated with Veritas Finance Private Limited.

    • Abhijit Sen
    • Arulmany Duraisamy
    • Sudhir Narayanankutty Variyar
    • Mohanraj Narendranathan Nair
    • Mathew Joseph
    • Sivaraman Mahadevan
    • Subramanian Suresh
    • Sankarson Banerjee
    • Priyamvada Ramkumar
    • Parin Nalin Mehta
    • Venbakkam Gokulachandran Suchindran
    • Venkatesan Aruna

  • What is the registered address of Veritas Finance Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Veritas Finance Private Limited is Skcl Central Square 1 South Wing Unit # C28 - C35, Cipet Road Thiru Vi Ka Industrial Estate Guindy, Chennai, Tamil Nadu, India, 600032.

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

    The corporate identification number (CIN) of Veritas Finance Private Limited is U65923TN2015PTC100328 and the company number is 100328 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Veritas Finance Private Limited?

    The Official website of Veritas Finance Private Limited is https://www.veritasfin.in

  • What has been the recent revenue trend for Veritas Finance Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Veritas Finance Private Limited has risen by 53.77%.

  • How many employees does Veritas Finance Private Limited currently have?

    As Per 2023 financial reports, 5836 employees are currently employed by Veritas Finance Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Veritas Finance Private Limited has experienced an upsurge of 13.01%.

  • What are the total open charges for Veritas Finance Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Veritas Finance Private Limited amount to ₹ 4,482.00 Cr.

  • When was the last Balance Sheet of Veritas Finance Private Limited filed with the ROC?

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

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