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, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5,181.00 Cr
  • Satisfied Charges ₹ 1,867.55 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 11 months 28 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 ₹5,181.00 Cr. The company has closed loans amounting to ₹1,867.55 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Veritas Finance Private Limited India are Venkatesan Aruna as COMPANY SECRETARY and Venbakkam Suchindran as Cfo. Parin Mehta, Priyamvada Ramkumar, Sankarson Banerjee, and Four other members serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • 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
Company report

Veritas Finance Private Limited

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

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
Venkatesan Aruna Company Secretary04-Feb-2022Current
Venbakkam Suchindran CFO03-Apr-2019Current

Board Members (6)

NameDesignationAppointment DateStatus
Sankarson Banerjee Country flag representing In Director 08-Apr-2024Current
Priyamvada Ramkumar Country flag representing In Nominee Director 12-Oct-2018Current
Parin Mehta Country flag representing In Nominee Director 04-Feb-2022Current
Subramanian Suresh Country flag representing In Director Current
Mathew Joseph Country flag representing In Director Current
Sudhir Variyar Country flag representing In Nominee Director 07-Jul-2023Current

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

₹5,181.00 Cr

Satisfied Charges

₹1,867.55 Cr

Charges Breakdown by Lending Institutions

  • Others : 2641.00 Cr
  • State Bank Of India : 970.00 Cr
  • Hdfc Bank Limited : 560.00 Cr
  • Axis Bank Limited : 215.00 Cr
  • Indian Bank : 175.00 Cr
  • Others : 620.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 May 2024Others₹70.00 CrOpen
30 Apr 2024Others₹125.00 CrOpen
24 Apr 2024Others₹50.00 CrOpen
22 Apr 2024Others₹35.00 CrOpen
16 Apr 2024Axis Bank Limited₹100.00 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

  • Charges

    A charge registered on 25 Mar 2021 via Charge ID 100433505 with Others was fully satisfied on 18 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100931430 was registered on 28 May 2024.

  • Charges

    A charge with Others amounted to Rs. 125.00 Cr with Charge ID 100915269 was registered on 30 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100915260 was registered on 24 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100906958 was registered on 22 Apr 2024.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 100.00 Cr with Charge ID 100902040 was registered on 16 Apr 2024.

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 9 directors are associated with Veritas Finance Private Limited.

    • Venkatesan Aruna
    • Venbakkam Gokulachandran Suchindran
    • Parin Nalin Mehta
    • Priyamvada Ramkumar
    • Sankarson Banerjee
    • Subramanian Suresh
    • Mathew Joseph
    • Sudhir Narayanankutty Variyar
    • Arulmany Duraisamy

  • 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 And North Wing 7Th Floor Unit C28 - C35 Cipet Road Thiru Vi Industrial Estate, Guindy India, Chennai City Corporation, Tamil Nadu, 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 ₹ 5,181.00 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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