Veritas Finance Profile
Key Indicators
- Authorised Capital ₹ 202.00 Cr
- Paid Up Capital ₹ 127.53 Cr
- Company Age 9 Year, 9 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 nine months 3 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
- 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
Who are the key members and board of directors at Veritas Finance?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arulmany Duraisamy  | Managing Director | 30-Apr-2015 | Current |
| Venbakkam Suchindran | CFO | 03-Apr-2019 | Current |
| Venkatesan Aruna | Company Secretary | 04-Feb-2022 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sankarson Banerjee | Director | 08-Apr-2024 | Current |
| Priyamvada Ramkumar | Nominee Director | 12-Oct-2018 | Current |
| Abhijit Sen | Director | 09-Nov-2017 | Current |
| Sudhir Variyar | Nominee Director | 07-Jul-2023 | Current |
| Mohanraj Nair | Director | 01-Dec-2015 | Current |
| Mathew Joseph | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Vastu Finserve India Private LimitedSudhir Variyar is a mutual person
Tamilnadu Urban Infrastructure Financial Services LimitedMathew Joseph is a mutual person
Gavs Technologies Private LimitedParin Mehta is a mutual person
Kalyani Forge LimitedAbhijit Sen is a mutual person
Credila Financial Services LimitedAbhijit Sen is a mutual person
Zerodha Trustee Private LimitedSankarson Banerjee is a mutual person
Charges (Loans)
₹4,482.00 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 2023 | Others | ₹100.00 Cr | Open |
| 24 Nov 2023 | Others | ₹25.00 Cr | Open |
| 16 Nov 2023 | Indian Bank | ₹25.00 Cr | Open |
| 16 Nov 2023 | Indian Bank | ₹50.00 Cr | Open |
| 20 Sep 2023 | Yes Bank Limited | ₹110.00 Cr | Open |
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.
Deals i
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
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.
