Veritas (India) Limited

Trading and distributing chemicals, petrochemicals, polymers, paper, rubber, and metals.

1985 | Mumbai, Maharashtra (India) | Active
Last Updated:

Veritas (India) Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 2.68 Cr
  • Company Age 40 Year, 23 Days
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 147.57 Cr
  • Revenue Growth 5.50%
  • Profit Growth -4.94%
  • Ebitda 405.60%
  • Net Worth 1.92%
  • Total Assets 1.62%

About Veritas (India)

Veritas (India) Limited (VIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 March 1985 and has a history of 40 years. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 512229.

The Corporate was formerly known as Duroflex Engineering Limited. The Company is engaged in the Chemicals And Materials Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 10.00 Cr and a paid-up capital of Rs 2.68 Cr.

The company has closed loans amounting to ₹147.57 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Veritas (India) Limited India are Arun Agarwal as COMPANY SECRETARY and Rajaram Shanbhag as Cfo. Rohinton Shroff, Paresh Merchant, Arun Agarwal, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L23209MH1985PLC035702

  • Company No.

    035702

  • Stock Symbol

    BSE : 512229

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    21 Mar 1985

  • Date of AGM

    24 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Chemicals and Materials
Metals and Minerals
Company report

Veritas (India) Limited

Explore comprehensive data for Veritas (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Veritas (India)?

Executive Team (3)

NameDesignationAppointment DateStatus
Paresh Merchant Country flag representing In Managing Director28-Dec-2023Current
Arun Agarwal Country flag representing In Company Secretary23-Oct-2024Current
Rajaram Shanbhag Country flag representing In CFO30-May-2014Current

Board Members (5)

NameDesignationAppointment DateStatus
Rohinton Shroff Country flag representing In Director 23-Feb-2023Current
Arun Agarwal Country flag representing In Director and Company Secretary 30-Aug-2024Current
Vijay Shah Country flag representing In Director 14-Aug-2019Current
Virat Dantwala Director 30-Aug-2024Current
Bhagyashri Dixit Additional Director 03-Mar-2025Current

Financial Performance of Veritas (India).

Veritas (India) Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 5.5% increase. The company also saw a slight decrease in profitability, with a 4.94% decrease in profit. The company's net worth moved up by a moderate rise of 1.92%.

Veritas (India) revenue growth over time
Veritas (India) 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
5.50%
Revenue from Operations
7.63%
Total Assets
1.62%
Profit or Loss
-4.94%
Net Worth
1.92%
EBITDA
405.60%

What is the Ownership and Shareholding Structure of Veritas (India)?

In 2024, Veritas (India) had a promoter holding of 55.01% and a public holding of 45.00%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹147.57 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 130.25 Cr
  • Punjab National Bank : 17.32 Cr

Latest Charge Details

DateLenderAmountStatus
28 Jul 2010Axis Bank Limited₹130.25 CrSatisfied
19 Mar 2010Punjab National Bank₹4.23 CrSatisfied
19 Mar 2010Punjab National Bank₹4.23 CrSatisfied
22 Aug 2009Punjab National Bank₹4.43 CrSatisfied
21 Aug 2009Punjab National Bank₹4.43 CrSatisfied

How Many Employees Work at Veritas (India)?

Veritas (India) has a workforce of 19 employees as of Apr 02, 2025. 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 (India) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veritas (India), 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 (India)'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 (India)

Recent activity within the organization

  • Director Appointment

    Bhagyashri Parag Dixit was appointed as a Additional Director was appointed as a Additional Director on 03 Mar 2025 & has been associated with this company since 1 month 10 days .

  • Director Appointment

    Arun Satyanarain Agarwal was appointed as a Company Secretary was appointed as a Company Secretary on 23 Oct 2024 & has been associated with this company since 5 months 21 days .

  • Annual General Meeting

    Veritas (India) Limited last Annual general meeting of members was held on 24 Sep 2024 as per latest MCA records.

  • Director Appointment

    Arun Satyanarain Agarwal was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 7 months 14 days .

  • Director Appointment

    Virat Nitin Dantwala was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 7 months 14 days .

  • Balance Sheet

    Veritas (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

Frequently asked questions

  • What is the Incorporation or founding date of Veritas (India) Limited?

    Veritas (India) Limited was incorporated on 21 Mar 1985.

  • What is authorized share capital and paid-up capital of Veritas (India) Limited?

    The authorized share capital of Veritas (India) Limited is ₹ 10.00 Cr and paid-up capital is ₹ 2.68 Cr.

  • Who are the current board members & directors of Veritas (India) Limited?

    Currently 8 directors are associated with Veritas (India) Limited.

    • Rohinton Eruch Shroff
    • Paresh Vasantlal Merchant
    • Arun Satyanarain Agarwal
    • Vijay Haridas Shah
    • Virat Nitin Dantwala
    • Bhagyashri Parag Dixit
    • Arun Satyanarain Agarwal
    • Rajaram Satyendra Shanbhag

  • What is the registered address of Veritas (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Veritas (India) Limited is Floor-1 Plot-18 Vakil Building S S Ram Gulam Marg New Custom House, Ballard Estate. India, Mumbai, Maharashtra, 400001.

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

    The corporate identification number (CIN) of Veritas (India) Limited is L23209MH1985PLC035702 and the company number is 035702 as per Ministry of Corporate Affairs (MCA).

  • Is Veritas (India) Limited registered with any stock exchange in India?

    Yes, Veritas (India) Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Veritas (India) Limited?

    The Official website of Veritas (India) Limited is https://www.veritasindia.net

  • What has been the recent revenue trend for Veritas (India) Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Veritas (India) Limited has risen by 5.50%.

  • How many employees does Veritas (India) Limited currently have?

    As Per 2024 financial reports, 19 employees are currently employed by Veritas (India) Limited.

  • What change has been observed in the net worth of Veritas (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Veritas (India) Limited has experienced an upsurge of 1.92%.

  • When was the last Balance Sheet of Veritas (India) Limited filed with the ROC?

    The most recent Balance Sheet for Veritas (India) Limited was filed with the ROC on 31 Mar 2024.

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