Veritas (India) Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 2.68 Cr
- Company Age 39 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 147.57 Cr
- Revenue Growth -34.16%
- Profit Growth -35.98%
- Ebitda -132.15%
- Net Worth 2.10%
- Total Assets -9.84%
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 39 years and 11 months. 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. Paresh Merchant, Arun Agarwal, Vijay Shah, 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
Who are the key members and board of directors at Veritas (India)?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Paresh Merchant  | Managing Director | 10-Jan-2024 | Current |
| Arun Agarwal | Company Secretary | 23-Oct-2024 | Current |
| Rajaram Shanbhag | CFO | 30-May-2014 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Arun Agarwal | Director and Company Secretary | 23-Oct-2024 | Current |
| Vijay Shah | Director | 14-Aug-2019 | Current |
| Purvi Matani | Director | 14-Aug-2019 | Current |
| Virat Dantwala | Director | 04-Oct-2024 | Current |
| Rohinton Shroff | Director | 23-Feb-2023 | Current |
Financial Performance of Veritas (India).
Veritas (India) Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 34.16% decrease. The company also saw a substantial fall in profitability, with a 35.98% decrease in profit. The company's net worth moved up by a moderate rise of 2.1%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Veritas (India)?
In 2023, Veritas (India) had a promoter holding of 63.37% and a public holding of 36.64%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Veritas Agro Ventures Private LimitedPurvi Matani is a mutual person
Swan Lng Private LimitedRohinton Shroff is a mutual person
Swan International Private LimitedParesh Merchant is a mutual person
Eastern International Hotels LimitedVijay Shah is a mutual person
Swan Energy LimitedParesh Merchant and Rohinton Shroff are mutual person
- Cardinal Energy And Infrastructure Private Limited
Paresh Merchant and Rohinton Shroff are mutual person
Charges (Loans)
₹0
₹147.57 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 130.25 Cr
- Punjab National Bank : 17.32 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2010 | Axis Bank Limited | ₹130.25 Cr | Satisfied |
| 19 Mar 2010 | Punjab National Bank | ₹4.23 Cr | Satisfied |
| 19 Mar 2010 | Punjab National Bank | ₹4.23 Cr | Satisfied |
| 22 Aug 2009 | Punjab National Bank | ₹4.43 Cr | Satisfied |
| 21 Aug 2009 | Punjab National Bank | ₹4.43 Cr | Satisfied |
How Many Employees Work at Veritas (India)?
Veritas (India) has a workforce of 17 employees as of Apr 08, 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 (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
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.
