About
Basic Data Updated:
4 days ago"VERITAS (INDIA) LIMITED - Veritas Limited (VIL) is a leading trading and distribution company, formerly known as Duroflex Engineering Limited. With a strong focus on chemicals, petrochemicals, polymers, paper and paper boards, rubber, and heavy distillates, VIL has established itself as a key player in the industry. According to a recent credit rating report, the company excels in stocking, trading, and distributing bulk chemicals, rubber, and metals. In addition, VIL has also set up a state-of-the-art tank terminal with a capacity of 175,000 kilolitres at Hamriyah Free Zone, funded through a strategic mix of debt and promoters' contribution. The terminal spans over 30,000 square metres and boasts 30 tanks, making it a significant addition to the company's infrastructure. VIL is a proud member of the prestigious Veritas Group of Companies and is listed on the Bombay Stock Exchange (BSE). Founded in 1985, the company's registered office is located in Mumbai, Maharashtra. With a strong track record of success, VIL continues to drive innovation and growth in the industry."
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | L23209MH1985PLC035702 |
| Company No. | 035702 |
| Stock Symbol | BSE : 512229 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 21 Mar 1985 |
| Date of AGM | 22 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Listed |
| ROC Code | Roc Mumbai |
Financials of Veritas (India) Limited
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%.
Corporate Structure
Unlock access to Veritas (India)'s control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Veritas (India) Limited
Unlock and access historical data on people associated with Veritas (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (2)
PM
Paresh Merchant
Managing DirectorAppointment Date: 10-Jan-2024
Status: Current
RS
Rajaram Shanbhag CFOAppointment Date: 30-May-2014
Status: Current
Board Members(5)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 28 Jul 2010 | ₹130.25 Cr | Satisfied |
Punjab National Bank Creation Date: 19 Mar 2010 | ₹4.23 Cr | Satisfied |
Punjab National Bank Creation Date: 19 Mar 2010 | ₹4.23 Cr | Satisfied |
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
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Alert
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Recent activity within the organization
Director Appointment
Paresh Vasantlal Merchant was appointed as a Managing Director was appointed as a Managing Director on 10 Jan 2024 & has been associated with this company since 4 months 10 days .
10 Jan 2024Annual General Meeting
Veritas (India) Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.
22 Sep 2023Balance Sheet
Veritas (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
31 Mar 2023Director Appointment
Rohinton Eruch Shroff was appointed as a Director was appointed as a Director on 23 Feb 2023 & has been associated with this company since 1 year 2 months .
23 Feb 2023Director Appointment
Nikhil Vasantlal Merchant was appointed as a Director was appointed as a Director on 07 Feb 2023 & has been associated with this company since 1 year 3 months .
07 Feb 2023
Recent News, Updates & Announcement
Veritas India Q3 FY24 Results Live profit rise by 28286 YOY Mint.Veritas India Q3 FY24 Results Live Revenue increased by 1314 YoY profit increased by 28286 YoY.
mint 02 Feb 2024
- JNPT Adani Ports Veritas UV ARC bid for Dighi Port.
Dighi Port was declared bankrupt and taken to National Company Law Tribunal in April.
DNA India 23 Nov 2018
Frequently asked questions
What is the Incorporation or founding date of Veritas (India) Limited?
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