Veritas Life Sciences Limited

Pharmaceutical company engaged in trading, manufacturing, and distribution of medicine and medical supplies.

2005 | Delhi (India) | Active
Last Updated: December 19, 2024

Veritas Life Sciences Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 19 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.38 Cr
  • Revenue Growth -71.54%
  • Profit Growth -39.13%
  • Ebitda -46.56%
  • Net Worth 33.14%
  • Total Assets 48.85%

About Veritas Life Sciences

Veritas Life Sciences Limited (VLSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 October 2005 and has a history of 19 years and four months. Its registered office is in Delhi, India.

The Corporate was formerly known as Avis Life Sciences Limited. The Company is engaged in the Pharma 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 2.50 M and a paid-up capital of Rs 2.50 M.

The company currently has active open charges totaling ₹1.38 Cr.

Anil Mediratta, Amit Mediratta, Mohit Arora, and One other member serve as directors at the Company.

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    veritaslife.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U24232DL2005PLC141722

  • Company No.

    141722

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Oct 2005

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Pharma

Who are the key members and board of directors at Veritas Life Sciences?

Executive Team (1)

Name Designation Appointment Date Status
Anil Mediratta Country flag representing In Managing Director 14-Oct-2005 Current

Board Members (3)

Name Designation Appointment Date Status
Mohit Arora Country flag representing In Director 01-Dec-2016 Current
Amit Mediratta Country flag representing In Director 14-Oct-2005 Current
Kishor Jha Country flag representing In Director 01-Dec-2021 Current

Financial Performance of Veritas Life Sciences.

Veritas Life Sciences Limited, for the financial year ended 2018, experienced significant reduction in revenue, with a 71.54% decrease. The company also saw a substantial fall in profitability, with a 39.13% decrease in profit. The company's net worth Soared by an impressive increase of 33.14%.

Graph illustrating revenue growth over time
Graph showing 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
-71.54%
Revenue from Operations
-71.59%
Total Assets
48.85%
Profit or Loss
-39.13%
Net Worth
33.14%
EBITDA
-46.56%

What is the Ownership and Shareholding Structure of Veritas Life Sciences?

In 2018, Veritas Life Sciences had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹13.77 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Indian Bank : 1.38 Cr

Latest Charge Details

Date Lender Amount Status
10 Apr 2024 Indian Bank ₹1.38 Cr Open

How Many Employees Work at Veritas Life Sciences?

Veritas Life Sciences has a workforce of 36 employees as of Apr 01, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veritas Life Sciences, 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 Life Sciences'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 Life Sciences

Recent activity within the organization

  • Annual General Meeting

    Veritas Life Sciences Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with Indian Bank amounted to Rs. 13.77 M with Charge ID 100957368 was registered on 10 Apr 2024.

    10 Apr 2024

  • Balance Sheet

    Veritas Life Sciences Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Director Appointment

    Kishor Kumar Jha was appointed as a Director was appointed as a Director on 01 Dec 2021 & has been associated with this company since 3 years 2 months .

    01 Dec 2021

  • Director Appointment

    Mohit Arora was appointed as a Director was appointed as a Director on 01 Dec 2016 & has been associated with this company since 8 years 2 months .

    01 Dec 2016

  • Director Appointment

    Anil Mediratta was appointed as a Managing Director was appointed as a Managing Director on 14 Oct 2005 & has been associated with this company since 19 years 4 months .

    14 Oct 2005

Frequently asked questions

  • Veritas Life Sciences Limited was incorporated on 14 Oct 2005.

  • The authorized share capital of Veritas Life Sciences Limited is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.

  • Currently 4 directors are associated with Veritas Life Sciences Limited.

    • Anil Mediratta
    • Amit Mediratta
    • Mohit Arora
    • Kishor Kumar Jha
  • As per Ministry of Corporate Affairs (Mca), the registered address of Veritas Life Sciences Limited is Space No-103 First Floor Commercial Property No-6, Lsc Pocket-5 S Ector A-10 India, Narela Delhi, 110040.

  • The corporate identification number (CIN) of Veritas Life Sciences Limited is U24232DL2005PLC141722 and the company number is 141722 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Veritas Life Sciences Limited is https://www.veritaslife.com

  • According to the financial reports for the fiscal year 2018, the revenue trend for Veritas Life Sciences Limited has fallen by -71.54%.

  • As Per 2018 financial reports, 36 employees are currently employed by Veritas Life Sciences Limited.

  • The financial reports for the fiscal year 2018 indicates that The net worth of Veritas Life Sciences Limited has experienced an upsurge of 33.14%.

  • As per the financial statements for fiscal Year 2018, The total open charges for Veritas Life Sciences Limited amount to ₹ 1.38 Cr.

  • The most recent Balance Sheet for Veritas Life Sciences Limited was filed with the ROC on 31 Mar 2024.

People also Viewed

Similar Companies Based on Pharmaceutical Retailers & Distributors