Veritas Logistics Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 3.98 M
- Company Age 20 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 16.65 Cr
- Satisfied Charges ₹ 19.00 Cr
- Revenue Growth 61.63%
- Profit Growth 23.19%
- Ebitda 49.09%
- Net Worth 21.80%
- Total Assets 12.89%
About Veritas Logistics
Veritas Logistics Private Limited (VLPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 February 2004 and has a history of 20 years and 11 months. Its registered office is in Thane, Maharashtra, India.
The Company is engaged in the Transport And Logistics 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 1.00 Cr and a paid-up capital of Rs 3.98 M.
The company currently has active open charges totaling ₹16.65 Cr. The company has closed loans amounting to ₹19.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sonali Menon, Lalitha Menon, Rishab Koshy, and One other member serve as directors at the Company.
Company Details
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Location
Thane, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U63000MH2004PTC144438
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Company No.
144438
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
10 Feb 2004
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
What products or services does Veritas Logistics Private Limited offer?
Veritas Logistics Private Limited offers a wide range of products and services, including Warehousing Services, Industrial Air Conditioner & Devices, Cold Storage System, Custom Clearing Service, Import Clearance Services, Bonded Warehousing Services.
Who are the key members and board of directors at Veritas Logistics?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rishab Koshy
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Managing Director | 15-Feb-2020 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Sonali Menon
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Director | 10-Feb-2004 | Current |
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Lalitha Menon
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Director | 10-Feb-2004 | Current |
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Meenakshi Koshy
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Director | 26-Mar-2018 | Current |
Financial Performance of Veritas Logistics.
Veritas Logistics Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 61.63% increase. The company also saw a substantial improvement in profitability, with a 23.19% increase in profit. The company's net worth Soared by an impressive increase of 21.8%.
- Key Matrics
- Balance Sheet
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- Cash Flow
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What is the Ownership and Shareholding Structure of Veritas Logistics?
In 2023, Veritas Logistics had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sonarys Co-Brands Private LimitedSonali Menon is a mutual person
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Veritas Global Private LimitedRishab Koshy is a mutual person
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Testudo Services LlpRishab Koshy is a mutual person
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Aksys Connect Solutions Private Limited
Rishab Koshy is a mutual person
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Hopfirst Infocomm Private Limited
Rishab Koshy and Meenakshi Koshy are mutual person
Charges (Loans)
₹16.65 Cr
₹19.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 16.50 Cr
- Hdfc Bank Limited : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2024 | Hdfc Bank Limited | ₹1.48 M | Open |
| 30 Sep 2020 | Axis Bank Limited | ₹16.50 Cr | Open |
| 21 Nov 2020 | Axis Bank Limited | ₹15.00 Cr | Satisfied |
| 11 Mar 2013 | Standard Chartered Bank | ₹4.00 Cr | Satisfied |
How Many Employees Work at Veritas Logistics?
Veritas Logistics has a workforce of 80 employees as of Mar 23, 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 Logistics, 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 Logistics'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.
