Veritas Stainless Co. Private Limited

Manufactures and supplies stainless steel, alloys, and carbon steel products for domestic and export markets.

2010 | Mumbai, Maharashtra (India) | Active
Last Updated: October 24, 2024

Veritas Stainless Co. Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 14 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 5.48 Cr
  • Revenue Growth -18.94%
  • Profit Growth -5.27%
  • Ebitda 30.45%
  • Net Worth 4.58%
  • Total Assets 2.10%

About Veritas Stainless Co.

Veritas Stainless Co. Private Limited (VSCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 June 2010 and has a history of 14 years and eight months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Metals And Minerals 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 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹5.48 Cr.

Ritesh Shah, Sumerlal Shah, Pankhiben Shah, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    veritasstainless.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27100MH2010PTC204743

  • Company No.

    204743

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    23 Jun 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metals and Minerals

What products or services does Veritas Stainless Co. Private Limited offer?

Veritas Stainless Co. Private Limited offers a wide range of products and services, including Flanges, Welding Neck Flanges, Pipe Flanges, Orifice Flange, Forwarding & Custom Clearing, Freight Forwarding Services, Couplings, Pump Coupling, Diesel Engine Generator Set, Power Generator.

Who are the key members and board of directors at Veritas Stainless Co.?

Board Members (4)

NameDesignationAppointment DateStatus
Ritesh Shah Country flag representing In Director 23-Jun-2010Current
Sumerlal Shah Country flag representing In Director 23-Jun-2010Current
Pankhiben Shah Country flag representing In Director 20-Dec-2022Current
Manju Shah Country flag representing In Director 20-Dec-2022Current

Financial Performance of Veritas Stainless Co..

Veritas Stainless Co. Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 18.94% decrease. The company also saw a slight decrease in profitability, with a 5.27% decrease in profit. The company's net worth moved up by a moderate rise of 4.58%.

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
-18.94%
Revenue from Operations
-19.70%
Total Assets
2.10%
Profit or Loss
-5.27%
Net Worth
4.58%
EBITDA
30.45%

What is the Ownership and Shareholding Structure of Veritas Stainless Co.?

In 2022, Veritas Stainless Co. 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

₹54.80 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Bank Of Baroda : 4.75 Cr
  • Others : 0.73 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 2024Others₹1.50 MOpen
02 Dec 2021Others₹3.40 MOpen
02 Dec 2021Others₹2.40 MOpen
12 Jun 2013Bank Of Baroda₹4.75 CrOpen

How Many Employees Work at Veritas Stainless Co.?

Unlock and access historical data on people associated with Veritas Stainless Co., such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veritas Stainless Co., 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 Stainless Co.'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 Stainless Co.

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 1.50 M with Charge ID 100867411 was registered on 30 Jan 2024.

    30 Jan 2024

  • Annual General Meeting

    Veritas Stainless Co. Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Veritas Stainless Co. Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Pankhiben Sumermal Shah was appointed as a Director was appointed as a Director on 20 Dec 2022 & has been associated with this company since 2 years 2 months .

    20 Dec 2022

  • Director Appointment

    Manju Ritesh Shah was appointed as a Director was appointed as a Director on 20 Dec 2022 & has been associated with this company since 2 years 2 months .

    20 Dec 2022

  • Charges

    A charge with Others amounted to Rs. 3.40 M with Charge ID 100515855 was registered on 02 Dec 2021.

    02 Dec 2021

Frequently asked questions

  • Veritas Stainless Co. Private Limited was incorporated on 23 Jun 2010.

  • The authorized share capital of Veritas Stainless Co. Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 4 directors are associated with Veritas Stainless Co. Private Limited.

    • Ritesh Sumermal Shah
    • Sumerlal Mishrimal Shah
    • Pankhiben Sumermal Shah
    • Manju Ritesh Shah
  • As per Ministry of Corporate Affairs (Mca), the registered address of Veritas Stainless Co. Private Limited is 48/50 2Nd Carpenter Street 1St Floor N. D. Road, India, Mumbai, Maharashtra, 400004.

  • The corporate identification number (CIN) of Veritas Stainless Co. Private Limited is U27100MH2010PTC204743 and the company number is 204743 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Veritas Stainless Co. Private Limited is https://www.veritasstainless.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Veritas Stainless Co. Private Limited has fallen by -18.94%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Veritas Stainless Co. Private Limited has experienced an upsurge of 4.58%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Veritas Stainless Co. Private Limited amount to ₹ 5.48 Cr.

  • The most recent Balance Sheet for Veritas Stainless Co. Private Limited was filed with the ROC on 31 Mar 2023.