Versa Drives Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.82 Cr
- Company Age 14 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.72 Cr
- Satisfied Charges ₹ 8.42 Cr
- Revenue Growth 21.35%
- Profit Growth 131.48%
- Ebitda 75.86%
- Net Worth 6.21%
- Total Assets 15.23%
About Versa Drives
Versa Drives Private Limited (VDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 March 2010 and has a history of 14 years and 11 months. Its registered office is in Coimbatore, Tamil Nadu, India.
The Company is engaged in the Consumer Electronics & Durables 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 3.00 Cr and a paid-up capital of Rs 2.82 Cr.
The company currently has active open charges totaling ₹17.72 Cr. The company has closed loans amounting to ₹8.42 Cr, as per Ministry of Corporate Affairs (MCA) records.
Durgasharan Krishnamurthy, Sundararajan Muruganandhan, and Krishnasamy serve as directors at the Company.
Company Details
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Location
Coimbatore, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U31200TZ2010PTC015906
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Company No.
015906
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
18 Mar 2010
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Date of AGM
14 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
What products or services does Versa Drives Private Limited offer?
Versa Drives Private Limited offers a wide range of products and services, including Domestic Fans, AC & Coolers, Ceiling Fans, Electric Fans.
Who are the key members and board of directors at Versa Drives?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sundararajan Muruganandhan
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Managing Director | 18-Mar-2010 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Durgasharan Krishnamurthy
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Director | 18-Mar-2010 | Current |
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Maheswari Krishnasamy
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Director | 01-Jun-2023 | Current |
Financial Performance of Versa Drives.
Versa Drives Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.35% increase. The company also saw a substantial improvement in profitability, with a 131.48% increase in profit. The company's net worth moved up by a moderate rise of 6.21%.
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What is the Ownership and Shareholding Structure of Versa Drives?
In 2023, Versa Drives had a promoter holding of 95.57% and a public holding of 4.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹17.72 Cr
₹8.42 Cr
Charges Breakdown by Lending Institutions
- Indian Bank : 16.59 Cr
- Others : 1.13 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Dec 2022 | Indian Bank | ₹2.28 M | Open |
| 03 Jan 2022 | Indian Bank | ₹5.36 M | Open |
| 13 May 2020 | Indian Bank | ₹4.60 M | Open |
| 22 Jul 2019 | Others | ₹1.13 Cr | Open |
| 20 Nov 2013 | Indian Bank | ₹15.37 Cr | Open |
How Many Employees Work at Versa Drives?
Versa Drives has a workforce of 148 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 Versa Drives, 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 Versa Drives'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.
