Versa Drives Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.82 Cr
- Company Age 15 Year, 2 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 15 years and two 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
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31200TZ2010PTC015906
- Company No.
015906
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Mar 2010
- Date of AGM
14 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Consumer Electronics & Durables
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.
Versa Drives Private Limited
Explore comprehensive data for Versa Drives Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Versa Drives?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sundararajan Muruganandhan  | Managing Director | 18-Mar-2010 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Durgasharan Krishnamurthy | Director | 18-Mar-2010 | Current |
| Maheswari Krishnasamy | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Open Charges
₹17.72 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Versa Drives
Recent activity within the organization
- Annual General Meeting
Versa Drives Private Limited last Annual general meeting of members was held on 14 Sep 2024 as per latest MCA records.
- Balance Sheet
Versa Drives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
- Charges
A charge registered on 15 Oct 2016 via Charge ID 100070724 with Others was fully satisfied on 24 Jan 2024.
- Charges
A charge registered on 15 Oct 2016 via Charge ID 100070729 with Others was fully satisfied on 24 Jan 2024.
- Charges
A charge registered on 30 Nov 2015 via Charge ID 10614725 with Indian Bank was fully satisfied on 24 Jan 2024.
- Charges
A charge with Indian Bank of Rs. 15.37 Cr registered on 20 Nov 2013 with Charge ID 10466235 was modified on 03 Jan 2024.
Recent News, Updates & Announcement
Versa Drives Partners with Murata Manufacturing Co. to Revolutionize Electric Appliance and Vehicle Motor Drives.Versa Drives gets investment from Japan's Murata Manufacturing Co. to make better motor drives for electric appliances and vehicles. Versa Drives boss says Murata's help will make their products go global. Versa Drives is already good at making motor drives for ceiling fans and is growing fast. Murata boss says they want to help India with energy problems. #InvestingInInnovation #MurataHelpsVersaDrives #EnergySolutions #GlobalGoals.
Frequently asked questions
What is the Incorporation or founding date of Versa Drives Private Limited?
Versa Drives Private Limited was incorporated on 18 Mar 2010.
What is authorized share capital and paid-up capital of Versa Drives Private Limited?
The authorized share capital of Versa Drives Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.82 Cr.
Who are the current board members & directors of Versa Drives Private Limited?
Currently 3 directors are associated with Versa Drives Private Limited.
- Durgasharan Krishnamurthy
- Sundararajan Muruganandhan
- Maheswari Krishnasamy
What is the registered address of Versa Drives Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Versa Drives Private Limited is No.38-B, Vadakku Thottam Part Idikarai India, Coimbatore, Tamil Nadu, 641022.
What is the corporate identification number (CIN) and company number of Versa Drives Private Limited?
The corporate identification number (CIN) of Versa Drives Private Limited is U31200TZ2010PTC015906 and the company number is 015906 as per Ministry of Corporate Affairs (MCA).
What is the official website of Versa Drives Private Limited?
The Official website of Versa Drives Private Limited is https://www.versadrives.com
What has been the recent revenue trend for Versa Drives Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Versa Drives Private Limited has risen by 21.35%.
How many employees does Versa Drives Private Limited currently have?
As Per 2023 financial reports, 148 employees are currently employed by Versa Drives Private Limited.
What change has been observed in the net worth of Versa Drives Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Versa Drives Private Limited has experienced an upsurge of 6.21%.
What are the total open charges for Versa Drives Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Versa Drives Private Limited amount to ₹ 17.72 Cr.
When was the last Balance Sheet of Versa Drives Private Limited filed with the ROC?
The most recent Balance Sheet for Versa Drives Private Limited was filed with the ROC on 31 Mar 2024.
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