Versatile Enterprises Private Limited

Manufacturer and exporter of laminated and lining fabrics for international brands in various markets.

1983 | Ludhiana, Punjab (India) | Active
Last Updated:

Versatile Enterprises Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 1.10 M
  • Company Age 42 Year, 15 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 28.70 Cr
  • Satisfied Charges ₹ 2.07 Cr
  • Revenue Growth 14.62%
  • Profit Growth 24.77%
  • Ebitda -2.73%
  • Net Worth 10.42%
  • Total Assets 5.83%

About Versatile Enterprises

Versatile Enterprises Private Limited (VEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 April 1983 and has a history of 42 years. Its registered office is in Ludhiana, Punjab, India.

The Company is engaged in the Manufacturing 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 2.50 M and a paid-up capital of Rs 1.10 M.

The company currently has active open charges totaling ₹28.70 Cr. The company has closed loans amounting to ₹2.07 Cr, as per Ministry of Corporate Affairs (MCA) records.

Manuj Seth, Vipan Seth, Naveen Seth, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999PB1983PTC005394

  • Company No.

    005394

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Apr 1983

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

What products or services does Versatile Enterprises Private Limited offer?

Versatile Enterprises Private Limited offers a wide range of products and services, including PU Foam, Coir & Jute Mattresses, Mattress Accessories, Home Decor Fabric, Cushion Fabric.

Company report

Versatile Enterprises Private Limited

Explore comprehensive data for Versatile Enterprises Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Versatile Enterprises?

Executive Team (2)

NameDesignationAppointment DateStatus
Arun Seth Country flag representing In Managing Director16-Apr-1983Current
Vivek Seth Country flag representing In Managing Director16-Apr-1983Current

Board Members (8)

NameDesignationAppointment DateStatus
Kapil Seth Country flag representing In Director 01-Feb-2008Current
Manuj Seth Country flag representing In Director 10-Jul-2004Current
Vipan Seth Country flag representing In Director 16-Apr-1983Current
Naveen Seth Country flag representing In Director 16-Apr-1983Current
Anuj Seth Country flag representing In Director 01-Apr-1999Current
Sham Seth Country flag representing In Director 01-Apr-1986Current

Financial Performance of Versatile Enterprises.

Versatile Enterprises Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.62% increase. The company also saw a substantial improvement in profitability, with a 24.77% increase in profit. The company's net worth Soared by an impressive increase of 10.42%.

Versatile Enterprises revenue growth over time
Versatile Enterprises 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
14.62%
Revenue from Operations
13.52%
Total Assets
5.83%
Profit or Loss
24.77%
Net Worth
10.42%
EBITDA
-2.73%

What is the Ownership and Shareholding Structure of Versatile Enterprises?

In 2023, Versatile Enterprises 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

₹286.98 M

Satisfied Charges

₹20.70 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 28.70 Cr

Latest Charge Details

DateLenderAmountStatus
14 Nov 2023Hdfc Bank Limited₹3.00 MOpen
13 Oct 2021Hdfc Bank Limited₹2.80 MOpen
21 Jan 2021Hdfc Bank Limited₹1.70 MOpen
01 Apr 2008Hdfc Bank Limited₹13.97 CrOpen
15 Mar 2008Hdfc Bank Limited₹13.97 CrOpen

How Many Employees Work at Versatile Enterprises?

Versatile Enterprises has a workforce of 417 employees as of Apr 02, 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.

Employee growth trends for Versatile Enterprises Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Versatile Enterprises, 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 Versatile Enterprises'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 Versatile Enterprises

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 3.00 M with Charge ID 100819972 was registered on 14 Nov 2023.

  • Annual General Meeting

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

  • Charges

    A charge with Hdfc Bank Limited of Rs. 139.74 M registered on 01 Apr 2008 with Charge ID 10103355 was modified on 31 May 2023.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 139.74 M registered on 15 Mar 2008 with Charge ID 10110760 was modified on 31 May 2023.

  • Balance Sheet

    Versatile Enterprises Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 2.80 M with Charge ID 100507950 was registered on 13 Oct 2021.

Frequently asked questions

  • What is the Incorporation or founding date of Versatile Enterprises Private Limited?

    Versatile Enterprises Private Limited was incorporated on 12 Apr 1983.

  • What is authorized share capital and paid-up capital of Versatile Enterprises Private Limited?

    The authorized share capital of Versatile Enterprises Private Limited is ₹ 2.50 M and paid-up capital is ₹ 1.10 M.

  • Who are the current board members & directors of Versatile Enterprises Private Limited?

    Currently 10 directors are associated with Versatile Enterprises Private Limited.

    • Manuj Seth
    • Vipan Kumar Seth
    • Naveen Seth
    • Anuj Kumar Seth
    • Sham Sunder Seth
    • Arun Kumar Seth
    • Kapil Seth
    • Vivek Seth
    • Akhil Seth
    • Dhruv Seth

  • What is the registered address of Versatile Enterprises Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Versatile Enterprises Private Limited is C 124 Phase Vfocal Point Ludhiana India, Punjab, 141010.

  • What is the corporate identification number (CIN) and company number of Versatile Enterprises Private Limited?

    The corporate identification number (CIN) of Versatile Enterprises Private Limited is U74999PB1983PTC005394 and the company number is 005394 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Versatile Enterprises Private Limited?

    The Official website of Versatile Enterprises Private Limited is https://www.versatilegroup.in

  • What has been the recent revenue trend for Versatile Enterprises Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Versatile Enterprises Private Limited has risen by 14.62%.

  • How many employees does Versatile Enterprises Private Limited currently have?

    As Per 2023 financial reports, 417 employees are currently employed by Versatile Enterprises Private Limited.

  • What change has been observed in the net worth of Versatile Enterprises Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Versatile Enterprises Private Limited has experienced an upsurge of 10.42%.

  • What are the total open charges for Versatile Enterprises Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Versatile Enterprises Private Limited amount to ₹ 28.70 Cr.

  • When was the last Balance Sheet of Versatile Enterprises Private Limited filed with the ROC?

    The most recent Balance Sheet for Versatile Enterprises Private Limited was filed with the ROC on 31 Mar 2023.

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