Versatile Enterprises Profile
Key Indicators
- Authorised Capital ₹ 2.50 M
- Paid Up Capital ₹ 1.10 M
- Company Age 41 Year, 9 Months
- 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 -5.07%
- 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 41 years and nine months. Its registered office is in Punjab, 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
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Location
Punjab, Punjab, 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
U74999PB1983PTC005394
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Company No.
005394
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
12 Apr 1983
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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 Chandigarh
Industry
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.
Who are the key members and board of directors at Versatile Enterprises?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Arun Seth
|
Managing Director | 16-Apr-1983 | Current |
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Vivek Seth
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Managing Director | 16-Apr-1983 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Kapil Seth
|
Director | 01-Feb-2008 | Current |
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Manuj Seth
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Director | 10-Jul-2004 | Current |
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Vipan Seth
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Director | 16-Apr-1983 | Current |
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Naveen Seth
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Director | 16-Apr-1983 | Current |
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Sham Seth
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Director | 01-Apr-1986 | Current |
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Anuj Seth
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Director | 01-Apr-1999 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Council For Leather ExportsVipan Seth is a mutual person
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Council For Footwear Leather And AccessoriesVipan Seth is a mutual person
Charges (Loans)
₹286.98 M
₹20.70 M
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 28.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Nov 2023 | Hdfc Bank Limited | ₹3.00 M | Open |
| 13 Oct 2021 | Hdfc Bank Limited | ₹2.80 M | Open |
| 21 Jan 2021 | Hdfc Bank Limited | ₹1.70 M | Open |
| 01 Apr 2008 | Hdfc Bank Limited | ₹13.97 Cr | Open |
| 15 Mar 2008 | Hdfc Bank Limited | ₹13.97 Cr | Open |
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.
Deals i
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
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.
