Versatile Wires Profile
Key Indicators
- Authorised Capital ₹ 6.50 Cr
- Paid Up Capital ₹ 5.99 Cr
- Company Age 31 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 30.48 Cr
- Satisfied Charges ₹ 9.10 Cr
- Revenue Growth -3.08%
- Profit Growth -96.96%
- Ebitda -7.45%
- Net Worth 0.79%
- Total Assets -1.93%
About Versatile Wires
Versatile Wires Ltd (VWL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 November 1993 and has a history of 31 years and two months. Its registered office is in 24 Parganas, West Bengal, India.
The Corporate was formerly known as Versatile Wires Private Ltd. 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 2024. It's a company limited by shares with an authorized capital of Rs 6.50 Cr and a paid-up capital of Rs 5.99 Cr.
The company currently has active open charges totaling ₹30.48 Cr. The company has closed loans amounting to ₹9.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Versatile Wires Ltd India are Siddhartha Ray as COMPANY SECRETARY and Kalyan Modi as Cfo. Surendra Khaitan, Lokesh Khemka, and Vineet Khemani serve as directors at the Company.
Company Details
- Location
24 Parganas, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
L31300WB1993PLC060690
- Company No.
060690
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
09 Nov 1993
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Kolkata
Industry
What products or services does Versatile Wires Ltd offer?
Versatile Wires Ltd offers a wide range of products and services, including Copper Wires, Enameled Copper Wire.
Who are the key members and board of directors at Versatile Wires?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Lokesh Khemka  | Managing Director | 25-Aug-1995 | Current |
| Siddhartha Ray | Company Secretary | 01-Feb-1998 | Current |
| Kalyan Modi | CFO | 01-Jun-2019 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Surendra Khaitan | Director | 15-Dec-1995 | Current |
| Vineet Khemani | Director | 12-Jan-2023 | Current |
Financial Performance of Versatile Wires.
Versatile Wires Ltd, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.08% decrease. The company also saw a substantial fall in profitability, with a 96.96% decrease in profit. The company's net worth moved up by a moderate rise of 0.79%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Versatile Wires?
In 2022, Versatile Wires had a promoter holding of 34.19% and a public holding of 65.81%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kadet Defence Systems Private LimitedSurendra Khaitan is a mutual person
Promenade Owners AssociationSurendra Khaitan is a mutual person
- Versatile Metal Concepts Pvt Ltd
Lokesh Khemka is a mutual person
- Rememax Pharmaceuticals Private Limited
Vineet Khemani is a mutual person
- Pharmakon Distributors Private Limited
Vineet Khemani is a mutual person
Charges (Loans)
₹30.48 Cr
₹9.10 Cr
Charges Breakdown by Lending Institutions
- Others : 14.73 Cr
- State Bank Of India : 13.75 Cr
- Sidbi : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2024 | Others | ₹14.73 Cr | Open |
| 17 Aug 2023 | Sidbi | ₹2.00 Cr | Open |
| 23 Mar 2006 | State Bank Of India | ₹13.75 Cr | Open |
| 27 Feb 1998 | Industrial Development Bank Of India | ₹1.25 Cr | Satisfied |
| 09 Feb 1996 | Industrial Development Bank Of India | ₹3.85 Cr | Satisfied |
How Many Employees Work at Versatile Wires?
Versatile Wires has a workforce of 28 employees as of Apr 06, 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 Wires, 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 Wires'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.
