Versatile Wires Profile
Key Indicators
- Authorised Capital ₹ 6.50 Cr
- Paid Up Capital ₹ 5.99 Cr
- Company Age 31 Year, 5 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 five 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
Manufacturing
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.
Versatile Wires Ltd
Explore comprehensive data for Versatile Wires Ltd, including financials, compliance details, shareholding patterns, and litigation history.
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 Association
Surendra 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)
Open Charges
₹30.48 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Versatile Wires
Recent activity within the organization
- Annual General Meeting
Versatile Wires Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 14.73 Cr with Charge ID 100989748 was registered on 26 Sep 2024.
- Balance Sheet
Versatile Wires Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
- Charges
A charge with Sidbi of Rs. 2.00 Cr registered on 17 Aug 2023 with Charge ID 100764937 was modified on 22 Aug 2023.
- Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 100764937 was registered on 17 Aug 2023.
- Charges
A charge with State Bank Of India of Rs. 13.75 Cr registered on 23 Mar 2006 with Charge ID 80051983 was modified on 05 Apr 2023.
Frequently asked questions
What is the Incorporation or founding date of Versatile Wires Ltd?
Versatile Wires Ltd was incorporated on 09 Nov 1993.
What is authorized share capital and paid-up capital of Versatile Wires Ltd?
The authorized share capital of Versatile Wires Ltd is ₹ 6.50 Cr and paid-up capital is ₹ 5.99 Cr.
Who are the current board members & directors of Versatile Wires Ltd?
Currently 5 directors are associated with Versatile Wires Ltd.
- Surendra Kumar Khaitan
- Lokesh Khemka
- Vineet Khemani
- Siddhartha Ray
- Kalyan Mal Modi
What is the registered address of Versatile Wires Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Versatile Wires Ltd is Bakrahat Road Vill. P.O. Rasapunja, P.S. Bishnupur India, Parganas South, West Bengal, 700104.
What is the corporate identification number (CIN) and company number of Versatile Wires Ltd?
The corporate identification number (CIN) of Versatile Wires Ltd is L31300WB1993PLC060690 and the company number is 060690 as per Ministry of Corporate Affairs (MCA).
What is the official website of Versatile Wires Ltd?
The Official website of Versatile Wires Ltd is https://www.versatilewires.com
What has been the recent revenue trend for Versatile Wires Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Versatile Wires Ltd has fallen by -3.08%.
How many employees does Versatile Wires Ltd currently have?
As Per 2023 financial reports, 28 employees are currently employed by Versatile Wires Ltd.
What change has been observed in the net worth of Versatile Wires Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Versatile Wires Ltd has experienced an upsurge of 0.79%.
What are the total open charges for Versatile Wires Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Versatile Wires Ltd amount to ₹ 30.48 Cr.
When was the last Balance Sheet of Versatile Wires Ltd filed with the ROC?
The most recent Balance Sheet for Versatile Wires Ltd was filed with the ROC on 31 Mar 2024.
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