Veto Switchgears And Cables Limited

Manufacturer of wires, cables, electrical accessories, and trading of lighting products.

2007 | Thane, Maharashtra (India) | Active
Last Updated:

Veto Switchgears And Cables Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 19.11 Cr
  • Company Age 17 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 55.23 Cr
  • Satisfied Charges ₹ 59.22 Cr
  • Revenue Growth -100.00%
  • Profit Growth -100.00%
  • Ebitda -100.00%
  • Net Worth -100.00%
  • Total Assets -100.00%

About Veto Switchgears And Cables

Veto Switchgears And Cables Limited (VSACL) is a Public Limited Indian Non-Government Company incorporated in India on 20 June 2007 and has a history of 17 years and nine months. Its registered office is in Thane, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 539331 and on the National Stock Exchange(NSE) under VETO.

The Corporate was formerly known as Veto Switchgears And Cables Private Limited. 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 25.00 Cr and a paid-up capital of Rs 19.11 Cr.

The company currently has active open charges totaling ₹55.23 Cr. The company has closed loans amounting to ₹59.22 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Veto Switchgears And Cables Limited India are Narain Gurnani as Cfo, Akshay Gurnani as Ceo, and Kritika Todwal as Company Secretary. Narain Gurnani, Akshay Gurnani, Jyoti Gurnani, and Three other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L31401MH2007PLC171844

  • Company No.

    171844

  • Stock Symbol

    BSE : 539331 NSE : VETO

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 Jun 2007

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Consumer Electronics & Durables
Manufacturing

What products or services does Veto Switchgears And Cables Limited offer?

Veto Switchgears And Cables Limited offers a wide range of products and services, including Computer PCI Cards, Cables & Modules, Power Cords, Decorative Light, Lamp & Lamp Shades, Rope Light, Ceiling Fans, Decorative Ceiling Fan, House Wire, Multi Strand Wire, Electric Fans, Air Fan.

Who are the key members and board of directors at Veto Switchgears And Cables?

Executive Team (3)

NameDesignationAppointment DateStatus
Akshay Gurnani Country flag representing In Managing Director27-Aug-2014Current
Narain Gurnani Country flag representing In CFO29-Sep-2017Current
Kritika Todwal Company Secretary10-Feb-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Narain Gurnani Country flag representing In Whole-Time Director and Cfo 24-May-2016Current
Jyoti Gurnani Country flag representing In Director 27-Aug-2014Current
Kanwar Singh Country flag representing In Director 06-May-2017Current
Hari Motwani Country flag representing In Director 28-Sep-2019Current
Sanjeev Dass Country flag representing In Director 01-Sep-2022Current

Financial Performance of Veto Switchgears And Cables.

Veto Switchgears And Cables Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 100% decrease. The company also saw a substantial fall in profitability, with a 100% decrease in profit. The company's net worth observed a substantial decline by a decrease of 100%.

Veto Switchgears And Cables revenue growth over time
Veto Switchgears And Cables 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
-100.00%
Revenue from Operations
-100.00%
Total Assets
-100.00%
Profit or Loss
-100.00%
Net Worth
-100.00%
EBITDA
-100.00%

What is the Ownership and Shareholding Structure of Veto Switchgears And Cables?

In 2023, Veto Switchgears And Cables had a promoter holding of 50.08% and a public holding of 49.92%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹55.23 Cr

Satisfied Charges

₹59.22 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 55.23 Cr

Latest Charge Details

DateLenderAmountStatus
28 Nov 2024Hdfc Bank Limited₹2.90 MOpen
02 Jan 2024Hdfc Bank Limited₹2.68 MOpen
19 Dec 2023Hdfc Bank Limited₹2.41 MOpen
01 Nov 2023Hdfc Bank Limited₹1.97 CrOpen
27 Oct 2023Hdfc Bank Limited₹1.02 MOpen

How Many Employees Work at Veto Switchgears And Cables?

Veto Switchgears And Cables has a workforce of 256 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.

Employee growth trends for Veto Switchgears And Cables Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veto Switchgears And Cables, 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 Veto Switchgears And Cables'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 Veto Switchgears And Cables

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.29 Cr with Charge ID 101009154 was registered on 28 Nov 2024.

  • Annual General Meeting

    Veto Switchgears And Cables Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Veto Switchgears And Cables Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Kritika Todwal was appointed as a Company Secretary was appointed as a Company Secretary on 10 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100841869 was registered on 02 Jan 2024.

  • Charges

    A charge registered on 31 Aug 2022 via Charge ID 100689732 with Hdfc Bank Limited was fully satisfied on 31 Dec 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Veto Switchgears And Cables Limited?

    Veto Switchgears And Cables Limited was incorporated on 20 Jun 2007.

  • What is authorized share capital and paid-up capital of Veto Switchgears And Cables Limited?

    The authorized share capital of Veto Switchgears And Cables Limited is ₹ 25.00 Cr and paid-up capital is ₹ 19.11 Cr.

  • Who are the current board members & directors of Veto Switchgears And Cables Limited?

    Currently 9 directors are associated with Veto Switchgears And Cables Limited.

    • Narain Das Gurnani
    • Akshay Kumar Gurnani
    • Jyoti Gurnani
    • Kanwar Jeet Singh
    • Hari Krishan Motwani
    • Sanjeev Kumar Dass
    • Narain Das Gurnani
    • Akshay Kumar Gurnani
    • Kritika Todwal

  • What is the registered address of Veto Switchgears And Cables Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Veto Switchgears And Cables Limited is Gala No. 2 Sanskruti Sagar Signature Complex, Palghar India, Vasai, Maharashtra, 401208.

  • What is the corporate identification number (CIN) and company number of Veto Switchgears And Cables Limited?

    The corporate identification number (CIN) of Veto Switchgears And Cables Limited is L31401MH2007PLC171844 and the company number is 171844 as per Ministry of Corporate Affairs (MCA).

  • Is Veto Switchgears And Cables Limited registered with any stock exchange in India?

    Yes, Veto Switchgears And Cables Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VETO.

  • What is the official website of Veto Switchgears And Cables Limited?

    The Official website of Veto Switchgears And Cables Limited is https://www.vetoswitchgears.com

  • What has been the recent revenue trend for Veto Switchgears And Cables Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Veto Switchgears And Cables Limited has fallen by -100.00%.

  • How many employees does Veto Switchgears And Cables Limited currently have?

    As Per 2022 financial reports, 256 employees are currently employed by Veto Switchgears And Cables Limited.

  • What change has been observed in the net worth of Veto Switchgears And Cables Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Veto Switchgears And Cables Limited has experienced an downturn of -100.00%.

  • What are the total open charges for Veto Switchgears And Cables Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Veto Switchgears And Cables Limited amount to ₹ 55.23 Cr.

  • When was the last Balance Sheet of Veto Switchgears And Cables Limited filed with the ROC?

    The most recent Balance Sheet for Veto Switchgears And Cables Limited was filed with the ROC on 31 Mar 2024.

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