Victory Electricals Profile
Key Indicators
- Authorised Capital ₹ 8.00 Cr
- Paid Up Capital ₹ 7.93 Cr
- Company Age 24 Year, 9 Months
- Last Filing with ROC 31 Mar 2019
- Open Charges ₹ 357.18 Cr
- Satisfied Charges ₹ 69.40 Cr
- Revenue Growth -91.48%
- Profit Growth -123.60%
- Ebitda -321.45%
- Net Worth -21.88%
- Total Assets -4.61%
About Victory Electricals
Victory Electricals Limited (VEL) is Under Liquidation company established on 27 Jul 2000 with its office registered at Tiruvallur, Tamil Nadu, India and has been running since 24 Year, 9 Months with a paid up capital of 7.93 Cr. According to MCA records, 3 Directors are linked to this company as of 04 May 2024.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U31909TN2000PLC078301
- Company No.
078301
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
27 Jul 2000
- Date of AGM
29 Sep 2019
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Energy and Power
Victory Electricals Limited
Explore comprehensive data for Victory Electricals Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Victory Electricals?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahendra Vaddineni  | Managing Director | 27-Jul-2000 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manoj Vaddineni | Director | 27-Jul-2000 | Current |
| Venkatappaiah Vaddineni | Director | 27-Jul-2000 | Current |
Financial Performance of Victory Electricals.
Victory Electricals Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 91.48% decrease. The company also saw a substantial fall in profitability, with a 123.6% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Victory Electricals?
In 2019, Victory Electricals had a public holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Victory Alloy Steels Limited
Venkatappaiah Vaddineni, Manoj Vaddineni and 1 more are mutual person
- Hackbridge-Hewittic & Easun Ltd
Venkatappaiah Vaddineni, Manoj Vaddineni and 1 more are mutual person
- Phoenix Power Products Limited
Manoj Vaddineni and Mahendra Vaddineni are mutual person
- Victory Avenues Private Limited
Manoj Vaddineni and Mahendra Vaddineni are mutual person
- Haiya Service Foundation
Mahendra Vaddineni is a mutual person
Charges (Loans)
Open Charges
₹357.18 Cr
Satisfied Charges
₹69.40 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 135.03 Cr
- Bank Of Baroda : 127.00 Cr
- Edelweiss Asset Reconstruction Company Limited : 78.75 Cr
- Ge Capital Services India : 12.50 Cr
- Bank Of Baraoda : 3.90 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2011 | Edelweiss Asset Reconstruction Company Limited | ₹78.75 Cr | Open |
| 28 Apr 2011 | Ge Capital Services India | ₹12.50 Cr | Open |
| 31 Dec 2009 | Bank Of Baraoda | ₹3.90 Cr | Open |
| 21 Feb 2009 | Bank Of Baroda | ₹127.00 Cr | Open |
| 09 Oct 2001 | State Bank Of India | ₹3.50 M | Open |
How Many Employees Work at Victory Electricals?
Unlock and access historical data on people associated with Victory Electricals, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Victory Electricals, 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 Victory Electricals'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 Victory Electricals
Recent activity within the organization
- Annual General Meeting
Victory Electricals Limited last Annual general meeting of members was held on 29 Sep 2019 as per latest MCA records.
- Balance Sheet
Victory Electricals Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chennai.
- Charges
A charge with Edelweiss Asset Reconstruction Company Limited of Rs. 78.75 Cr registered on 15 Jun 2011 with Charge ID 10324975 was modified on 26 Mar 2014.
- Charges
A charge with Bank Of Baroda of Rs. 127.00 Cr registered on 21 Feb 2009 with Charge ID 10149604 was modified on 30 Mar 2013.
- Charges
A charge with State Bank Of India of Rs. 134.68 Cr registered on 09 Jan 2001 with Charge ID 90139293 was modified on 02 Jul 2012.
- Charges
A charge with Edelweiss Asset Reconstruction Company Limited amounted to Rs. 78.75 Cr with Charge ID 10324975 was registered on 15 Jun 2011.
Frequently asked questions
What is the Incorporation or founding date of Victory Electricals Limited?
Victory Electricals Limited was incorporated on 27 Jul 2000.
What is authorized share capital and paid-up capital of Victory Electricals Limited?
The authorized share capital of Victory Electricals Limited is ₹ 8.00 Cr and paid-up capital is ₹ 7.93 Cr.
Who are the current board members & directors of Victory Electricals Limited?
Currently 3 directors are associated with Victory Electricals Limited.
- Venkatappaiah Naidu Vaddineni
- Manoj Vaddineni
- Mahendra Kumar Vaddineni
What is the registered address of Victory Electricals Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Victory Electricals Limited is #850/64BT.H.RoadNear Royal Enfield, Thiruvotriyur, Chennai, Tamil Nadu, India, 600019.
What is the corporate identification number (CIN) and company number of Victory Electricals Limited?
The corporate identification number (CIN) of Victory Electricals Limited is U31909TN2000PLC078301 and the company number is 078301 as per Ministry of Corporate Affairs (MCA).
What is the official website of Victory Electricals Limited?
The Official website of Victory Electricals Limited is https://www.victoryelectricals.com
What has been the recent revenue trend for Victory Electricals Limited?
According to the financial reports for the fiscal year 2019, the revenue trend for Victory Electricals Limited has fallen by -91.48%.
What change has been observed in the net worth of Victory Electricals Limited, and by what percentage?
The financial reports for the fiscal year 2019 indicates that The net worth of Victory Electricals Limited has experienced an downturn of -21.88%.
What are the total open charges for Victory Electricals Limited?
As per the financial statements for fiscal Year 2019, The total open charges for Victory Electricals Limited amount to ₹ 357.18 Cr.
When was the last Balance Sheet of Victory Electricals Limited filed with the ROC?
The most recent Balance Sheet for Victory Electricals Limited was filed with the ROC on 31 Mar 2019.
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