Victory Transformers & Switchgears Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 5.90 Cr
- Company Age 20 Year, 10 Months
- Last Filing with ROC 31 Mar 2019
- Open Charges ₹ 465.05 Cr
- Satisfied Charges ₹ 122.50 Cr
- Revenue Growth -96.31%
- Profit Growth -119.52%
- Ebitda -92.36%
- Net Worth -63.26%
- Total Assets -11.55%
About Victory Transformers & Switchgears
Victory Transformers & Switchgears Limited (VTSL) is Under Liquidation company established on 30 Apr 2004 with its office registered at Tiruvallur, Tamil Nadu, India and has been running since 20 Year, 10 Months with a paid up capital of 5.90 Cr. According to MCA records, 4 Directors are linked to this company as of 26 Apr 2024.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U29199TN2004PLC078244
- Company No.
078244
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
30 Apr 2004
- Date of AGM
28 Sep 2019
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Energy and Power
What products or services does Victory Transformers & Switchgears Limited offer?
Victory Transformers & Switchgears Limited offers a wide range of products and services, including Fuses, Circuit Breakers & Components, High Voltage Circuit Breakers, Circuit Breakers, Vacuum Circuit Breaker, Vacuum Circuit Breaker Panel, Power Transformers, Transformers, Distribution Transformer, Three Phase Distribution Transformers, Transformer Parts.
Who are the key members and board of directors at Victory Transformers & Switchgears?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mahendra Vaddineni  | Managing Director | 30-Apr-2004 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manoj Vaddineni | Whole-Time Director | 10-May-2004 | Current |
| Venkatappaiah Vaddineni | Director | 30-Apr-2004 | Current |
| Manish Chhajed | Director | Current |
Financial Performance of Victory Transformers & Switchgears.
Victory Transformers & Switchgears Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 96.31% decrease. The company also saw a substantial fall in profitability, with a 119.52% decrease in profit. The company's net worth observed a substantial decline by a decrease of 63.26%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Victory Transformers & Switchgears?
In 2019, Victory Transformers & Switchgears had a promoter holding of 75.06% and a public holding of 24.94%. The company had 3 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Accel Techinnova Private LimitedManish Chhajed is a mutual person
Dror Labs Private LimitedManish Chhajed is a mutual person
Shanrohi Technologies Private LimitedManish Chhajed is a mutual person
Ema Special Products & Services Private LimitedManish Chhajed is a mutual person
Charges (Loans)
Open Charges
₹465.05 Cr
Satisfied Charges
₹122.50 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 338.55 Cr
- Bank Of Baroda : 83.00 Cr
- Edelweiss Asset Reconstruction Company Limited : 31.00 Cr
- Ge Capital Services India : 12.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2011 | Edelweiss Asset Reconstruction Company Limited | ₹31.00 Cr | Open |
| 28 Apr 2011 | Ge Capital Services India | ₹12.50 Cr | Open |
| 16 Nov 2009 | State Bank Of India | ₹242.12 Cr | Open |
| 23 Mar 2009 | Bank Of Baroda | ₹83.00 Cr | Open |
| 14 Aug 2004 | State Bank Of India | ₹5.00 Cr | Open |
How Many Employees Work at Victory Transformers & Switchgears?
Unlock and access historical data on people associated with Victory Transformers & Switchgears, 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 Transformers & Switchgears, 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 Transformers & Switchgears'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 Transformers & Switchgears
Recent activity within the organization
- Annual General Meeting
Victory Transformers & Switchgears Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records.
- Balance Sheet
Victory Transformers & Switchgears Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chennai.
- Charges
A charge registered on 15 Feb 2010 via Charge ID 10201691 with Barclays Bank Plc was fully satisfied on 15 May 2014.
- Charges
A charge with Edelweiss Asset Reconstruction Company Limited of Rs. 31.00 Cr registered on 15 Jun 2011 with Charge ID 10324976 was modified on 26 Mar 2014.
- Charges
A charge with State Bank Of India of Rs. 91.43 Cr registered on 14 Aug 2004 with Charge ID 90262508 was modified on 02 Jul 2012.
- Charges
A charge with Edelweiss Asset Reconstruction Company Limited amounted to Rs. 31.00 Cr with Charge ID 10324976 was registered on 15 Jun 2011.
Frequently asked questions
What is the Incorporation or founding date of Victory Transformers & Switchgears Limited?
Victory Transformers & Switchgears Limited was incorporated on 30 Apr 2004.
What is authorized share capital and paid-up capital of Victory Transformers & Switchgears Limited?
The authorized share capital of Victory Transformers & Switchgears Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.90 Cr.
Who are the current board members & directors of Victory Transformers & Switchgears Limited?
Currently 4 directors are associated with Victory Transformers & Switchgears Limited.
- Venkatappaiah Naidu Vaddineni
- Manish Chhajed
- Manoj Vaddineni
- Mahendra Kumar Vaddineni
What is the registered address of Victory Transformers & Switchgears Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Victory Transformers & Switchgears 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 Transformers & Switchgears Limited?
The corporate identification number (CIN) of Victory Transformers & Switchgears Limited is U29199TN2004PLC078244 and the company number is 078244 as per Ministry of Corporate Affairs (MCA).
What is the official website of Victory Transformers & Switchgears Limited?
The Official website of Victory Transformers & Switchgears Limited is https://www.victoryelectricals.com
What has been the recent revenue trend for Victory Transformers & Switchgears Limited?
According to the financial reports for the fiscal year 2019, the revenue trend for Victory Transformers & Switchgears Limited has fallen by -96.31%.
What change has been observed in the net worth of Victory Transformers & Switchgears Limited, and by what percentage?
The financial reports for the fiscal year 2019 indicates that The net worth of Victory Transformers & Switchgears Limited has experienced an downturn of -63.26%.
What are the total open charges for Victory Transformers & Switchgears Limited?
As per the financial statements for fiscal Year 2019, The total open charges for Victory Transformers & Switchgears Limited amount to ₹ 465.05 Cr.
When was the last Balance Sheet of Victory Transformers & Switchgears Limited filed with the ROC?
The most recent Balance Sheet for Victory Transformers & Switchgears Limited was filed with the ROC on 31 Mar 2019.
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