Vitesse Profile
Key Indicators
- Authorised Capital ₹ 4.00 M
- Paid Up Capital ₹ 2.51 M
- Company Age 44 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 14.38 Cr
- Satisfied Charges ₹ 71.26 Cr
- Revenue Growth 11.82%
- Profit Growth -76.54%
- Ebitda 192.93%
- Net Worth 4.84%
- Total Assets 2.13%
About Vitesse
Vitesse Private Limited (VPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 17 November 1980 and has a history of 44 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Vitesse Trading Private Limited. The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 4.00 M and a paid-up capital of Rs 2.51 M.
The company currently has active open charges totaling ₹14.38 Cr. The company has closed loans amounting to ₹71.26 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashwin Sanghi, Vaibhav Sanghi, Mahendra Sanghi, and One other member serve as directors at the Company.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U51900MH1980PTC023461
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Company No.
023461
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
17 Nov 1980
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Date of AGM
29 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Mumbai
Industry
Who are the key members and board of directors at Vitesse?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashwin Sanghi
|
Director | 27-Mar-1987 | Current |
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Vaibhav Sanghi
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Director | 20-Jul-1983 | Current |
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Mahendra Sanghi
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Director | 17-Nov-1980 | Current |
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Manju Sanghi
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Director | 17-Nov-1980 | Current |
Financial Performance of Vitesse.
Vitesse Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11.82% increase. The company also saw a substantial fall in profitability, with a 76.54% decrease in profit. The company's net worth moved up by a moderate rise of 4.84%.
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What is the Ownership and Shareholding Structure of Vitesse?
In 2023, Vitesse had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Imc Chamber Of Commerce And IndustryMahendra Sanghi is a mutual person
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Sanghi Motors (Bombay) Private LimitedAshwin Sanghi, Vaibhav Sanghi and 2 more are mutual person
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Sanghi Udyog India Private Limited
Ashwin Sanghi, Vaibhav Sanghi and 2 more are mutual person
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Kota Oxygen Private LimitedAshwin Sanghi, Vaibhav Sanghi and 2 more are mutual person
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Principal Investments Private Limited
Ashwin Sanghi, Vaibhav Sanghi and 2 more are mutual person
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Sarayu Investments Private Limited
Ashwin Sanghi, Vaibhav Sanghi and 2 more are mutual person
Charges (Loans)
₹143.80 M
₹712.60 M
Charges Breakdown by Lending Institutions
- Citi Bank : 7.18 Cr
- Hdfc Bank Limited : 5.00 Cr
- Citi Bank N. A. : 2.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Oct 2012 | Hdfc Bank Limited | ₹5.00 Cr | Open |
| 05 Aug 1998 | Citi Bank | ₹2.00 Cr | Open |
| 10 Nov 1997 | Citi Bank | ₹3.00 Cr | Open |
| 29 Oct 1997 | Citi Bank | ₹2.00 Cr | Open |
| 22 Dec 1994 | Citi Bank N. A. | ₹2.20 Cr | Open |
How Many Employees Work at Vitesse?
Vitesse has a workforce of 181 employees as of Apr 07, 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 Vitesse, 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 Vitesse'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.