MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-17-0079380
Veekay Metforms Private Limited
Veekay Metforms Private Limited - business services in Vasai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.33 Lakh
▲ 15% YoY
Net profit · FY 2024
₹5.51 Lakh
Net margin 14%
EBITDA · FY 2024
₹10.57 Lakh
EBITDA margin 26.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Veekay Metforms Private Limited
Data last updated:
Veekay Metforms Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 09 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC303840. Its GSTIN is 27AAGCV2451H1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vasant Kantibhai Panchal and Jay Vasant Panchal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gala No.2 Unit No. 3 S. No. 23 E.D. Estate Devdal Sagpada, Vasai, Maharashtra, India – 401208.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.33 Lakh, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹5.51 Lakh (net margin 14%) and EBITDA of ₹10.57 Lakh (EBITDA margin 26.9%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years.
Veekay Metforms Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0079380).
Company details
CIN U74999MH2018PTC303840
Registration Number 303840
Incorporation Date 09 January 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
MSME Classification Micro
Udyam Registration UDYAM-MH-17-0079380
Key People
Vasant Kantibhai Panchal Director Jay Vasant Panchal Director Hasumati Vasant Panchal Director Recognitions & Rankings of Veekay Metforms
Contact details
Veekay Metforms Private Limited's registered office is in Vasai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressGala No.2 Unit No. 3 S. No. 23 E.D. Estate Devdal Sagpada, Vasai, Maharashtra, India – 401208
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
To see the full contact details of Veekay Metforms Private Limited, buy the company report.
Comprehensive company report
Veekay Metforms Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Veekay Metforms is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Veekay Metforms Private Limited, buy the company report.
Financials of Veekay Metforms Private Limited
FY 2024 filings availableVeekay Metforms Private Limited reported revenue of ₹39.33 Lakh (up 15% YoY) for FY 2024.
Revenue · FY 2024
₹39.33 Lakh ▲ 15%
Net profit · FY 2024
₹5.51 Lakh margin 14%
EBITDA · FY 2024
₹10.57 Lakh margin 26.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 63%
EBITDA CAGR growth
1 year
▲ 112%
3 years · compounded
▲ 46%
5 years · compounded
▲ 75%
Revenue has grown at a compounded annual rate (CAGR) of 63% over three years, including 15% growth in the latest year. EBITDA rose 112% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹10.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.9% | ||||
| Net Profit Margin | 14% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Veekay Metforms Private Limited, buy the company report.
Board of directors of Veekay Metforms Private Limited
Veekay Metforms has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasant Kantibhai Panchal | Director | 09 Jan 2018 | 8 Years 10 Months | Current |
| Jay Vasant Panchal | Director | 09 Jan 2018 | 8 Years 10 Months | Current |
| Hasumati Vasant Panchal | Director | 09 Jan 2018 | 8 Years 10 Months | Current |
Peer comparison
Veekay Metforms Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karl Mayer India Private Limited | ₹40.37 Lakh (FY 2023) | -69.0% | Sanand, Gujarat, India | |||
| Veekay Metforms Private Limitedthis company | ₹39.33 Lakh (FY 2024) | ₹5.51 Lakh | 14% | 15.0% | Vasai, Maharashtra, India | |
| Rijvin Sewing Machines Private Limited | ₹39.1 Lakh (FY 2024) | Nr. Jain Mandir Mumbai, Maharashtra, India | ||||
| Panna Spin Equipments Private Limited | ₹39.1 Lakh (FY 2024) | -65.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Veekay Metforms Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Veekay Metforms Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veekay Metforms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veekay Metforms has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV2451H1ZA | Maharashtra | Active | 23 May 2018 |
To see the full GST registrations and return filing status of Veekay Metforms Private Limited, buy the company report.
Recent activity
Veekay Metforms Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Hasumati Vasant Panchal was appointed as Director on 09 Jan 2018.
AGM
Veekay Metforms Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Veekay Metforms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Appointed
Hasumati Vasant Panchal was appointed as Director.
Appointed
Jay Vasant Panchal was appointed as Director.
Appointed
Vasant Kantibhai Panchal was appointed as Director.
Incorporation
09 Jan 2018
Veekay Metforms Private Limited was registered on 09 Jan 2018 with Roc Mumbai Ii & aged 8 years 10 months as per MCA records.
Frequently asked questions
Veekay Metforms is an active private limited company based in Vasai, Maharashtra, India. The company works in other services, within the business services industry. It was incorporated on 09 January 2018 (8+ years old) and is registered under CIN U74999MH2018PTC303840.
Veekay Metforms has 3 current directors:
- Vasant Kantibhai Panchal - Director
- Jay Vasant Panchal - Director
- Hasumati Vasant Panchal - Director
The latest financial statements of Veekay Metforms on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Veekay Metforms is 27AAGCV2451H1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Veekay Metforms is U74999MH2018PTC303840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veekay Metforms was incorporated on 09 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Veekay Metforms by revenue are Karl Mayer India Private Limited, Rijvin Sewing Machines Private Limited, Panna Spin Equipments Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Hasumati Vasant Panchal was appointed as Director on 09 Jan 2018. Jay Vasant Panchal was appointed as Director on 09 Jan 2018. Vasant Kantibhai Panchal was appointed as Director on 09 Jan 2018.
Yes, Veekay Metforms is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-17-0079380).
The registered office of Veekay Metforms is at Gala No.2 Unit No. 3 S. No. 23 E.D. Estate Devdal Sagpada, Vasai, Maharashtra, India – 401208.
Veekay Metforms operates in the business services industry, in the other services segment.
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