Veeyes Electronics Private Limited
About Veeyes Electronics Private Limited
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Veeyes Electronics Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 06 November 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1991PTC012474. Its GSTIN is 29AAACV6662L1ZQ (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.02 Lakh. It is led by directors Mahesh Srivastava and Vijayendra Shankaraiah.
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 No.1219 4th Cross Opp Ganesh Temple Hal 3rd Stage Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.2 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹30.4 Lakh (net margin 4.2%) and EBITDA of ₹40.96 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 83% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.1219 4th Cross Opp Ganesh Temple Hal 3rd Stage Bangalore, Karnataka, India – 560008
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Veeyes Electronics Private Limited
The main business activity of Veeyes Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Veeyes Electronics Private Limited FY 2024 filings available
Veeyes Electronics Private Limited reported revenue of ₹7.2 Cr (up 2450% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Veeyes Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years. EBITDA rose 178% 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 of Veeyes Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹40.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.4 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Veeyes Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Veeyes Electronics are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Veeyes Electronics Private Limited
Veeyes Electronics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Srivastava | Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Vijayendra Shankaraiah | Director | 13 Feb 2023 | 3 Years 8 Months | Current |
Peer Comparison of Veeyes Electronics Private Limited
Veeyes Electronics Private Limited is compared with the companies closest to it by revenue in the Defence industry (Defence Products and Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hild Defence and Aerospace Private Limited | ₹8.73 Cr (FY 2025) | •••• | •••• | 7747.0% | •••• | Chennai, Tamil Nadu, India |
| Marine Electronics and Navigation Systems Private Limited | ₹8.32 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Navi Mumbai, Maharashtra, India |
| Agnikul Cosmos Private Limited | ₹7.8 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Chennai, Tamil Nadu, India |
| Dronelab Technologies Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | 117.0% | •••• | Ahmedabad, Gujarat, India |
| Tractrix Opto Dynamics LLP | ₹7.72 Cr (FY 2024) | •••• | •••• | 162.0% | •••• | Hyderabad, Telangana, India |
| Veeyes Electronics Private Limited this company | ₹7.2 Cr (FY 2024) | •••• | •••• | 2450.0% | •••• | Bangalore, Karnataka, India |
| Gnat Technologies Private Limited | ₹7.19 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Bangalore, Karnataka, India |
| Timetooth Technologies Private Limited | ₹6.89 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Hbe Aviosec Private Limited | ₹6.86 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | New Delhi, Delhi, India |
| SDS Electronics Private Limited | ₹6.81 Cr (FY 2022) | •••• | •••• | -61.0% | •••• | Chandigarh, India |
| Akiro Protech Private Limited | ₹6.56 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Veeyes Electronics by revenue in the Defence industry (Defence Products and Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Veeyes Electronics Private Limited
Veeyes Electronics Private Limited is audited by Tambakad & goil for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Tambakad & goil | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Veeyes Electronics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Veeyes Electronics Private Limited
Veeyes Electronics Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Veeyes Electronics Private Limited
Employment history and EPFO contributions of people linked to Veeyes Electronics.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Veeyes Electronics Private Limited
Veeyes Electronics Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Vijayendra Shankaraiah ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Veeyes Electronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Veeyes Electronics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Veeyes Electronics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Veeyes Electronics Private Limited
Veeyes Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV6662L1ZQ | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Veeyes Electronics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Veeyes Electronics Private Limited
Veeyes Electronics is an active private limited company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 06 November 1991 (35+ years old) and is registered under CIN U31909KA1991PTC012474.
Veeyes Electronics reported revenue of ₹7.2 Cr for FY 2024 (up 2450% YoY).
Veeyes Electronics has 2 current directors:
- Mahesh Srivastava - Director
- Vijayendra Shankaraiah - Director
Veeyes Electronics reported a net profit of ₹30.4 Lakh (net margin 4.2%) and EBITDA of ₹40.96 Lakh (EBITDA margin 5.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Veeyes Electronics is 40% over three years and 83% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Veeyes Electronics is 29AAACV6662L1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Veeyes Electronics is U31909KA1991PTC012474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veeyes Electronics was incorporated on 06 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Veeyes Electronics by revenue are Hild Defence and Aerospace Private Limited, Marine Electronics and Navigation Systems Private Limited, Agnikul Cosmos Private Limited, Dronelab Technologies Private Limited, Tractrix Opto Dynamics LLP and 5 more, all in the Defence industry (Defence Products and Technology).
Vijayendra Shankaraiah ceased to be Additional Director on 29 Sep 2023. Vijayendra Shankaraiah was appointed as Director on 13 Feb 2023. Dhanvir Chand Srivastava ceased to be Managing Director on 31 Jan 2020. Veeyes Electronics has 4 board changes on record in total.
The registered office of Veeyes Electronics is at No.1219 4th Cross Opp Ganesh Temple Hal 3rd Stage Bangalore, Karnataka, India – 560008.