About Velocity Optics Private Limited
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Velocity Optics Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 12 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2018PTC329369. Its GSTIN is 07AAFCN9348E1Z9 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Nabiq Optics Private Limited. It is led by directors Mumtaz Ahmed and Samir Ahmed.
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 B – 38 First Floor Okhla Industrial Area Phase 1, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.21 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹24.24 Lakh (net margin 2%) and EBITDA of ₹41.17 Lakh (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
Court records list 34 cases involving the company, including 33 filed by the company and 1 filed against it; 12 cases are pending.
For more details, the company can be reached via its website velocityopticals.com.
Company details
Contact details
Velocity Optics Private Limited's registered office is in New Delhi, Delhi. Its website is velocityopticals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 38 First Floor Okhla Industrial Area Phase 1, New Delhi, Delhi, India – 110020
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Velocity Optics Private Limited, buy the company report.
- 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
Business activity
The main business activity of Velocity Optics is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Velocity Optics Private Limited, buy the company report.
Financials of Velocity Optics Private Limited
FY 2024 filings availableVelocity Optics Private Limited reported revenue of ₹12.21 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 11% 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 | ₹41.17 Lakh | ||||
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| Net Profit (PAT) | ₹24.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 2% | ||||
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To see the full financial statements and ratios of Velocity Optics Private Limited, buy the company report.
Board of directors of Velocity Optics Private Limited
Velocity Optics 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 |
|---|---|---|---|---|
| Mumtaz Ahmed | Director | 01 Oct 2018 | 8 Years 0 Months | Current |
| Samir Ahmed Also directs: Speksee Lifestyle Private Limited | Director | 12 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Velocity Optics Private Limited is audited by R. K. Sachdev & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. Sachdev & Associates | FY 2023 | 0017511N |
Shareholding
The shareholding of Velocity Optics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Velocity Optics Private Limited, buy the company report.
Legal cases
Velocity Optics Private Limited has 34 court cases on record: 33 filed by Velocity Optics, 1 filed against it. 12 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 1 | 10 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed by the company against Pranavi Enterprises Chennai Pvt Ltd | Disposed |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (RFA(COMM)) | Filed by the company against M/S. Win Pharma Com Ors. | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against Win Pharma.Com and Ors | Pending |
To see the full case history of Velocity Optics Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Velocity Optics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velocity Optics Private Limited has a workforce of 10 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Velocity Optics has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCN9348E1Z9 | Delhi | Active | 10 Mar 2018 |
| 03AAFCN9348E1ZH | Punjab | Active | 27 Jul 2023 |
To see the full GST registrations and return filing status of Velocity Optics Private Limited, buy the company report.
Recent activity
Velocity Optics Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Bushra Samir ceased to be Director on 20 Mar 2021.
Frequently asked questions
Velocity Optics is an active private limited company based in New Delhi, Delhi, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 12 February 2018 (8+ years old) and is registered under CIN U74999DL2018PTC329369.
Velocity Optics has 2 current directors:
- Mumtaz Ahmed - Director
- Samir Ahmed - Director
The latest financial statements of Velocity Optics 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 Velocity Optics is 07AAFCN9348E1Z9, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAFCN9348E1ZH (Punjab).
The CIN (Corporate Identification Number) of Velocity Optics is U74999DL2018PTC329369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velocity Optics has 34 court cases on record: 33 filed by the company and 1 filed against it. 12 are pending. Most are in the district courts.
Velocity Optics was incorporated on 12 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Bushra Samir ceased to be Director on 20 Mar 2021. Mumtaz Ahmed ceased to be Additional Director on 31 Dec 2019. Mumtaz Ahmed was appointed as Director on 01 Oct 2018. Velocity Optics has 4 board changes on record in total.
Velocity Optics can be reached through the website velocityopticals.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Velocity Optics is at B – 38 First Floor Okhla Industrial Area Phase 1, New Delhi, Delhi, India – 110020.
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