Startup India Government of India
Velstone Tech India Private Limited
Velstone Tech India Private Limited - information technology in Berhampur, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹28.45 Lakh
▲ 200% YoY
Net profit · FY 2023
₹1.67 Lakh
Net margin 5.9%
EBITDA · FY 2023
₹2.45 Lakh
EBITDA margin 8.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
11
Provident fund records
Directors on board
2
As per MCA filings
About Velstone Tech India Private Limited
Data last updated:
Velstone Tech India Private Limited is a private limited company based in Berhampur, Odisha, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 28 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72900OR2018PTC029232. Its GSTIN is 21AAGCV5225M1Z9 (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Aruna Kumar Pattanaik and Durga Prasad Satapathy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop No.9 Ground Floor Raja Rani Tower Kamapalli Main Road, Berhampur, Odisha, India – 760004.
As per the financials filed for FY 2023, the company reported a revenue of ₹28.45 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.67 Lakh (net margin 5.9%) and EBITDA of ₹2.45 Lakh (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
The company has about 11 employees on its provident fund (EPFO) records.
Velstone Tech India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-11-0017791).
Company details
CIN U72900OR2018PTC029232
Registration Number 029232
Incorporation Date 28 July 2018
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-OD-11-0017791
Recognitions & Rankings of Velstone Tech India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-OD-11-0017791
Contact details
Velstone Tech India Private Limited's registered office is in Berhampur, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressShop No.9 Ground Floor Raja Rani Tower Kamapalli Main Road, Berhampur, Odisha, India – 760004
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Velstone Tech India Private Limited, buy the company report.
Comprehensive company report
Velstone Tech India 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 Velstone Tech India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Velstone Tech India Private Limited, buy the company report.
Financials of Velstone Tech India Private Limited
FY 2023 filings availableVelstone Tech India Private Limited reported revenue of ₹28.45 Lakh (up 200% YoY) for FY 2023.
Revenue · FY 2023
₹28.45 Lakh ▲ 200%
Net profit · FY 2023
₹1.67 Lakh margin 5.9%
EBITDA · FY 2023
₹2.45 Lakh margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 200%
3 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 134%
3 years · compounded
▲ 45%
Revenue has grown at a compounded annual rate (CAGR) of 38% over three years, including 200% growth in the latest year. EBITDA rose 134% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹2.45 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.67 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | 5.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Velstone Tech India Private Limited, buy the company report.
Board of directors of Velstone Tech India Private Limited
Velstone Tech India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aruna Kumar Pattanaik | Director | 31 May 2020 | 6 Years 5 Months | Current |
| Durga Prasad Satapathy | Director | 06 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Velstone Tech India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RS Earthmover Private Limited | ₹28.57 Lakh (FY 2019) | Jafrabad, Maharashtra, India | ||||
| Bhargav Infrastructure Private Limited | ₹28.55 Lakh (FY 2022) | 38.0% | Surat, Gujarat, India | |||
| Rcee Engiserve Private Limited | ₹28.49 Lakh (FY 2023) | Bangalore, Karnataka, India | ||||
| Angul Aluminium Park Private Limited | ₹28.48 Lakh (FY 2016) | 81.0% | Bhubaneswar, Odisha, India | |||
| Epo Flooring (OPC) Private Limited | ₹28.46 Lakh (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| Velstone Tech India Private Limitedthis company | ₹28.45 Lakh (FY 2023) | ₹1.67 Lakh | 5.9% | 200.0% | 11 | Berhampur, Odisha, India |
| Abhash Infra Developers Private Limited | ₹28.39 Lakh (FY 2024) | 802.0% | Arrah, Bihar, India | |||
| Supreme Hi Tech Engineering Services Limited | ₹28.36 Lakh (FY 2021) | 1.0% | Mumbai, Maharashtra, India | |||
| Bne Infratech Limited | ₹28.35 Lakh (FY 2025) | 100.0% | Kolkata, West Bengal, India | |||
| Kailai Engineering & Construction Private Limited | ₹28.34 Lakh (FY 2021) | 785.0% | Chennai, Tamil Nadu, India | |||
| GVKN Projects & Infrastructure Development Private Limited | ₹28.31 Lakh (FY 2021) | 4.0% | Hosakote, Karnataka, India |
To see the full peer comparison of Velstone Tech India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Velstone Tech India 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 Velstone Tech India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velstone Tech India Private Limited has a workforce of 11 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
GST
Velstone Tech India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCV5225M1Z9 | Odisha | Active | 17 Sep 2018 |
To see the full GST registrations and return filing status of Velstone Tech India Private Limited, buy the company report.
Recent activity
Velstone Tech India Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Aruna Kumar Pattanaik ceased to be Additional Director on 31 Dec 2020.
AGM
Velstone Tech India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Velstone Tech India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Cuttack.
Ceased
Aruna Kumar Pattanaik ceased to be Additional Director.
Ceased
Ranjit Kumar Moharana ceased to be Director.
Ceased
Sudhir Ranjan Sahu ceased to be Director.
Appointed
Aruna Kumar Pattanaik was appointed as Director.
Ceased
Durga Prasad Satapathy ceased to be Additional Director.
Appointed
Durga Prasad Satapathy was appointed as Director.
Incorporation
28 Jul 2018
Velstone Tech India Private Limited was registered on 28 Jul 2018 with Roc Cuttack & aged 8 years 3 months as per MCA records.
Frequently asked questions
Velstone Tech India is an active private limited company based in Berhampur, Odisha, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 28 July 2018 (8+ years old) and is registered under CIN U72900OR2018PTC029232.
Velstone Tech India has 2 current directors:
- Aruna Kumar Pattanaik - Director
- Durga Prasad Satapathy - Director
The latest financial statements of Velstone Tech India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Velstone Tech India is 21AAGCV5225M1Z9, registered in Odisha.
The CIN (Corporate Identification Number) of Velstone Tech India is U72900OR2018PTC029232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velstone Tech India was incorporated on 28 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Velstone Tech India by revenue are RS Earthmover Private Limited, Bhargav Infrastructure Private Limited, Rcee Engiserve Private Limited, Angul Aluminium Park Private Limited, Epo Flooring (OPC) Private Limited and 5 more, all in the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities).
Aruna Kumar Pattanaik ceased to be Additional Director on 31 Dec 2020. Ranjit Kumar Moharana ceased to be Director on 01 Jun 2020. Sudhir Ranjan Sahu ceased to be Director on 01 Jun 2020. Velstone Tech India has 6 board changes on record in total.
Yes, Velstone Tech India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Velstone Tech India is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-11-0017791).
The registered office of Velstone Tech India is at Shop No.9 Ground Floor Raja Rani Tower Kamapalli Main Road, Berhampur, Odisha, India – 760004.
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