About Veegrip
Veegrip is an Industrial Goods & Manufacturing company based in India. Manufacturing and supplying V-Belts and Auto Belts for industries including agriculture and automobile. The company has 78 employees. Its Indian entity Veegrip Belts Private Limited reported revenue of ₹17.98 Cr. Veegrip offers products and services including V-Belts and Auto Belts. Its focus areas include Manufacturing, Industrial Supplies, Auto Belts and For Automobile and Agriculture.
Company details
Veegrip has been established in the rubber belting industry for 32 years, during which it has emerged as a key manufacturer, exporter, and supplier of V-Belts and Auto Belts. Products are provided for sectors such as automobile, agriculture, and textile, with a focus on high-quality and environmentally friendly components. The companys vision is noted as aiming to be recognized as a global player in the V-belt industry by 2025, while its mission emphasizes the distribution of reliable products to serve customers worldwide. Operations are supported by industrial experience and partnerships.
- Headquarters India
- Employees 78
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website veegripbelts.com
- Social X Facebook
- Legal Name Veegrip Belts Pvt Ltd
- Date of Incorporation 09 Nov, 1988
- Jurisdiction Vadipatti, Tamil Nadu, India
- Annual Revenue₹17.98 Cr
FY 2025 · +18% YoY
- Net Profit₹6.4 Lakh
FY 2025 · 0% margin
- EBITDA₹1.86 Cr
FY 2025 · 10% margin
- Employee Count78
Associated legal entities of Veegrip
Veegrip operates through Veegrip Belts Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Veegrip Belts Private Limited CIN U25199TN1988PTC016435 | Active | 09 Nov 1988 | Vadipatti, Tamil Nadu | ₹18.0 Cr | 78 | 4 | View details |
Products & Services of Veegrip
Veegrip offers a comprehensive portfolio of products and services, including V-Belts and Auto Belts.
V-Belts are manufactured for applications in industries such as agriculture and automobile, serving as key components in machinery.
Auto Belts are supplied for use in the automobile sector and other related industries, supporting operational needs.
Board of directors of Veegrip Belts Private Limited (Veegrip)
Veegrip Belts Private Limited is the primary company behind Veegrip. The board of Veegrip Belts Private Limited currently have 4 directors; the longest-serving is Panneerselvam Muniyandi, appointed in 2002. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Panneerselvam Muniyandi DIN 02116365 | Managing Director | 15 Jul 2002 | 24 yrs 3 mo | Veegrip Belts Private Limited |
| Shyamala Panneselvam DIN 02129451 | Director | 03 Oct 2014 | 12 yrs 1 mo | Veegrip Belts Private Limited |
| Priyadharshini Panneerselvam DIN 08008315 | Director | 05 Sep 2018 | 8 yrs 2 mo | Veegrip Belts Private Limited |
| Vishnuvardthini Panneerselvam DIN 07609967 | Director | 05 Sep 2018 | 8 yrs 2 mo | Veegrip Belts Private Limited |
Financials of Veegrip
Figures of Veegrip Belts Private Limited, the primary company behind Veegrip, for FY 2025. Revenue was ₹17.98 Cr (+18% year on year). Net profit was ₹6.4 Lakh (0% margin). EBITDA was ₹1.86 Cr (10% margin). Revenue has grown at a compounded annual rate of +23% over three years and +9% over five years.
- ₹17.98 CrRevenue · FY 2025 · +18% YoY
- ₹6.4 LakhNet profit · 0% margin
- ₹1.86 CrEBITDA · 10% margin
- ₹3.50 CrPaid-up capital
- 78Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Veegrip Belts Private Limited are on its company page.
Detailed financial statements for Veegrip
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Five-year trends
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Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Veegrip (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | USD 246.88 M | 2,472 | ||
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | USD 18.65 B | 193 | ||
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | USD 253.24 M | 8,060 |
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Frequently Asked Questions about Veegrip
Veegrip is headquartered in India.
Veegrip has 78 employees.
The primary company behind Veegrip, Veegrip Belts Private Limited, reported revenue of ₹17.98 Cr for FY 2025, up 18% year on year.
Veegrip has been established in the rubber belting industry for 32 years, during which it has emerged as a key manufacturer, exporter, and supplier of V-Belts and Auto Belts. Products are provided for sectors such as automobile, agriculture, and textile, with a focus on high-quality and environmentally friendly components. The companys vision is noted as aiming to be recognized as a global player in the V-belt industry by 2025, while its mission emphasizes the distribution of reliable products to serve customers worldwide. Operations are supported by industrial experience and partnerships.
Veegrip offers V-Belts and Auto Belts.
Veegrip operates through Veegrip Belts Private Limited.
The legal entities of Veegrip currently have 4 directors, including Panneerselvam Muniyandi, Priyadharshini Panneerselvam, Vishnuvardthini Panneerselvam and others.