About Veltor
Veltor was a Technology company based in Pune (India) founded in 2018. It delivers solutions for smart locks and keys. It operates on a B2B model. The company is recorded as dissolved. Its focus areas include Hardware, Security and Smart Locks. Its legal entity in India is Alteration Innotech Private Limited (U72900PN2017PTC170975).
Company details
Veltor delivers solutions for smart locks and keys, focusing on leveraging cutting-edge technology, hardware, security, and developing smart locks. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Pune, India
- SectorsTechnology
- Website veltor.co
- Legal Name Alteration Innotech Private Limited
- Date of Incorporation 14 Jun, 2017
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹67,946
FY 2019 · +2451% YoY
- Net Loss-₹5.3 Lakh
FY 2019 · -786% margin
- EBITDA-₹4.2 Lakh
FY 2019 · -616% margin
Associated legal entities of Veltor
Veltor operates through Alteration Innotech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alteration Innotech Private Limited CIN U72900PN2017PTC170975 | Active | 14 Jun 2017 | Pune, Maharashtra | ₹0.0 Cr | 4 | View details |
Board of directors of Alteration Innotech Private Limited (Veltor)
Alteration Innotech Private Limited is the primary company behind Veltor. The board of Alteration Innotech Private Limited currently have 4 directors; the longest-serving is Vaibhav Dashrathbhai Patel, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vaibhav Dashrathbhai Patel DIN 07839855 | Director | 14 Jun 2017 | 9 yrs 4 mo | Alteration Innotech Private Limited |
| Nandan Kirankumar Shah DIN 07839843 | Director | 14 Jun 2017 | 9 yrs 4 mo | Alteration Innotech Private Limited |
| Girish Nivrutti Kumbhar DIN 07684947 | Director | 24 Sep 2020 | 6 yrs 1 mo | Alteration Innotech Private Limited |
| Parikshit Prafulla Sisode DIN 08342279 | Director | 24 Sep 2020 | 6 yrs 1 mo | Alteration Innotech Private Limited |
Financials of Veltor
Figures of Alteration Innotech Private Limited, the primary company behind Veltor, for FY 2019. Revenue was ₹67,946 (+2451% year on year). Net loss was -₹5.3 Lakh (-786% margin). EBITDA was -₹4.2 Lakh (-616% margin).
- ₹67,946Revenue · FY 2019 · +2451% YoY
- -₹5.3 LakhNet loss · -786% margin
- -₹4.2 LakhEBITDA · -616% margin
- ₹30,000Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Alteration Innotech Private Limited are on its company page.
Detailed financial statements for Veltor
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
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Top companies in Consumer Internet & IoT
3 companies that operate in the same segment as Veltor (Consumer Internet & IoT) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment in technology sectors focusing on semiconductors, AI, and IoT. | 2015 | Delhi, Delhi, India | USD 115 M | 101 | ||
Technology solutions provider focusing on electronics, mobiles, and smart devices in India. | 2009 | Hyderabad, Telangana, India | USD 73.47 M | 61 | ||
Provides IoT solutions for smart lighting, asset management, and telecom software services. | 2012 | Chennai, Tamil Nadu, India | USD 1.13 M | 58 |
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Frequently Asked Questions about Veltor
Veltor was founded in 2018.
Veltor is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Veltor, Alteration Innotech Private Limited, reported revenue of ₹67,946 for FY 2019, up 2451% year on year.
Veltor delivers solutions for smart locks and keys, focusing on leveraging cutting-edge technology, hardware, security, and developing smart locks. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Veltor operates through Alteration Innotech Private Limited.
The legal entities of Veltor currently have 4 directors, including Girish Nivrutti Kumbhar, Vaibhav Dashrathbhai Patel, Nandan Kirankumar Shah and others.