About Velvex
Velvex is a Chemicals & Materials company based in Mumbai (India). Lubricant manufacturing and supply services in India. It operates in the Chemicals & Materials and Industrial Goods & Manufacturing sectors. The company has 281 employees. Its Indian entity Nandan Petrochem Limited reported revenue of ₹696 Cr. Velvex offers products and services including Diesel Engine Oil and AdBlue. Its focus areas include Manufacturing, Petrochemicals, Lubricants and Engine Oils.
Company details
Velvex, the lubricant brand of Nandan Petrochem Ltd., was launched in the Indian market in 2012 and is supported by over 30 years of industry experience. Products such as engine oils, greases, and AdBlue are developed with OEM expertise and German technology to meet automotive and industrial needs. Emphasis is placed on quality delivery at appropriate prices, while initiatives like self-reliant India are promoted through local manufacturing. Social responsibility efforts, including skill development for mechanics, are undertaken to benefit the community.
- Headquarters Mumbai, India
- Employees 281
- SectorsChemicals & MaterialsIndustrial Goods & Manufacturing
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- Legal Name Nandan Petrochem Ltd
- Date of Incorporation 05 Jun, 1992
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹696 Cr
FY 2025 · -4% YoY
- Net Profit₹17.47 Cr
FY 2025 · 3% margin
- EBITDA₹40.20 Cr
FY 2025 · 6% margin
- Employee Count281
Associated legal entities of Velvex
Velvex operates through Nandan Petrochem 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 |
|---|---|---|---|---|---|---|---|
| Nandan Petrochem Limited CIN U23201MH1992PLC067089 | Active | 05 Jun 1992 | Mumbai, Maharashtra | ₹696 Cr | 281 | 7 | View details |
Products & Services of Velvex
Velvex offers a comprehensive portfolio of products and services, including Diesel Engine Oil and AdBlue.
Diesel engine oils are manufactured for vehicle lubrication to enhance performance in various conditions.
AdBlue is supplied for use in diesel vehicles to reduce harmful emissions through catalytic processes.
Board of directors of Nandan Petrochem Limited (Velvex)
Nandan Petrochem Limited is the primary company behind Velvex. The board of Nandan Petrochem Limited currently have 6 directors; the longest-serving is Shreenarayan Agrawal, appointed in 2007. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shreenarayan Agrawal DIN 00023197 | Whole-time director | 01 Oct 2007 | 19 yrs | Nandan Petrochem Limited |
| Nandan Shreenarayan Agrawal DIN 00023260 | Managing Director | 01 Apr 2010 | 16 yrs 6 mo | Nandan Petrochem Limited |
| Radhakrishnan Sreedharan DIN 00081549 | Director | 13 Jun 2019 | 7 yrs 4 mo | Nandan Petrochem Limited |
| Hitesh Navin Vora DIN 09541191 | CFO | 24 Oct 2024 | 2 yrs | Nandan Petrochem Limited |
| Pankaj Agrawal DIN 00431194 | Additional Director | 27 Jan 2026 | 9 mo | Nandan Petrochem Limited |
| Shweta Akash Gokarn DIN 08810783 | Additional Director | 27 Jan 2026 | 9 mo | Nandan Petrochem Limited |
Financials of Velvex
Figures of Nandan Petrochem Limited, the primary company behind Velvex, for FY 2025. Revenue was ₹696 Cr (-4% year on year). Net profit was ₹17.47 Cr (3% margin). EBITDA was ₹40.20 Cr (6% margin). Revenue has grown at a compounded annual rate of +1% over three years and +14% over five years.
- ₹696 CrRevenue · FY 2025 · -4% YoY
- ₹17.47 CrNet profit · 3% margin
- ₹40.20 CrEBITDA · 6% margin
- ₹8.12 CrPaid-up capital
- 281Employees (provident fund records)
- +1%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nandan Petrochem Limited are on its company page.
Detailed financial statements for Velvex
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Top companies in Petrochemicals & Derivatives
3 companies that operate in the same segment as Velvex (Petrochemicals & Derivatives) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Produces and supplies specialty chemicals for energy, petrochemicals, and industrial applications worldwide. | 1992 | Mumbai, Maharashtra, India | USD 479.49 M | 976 | ||
Polybutene-based petrochemicals are produced by the company. | 1990 | Chennai, Tamil Nadu, India | USD 62.67 M | 194 | ||
Calcined petroleum coke, coal tar, and specialty chemicals are produced. | 1974 | Hyderabad, Telangana, India | USD 1.88 B | 2,390 |
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Frequently Asked Questions about Velvex
Velvex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Velvex has 281 employees.
The primary company behind Velvex, Nandan Petrochem Limited, reported revenue of ₹696 Cr for FY 2025, down 4% year on year.
Velvex, the lubricant brand of Nandan Petrochem Ltd., was launched in the Indian market in 2012 and is supported by over 30 years of industry experience. Products such as engine oils, greases, and AdBlue are developed with OEM expertise and German technology to meet automotive and industrial needs. Emphasis is placed on quality delivery at appropriate prices, while initiatives like self-reliant India are promoted through local manufacturing. Social responsibility efforts, including skill development for mechanics, are undertaken to benefit the community.
Velvex offers Diesel Engine Oil and AdBlue.
Velvex operates through Nandan Petrochem Limited.
The legal entities of Velvex currently have 7 directors, including Nandan Shreenarayan Agrawal, Shreenarayan Agrawal, Radhakrishnan Sreedharan and others.