About Veritek Engineering
Veritek Engineering is an Industrial Goods & Manufacturing company based in India. Manufacturing of electrical meters, relays, transformers, and inverters in India. It operates in the Industrial Goods & Manufacturing and Energy & Utilities sectors. The company has 7 employees. Its Indian entity Veritek Engineering Private Limited reported revenue of ₹33.42 Cr. Veritek Engineering offers products and services including Current Transformers and Digital Panel Meters. Its focus areas include Manufacturing, Electronics, Electrical Devices and Meters and Relays.
Company details
Veritek Engineering has been established as a provider of solutions in electrical and automation technologies, focusing on precision engineering to enhance operational efficiency and reliability. Products such as digital protection meters, power meters, and current transformers are supplied to meet industry needs globally. The company is recognized for delivering quality in areas like protection relays and on-grid inverters, with a commitment to reliability and accuracy that supports customer satisfaction. Growth into a trusted leader is noted through its manufacturing and distribution efforts.
- Headquarters India
- Employees 7
- SectorsIndustrial Goods & ManufacturingEnergy & Utilities
- Email••••••••
- Legal Name Veritek Engineering Private Limited
- Date of Incorporation 19 Feb, 1998
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹33.42 Cr
FY 2024 · +6% YoY
- Net Profit₹4.03 Cr
FY 2024 · 12% margin
- EBITDA₹6.39 Cr
FY 2024 · 19% margin
- Employee Count7
Associated legal entities of Veritek Engineering
Veritek Engineering operates through Veritek Engineering Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Veritek Engineering Private Limited CIN U28920MH1998PTC113637 | Active | 19 Feb 1998 | Mumbai, Maharashtra | ₹33.4 Cr | 7 | 2 | View details |
Products & Services of Veritek Engineering
Veritek Engineering offers a comprehensive portfolio of products and services, including Current Transformers and Digital Panel Meters.
Current transformers are utilized for measuring electrical currents in various applications, contributing to system safety and efficiency
Digital panel meters are employed for monitoring power, energy, and multifunction metrics in industrial settings
Board of directors of Veritek Engineering Private Limited (Veritek Engineering)
Veritek Engineering Private Limited is the primary company behind Veritek Engineering. The board of Veritek Engineering Private Limited currently have 2 directors; the longest-serving is Ganesh Kumar, appointed in 1998.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ganesh Kumar DIN 01446627 | Director | 19 Feb 1998 | 28 yrs 8 mo | Veritek Engineering Private Limited |
| Raakesh Mohanlal Verma DIN 00194408 | Director | 19 Feb 1998 | 28 yrs 8 mo | Veritek Engineering Private Limited |
Financials of Veritek Engineering
Figures of Veritek Engineering Private Limited, the primary company behind Veritek Engineering, for FY 2024. Revenue was ₹33.42 Cr (+6% year on year). Net profit was ₹4.03 Cr (12% margin). EBITDA was ₹6.39 Cr (19% margin). Revenue has grown at a compounded annual rate of +11% over three years and +10% over five years.
- ₹33.42 CrRevenue · FY 2024 · +6% YoY
- ₹4.03 CrNet profit · 12% margin
- ₹6.39 CrEBITDA · 19% margin
- ₹25 LakhPaid-up capital
- 7Employees (provident fund records)
- +11%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Veritek Engineering Private Limited are on its company page.
Detailed financial statements for Veritek Engineering
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
- Downloads
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Top companies in PCB & Electronic Components
3 companies that operate in the same segment as Veritek Engineering (PCB & Electronic Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufactures energy meters, monitors, and switchgear for power management and industrial applications. | 2004 | Bengaluru, Karnataka, India | ||||
Gala Precision Engineering is engaged in manufacturing precision components. | 2009 | Thane, Maharashtra, India | USD 33.25 M | 335 | ||
Electronic safety embedded systems are manufactured for railway transport. | 2002 | Bengaluru, Karnataka, India | 383 |
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Frequently Asked Questions about Veritek Engineering
Veritek Engineering is headquartered in India.
Veritek Engineering has 7 employees.
The primary company behind Veritek Engineering, Veritek Engineering Private Limited, reported revenue of ₹33.42 Cr for FY 2024, up 6% year on year.
Veritek Engineering has been established as a provider of solutions in electrical and automation technologies, focusing on precision engineering to enhance operational efficiency and reliability. Products such as digital protection meters, power meters, and current transformers are supplied to meet industry needs globally. The company is recognized for delivering quality in areas like protection relays and on-grid inverters, with a commitment to reliability and accuracy that supports customer satisfaction. Growth into a trusted leader is noted through its manufacturing and distribution efforts.
Veritek Engineering offers Current Transformers and Digital Panel Meters.
Veritek Engineering operates through Veritek Engineering Private Limited.
The legal entities of Veritek Engineering currently have 2 directors, including Ganesh Kumar, Raakesh Mohanlal Verma.