Covai Sree Velan Jewellers Private Limited - Company Profile

It is a consumer goods private limited company based in Coimbatore, Tamil Nadu, India, established in 2011.
2011 Coimbatore, Tamil Nadu, India Active
Last Updated:
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About Covai Sree Velan Jewellers Private Limited

Covai Sree Velan Jewellers Private Limited, a active private limited company, was established on 22 September 2011 in Coimbatore, Tamil Nadu, India. Engaging in watches & jewelry manufacturing within the manufacturing sector, it holds CIN: U36911TZ2011PTC017440. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹1.20 Cr and a paid-up capital of ₹1.20 Cr.

It upholds a active non-compliant status. Its leadership includes Subbannagounder Ashokan (Director), Velingiri Kandasamy (Director). Past directors included Deivasikamani Anand Kumar, Arumugam Chella Krishnan, Sellappan Palanisamy Rajendhran. It holds ₹2.50 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2015, with the balance sheet filed on 31 March 2015. It is based at Aishwarya Mahal, # 497, Crosscut Road Opp. Power House, Gandhipuram, Coimbatore, Tamil Nadu, 641012.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
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Company Details

  • CIN/LLPIN

    U36911TZ2011PTC017440

  • Registration Number

    017440

  • Incorporation Date

    22 September 2011

  • Authorized Capital

    ₹1.20 Cr

  • Paid-Up Capital

    ₹1.20 Cr

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.20 Cr
  • Paid Up Capital ₹ 1.20 Cr
  • Company Age 14 Year, 5 Months
  • Last Filing with ROC 31 Mar 2015
  • Open Charges ₹ 2.50 Cr
  • Revenue Growth **** -5.76%
  • Profit Growth **** -247.19%
  • Ebitda **** -0.63%
  • Net Worth -3.65%
  • Total Assets -7.85%
Company report

Covai Sree Velan Jewellers Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Covai Sree Velan Jewellers Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Covai Sree Velan Jewellers Private Limited?
Current Directors
Name Designation Appointment Date Status
Subbannagounder Ashokan Director 22 Sep 2011 Current
Velingiri Kandasamy Director 22 Sep 2011 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Jul 2015 Past
Pramod Abcsdd Director 31 Jul 2015 Past
Pramod Abcsdd Managing Director 31 Jul 2015 Past

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Financial Performance of Covai Sree Velan Jewellers.

Covai Sree Velan Jewellers Private Limited, for the financial year ended 2015, experienced Minor drop in revenue, with a 5.76% decrease. The company also saw a substantial fall in profitability, with a 247.19% decrease in profit. The company's net worth dipped by a decrease of 3.65%.

Covai Sree Velan Jewellers revenue growth over time
Covai Sree Velan Jewellers profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -5.76%
*******
*******
*******
*******
Revenue from Operations
*******
 -5.90%
*******
*******
*******
*******
Total Assets
*******
 -7.85%
*******
*******
*******
*******
Profit or Loss
*******
 -247.19%
*******
*******
*******
*******
Net Worth
*******
 -3.65%
*******
*******
*******
*******
EBITDA
*******
 -0.63%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Covai Sree Velan Jewellers?

In 2015, Covai Sree Velan Jewellers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹25,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • The Karur Vysya Bank Limited : 2.50 Cr
Latest Charge Details
Date Lender Amount Status
21 Mar 2012 The Karur Vysya Bank Limited ₹2.50 Cr Open

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How Many Employees Work at Covai Sree Velan Jewellers?

Covai Sree Velan Jewellers has a workforce of 0 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Covai Sree Velan Jewellers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Covai Sree Velan Jewellers's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Covai Sree Velan Jewellers
Recent Activity within the Organization
  • Annual General Meeting

    The activity Covai Sree Velan Jewellers Private Limited last Annual general meeting of members was held on 30 Sep 2015 as per latest MCA records. was completed.

  • Balance Sheet

    Progress on Covai Sree Velan Jewellers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2015 with Roc Coimbatore. was documented.

  • Charges

    The activity A charge with The Karur Vysya Bank Limited amounted to Rs. 2.50 Cr with Charge ID 10366695 was registered on 21 Mar 2012. was completed.

  • Director Appointment

    Progress on Subbannagounder Ashokan was appointed as a Director was appointed as a Director on 22 Sep 2011 & has been associated with this company since 14 years 5 months . was documented.

  • Director Appointment

    Progress on Velingiri Kandasamy was appointed as a Director was appointed as a Director on 22 Sep 2011 & has been associated with this company since 14 years 5 months . was documented.

  • Company Incorporation

    Covai Sree Velan Jewellers Private Limited was registered on 22 Sep 2011 with Roc Coimbatore & aged 14 years 5 months as per MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Covai Sree Velan Jewellers Private Limited?

The CIN of Covai Sree Velan Jewellers Private Limited is U36911TZ2011PTC017440.

Where is Covai Sree Velan Jewellers Private Limited headquartered?

Covai Sree Velan Jewellers Private Limited is headquartered at Aishwarya Mahal, # 497, Crosscut Road Opp. Power House, Gandhipuram, Coimbatore, Tamil Nadu, 641012.

When was Covai Sree Velan Jewellers Private Limited incorporated?

Covai Sree Velan Jewellers Private Limited was incorporated on 22 September 2011.

Who are the current directors of Covai Sree Velan Jewellers Private Limited?

The current directors of Covai Sree Velan Jewellers Private Limited are

What is the primary industry of Covai Sree Velan Jewellers Private Limited?

The primary industry of Covai Sree Velan Jewellers Private Limited is Manufacturing.

Is Covai Sree Velan Jewellers Private Limited a listed company?

Covai Sree Velan Jewellers Private Limited is unlisted.

What is the capital structure of Covai Sree Velan Jewellers Private Limited?

The authorized capital of Covai Sree Velan Jewellers Private Limited is ₹1.20 Cr, and the paid-up capital is ₹1.20 Cr.

What is the compliance status of Covai Sree Velan Jewellers Private Limited?

The compliance status of Covai Sree Velan Jewellers Private Limited is Active Non-Compliant.

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