About Vels Studios and Entertainment Private Limited
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Vels Studios and Entertainment Private Limited is a private limited company based in Bidadi, Karnataka, India, a subsidiary of Vels Film International Limited. It operates in the entertainment venues and properties segment of the events and entertainment sector. It was incorporated on 16 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2003PTC032578. Its GSTIN is 29AABCI3049K1ZD (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹146.95 Cr and a paid-up capital of ₹104.68 Cr. It was formerly known as Innovative Studios Private Limited. It is led by directors including Kadhirvelan Ganesh Kushmitha and Isari Arthi Ganesh.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 24 And 26 Bidadi Industrial Area Ramanagaram District, Karnataka, India – 562109.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.22 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹20.81 Cr (net margin -59.1%) and EBITDA of ₹1.76 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 142% over three years and 24% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹75.18 Cr and satisfied charges of ₹20.88 Cr on record. Court records list 363 cases involving the company, including 68 filed by the company and 297 filed against it; 92 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jollywood.co.in.
Company details
CIN history
Vels Studios and Entertainment has one previous CIN (Corporate Identification Number): U09213KA2003PTC032578. The current CIN is U74110KA2003PTC032578, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2003PTC032578 | Current |
| U09213KA2003PTC032578 | Previous |
Contact details
Vels Studios and Entertainment Private Limited's registered office is in Bidadi, Karnataka. Its website is jollywood.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 24 And 26 Bidadi Industrial Area Ramanagaram District, Karnataka, India – 562109
- IndustryEvents and Entertainment, Entertainment Venues & Properties
To see the full contact details of Vels Studios and Entertainment Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Vels Studios and Entertainment is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities |
To see the full business activity and turnover split of Vels Studios and Entertainment Private Limited, buy the company report.
Financials of Vels Studios and Entertainment Private Limited
FY 2025 filings availableVels Studios and Entertainment Private Limited reported revenue of ₹35.22 Cr (up 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 22% growth in the latest year. EBITDA rose 207% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹35.22 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹1.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.81 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | -59.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Vels Studios and Entertainment Private Limited, buy the company report.
Board of directors of Vels Studios and Entertainment Private Limited
Vels Studios and Entertainment has 5 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kadhirvelan Ganesh Kushmitha | Director | 23 Aug 2021 | 5 Years 2 Months | Current |
| Isari Arthi Ganesh | Director | 08 Feb 2021 | 5 Years 8 Months | Current |
| Prakash Palani Also directs: Navigator Systems Private Limited | Director | 05 Jun 2023 | 3 Years 4 Months | Current |
| Preethaa Ganesh Also directs: Vels Film International Limited, Vels Innovation Council | Director | 21 Jul 2021 | 5 Years 3 Months | Current |
| Ishari Ganesh Kadhirvelan | Director | 08 Feb 2021 | 5 Years 8 Months | Current |
Auditor
Vels Studios and Entertainment Private Limited is audited by M O J & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M O J & Associates | FY 2025 | 015425S |
Shareholding
The shareholding of Vels Studios and Entertainment Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vels Studios and Entertainment Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2022 | 100585204 | Others | ₹15 Cr | Open | |
| 21 May 2022 | 100585206 | Others | ₹15 Cr | Open | |
| 21 May 2022 | 100585210 | Others | ₹15 Cr | Open | |
| 21 May 2022 | 100585212 | Others | ₹15 Cr | Open | |
| 21 May 2022 | 100585214 | Others | ₹15 Cr | Open |
To see the full charge records of Vels Studios and Entertainment Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Vels Studios and Entertainment Private Limited has 363 court cases on record: 68 filed by Vels Studios and Entertainment, 297 filed against it. 92 cases are pending and 271 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 233 | 209 | 33 |
| High courts | 112 | 72 | 52 |
| NCLAT | 14 | 13 | 7 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 363)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by M/S. Rajesh Exports Ltd., RPTD. by R M Nanjunda Swamy | Pending |
| Bombay High Court | Writ petition | Filed against the company by M/S. Cosmo Electro Industries Pvt. Ltd. Through Its Authorised Presentative | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against M/S. Suresh Productions Entertainment LLP and 5 others | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Aakruti Nirmiti Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Diligent Media Corporation Limited and 1 other | Disposed |
To see the full case history of Vels Studios and Entertainment Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vels Studios and Entertainment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vels Studios and Entertainment Private Limited has a workforce of 62 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
GST
Vels Studios and Entertainment has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI3049K1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vels Studios and Entertainment Private Limited, buy the company report.
Recent activity
Vels Studios and Entertainment Private Limited has 22 board changes on record since 2017: 5 appointments and 17 cessations. The latest: Sivakumar Rangasamy ceased to be Additional Director on 26 Sep 2024.
31 earlier events are in the company report.
News
Frequently asked questions
Vels Studios and Entertainment is an active private limited company based in Bidadi, Karnataka, India. The company works in entertainment venues and properties, within the events and entertainment industry. It was incorporated on 16 September 2003 (23+ years old) and is registered under CIN U74110KA2003PTC032578.
Vels Studios and Entertainment has 5 current directors:
- Kadhirvelan Ganesh Kushmitha - Director
- Isari Arthi Ganesh - Director
- Prakash Palani - Director
- Preethaa Ganesh - Director
- Ishari Ganesh Kadhirvelan - Director
The latest financial statements of Vels Studios and Entertainment on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vels Studios and Entertainment is 29AABCI3049K1ZD, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vels Studios and Entertainment is U74110KA2003PTC032578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vels Studios and Entertainment has 363 court cases on record: 68 filed by the company and 297 filed against it. 92 are pending. Most are in the district courts.
Vels Studios and Entertainment was incorporated on 16 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Sivakumar Rangasamy ceased to be Additional Director on 26 Sep 2024. Prakash Palani ceased to be Additional Director on 19 Sep 2023. Sankara Mudaliar Jagadeesan ceased to be Additional Director on 19 Sep 2023. Vels Studios and Entertainment has 22 board changes on record in total.
Vels Studios and Entertainment can be reached through the website jollywood.co.in. Its registered office is in Bidadi, Karnataka, India.
The registered office of Vels Studios and Entertainment is at Plot No. 24 And 26 Bidadi Industrial Area Ramanagaram District, Karnataka, India – 562109.