Ve Commercial Vehicles Limited - Company Profile

It is a automotive public limited company based in New Delhi, Delhi, India, established in 2008.

2008 New Delhi, Delhi, India Active

Last Updated: December 24, 2025

About Ve Commercial Vehicles Limited

Ve Commercial Vehicles Limited, a active public limited company, was established on 07 March 2008 in New Delhi, Delhi, India. Engaging in commercial vehicles & fleet within the manufacturing sector, it holds CIN: U74900DL2008PLC175032. Registered under ROC Roc Delhi. it is unlisted. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹10.00 Cr.

Formerly known as Eicher Motors India Limited. It upholds a compliant status. Employing 5,707 professional, Its leadership includes Lila Firoz Poonawalla (Director), Siddhartha Vikram Lal (Director), Vinod Kumar Aggarwal (Ceo). Past directors included Karl Axel Joachim Hjerpe, Mrityunjaya Singh, Kamal Bali. It holds ₹795.00 Cr open charges and ₹584.01 Cr settled loans. Its latest AGM occurred on 12 June 2025, with the balance sheet filed on 31 March 2025. It is based at 3Rd Floor-Select Citywalk A-3 District Centre, Saket, New Delhi, Delhi, 110017.

Company Details

CIN/LLPIN
U74900DL2008PLC175032
Registration Number
175032
Incorporation Date
07 March 2008
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹10.00 Cr
ROC Code
Roc Delhi
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 24-12-2025
Paid Up Capital ₹ 10.00 Cr as on 24-12-2025
Company Age 18 Year, 7 Days
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 795.00 Cr as on 24-12-2025
Satisfied Charges ₹ 584.01 Cr as on 24-12-2025
Revenue Growth **** 49.50% (FY 2023)
Profit Growth **** 437.30% (FY 2023)
Ebitda **** 92.34% (FY 2023)
Net Worth 13.74% (FY 2023)
Total Assets **** 27.22% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Ve Commercial Vehicles 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 Ve Commercial Vehicles Limited?

Current Directors

Name	Designation	Appointment Date	Status
Lila Firoz Poonawalla	Director	30 Mar 2015	Current
Siddhartha Vikram Lal	Director	07 Mar 2008	Current
Vinod Kumar Aggarwal	Ceo	01 Jul 2010	Current
Sofia Helena Frandberg	Director	09 May 2023	Current
Jan Peter Hjelmgren	Director	08 Feb 2024	Current
Raul Rai	Director	26 May 2008	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	03 Feb 2012	Past
Pramod Abcsdd	Alternate Director	21 Jul 2010	Past
Pramod Abcsdd	Alternate Director	10 Aug 2017	Past
Pramod Abcsdd	Additional Director	04 Jun 2020	Past
Pramod Abcsdd	Additional Director	26 May 2021	Past
Pramod Abcsdd	Director	26 May 2008	Past

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Financial Performance of Ve Commercial Vehicles.

Ve Commercial Vehicles Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 49.5% increase. The company also saw a substantial improvement in profitability, with a 437.3% increase in profit. The company's net worth Soared by an impressive increase of 13.74%.

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

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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

********

49.50%

*******

Revenue from Operations

*******

49.21%

*******

Total Assets

*******

27.22%

*******

Profit or Loss

*******

437.30%

*******

Net Worth

*******

13.74%

*******

EBITDA

*******

92.34%

*******

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What is the Ownership and Shareholding Structure of Ve Commercial Vehicles?

In 2023, Ve Commercial Vehicles had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹7,950,000,000.00

Satisfied Charges

₹5,840,050,000.00

Charges Breakdown by Lending Institutions

Others : 455.00 Cr
State Bank Of India : 250.00 Cr
Hdfc Bank Limited : 50.00 Cr
Standard Chartered Bank : 40.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
09 Aug 2024	Others	₹275.00 Cr	Open
23 Apr 2020	State Bank Of India	₹250.00 Cr	Open
09 Apr 2011	Hdfc Bank Limited	₹50.00 Cr	Open
17 Mar 2009	Others	₹100.00 Cr	Open
31 Dec 2008	Others	₹80.00 Cr	Open

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How Many Employees Work at Ve Commercial Vehicles?

Ve Commercial Vehicles has a workforce of 5707 employees as of Apr 06, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Ve Commercial Vehicles, 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 Ve Commercial Vehicles's trajectory.

Rating

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

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 Ve Commercial Vehicles

Recent Activity within the Organization

Charges

Progress on A charge registered on 03 Mar 2021 via Charge ID 100430013 with Hdfc Bank Limited was fully satisfied on 24 Sep 2025. was documented.
24 Sep 2025
Charges

The activity A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 09 Apr 2011 with Charge ID 10284524 was modified on 10 Sep 2025. was completed.
10 Sep 2025
Charges

The activity A charge with Others of Rs. 275.00 Cr registered on 09 Aug 2024 with Charge ID 100968659 was modified on 20 Aug 2025. was completed.
20 Aug 2025
Charges

The activity A charge with State Bank Of India of Rs. 250.00 Cr registered on 23 Apr 2020 with Charge ID 100336813 was modified on 14 Jul 2025. was completed.
14 Jul 2025
Annual General Meeting

The activity Ve Commercial Vehicles Limited last Annual general meeting of members was held on 12 Jun 2025 as per latest MCA records. was completed.
12 Jun 2025
Director Appointment

Progress on Bruno Roger Michel Blin was appointed as a Director was appointed as a Director on 06 May 2025 & has been associated with this company since 10 months 8 days . was documented.
06 May 2025

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