About
Basic Data Updated:
2 days ago"Introducing VE Commercial Vehicles Limited, a leading CV OEM in India. Established in 2008, the company is a joint venture between Eicher Motors Limited and AB Volvo, Sweden. With a diverse product portfolio ranging from 5–49T trucks and buses, VE Commercial Vehicles Limited is dedicated to providing top-quality vehicles under the renowned ‘VE Series’ brand. In addition to vehicle manufacturing, the company also specializes in producing auto components and Euro VI emission-compliant engines for export markets. As a testament to its excellence, VE Commercial Vehicles Limited also handles the sales and marketing of Volvo-branded trucks in India. With state-of-the-art manufacturing facilities located in Pithampur, Bhopal, Dewas, and Pithampur, the company has a combined production capacity of 1,30,000 units per annum. Headquartered in Delhi, VE Commercial Vehicles Limited is committed to delivering exceptional products and services to its customers."
Industry
Company Details
- Location
South Delhi, Delhi, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U74900DL2008PLC175032 |
| Company No. | 175032 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 07 Mar 2008 |
| Date of AGM | 16 May 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Delhi |
Products or Services related to Ve Commercial Vehicles Limited
Tank Trucks
Medium & Heavy Commercial Vehicles
Bus
Trucks
Financials of Ve Commercial Vehicles Limited
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%.
Corporate Structure
Unlock access to Ve Commercial Vehicles's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Ve Commercial Vehicles Limited
Unlock and access historical data on people associated with Ve Commercial Vehicles, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
Vinod Aggarwal
Managing DirectorAppointment Date: 07-Mar-2008
Status: Current
PJ
Praveen Jain Company SecretaryAppointment Date: 29-Apr-2011
Status: Current
KT
Ken Trolle
CFOAppointment Date: 01-May-2022
Status: Current
Board Members(7)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 31 May 2023 | ₹40.00 Cr | Open |
Hdfc Bank Limited Creation Date: 03 Mar 2021 | ₹20.00 Cr | Open |
State Bank Of India Creation Date: 23 Apr 2020 | ₹300.00 Cr | Open |
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
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Alert
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.
Related Corporates (Common Directorship)
Volvo Group India Private Limited
Active
27 years 9 months Joachim Rosenberg and Sofia Frandberg are mutual person
Eicher Motors Limited
Active 41 years 7 months Siddhartha Lal, Vinod Aggarwal and 1 more are mutual person
Recent activity within the organization
Charges
A charge with Others amounted to Rs. 40.00 cr with Charge ID 100731534 was registered on 31 May 2023.
31 May 2023Annual General Meeting
Ve Commercial Vehicles Limited last Annual general meeting of members was held on 16 May 2023 as per latest MCA records.
16 May 2023Balance Sheet
Ve Commercial Vehicles Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
31 Mar 2023Charges
A charge with Hdfc Bank Limited of Rs. 50.00 cr registered on 09 Apr 2011 with Charge ID 10284524 was modified on 18 Dec 2022.
18 Dec 2022Charges
A charge registered on 03 Mar 2021 via Charge ID 100430014 with Hdfc Bank Limited was fully satisfied on 18 Jul 2022.
18 Jul 2022
Recent News, Updates & Announcement
VECV November sales up 6 at 5194 units.Moneycontrol 01 Dec 2023
- GreenCell Mobility and VE Commercial Vehicles Join Forces.
Newsexperts 16 Sep 2023
- VE Commercial Vehicles reports 65 rise in sales at 6715 units in June.
Business Standard 03 Jul 2023
- Ve Commercial Vehicles Total Sales in April Rise 189 to 6567 Units.
Moneycontrol 01 May 2023
- Volvo Trucks India Delhivery Continue to Drive Progress in Express Logistics .
Celebrating the major milestone of handing over the 325th Volvo FM 4x2 Tractor Letter of Intent signed for additional 200 units Volvo FM 4x2.
Blogger 28 Apr 2023
Frequently asked questions
What is the Incorporation or founding date of Ve Commercial Vehicles Limited?
