Veedol Corporation Limited - Company Profile

Q: Who are the current directors of Veedol Corporation Limited?

The current directors of Veedol Corporation Limited are Subir Das, Abhijit S Tikekar, Praveen Purushottam Kadle, Bharathi Sivaswami Sihag, Kishore Mukund Saletore, Saptarshi Ganguly, Vinod Somalal Vyas, Arijit Basu, Nitin Ramesh Gokarn, Rashmi Joshi, Durgesh Sanjivrao Chandavarkar, Ananta Mohan Singh, Upendra Vinayak Gadre, Abhijit S Tikekar.

It is a chemicals and materials public limited company based in Kolkata, West Bengal, India, established in 1921.

1921 Kolkata, West Bengal, India Active

Last Updated: January 06, 2026

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About Veedol Corporation Limited

Veedol Corporation Limited, a active public limited company, was established on 26 October 1921 in Kolkata, West Bengal, India. Engaging in petrochemicals & derivatives within the manufacturing sector, it holds CIN: L23209WB1921PLC004357. Registered under ROC Roc Kolkata. it is listed on BSE: 590005 and NSE: TIDEWATER. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹3.48 Cr.

Formerly known as Castern Oil Products Limited, Esstern Oil Products Limited. It upholds a compliant status. In 2023, it reported revenue of ₹1,528.37 Cr and a net worth of ₹684.33 Cr. Employing 500 professional, Its leadership includes Subir Das (Director), Abhijit S Tikekar (Company Secretary), Praveen Purushottam Kadle (Director). Past directors included Subir Das, Praveen Purushottam Kadle, Supratik Basu. It holds ₹99.00 Cr open charges and ₹130.50 Cr settled loans. Its latest AGM occurred on 25 August 2025, with the balance sheet filed on 31 March 2025. It is based at 8 Dr Rajendra Prasad Sarani, Kolkata, West Bengal, 700001.

Company Details

CIN/LLPIN
L23209WB1921PLC004357
Registration Number
004357
Incorporation Date
26 October 1921
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹3.48 Cr
ROC Code
Roc Kolkata
Listing Status
Listed (BSE: 590005, NSE: TIDEWATER)
Company Status
Active

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 06-01-2026
Paid Up Capital ₹ 3.48 Cr as on 06-01-2026
Company Age 104 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 99.00 Cr as on 06-01-2026
Satisfied Charges ₹ 130.50 Cr as on 06-01-2026
Revenue Growth **** 18.16% (FY 2023)
Profit Growth **** -20.36% (FY 2023)
Ebitda **** -20.64% (FY 2023)
Net Worth 1.85% (FY 2023)
Total Assets **** 4.12% (FY 2023)

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Explore comprehensive insights into Veedol Corporation 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 Veedol Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Subir Das	Director	17 Sep 2007	Current
Abhijit S Tikekar	Company Secretary	10 Nov 2025	Current
Praveen Purushottam Kadle	Director	13 Nov 2020	Current
Bharathi Sivaswami Sihag	Director	07 Apr 2021	Current
Kishore Mukund Saletore	Director	28 May 2025	Current
Vinod Somalal Vyas	Director	14 Mar 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	31 Mar 2020	Past
Pramod Abcsdd	Additional Director	08 Sep 2021	Past
Pramod Abcsdd	Company Secretary	07 Feb 2012	Past
Pramod Abcsdd	Additional Director	14 Sep 2009	Past
Pramod Abcsdd	Additional Director	11 Jun 2021	Past
Pramod Abcsdd	Director	29 Jan 2014	Past

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Financial Performance of Veedol Corporation.

Veedol Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.16% increase. The company also saw a substantial fall in profitability, with a 20.36% decrease in profit. The company's net worth moved up by a moderate rise of 1.85%.

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

********

18.16%

*******

Revenue from Operations

*******

19.61%

*******

Total Assets

*******

4.12%

*******

Profit or Loss

*******

-20.36%

*******

Net Worth

*******

1.85%

*******

EBITDA

*******

-20.64%

*******

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What is the Ownership and Shareholding Structure of Veedol Corporation?

In 2023, Veedol Corporation had a promoter holding of 57.28% and a public holding of 42.71%. 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

₹990,000,000.00

Satisfied Charges

₹1,305,000,000.00

Charges Breakdown by Lending Institutions

Citibank N.A : 45.00 Cr
Standard Chartered Bank : 20.00 Cr
Hdfc Bank Limited : 15.00 Cr
The Hongkong And Shanghai Banking Corporation Limited : 15.00 Cr
Others : 4.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Apr 2024	Standard Chartered Bank	₹20.00 Cr	Open
21 May 2013	The Hongkong And Shanghai Banking Corporation Limited	₹15.00 Cr	Open
05 Mar 2008	Hdfc Bank Limited	₹15.00 Cr	Open
10 Aug 2005	Citibank N.A	₹45.00 Cr	Open
07 Mar 2000	Others	₹4.00 Cr	Open

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How Many Employees Work at Veedol Corporation?

Veedol Corporation has a workforce of 500 employees as of Mar 28, 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 Veedol Corporation, 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 Veedol Corporation'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 Veedol Corporation

Recent Activity within the Organization

Director Appointment

Abhijit S Tikekar was appointed as a Company Secretary was appointed as a Company Secretary on 12 Nov 2025 & has been associated with this company since 3 months 20 days . was recorded as a recent event.
12 Nov 2025
Director Appointment

The activity Abhijit S Tikekar was appointed as a Company Secretary was appointed as a Company Secretary on 10 Nov 2025 & has been associated with this company since 3 months 22 days . was completed.
10 Nov 2025
Annual General Meeting

The activity Veedol Corporation Limited last Annual general meeting of members was held on 25 Aug 2025 as per latest MCA records. was completed.
25 Aug 2025
Director Appointment

Progress on Kishore Mukund Saletore was appointed as a Director was appointed as a Director on 28 May 2025 & has been associated with this company since 9 months 5 days . was documented.
28 May 2025
Director Appointment

Nitin Ramesh Gokarn was appointed as a Director was appointed as a Director on 28 May 2025 & has been associated with this company since 9 months 5 days . was recorded as a recent event.
28 May 2025
Balance Sheet

The activity Veedol Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata. was completed.
31 Mar 2025

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