MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0028377
Veeglow Industries Private Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹35.18 Cr
▲ 113% YoY
Net loss · FY 2025
₹10.48 Cr
Net margin -29.8%
EBITDA · FY 2025
-₹30.89 Lakh
EBITDA margin -0.9%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹35.1 Cr
Issued & subscribed
Open charges
₹32.32 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
103
Provident fund records
About Veeglow Industries Private Limited
Data last updated:
Veeglow Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 21 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25200GJ2020PTC117545. Its GSTIN is 24AAHCV6812F1ZE (Gujarat).
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹35.1 Cr. It is led by directors including Nisha Sachin Ganglani and Nayankumar Ramanlal Shukla.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 102 Siddhi Vinayak Tower Off S. G. Highway Makarba, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.18 Cr, a growth of 113% compared to the previous year. For the same year it recorded a net loss of ₹10.48 Cr (net margin -29.8%) and EBITDA of -₹30.89 Lakh (EBITDA margin -0.9%). Revenue has grown at a compounded annual rate (CAGR) of 603% over three years.
The company has about 103 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32.32 Cr on record. The company has 2 deals on record (2 rights issues); the latest was in December 2022. Its 6 peer companies in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Preci Pack Private Limited with revenue of ₹38 Cr.
Veeglow Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0028377). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veeglow.com.
Company details
CIN U25200GJ2020PTC117545
Registration Number 117545
Incorporation Date 21 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0028377
Key People
Nisha Sachin Ganglani Director Nayankumar Ramanlal Shukla Director Bharat Lachmandas Ganglani Director Recognitions & Rankings of Veeglow Industries
Contact details
Veeglow Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is veeglow.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 102 Siddhi Vinayak Tower Off S. G. Highway Makarba, Ahmedabad, Gujarat, India – 380051
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Veeglow Industries Private Limited, buy the company report.
Comprehensive company report
Veeglow Industries Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Veeglow Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Veeglow Industries Private Limited, buy the company report.
Financials of Veeglow Industries Private Limited
FY 2025 filings availableVeeglow Industries Private Limited reported revenue of ₹35.18 Cr (up 113% YoY) for FY 2025.
Revenue · FY 2025
₹35.18 Cr ▲ 113%
Net loss · FY 2025
₹10.48 Cr margin -29.8%
EBITDA · FY 2025
-₹30.89 Lakh margin -0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 113%
3 years · compounded
▲ 603%
EBITDA CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 44%
Revenue has grown at a compounded annual rate (CAGR) of 603% over three years, including 113% growth in the latest year. EBITDA rose 76% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹30.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.48 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | -0.9% | ||||
| Net Profit Margin | -29.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Veeglow Industries Private Limited, buy the company report.
Board of directors of Veeglow Industries Private Limited
Veeglow Industries has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Sachin Ganglani Also directs: Veeglow Engineering Solutions Private Limited | Director | 01 May 2021 | 5 Years 6 Months | Current |
| Nayankumar Ramanlal Shukla Also directs: Veeglow Engineering Solutions Private Limited | Director | 21 Oct 2020 | 6 Years 0 Months | Current |
| Bharat Lachmandas Ganglani Also directs: Veeglow Engineering Solutions Private Limited | Director | 21 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
Veeglow Industries Private Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Preci Pack Private Limited | ₹38 Cr (FY 2024) | -36.0% | Nashik, Maharashtra, India | |||
| Ghiya Extrusions Private Limited | ₹36.64 Cr (FY 2016) | -9.0% | Kalol, Gujarat, India | |||
| MDVL Polytech Private Limited | ₹35.19 Cr (FY 2024) | 169868.0% | Lucknow, Uttar Pradesh, India | |||
| Veeglow Industries Private Limitedthis company | ₹35.18 Cr (FY 2025) | -₹10.48 Cr | -29.8% | 113.0% | 103 | Ahmedabad, Gujarat, India |
| Gold Star Pet Private Limited | ₹34.4 Cr (FY 2025) | -6.0% | Indore, Madhya Pradesh, India | |||
| Bonny Babycare Private Limited | ₹34.21 Cr (FY 2024) | 5.0% | Delhi, India | |||
| GBC Packaging Private Limited | ₹34.14 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Veeglow Industries Private Limited, buy the company report.
Auditor
Veeglow Industries Private Limited is audited by Tushar R. Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Tushar R. Shah & Associates | FY 2023 | 115878W |
Shareholding
The shareholding of Veeglow Industries Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veeglow Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹32.32 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2026 | 101217845 | Sidbi | ₹3 Cr | Open | |
| 11 Apr 2025 | 101076273 | Sidbi | ₹7.5 Cr | Open | |
| 23 Aug 2021 | 100477069 | State Bank of India | ₹21.82 Cr | Open |
To see the full charge records of Veeglow Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Veeglow Industries Private Limited has 2 deals on record (2 rights issues); the latest was in December 2022.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹2.07 Cr | Investors: an individual |
| Feb 2021 | Rights issue | ₹6.65 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Veeglow Industries Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veeglow Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veeglow Industries Private Limited has a workforce of 103 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
103
Active EPFO establishments
1
Employee growth
15.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 103 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Veeglow Industries Private Limited, buy the company report.
GST
Veeglow Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCV6812F1ZE | Gujarat | Active | 03 Nov 2020 |
To see the full GST registrations and return filing status of Veeglow Industries Private Limited, buy the company report.
Recent activity
Veeglow Industries Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Nisha Sachin Ganglani was appointed as Director on 01 May 2021.
Charges
A charge with Sidbi amounted to Rs. 3.00 Cr with Charge ID 101217845 was registered on 16 Jan 2026.
AGM
Veeglow Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 7.50 Cr with Charge ID 101076273 was registered on 11 Apr 2025.
Filing
Veeglow Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 21.82 Cr registered on 23 Aug 2021 with Charge ID 100477069 was modified on 13 Feb 2025.
Charges
A charge with State Bank Of India amounted to Rs. 21.82 Cr with Charge ID 100477069 was registered on 23 Aug 2021.
Appointed
Nisha Sachin Ganglani was appointed as Director.
Appointed
Bharat Lachmandas Ganglani was appointed as Director.
Appointed
Nayankumar Ramanlal Shukla was appointed as Director.
Incorporation
21 Oct 2020
Veeglow Industries Private Limited was registered on 21 Oct 2020 with Roc Ahmedabad & aged 6 years 23 days as per MCA records.
Frequently asked questions
Veeglow Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 21 October 2020 (6+ years old) and is registered under CIN U25200GJ2020PTC117545.
Veeglow Industries has 3 current directors:
- Nisha Sachin Ganglani - Director
- Nayankumar Ramanlal Shukla - Director
- Bharat Lachmandas Ganglani - Director
The latest financial statements of Veeglow Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Veeglow Industries is 24AAHCV6812F1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Veeglow Industries is U25200GJ2020PTC117545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veeglow Industries was incorporated on 21 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Veeglow Industries has 2 deals on record (2 rights issues); the latest was in December 2022.
The peers of Veeglow Industries by revenue are Preci Pack Private Limited, Ghiya Extrusions Private Limited, MDVL Polytech Private Limited, Gold Star Pet Private Limited, Bonny Babycare Private Limited and 1 more, all in the Packaging industry (Bottles and Caps), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Nisha Sachin Ganglani was appointed as Director on 01 May 2021. Bharat Lachmandas Ganglani was appointed as Director on 21 Oct 2020. Nayankumar Ramanlal Shukla was appointed as Director on 21 Oct 2020.
Yes, Veeglow Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0028377).
Veeglow Industries can be reached through the website veeglow.com. Its registered office is in Ahmedabad, Gujarat, India.
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