Veegrip Belts Private Limited - Company Profile

It is a machinery and equipment private limited company based in Vadipatti, Tamil Nadu, India, established in 1988.
1988 Vadipatti, Tamil Nadu, India Active
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About Veegrip Belts Private Limited

Veegrip Belts Private Limited, a active private limited company, was established on 09 November 1988 in Vadipatti, Tamil Nadu, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U25199TN1988PTC016435. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹4.50 Cr and a paid-up capital of ₹3.50 Cr.

Formerly known as Padmalakshmi Rubber Products Private Limited, Foam Vishnu Rubber Private Limited. It upholds a compliant status. Employing 78 professional, Its leadership includes Panneerselvam Muniyandi (Managing Director), Priyadharshini Panneerselvam (Director), Vishnuvardthini Panneerselvam (Director). Past directors included Muniyandi Chandrasekaran, Panneerselvam Muniyandi, Muniyandi Krishnan. It holds ₹18.35 Cr open charges and ₹9.49 Cr settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at 78/1B3, Thiruvalavaya Nallur, Nagari, Vadipatti, Tamil Nadu, 625221.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U25199TN1988PTC016435

  • Registration Number

    016435

  • Incorporation Date

    09 November 1988

  • Authorized Capital

    ₹4.50 Cr

  • Paid-Up Capital

    ₹3.50 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 37 Year, 3 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 18.35 Cr
  • Satisfied Charges ₹ 9.49 Cr
  • Revenue Growth **** 31.92%
  • Profit Growth **** 104.36%
  • Ebitda **** 84.07%
  • Net Worth 3.31%
  • Total Assets -5.15%
Company report

Veegrip Belts Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Veegrip Belts Private 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 Veegrip Belts Private Limited?
Current Directors
Name Designation Appointment Date Status
Panneerselvam Muniyandi Managing Director 15 Jul 2002 Current
Priyadharshini Panneerselvam Director 05 Sep 2018 Current
Vishnuvardthini Panneerselvam Director 05 Sep 2018 Current
Shyamala Panneselvam Director 03 Oct 2014 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director - Past
Pramod Abcsdd Director 03 Oct 2014 Past
Pramod Abcsdd Director 21 Oct 2009 Past
Pramod Abcsdd Director 21 Oct 2009 Past
Pramod Abcsdd Director 21 Oct 2009 Past
Pramod Abcsdd Director 04 Nov 2009 Past

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Financial Performance of Veegrip Belts.

Veegrip Belts Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 31.92% increase. The company also saw a substantial improvement in profitability, with a 104.36% increase in profit. The company's net worth moved up by a moderate rise of 3.31%.

Veegrip Belts revenue growth over time
Veegrip Belts profit and loss trends over time
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
  • 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
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 31.92%
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Revenue from Operations
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 31.92%
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Total Assets
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 -5.15%
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Profit or Loss
*******
 104.36%
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Net Worth
*******
 3.31%
*******
*******
*******
*******
EBITDA
*******
 84.07%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Veegrip Belts?

Unlock access to Veegrip Belts'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.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹183,500,000.00

Satisfied Charges

₹94,921,000.00

Charges Breakdown by Lending Institutions
  • Others : 18.35 Cr
Latest Charge Details
Date Lender Amount Status
15 Feb 2019 Others ₹18.35 Cr Open
30 Jan 2015 Idbi Bank Limited ₹4.73 Cr Satisfied
29 May 2010 State Bank Of India ₹2.60 Cr Satisfied
09 Jul 2003 Tamiland Mercantile Bank Ltd. ₹1.50 M Satisfied
12 Oct 1995 Indian Bank ₹1.06 Cr Satisfied

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How Many Employees Work at Veegrip Belts?

Veegrip Belts has a workforce of 78 employees as of Jan 24, 2025. 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Veegrip Belts, 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 Veegrip Belts's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Veegrip Belts
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Veegrip Belts Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Veegrip Belts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was documented.

  • Charges

    The activity A charge registered on 12 Oct 1995 via Charge ID 90283658 with Indian Bank was fully satisfied on 21 Dec 2020. was completed.

  • Charges

    A charge registered on 08 Dec 1989 via Charge ID 90282580 with Indian Bank was fully satisfied on 21 Dec 2020. was recorded as a recent event.

  • Charges

    The activity A charge registered on 08 Dec 1989 via Charge ID 90283403 with Indian Bank was fully satisfied on 21 Dec 2020. was completed.

  • Charges

    The activity A charge with Others of Rs. 18.35 Cr registered on 15 Feb 2019 with Charge ID 100252444 was modified on 22 Jul 2020. was completed.

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Frequently Asked Questions
What is the CIN of Veegrip Belts Private Limited?

The CIN of Veegrip Belts Private Limited is U25199TN1988PTC016435.

Where is Veegrip Belts Private Limited headquartered?

Veegrip Belts Private Limited is headquartered at 78/1B3, Thiruvalavaya Nallur, Nagari, Vadipatti, Tamil Nadu, 625221.

When was Veegrip Belts Private Limited incorporated?

Veegrip Belts Private Limited was incorporated on 09 November 1988.

Who are the current directors of Veegrip Belts Private Limited?

The current directors of Veegrip Belts Private Limited are

What is the primary industry of Veegrip Belts Private Limited?

The primary industry of Veegrip Belts Private Limited is Manufacturing.

Is Veegrip Belts Private Limited a listed company?

Veegrip Belts Private Limited is unlisted.

What is the capital structure of Veegrip Belts Private Limited?

The authorized capital of Veegrip Belts Private Limited is ₹4.50 Cr, and the paid-up capital is ₹3.50 Cr.

What is the compliance status of Veegrip Belts Private Limited?

The compliance status of Veegrip Belts Private Limited is Compliant.

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