Veegrip Belts Private Limited Company Logo

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
Last Updated:

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 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 78/1B3, Thiruvalavaya Nallur, Nagari, Vadipatti, Tamil Nadu, 625221.

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 Indicators

  • Authorised Capital ₹ 4.50 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 37 Year, 23 Days
  • Last Filing with ROC 31 Mar 2024
  • 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

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

NameDesignationAppointment DateStatus
Panneerselvam MuniyandiManaging Director15 Jul 2002Current
Priyadharshini PanneerselvamDirector05 Sep 2018Current
Vishnuvardthini PanneerselvamDirector05 Sep 2018Current
Shyamala PanneselvamDirector03 Oct 2014Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddDirector-Past
Pramod AbcsddDirector03 Oct 2014Past
Pramod AbcsddDirector21 Oct 2009Past
Pramod AbcsddDirector21 Oct 2009Past
Pramod AbcsddDirector21 Oct 2009Past
Pramod AbcsddDirector04 Nov 2009Past

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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
  • 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
31.92%
Revenue from Operations
31.92%
Total Assets
-5.15%
Profit or Loss
104.36%
Net Worth
3.31%
EBITDA
84.07%

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 Indicator graph

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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

DateLenderAmountStatus
15 Feb 2019Others₹18.35 CrOpen
30 Jan 2015Idbi Bank Limited₹4.73 CrSatisfied
29 May 2010State Bank Of India₹2.60 CrSatisfied
09 Jul 2003Tamiland Mercantile Bank Ltd.₹1.50 MSatisfied
12 Oct 1995Indian Bank₹1.06 CrSatisfied

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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 growth trends for Veegrip Belts Private Limited

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.

Latest Updates, News, and FAQs on Veegrip Belts

Recent Activity within the Organization

  • Annual General Meeting

    Veegrip Belts Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Veegrip Belts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was recorded as a recent event.

  • 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 90283403 with Indian Bank was fully satisfied on 21 Dec 2020. was recorded as a recent event.

  • 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

    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 recorded as a recent event.

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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