MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-12-0002579
Veegrip Belts Private Limited - machinery and equipment in Vadipatti, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.98 Cr
▲ 18% YoY
Net profit · FY 2025
₹6.4 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹1.86 Cr
EBITDA margin 10.4%
Authorised capital
₹4.5 Cr
Registered with MCA
Paid-up capital
₹3.5 Cr
Issued & subscribed
Open charges
₹18.35 Cr
Satisfied ₹9.49 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
78
Provident fund records
About Veegrip Belts Private Limited
Data last updated:
Veegrip Belts Private Limited is a private limited company based in Vadipatti, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 09 November 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25199TN1988PTC016435. Its GSTIN is 33AAACP9338D1ZL (Tamil Nadu).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.5 Cr. It was formerly known as Padmalakshmi Rubber Products Private Limited and Foam Vishnu Rubber Private Limited. It is led by directors including Panneerselvam Muniyandi (Managing Director) and Priyadharshini Panneerselvam.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 78/1B3 Thiruvalavaya Nallur Nagari, Vadipatti, Tamil Nadu, India – 625221.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.98 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹6.4 Lakh (net margin 0.4%) and EBITDA of ₹1.86 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 9% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Veegrip. As per MCA filings, the company has open charges of ₹18.35 Cr and satisfied charges of ₹9.49 Cr on record.
Veegrip Belts Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-12-0002579). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veegripbelts.com.
Company details
CIN U25199TN1988PTC016435
Registration Number 016435
Incorporation Date 09 November 1988
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-12-0002579
Name history
Veegrip Belts has undergone 2 name changes throughout its history. The company was previously known as Padmalakshmi Rubber Products Private Limited, and Foam Vishnu Rubber Private Limited. The current legal name is Veegrip Belts Private Limited.
| Company Name | Status |
|---|---|
| Veegrip Belts Private Limited | Current |
| Padmalakshmi Rubber Products Private Limited | Previous |
| Foam Vishnu Rubber Private Limited | Previous |
Key People
Panneerselvam Muniyandi Managing Director Priyadharshini Panneerselvam Director Vishnuvardthini Panneerselvam Director Recognitions & Rankings of Veegrip Belts
Contact details
Veegrip Belts Private Limited's registered office is in Vadipatti, Tamil Nadu. Its website is veegripbelts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address78/1B3 Thiruvalavaya Nallur Nagari, Vadipatti, Tamil Nadu, India – 625221
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Veegrip Belts Private Limited, buy the company report.
Comprehensive company report
Veegrip Belts 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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Brands
Veegrip Belts operates one associated brand: Veegrip. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying V-Belts and Auto Belts for industries including agriculture and automobile. | veegripbelts.com |
Business activity
The main business activity of Veegrip Belts 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 Veegrip Belts Private Limited, buy the company report.
Financials of Veegrip Belts Private Limited
FY 2025 filings availableVeegrip Belts Private Limited reported revenue of ₹17.98 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹17.98 Cr ▲ 18%
Net profit · FY 2025
₹6.4 Lakh margin 0.4%
EBITDA · FY 2025
₹1.86 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 23%
5 years · compounded
▲ 9%
EBITDA CAGR growth
3 years · compounded
▲ 118%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 18% growth 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 10.4% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Veegrip Belts Private Limited, buy the company report.
Board of directors of Veegrip Belts Private Limited
Veegrip Belts has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Panneerselvam Muniyandi Also directs: Dharshini Enterprises Private Limited | Managing Director | 15 Jul 2002 | 24 Years 3 Months | Current |
| Priyadharshini Panneerselvam Also directs: Anju Rubber Factory Private Limited, Ipon Nuovo Private Limited | Director | 05 Sep 2018 | 8 Years 2 Months | Current |
| Vishnuvardthini Panneerselvam | Director | 05 Sep 2018 | 8 Years 2 Months | Current |
| Shyamala Panneselvam | Director | 03 Oct 2014 | 12 Years 1 Months | Current |
Auditor
Veegrip Belts Private Limited is audited by B PURUSHOTTAM & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B PURUSHOTTAM & CO | FY 2024 | 002808S |
Shareholding
The shareholding of Veegrip Belts Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veegrip Belts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.35 Cr
Satisfied charges
₹9.49 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2019 | 100252444 | Others | ₹18.35 Cr | Open | |
| 30 Jan 2015 | 10556427 | Idbi Bank Limited | ₹4.73 Cr | Satisfied | |
| 29 May 2010 | 10222066 | State Bank of India | ₹2.6 Cr | Satisfied | |
| 09 Jul 2003 | 90284208 | Tamiland Mercantile Bank Ltd. | ₹15 Lakh | Satisfied | |
| 12 Oct 1995 | 90283658 | Indian Bank | ₹1.06 Cr | Satisfied |
To see the full charge records of Veegrip Belts Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Veegrip Belts 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 Veegrip Belts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veegrip Belts Private Limited has a workforce of 78 employees on its EPFO records as of Jan 24, 2025, across 1 active EPFO establishment.
Employee count
78
Active EPFO establishments
1
Employee growth
41.82%
GST
Veegrip Belts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP9338D1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veegrip Belts Private Limited, buy the company report.
Recent activity
Veegrip Belts Private Limited has 13 board changes on record since 2002: 4 appointments and 9 cessations. The latest: Priyadharshini Panneerselvam was appointed as Director on 05 Sep 2018.
AGM
Veegrip Belts Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Veegrip Belts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 12 Oct 1995 via Charge ID 90283658 with Indian Bank was fully satisfied on 21 Dec 2020.
Charges
A charge registered on 08 Dec 1989 via Charge ID 90282580 with Indian Bank was fully satisfied on 21 Dec 2020.
Charges
A charge registered on 08 Dec 1989 via Charge ID 90283403 with Indian Bank was fully satisfied on 21 Dec 2020.
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.
Charges
A charge registered on 09 Jul 2003 via Charge ID 90284208 with Tamiland Mercantile Bank Ltd. was fully satisfied on 09 Jul 2020.
Charges
A charge registered on 29 May 2010 via Charge ID 10222066 with State Bank Of India was fully satisfied on 25 Jun 2019.
Charges
A charge registered on 30 Jan 2015 via Charge ID 10556427 with Idbi Bank Limited was fully satisfied on 11 Mar 2019.
Charges
A charge with Others amounted to Rs. 18.35 Cr with Charge ID 100252444 was registered on 15 Feb 2019.
Charges
A charge with Idbi Bank Limited of Rs. 4.73 Cr registered on 30 Jan 2015 with Charge ID 10556427 was modified on 10 Sep 2018.
Appointed
Priyadharshini Panneerselvam was appointed as Director.
20 earlier events are in the company report.
Frequently asked questions
Veegrip Belts is an active private limited company based in Vadipatti, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 09 November 1988 (38+ years old) and is registered under CIN U25199TN1988PTC016435.
Veegrip Belts has 4 current directors:
- Panneerselvam Muniyandi - Managing Director
- Priyadharshini Panneerselvam - Director
- Vishnuvardthini Panneerselvam - Director
- Shyamala Panneselvam - Director
The latest financial statements of Veegrip Belts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veegrip Belts is 33AAACP9338D1ZL, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Veegrip Belts is U25199TN1988PTC016435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veegrip Belts was incorporated on 09 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Chennai.
Priyadharshini Panneerselvam was appointed as Director on 05 Sep 2018. Vishnuvardthini Panneerselvam was appointed as Director on 05 Sep 2018. Muniandy Sivapackiam ceased to be Director on 03 Oct 2014. Veegrip Belts has 13 board changes on record in total.
Yes, Veegrip Belts is registered as a small enterprise under Udyam registration (number: UDYAM-TN-12-0002579).
Veegrip Belts can be reached through the website veegripbelts.com. Its registered office is in Vadipatti, Tamil Nadu, India.
The registered office of Veegrip Belts is at 781B3 Thiruvalavaya Nallur Nagari, Vadipatti, Tamil Nadu, India – 625221.
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