About Veer Electronics Private Limited
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Veer Electronics Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the industrial testing and measurement equipment segment of the machinery and industrial equipment sector. It was incorporated on 23 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2018PTC102485. Its GSTIN is 24AAGCV4593E1Z7 (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹18.43 Lakh. It was formerly known as Veer Electronics Instrumentation Private Limited and Veer Electronics Instrumentation Privatelimited. It is led by directors including Bhaveshkumar Ramanlal Vasani (Managing Director) and Hiren Ramanlal Vasani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B/45 GIDC Electronics Estate Sector – 25 Gandhinagar, Gujarat, India – 382024.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.05 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹77.78 Lakh (net margin 6.5%) and EBITDA of ₹1.76 Cr (EBITDA margin 14.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 49% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Veer Electronics. As per MCA filings, the company has open charges of ₹3 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.74 Cr; the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Testing Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Arrdy Engineering Innovations Private Limited.
For more details, the company can be reached via its website veerelectronics.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB/45 GIDC Electronics Estate Sector – 25 Gandhinagar, Gujarat, India – 382024
- IndustryMachinery and Equipment, Industrial Testing & Measurement Equipment
- 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
- One PDF report, delivered after checkout
Business Activity of Veer Electronics Private Limited
The main business activity of Veer Electronics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Veer Electronics Private Limited FY 2024 filings available
Veer Electronics Private Limited reported revenue of ₹12.05 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Veer Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 11% growth in the latest year. EBITDA fell 1% 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 of Veer Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.76 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹77.78 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Veer Electronics Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Veer Electronics are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Veer Electronics Private Limited
Veer Electronics Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Testing Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arrdy Engineering Innovations Private Limited | •••• | •••• | •••• | •••• | - | A.P, Andhra Pradesh, India |
| Weightrack India Private Limited | •••• | •••• | •••• | •••• | 48 | Bhubaneswar, Orissa, India |
| Vishwakarma Scales Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Eip Technologies Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Compliance International Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Veer Electronics Private Limited this company | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
| Sylab Scientific Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Ips Automation Products Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Facade Clad Tech Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Seiler Garepa India Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Nextgen Life Sciences Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Veer Electronics by revenue in the Machinery and Equipment industry (Testing Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Veer Electronics Private Limited
Veer Electronics Private Limited is audited by MANALI R JAIN AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANALI R JAIN AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Veer Electronics Private Limited
Veer Electronics has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaveshkumar Ramanlal Vasani | Managing Director | 23 May 2018 | 8 Years 4 Months | Current |
| Hiren Ramanlal Vasani | Director | 23 May 2018 | 8 Years 4 Months | Current |
| Bhavik Ramanlal Vasani | Director | 23 May 2018 | 8 Years 4 Months | Current |
Ownership and Shareholding of Veer Electronics Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Veer Electronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 2023 | Others | ₹3 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Veer Electronics Private Limited
Veer Electronics Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.74 Cr; the latest was in March 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Funding round | ₹1.74 Cr | Investors: an individual |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Veer Electronics Private Limited
Veer Electronics operates one associated brand: Veer Electronics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of testing and measuring instruments for electrical industries. | veerelectronics.com |
Employees and EPFO Compliance at Veer Electronics Private Limited
Veer Electronics Private Limited has a workforce of 54 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Veer Electronics Private Limited
Veer Electronics has undergone 2 name changes throughout its history. The company was previously known as Veer Electronics Instrumentation Private Limited, and Veer Electronics Instrumentation Privatelimited. The current legal name is Veer Electronics Private Limited.
| Company Name | Status |
|---|---|
| Veer Electronics Private Limited | Current |
| Veer Electronics Instrumentation Private Limited | Previous |
| Veer Electronics Instrumentation Privatelimited | Previous |
Recent Activity on Veer Electronics Private Limited
Veer Electronics Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Bhaveshkumar Ramanlal Vasani was appointed as Managing Director on 23 May 2018.
Credit Ratings, Litigation & Regulatory Alerts for Veer Electronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Veer Electronics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Veer Electronics Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Veer Electronics Private Limited
Veer Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCV4593E1Z7 | Gujarat | Active | 21 Aug 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Veer Electronics Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Veer Electronics Private Limited
Veer Electronics is an active private limited company based in Gandhinagar, Gujarat, India. The company works in industrial testing and measurement equipment, within the machinery and equipment industry. It was incorporated on 23 May 2018 (8+ years old) and is registered under CIN U31909GJ2018PTC102485.
Veer Electronics reported revenue of ₹12.05 Cr for FY 2024 (up 11% YoY).
Veer Electronics has 3 current directors:
- Bhaveshkumar Ramanlal Vasani - Managing Director
- Hiren Ramanlal Vasani - Director
- Bhavik Ramanlal Vasani - Director
Veer Electronics reported a net profit of ₹77.78 Lakh (net margin 6.5%) and EBITDA of ₹1.76 Cr (EBITDA margin 14.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Veer Electronics is 21% over three years and 49% over five years. In the latest year (FY 2024) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Veer Electronics is 24AAGCV4593E1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Veer Electronics is U31909GJ2018PTC102485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veer Electronics was incorporated on 23 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Veer Electronics has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.74 Cr; the latest was in March 2024.
The peers of Veer Electronics by revenue are Arrdy Engineering Innovations Private Limited, Weightrack India Private Limited, Vishwakarma Scales Private Limited, Eip Technologies Private Limited, Compliance International Private Limited and 5 more, all in the Machinery and Equipment industry (Testing Equipment).
Bhaveshkumar Ramanlal Vasani was appointed as Managing Director on 23 May 2018. Bhavik Ramanlal Vasani was appointed as Director on 23 May 2018. Hiren Ramanlal Vasani was appointed as Director on 23 May 2018.