About Veeral Additives Private Limited
Data last updated:
Veeral Additives Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Viral Alkalis Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the plastic and resins segment of the manufacturing sector. It was incorporated on 20 September 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2007PTC174331. Its GSTIN is 27AAHCA0339A1Z9 (Maharashtra).
The company had an authorised share capital of ₹45 Cr and a paid-up capital of ₹45 Cr. It was formerly known as Mody Speciality Fine Chemicals Private Limited and Alpha Kooltherm Private Limited. It was led by directors including Vinati Saraf Mutreja and Jayesh Ajitkumar Ashar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹40.1 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹32.91 Cr (net margin -82.1%) and EBITDA of -₹24.19 Cr (EBITDA margin -60.3%).
The company had about 199 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Veeral Additives. As per MCA filings, the company had satisfied charges of ₹114.1 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹30.6 Cr; the latest was in April 2019.
The last known website on record is veeraladditives.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressParineecrescenzo 11 Thfloor 1102 Gblock Plotno.C – 38&C – 39 Bandrakurlacomplex, Bandra E, Mumbai, Maharashtra, India – 400051
- IndustryManufacturing, Plastic & Resins
- 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 Veeral Additives Private Limited
The main business activity of Veeral Additives is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Veeral Additives Private Limited FY 2023 filings available
Veeral Additives Private Limited reported revenue of ₹40.1 Cr (up 2361% YoY) for FY 2023.
Financial Statement Summary of Veeral Additives Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹40.1 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹24.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹32.91 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Veeral Additives Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -60.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -82.1% | •••• | •••• | •••• | •••• |
| 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 Veeral Additives are in the company report.
Financial statements from 2015
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.
Auditor Details of Veeral Additives Private Limited
Veeral Additives Private Limited is audited by KARNAVAT AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KARNAVAT AND CO | 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 and KMP of Veeral Additives Private Limited
Veeral Additives Private Limited currently reports 5 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinati Saraf Mutreja Also directs: Vinati Organics Limited, Viral Alkalis Limited, Suchir Chemicals Private Limited and 5 more | Director | 15 Nov 2017 | 8 Years 10 Months | As last reported |
| Jayesh Ajitkumar Ashar Also directs: Pranjay Hi-Tech Chemicals LLP | Director | 29 Jan 2021 | 5 Years 8 Months | As last reported |
| Vinod Banwarilal Saraf Also directs: Vinati Organics Limited, Viral Alkalis Limited, Suchir Chemicals Private Limited and 2 more | Director | 15 Nov 2017 | 8 Years 10 Months | As last reported |
| Parshant Mittal | Director | 15 Nov 2017 | 8 Years 10 Months | As last reported |
| Viral Mittal Saraf Also directs: Vinati Organics Limited, Viral Alkalis Limited, Suchir Chemicals Private Limited and 5 more | Director | 15 Nov 2017 | 8 Years 10 Months | As last reported |
| Suhas Krishna Pai | Company Secretary | 05 Sep 2018 | 8 Years 1 Months | As last reported |
Ownership and Shareholding of Veeral Additives 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 Veeral Additives Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2020 | Hdfc Bank Limited | ₹16.1 Cr | Satisfied |
| 18 Feb 2019 | Axis Bank Limited | ₹30 Cr | Satisfied |
| 19 Jan 2019 | Hdfc Bank Limited | ₹68 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Veeral Additives Private Limited
Veeral Additives Private Limited has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹30.6 Cr; the latest was in April 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Funding round | ₹4.49 Cr | Investors: Trigon Antioxidants Private Limited , Viral Alkalis Limited |
| Nov 2018 | Funding round | ₹25.01 Cr | Investors: Viral Alkalis Limited , Crescent Specialty Chemicals Private Limited , an individual |
| Sep 2018 | Rights issue | ₹11 Cr | Investors: Viral Alkalis Limited , Crescent Specialty Chemicals Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Mody Chemi Pharma Limited , Mody Chemi Pharma Private Limited & Bhavesh Mody Seller: Eta Engineering Private Limited , 2 individuals |
| Aug 2011 | Funding round | ₹1.1 Cr | Investors: Eta Engineering Private Limited |
Full deal history
All 5 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.
Legal Cases of Veeral Additives Private Limited
Veeral Additives Private Limited has 2 court cases on record: 2 filed by Veeral Additives. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Veeral Additives Private Limited
Veeral Additives operates one associated brand: Veeral Additives. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of antioxidants for polymers and plastics is conducted by Veeral Additives in India. | veeraladditives.com |
Employees and EPFO Compliance at Veeral Additives Private Limited
Veeral Additives Private Limited has a workforce of 199 employees as of Apr 07, 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 Veeral Additives Private Limited
Veeral Additives has undergone 2 name changes throughout its history. The company was previously known as Mody Speciality Fine Chemicals Private Limited, and Alpha Kooltherm Private Limited. The current legal name is Veeral Additives Private Limited.
| Company Name | Status |
|---|---|
| Veeral Additives Private Limited | Current |
| Mody Speciality Fine Chemicals Private Limited | Previous |
| Alpha Kooltherm Private Limited | Previous |
CIN History of Veeral Additives Private Limited
Veeral Additives has one previous CIN (Corporate Identification Number): U25209MH2007PTC174331. The current CIN is U24100MH2007PTC174331, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100MH2007PTC174331 | Current |
| U25209MH2007PTC174331 | Previous |
Recent Activity on Veeral Additives Private Limited
Veeral Additives Private Limited has 14 board changes on record since 2010: 6 appointments and 8 cessations. The latest: Jayesh Ajitkumar Ashar ceased to be Additional Director on 17 Sep 2021.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Veeral Additives 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 Veeral Additives 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 Veeral Additives 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 Veeral Additives Private Limited
Veeral Additives has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA0339A1Z9 | Maharashtra | Active | 11 Jan 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 Veeral Additives 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 Veeral Additives Private Limited
Veeral Additives has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Veeral Additives was a private limited company based in Mumbai, Maharashtra, India. The company worked in plastic and resins, within the manufacturing industry. It was incorporated on 20 September 2007 and is registered under CIN U24100MH2007PTC174331. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Veeral Additives was incorporated on 20 September 2007. It is registered with the Registrar of Companies, Mumbai.
Veeral Additives had 6 directors and KMP:
- Vinati Saraf Mutreja - Director
- Jayesh Ajitkumar Ashar - Director
- Vinod Banwarilal Saraf - Director
- Parshant Mittal - Director
- Viral Mittal Saraf - Director
- Suhas Krishna Pai - Company Secretary
The CIN (Corporate Identification Number) of Veeral Additives is U24100MH2007PTC174331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Veeral Additives is at Parineecrescenzo 11 Thfloor 1102 Gblock Plotno.C – 38&C – 39 Bandrakurlacomplex, Bandra E, Mumbai, Maharashtra, India – 400051.
Veeral Additives can be reached through the website veeraladditives.com. Its registered office is in Mumbai, Maharashtra, India.
Veeral Additives reported revenue of ₹40.1 Cr for FY 2023 (up 2361% YoY).
Veeral Additives has an authorised share capital of ₹45 Cr and a paid-up capital of ₹45 Cr.
Veeral Additives reported a net loss of ₹32.91 Cr (net margin -82.1%) and EBITDA of -₹24.19 Cr (EBITDA margin -60.3%) for FY 2023, as per its filed financial statements.