Veet Rag Exploration & Minerals Private Limited
About Veet Rag Exploration & Minerals Private Limited
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Veet Rag Exploration & Minerals Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 20 September 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2000PTC128791. Its GSTIN is 27AABCV6444M1ZV (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Veet Rag Homes Private Limited. It is led by directors Smarajit Dey (Managing Director) and Praveen Kumar Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 267 Ganesh Phadnavis Bhawanopp Triangular Park Dharampeth, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.97 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.26 Cr (net margin 35.4%) and EBITDA of ₹18.63 Cr (EBITDA margin 64.3%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 216% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹35 Cr on record. Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Veet Rag Exploration & Minerals Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address267 Ganesh Phadnavis Bhawanopp Triangular Park Dharampeth, Nagpur, Maharashtra, India – 440010
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Veet Rag Exploration & Minerals Private Limited, buy the company report.
- 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
Business activity
The main business activity of Veet Rag Exploration & Minerals is mining and quarrying. In detail, this covers mining of coal and lignite.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | 05 | Mining of coal and lignite |
To see the full business activity and turnover split of Veet Rag Exploration & Minerals Private Limited, buy the company report.
Financials of Veet Rag Exploration & Minerals Private Limited
FY 2025 filings availableVeet Rag Exploration & Minerals Private Limited reported revenue of ₹28.97 Cr (up 156% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 216% over five years, including 156% 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 |
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| EBITDA | ₹18.63 Cr | ||||
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| Net Profit (PAT) | ₹10.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 64.3% | ||||
| Net Profit Margin | 35.4% | ||||
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To see the full financial statements and ratios of Veet Rag Exploration & Minerals Private Limited, buy the company report.
Board of directors of Veet Rag Exploration & Minerals Private Limited
Veet Rag Exploration & Minerals has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Kumar Jain | Director | 13 Feb 2025 | 1 Years 8 Months | Current |
| Smarajit Dey | Managing Director | 06 May 2024 | 2 Years 5 Months | Current |
Auditor
Veet Rag Exploration & Minerals Private Limited is audited by R S BHATTAD & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S BHATTAD & ASSOCIATES | FY 2021 | 135948W |
Shareholding
The shareholding of Veet Rag Exploration & Minerals Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Veet Rag Exploration & Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Mar 2007 | 10040050 | Abhyudaya Co-Op. Bank Limited | ₹35 Cr | Satisfied |
To see the full charge records of Veet Rag Exploration & Minerals Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Veet Rag Exploration & Minerals Private Limited has 12 court cases on record: 8 filed by Veet Rag Exploration & Minerals, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 0 |
| High courts | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3400-Mines, Minerals And Mining Leases) | Filed against the company by M/S Aakash Universal Ltd. | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against The Secretary, Govt. of Maharashtra, Mumbai and Others | Disposed |
| District court, Nagpur, Maharashtra | Court case (R.C.C.) | Filed against the company by Asst. Commissioner of Income Tax | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Secretary, Govt. of Maharashtra, Mumbai and Others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India and Ors | Disposed |
To see the full case history of Veet Rag Exploration & Minerals Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veet Rag Exploration & Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veet Rag Exploration & Minerals Private Limited has a workforce of 5 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Veet Rag Exploration & Minerals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV6444M1ZV | Maharashtra | Active | 30 Jun 2018 |
To see the full GST registrations and return filing status of Veet Rag Exploration & Minerals Private Limited, buy the company report.
Recent activity
Veet Rag Exploration & Minerals Private Limited has 30 board changes on record since 2000: 16 appointments and 14 cessations. The latest: Chetan Kumar Jain ceased to be Director on 13 Feb 2025.
23 earlier events are in the company report.
Frequently asked questions
Veet Rag Exploration & Minerals is an active private limited company based in Nagpur, Maharashtra, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 20 September 2000 (26+ years old) and is registered under CIN U45200MH2000PTC128791.
Veet Rag Exploration & Minerals has 2 current directors:
- Smarajit Dey - Managing Director
- Praveen Kumar Jain - Director
The latest financial statements of Veet Rag Exploration & Minerals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veet Rag Exploration & Minerals is 27AABCV6444M1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Veet Rag Exploration & Minerals is U45200MH2000PTC128791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veet Rag Exploration & Minerals has 12 court cases on record: 8 filed by the company and 4 filed against it. Most are in the district courts.
Veet Rag Exploration & Minerals was incorporated on 20 September 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Chetan Kumar Jain ceased to be Director on 13 Feb 2025. Praveen Kumar Jain was appointed as Director on 13 Feb 2025. Chandrashekhar Singh ceased to be Managing Director on 15 May 2024. Veet Rag Exploration & Minerals has 30 board changes on record in total.
The registered office of Veet Rag Exploration & Minerals is at 267 Ganesh Phadnavis Bhawanopp Triangular Park Dharampeth, Nagpur, Maharashtra, India – 440010.
Veet Rag Exploration & Minerals operates in the metals and minerals industry, in the mining and mineral extraction segment.