About Veeyes Foundry Private Limited
Data last updated:
Veeyes Foundry Private Limited was a private limited company based in Coimbatore, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the wind energy solutions segment of the environmental services sector. It was incorporated on 07 July 1995.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27310TZ1995PTC006322. Its GSTIN is 33AABCV0659A1ZU (Tamil Nadu).
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.96 Cr. It was led by directors including Angamuthu Shanmugam (Managing Director) and Shanmugam Ezhilan.
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 No 7/38 – 5 And 6 Athipalayam Road Chinnavedampatty Post, Coimbatore, Tamil Nadu, India – 641049.
As per the financials filed for FY 2023, the company reported a revenue of ₹87.15 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net loss of ₹3.2 Cr (net margin -3.7%) and EBITDA of -₹2.46 Cr (EBITDA margin -2.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 7% over five years.
As per MCA filings, the company had satisfied charges of ₹59.48 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is veeyes.co.in.
Company details
Contact details
Veeyes Foundry Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is veeyes.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 7/38 – 5 And 6 Athipalayam Road Chinnavedampatty Post, Coimbatore, Tamil Nadu, India – 641049
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Veeyes Foundry 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 Veeyes Foundry is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Veeyes Foundry Private Limited, buy the company report.
Financials of Veeyes Foundry Private Limited
FY 2023 filings availableVeeyes Foundry Private Limited reported revenue of ₹87.15 Cr (up 56% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 56% growth in the latest year. EBITDA rose 69% 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 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 | ₹87.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.2 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.8% | ||||
| Net Profit Margin | -3.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Veeyes Foundry Private Limited, buy the company report.
Board of directors of Veeyes Foundry Private Limited
Veeyes Foundry has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanmugam Ezhilan | Director | 07 Jul 1995 | 31 Years 3 Months | As last reported |
| Shanmugam Padmavathi Also directs: Veeyes Dental Care LLP, Veeyes Alloys Private Limited, Veeyes Renewable Energy India Private Limited and 1 more | Director | 28 Jan 2013 | 13 Years 9 Months | As last reported |
| Angamuthu Shanmugam Also directs: Veeyes Alloys Private Limited, Veeyes Green Power Private Limited | Managing Director | 11 Mar 1998 | 28 Years 7 Months | As last reported |
| Shanmugam Suresh Also directs: Veeyes Alloys Private Limited, Veeyes Renewable Energy India Private Limited, Veeyes Green Power Private Limited and 1 more | Director | 20 Jan 2022 | 4 Years 9 Months | As last reported |
Peer comparison
Veeyes Foundry Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Die Casting, Wind Power), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Malati Founders Private Limited | ₹87.99 Cr (FY 2025) | 3.0% | Kolhapur, Maharashtra, India | |||
| Veeyes Foundry Private Limitedthis company | ₹87.15 Cr (FY 2023) | -₹3.2 Cr | -3.7% | 56.0% | Coimbatore, Tamil Nadu, India | |
| Shree Hans Alloys Limited | ₹86.89 Cr (FY 2024) | 19.0% | Dholka, Gujarat, India | |||
| Tikmany Steel Forgings Pvt. Ltd. | ₹86.63 Cr (FY 2024) | 19.0% | Howrah, West Bengal, India | |||
| Jagdamba Liquified Steels Limited | ₹86.53 Cr (FY 2020) | -30.0% | New Delhi, Delhi, India | |||
| Deffree Engineering Private Limited | ₹86.48 Cr (FY 2025) | 26.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Veeyes Foundry Private Limited, buy the company report.
Auditor
Veeyes Foundry Private Limited is audited by P.S.SITARAM for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.S.SITARAM | FY 2023 | 023033 |
Shareholding
The shareholding of Veeyes Foundry Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veeyes Foundry Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2021 | 100472476 | Hdfc Bank Limited | ₹9.48 Lakh | Satisfied | |
| 29 Oct 2011 | 10315431 | Reliance Capital Ltd | ₹50 Lakh | Satisfied |
To see the full charge records of Veeyes Foundry Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Veeyes Foundry Private Limited has 2 court cases on record: 2 filed by Veeyes Foundry. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company against Income Tax Department | Disposed |
To see the full case history of Veeyes Foundry 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 Veeyes Foundry Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veeyes Foundry has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV0659A1ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veeyes Foundry Private Limited, buy the company report.
Recent activity
Veeyes Foundry Private Limited has 7 board changes on record since 1995: 4 appointments and 3 cessations. The latest: Shanmugam Suresh ceased to be Additional Director on 29 Sep 2022.
3 earlier events are in the company report.
Frequently asked questions
Veeyes Foundry 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.
Veeyes Foundry was a private limited company based in Coimbatore, Tamil Nadu, India. The company worked in wind energy solutions, within the environment industry. It was incorporated on 07 July 1995 and is registered under CIN U27310TZ1995PTC006322. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Veeyes Foundry was incorporated on 07 July 1995. It is registered with the Registrar of Companies, Coimbatore.
Veeyes Foundry had 4 directors:
- Angamuthu Shanmugam - Managing Director
- Shanmugam Ezhilan - Director
- Shanmugam Padmavathi - Director
- Shanmugam Suresh - Director
The CIN (Corporate Identification Number) of Veeyes Foundry is U27310TZ1995PTC006322. 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 Veeyes Foundry is at No 738 – 5 And 6 Athipalayam Road Chinnavedampatty Post, Coimbatore, Tamil Nadu, India – 641049.
Veeyes Foundry can be reached through the website veeyes.co.in. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Veeyes Foundry on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Veeyes Foundry is 33AABCV0659A1ZU, registered in Tamil Nadu.
Veeyes Foundry operated in the environment industry, in the wind energy solutions segment.
The peers of Veeyes Foundry by revenue are Malati Founders Private Limited, Shree Hans Alloys Limited, Tikmany Steel Forgings Pvt. Ltd, Jagdamba Liquified Steels Limited, Deffree Engineering Private Limited, all in the Cleantech industry (Die Casting, Wind Power), with the same principal business activity (metal and metal products).
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