About Veeyes Steelcast Private Limited
Data last updated:
Veeyes Steelcast 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 die casting and metal forming segment of the manufacturing sector. It was incorporated on 22 March 2012.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U28910TZ2012PTC018046. Its GSTIN is 33AAECV0350M1ZE (Tamil Nadu).
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was led by directors including Shanmugam Ezhilan and Ramesh.
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 India, Coimbatore, Tamil Nadu, India – 641049.
As per the financials filed for FY 2023, the company reported a revenue of ₹52 Cr, a growth of 94% compared to the previous year. For the same year it recorded a net loss of ₹73.83 Lakh (net margin -1.4%) and EBITDA of ₹1.51 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 19% over five years.
The company had about 65 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹23.44 Cr 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 Steelcast 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 India, Coimbatore, Tamil Nadu, India – 641049
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Veeyes Steelcast 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 Steelcast 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 Steelcast Private Limited, buy the company report.
Financials of Veeyes Steelcast Private Limited
FY 2023 filings availableVeeyes Steelcast Private Limited reported revenue of ₹52 Cr (up 94% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 94% growth in the latest year. EBITDA fell 15% 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 | ₹52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹73.83 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 | |||||
| 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 | 2.9% | ||||
| Net Profit Margin | -1.4% | ||||
| 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 Steelcast Private Limited, buy the company report.
Board of directors of Veeyes Steelcast Private Limited
Veeyes Steelcast has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanmugam Ezhilan | Director | 22 Mar 2012 | 14 Years 7 Months | As last reported |
| Ramesh | Director | 22 Mar 2012 | 14 Years 7 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 | 22 Mar 2012 | 14 Years 7 Months | As last reported |
| Angamuthu Shanmugam Also directs: Veeyes Alloys Private Limited, Veeyes Green Power Private Limited | Director | 22 Mar 2012 | 14 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 | 22 Mar 2012 | 14 Years 7 Months | As last reported |
Peer comparison
Veeyes Steelcast Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Die Casting), 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 |
|---|---|---|---|---|---|---|
| Versatile Alucast Private Limited | ₹53.04 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India | |||
| Cast Tech Private Limited | ₹52.8 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Nathika Casting Private Limited | ₹52.02 Cr (FY 2025) | 136.0% | Gandhinagar, Gujarat, India | |||
| Madura Steel Industries Private Limited | ₹52.01 Cr (FY 2025) | -2.0% | Dindigul, Tamil Nadu, India | |||
| Veeyes Steelcast Private Limitedthis company | ₹52 Cr (FY 2023) | -₹73.83 Lakh | -1.4% | 94.0% | 65 | Coimbatore, Tamil Nadu, India |
| Arrow Technocast (Gujarat) Pvt Ltd | ₹51.52 Cr (FY 2025) | 7.0% | Rajkot Ta- Kotda Sangani, Gujarat, India | |||
| Gujarat Technocastings Private Limited | ₹51.44 Cr (FY 2025) | -31.0% | Ahmedabad, Gujarat, India | |||
| Deepshikha Castings Private Limited | ₹51.16 Cr (FY 2025) | 30.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Veeyes Steelcast Private Limited, buy the company report.
Auditor
Veeyes Steelcast 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 Steelcast Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veeyes Steelcast Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2022 | 100610133 | State Bank of India | ₹13 Cr | Open | |
| 30 Jul 2012 | 10377614 | The South Indian Bank Limited | ₹10.44 Cr | Open |
To see the full charge records of Veeyes Steelcast Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Veeyes Steelcast Private Limited has 2 court cases on record: 2 filed by Veeyes Steelcast. 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 Steelcast 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 Steelcast Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veeyes Steelcast Private Limited has a workforce of 65 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Veeyes Steelcast has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECV0350M1ZE | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veeyes Steelcast Private Limited, buy the company report.
Recent activity
Veeyes Steelcast Private Limited has 5 board changes on record since 2012: 5 appointments. The latest: Angamuthu Shanmugam was appointed as Director on 22 Mar 2012.
Frequently asked questions
Veeyes Steelcast 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 Steelcast was a private limited company based in Coimbatore, Tamil Nadu, India. The company worked in die casting and metal forming, within the manufacturing industry. It was incorporated on 22 March 2012 and is registered under CIN U28910TZ2012PTC018046. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Veeyes Steelcast was incorporated on 22 March 2012. It is registered with the Registrar of Companies, Coimbatore.
Veeyes Steelcast had 5 directors:
- Shanmugam Ezhilan - Director
- Ramesh - Director
- Shanmugam Padmavathi - Director
- Angamuthu Shanmugam - Director
- Shanmugam Suresh - Director
The CIN (Corporate Identification Number) of Veeyes Steelcast is U28910TZ2012PTC018046. 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 Steelcast is at No 738 – 5 And 6 Athipalayam Road Chinnavedampatty Post India, Coimbatore, Tamil Nadu, India – 641049.
Veeyes Steelcast can be reached through the website veeyes.co.in. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Veeyes Steelcast 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 Steelcast is 33AAECV0350M1ZE, registered in Tamil Nadu.
Veeyes Steelcast operated in the manufacturing industry, in the die casting and metal forming segment.
The peers of Veeyes Steelcast by revenue are Versatile Alucast Private Limited, Cast Tech Private Limited, Nathika Casting Private Limited, Madura Steel Industries Private Limited, Arrow Technocast (Gujarat) Pvt Ltd and 2 more, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).