About Vega Auto Accessories Limited
Data last updated:
Vega Auto Accessories Limited is a public limited company based in Belgaum, Karnataka, India, a subsidiary of Vega Funmobiles Private Limited. It operates in the security products segment of the manufacturing sector. It was incorporated on 31 May 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35999KA1982PLC004792. Its GSTIN is 29AAACV6543N1ZQ (Karnataka). The company holds 11 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹22.44 Cr. It is led by directors including Girdhari Premraj Chindak (Managing Director) and Dilip Premraj Chindak (Managing Director).
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.12B Sy. No.342 (Old 690) Bemciel Industrial Estate Udyambag, Belgaum, Karnataka, India – 590008.
As per the financials filed for FY 2024, the company reported a revenue of ₹505.39 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹49.81 Cr (net margin 9.9%) and EBITDA of ₹96.98 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
The company has about 1,593 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Axorhelmets and Vega Auto Accessories. As per MCA filings, the company has open charges of ₹186.51 Cr and satisfied charges of ₹13.23 Cr on record. Court records list 37 cases involving the company, including 21 filed by the company and 15 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹6 Lakh; the latest was in May 2023. Its 10 peer companies in the Manufacturing industry (Auto, Security Products) are compared by revenue, 5 larger and 5 smaller; the largest is Kothari Auto Wheels Private Limited with revenue of ₹527.09 Cr. The company has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 626 overdue payments to 53 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegaauto.com.
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- Registered AddressPlot No.12B Sy. No.342 (Old 690) Bemciel Industrial Estate Udyambag, Belgaum, Karnataka, India – 590008
- IndustryManufacturing, Security Products
- 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 Vega Auto Accessories Limited
The main business activity of Vega Auto Accessories is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Vega Auto Accessories Limited FY 2024 filings available
Vega Auto Accessories Limited reported revenue of ₹505.39 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vega Auto Accessories Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 9% growth in the latest year. EBITDA rose 13% 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 Vega Auto Accessories 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 | ₹96.98 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹49.81 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 Vega Auto Accessories Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.9% | •••• | •••• | •••• | •••• |
| 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 Vega Auto Accessories 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.
Peer Comparison of Vega Auto Accessories Limited
Vega Auto Accessories Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Auto, Security Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kothari Auto Wheels Private Limited | ₹527.09 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Pune, Maharashtra, India |
| Om Metals Auto Private Limited | ₹524.25 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Jaipur, Rajasthan, India |
| Mohan Auto Industries Private Limited | ₹522.45 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolhapur, Maharashtra, India |
| Mallcom (India) Ltd Listed | ₹515.68 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Kolkata, West Bengal, India |
| Vega Funmobiles Private Limited | ₹505.59 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Belgaum, Karnataka, India |
| Vega Auto Accessories Limited this company | ₹505.39 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Belgaum, Karnataka, India |
| A Auto Movers Private Limited | ₹500.4 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Uttar Pradesh, India |
| NVH India Anantapur Auto Parts Private Limited | ₹497.61 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Penukonda, Andhra Pradesh, India |
| Zenica Auto Services Private Limited | ₹494.45 Cr (FY 2017) | •••• | •••• | -24.0% | •••• | Gurgaon, Haryana, India |
| Sakthi Auto Ancillary Private Limited | ₹490.31 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Tamil Nadu, India |
| Auto Hangar (India) Private Limited | ₹485.26 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vega Auto Accessories by revenue in the Manufacturing industry (Auto, Security Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors and KMP of Vega Auto Accessories Limited
Vega Auto Accessories Limited currently reports 6 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girdhari Premraj Chindak Also directs: Axor Composites Private Limited, Vega Funmobiles Private Limited, Adam Realty Partners Private Limited and 5 more | Managing Director | 01 Nov 1991 | 34 Years 11 Months | Current |
| Pramod Kumar Shantilal Also directs: Kithur Channamma Roller Flour Mills LLP, Sunil Agro Foods Limited, Micro Labs Limited and 2 more | Additional Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Alpesh Chhaganlal Jain | Additional Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Kunal Dilip Chindak | Cfo | 28 Mar 2025 | 1 Years 6 Months | Current |
| Ramesh Manickchand Shah | Additional Director | 28 Mar 2025 | 1 Years 6 Months | Current |
| Uttam Premraj Chindak | Director | 01 Nov 1991 | 34 Years 11 Months | Current |
Charges & Borrowings of Vega Auto Accessories Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2025 | Axis Bank Limited | ₹1.62 Cr | Open |
| 27 Sep 2024 | Others | ₹32.12 Cr | Open |
| 25 May 2023 | Others | ₹29 Cr | Open |
| 26 Nov 2021 | Axis Bank Limited | ₹6.65 Cr | Open |
| 20 Jun 2019 | Axis Bank Limited | ₹95 Lakh | Open |
Total charge records: 20 View all charges
Deals & Funding of Vega Auto Accessories Limited
Vega Auto Accessories Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹6 Lakh; the latest was in May 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Rights issue | ₹10.22 Cr | Investors: Vega Funmobiles Private Limited |
| Dec 2007 | Funding round | ₹6 Lakh | Investors: 4 individuals |
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 Vega Auto Accessories Limited
Vega Auto Accessories Limited has 37 court cases on record: 21 filed by Vega Auto Accessories, 15 filed against it, 1 where it is another party. 3 cases are pending and 34 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 4 | 3 |
| High courts | 16 | 9 | 0 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Civil suit | Filed against the company by Borkar Colorpacks Private Limited | Disposed |
| District court, BELAGAVI, Karnataka | Criminal complaint | Filed by the company against Suvi Enterprises R/By Shri Vijay Grover | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by State of Maharashtra | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Company is another party | Pending |
| District court, BELAGAVI, Karnataka | Appeal | Filed against the company by an individual | Disposed |
Full case history
All 37 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.
MSME Payment Delays by Vega Auto Accessories Limited
Vega Auto Accessories Limited has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 626 overdue payments to 53 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kwality Paints & Coatings Private Limited | •••• | •••• | •••• |
| Neo Labels Inc | •••• | •••• | •••• |
| Kotwan Polymers Private Limited | •••• | •••• | •••• |
| Mahadev Thermopack | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Vega Auto Accessories Limited
Vega Auto Accessories operates two associated brands: Axorhelmets and Vega Auto Accessories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides motorcycle helmets, protective gear, and accessories for riders. | axorhelmets.com | |
| Produces safety helmets and automotive accessories for consumers and partners. | vegaauto.com |
Employees and EPFO Compliance at Vega Auto Accessories Limited
Employment history and EPFO contributions of people linked to Vega Auto Accessories.
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.
CIN History of Vega Auto Accessories Limited
Vega Auto Accessories has one previous CIN (Corporate Identification Number): U35999KA1982PTC004792. The current CIN is U35999KA1982PLC004792, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35999KA1982PLC004792 | Current |
| U35999KA1982PTC004792 | Previous |
News related to Vega Auto Accessories Limited
Recent Activity on Vega Auto Accessories Limited
Vega Auto Accessories Limited has 12 board changes on record since 1991: 7 appointments and 5 cessations. The latest: Alpesh Chhaganlal Jain was appointed as Additional Director on 28 Mar 2025.
42 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vega Auto Accessories 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.
Subsidiaries & Group Companies of Vega Auto Accessories 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 Vega Auto Accessories Limited
Vega Auto Accessories has 11 GST registrations: 5 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV6543N1ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AAACV6543N3ZO | Karnataka | Active | 11 Apr 2023 |
| 05AAACV6543N1Z0 | Uttarakhand | Active | 01 Jul 2017 |
| 30AAACV6543N1Z7 | Goa | Active | 01 Jul 2017 |
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 Vega Auto Accessories 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 Vega Auto Accessories Limited
Vega Auto Accessories is an active public limited company based in Belgaum, Karnataka, India. The company works in security products, within the manufacturing industry. It was incorporated on 31 May 1982 (44+ years old) and is registered under CIN U35999KA1982PLC004792.
Vega Auto Accessories reported revenue of ₹505.39 Cr for FY 2024 (up 9% YoY).
Vega Auto Accessories has 7 current directors and KMP:
- Girdhari Premraj Chindak - Managing Director
- Dilip Premraj Chindak - Managing Director
- Pramod Kumar Shantilal - Additional Director
- Alpesh Chhaganlal Jain - Additional Director
- Ramesh Manickchand Shah - Additional Director
- Uttam Premraj Chindak - Director
- Kunal Dilip Chindak - Cfo
Vega Auto Accessories reported a net profit of ₹49.81 Cr (net margin 9.9%) and EBITDA of ₹96.98 Cr (EBITDA margin 19.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vega Auto Accessories is 15% over three years and 18% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vega Auto Accessories is 29AAACV6543N1ZQ, registered in Karnataka. The company has 11 GST registrations in all, of which 5 are active and 6 are cancelled or inactive. Other active GSTINs include 29AAACV6543N3ZO (Karnataka), 05AAACV6543N1Z0 (Uttarakhand), 30AAACV6543N1Z7 (Goa).
The CIN (Corporate Identification Number) of Vega Auto Accessories is U35999KA1982PLC004792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vega Auto Accessories has 37 court cases on record: 21 filed by the company and 15 filed against it. 3 are pending. Most are in the district courts.
Vega Auto Accessories was incorporated on 31 May 1982, making it 44+ years old. It is registered with the Registrar of Companies, Bangalore.
Vega Auto Accessories has 5 deals on record (3 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹6 Lakh; the latest was in May 2023.
The peers of Vega Auto Accessories by revenue are Kothari Auto Wheels Private Limited, Om Metals Auto Private Limited, Mohan Auto Industries Private Limited, Mallcom (India) Ltd, Vega Funmobiles Private Limited and 5 more, all in the Manufacturing industry (Auto, Security Products).
Alpesh Chhaganlal Jain was appointed as Additional Director on 28 Mar 2025. Kunal Dilip Chindak was appointed as CFO on 28 Mar 2025. Kunal Dilip Chindak ceased to be Director on 28 Mar 2025. Vega Auto Accessories has 12 board changes on record in total.