About Vega Funmobiles Private Limited
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Vega Funmobiles Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the security products segment of the manufacturing sector. It was incorporated on 07 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50101KA1998PTC024494.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.04 Lakh. It is led by directors including Dilip Premraj Chindak (Managing Director) and Girdhari Premraj Chindak.
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. 690 Part Of S.Y No. 2/A Udyambag Industrial Area Udyambag, Belgaum, Karnataka, India – 590008.
As per the financials filed for FY 2024, the company reported a revenue of ₹505.59 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹55.29 Cr (net margin 10.9%) and EBITDA of ₹97.07 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Vega Auto Accessories. As per MCA filings, the company has open charges of ₹87.65 Cr and satisfied charges of ₹4.35 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 2 deals on record (2 secondary share transfers); the latest was in April 2023. The company has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 3 overdue payments to 1 micro and small supplier.
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.
Company details
Contact details
Vega Funmobiles Private Limited's registered office is in Belgaum, Karnataka. Its website is vegaauto.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. 690 Part Of S.Y No. 2/A Udyambag Industrial Area Udyambag, Belgaum, Karnataka, India – 590008
- IndustryManufacturing, Security Products
To see the full contact details of Vega Funmobiles 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
Brands
Vega Funmobiles operates one associated brand: Vega Auto Accessories. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces safety helmets and automotive accessories for consumers and partners. | vegaauto.com |
Financials of Vega Funmobiles Private Limited
FY 2024 filings availableVega Funmobiles Private Limited reported revenue of ₹505.59 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹97.07 Cr | ||||
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| Net Profit (PAT) | ₹55.29 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | 10.9% | ||||
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To see the full financial statements and ratios of Vega Funmobiles Private Limited, buy the company report.
Board of directors of Vega Funmobiles Private Limited
Vega Funmobiles has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girdhari Premraj Chindak Also directs: Axor Composites Private Limited, Vega Auto Accessories Limited, Adam Realty Partners Private Limited and 5 more | Director | 01 May 2001 | 25 Years 6 Months | Current |
| Swati Uttam Chindak | Director | 07 Dec 1998 | 27 Years 11 Months | Current |
| Shalini Girdhari Chindak | Director | 07 Dec 1998 | 27 Years 11 Months | Current |
| Dilip Premraj Chindak Also directs: Axor Composites Private Limited, Vega Auto Accessories Limited, Adam Realty Partners Private Limited and 3 more | Managing Director | 07 Dec 1998 | 27 Years 11 Months | Current |
Auditor
Vega Funmobiles Private Limited is audited by RAJENDRA SANJEEV AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA SANJEEV AND COMPANY | FY 2023 | 003461S |
Shareholding
The shareholding of Vega Funmobiles 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 Vega Funmobiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 May 2024 | 100930776 | Axis Bank Limited | ₹11 Cr | Open | |
| 26 Nov 2021 | 100508954 | Axis Bank Limited | ₹6.65 Cr | Open | |
| 03 May 2012 | 10357020 | Axis Bank Limited | ₹70 Cr | Open | |
| 02 Jun 2003 | 90198291 | State Bank of India | ₹2.22 Cr | Satisfied | |
| 16 Oct 2002 | 90198185 | State Bank of India | ₹8 Lakh | Satisfied |
To see the full charge records of Vega Funmobiles Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vega Funmobiles Private Limited has 2 deals on record (2 secondary share transfers); the latest was in April 2023.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vega Funmobiles Private Limited has 1 court case on record: 1 filed by Vega Funmobiles. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Belagavi City Corporation | Pending |
To see the full case history of Vega Funmobiles 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
Vega Funmobiles Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J.H. Fabricators |
To see the full MSME payment records of Vega Funmobiles Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vega Funmobiles has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vega Auto Accessories Private Limited | U35999KA1982PTC004792 | |
| Bemco Hytech Private Limited | U72200KA1983PTC005764 |
To see the full group structure of Vega Funmobiles Private Limited, buy the company report.
GST
No GST registration is on our record for Vega Funmobiles Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vega Funmobiles Private Limited has 6 board changes on record since 1998: 5 appointments and 1 cessation. The latest: Suhas Premraj Chindak ceased to be Director on 14 Apr 2023.
11 earlier events are in the company report.
News
Frequently asked questions
Vega Funmobiles is an active private limited company based in Belgaum, Karnataka, India. The company works in security products, within the manufacturing industry. It was incorporated on 07 December 1998 (28+ years old) and is registered under CIN U50101KA1998PTC024494.
Vega Funmobiles has 4 current directors:
- Dilip Premraj Chindak - Managing Director
- Girdhari Premraj Chindak - Director
- Swati Uttam Chindak - Director
- Shalini Girdhari Chindak - Director
The latest financial statements of Vega Funmobiles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vega Funmobiles is U50101KA1998PTC024494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vega Funmobiles has 1 court case on record: 1 filed by the company. 1 is pending.
Vega Funmobiles was incorporated on 07 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
Vega Funmobiles has 2 deals on record (2 secondary share transfers); the latest was in April 2023.
Suhas Premraj Chindak ceased to be Director on 14 Apr 2023. Girdhari Premraj Chindak was appointed as Director on 01 May 2001. Dilip Premraj Chindak was appointed as Managing Director on 07 Dec 1998. Vega Funmobiles has 6 board changes on record in total.
Vega Funmobiles has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Vega Funmobiles can be reached through the website vegaauto.com. Its registered office is in Belgaum, Karnataka, India.
The registered office of Vega Funmobiles is at Plot No. 690 Part Of S.Y No. 2A Udyambag Industrial Area Udyambag, Belgaum, Karnataka, India – 590008.
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