Vel Castings Private Limited - Company Profile

It is a manufacturing private limited company based in Ranipet, Tamil Nadu, India, established in 2013.
2013 Ranipet, Tamil Nadu, India Active
Last Updated:
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About Vel Castings Private Limited

Vel Castings Private Limited, a active private limited company, was established on 16 September 2013 in Ranipet, Tamil Nadu, India. Engaging in die casting & metal forming within the manufacturing sector, it holds CIN: U27310TN2013PTC092992. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹21.96 Cr and a paid-up capital of ₹21.81 Cr.

It upholds a compliant status. Employing 188 professional, Its leadership includes Shanthi Madhavan (Managing Director), Harsha Madhavan (Whole-Time Director), Essaki Madhavan (Nominee Director). Past directors included Shanthi Madhavan, Narayanan Sornalatha, Harsha Madhavan. It holds ₹129.77 Cr open charges and ₹33.77 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at S-40, Sipcot Industrial Complex, Phase Iii, Ranipet, Tamil Nadu, 632405.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U27310TN2013PTC092992

  • Registration Number

    092992

  • Incorporation Date

    16 September 2013

  • Authorized Capital

    ₹21.96 Cr

  • Paid-Up Capital

    ₹21.81 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 21.96 Cr
  • Paid Up Capital ₹ 21.81 Cr
  • Company Age 12 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 129.77 Cr
  • Satisfied Charges ₹ 33.77 Cr
  • Revenue Growth **** 40.65%
  • Profit Growth **** -279.65%
  • Ebitda **** -124.37%
  • Net Worth -28.73%
  • Total Assets **** 15.57%
Company report

Vel Castings Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Vel Castings Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Vel Castings Private Limited?
Current Directors
Name Designation Appointment Date Status
Shanthi Madhavan Managing Director 20 Mar 2017 Current
Harsha Madhavan Whole-Time Director 16 Sep 2013 Current
Essaki Madhavan Nominee Director 16 Sep 2013 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Nominee Director 20 Mar 2017 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Nominee Director 01 Apr 2022 Past
Pramod Abcsdd Director 16 Sep 2013 Past
Pramod Abcsdd Director 11 May 2017 Past
Pramod Abcsdd Nominee Director 15 Jan 2015 Past

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Financial Performance of Vel Castings.

Vel Castings Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 40.65% increase. The company also saw a substantial fall in profitability, with a 279.65% decrease in profit. The company's net worth observed a substantial decline by a decrease of 28.73%.

Vel Castings revenue growth over time
Vel Castings profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 40.65%
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*******
*******
*******
Revenue from Operations
*******
 40.25%
*******
*******
*******
*******
Total Assets
*******
 15.57%
*******
*******
*******
*******
Profit or Loss
*******
 -279.65%
*******
*******
*******
*******
Net Worth
*******
 -28.73%
*******
*******
*******
*******
EBITDA
*******
 -124.37%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Vel Castings?

In 2023, Vel Castings had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,297,747,060.00

Satisfied Charges

₹337,731,765.00

Charges Breakdown by Lending Institutions
  • Hdfc Bank Limited : 83.12 Cr
  • Others : 46.65 Cr
Latest Charge Details
Date Lender Amount Status
04 Sep 2025 Others ₹12.50 Cr Open
31 Jul 2025 Others ₹5.43 M Open
20 Jun 2025 Others ₹4.57 M Open
28 Apr 2025 Hdfc Bank Limited ₹32.30 Cr Open
13 Jan 2025 Others ₹4.90 Cr Open

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How Many Employees Work at Vel Castings?

Vel Castings has a workforce of 188 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vel Castings, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vel Castings's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Vel Castings
Recent Activity within the Organization
  • Charges

    The activity A charge with Others amounted to Rs. 12.50 Cr with Charge ID 101174430 was registered on 04 Sep 2025. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.54 Cr with Charge ID 101161547 was registered on 31 Jul 2025. was documented.

  • Charges

    Progress on A charge with Others amounted to Rs. 0.46 Cr with Charge ID 101120923 was registered on 20 Jun 2025. was documented.

  • Charges

    The activity A charge with Hdfc Bank Limited amounted to Rs. 32.30 Cr with Charge ID 101094442 was registered on 28 Apr 2025. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 4.90 Cr with Charge ID 101046148 was registered on 13 Jan 2025. was documented.

  • Annual General Meeting

    Progress on Vel Castings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

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Frequently Asked Questions
What is the CIN of Vel Castings Private Limited?

The CIN of Vel Castings Private Limited is U27310TN2013PTC092992.

Where is Vel Castings Private Limited headquartered?

Vel Castings Private Limited is headquartered at S-40, Sipcot Industrial Complex, Phase Iii, Ranipet, Tamil Nadu, 632405.

When was Vel Castings Private Limited incorporated?

Vel Castings Private Limited was incorporated on 16 September 2013.

Who are the current directors of Vel Castings Private Limited?

The current directors of Vel Castings Private Limited are

What is the primary industry of Vel Castings Private Limited?

The primary industry of Vel Castings Private Limited is Manufacturing.

Is Vel Castings Private Limited a listed company?

Vel Castings Private Limited is unlisted.

What is the capital structure of Vel Castings Private Limited?

The authorized capital of Vel Castings Private Limited is ₹21.96 Cr, and the paid-up capital is ₹21.81 Cr.

What is the compliance status of Vel Castings Private Limited?

The compliance status of Vel Castings Private Limited is Compliant.

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