MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-30-0001856
Vel Castings Private Limited - manufacturing in Ranipet, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹121.63 Cr
▲ 10% YoY
Net profit · FY 2025
₹4.91 Cr
Net margin 4%
EBITDA · FY 2025
₹16.8 Cr
EBITDA margin 13.8%
Authorised capital
₹21.96 Cr
Registered with MCA
Paid-up capital
₹21.81 Cr
Issued & subscribed
Open charges
₹129.77 Cr
Satisfied ₹33.77 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
188
Provident fund records
About Vel Castings Private Limited
Data last updated:
Vel Castings Private Limited is a private limited company based in Ranipet, Tamil Nadu, India, a subsidiary of Ntc Engineering Services Private Limited. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 16 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27310TN2013PTC092992. Its GSTIN is 33AAECV5692A1ZG (Tamil Nadu).
The company has an authorised share capital of ₹21.96 Cr and a paid-up capital of ₹21.81 Cr. It is led by directors including Shanthi Madhavan (Managing Director) and Harsha Madhavan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S – 40 Sipcot Industrial Complex Phase III, Ranipet, Tamil Nadu, India – 632405.
As per the financials filed for FY 2025, the company reported a revenue of ₹121.63 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹4.91 Cr (net margin 4%) and EBITDA of ₹16.8 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 23% over five years.
The company has about 188 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹129.77 Cr and satisfied charges of ₹33.77 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 28 deals on record (19 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.24 Cr; the latest was in November 2022. Its 5 peer companies in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 2 smaller; the largest is Nova Technocast Private Limited with revenue of ₹126.42 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 335 overdue payments to 97 micro and small suppliers.
Vel Castings Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-30-0001856). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velcastings.in.
Company details
CIN U27310TN2013PTC092992
Registration Number 092992
Incorporation Date 16 September 2013
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Ntc Engineering Services Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-30-0001856
Key People
Shanthi Madhavan Managing Director Harsha Madhavan Whole-Time Director Essaki Madhavan Nominee Director Recognitions & Rankings of Vel Castings
Contact details
Vel Castings Private Limited's registered office is in Ranipet, Tamil Nadu. Its website is velcastings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS – 40 Sipcot Industrial Complex Phase III, Ranipet, Tamil Nadu, India – 632405
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Vel Castings Private Limited, buy the company report.
Comprehensive company report
Vel Castings Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Vel Castings are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Vel Castings Private Limited, buy the company report.
Financials of Vel Castings Private Limited
FY 2024 filings availableVel Castings Private Limited reported revenue of ₹121.63 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹121.63 Cr ▲ 10%
Net profit · FY 2025
₹4.91 Cr margin 4%
EBITDA · FY 2025
₹16.8 Cr margin 13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 15%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 232%
3 years · compounded
▲ 25%
5 years · compounded
▲ 37%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 10% growth in the latest year. EBITDA rose 232% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹16.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.91 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | 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 Vel Castings Private Limited, buy the company report.
Board of directors and KMP of Vel Castings Private Limited
Vel Castings Private Limited currently reports 3 directors and 1 key managerial person. 5 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanthi Madhavan | Managing Director | 20 Mar 2017 | 9 Years 7 Months | Current |
| Essaki Madhavan | Nominee Director | 16 Sep 2013 | 13 Years 1 Months | Current |
| Harsha Madhavan | Whole-Time Director | 16 Sep 2013 | 13 Years 1 Months | Current |
| Radhika Verma | Company Secretary | 04 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Vel Castings Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Nova Technocast Private Limited | ₹126.42 Cr (FY 2025) | 32.0% | Rajkot, Gujarat, India | |||
| Baroda Hi-Tech Alloys Private Limited | ₹124.75 Cr (FY 2025) | -6.0% | Vadodara, Gujarat, India | |||
| Govind Steel Co Ltd | ₹123.38 Cr (FY 2025) | 7.0% | Kolkata, West Bengal, India | |||
| Vel Castings Private Limitedthis company | ₹121.63 Cr (FY 2025) | ₹4.91 Cr | 4% | 10.0% | 188 | Ranipet, Tamil Nadu, India |
| Ibex Engineering Private Limited | ₹121.41 Cr (FY 2024) | -14.0% | Bangalore, Karnataka, India | |||
| Vijay Technnocrats Private Limited. | ₹120.2 Cr (FY 2025) | -12.0% | Nidige Post, Karnataka, India |
To see the full peer comparison of Vel Castings Private Limited, buy the company report.
Auditor
Vel Castings Private Limited is audited by Ragavender & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ragavender & Associates | FY 2023 | 013681S |
Shareholding
The shareholding of Vel Castings 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 Vel Castings Private Limited, buy the company report.
Charges & borrowings
Open charges
₹129.77 Cr
Satisfied charges
₹33.77 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2025 | 101174430 | Others | ₹12.5 Cr | Open | |
| 31 Jul 2025 | 101161547 | Others | ₹54.28 Lakh | Open | |
| 20 Jun 2025 | 101120923 | Others | ₹45.74 Lakh | Open | |
| 28 Apr 2025 | 101094442 | Hdfc Bank Limited | ₹32.3 Cr | Open | |
| 13 Jan 2025 | 101046148 | Others | ₹4.9 Cr | Open |
To see the full charge records of Vel Castings Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Vel Castings Private Limited has 28 deals on record (19 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.24 Cr; the latest was in November 2022.
Total deals
28
Secondary share transfers
19
Funding rounds
5
Rights issues
3
Acquisition
1
Disclosed funding
₹18.24 Cr
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Secondary share transfer | Undisclosed | Buyer: NTC Engineering Services Private Limited Seller: Heian Boeki Company Limited |
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: NTC Engineering Services Private Limited Seller: Heian Boeki Company Limited |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: NTC Engineering Services Private Limited Seller: Heian Boeki Company Limited |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: NTC Engineering Services Private Limited Seller: Heian Boeki Company Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: NTC Engineering Services Private Limited Seller: Heian Boeki Company Limited |
To see the full deal history of Vel Castings Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vel Castings Private Limited has 3 court cases on record: 1 filed by Vel Castings, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| District court, Vellore, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Ranipet, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Vel Castings 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
Vel Castings Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 335 overdue payments to 97 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 97)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Perfect Products | |||
| an individual supplier | |||
| an individual supplier | |||
| Manoj Cargo Carriers | |||
| MPM Private Limited |
To see the full MSME payment records of Vel Castings Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vel Castings Private Limited has a workforce of 188 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
188
Active EPFO establishments
1
Employee growth
6.21%
GST
Vel Castings has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECV5692A1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vel Castings Private Limited, buy the company report.
Recent activity
Vel Castings Private Limited has 12 board changes on record since 2013: 8 appointments and 4 cessations. The latest: Radhika Verma was appointed as Company Secretary on 04 Mar 2024.
Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 101174430 was registered on 04 Sep 2025.
Charges
A charge with Others amounted to Rs. 0.54 Cr with Charge ID 101161547 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 0.46 Cr with Charge ID 101120923 was registered on 20 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 32.30 Cr with Charge ID 101094442 was registered on 28 Apr 2025.
Charges
A charge with Others amounted to Rs. 4.90 Cr with Charge ID 101046148 was registered on 13 Jan 2025.
AGM
Vel Castings Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vel Castings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Radhika Verma was appointed as Company Secretary.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100789184 was registered on 08 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 100735343 was registered on 16 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.18 Cr with Charge ID 100692115 was registered on 20 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100515202 was registered on 23 Nov 2021.
36 earlier events are in the company report.
Frequently asked questions
Vel Castings is an active private limited company based in Ranipet, Tamil Nadu, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 16 September 2013 (13+ years old) and is registered under CIN U27310TN2013PTC092992.
Vel Castings has 4 current directors and KMP:
- Shanthi Madhavan - Managing Director
- Harsha Madhavan - Whole-Time Director
- Essaki Madhavan - Nominee Director
- Radhika Verma - Company Secretary
The latest financial statements of Vel Castings on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vel Castings is 33AAECV5692A1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Vel Castings is U27310TN2013PTC092992. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vel Castings has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.
Vel Castings was incorporated on 16 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Vel Castings has 28 deals on record (19 secondary share transfers, 5 funding rounds, 3 rights issues), with disclosed funding of ₹18.24 Cr; the latest was in November 2022.
The peers of Vel Castings by revenue are Nova Technocast Private Limited, Baroda Hi-Tech Alloys Private Limited, Govind Steel Co Ltd, Ibex Engineering Private Limited, Vijay Technnocrats Private Limited, all in the Manufacturing industry (Die Casting), with the same principal business activity (metal and metal products).
Radhika Verma was appointed as Company Secretary on 04 Mar 2024. Sivagami Sunther ceased to be Director on 11 May 2017. Sunther Srinivasagam Madurai ceased to be Director on 05 May 2017. Vel Castings has 12 board changes on record in total.
Yes, Vel Castings is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-30-0001856).
Vel Castings has 11 MSME Form 1 returns on record between 2019 and 2024, listing 335 overdue payments to 97 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages