About Vel Consultancy Services Private Limited
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Vel Consultancy Services Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 01 September 1994.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74210TN1994PTC028475.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Velayudham Gnanaprakasam (Managing Director) and Gnanaprakasam Gnanavelan.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No.436 Velanagham C – Sector 5th Street Anna Nagar Western Extension Madras – 101, Chennai, Tamil Nadu, India – 600101.
As per the financials filed for FY 2018, the company reported a revenue of ₹6.3 Lakh, a growth of 133% compared to the previous year. For the same year it recorded a net profit of ₹89,874 (net margin 14.3%) and EBITDA of ₹1.23 Lakh (EBITDA margin 19.5%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The last known website on record is velconsultancyservices.com.
Company details
Contact details
Vel Consultancy Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is velconsultancyservices.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo.436 Velanagham C – Sector 5th Street Anna Nagar Western Extension Madras – 101, Chennai, Tamil Nadu, India – 600101
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Vel Consultancy Services 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 Vel Consultancy Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Vel Consultancy Services Private Limited, buy the company report.
Financials of Vel Consultancy Services Private Limited
FY 2018 filings availableVel Consultancy Services Private Limited reported revenue of ₹6.3 Lakh (up 133% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 133% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA rose 346% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹6.3 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
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| Total Expenses | ||||
| EBITDA | ₹1.23 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹89,874 | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 19.5% | |||
| Net Profit Margin | 14.3% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Vel Consultancy Services Private Limited, buy the company report.
Board of directors of Vel Consultancy Services Private Limited
Vel Consultancy Services has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gnanaprakasam Gnanavelan Also directs: Zen Builders (Chennai) Private Limited | Director | 01 Sep 1994 | 32 Years 2 Months | As last reported |
| Gnanaprakasam Chandra Also directs: Ravel Hiteks Private Limited | Director | 01 Sep 1994 | 32 Years 2 Months | As last reported |
| Velayudham Gnanaprakasam Also directs: Zen Builders (Chennai) Private Limited | Managing Director | 01 Sep 1994 | 32 Years 2 Months | As last reported |
Auditor
Vel Consultancy Services Private Limited is audited by PADMANABHAN RAMANI & RAMANUJAM for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PADMANABHAN RAMANI & RAMANUJAM | FY 2018 | 002510S |
Shareholding
The shareholding of Vel Consultancy Services Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vel Consultancy Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vel Consultancy Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vel Consultancy Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vel Consultancy Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vel Consultancy Services Private Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Kalyanasundaram Rajasekaran ceased to be Director on 01 Aug 2012.
Frequently asked questions
Vel Consultancy Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Vel Consultancy Services was a private limited company based in Chennai, Tamil Nadu, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 01 September 1994 and is registered under CIN U74210TN1994PTC028475. The company has been struck off by the Registrar of Companies and is no longer operational.
Vel Consultancy Services had 3 directors:
- Velayudham Gnanaprakasam - Managing Director
- Gnanaprakasam Gnanavelan - Director
- Gnanaprakasam Chandra - Director
The CIN (Corporate Identification Number) of Vel Consultancy Services is U74210TN1994PTC028475. 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 Vel Consultancy Services is at No.436 Velanagham C – Sector 5th Street Anna Nagar Western Extension Madras – 101, Chennai, Tamil Nadu, India – 600101.
Vel Consultancy Services was incorporated on 01 September 1994. It is registered with the Registrar of Companies, Chennai.
Vel Consultancy Services can be reached through the website velconsultancyservices.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Vel Consultancy Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
Vel Consultancy Services operated in the business outsourcing industry, in the business and IT consulting segment. It worked in this industry before it was struck off.
Kalyanasundaram Rajasekaran ceased to be Director on 01 Aug 2012. Gnanaprakasam Chandra was appointed as Director on 01 Sep 1994. Gnanaprakasam Gnanavelan was appointed as Director on 01 Sep 1994. Vel Consultancy Services has 4 board changes on record in total.
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