Vel Enterprise India Private Limited
About Vel Enterprise India Private Limited
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Vel Enterprise India Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 28 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U51394TZ2012PTC019078. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Mohan (Managing Director) and Mohan Saranya.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 1D Sai Sruthi Complex 1st Floor 3 Ramarkovil Street, Coimbatore, Tamil Nadu, India – 641009.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.18 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹1.88 Lakh (net margin 0.9%) and EBITDA of ₹13.53 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
As per MCA filings, the company has open charges of ₹60 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered Address1D Sai Sruthi Complex 1st Floor 3 Ramarkovil Street, Coimbatore, Tamil Nadu, India – 641009
- IndustryConsumer Goods, Accessories Retail & Distribution
- 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 Vel Enterprise India Private Limited
The main business activity of Vel Enterprise India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Vel Enterprise India Private Limited FY 2018 filings available
Vel Enterprise India Private Limited reported revenue of ₹2.18 Cr (up 30% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Vel Enterprise India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 30% growth in the latest year. EBITDA rose 8% 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 Vel Enterprise India Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.18 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.53 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.88 Lakh | •••• | •••• | •••• |
| 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 Vel Enterprise India Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.2% | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• |
| 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 Vel Enterprise India 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 Vel Enterprise India Private Limited
Vel Enterprise India Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prime Time Watches Private Limited | ₹2.19 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Four Sight Opticians Private Limited | ₹2.18 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Pushpanjali Fairtrade Private Limited | ₹2.18 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Agra, Uttar Pradesh, India |
| Eyesdeal Eyewear Private Limited | ₹2.18 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Surat, Gujarat, India |
| Lakshmi Endeavours Private Limited | ₹2.18 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Erode, Tamil Nadu, India |
| Vel Enterprise India Private Limited this company | ₹2.18 Cr (FY 2018) | •••• | •••• | 30.0% | •••• | Coimbatore, Tamil Nadu, India |
| Bellezza Retail Private Limited | ₹2.15 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Gurgaon, Haryana, India |
| Aark World Private Limited | ₹2.15 Cr (FY 2023) | •••• | •••• | 93.0% | •••• | New Delhi, Delhi, India |
| Rkmanshaa Private Limited | ₹2.13 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bhopal, Madhya Pradesh, India |
| JSR Asia Imports Private Limited | ₹2.13 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| E-Cross Ventures Private Limited | ₹2.13 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Vel Enterprise India by revenue in the Consumer Products industry (Accessories Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vel Enterprise India Private Limited
Vel Enterprise India Private Limited is audited by DIWAKAR & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIWAKAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vel Enterprise India Private Limited
Vel Enterprise India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Saranya | Director | 30 Dec 2013 | 12 Years 9 Months | Current |
| Mohan | Managing Director | 28 Dec 2012 | 13 Years 9 Months | Current |
Ownership and Shareholding of Vel Enterprise India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vel Enterprise India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2016 | Tata Capital Financial Services Limited | ₹30 Lakh | Open |
| 01 Aug 2015 | City Union Bank Limited | ₹30 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Vel Enterprise India Private Limited
Employment history and EPFO contributions of people linked to Vel Enterprise India.
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.
Recent Activity on Vel Enterprise India Private Limited
Vel Enterprise India Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Sakundrnpalayam Kathirvel Gobu ceased to be Director on 15 Dec 2014.
Credit Ratings, Litigation & Regulatory Alerts for Vel Enterprise India Private 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.
MSME Payment Delays by Vel Enterprise India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vel Enterprise India Private 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 Vel Enterprise India Private Limited
Vel Enterprise India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Vel Enterprise India Private 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 Vel Enterprise India Private Limited
Vel Enterprise India is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 28 December 2012 (14+ years old) and is registered under CIN U51394TZ2012PTC019078.
Vel Enterprise India reported revenue of ₹2.18 Cr for FY 2018 (up 30% YoY).
Vel Enterprise India has 2 current directors:
- Mohan - Managing Director
- Mohan Saranya - Director
Vel Enterprise India reported a net profit of ₹1.88 Lakh (net margin 0.9%) and EBITDA of ₹13.53 Lakh (EBITDA margin 6.2%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vel Enterprise India is 18% over three years. In the latest year (FY 2018) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
No. Vel Enterprise India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Vel Enterprise India is U51394TZ2012PTC019078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vel Enterprise India was incorporated on 28 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Vel Enterprise India by revenue are Prime Time Watches Private Limited, Four Sight Opticians Private Limited, Pushpanjali Fairtrade Private Limited, Eyesdeal Eyewear Private Limited, Lakshmi Endeavours Private Limited and 5 more, all in the Consumer Products industry (Accessories Retail and Distribution).
Sakundrnpalayam Kathirvel Gobu ceased to be Director on 15 Dec 2014. Mohan Saranya was appointed as Director on 30 Dec 2013. Mohan was appointed as Managing Director on 28 Dec 2012.
The registered office of Vel Enterprise India is at 1D Sai Sruthi Complex 1st Floor 3 Ramarkovil Street, Coimbatore, Tamil Nadu, India – 641009.