About Vel IT Solution Private Limited
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Vel IT Solution Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2011PTC057042. Its GSTIN is 29AADCV5524G2Z6 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Raman Sudhakar and Ravi Raman Bhaskar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at L – 118/1 4th Main Road 14th Cross Lakshminarayanapur Ghandhinagar, Bangalore, Karnataka, India – 560021.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.59 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹3.52 Lakh (net margin -28%) and EBITDA of -₹3.34 Lakh (EBITDA margin -26.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velitsolution.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressL – 118/1 4th Main Road 14th Cross Lakshminarayanapur Ghandhinagar, Bangalore, Karnataka, India – 560021
- IndustryInformation Technology, Application Development & Software Solutions
- 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 IT Solution Private Limited
The main business activity of Vel IT Solution is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 IT Solution Private Limited FY 2025 filings available
Vel IT Solution Private Limited reported revenue of ₹12.59 Lakh (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vel IT Solution Private Limited
Revenue fell 83% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 128% 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 IT Solution Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹3.34 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.52 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 IT Solution Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28% | •••• | •••• | •••• | •••• |
| 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 IT Solution 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 IT Solution Private Limited
Vel IT Solution Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Devesh Global Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Excellentcare Business Solutions Private Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Independence Factor (India) Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Jio Finance Platform and Service Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Supergood BPO Solutions Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Vel IT Solution Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Iplex India Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Immipoint Migration Consulting Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Winning Edge Technology Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Avantcore Global Solutions Private Limited | •••• | •••• | •••• | •••• | - | Badshahpur, Diss Gurugram, Haryana, India |
| Nestiq Business Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Vel IT Solution by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Vel IT Solution Private Limited
Vel IT Solution Private Limited is audited by VIKAS OSWAL & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIKAS OSWAL & 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 IT Solution Private Limited
Vel IT Solution has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raman Sudhakar | Director | 11 Feb 2011 | 15 Years 7 Months | Current |
| Ravi Raman Bhaskar | Director | 11 Feb 2011 | 15 Years 7 Months | Current |
Ownership and Shareholding of Vel IT Solution 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 IT Solution Private Limited
Vel IT Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Vel IT Solution Private Limited
Vel IT Solution Private Limited has a workforce of 2 employees as of Apr 04, 2024.
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 IT Solution Private Limited
Vel IT Solution Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Raman Sudhakar was appointed as Director on 11 Feb 2011.
Credit Ratings, Litigation & Regulatory Alerts for Vel IT Solution 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 IT Solution 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 IT Solution 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 IT Solution Private Limited
Vel IT Solution has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV5524G2Z6 | Karnataka | Active | 27 Sep 2017 |
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 IT Solution 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 IT Solution Private Limited
Vel IT Solution is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 11 February 2011 (15+ years old) and is registered under CIN U74900KA2011PTC057042.
Vel IT Solution reported revenue of ₹12.59 Lakh for FY 2024 (down 83% YoY).
Vel IT Solution has 2 current directors:
- Raman Sudhakar - Director
- Ravi Raman Bhaskar - Director
Vel IT Solution reported a net loss of ₹3.52 Lakh (net margin -28%) and EBITDA of -₹3.34 Lakh (EBITDA margin -26.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vel IT Solution is 21% over five years. In the latest year (FY 2024) revenue fell 83%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vel IT Solution is 29AADCV5524G2Z6, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vel IT Solution is U74900KA2011PTC057042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vel IT Solution was incorporated on 11 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vel IT Solution by revenue are Devesh Global Private Limited, Excellentcare Business Solutions Private Limited, Independence Factor (India) Private Limited, Jio Finance Platform and Service Limited, Supergood BPO Solutions Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Raman Sudhakar was appointed as Director on 11 Feb 2011. Ravi Raman Bhaskar was appointed as Director on 11 Feb 2011.
Vel IT Solution can be reached through the website velitsolution.com. Its registered office is in Bangalore, Karnataka, India.