About Vel Micro Systems Private Limited
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Vel Micro Systems Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2006PTC060101.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Krishnakumar Sivaprakasam (Managing Director) and Balasubramaniyan Krishnan.
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 D – 78 Salai Road Woriyur, Tiruchirappalli, Tamil Nadu, India – 620018.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.39 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹72,833 (net margin 2.3%) and EBITDA of ₹72,833 (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velsystems.com.
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- Registered AddressD – 78 Salai Road Woriyur, Tiruchirappalli, Tamil Nadu, India – 620018
- 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 Micro Systems Private Limited
The main business activity of Vel Micro Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Micro Systems Private Limited FY 2024 filings available
Vel Micro Systems Private Limited reported revenue of ₹31.39 Lakh (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vel Micro Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 8% fall in the latest year. EBITDA fell 37% 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 Micro Systems 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 | ₹72,833 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹72,833 | •••• | •••• | •••• | •••• |
| 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 Micro Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• | •••• |
| 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 Micro Systems 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 Micro Systems Private Limited
Vel Micro Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nearex Technologies Private Limited | ₹31.5 Lakh (FY 2025) | •••• | •••• | 403.0% | •••• | Bangalore, Karnataka, India |
| Spysoft Solutions Private Limited | ₹31.45 Lakh (FY 2024) | •••• | •••• | 20.0% | •••• | Thane, Maharashtra, India |
| Techtroop Solutions Private Limited | ₹31.42 Lakh (FY 2025) | •••• | •••• | 162.0% | •••• | Hyderabad, Telangana, India |
| Aspiring Ceo Private Limited | ₹31.4 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Lucknow, Uttar Pradesh, India |
| V.V.S. Software and Solutions Private Limited | ₹31.4 Lakh (FY 2024) | •••• | •••• | 25.0% | •••• | Mysore, Karnataka, India |
| Vel Micro Systems Private Limited this company | ₹31.39 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Instamoney Technology Private Limited | ₹31.36 Lakh (FY 2021) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Evolve Webinfo Private Limited | ₹31.36 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Dewas, Madhya Pradesh, India |
| Cloudelabs Technologies Private Limited | ₹31.35 Lakh (FY 2024) | •••• | •••• | 116.0% | •••• | Chennai, Tamil Nadu, India |
| Tracewave Transparency Private Limited | ₹31.35 Lakh (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Exlvis Technologies Private Limited | ₹31.35 Lakh (FY 2024) | •••• | •••• | 68.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vel Micro Systems by revenue in the Information Technology industry (Application Development), 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 Micro Systems Private Limited
Vel Micro Systems Private Limited is audited by SAMI & RAJHU for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMI & RAJHU | 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 Micro Systems Private Limited
Vel Micro Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnakumar Sivaprakasam | Managing Director | 06 Jun 2006 | 20 Years 4 Months | Current |
| Balasubramaniyan Krishnan | Director | 31 May 2018 | 8 Years 4 Months | Current |
Ownership and Shareholding of Vel Micro Systems 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 Micro Systems Private Limited
Vel Micro Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Vel Micro Systems Private Limited
Employment history and EPFO contributions of people linked to Vel Micro Systems.
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 Micro Systems Private Limited
Vel Micro Systems Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Krishnakumar Sivaprakasam ceased to be Director on 01 Jun 2018.
Credit Ratings, Litigation & Regulatory Alerts for Vel Micro Systems 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 Micro Systems 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 Micro Systems 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 Micro Systems Private Limited
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 Micro Systems 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 Micro Systems Private Limited
Vel Micro Systems is an active private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 June 2006 (20+ years old) and is registered under CIN U72300TN2006PTC060101.
Vel Micro Systems reported revenue of ₹31.39 Lakh for FY 2024 (down 8% YoY).
Vel Micro Systems has 2 current directors:
- Krishnakumar Sivaprakasam - Managing Director
- Balasubramaniyan Krishnan - Director
Vel Micro Systems reported a net profit of ₹72,833 (net margin 2.3%) and EBITDA of ₹72,833 (EBITDA margin 2.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vel Micro Systems is 8% over three years and -1% over five years. In the latest year (FY 2024) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Vel Micro Systems is U72300TN2006PTC060101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vel Micro Systems was incorporated on 06 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Vel Micro Systems by revenue are Nearex Technologies Private Limited, Spysoft Solutions Private Limited, Techtroop Solutions Private Limited, Aspiring Ceo Private Limited, V.V.S. Software and Solutions Private Limited and 5 more, all in the Information Technology industry (Application Development).
Krishnakumar Sivaprakasam ceased to be Director on 01 Jun 2018. Sivaprakasam Seetha ceased to be Director on 01 Jun 2018. Balasubramaniyan Krishnan was appointed as Director on 31 May 2018. Vel Micro Systems has 5 board changes on record in total.
Vel Micro Systems can be reached through the website velsystems.com. Its registered office is in Tiruchirappalli, Tamil Nadu, India.
The registered office of Vel Micro Systems is at D – 78 Salai Road Woriyur, Tiruchirappalli, Tamil Nadu, India – 620018.