Vel Steel Tubes & Engineering Private Limited

Vel Steel Tubes & Engineering Private Limited - metals and minerals in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U29253TN2008PTC068894 Incorporated 18 August 2008 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company metals and minerals MSME · Small
Data last updated
Revenue · FY 2021
₹7.15 Cr
▼ 25% YoY
Net loss · FY 2021
₹38.07 Lakh
Net margin -5.3%
EBITDA · FY 2021
₹1.27 Cr
EBITDA margin 17.7%
Authorised capital
₹2.1 Cr
Registered with MCA
Paid-up capital
₹2.05 Cr
Issued & subscribed
Open charges
₹15.42 Cr
Satisfied ₹3.6 Cr
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings

About Vel Steel Tubes & Engineering Private Limited

Data last updated:

Vel Steel Tubes & Engineering Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 18 August 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29253TN2008PTC068894. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹2.1 Cr and a paid-up capital of ₹2.05 Cr. It is led by directors including Srinivasan Ranganathan (Managing Director) and Subbiah Devan Naidu.

Its last annual general meeting (AGM) was held on 02 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Pakkam Village & Post Thiruninravur, Chennai, Tamil Nadu, India – 602024.

As per the financials filed for FY 2021, the company reported a revenue of ₹7.15 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹38.07 Lakh (net margin -5.3%) and EBITDA of ₹1.27 Cr (EBITDA margin 17.7%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 25% over five years.

As per MCA filings, the company has open charges of ₹15.42 Cr and satisfied charges of ₹3.6 Cr on record. Court records list 18 cases involving the company, including 14 filed by the company and 4 filed against it; 6 cases are pending.

Vel Steel Tubes & Engineering Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0007990). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U29253TN2008PTC068894
Registration Number 068894
Incorporation Date 18 August 2008
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 02 November 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-24-0007990
Key People
Srinivasan Ranganathan Managing Director Subbiah Devan Naidu Director Raameshsaam Director

Recognitions & Rankings of Vel Steel Tubes & Engineering

MSME (Udyam registered) Ministry of MSME
Category
Small (2022-23)
Udyam number
UDYAM-TN-24-0007990

Contact details

Vel Steel Tubes & Engineering Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.

  • Email
  • Registered Address
    Pakkam Village & Post Thiruninravur, Chennai, Tamil Nadu, India – 602024
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Comprehensive company report
Vel Steel Tubes & Engineering 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
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Business activity

The main business activity of Vel Steel Tubes & Engineering is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Financials of Vel Steel Tubes & Engineering Private Limited

FY 2023 filings available

Vel Steel Tubes & Engineering Private Limited reported revenue of ₹7.15 Cr (down 25% YoY) for FY 2021.

Revenue · FY 2021
₹7.15 Cr ▼ 25%
Net loss · FY 2021
₹38.07 Lakh margin -5.3%
EBITDA · FY 2021
₹1.27 Cr margin 17.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 30%
5 years · compounded
▼ 25%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 6%
5 years · compounded
▼ 11%

Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 25% fall in the latest year. EBITDA fell 38% 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹7.15 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹1.27 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹38.07 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin17.7%
Net Profit Margin-5.3%
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

To see the full financial statements and ratios of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Board of directors of Vel Steel Tubes & Engineering Private Limited

Vel Steel Tubes & Engineering has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Subbiah Devan NaiduDirector06 Sep 20197 Years 2 MonthsCurrent
Srinivasan RanganathanManaging Director18 Aug 200818 Years 2 MonthsCurrent
Raameshsaam
Also directs: Eften Engineering Private Limited, Amalgam Adhesives Private Limited, Hemalite Products Private Limited
Director28 Sep 20233 Years 1 MonthsCurrent
View all directors

Auditor

Vel Steel Tubes & Engineering Private Limited is audited by BHAT & NAGARAJ for the financial year 2021.

Auditor firmFinancial yearFirm registration number
BHAT & NAGARAJFY 2021000467S

Shareholding

The shareholding of Vel Steel Tubes & Engineering Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15.42 Cr
Satisfied charges
₹3.6 Cr
Breakdown by lending institutions
Others₹15.42 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Dec 2020100404976Others₹2 CrOpen
08 Mar 201310419823Others₹13.42 CrOpen
16 Mar 201110281140Dhanalakshmi Bank Ltd₹60 LakhSatisfied
25 Aug 201010239070Dhanlaxmi Bank Limited₹3 CrSatisfied

To see the full charge records of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Total charge records: 4 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Vel Steel Tubes & Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Vel Steel Tubes & Engineering has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Vel Steel Tubes & Engineering Private Limited, buy the company report.

Recent activity

Vel Steel Tubes & Engineering Private Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Raameshsaam was appointed as Director on 28 Sep 2023.

AGM
Vel Steel Tubes & Engineering Private Limited last Annual general meeting of members was held on 02 Nov 2023 as per latest MCA records.
Appointed
Raameshsaam was appointed as Director.
Filing
Vel Steel Tubes & Engineering Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100404976 was registered on 21 Dec 2020.
Charges
A charge with Others of Rs. 13.42 Cr registered on 08 Mar 2013 with Charge ID 10419823 was modified on 30 Sep 2019.
Ceased
Elavaar Kuzhali Subbiah ceased to be Director.
Appointed
Subbiah Devan Naidu was appointed as Director.
Ceased
Shanthi Seenivasan ceased to be Director.
Charges
A charge registered on 16 Mar 2011 via Charge ID 10281140 with Dhanalakshmi Bank Ltd was fully satisfied on 18 Nov 2013.
Charges
A charge registered on 25 Aug 2010 via Charge ID 10239070 with Dhanlaxmi Bank Limited was fully satisfied on 18 Nov 2013.
Charges
A charge with Others amounted to Rs. 13.42 Cr with Charge ID 10419823 was registered on 08 Mar 2013.
Charges
A charge with Dhanlaxmi Bank Limited of Rs. 3.00 Cr registered on 25 Aug 2010 with Charge ID 10239070 was modified on 26 Jul 2012.

4 earlier events are in the company report.

Frequently asked questions

Vel Steel Tubes & Engineering is an active private limited company based in Chennai, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 18 August 2008 (18+ years old) and is registered under CIN U29253TN2008PTC068894.

Vel Steel Tubes & Engineering has 3 current directors:

The latest financial statements of Vel Steel Tubes & Engineering on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 02 November 2023. Year-wise statements from 2015 are in the company report.

No. Vel Steel Tubes & Engineering has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Vel Steel Tubes & Engineering is U29253TN2008PTC068894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Vel Steel Tubes & Engineering has 18 court cases on record: 14 filed by the company and 4 filed against it. 6 are pending. Most are in the high courts.

Vel Steel Tubes & Engineering was incorporated on 18 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.

Raameshsaam was appointed as Director on 28 Sep 2023. Elavaar Kuzhali Subbiah ceased to be Director on 07 Sep 2019. Subbiah Devan Naidu was appointed as Director on 06 Sep 2019. Vel Steel Tubes & Engineering has 5 board changes on record in total.

Yes, Vel Steel Tubes & Engineering is registered as a small enterprise under Udyam registration (number: UDYAM-TN-24-0007990).

The registered office of Vel Steel Tubes & Engineering is at Pakkam Village & Post Thiruninravur, Chennai, Tamil Nadu, India – 602024.