Vela Steels Private Limited
About Vela Steels Private Limited
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Vela Steels Private Limited is a private limited company based in Namakkal Dt, Tamil Nadu, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U27100TZ2013PTC019646. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.02 Cr. It is led by directors including Lakshmanan Yuvaraj and Varatharaj Vinoth Kumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Namakkal Dt, Tamil Nadu.
As per the financials filed for FY 2020, the company reported a revenue of ₹9 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹64.95 Lakh and EBITDA of -₹73.86 Lakh.
As per MCA filings, the company has satisfied charges of ₹2.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vela Steels Private Limited's registered office is in Namakkal Dt, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address526/76/2 Katcheri Street Velur Road Tiruchengod, E Tk, Namakkal Dt, Tamil Nadu, India – 637211
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Vela Steels 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
Financials of Vela Steels Private Limited
FY 2022 filings availableVela Steels Private Limited reported revenue of ₹9 Lakh (down 46% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹73.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹64.95 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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To see the full financial statements and ratios of Vela Steels Private Limited, buy the company report.
Board of directors of Vela Steels Private Limited
Vela Steels has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmanan Yuvaraj | Director | 30 Sep 2015 | 11 Years 0 Months | Current |
| Varatharaj Vinoth Kumar | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
| Ramasamy Palaniyappan | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
| Varadharaj Mohankumar | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
Auditor
Vela Steels Private Limited is audited by KRUPA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRUPA & CO | FY 2020 | 001560S |
Shareholding
The shareholding of Vela Steels Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vela Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2017 | 100177093 | Canara Bank | ₹2.3 Cr | Satisfied |
To see the full charge records of Vela Steels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Vela Steels 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 Vela Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vela Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vela Steels Private Limited, buy the company report.
Recent activity
Vela Steels Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Lakshmanan Yuvaraj was appointed as Director on 30 Sep 2015.
3 earlier events are in the company report.
Frequently asked questions
Vela Steels is an active private limited company based in Namakkal Dt, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 July 2013 (13+ years old) and is registered under CIN U27100TZ2013PTC019646.
Vela Steels has 4 current directors:
- Lakshmanan Yuvaraj - Director
- Varatharaj Vinoth Kumar - Director
- Ramasamy Palaniyappan - Director
- Varadharaj Mohankumar - Director
The latest financial statements of Vela Steels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Vela Steels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Vela Steels is U27100TZ2013PTC019646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vela Steels was incorporated on 02 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Coimbatore.
Lakshmanan Yuvaraj was appointed as Director on 30 Sep 2015. Ramasamy Palaniyappan ceased to be Additional Director on 30 Sep 2014. Varadharaj Mohankumar ceased to be Additional Director on 30 Sep 2014. Vela Steels has 10 board changes on record in total.
The registered office of Vela Steels is at 526762 Katcheri Street Velur Road Tiruchengod, E Tk, Namakkal Dt, Tamil Nadu, India – 637211.
Vela Steels operates in the metals and minerals industry, in the steel manufacturing and processing segment.
Vela Steels has no open charges and satisfied charges of ₹2.3 Cr as per latest MCA filings.