MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0023270
Velan IT Solutions Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹36.05 Cr
▼ 50% YoY
Net profit · FY 2025
₹2.08 Cr
Net margin 5.8%
EBITDA · FY 2025
₹3.77 Cr
EBITDA margin 10.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹12.8 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
132
Provident fund records
About Velan IT Solutions Private Limited
Data last updated:
Velan IT Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 18 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2009PTC051536. Its GSTIN is 29AADCV1539P1ZP (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sriram Raman (Managing Director) and Sinduja Sriram.
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 No. 25/A 1st Floor Krishna Reddy Colony Domlur Lay Out, Bangalore, Karnataka, India – 560071.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.05 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹2.08 Cr (net margin 5.8%) and EBITDA of ₹3.77 Cr (EBITDA margin 10.5%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 8% over five years.
The company has about 132 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Velan IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0023270). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velan.asia.
Company Details of Velan IT Solutions Private Limited
CIN U72200KA2009PTC051536
Registration Number 051536
Incorporation Date 18 November 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0023270
Recognitions & Rankings of Velan IT Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 25/A 1st Floor Krishna Reddy Colony Domlur Lay Out, Bangalore, Karnataka, India – 560071
- IndustryInformation Technology, IT Infrastructure Management & Services
Comprehensive company report
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Business Activity of Velan IT Solutions Private Limited
The main business activity of Velan IT Solutions is support service to organizations. In detail, this covers security and investigation activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N4 | Security and investigation activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Velan IT Solutions Private Limited FY 2024 filings available
Velan IT Solutions Private Limited reported revenue of ₹36.05 Cr (down 50% YoY) for FY 2025.
Revenue · FY 2025
₹36.05 Cr ▼ 50%
Net profit · FY 2025
₹2.08 Cr margin 5.8%
EBITDA · FY 2025
₹3.77 Cr margin 10.5%
Compounded Annual Growth Rate (CAGR) of Velan IT Solutions Private Limited
Revenue CAGR growth
1 year
▼ 50%
3 years · compounded
▲ 15%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 38%
5 years · compounded
▲ 15%
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 20% 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 Velan IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.08 Cr | •••• | •••• | •••• | •••• |
| 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 Velan IT Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.8% | •••• | •••• | •••• | •••• |
| 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 Velan IT Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Velan IT Solutions Private Limited
Velan IT Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sinduja Sriram Also directs: Sashtik Projects Private Limited | Director | 28 Jul 2021 | 5 Years 2 Months | Current |
| Sriram Raman Also directs: Sashtik Projects Private Limited | Managing Director | 18 Nov 2009 | 16 Years 11 Months | Current |
| Rengan Raman | Director | 06 Dec 2012 | 13 Years 10 Months | Current |
Peer Comparison of Velan IT Solutions Private Limited
Velan IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Infrastructure Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pronet Technologies Private Limited | ₹38.53 Cr (FY 2024) | •••• | •••• | -28.0% | •••• | Mumbai, Maharashtra, India |
| Corporateserve Solutions Private Limited | ₹38.44 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Haryana, India |
| Softel Solutions Private Limited | ₹37.82 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| RMS Technologies Private Limited | ₹37.15 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Parthas Infopark Private Limited | ₹36.06 Cr (FY 2023) | •••• | •••• | 13702066.0% | •••• | Thiruvananthapuram, Kerala, India |
| Velan IT Solutions Private Limited this company | ₹36.05 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Bangalore, Karnataka, India |
| Technoware Systems India Private Limited | ₹34.92 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | Delhi, India |
| Fortrise Business Solutions Private Limited | ₹34.75 Cr (FY 2024) | •••• | •••• | 26.0% | •••• | Coimbatore, Tamil Nadu, India |
| Transvision Software & Data Solutions Private Limited | ₹33.95 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Metapoint Technologies Private Limited | ₹33.27 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Hyderabad, Telangana, India |
| Orva Networks Private Limited | ₹32.46 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Velan IT Solutions by revenue in the Information Technology industry (Infrastructure Management), 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 Velan IT Solutions Private Limited
Velan IT Solutions Private Limited is audited by KPMS & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KPMS & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Velan IT Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Velan IT Solutions Private Limited
Open charges
₹12.8 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Oct 2012 | City Union Bank Limited | ₹12.8 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Velan IT Solutions Private Limited
Velan IT Solutions Private Limited has 1 court case on record: 1 filed by Velan IT Solutions. All case is disposed. Status as checked on 04 Oct 2026.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
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Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Velan IT Solutions Private Limited
Velan IT Solutions Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 280 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Atos Global LLP | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ecaps Computers India Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Dhatri Networks Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
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- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Velan IT Solutions Private Limited
Velan IT Solutions Private Limited has a workforce of 132 employees as of Aug 01, 2025.
Employee count
132
Active EPFO establishments
1
Employee growth
24.53%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Velan IT Solutions Private Limited
Velan IT Solutions Private Limited has 7 board changes on record since 2009: 3 appointments and 4 cessations. The latest: Sinduja Sriram ceased to be Additional Director on 30 Sep 2021.
Charges
A charge with City Union Bank Limited of Rs. 1,280.00 Lakh registered on 04 Oct 2012 with Charge ID 10386119 was modified on 29 Mar 2025.
AGM
Velan It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Velan It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Sinduja Sriram ceased to be Additional Director.
Appointed
Sinduja Sriram was appointed as Director.
Ceased
Sriram Raman ceased to be Director.
Ceased
Anand Edward Ahilan Davis ceased to be Director.
Ceased
Rengan Raman ceased to be Additional Director.
Appointed
Rengan Raman was appointed as Director.
Charges
A charge with City Union Bank Limited amounted to Rs. 1,280.00 Lakh with Charge ID 10386119 was registered on 04 Oct 2012.
Appointed
Sriram Raman was appointed as Managing Director.
Incorporation
18 Nov 2009
Velan It Solutions Private Limited was registered on 18 Nov 2009 with Roc Bangalore & aged 16 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Velan IT Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Velan IT Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Velan IT Solutions Private Limited
Velan IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV1539P1ZP | Karnataka | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Velan IT Solutions Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Velan IT Solutions Private Limited
Velan IT Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 18 November 2009 (17+ years old) and is registered under CIN U72200KA2009PTC051536.
Velan IT Solutions reported revenue of ₹36.05 Cr for FY 2025 (down 50% YoY).
Velan IT Solutions has 3 current directors:
- Sriram Raman - Managing Director
- Sinduja Sriram - Director
- Rengan Raman - Director
Velan IT Solutions reported a net profit of ₹2.08 Cr (net margin 5.8%) and EBITDA of ₹3.77 Cr (EBITDA margin 10.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velan IT Solutions is 15% over three years and 8% over five years. In the latest year (FY 2025) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Velan IT Solutions is 29AADCV1539P1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Velan IT Solutions is U72200KA2009PTC051536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velan IT Solutions has 1 court case on record: 1 filed by the company.
Velan IT Solutions was incorporated on 18 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Velan IT Solutions by revenue are Pronet Technologies Private Limited, Corporateserve Solutions Private Limited, Softel Solutions Private Limited, RMS Technologies Private Limited, Parthas Infopark Private Limited and 5 more, all in the Information Technology industry (Infrastructure Management).
Sinduja Sriram ceased to be Additional Director on 30 Sep 2021. Sinduja Sriram was appointed as Director on 28 Jul 2021. Sriram Raman ceased to be Director on 28 Aug 2019. Velan IT Solutions has 7 board changes on record in total.
Yes, Velan IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0023270).