DPIIT recognised startup Government of India
Startup India
Velar Hardware Private Limited
Velar Hardware Private Limited - business services in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.33 Lakh
▼ 58% YoY
Net profit · FY 2025
₹7,662
Net margin 1%
EBITDA · FY 2025
₹19,727
EBITDA margin 2.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Velar Hardware Private Limited
Data last updated:
Velar Hardware Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 14 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2019PTC351419.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Tarvinder Singh and Dushyanth Maganlal Jain.
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 H No.6 Back Portion 2nd Floor, Block – Am Shalimar Bagh, Delhi, India – 110088.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.33 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net profit of ₹7,662 (net margin 1%) and EBITDA of ₹19,727 (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
Velar Hardware Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-11-0022606).
Company Details of Velar Hardware Private Limited
CIN U74999DL2019PTC351419
Registration Number 351419
Incorporation Date 14 June 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-DL-11-0022606
Recognitions & Rankings of Velar Hardware
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-11-0022606
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressH No.6 Back Portion 2nd Floor, Block – Am Shalimar Bagh, Delhi, India – 110088
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
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Business Activity of Velar Hardware Private Limited
The main business activity of Velar Hardware is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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
- Filing-level activity changes
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Financials of Velar Hardware Private Limited FY 2025 filings available
Velar Hardware Private Limited reported revenue of ₹7.33 Lakh (down 58% YoY) for FY 2025.
Revenue · FY 2025
₹7.33 Lakh ▼ 58%
Net profit · FY 2025
₹7,662 margin 1%
EBITDA · FY 2025
₹19,727 margin 2.7%
Compounded Annual Growth Rate (CAGR) of Velar Hardware Private Limited
Revenue CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 58%
5 years · compounded
▲ 20%
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 58% 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 of Velar Hardware 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 | ₹19,727 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7,662 | •••• | •••• | •••• | •••• |
| 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 Velar Hardware Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 Velar Hardware are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Velar Hardware Private Limited
Velar Hardware has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarvinder Singh | Director | 14 Jun 2019 | 7 Years 4 Months | Current |
| Dushyanth Maganlal Jain Also directs: Shuyi Electric Private Limited, Shuyi Tech Private Limited | Director | 14 Jun 2019 | 7 Years 4 Months | Current |
Peer Comparison of Velar Hardware Private Limited
Velar Hardware Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Metal and metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zila Rock Products Private Limited | ₹7.4 Lakh (FY 2024) | •••• | •••• | •••• | Balal Grama Panchayath, Kerala, India | |
| RSB Impex Private Limited | ₹7.38 Lakh (FY 2020) | •••• | •••• | -67.0% | •••• | Ahmedabad, Gujarat, India |
| Alphonsa Metal and Alloys Private Limited | ₹7.37 Lakh (FY 2024) | •••• | •••• | •••• | Aurangabad, Maharashtra, India | |
| Sipoc India Private Limited | ₹7.37 Lakh (FY 2021) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Zinoy Equipments Private Limited | ₹7.36 Lakh (FY 2019) | •••• | •••• | -60.0% | •••• | Mumbai, Maharashtra, India |
| Velar Hardware Private Limited this company | ₹7.33 Lakh (FY 2025) | •••• | •••• | -58.0% | •••• | Delhi, India |
| Rieles Products Private Limited | ₹7.31 Lakh (FY 2023) | •••• | •••• | -47.0% | •••• | Bangalore, Karnataka, India |
| Saishakti Properties Private Limited | ₹7.31 Lakh (FY 2024) | •••• | •••• | 523.0% | •••• | Mumbai, Maharashtra, India |
| Sun Ferromelt Private Limited | ₹7.3 Lakh (FY 2021) | •••• | •••• | -99.0% | •••• | Pune, Maharashtra, India |
| Shree Mahavir Rolling Mills Private Limited | ₹7.27 Lakh (FY 2024) | •••• | •••• | 20.0% | •••• | Uttar Pradesh, India |
| Novex Commercials Limited | ₹7.26 Lakh (FY 2015) | •••• | •••• | 1352.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Velar Hardware by revenue in the same principal business activity (Metal and metal products), 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 Velar Hardware Private Limited
Velar Hardware Private Limited is audited by HIMANSHU CHOPRA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HIMANSHU CHOPRA & 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 Velar Hardware Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Velar Hardware Private Limited
Velar Hardware Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Velar Hardware Private Limited
Employment history and EPFO contributions of people linked to Velar Hardware.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Velar Hardware Private Limited
Velar Hardware Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Dushyanth Maganlal Jain was appointed as Director on 14 Jun 2019.
AGM
Velar Hardware Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Velar Hardware Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi Ii.
Appointed
Dushyanth Maganlal Jain was appointed as Director.
Appointed
Tarvinder Singh was appointed as Director.
Incorporation
14 Jun 2019
Velar Hardware Private Limited was registered on 14 Jun 2019 with Roc Delhi Ii & aged 7 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Velar Hardware Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Velar Hardware Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Velar Hardware 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 Velar Hardware Private Limited
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MCA Filings & Documents of Velar Hardware 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 Velar Hardware Private Limited
Velar Hardware is an active private limited company based in Delhi, India. The company works in other services, within the business services industry. It was incorporated on 14 June 2019 (7+ years old) and is registered under CIN U74999DL2019PTC351419.
Velar Hardware reported revenue of ₹7.33 Lakh for FY 2025 (down 58% YoY).
Velar Hardware has 2 current directors:
- Tarvinder Singh - Director
- Dushyanth Maganlal Jain - Director
Velar Hardware reported a net profit of ₹7,662 (net margin 1%) and EBITDA of ₹19,727 (EBITDA margin 2.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velar Hardware is -22% over three years. In the latest year (FY 2025) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Velar Hardware is U74999DL2019PTC351419. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velar Hardware was incorporated on 14 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Velar Hardware by revenue are Zila Rock Products Private Limited, RSB Impex Private Limited, Alphonsa Metal and Alloys Private Limited, Sipoc India Private Limited, Zinoy Equipments Private Limited and 5 more, all in the same principal business activity (Metal and metal products).
Dushyanth Maganlal Jain was appointed as Director on 14 Jun 2019. Tarvinder Singh was appointed as Director on 14 Jun 2019.
Yes, Velar Hardware is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Velar Hardware is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-11-0022606).