Velaven Polymers Private Limited
About Velaven Polymers Private Limited
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Velaven Polymers Private Limited is a private limited company based in Dindigul, Tamil Nadu, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 17 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U24134TZ2015PTC021666. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.65 Cr and a paid-up capital of ₹1.61 Cr. It is led by directors including Palanichamy Chandrasekaran and Thangavelu Ashok Kumar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No. 4 – 3 – 20A – 4A Arunachalapuram Batlagundu Nilakottai Taluk, Dindigul, Tamil Nadu, India – 624202.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.23 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹5.88 Cr (net margin -479.6%) and EBITDA of -₹94.4 Lakh (EBITDA margin -76.9%).
As per MCA filings, the company has open charges of ₹19.9 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Velaven Polymers Private Limited's registered office is in Dindigul, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 4 – 3 – 20A – 4A Arunachalapuram Batlagundu Nilakottai Taluk, Dindigul, Tamil Nadu, India – 624202
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Velaven Polymers 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
Business activity
The main business activity of Velaven Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Velaven Polymers Private Limited, buy the company report.
Financials of Velaven Polymers Private Limited
FY 2019 filings availableVelaven Polymers Private Limited reported revenue of ₹1.23 Cr (down 65% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year. EBITDA fell 180% 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.23 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹94.4 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹5.88 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 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -76.9% | |||
| Net Profit Margin | -479.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Velaven Polymers Private Limited, buy the company report.
Board of directors of Velaven Polymers Private Limited
Velaven Polymers has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanichamy Chandrasekaran | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Thangavelu Ashok Kumar | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Amudha | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
| Thangavelu | Director | 17 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Velaven Polymers Private Limited is compared with the 4 companies closest to it by revenue in the Packaging industry (Polymers, Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alchemy Polymers Pvt Ltd | ₹1.23 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Velaven Polymers Private Limitedthis company | ₹1.23 Cr (FY 2019) | -₹5.88 Cr | -479.6% | -65.0% | Dindigul, Tamil Nadu, India | |
| Delight Polymers Pvt. Ltd. | ₹1.22 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Pruthvi Polypack Private Limited | ₹1.22 Cr (FY 2025) | -53.0% | Virpar Rajkot, Gujarat, India | |||
| Alaska Multi Polymers Private Limited | ₹1.22 Cr (FY 2024) | -16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Velaven Polymers Private Limited, buy the company report.
Auditor
Velaven Polymers Private Limited is audited by R C NATARAJAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R C NATARAJAN & CO | FY 2019 | 012758S |
Shareholding
The shareholding of Velaven Polymers Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Velaven Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2016 | 100027070 | Canara Bank | ₹19.9 Cr | Open |
To see the full charge records of Velaven Polymers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Velaven Polymers Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Overseas Polymers Pvt Ltd | Disposed |
| District court, West, Delhi | Criminal case | Filed against the company by Neelam Lace Pvt Ltd | Disposed |
To see the full case history of Velaven Polymers Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Velaven Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velaven Polymers has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Velaven Polymers Private Limited, buy the company report.
Recent activity
Velaven Polymers Private Limited has 4 board changes on record since 2015: 4 appointments. The latest: Amudha was appointed as Director on 17 Aug 2015.
Frequently asked questions
Velaven Polymers is an active private limited company based in Dindigul, Tamil Nadu, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 17 August 2015 (11+ years old) and is registered under CIN U24134TZ2015PTC021666.
Velaven Polymers has 4 current directors:
- Palanichamy Chandrasekaran - Director
- Thangavelu Ashok Kumar - Director
- Amudha - Director
- Thangavelu - Director
The latest financial statements of Velaven Polymers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
No. Velaven Polymers has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Velaven Polymers is U24134TZ2015PTC021666. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velaven Polymers has 2 court cases on record: 2 filed against it.
Velaven Polymers was incorporated on 17 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Velaven Polymers by revenue are Alchemy Polymers Pvt Ltd, Delight Polymers Pvt. Ltd, Pruthvi Polypack Private Limited, Alaska Multi Polymers Private Limited, all in the Packaging industry (Polymers, Woven Products), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Amudha was appointed as Director on 17 Aug 2015. Palanichamy Chandrasekaran was appointed as Director on 17 Aug 2015. Thangavelu was appointed as Director on 17 Aug 2015. Velaven Polymers has 4 board changes on record in total.
The registered office of Velaven Polymers is at No. 4 – 3 – 20A – 4A Arunachalapuram Batlagundu Nilakottai Taluk, Dindigul, Tamil Nadu, India – 624202.
Velaven Polymers operates in the packaging industry, in the woven packaging products segment.