MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0049728
Velex Logistics Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹22.37 Cr
▼ 74% YoY
Net loss · FY 2025
₹25.39 Cr
Net margin -113.5%
EBITDA · FY 2025
-₹21.68 Cr
EBITDA margin -96.9%
Authorised capital
₹47.5 Cr
Registered with MCA
Paid-up capital
₹20.01 Cr
Issued & subscribed
Open charges
₹25.99 Cr
Satisfied ₹37.99 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
108
Provident fund records
About Velex Logistics Private Limited
Data last updated:
Velex Logistics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 31 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2013PTC246482. Its GSTIN is 27AAECV5362M1ZT (Maharashtra). The company holds 17 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹47.5 Cr and a paid-up capital of ₹20.01 Cr. It is led by directors Yogesh Himatlal Patel and Por Poh Seng.
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 We Work 247 Park 13th Floor Lal Bahadur Shastri Marg, Chandan Nagar Vikhroli West Bandra – Kurla Complex . Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.37 Cr, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹25.39 Cr (net margin -113.5%) and EBITDA of -₹21.68 Cr (EBITDA margin -96.9%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 7% over five years.
The company has about 108 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25.99 Cr and satisfied charges of ₹37.99 Cr on record. Court records list 10 cases involving the company, including 10 filed against it; 3 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.89 Cr; the latest was in July 2023. Its 5 peer companies in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 3 larger and 2 smaller; the largest is Stockflow Express Private Limited with revenue of ₹24.05 Cr.
Velex Logistics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0049728). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velex.in.
Company details
CIN U63000MH2013PTC246482
Registration Number 246482
Incorporation Date 31 July 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0049728
Recognitions & Rankings of Velex Logistics
Contact details
Velex Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is velex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWe Work 247 Park 13th Floor Lal Bahadur Shastri Marg, Chandan Nagar Vikhroli West Bandra – Kurla Complex . Mumbai, Maharashtra, India – 400083
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Velex Logistics Private Limited, buy the company report.
Comprehensive company report
Velex Logistics 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 Velex Logistics is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Velex Logistics Private Limited, buy the company report.
Financials of Velex Logistics Private Limited
FY 2025 filings availableVelex Logistics Private Limited reported revenue of ₹22.37 Cr (down 74% YoY) for FY 2025.
Revenue · FY 2025
₹22.37 Cr ▼ 74%
Net loss · FY 2025
₹25.39 Cr margin -113.5%
EBITDA · FY 2025
-₹21.68 Cr margin -96.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 74%
3 years · compounded
▼ 27%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 10%
5 years · compounded
▼ 8%
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 74% fall in the latest year. EBITDA rose 52% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹21.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹25.39 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -96.9% | ||||
| Net Profit Margin | -113.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Velex Logistics Private Limited, buy the company report.
Board of directors of Velex Logistics Private Limited
Velex Logistics has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Himatlal Patel | Director | 31 Jul 2013 | 13 Years 2 Months | Current |
| Por Poh Seng | Director | 16 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Velex Logistics Private Limited is compared with the 5 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stockflow Express Private Limited | ₹24.05 Cr (FY 2018) | 17.0% | New Delhi, Delhi, India | |||
| Kambson Express & Logistics India Private Limited | ₹23.11 Cr (FY 2025) | 13.0% | Indapur, Maharashtra, India | |||
| Budget Couriers Private Limited | ₹22.48 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Velex Logistics Private Limitedthis company | ₹22.37 Cr (FY 2025) | -₹25.39 Cr | -113.5% | -74.0% | 108 | Mumbai, Maharashtra, India |
| Shree Mahavir Express Services Private Limited | ₹22.16 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Avikam Logistics Private Limited | ₹22.06 Cr (FY 2024) | 32.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Velex Logistics Private Limited, buy the company report.
Auditor
Velex Logistics Private Limited is audited by J.J. Sanganee & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.J. Sanganee & Co. | FY 2023 | 109078W |
Shareholding
The shareholding of Velex Logistics Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Velex Logistics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.99 Cr
Satisfied charges
₹37.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2022 | 100564176 | Others | ₹5.99 Cr | Satisfied | |
| 13 Oct 2020 | 100376519 | Others | ₹2 Cr | Satisfied | |
| 28 Jul 2020 | 100361502 | Others | ₹20 Cr | Satisfied | |
| 20 Dec 2018 | 100242374 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Velex Logistics Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Velex Logistics Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.89 Cr; the latest was in July 2023.
Total deals
7
Funding rounds
3
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹31.89 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Velex Singapore Pte Limited Seller: Indev Infra Private Limited , an individual |
| Jul 2018 | Funding round | ₹20.4 Cr | Investors: Indev Infra Private Limited |
| Jul 2018 | Funding round | ₹7 Cr | Investors: Indev Infra Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Anurati Infotech Private Limited , 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Anurati Infotech Private Limited , 2 individuals Seller: 4 individuals |
To see the full deal history of Velex Logistics Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Velex Logistics Private Limited has 10 court cases on record: 10 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed against the company
10
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 3 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case SC) | Filed against the company by Finquest Financial Solutions Pvt Ltd Through Its Authorized Representative Aakash Tiwari | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Searce Cosourcing Services Private Limited Through Its Authorized Representative Ms Diwyata Burbure | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Finquest Financial Solutions Pvt Ltd Through Its Authorized Representative Aakash Tiwari | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Pat Financial Consultants Pvt Ltd Through Its Authorized Representative Mr Aakash Tiwari | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Department | Pending |
To see the full case history of Velex Logistics 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 Velex Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Velex Logistics has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Velex Logistics Private Limited has a workforce of 108 employees on its EPFO records as of Jul 13, 2024, across 1 active EPFO establishment.
Employee count
108
Active EPFO establishments
1
Employee growth
-53.04%
GST
Velex Logistics has 17 GST registrations: 15 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
15
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV5362M1ZT | Maharashtra | Active | 01 Jul 2017 |
| 04AAECV5362M1Z1 | Chandigarh | Active | 01 Jul 2017 |
| 07AAECV5362M1ZV | Delhi | Active | 01 Jul 2017 |
| 21AAECV5362M1Z5 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velex Logistics Private Limited, buy the company report.
Recent activity
Velex Logistics Private Limited has 18 board changes on record since 2013: 10 appointments and 8 cessations. The latest: Alan Yip Kamsang ceased to be Director on 17 Apr 2025.
AGM
Velex Logistics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Alan Yip Kamsang ceased to be Director.
Appointed
Por Poh Seng was appointed as Director.
Filing
Velex Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Jignesh Javerchand Gosar ceased to be CFO.
Charges
A charge registered on 12 Apr 2022 via Charge ID 100564176 with Others was fully satisfied on 29 Jul 2024.
Charges
A charge registered on 28 Jul 2020 via Charge ID 100361502 with Others was fully satisfied on 29 Jul 2024.
Appointed
Jignesh Javerchand Gosar was appointed as CFO.
Ceased
Predeep Bhaskaran Kumar ceased to be Director.
Charges
A charge registered on 13 Oct 2020 via Charge ID 100376519 with Others was fully satisfied on 02 Aug 2023.
Charges
A charge registered on 20 Dec 2018 via Charge ID 100242374 with Others was fully satisfied on 02 Aug 2023.
Appointed
Alan Yip Kamsang was appointed as Director.
17 earlier events are in the company report.
Frequently asked questions
Velex Logistics is an active private limited company based in Mumbai, Maharashtra, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 31 July 2013 (13+ years old) and is registered under CIN U63000MH2013PTC246482.
Velex Logistics has 2 current directors:
- Yogesh Himatlal Patel - Director
- Por Poh Seng - Director
The latest financial statements of Velex Logistics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Velex Logistics is 27AAECV5362M1ZT, registered in Maharashtra. The company has 17 GST registrations in all, of which 15 are active and 2 are cancelled or inactive. Other active GSTINs include 04AAECV5362M1Z1 (Chandigarh), 07AAECV5362M1ZV (Delhi), 21AAECV5362M1Z5 (Odisha).
The CIN (Corporate Identification Number) of Velex Logistics is U63000MH2013PTC246482. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velex Logistics has 10 court cases on record: 10 filed against it. 3 are pending. Most are in the district courts.
Velex Logistics was incorporated on 31 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Velex Logistics has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹31.89 Cr; the latest was in July 2023.
The peers of Velex Logistics by revenue are Stockflow Express Private Limited, Kambson Express & Logistics India Private Limited, Budget Couriers Private Limited, Shree Mahavir Express Services Private Limited, Avikam Logistics Private Limited, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Alan Yip Kamsang ceased to be Director on 17 Apr 2025. Por Poh Seng was appointed as Director on 16 Apr 2025. Jignesh Javerchand Gosar ceased to be CFO on 01 Nov 2024. Velex Logistics has 18 board changes on record in total.
Yes, Velex Logistics is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0049728).