About Velnet Non-Conventional Energy Systems Private Limited
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Velnet Non-Conventional Energy Systems Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29307KA2006PTC040931. Its GSTIN is 29AACCV4055D1ZE (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Chandrashekar Shivasharanappa (Managing Director) and Deendayal.
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 1445/4 Railway Parallel Road C Block Sahakar Nagar, Bengaluru, Karnataka, India – 560092.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.64 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹26.19 Lakh (net margin 1.9%) and EBITDA of ₹1.2 Cr (EBITDA margin 8.8%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹6.33 Cr and satisfied charges of ₹20 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kamalsolar.com.
Company details
Contact details
Velnet Non-Conventional Energy Systems Private Limited's registered office is in Bengaluru, Karnataka. Its website is kamalsolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 1445/4 Railway Parallel Road C Block Sahakar Nagar, Bengaluru, Karnataka, India – 560092
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Velnet Non-Conventional Energy Systems 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 Velnet Non-Conventional Energy Systems is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Velnet Non-Conventional Energy Systems Private Limited, buy the company report.
Financials of Velnet Non-Conventional Energy Systems Private Limited
FY 2024 filings availableVelnet Non-Conventional Energy Systems Private Limited reported revenue of ₹13.64 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 23% 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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| EBITDA | ₹1.2 Cr | ||||
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| Net Profit (PAT) | ₹26.19 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Velnet Non-Conventional Energy Systems Private Limited, buy the company report.
Board of directors of Velnet Non-Conventional Energy Systems Private Limited
Velnet Non-Conventional Energy Systems has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deendayal | Director | 14 Sep 2015 | 11 Years 1 Months | Current |
| Chandrashekar Shivasharanappa | Managing Director | 14 Nov 2006 | 19 Years 11 Months | Current |
| Prashanth Also directs: Kamal Energy Systems Private Limited | Director | 01 Oct 2022 | 4 Years 1 Months | Current |
| Neeraja Chandrashekar | Director | 01 Oct 2022 | 4 Years 1 Months | Current |
Auditor
Velnet Non-Conventional Energy Systems Private Limited is audited by HARISH BASAVARAJ AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARISH BASAVARAJ AND CO | FY 2023 | 013098S |
Shareholding
The shareholding of Velnet Non-Conventional Energy Systems 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 Velnet Non-Conventional Energy Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2025 | 101189890 | Canara Bank | ₹1 Cr | Open | |
| 12 Jun 2023 | 100738667 | Canara Bank | ₹4 Cr | Open | |
| 06 Jun 2022 | 100873700 | Hdfc Bank Limited | ₹23.38 Lakh | Open | |
| 25 Sep 2009 | 10187984 | Canara Bank | ₹1.1 Cr | Open | |
| 23 Aug 2007 | 10082688 | Ing Vysya Bank Ltd | ₹20 Lakh | Satisfied |
To see the full charge records of Velnet Non-Conventional Energy Systems Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Velnet Non-Conventional Energy Systems Private Limited has 1 court case on record: 1 filed by Velnet Non-Conventional Energy Systems. All case is disposed.
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 | Criminal complaint | Filed by the company against M/S Weldtronic India Pvt Limited and 3 others | Disposed |
To see the full case history of Velnet Non-Conventional Energy Systems 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 Velnet Non-Conventional Energy Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velnet Non-Conventional Energy Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV4055D1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velnet Non-Conventional Energy Systems Private Limited, buy the company report.
Recent activity
Velnet Non-Conventional Energy Systems Private Limited has 5 board changes on record since 2006: 4 appointments and 1 cessation. The latest: Neeraja Chandrashekar was appointed as Director on 01 Oct 2022.
3 earlier events are in the company report.
Frequently asked questions
Velnet Non-Conventional Energy Systems is an active private limited company based in Bengaluru, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 November 2006 (20+ years old) and is registered under CIN U29307KA2006PTC040931.
Velnet Non-Conventional Energy Systems has 4 current directors:
- Chandrashekar Shivasharanappa - Managing Director
- Deendayal - Director
- Prashanth - Director
- Neeraja Chandrashekar - Director
The latest financial statements of Velnet Non-Conventional Energy Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Velnet Non-Conventional Energy Systems is 29AACCV4055D1ZE, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Velnet Non-Conventional Energy Systems is U29307KA2006PTC040931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velnet Non-Conventional Energy Systems has 1 court case on record: 1 filed by the company.
Velnet Non-Conventional Energy Systems was incorporated on 14 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Neeraja Chandrashekar was appointed as Director on 01 Oct 2022. Prashanth was appointed as Director on 01 Oct 2022. Deendayal was appointed as Director on 14 Sep 2015. Velnet Non-Conventional Energy Systems has 5 board changes on record in total.
Velnet Non-Conventional Energy Systems can be reached through the website kamalsolar.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Velnet Non-Conventional Energy Systems is at No 14454 Railway Parallel Road C Block Sahakar Nagar, Bengaluru, Karnataka, India – 560092.
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