Velocity Knits Private Limited
About Velocity Knits Private Limited
Data last updated:
Velocity Knits Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 February 2005.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U17301TN2005PTC055509. Its GSTIN is 33AABCV9959K1ZO (Tamil Nadu).
The company had an authorised share capital of ₹81 Lakh and a paid-up capital of ₹44.49 Lakh. It was led by directors including Roop Kumar and Niranjini Roopkumar.
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 was at 373 To 376 1st Cross Street Nehru Nagar 2nd Main Road Kottivakkam, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.25 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹7.18 Lakh (net margin -318.7%) and EBITDA of -₹6.02 Lakh (EBITDA margin -267.2%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 37% over five years.
The company had about 32 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹8.03 Cr on record.
Company details
Contact details
Velocity Knits Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address373 To 376 1st Cross Street Nehru Nagar 2nd Main Road Kottivakkam, Chennai, Tamil Nadu, India – 600041
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Velocity Knits 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 activities of Velocity Knits are manufacturing and support service to organizations. In detail, this covers textile, leather and other apparel products and rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Velocity Knits Private Limited, buy the company report.
Financials of Velocity Knits Private Limited
FY 2024 filings availableVelocity Knits Private Limited reported revenue of ₹2.25 Lakh (down 60% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 60% fall 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹6.02 Lakh | ||||
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| Net Profit (PAT) | -₹7.18 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -267.2% | ||||
| Net Profit Margin | -318.7% | ||||
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To see the full financial statements and ratios of Velocity Knits Private Limited, buy the company report.
Board of directors of Velocity Knits Private Limited
Velocity Knits has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundaravadivelu Also directs: Pillayar Investments and Finance Private Limited | Additional Director | 21 Feb 2025 | 1 Years 8 Months | As last reported |
| Roop Kumar | Director | 30 Sep 2014 | 12 Years 1 Months | As last reported |
| Niranjini Roopkumar Also directs: Kumaravel Packaging Private Limited | Director | 28 Feb 2005 | 21 Years 8 Months | As last reported |
Peer comparison
Velocity Knits Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Bhairav Bhoorachna Developers Private Limited | ₹2.28 Lakh (FY 2025) | -87.0% | Bhiwandi, Maharashtra, India | |||
| Technocraft Specialty Yarns Limited | ₹2.27 Lakh (FY 2025) | -71.0% | Mumbai, Maharashtra, India | |||
| Yamuna Industries Ltd | ₹2.27 Lakh (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Velocity Knits Private Limitedthis company | ₹2.25 Lakh (FY 2024) | -₹7.18 Lakh | -318.7% | -60.0% | 32 | Chennai, Tamil Nadu, India |
| Paragon Textile Mills Private Limited | ₹2.25 Lakh (FY 2025) | -99.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Velocity Knits Private Limited, buy the company report.
Auditor
Velocity Knits Private Limited is audited by SRI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRI & CO | FY 2023 | 010495S |
Shareholding
The shareholding of Velocity Knits 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 Velocity Knits Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2009 | 10173649 | Ing Vysya Bank Limited | ₹2.71 Cr | Satisfied | |
| 26 Apr 2005 | 90288132 | Ing Vysya Bank Limited | ₹5.32 Cr | Satisfied |
To see the full charge records of Velocity Knits Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Velocity Knits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Velocity Knits Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velocity Knits Private Limited has a workforce of 32 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Velocity Knits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV9959K1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velocity Knits Private Limited, buy the company report.
Recent activity
Velocity Knits Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Sundaravadivelu was appointed as Additional Director on 21 Feb 2025.
Frequently asked questions
Velocity Knits has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Velocity Knits was a private limited company based in Chennai, Tamil Nadu, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 28 February 2005 and is registered under CIN U17301TN2005PTC055509. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Velocity Knits was incorporated on 28 February 2005. It is registered with the Registrar of Companies, Chennai.
Velocity Knits had 3 directors:
- Sundaravadivelu - Additional Director
- Roop Kumar - Director
- Niranjini Roopkumar - Director
The CIN (Corporate Identification Number) of Velocity Knits is U17301TN2005PTC055509. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Velocity Knits is at 373 To 376 1st Cross Street Nehru Nagar 2nd Main Road Kottivakkam, Chennai, Tamil Nadu, India – 600041.
The latest financial statements of Velocity Knits 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 Velocity Knits is 33AABCV9959K1ZO, registered in Tamil Nadu.
Velocity Knits operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Velocity Knits by revenue are Shree Bhairav Bhoorachna Developers Private Limited, Technocraft Specialty Yarns Limited, Yamuna Industries Ltd, Paragon Textile Mills Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sundaravadivelu was appointed as Additional Director on 21 Feb 2025. Ranjini ceased to be Director on 31 May 2019. Roop Kumar was appointed as Director on 30 Sep 2014. Velocity Knits has 4 board changes on record in total.
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