Velocity Motors Private Limited
About Velocity Motors Private Limited
Data last updated:
Velocity Motors Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 31 May 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U50102KA1999PTC025285. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Suhas Gurappa Humbarwadi and Virendra Gurappa Humbarwadi.
Its last annual general meeting (AGM) was held on 28 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at Block No 2/241 Devaki Building Ranade Road Tilakwadi, Belgaum, Karnataka, India – 590006.
As per MCA filings, the company has open charges of ₹6.08 Cr on record. Court records list 6 cases involving the company, including 6 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Velocity Motors Private Limited's registered office is in Belgaum, Karnataka.
- Registered AddressBlock No 2/241 Devaki Building Ranade Road Tilakwadi, Belgaum, Karnataka, India – 590006
- IndustryAutomotive, Auto Dealership & Trading
- 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
Financials of Velocity Motors Private Limited
FY 2013 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Velocity Motors Private Limited, buy the company report.
Board of directors of Velocity Motors Private Limited
Velocity Motors has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suhas Gurappa Humbarwadi | Director | 31 May 1999 | 27 Years 5 Months | Current |
| Virendra Gurappa Humbarwadi | Director | 31 May 1999 | 27 Years 5 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Nov 2009 | 10190318 | Lokmangal Co-Operative Bank Limited. | ₹78 Lakh | Open | |
| 07 Oct 2009 | 10181651 | The Pandharpur Urban Co-Operative Bank Ltd | ₹30 Lakh | Open | |
| 29 Sep 2009 | 10181648 | The Pandharpur Urban Co-Operative Bank Ltd | ₹2.2 Cr | Open | |
| 06 Nov 2007 | 10075558 | The Solapur Janata Sahakari Bank Limited | ₹2.25 Cr | Open | |
| 06 Nov 2007 | 10075588 | Solapur Janata Sahakari Bank Limited | ₹55 Lakh | Open |
To see the full charge records of Velocity Motors Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Velocity Motors Private Limited has 6 court cases on record: 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CHS) | Filed against the company by Tata Capital Financial Services Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Tata Capital Financial Services Ltd. | Disposed |
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company by individuals | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Tata Capital Finance Services Ltd. | Disposed |
To see the full case history of Velocity Motors 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 Velocity Motors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velocity Motors has 3 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 Velocity Motors Private Limited, buy the company report.
Recent activity
Velocity Motors Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Anand Sadashiv Marathe ceased to be Director on 19 Apr 2011.
2 earlier events are in the company report.
Frequently asked questions
Velocity Motors is an active private limited company based in Belgaum, Karnataka, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 31 May 1999 (27+ years old) and is registered under CIN U50102KA1999PTC025285.
Velocity Motors has 2 current directors:
- Suhas Gurappa Humbarwadi - Director
- Virendra Gurappa Humbarwadi - Director
The latest financial statements of Velocity Motors on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 28 September 2013. Year-wise statements from 2015 are in the company report.
No. Velocity Motors has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Velocity Motors is U50102KA1999PTC025285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velocity Motors has 6 court cases on record: 6 filed against it. Most are in the district courts.
Velocity Motors was incorporated on 31 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Anand Sadashiv Marathe ceased to be Director on 19 Apr 2011. Suhas Gurappa Humbarwadi was appointed as Director on 31 May 1999. Virendra Gurappa Humbarwadi was appointed as Director on 31 May 1999.
The registered office of Velocity Motors is at Block No 2241 Devaki Building Ranade Road Tilakwadi, Belgaum, Karnataka, India – 590006.
Velocity Motors operates in the automotive industry, in the auto dealership and trading segment.
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