About Velospear Technologies India Private Limited
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Velospear Technologies India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2020PTC136335. Its GSTIN is 29AAHCV4647E1Z1 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Subramaniyan Sugumaran and Sudharshan.
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 Plot No.172 Alexender Street Vgn Melrose Garden West Tambaram, Chennai, Tamil Nadu, India – 600045.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.41 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹48,440 (net margin -0.1%) and EBITDA of ₹4.36 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
For more details, the company can be reached via its website velospear.com.
Company details
Contact details
Velospear Technologies India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is velospear.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.172 Alexender Street Vgn Melrose Garden West Tambaram, Chennai, Tamil Nadu, India – 600045
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Velospear Technologies India 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 Velospear Technologies India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Velospear Technologies India Private Limited, buy the company report.
Financials of Velospear Technologies India Private Limited
FY 2025 filings availableVelospear Technologies India Private Limited reported revenue of ₹3.41 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 290% 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 |
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| EBITDA | ₹4.36 Lakh | |||
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| Net Profit (PAT) | -₹48,440 | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 1.3% | |||
| Net Profit Margin | -0.1% | |||
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To see the full financial statements and ratios of Velospear Technologies India Private Limited, buy the company report.
Board of directors of Velospear Technologies India Private Limited
Velospear Technologies India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramaniyan Sugumaran | Director | 12 Jul 2020 | 6 Years 3 Months | Current |
| Sudharshan | Director | 12 Jul 2020 | 6 Years 3 Months | Current |
| Panneer Selvam Ramalingam Also directs: Evolution Digital (India) Private Limited | Director | 30 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Velospear Technologies India Private Limited is audited by Sundar and Saimukundhan for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sundar and Saimukundhan | FY 2023 | 003323S |
Shareholding
The shareholding of Velospear Technologies India Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Velospear Technologies India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2025 | 101185079 | Hdfc Bank Limited | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Velospear Technologies India 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 Velospear Technologies India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velospear Technologies India Private Limited has a workforce of 19 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Velospear Technologies India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCV4647E1Z1 | Karnataka | Active | 14 Oct 2020 |
To see the full GST registrations and return filing status of Velospear Technologies India Private Limited, buy the company report.
Recent activity
Velospear Technologies India Private Limited has 5 board changes on record since 2020: 3 appointments and 2 cessations. The latest: Panneer Selvam Ramalingam ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Velospear Technologies India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 July 2020 (6+ years old) and is registered under CIN U72900TN2020PTC136335.
Velospear Technologies India has 3 current directors:
- Subramaniyan Sugumaran - Director
- Sudharshan - Director
- Panneer Selvam Ramalingam - Director
The latest financial statements of Velospear Technologies India 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 FY 2021 are in the company report.
The GSTIN of Velospear Technologies India is 29AAHCV4647E1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Velospear Technologies India is U72900TN2020PTC136335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velospear Technologies India was incorporated on 12 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
Panneer Selvam Ramalingam ceased to be Additional Director on 30 Sep 2022. Panneer Selvam Ramalingam was appointed as Director on 30 Aug 2022. Thulasi Rani Doraswamy ceased to be Director on 18 Jun 2022. Velospear Technologies India has 5 board changes on record in total.
Velospear Technologies India can be reached through the website velospear.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Velospear Technologies India is at Plot No.172 Alexender Street Vgn Melrose Garden West Tambaram, Chennai, Tamil Nadu, India – 600045.
Velospear Technologies India operates in the information technology industry, in the application development and software solutions segment.
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