Velox Automation Private Limited

Velox Automation Private Limited - information technology in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U31909GJ1997PTC094076 Incorporated 09 April 1997 ROC Ahmedabad HQ Surat, Gujarat, India
Active Private Limited Company information technology MSME · Medium
Revenue · FY 2025
₹103.16 Cr
▼ 11% YoY
Net profit · FY 2025
₹1.95 Cr
Net margin 1.9%
EBITDA · FY 2025
₹4.84 Cr
EBITDA margin 4.7%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹16 Lakh
Issued & subscribed
Open charges
₹23.25 Cr
Satisfied ₹17.15 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
219
Provident fund records

About Velox Automation Private Limited

Data last updated:

Velox Automation Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 09 April 1997 and has been in existence for over 29 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1997PTC094076. Its GSTIN is 24AAACC7599M1Z3 (Gujarat). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹16 Lakh. It was formerly known as Cotmac Electronices (Surat) Private Limited and Cotmac Electronics (Surat) Private Limited. It is led by directors including Janak Pravinchandra Jariwala (Whole-Time Director) and Pravinchandra Balwantram Jariwala.

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 Industrial Shed A1/612 GIDC Sachin, Surat, Gujarat, India – 394230.

As per the financials filed for FY 2025, the company reported a revenue of ₹103.16 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.95 Cr (net margin 1.9%) and EBITDA of ₹4.84 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.

The company has about 219 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Velox Automation. As per MCA filings, the company has open charges of ₹23.25 Cr and satisfied charges of ₹17.15 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2015. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 24 overdue payments to 14 micro and small suppliers.

Velox Automation Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0052933). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veloxautomation.com.

Company details

CIN U31909GJ1997PTC094076
Registration Number 094076
Incorporation Date 09 April 1997
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0052933

Name history

Velox Automation has undergone 2 name changes throughout its history. The company was previously known as Cotmac Electronices (Surat) Private Limited, and Cotmac Electronics (Surat) Private Limited. The current legal name is Velox Automation Private Limited.

Company NameStatus
Velox Automation Private LimitedCurrent
Cotmac Electronices (Surat) Private LimitedPrevious
Cotmac Electronics (Surat) Private LimitedPrevious

CIN history

Velox Automation has one previous CIN (Corporate Identification Number): U31909MH1997PTC107161. The current CIN is U31909GJ1997PTC094076, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U31909GJ1997PTC094076Current
U31909MH1997PTC107161Previous
Key People
Janak Pravinchandra Jariwala Whole-Time Director Pravinchandra Balwantram Jariwala Director Chetan Pravinchandra Jariwala Director

Recognitions & Rankings of Velox Automation

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-22-0052933

Contact details

Velox Automation Private Limited's registered office is in Surat, Gujarat. Its website is veloxautomation.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    veloxautomation.com
  • Social Media
  • Registered Address
    Industrial Shed A1/612 GIDC Sachin, Surat, Gujarat, India – 394230
  • Industry
    Information Technology, Electronic Components & Equipment Manufacturing

To see the full contact details of Velox Automation Private Limited, buy the company report.

Comprehensive company report
Velox Automation 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Velox Automation operates one associated brand: Velox Automation. Each brand links to its own profile.

BrandDescriptionWebsite
Velox Automation
Produces high-quality diversified equipment for industrial automation to enhance operational efficiency.veloxautomation.com

Business activity

The main business activity of Velox Automation is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Velox Automation Private Limited, buy the company report.

Financials of Velox Automation Private Limited

FY 2025 filings available

Velox Automation Private Limited reported revenue of ₹103.16 Cr (down 11% YoY) for FY 2025.

Revenue · FY 2025
₹103.16 Cr ▼ 11%
Net profit · FY 2025
₹1.95 Cr margin 1.9%
EBITDA · FY 2025
₹4.84 Cr margin 4.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 20%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 31%
5 years · compounded
▲ 18%

Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 25% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.84 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.95 Cr
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin4.7%
Net Profit Margin1.9%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Velox Automation Private Limited, buy the company report.

Board of directors of Velox Automation Private Limited

Velox Automation has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Janak Pravinchandra Jariwala
Also directs: Jariwala Trading Private Limited
Whole-Time Director09 Apr 199729 Years 7 MonthsCurrent
Pravinchandra Balwantram Jariwala
Also directs: Jariwala Trading Private Limited
Director28 Dec 199827 Years 10 MonthsCurrent
Chetan Pravinchandra Jariwala
Also directs: Jariwala Trading Private Limited
Director23 Jan 201610 Years 9 MonthsCurrent
Shah Mehul AshokkumarDirector28 Mar 20179 Years 7 MonthsCurrent
View all directors

Auditor

Velox Automation Private Limited is audited by NATVARLAL VEPARI & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
NATVARLAL VEPARI & CO.FY 2023123626W

Shareholding

The shareholding of Velox Automation 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 categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Velox Automation Private Limited, buy the company report.

Charges & borrowings

Open charges
₹23.25 Cr
Satisfied charges
₹17.15 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹23.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 May 2018100185234Hdfc Bank Limited₹23.25 CrOpen
20 Nov 200910188300Bank of Baroda₹5.5 CrSatisfied
29 Aug 200910182682Others₹7.65 CrSatisfied
28 Mar 2008101077133I Infotech Trusteeship Services Limited₹70 LakhSatisfied
27 Nov 200610034720Icici Bank Limited₹50 LakhSatisfied

To see the full charge records of Velox Automation Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Velox Automation Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2015.

Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹11 Lakh

Deals on record (2 of 2)

WhenDealAmountParties
Dec 2015Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Cotmac Electronics Private Limited
Mar 2008Funding round₹11 LakhInvestors: Cotmac Electronics Private Limited, an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Velox Automation Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 24 overdue payments to 14 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 14)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Ranade's Sr Systems Private Limited
Silicon Industrial Drives & Automation Private Limited
Ripal Engitech Private Limited

To see the full MSME payment records of Velox Automation Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Velox Automation Private Limited has a workforce of 219 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
219
Active EPFO establishments
1
Employee growth
16.5%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-27219
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Velox Automation Private Limited, buy the company report.

GST

Velox Automation has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACC7599M1Z3GujaratActive01 Jul 2017
06AAACC7599M1Z1HaryanaActive27 Feb 2023

To see the full GST registrations and return filing status of Velox Automation Private Limited, buy the company report.

Recent activity

Velox Automation Private Limited has 10 board changes on record since 1997: 7 appointments and 3 cessations. The latest: Shah Mehul Ashokkumar was appointed as Director on 28 Mar 2017.

AGM
Velox Automation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Velox Automation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 2,324.53 Lakh registered on 28 May 2018 with Charge ID 100185234 was modified on 25 Mar 2025.
Charges
A charge registered on 20 Nov 2009 via Charge ID 10188300 with Bank Of Baroda was fully satisfied on 04 Dec 2018.
Charges
A charge registered on 29 Aug 2009 via Charge ID 10182682 with Others was fully satisfied on 04 Dec 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,324.53 Lakh with Charge ID 100185234 was registered on 28 May 2018.
Appointed
Shah Mehul Ashokkumar was appointed as Director.
Charges
A charge with Others of Rs. 765.00 Lakh registered on 29 Aug 2009 with Charge ID 10182682 was modified on 29 Dec 2016.
Appointed
Chetan Pravinchandra Jariwala was appointed as Director.
Ceased
Mukund Shankarrao Muley ceased to be Director.
Ceased
Pralhad Namdeorao Hage ceased to be Director.
Ceased
Shyam Mohan Sirur ceased to be Director.

16 earlier events are in the company report.

Frequently asked questions

Velox Automation is an active private limited company based in Surat, Gujarat, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 09 April 1997 (29+ years old) and is registered under CIN U31909GJ1997PTC094076.

Velox Automation has 4 current directors:

The latest financial statements of Velox Automation 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 Velox Automation is 24AAACC7599M1Z3, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACC7599M1Z1 (Haryana).

The CIN (Corporate Identification Number) of Velox Automation is U31909GJ1997PTC094076. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Velox Automation has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.

Velox Automation was incorporated on 09 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Velox Automation has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹11 Lakh; the latest was in December 2015.

Shah Mehul Ashokkumar was appointed as Director on 28 Mar 2017. Chetan Pravinchandra Jariwala was appointed as Director on 23 Jan 2016. Mukund Shankarrao Muley ceased to be Director on 31 Dec 2015. Velox Automation has 10 board changes on record in total.

Yes, Velox Automation is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0052933).

Velox Automation has 4 MSME Form 1 returns on record between 2019 and 2021, listing 24 overdue payments to 14 micro and small suppliers. The latest return was filed on 09 Dec 2021.