About Velox Remedies Private Limited
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Velox Remedies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 14 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33111MH2015PTC269236. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pramod Kumar Gupta and Kanchan Pramod Gupta.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 13 Floor Grd 2 Municipal Tenements Worli Naka Dr. E. Mosses Road, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2018, the company reported a revenue of ₹9.67 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹42,947 (net margin 4.4%) and EBITDA of ₹65,852 (EBITDA margin 6.8%).
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website veloxremedies.com.
Company details
Contact details
Velox Remedies Private Limited's registered office is in Mumbai, Maharashtra. Its website is veloxremedies.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address13 Floor Grd 2 Municipal Tenements Worli Naka Dr. E. Mosses Road, Mumbai, Maharashtra, India – 400018
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Velox Remedies 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 Velox Remedies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Velox Remedies Private Limited, buy the company report.
Financials of Velox Remedies Private Limited
FY 2018 filings availableVelox Remedies Private Limited reported revenue of ₹9.67 Lakh (down 17% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year. EBITDA rose 108% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹9.67 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹65,852 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹42,947 | ||
| 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 | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 6.8% | ||
| Net Profit Margin | 4.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| 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 Remedies Private Limited, buy the company report.
Board of directors of Velox Remedies Private Limited
Velox Remedies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramod Kumar Gupta | Director | 14 Oct 2015 | 11 Years 0 Months | Current |
| Kanchan Pramod Gupta | Director | 25 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Velox Remedies Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cardinal Animal Healthcare Private Limited | ₹9.68 Lakh (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Sedate Mercantile Private Limited | ₹9.68 Lakh (FY 2024) | -10.0% | Mumbai, Maharashtra, India | |||
| Velox Remedies Private Limitedthis company | ₹9.67 Lakh (FY 2018) | ₹42,947 | 4.4% | -17.0% | Mumbai, Maharashtra, India | |
| Salutary Pharmaceuticals Private Limited | ₹9.67 Lakh (FY 2025) | -12.0% | Lucknow, Uttar Pradesh, India | |||
| Shamroha Lifesciences Private Limited | ₹9.66 Lakh (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Fvefrenz Pharmaceutical Private Limited | ₹9.6 Lakh (FY 2019) | 30.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Velox Remedies Private Limited, buy the company report.
Auditor
Velox Remedies Private Limited is audited by AMIT CHAMAN & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMIT CHAMAN & ASSOCIATES | FY 2018 | 022312N |
Shareholding
The shareholding of Velox Remedies Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Velox Remedies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Velox Remedies 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 Velox Remedies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velox Remedies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Velox Remedies Private Limited, buy the company report.
Recent activity
Velox Remedies Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Kanchan Pramod Gupta ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Velox Remedies is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 14 October 2015 (11+ years old) and is registered under CIN U33111MH2015PTC269236.
Velox Remedies has 2 current directors:
- Pramod Kumar Gupta - Director
- Kanchan Pramod Gupta - Director
The latest financial statements of Velox Remedies on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2016 are in the company report.
No. Velox Remedies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Velox Remedies is U33111MH2015PTC269236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velox Remedies was incorporated on 14 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Velox Remedies by revenue are Cardinal Animal Healthcare Private Limited, Sedate Mercantile Private Limited, Salutary Pharmaceuticals Private Limited, Shamroha Lifesciences Private Limited, Fvefrenz Pharmaceutical Private Limited, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Kanchan Pramod Gupta ceased to be Additional Director on 29 Sep 2018. Anand Nandlal Jaiswal ceased to be Director on 25 Oct 2017. Kanchan Pramod Gupta was appointed as Director on 25 Oct 2017. Velox Remedies has 6 board changes on record in total.
Velox Remedies can be reached through the website veloxremedies.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Velox Remedies is at 13 Floor Grd 2 Municipal Tenements Worli Naka Dr. E. Mosses Road, Mumbai, Maharashtra, India – 400018.
Velox Remedies operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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