About Velox Softech LLP
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Velox Softech LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 December 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAL-4382. Its GSTIN is 24AAPFV9501N1ZJ (Gujarat).
The LLP has a total obligation of contribution of ₹10,000. It is led by designated partners Nirati Niyushkumar Shah and Riddhi Luniya.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2022, the LLP reported a revenue of ₹71.28 Lakh, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹6 Lakh (net margin 8.4%) and EBITDA of ₹6.67 Lakh (EBITDA margin 9.4%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years.
The LLP is associated with 1 brand: Velox Softech.
For more details, the LLP can be reached via its website veloxsoftech.com.
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- Registered AddressA – 704 Pratishtha 72 Alok Road, B/H. Vardan Tower, Ahmedabad, Gujarat, India – 380013
- IndustryInformation Technology, Application Development & Software Solutions
- 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
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Financials of Velox Softech LLP FY 2025 filings available
Velox Softech LLP reported revenue of ₹71.28 Lakh (down 16% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Velox Softech LLP
Revenue fell 16% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 74%. EBITDA rose 4% 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 of Velox Softech LLP
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹6 Lakh | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Velox Softech LLP
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 8.4% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Velox Softech are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Designated Partners of Velox Softech LLP
Velox Softech has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirati Niyushkumar Shah | Designated Partner | 18 Dec 2017 | 8 Years 9 Months | Current |
| Riddhi Luniya Also directs: Ranjan Plastics Private Limited | Designated Partner | 09 Dec 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Velox Softech LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Velox Softech LLP
Velox Softech LLP does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Velox Softech LLP
Velox Softech operates one associated brand: Velox Softech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive web, mobile, and custom software development services. | veloxsoftech.com |
Employees and EPFO Compliance at Velox Softech LLP
Employment history and EPFO contributions of people linked to Velox Softech.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Velox Softech LLP
Velox Softech LLP has 3 designated partner changes on record since 2017: 2 appointments and 1 cessation. The latest: Alok Kamleshbhai Patel ceased to be Designated Partner on 09 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Velox Softech LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Velox Softech LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Velox Softech LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Velox Softech LLP
Velox Softech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPFV9501N1ZJ | Gujarat | Active | 10 Jan 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Velox Softech LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Velox Softech LLP
Velox Softech is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 18 December 2017 (9+ years old) and is registered under LLPIN AAL-4382.
Velox Softech reported revenue of ₹71.28 Lakh for FY 2022 (down 16% YoY).
Velox Softech has 2 current designated partners:
- Nirati Niyushkumar Shah - Designated Partner
- Riddhi Luniya - Designated Partner
Velox Softech reported a net profit of ₹6 Lakh (net margin 8.4%) and EBITDA of ₹6.67 Lakh (EBITDA margin 9.4%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velox Softech is 74% over three years. In the latest year (FY 2022) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Velox Softech is 24AAPFV9501N1ZJ, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Velox Softech is AAL-4382. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Velox Softech was incorporated on 18 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Alok Kamleshbhai Patel ceased to be Designated Partner on 09 Dec 2021. Riddhi Luniya was appointed as Designated Partner on 09 Dec 2021. Nirati Niyushkumar Shah was appointed as Designated Partner on 18 Dec 2017.
Yes, Velox Softech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).