About Velox Solutions Private Limited
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Velox Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 26 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2012PTC230293. Its GSTIN is 27AAECV1684N1ZQ (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Tejaswi Mangesh Amale and Mangesh Mahadeo Amale.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No 906 9th Floor Vashi Infotech Park Plot No 16 Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.1 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹3.23 Cr (net margin 14.6%) and EBITDA of ₹5.45 Cr (EBITDA margin 24.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 56% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹4.83 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velox.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No 906 9th Floor Vashi Infotech Park Plot No 16 Sector 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryInformation Technology, IT Infrastructure Management & Services
- 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
- One PDF report, delivered after checkout
Business Activity of Velox Solutions Private Limited
The main business activity of Velox Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Velox Solutions Private Limited FY 2024 filings available
Velox Solutions Private Limited reported revenue of ₹22.1 Cr (up 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Velox Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 36% growth in the latest year. EBITDA rose 40% 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 Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.23 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 of Velox Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Velox Solutions are in the company report.
Financial statements from 2015
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.
Peer Comparison of Velox Solutions Private Limited
Velox Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, Infrastructure Management). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intek Micro Systems Private Limited | •••• | •••• | •••• | •••• | 40 | New Delhi, Delhi, India |
| Centre for Computational Technologies Private Limited | •••• | •••• | •••• | •••• | 193 | Pune, Maharashtra, India |
| Sky I T Infratech Private Limited | •••• | •••• | •••• | •••• | 72 | Delhi, India |
| Inexture Solutions Limited | •••• | •••• | •••• | •••• | - | Daskroi, Gujarat, India |
| Domex E-Data Private Limited | •••• | •••• | •••• | •••• | 314 | Egmore Nungambakkam, Tamil Nadu, India |
| Velox Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Accel Technocrats Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Mobile2win India Private Limited | •••• | •••• | •••• | •••• | 41 | Mumbai, Maharashtra, India |
| Mann Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Bluent E Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Synergetics Information Technology Services India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Velox Solutions by revenue in the Information Technology industry (IT Consulting and Services, Infrastructure Management), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Velox Solutions Private Limited
Velox Solutions Private Limited is audited by MAHESH KHANDEKAR & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH KHANDEKAR & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Velox Solutions Private Limited
Velox Solutions 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 |
|---|---|---|---|---|
| Tejaswi Mangesh Amale | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Mangesh Mahadeo Amale | Director | 26 Apr 2012 | 14 Years 5 Months | Current |
Ownership and Shareholding of Velox Solutions Private Limited
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 Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2025 | Others | ₹3 Cr | Open |
| 31 Mar 2022 | Others | ₹1.55 Cr | Satisfied |
| 04 Feb 2020 | Others | ₹80 Lakh | Satisfied |
| 18 Sep 2017 | Others | ₹2 Cr | Satisfied |
| 12 May 2017 | Others | ₹48.27 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Velox Solutions Private Limited
Velox Solutions Private Limited has a workforce of 54 employees as of Apr 01, 2024.
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 Solutions Private Limited
Velox Solutions Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Yogesh Mahadeo Amle ceased to be Director on 10 Apr 2021.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Velox Solutions Private Limited
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 Solutions Private Limited
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 Solutions Private Limited
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 Solutions Private Limited
Velox Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV1684N1ZQ | Maharashtra | Active | 01 Jul 2017 |
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 Solutions Private Limited
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 Solutions Private Limited
Velox Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 26 April 2012 (14+ years old) and is registered under CIN U72300MH2012PTC230293.
Velox Solutions reported revenue of ₹22.1 Cr for FY 2024 (up 36% YoY).
Velox Solutions has 2 current directors:
- Tejaswi Mangesh Amale - Director
- Mangesh Mahadeo Amale - Director
Velox Solutions reported a net profit of ₹3.23 Cr (net margin 14.6%) and EBITDA of ₹5.45 Cr (EBITDA margin 24.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velox Solutions is 24% over three years and 56% over five years. In the latest year (FY 2024) revenue rose 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Velox Solutions is 27AAECV1684N1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Velox Solutions is U72300MH2012PTC230293. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velox Solutions was incorporated on 26 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Velox Solutions by revenue are Intek Micro Systems Private Limited, Centre for Computational Technologies Private Limited, Sky I T Infratech Private Limited, Inexture Solutions Limited, Domex E-Data Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services, Infrastructure Management).
Yogesh Mahadeo Amle ceased to be Director on 10 Apr 2021. Tejaswi Mangesh Amale was appointed as Director on 01 Apr 2021. Mangesh Mahadeo Amale was appointed as Director on 26 Apr 2012.
Yes, Velox Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).