MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0026670
Vel's Shipping Services Private Limited - transport and logistics in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.2 Cr
▲ 46% YoY
Net profit · FY 2024
₹9.81 Lakh
Net margin 3.1%
EBITDA · FY 2024
₹31.25 Lakh
EBITDA margin 9.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹20 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
14
Provident fund records
About Vel's Shipping Services Private Limited
Data last updated:
Vel's Shipping Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 23 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U60300TN2017PTC115668. Its GSTIN is 33AAFCV8387H1ZV (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ramachandran Muruga Nantham (Managing Director) and Shanmuganandan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.2 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹9.81 Lakh (net margin 3.1%) and EBITDA of ₹31.25 Lakh (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 9% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Lakh on record.
Vel's Shipping Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0026670). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website velshippingservices.in.
Company details
CIN U60300TN2017PTC115668
Registration Number 115668
Incorporation Date 23 March 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0026670
Key People
Ramachandran Muruga Nantham Managing Director Shanmuganandan Director Venkatesan Rajeswari Director Recognitions & Rankings of Vel's Shipping Services
Contact details
Vel's Shipping Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is velshippingservices.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11/2 1st Floor Perumal Chamber II Lane North Beach Road Rajaji Salai, Parrys, Chennai, Tamil Nadu, India – 600001
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
To see the full contact details of Vel's Shipping Services Private Limited, buy the company report.
Comprehensive company report
Vel's Shipping Services 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
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Business activity
The main business activity of Vel's Shipping Services is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Vel's Shipping Services Private Limited, buy the company report.
Financials of Vel's Shipping Services Private Limited
FY 2024 filings availableVel's Shipping Services Private Limited reported revenue of ₹3.2 Cr (up 46% YoY) for FY 2024.
Revenue · FY 2024
₹3.2 Cr ▲ 46%
Net profit · FY 2024
₹9.81 Lakh margin 3.1%
EBITDA · FY 2024
₹31.25 Lakh margin 9.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 1%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 33%
5 years · compounded
▲ 41%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 46% growth in the latest year. EBITDA rose 48% 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 | FY 2019-20 |
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| EBITDA | ₹31.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.81 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vel's Shipping Services Private Limited, buy the company report.
Board of directors of Vel's Shipping Services Private Limited
Vel's Shipping Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanmuganandan | Director | 06 Feb 2021 | 5 Years 9 Months | Current |
| Venkatesan Rajeswari | Director | 29 Jun 2024 | 2 Years 4 Months | Current |
| Ramachandran Muruga Nantham | Managing Director | 23 Mar 2017 | 9 Years 7 Months | Current |
Auditor
Vel's Shipping Services Private Limited is audited by ASK ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASK ASSOCIATES | FY 2023 | 021899 |
Shareholding
The shareholding of Vel's Shipping Services 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vel's Shipping Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2021 | 100457566 | Axis Bank Limited | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Vel's Shipping Services 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 Vel's Shipping Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vel's Shipping Services Private Limited has a workforce of 14 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
GST
Vel's Shipping Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCV8387H1ZV | Tamil Nadu | Active | 02 Aug 2017 |
To see the full GST registrations and return filing status of Vel's Shipping Services Private Limited, buy the company report.
Recent activity
Vel's Shipping Services Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Venkatesan Rajeswari ceased to be Director on 29 Sep 2024.
AGM
Vel'S Shipping Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Venkatesan Rajeswari ceased to be Director.
Appointed
Venkatesan Rajeswari was appointed as Director.
Filing
Vel'S Shipping Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Shanmuganandan ceased to be Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 20.00 Lakh with Charge ID 100457566 was registered on 29 Jun 2021.
Ceased
Narayanan Cheraparaj ceased to be Managing Director.
Appointed
Shanmuganandan was appointed as Director.
Ceased
Ramaswamy Rajkumar ceased to be Managing Director.
Ceased
Devasenapathi Puthisigamani ceased to be Managing Director.
Appointed
Ramachandran Muruga Nantham was appointed as Managing Director.
Incorporation
23 Mar 2017
Vel'S Shipping Services Private Limited was registered on 23 Mar 2017 with Roc Chennai & aged 9 years 7 months as per MCA records.
Frequently asked questions
Vel's Shipping Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 23 March 2017 (9+ years old) and is registered under CIN U60300TN2017PTC115668.
Vel's Shipping Services has 3 current directors:
- Ramachandran Muruga Nantham - Managing Director
- Shanmuganandan - Director
- Venkatesan Rajeswari - Director
The latest financial statements of Vel's Shipping Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Vel's Shipping Services is 33AAFCV8387H1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Vel's Shipping Services is U60300TN2017PTC115668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vel's Shipping Services was incorporated on 23 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Venkatesan Rajeswari ceased to be Director on 29 Sep 2024. Venkatesan Rajeswari was appointed as Director on 29 Jun 2024. Shanmuganandan ceased to be Additional Director on 30 Nov 2021. Vel's Shipping Services has 8 board changes on record in total.
Yes, Vel's Shipping Services is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0026670).
Vel's Shipping Services can be reached through the website velshippingservices.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Vel's Shipping Services is at 112 1st Floor Perumal Chamber II Lane North Beach Road Rajaji Salai, Parrys, Chennai, Tamil Nadu, India – 600001.
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