Velstand Solutions Private Limited
About Velstand Solutions Private Limited
Data last updated:
Velstand Solutions Private Limited is a private limited company based in Narayan Residency, Thane, Maharashtra, India. It operates in the diversified business activities segment of the business services sector. It was incorporated on 21 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC305331. The company has 1 GST registration on record, which is no longer active.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 Amar Mangesh Madaye and Ketan Pradeep Nachane.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at A – 1203 Rameshwar Chs Ltd Neelkanth Heights Pokhran Road No.2 Opp. Laxmi, Narayan Residency Thane, Maharashtra, India – 400610.
As per the financials filed for FY 2020, the company reported a revenue of ₹16.51 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹3.9 Lakh (net margin -23.6%) and EBITDA of -₹5.11 Lakh (EBITDA margin -31%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Social Media
- Registered AddressA – 1203 Rameshwar Chs Ltd Neelkanth Heights Pokhran Road No.2 Opp. Laxmi, Narayan Residency Thane, Maharashtra, India – 400610
- IndustryBusiness Services, Miscellaneous Business Activities, Other 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 Velstand Solutions Private Limited
The main business activity of Velstand Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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.
Board of Directors of Velstand Solutions Private Limited
Velstand 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 |
|---|---|---|---|---|
| Amar Mangesh Madaye | Director | 21 Feb 2018 | 8 Years 7 Months | Current |
| Ketan Pradeep Nachane | Director | 21 Feb 2018 | 8 Years 7 Months | Current |
Financials of Velstand Solutions Private Limited FY 2020 filings available
Velstand Solutions Private Limited reported revenue of ₹16.51 Lakh (down 86% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Velstand Solutions Private Limited
Revenue fell 86% in the latest year. EBITDA fell 408% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Velstand Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹16.51 Lakh | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹5.11 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.9 Lakh | •••• | •••• |
| 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 Velstand Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -31% | •••• | •••• |
| Net Profit Margin | -23.6% | •••• | •••• |
| 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 Velstand Solutions 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.
Ownership and Shareholding of Velstand 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 Velstand Solutions Private Limited
Velstand Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Velstand Solutions Private Limited
Employment history and EPFO contributions of people linked to Velstand Solutions.
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.
GST Compliance of Velstand Solutions Private Limited
Velstand Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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.
Credit Ratings, Litigation & Regulatory Alerts for Velstand 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 Velstand 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 Velstand 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.
MCA Filings & Documents of Velstand 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.
Recent Activity on Velstand Solutions Private Limited
Frequently Asked Questions about Velstand Solutions Private Limited
Velstand Solutions is an active private limited company based in Narayan Residency, Thane, Maharashtra, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 21 February 2018 (8+ years old) and is registered under CIN U74999MH2018PTC305331.
Velstand Solutions reported revenue of ₹16.51 Lakh for FY 2020 (down 86% YoY).
Velstand Solutions has 2 current directors:
- Amar Mangesh Madaye - Director
- Ketan Pradeep Nachane - Director
Velstand Solutions reported a net loss of ₹3.9 Lakh (net margin -23.6%) and EBITDA of -₹5.11 Lakh (EBITDA margin -31%) for FY 2020, as per its filed financial statements.
No. Velstand Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Velstand Solutions is U74999MH2018PTC305331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velstand Solutions was incorporated on 21 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The registered office of Velstand Solutions is at A – 1203 Rameshwar Chs Ltd Neelkanth Heights Pokhran Road No.2 Opp. Laxmi, Narayan Residency Thane, Maharashtra, India – 400610.
Velstand Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.