Velvex Engineering Private Limited
About Velvex Engineering Private Limited
Data last updated:
Velvex Engineering Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 17 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28999TN2001PTC047131. Its GSTIN is 33AABCV2291G1ZI (Tamil Nadu).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Ramanath Jayashree (Managing Director) and Ichanahalli Venkatasubbarao Venkatesh.
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 No:2 Madurai Main Road (Behind Indian Bank) Crawford, Tiruchirappalli, Tamil Nadu, India – 620012.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹91,023 (net margin 0.6%) and EBITDA of ₹1.96 Lakh (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹82.65 Lakh and satisfied charges of ₹37.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo:2 Madurai Main Road (Behind Indian Bank) Crawford, Tiruchirappalli, Tamil Nadu, India – 620012
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
- 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 of Velvex Engineering Private Limited
The main business activity of Velvex Engineering is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | 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 Velvex Engineering Private Limited FY 2024 filings available
Velvex Engineering Private Limited reported revenue of ₹1.44 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Velvex Engineering Private Limited
Revenue rose 16% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 107% 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 Velvex Engineering 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 | ₹1.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹91,023 | •••• | •••• | •••• | •••• |
| 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 Velvex Engineering Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Velvex Engineering 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 Velvex Engineering Private Limited
Velvex Engineering Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aahi Infratech Private Limited | ₹1.46 Cr (FY 2024) | •••• | •••• | 161.0% | •••• | Muzaffarnagar, Uttar Pradesh, India |
| GCM Infrastructure Private Limited | ₹1.46 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Delhi, India |
| Snygan Infratech Private Limited | ₹1.45 Cr (FY 2024) | •••• | •••• | 220.0% | •••• | Palarivattam, Kerala, India |
| Jesco Projects (India) Private Limited | ₹1.45 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Mumbai, Maharashtra, India |
| Agribeast Farm Projects Private Limited | ₹1.45 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Mzn, Uttar Pradesh, India |
| Velvex Engineering Private Limited this company | ₹1.44 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Designholics Private Limited | ₹1.44 Cr (FY 2025) | •••• | •••• | 267.0% | •••• | Hyderabad, Telangana, India |
| Ideafire Technologies Private Limited | ₹1.44 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Hyderabad, Telangana, India |
| Sheeran Engineers Private Limited | ₹1.43 Cr (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Balcke-Duerr Technologies India Private Limited | ₹1.42 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Chennai, Tamil Nadu, India |
| Merrell Road Solutions Private Limited | ₹1.42 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Velvex Engineering by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Velvex Engineering Private Limited
Velvex Engineering Private Limited is audited by V. JAYARAMAN for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. JAYARAMAN | 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 Velvex Engineering Private Limited
Velvex Engineering has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ichanahalli Venkatasubbarao Venkatesh | Director | 20 Sep 2012 | 14 Years 0 Months | Current |
| Ramanath Jayashree | Managing Director | 17 May 2001 | 25 Years 4 Months | Current |
Ownership and Shareholding of Velvex Engineering 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 Velvex Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 2006 | Punjab National Bank | ₹82.65 Lakh | Open |
| 02 Mar 2005 | State Bank of India | ₹15 Lakh | Satisfied |
| 25 Feb 2005 | State Bank of India | ₹15 Lakh | Satisfied |
| 06 Jul 2004 | State Bank of India | ₹7.5 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Velvex Engineering Private Limited
Velvex Engineering Private Limited has a workforce of 29 employees as of Apr 05, 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 Velvex Engineering Private Limited
Velvex Engineering Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Gabrial Jeyanthi Kumar ceased to be Director on 20 Sep 2012.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Velvex Engineering 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 Velvex Engineering 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 Velvex Engineering 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 Velvex Engineering Private Limited
Velvex Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV2291G1ZI | Tamil Nadu | 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 Velvex Engineering 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 Velvex Engineering Private Limited
Velvex Engineering is an active private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 17 May 2001 (25+ years old) and is registered under CIN U28999TN2001PTC047131.
Velvex Engineering reported revenue of ₹1.44 Cr for FY 2024 (up 16% YoY).
Velvex Engineering has 2 current directors:
- Ramanath Jayashree - Managing Director
- Ichanahalli Venkatasubbarao Venkatesh - Director
Velvex Engineering reported a net profit of ₹91,023 (net margin 0.6%) and EBITDA of ₹1.96 Lakh (EBITDA margin 1.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Velvex Engineering is -4% over three years and -10% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Velvex Engineering is 33AABCV2291G1ZI, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Velvex Engineering is U28999TN2001PTC047131. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velvex Engineering was incorporated on 17 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Velvex Engineering by revenue are Aahi Infratech Private Limited, GCM Infrastructure Private Limited, Snygan Infratech Private Limited, Jesco Projects (India) Private Limited, Agribeast Farm Projects Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).
Gabrial Jeyanthi Kumar ceased to be Director on 20 Sep 2012. Ichanahalli Venkatasubbarao Venkatesh was appointed as Director on 20 Sep 2012. Gangatharan Susila ceased to be Whole-Time Director on 03 Nov 2011. Velvex Engineering has 4 board changes on record in total.
The registered office of Velvex Engineering is at No:2 Madurai Main Road Behind Indian Bank Crawford, Tiruchirappalli, Tamil Nadu, India – 620012.