Velwet IT Solutions Private Limited
About Velwet IT Solutions Private Limited
Data last updated:
Velwet IT Solutions Private Limited is a private limited company based in Aurangabad, Maharashtra, India. It operates in the software development and IT solutions segment of the software and technology sector. It was incorporated on 18 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2020PTC192125. Its GSTIN is 27AAHCV4780E1Z3 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Preeti Totala and Piyush Kabra.
Its last annual general meeting (AGM) was held on 20 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Pl No.118 Ganesh Nagar Garkheda, Aurangabad, Maharashtra, India – 431001.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.18 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹21,679 (net margin -10%) and EBITDA of -₹21,679 (EBITDA margin -10%).
Company details
Contact details
Velwet IT Solutions Private Limited's registered office is in Aurangabad, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressPl No.118 Ganesh Nagar Garkheda, Aurangabad, Maharashtra, India – 431001
- IndustrySoftware, Software Development, Software Publishing
To see the full contact details of Velwet IT Solutions Private Limited, buy the company report.
- 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
Business activity
The main business activity of Velwet IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Velwet IT Solutions Private Limited, buy the company report.
Financials of Velwet IT Solutions Private Limited
FY 2023 filings availableVelwet IT Solutions Private Limited reported revenue of ₹2.18 Lakh (down 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA fell 124% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| 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 | -₹21,679 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹21,679 | ||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -10% | ||
| Net Profit Margin | -10% | ||
| 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 | |||
To see the full financial statements and ratios of Velwet IT Solutions Private Limited, buy the company report.
Board of directors of Velwet IT Solutions Private Limited
Velwet IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Preeti Totala | Director | 18 Jul 2020 | 6 Years 3 Months | Current |
| Piyush Kabra | Director | 18 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Velwet IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Netri Tech Solutions (OPC) Private Limited | ₹2.18 Lakh (FY 2025) | -94.0% | Jabalpur, Madhya Pradesh, India | |||
| Elakshi Creative Businesses Private Limited | ₹2.18 Lakh (FY 2023) | -44.0% | Kanpur, Uttar Pradesh, India | |||
| Demerio Software (OPC) Private Limited | ₹2.18 Lakh (FY 2025) | -56.0% | Jaipur, Rajasthan, India | |||
| Victory Core Mind Technologies Private Limited | ₹2.18 Lakh (FY 2019) | Chennai, Tamil Nadu, India | ||||
| Godigiapp Technologies Private Limited | ₹2.18 Lakh (FY 2025) | -83.0% | Mumbai, Maharashtra, India | |||
| Velwet IT Solutions Private Limitedthis company | ₹2.18 Lakh (FY 2023) | -₹21,679 | -10% | -1.0% | Aurangabad, Maharashtra, India | |
| Ramrosh Mallamma Techno Services Private Limited | ₹2.17 Lakh (FY 2025) | -42.0% | Chennai, Tamil Nadu, India | |||
| Flybit Digital Solutions Private Limited | ₹2.17 Lakh (FY 2025) | -64.0% | Sahibabad, Uttar Pradesh, India | |||
| Digitop India Multimedia Private Limited | ₹2.17 Lakh (FY 2025) | -57.0% | Pune, Maharashtra, India | |||
| Syncwell Software Technology Private Limited | ₹2.16 Lakh (FY 2025) | 225.0% | Kamrej, Gujarat, India | |||
| Calpyte Technologies Private Limited | ₹2.16 Lakh (FY 2022) | Chennai, Tamil Nadu, India |
To see the full peer comparison of Velwet IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Velwet IT Solutions 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 Velwet IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velwet IT Solutions Private Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
Velwet IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV4780E1Z3 | Maharashtra | Active | 30 Sep 2022 |
To see the full GST registrations and return filing status of Velwet IT Solutions Private Limited, buy the company report.
Recent activity
Velwet IT Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Piyush Kabra was appointed as Director on 18 Jul 2020.
Frequently asked questions
Velwet IT Solutions is an active private limited company based in Aurangabad, Maharashtra, India. The company works in software development, within the software industry. It was incorporated on 18 July 2020 (6+ years old) and is registered under CIN U72200PN2020PTC192125.
Velwet IT Solutions has 2 current directors:
- Preeti Totala - Director
- Piyush Kabra - Director
The latest financial statements of Velwet IT Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 20 September 2023. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Velwet IT Solutions is 27AAHCV4780E1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Velwet IT Solutions is U72200PN2020PTC192125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velwet IT Solutions was incorporated on 18 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Velwet IT Solutions by revenue are Netri Tech Solutions (OPC) Private Limited, Elakshi Creative Businesses Private Limited, Demerio Software (OPC) Private Limited, Victory Core Mind Technologies Private Limited, Godigiapp Technologies Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Piyush Kabra was appointed as Director on 18 Jul 2020. Preeti Totala was appointed as Director on 18 Jul 2020.
The registered office of Velwet IT Solutions is at Pl No.118 Ganesh Nagar Garkheda, Aurangabad, Maharashtra, India – 431001.
Velwet IT Solutions operates in the software industry, in the software development segment.
Velwet IT Solutions can be reached at its registered office: Pl No.118 Ganesh Nagar Garkheda, Aurangabad, Maharashtra, India – 431001.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
