About Veremax Management Services Private Limited
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Veremax Management Services Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 10 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2018PTC122014. Its GSTIN is 33AALCM7585Q1ZH (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Moonbeam Telecom Private Limited. It is led by directors including Shanmugapriya and Soundara Rajan Ananda Kumar.
Its last annual general meeting (AGM) was held on 26 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No: 75B Teachers Colony Lakshmipuram, Chennai, Tamil Nadu, India – 600099.
As per the financials filed for FY 2023, the company reported a revenue of ₹291.43 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹19.49 Cr (net margin -6.7%) and EBITDA of ₹4.49 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years.
The company has about 38 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
For more details, the company can be reached via its website bluelotusservices.com.
Company details
Contact details
Veremax Management Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is bluelotusservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo: 75B Teachers Colony Lakshmipuram, Chennai, Tamil Nadu, India – 600099
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Veremax Management Services 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 Veremax Management Services is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Veremax Management Services Private Limited, buy the company report.
Financials of Veremax Management Services Private Limited
FY 2023 filings availableVeremax Management Services Private Limited reported revenue of ₹291.43 Cr (up 15% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over three years, including 15% growth in the latest year. EBITDA fell 70% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹291.43 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹19.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -6.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Veremax Management Services Private Limited, buy the company report.
Board of directors of Veremax Management Services Private Limited
Veremax Management Services has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kundanmal Jain | Additional Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Shanmugapriya Also directs: Grandiose Imports and Exports Private Limited | Director | 10 Apr 2018 | 8 Years 7 Months | Current |
| Soundara Rajan Ananda Kumar Also directs: Grandiose Imports and Exports Private Limited | Director | 08 Nov 2024 | 2 Years 0 Months | Current |
Auditor
Veremax Management Services Private Limited is audited by P.S.Subramania Iyer & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.S.Subramania Iyer & Co | FY 2023 | 004104S |
Shareholding
The shareholding of Veremax Management 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 Veremax Management Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2025 | 101063128 | Axis Bank Limited | ₹12 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Veremax Management Services Private Limited has 4 court cases on record: 2 filed by Veremax Management Services, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by BMW India Financial Services Pvt Ltd | Disposed |
| Madras High Court | Writ petition | Filed by the company against The Regional Provident Fund Commissioner-I | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Regional Provident Fund Commissioner-I | Disposed |
To see the full case history of Veremax Management Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veremax Management Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veremax Management Services Private Limited has a workforce of 38 employees on its EPFO records as of Dec 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 38 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Veremax Management Services Private Limited, buy the company report.
GST
Veremax Management Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCM7585Q1ZH | Tamil Nadu | Active | 30 Nov 2018 |
To see the full GST registrations and return filing status of Veremax Management Services Private Limited, buy the company report.
Recent activity
Veremax Management Services Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Soundara Rajan Ananda Kumar was appointed as Director on 08 Nov 2024.
Frequently asked questions
Veremax Management Services is an active private limited company based in Chennai, Tamil Nadu, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 10 April 2018 (8+ years old) and is registered under CIN U74999TN2018PTC122014.
Veremax Management Services has 3 current directors:
- Suresh Kundanmal Jain - Additional Director
- Shanmugapriya - Director
- Soundara Rajan Ananda Kumar - Director
The latest financial statements of Veremax Management Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 26 December 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Veremax Management Services is 33AALCM7585Q1ZH, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Veremax Management Services is U74999TN2018PTC122014. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veremax Management Services has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.
Veremax Management Services was incorporated on 10 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Soundara Rajan Ananda Kumar was appointed as Director on 08 Nov 2024. Suresh Kundanmal Jain was appointed as Additional Director on 01 Apr 2023. Thulasimani Marimuthu ceased to be Director on 02 Mar 2023. Veremax Management Services has 5 board changes on record in total.
Veremax Management Services can be reached through the website bluelotusservices.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Veremax Management Services is at No: 75B Teachers Colony Lakshmipuram, Chennai, Tamil Nadu, India – 600099.
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