About Veremax Technologie Services Limited
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Veremax Technologie Services Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the telecom infrastructure segment of the telecommunications sector. It was incorporated on 17 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2013PLC091205. Its GSTIN is 33AAECV6308H1ZF (Tamil Nadu). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹22.16 Cr. It is led by directors including Sankaran Achary Sathasivam and Tiruchendur Rajakani Meganathan Venkatesh.
Its last annual general meeting (AGM) was held on 31 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Doshi Towers New 205 Old No 156 Poonamallee High Road Kilpauk, Chennai, Tamil Nadu, India – 600010.
As per the financials filed for FY 2025, the company reported a revenue of ₹620.18 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹61.79 Cr (net margin 10%) and EBITDA of ₹109.83 Cr (EBITDA margin 17.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 26% over five years.
The company has about 47 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹276.96 Cr and satisfied charges of ₹148.75 Cr on record. Court records list 53 cases involving the company, including 17 filed by the company and 36 filed against it; 17 cases are pending. The company has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in February 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veremax.co.in.
Company details
CIN history
Veremax Technologie Services has one previous CIN (Corporate Identification Number): U72900TN2013PTC091205. The current CIN is U72900TN2013PLC091205, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TN2013PLC091205 | Current |
| U72900TN2013PTC091205 | Previous |
Contact details
Veremax Technologie Services Limited's registered office is in Chennai, Tamil Nadu. Its website is veremax.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoshi Towers New 205 Old No 156 Poonamallee High Road Kilpauk, Chennai, Tamil Nadu, India – 600010
- IndustryTelecom, Telecom Infrastructure
To see the full contact details of Veremax Technologie Services 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 Technologie Services is information and communication. In detail, this covers telecommunications.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 61 | Telecommunications |
To see the full business activity and turnover split of Veremax Technologie Services Limited, buy the company report.
Financials of Veremax Technologie Services Limited
FY 2025 filings availableVeremax Technologie Services Limited reported revenue of ₹620.18 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 19% growth in the latest year. EBITDA rose 62% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹620.18 Cr | ||||
| Other Income | |||||
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| EBITDA | ₹109.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.79 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.7% | ||||
| Net Profit Margin | 10% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Veremax Technologie Services Limited, buy the company report.
Board of directors of Veremax Technologie Services Limited
Veremax Technologie Services has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankaran Achary Sathasivam Also directs: Max Transport Limited | Director | 08 Dec 2024 | 1 Years 11 Months | Current |
| Tiruchendur Rajakani Meganathan Venkatesh Also directs: Max Transport Limited | Director | 17 May 2013 | 13 Years 5 Months | Current |
| Thulasimani Marimuthu Also directs: Max Transport Limited | Director | 01 Nov 2020 | 6 Years 0 Months | Current |
Auditor
Veremax Technologie Services Limited is audited by P.S.Subramania Iyer & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.S.Subramania Iyer & Co | FY 2025 | 004104S |
Shareholding
The shareholding of Veremax Technologie Services Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veremax Technologie Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2023 | 100730646 | Sbicap Trustee Company Limited | ₹110 Cr | Open | |
| 19 Nov 2022 | 100656808 | State Bank of India | ₹100 Cr | Open | |
| 23 Sep 2021 | 100494943 | Others | ₹4.63 Lakh | Open | |
| 20 Sep 2021 | 100494942 | Others | ₹32.41 Lakh | Open | |
| 20 Sep 2021 | 100494941 | Others | ₹31.56 Lakh | Open |
To see the full charge records of Veremax Technologie Services Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Veremax Technologie Services Limited has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in February 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹52.5 Lakh | Investors: an individual |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2019 | Rights issue | ₹75 Lakh | Investors: an individual |
| Aug 2018 | Rights issue | ₹35 Lakh | Investors: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
To see the full deal history of Veremax Technologie Services Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Veremax Technologie Services Limited has 53 court cases on record: 17 filed by Veremax Technologie Services, 36 filed against it. 17 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 32 | 12 |
| High courts | 18 | 4 | 5 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Kerala | Writ petition | Filed by the company against Reliance Infratel Ltd., and 3 others | Pending |
| High Court | Writ petition | Filed against the company by M/S Reliance Projects and Property Management Services Limited and 1 other | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Monitoring Committee of Reliance Infratel Limited THR. Its Authorized Representative H Block, 1St Floor, Dhirubhai Ambani Knowledge City ,Navi Mumbai , Maharashtra and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Appeal | Filed by the company against Om Muruga Enterprises | Pending |
To see the full case history of Veremax Technologie Services 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.
Credit ratings & regulatory alerts
Veremax Technologie Services Limited was last rated by Crisil on 23 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Dec 2020 |
To see the full credit ratings and regulatory alerts of Veremax Technologie Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Veremax Technologie Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veremax Technologie Services Limited has a workforce of 47 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 47 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Veremax Technologie Services Limited, buy the company report.
GST
Veremax Technologie Services has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECV6308H1ZF | Tamil Nadu | Active | 01 Jul 2017 |
| 21AAECV6308H1ZK | Odisha | Active | 01 Jul 2017 |
| 29AAECV6308H1Z4 | Karnataka | Active | 01 Jul 2017 |
| 36AAECV6308H1Z9 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veremax Technologie Services Limited, buy the company report.
Recent activity
Veremax Technologie Services Limited has 12 board changes on record since 2013: 3 appointments and 9 cessations. The latest: Sankaran Achary Sathasivam was appointed as Director on 08 Dec 2024.
28 earlier events are in the company report.
Frequently asked questions
Veremax Technologie Services is an active public limited company based in Chennai, Tamil Nadu, India. The company works in telecom infrastructure, within the telecom industry. It was incorporated on 17 May 2013 (13+ years old) and is registered under CIN U72900TN2013PLC091205.
Veremax Technologie Services has 3 current directors:
- Sankaran Achary Sathasivam - Director
- Tiruchendur Rajakani Meganathan Venkatesh - Director
- Thulasimani Marimuthu - Director
The latest financial statements of Veremax Technologie Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veremax Technologie Services is 33AAECV6308H1ZF, registered in Tamil Nadu. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 21AAECV6308H1ZK (Odisha), 29AAECV6308H1Z4 (Karnataka), 36AAECV6308H1Z9 (Telangana).
The CIN (Corporate Identification Number) of Veremax Technologie Services is U72900TN2013PLC091205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veremax Technologie Services has 53 court cases on record: 17 filed by the company and 36 filed against it. 17 are pending. Most are in the district courts.
Veremax Technologie Services was incorporated on 17 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
Veremax Technologie Services has 7 deals on record (4 rights issues, 3 secondary share transfers); the latest was in February 2021.
Sankaran Achary Sathasivam was appointed as Director on 08 Dec 2024. Npalanisamy Raja ceased to be Managing Director on 19 Jun 2023. Narayanan Muthupandian Lakshminarayanan ceased to be Additional Director on 29 Nov 2021. Veremax Technologie Services has 12 board changes on record in total.
Veremax Technologie Services can be reached through the website veremax.co.in. Its registered office is in Chennai, Tamil Nadu, India.
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