Veritas Finance Limited - Company Profile

Q: Who are the current directors of Veritas Finance Limited?

The current directors of Veritas Finance Limited are Sankarson Banerjee, Arulmany Duraisamy, Sudhir Narayanankutty Variyar, Susan Thomas, Parin Nalin Mehta, Raj Vikash Verma, Mathew Joseph, Priyamvada Ramkumar, Subramanian Suresh, Ramanathan Naveen Raj, Arulmany Duraisamy.

It is a financial services public limited company based in Chennai City Corporation, Tamil Nadu, India, established in 2015.

2015 Chennai City Corporation, Tamil Nadu, India Active

Last Updated: December 22, 2025

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About Veritas Finance Limited

Veritas Finance Limited, a active public limited company, was established on 30 April 2015 in Chennai City Corporation, Tamil Nadu, India. Engaging in investment & credit nbfc within the financial and insurance service sector, it holds CIN: U65923TN2015PLC100328. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹202.00 Cr and a paid-up capital of ₹131.28 Cr.

It upholds a compliant status. Employing 5,836 professional, Its leadership includes Sankarson Banerjee (Director), Arulmany Duraisamy (Managing Director), Sudhir Narayanankutty Variyar (Nominee Director). Past directors included Venkatesh Natarajan, Joycelyn Prakash Rayen, Sankarson Banerjee. It holds ₹9,229.00 Cr open charges and ₹2,465.55 Cr settled loans. Its latest AGM occurred on 21 July 2025, with the balance sheet filed on 31 March 2025. It is based at Skcl Central Square 1,, South And North Wing, 7Th Floor, Unit # C28 - C35, Cipet Road, Thiru Vi Ka Industrial Estate, Guindy, Chennai City Corporation, Tamil Nadu, 600032.

Company Details

CIN/LLPIN
U65923TN2015PLC100328
Registration Number
100328
Incorporation Date
30 April 2015
Authorized Capital
₹202.00 Cr
Paid-Up Capital
₹131.28 Cr
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 202.00 Cr as on 22-12-2025
Paid Up Capital ₹ 131.28 Cr as on 22-12-2025
Company Age 10 Year, 9 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 9,229.00 Cr as on 22-12-2025
Satisfied Charges ₹ 2,465.55 Cr as on 22-12-2025
Revenue Growth **** 64.73% (FY 2024)
Profit Growth **** 40.27% (FY 2024)
Ebitda **** 59.59% (FY 2024)
Net Worth 46.40% (FY 2024)
Total Assets **** 57.11% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Veritas Finance Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Veritas Finance Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sankarson Banerjee	Director	27 Mar 2024	Current
Arulmany Duraisamy	Managing Director	30 Apr 2015	Current
Sudhir Narayanankutty Variyar	Nominee Director	07 Jul 2023	Current
Susan Thomas	Director	16 Jul 2024	Current
Parin Nalin Mehta	Nominee Director	04 Feb 2022	Current
Raj Vikash Verma	Director	16 Jul 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	25 Sep 2019	Past
Pramod Abcsdd	Director	30 Nov 2015	Past
Pramod Abcsdd	Additional Director	19 Apr 2024	Past
Pramod Abcsdd	Managing Director	02 Jul 2020	Past
Pramod Abcsdd	Additional Director	09 Jul 2023	Past
Pramod Abcsdd	Nominee Director	24 Jan 2020	Past

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Financial Performance of Veritas Finance.

Veritas Finance Private Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 64.73% increase. The company also saw a substantial improvement in profitability, with a 40.27% increase in profit. The company's net worth Soared by an impressive increase of 46.4%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

64.73%

*******

Revenue from Operations

*******

63.36%

*******

Total Assets

*******

57.11%

*******

Profit or Loss

*******

40.27%

*******

Net Worth

*******

46.40%

*******

EBITDA

*******

59.59%

*******

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What is the Ownership and Shareholding Structure of Veritas Finance?

In 2024, Veritas Finance had a promoter holding of 11.70% and a public holding of 88.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹92,290,000,000.00

Satisfied Charges

₹24,655,500,000.00

Charges Breakdown by Lending Institutions

Others : 4689.00 Cr
State Bank Of India : 2100.00 Cr
Hdfc Bank Limited : 595.00 Cr
Yes Bank Limited : 590.00 Cr
Canara Bank : 350.00 Cr
Others : 905.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
05 Dec 2025	Others	₹320.00 Cr	Open
25 Sep 2025	Others	₹150.00 Cr	Open
23 Sep 2025	State Bank Of India	₹30.00 Cr	Open
23 Sep 2025	State Bank Of India	₹300.00 Cr	Open
23 Sep 2025	State Bank Of India	₹300.00 Cr	Open

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How Many Employees Work at Veritas Finance?

Veritas Finance has a workforce of 5836 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Veritas Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Veritas Finance's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Veritas Finance

Recent Activity within the Organization

Charges

Progress on A charge with Others amounted to Rs. 320.00 Cr with Charge ID 101197736 was registered on 05 Dec 2025. was documented.
05 Dec 2025
Charges

Progress on A charge registered on 25 Mar 2022 via Charge ID 100557454 with Idbi Bank Limited was fully satisfied on 28 Nov 2025. was documented.
28 Nov 2025
Charges

A charge with Others of Rs. 351.00 Cr registered on 10 Sep 2020 with Charge ID 100373688 was modified on 30 Oct 2025. was recorded as a recent event.
30 Oct 2025
Charges

The activity A charge registered on 27 Mar 2021 via Charge ID 100434727 with Tata Capital Financial Services Limited was fully satisfied on 24 Oct 2025. was completed.
24 Oct 2025
Charges

A charge registered on 29 Sep 2020 via Charge ID 100379945 with Hdfc Bank Limited was fully satisfied on 15 Oct 2025. was recorded as a recent event.
15 Oct 2025
Charges

Progress on A charge registered on 29 Sep 2022 via Charge ID 100612345 with Others was fully satisfied on 10 Oct 2025. was documented.
10 Oct 2025

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