About
Basic Data Updated:
17 days agoVeritas Finance Private Limited was established in 2015 and is a non-deposit taking NBFC (Non-Banking Finance Company) that is registered with the Reserve Bank of India. Its main focus is on providing financial assistance to entrepreneurs who are involved in micro, small, and medium enterprises (MSME) and have limited access to formal financial services. The company operates in various states such as Tamil Nadu, Puducherry, West Bengal, Orissa, and Karnataka. The registered office of the company is situated in Chennai, Tamil Nadu.
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U65923TN2015PTC100328 |
| Company No. | 100328 |
| Company Classification | Private Limited Indian Non-Government Company |
| Incorporation Date | 30 Apr 2015 |
| Date of AGM | 28 Jun 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Chennai |
Financials of Veritas Finance Private Limited
Veritas Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 53.77% increase. The company also saw a substantial improvement in profitability, with a 130.32% increase in profit. The company's net worth Soared by an impressive increase of 13.01%.
Corporate Structure
Unlock access to Veritas Finance's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Veritas Finance Private Limited
Unlock and access historical data on people associated with Veritas Finance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
Arulmany Duraisamy
Managing DirectorAppointment Date: 30-Apr-2015
Status: Current
VS
Venbakkam Suchindran CFOAppointment Date: 03-Apr-2019
Status: Current
VA
Venkatesan Aruna Company SecretaryAppointment Date: 04-Feb-2022
Status: Current
Board Members(9)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 21 Dec 2023 | ₹100.00 Cr | Open |
Others Creation Date: 24 Nov 2023 | ₹25.00 Cr | Open |
Indian Bank Creation Date: 16 Nov 2023 | ₹25.00 Cr | Open |
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
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Alert
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Related Corporates (Common Directorship)
Tamilnadu Urban Infrastructure Financial Services Limited
Active
27 years 6 months Mathew Joseph is a mutual person
Netafim Agricultural Financing Agency Private Limited
Active 12 years 9 months Abhijit Sen is a mutual person
Recent activity within the organization
Director Appointment
Sankarson Banerjee was appointed as a Director was appointed as a Director on 08 Apr 2024 & has been associated with this company since 1 month 12 days .
08 Apr 2024Charges
A charge with Others amounted to Rs. 100.00 cr with Charge ID 100837844 was registered on 21 Dec 2023.
21 Dec 2023Charges
A charge registered on 25 Sep 2020 via Charge ID 100373672 with Others was fully satisfied on 21 Dec 2023.
21 Dec 2023Charges
A charge with Others amounted to Rs. 25.00 cr with Charge ID 100829985 was registered on 24 Nov 2023.
24 Nov 2023Charges
A charge with Indian Bank amounted to Rs. 25.00 cr with Charge ID 100813348 was registered on 16 Nov 2023.
16 Nov 2023
Recent News, Updates & Announcement
Veritas Finance Secures 1200 Crore.Veritas Finance has the main goal of reaching out to clients who either lack access to or have insufficient access to financial services .
Viestories 06 Jul 2023
- Weekly Funding Roundup Fintech dominates with a 30M seed round.
YourStory 02 Nov 2018
- UK Govts CDC Group to Invest Rs100 Crore in Chennais Veritas Finance for Microfinance Expansion.
CDC Group Plc a UK government organization is planning to invest over Rs100 crore in Veritas Finance Pvt Ltd a Chennaibased NBFC that provides loans to micro and small enterprises Veritas is looking to raise funds to increase its loan book and expand its network CDC has previously invested in other microfinance institutions in India such as Janalakshmi Financial Services Equitas Holdings Ujjivan Financial Services and Utkarsh Micro Finance.
mint 30 Aug 2017
- Veritas Finance in talks to raise 15m.
Deal Street Asia 06 Dec 2016
- Chennaibased Veritas Finance gets Rs 30 crore from Sarva Capital others.
It will use the funds for expansion as well as increasing the range of financial services besides using a sizable amount of the capital for disbursing loans.
Economic Times 29 Mar 2016
Frequently asked questions
What is the Incorporation or founding date of Veritas Finance Private Limited?
