Veritas (India) Limited - Company Profile

It is a chemicals and materials public limited company based in Mumbai, Maharashtra, India, established in 1985.

1985 Mumbai, Maharashtra, India Active

Last Updated: December 21, 2025

About Veritas (India) Limited

Veritas (India) Limited, a active public limited company, was established on 21 March 1985 in Mumbai, Maharashtra, India. Engaging in chemical distribution & retail within the trade sector, it holds CIN: L23209MH1985PLC035702. Registered under ROC Roc Mumbai. it is listed on BSE: 512229. It has an authorized capital of ₹10.00 Cr and a paid-up capital of ₹2.68 Cr.

Formerly known as Duroflex Engineering Limited. It upholds a compliant status. In 2024, it reported revenue of ₹247.59 Cr and a net worth of ₹192.40 Cr. Employing 19 professional, Its leadership includes Rohinton Eruch Shroff (Director), Sunil Sudarshan Sehgal (Director), Vijay Haridas Shah (Director). Past directors included Ajay Prabhakar Paralkar, Hanoz Burzoo Chinoy, Lalitmohan Girdhar Sharma. It holds no open charges and ₹147.57 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Floor-1,Plot-18,Vakil Building,S S Ram Gulam Marg,, New Custom House,Ballard Estate., Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
L23209MH1985PLC035702
Registration Number
035702
Incorporation Date
21 March 1985
Authorized Capital
₹10.00 Cr
Paid-Up Capital
₹2.68 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 512229)
Company Status
Active

Key Metrics

Authorised Capital ₹ 10.00 Cr as on 21-12-2025
Paid Up Capital ₹ 2.68 Cr as on 21-12-2025
Company Age 40 Year, 10 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 147.57 Cr as on 21-12-2025
Revenue Growth **** 5.50% (FY 2024)
Profit Growth **** -4.94% (FY 2024)
Ebitda **** 405.60% (FY 2024)
Net Worth 1.92% (FY 2024)
Total Assets **** 1.62% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Veritas (India) 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 (India) Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rohinton Eruch Shroff	Director	23 Feb 2023	Current
Sunil Sudarshan Sehgal	Director	13 Nov 2025	Current
Vijay Haridas Shah	Director	14 Aug 2019	Current
Arun Satyanarain Agarwal	Director	30 Aug 2024	Current
Paresh Vasantlal Merchant	Managing Director	28 Dec 2023	Current
Bhagyashri Parag Dixit	Director	13 Aug 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	07 Dec 2007	Past
Pramod Abcsdd	Company Secretary	20 Apr 2013	Past
Pramod Abcsdd	Company Secretary	30 Dec 2022	Past
Pramod Abcsdd	Additional Director	13 Aug 2025	Past
Pramod Abcsdd	Additional Director	02 May 2023	Past
Pramod Abcsdd	Cfo	31 May 2025	Past

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Financial Performance of Veritas (India).

Veritas (India) Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 5.5% increase. The company also saw a slight decrease in profitability, with a 4.94% decrease in profit. The company's net worth moved up by a moderate rise of 1.92%.

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

********

5.50%

*******

Revenue from Operations

*******

7.63%

*******

Total Assets

*******

1.62%

*******

Profit or Loss

*******

-4.94%

*******

Net Worth

*******

1.92%

*******

EBITDA

*******

405.60%

*******

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What is the Ownership and Shareholding Structure of Veritas (India)?

In 2024, Veritas (India) had a promoter holding of 55.01% and a public holding of 45.00%. The company had 3 Subsidiaries. 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

₹0

Satisfied Charges

₹1,475,700,000.00

Charges Breakdown by Lending Institutions

Axis Bank Limited : 130.25 Cr
Punjab National Bank : 17.32 Cr

Latest Charge Details

Date	Lender	Amount	Status
28 Jul 2010	Axis Bank Limited	₹130.25 Cr	Satisfied
19 Mar 2010	Punjab National Bank	₹4.23 Cr	Satisfied
19 Mar 2010	Punjab National Bank	₹4.23 Cr	Satisfied
22 Aug 2009	Punjab National Bank	₹4.43 Cr	Satisfied
21 Aug 2009	Punjab National Bank	₹4.43 Cr	Satisfied

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How Many Employees Work at Veritas (India)?

Veritas (India) has a workforce of 19 employees as of Apr 02, 2025. 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 (India), 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 (India)'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 (India)

Recent Activity within the Organization

Director Appointment

Sunil Sudarshan Sehgal was appointed as a Director was appointed as a Director on 13 Nov 2025 & has been associated with this company since 3 months . was recorded as a recent event.
13 Nov 2025
Annual General Meeting

The activity Veritas (India) Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was completed.
26 Sep 2025
Director Appointment

Progress on Rakesh Navnitlal Bharucha was appointed as a Cfo was appointed as a Cfo on 10 Sep 2025 & has been associated with this company since 5 months 3 days . was documented.
10 Sep 2025
Director Appointment

The activity Bhagyashri Parag Dixit was appointed as a Director was appointed as a Director on 13 Aug 2025 & has been associated with this company since 6 months 1 day . was completed.
13 Aug 2025
Balance Sheet

The activity Veritas (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.
31 Mar 2025
Director Appointment

Arun Satyanarain Agarwal was appointed as a Company Secretary was appointed as a Company Secretary on 23 Oct 2024 & has been associated with this company since 1 year 3 months . was recorded as a recent event.
23 Oct 2024

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