Veritas (India) Limited

BSE: 512229
Veritas (India) Limited - chemicals and materials in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L23209MH1985PLC035702 Incorporated 21 March 1985 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 512229 Public Limited Company chemicals and materials
Data last updated
Revenue · FY 2026
₹3,112.63 Cr
▼ 24.06% YoY
EBITDA · FY 2026
₹88.15 Cr
▼ 54.55% YoY
Net profit · FY 2026
₹19.7 Cr
▼ 82.65% YoY
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.68 Cr
Issued & subscribed
Open charges
None
Satisfied ₹147.57 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
19
Latest available

About Veritas (India) Limited

Data last updated: 21 December 2025

Veritas (India) Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Swan Energy Limited. It specialises in chemical distribution and retail, a part of the broader chemicals and materials sector. Incorporated on 21 March 1985, the company has been in operation for over 41 years.

Registered with ROC Mumbai under CIN L23209MH1985PLC035702. Listed on BSE: 512229.

Capital: an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.68 Cr. Formerly known as Duroflex Engineering Limited. It is led by directors including Rohinton Eruch Shroff and Sunil Sudarshan Sehgal.

Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹4,103.92 Cr, a growth of 5% compared to the previous year.

The company has a workforce of approximately 19 employees as per the latest available data. It operates as a subsidiary of Swan Energy Limited. Its group structure includes 3 subsidiaries.

The company is associated with 1 brand - Veritas India. As per MCA filings, the company has satisfied charges of ₹147.57 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veritasindia.net.

Company Details of Veritas (India) Limited
CIN L23209MH1985PLC035702
Registration Number 035702
Incorporation Date 21 March 1985
ROC Mumbai
Listing Status Listed (BSE: 512229)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Swan Energy Limited
Compliance Status Active Compliant
Key People
Paresh Vasantlal Merchant Managing Director Rohinton Eruch Shroff Director Sunil Sudarshan Sehgal Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    veritasindia.net
  • Social Media
  • Registered Address
    Floor – 1 Plot – 18 Vakil Building S Ram Gulam Marg, New Custom House Ballard Estate., Mumbai, Maharashtra, India – 400001
  • Industry
    Chemicals and Materials, Chemical Distribution & Retail
Company report
Veritas (India) Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Veritas (India) Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Veritas (India) Limited

Veritas (India) Limited has one previous CIN (Corporate Identification Number): U23209MH1985PLC035702. The current CIN is L23209MH1985PLC035702, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L23209MH1985PLC035702 Current
U23209MH1985PLC035702 Previous

Associated Brands with Veritas (India) Limited

Veritas (India) Limited operates one associated brand: Veritas India. These brands represent Veritas (India) Limited's diversified market presence and brand portfolio.

Brand Description Website
Veritas India
International trader and distributor of chemicals, petrochemicals, polymers, and paper products veritasindia.net

Business Activity of Veritas (India) Limited

Veritas (India) Limited is engaged in the principal business activity of trade, with detailed activities including wholesale trading.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G1 Wholesale Trading *********

Auditor Details of Veritas (India) Limited

Veritas (India) Limited is audited by Shabbir & Rita Associates LLP (ICAI peer reviewed, certificate valid till 2028-02-29) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Shabbir & Rita Associates LLP (ICAI peer reviewed, certificate valid till 2028-02-29) FY 2026 Declaration of unmodified opinion

Board of Directors of Veritas (India) Limited

Veritas (India) Limited is currently managed by 8 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rohinton Eruch Shroff
Also directs: Swan Corp Limited, Veritas (India) Limited, Cardinal Energy And Infrastructure Private Limited and 4 more
Director 23 Feb 2023 3 Years 4 Months Current
Sunil Sudarshan Sehgal
Also directs: Veritas (India) Limited, Veritas Polychem Private Limited, Veritas Infra & Logistics Private Limited and 1 more
Director 13 Nov 2025 0 Years 7 Months Current
Vijay Haridas Shah
Also directs: Veritas (India) Limited, Padmavati Motels And Resorts Private Limited, Eastern International Hotels Limited
Director 14 Aug 2019 6 Years 10 Months Current
Arun Satyanarain Agarwal
Also directs: Veritas (India) Limited, Veritas Polychem Private Limited, Intlxpos Enterprises Private Limited and 2 more
Director 30 Aug 2024 1 Years 10 Months Current
Paresh Vasantlal Merchant
Also directs: Swan Corp Limited, Veritas (India) Limited, Cardinal Energy And Infrastructure Private Limited and 5 more
Managing Director 28 Dec 2023 2 Years 6 Months Current
Bhagyashri Parag Dixit
Also directs: Veritas (India) Limited
Director 13 Aug 2025 0 Years 10 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Veritas (India) Limited FY 2026 filings available

Veritas (India) Limited reported revenue of ₹3,112.63 Cr (down 24.06% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹3,112.63 Cr ▼ 24.06%
Profit · FY 2026
₹19.7 Cr ▼ 82.65%
EBITDA · FY 2026
₹88.15 Cr ▼ 54.55%
Revenue₹ Cr · Consolidated02,0004,0006,000FY 2019: ₹1,876 Cr1,876FY 2019FY 2020: ₹2,037 Cr · +8.6% YoY2,037+8.6%FY 2020FY 2021: ₹1,876 Cr · -7.9% YoY1,876-7.9%FY 2021FY 2022: ₹2,131 Cr · +13.6% YoY2,131+13.6%FY 2022FY 2023: ₹2,163 Cr · +1.5% YoY2,163+1.5%FY 2023FY 2024: ₹3,855 Cr · +78.2% YoY3,855+78.2%FY 2024FY 2025: ₹4,099 Cr · +6.3% YoY4,099+6.3%FY 2025FY 2026: ₹3,113 Cr · -24.1% YoY3,113-24.1%FY 2026
Net Profit₹ Cr · Consolidated0100200FY 2019: ₹44 Cr43.6FY 2019FY 2020: ₹122 Cr · +180.2% YoY122+180.2%FY 2020FY 2021: ₹109 Cr · -10.5% YoY109-10.5%FY 2021FY 2022: ₹105 Cr · -4.3% YoY105-4.3%FY 2022FY 2023: ₹95 Cr · -9.5% YoY94.8-9.5%FY 2023FY 2024: ₹187 Cr · +97.1% YoY187+97.1%FY 2024FY 2025: ₹114 Cr · -39.2% YoY114-39.2%FY 2025FY 2026: ₹20 Cr · -82.7% YoY19.7-82.7%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year01,0002,000Q1'25: ₹756 Cr756Q1'25Q2'25: ₹916 Cr916Q2'25Q3'25: ₹1,642 Cr1,642Q3'25Q4'25: ₹786 Cr786Q4'25Q1'26: ₹587 Cr · -22.3% YoY587-22.3%Q1'26Q2'26: ₹1,006 Cr · +9.9% YoY1,006+9.9%Q2'26Q3'26: ₹988 Cr · -39.9% YoY988-39.9%Q3'26Q4'26: ₹532 Cr · -32.3% YoY532-32.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹3,112.63 Cr ₹4,099.05 Cr ₹3,854.53 Cr ₹2,163.22 Cr ₹2,131.48 Cr ₹1,876.27 Cr ₹2,036.85 Cr ₹1,875.7 Cr
Other Income ₹2.74 Cr ₹4.87 Cr ₹56.9 Cr ₹4.73 Cr ₹38.89 Lakh ₹4.26 Cr ₹49.71 Cr ₹12.25 Cr
Total Income ₹3,115.37 Cr ₹4,103.92 Cr ₹3,911.43 Cr ₹2,167.95 Cr ₹2,131.87 Cr ₹1,880.53 Cr ₹2,086.55 Cr ₹1,887.95 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹2,969.65 Cr ₹3,854.93 Cr ₹3,594.49 Cr ₹1,941.53 Cr ₹2,029.82 Cr ₹1,673.94 Cr ₹1,744.09 Cr ₹1,850.75 Cr
Changes in Inventories ₹40.2 Lakh ₹42.65 Lakh ₹1.79 Cr ₹34.96 Cr -₹78.47 Cr -₹20.61 Lakh ₹120.55 Cr -₹105.97 Cr
Employee Benefit Expense ₹18.67 Cr ₹20.95 Cr ₹16.11 Cr ₹9.62 Cr ₹6.19 Cr ₹7.08 Cr ₹11.66 Cr ₹8.11 Cr
Finance Costs ₹27.19 Cr ₹40.63 Cr ₹31.12 Cr ₹17.27 Cr ₹19.15 Cr ₹24.28 Cr ₹34.75 Cr ₹50.57 Cr
Depreciation & Amortisation ₹41.33 Cr ₹39.43 Cr ₹42.54 Cr ₹34.43 Cr ₹31.96 Cr ₹31.8 Cr ₹30.12 Cr ₹24.88 Cr
Other Expenses ₹38.49 Cr ₹33.65 Cr ₹37.49 Cr ₹34.63 Cr ₹17.42 Cr ₹32.73 Cr ₹22.95 Cr ₹13.15 Cr
Total Expenses ₹3,095.74 Cr ₹3,990.01 Cr ₹3,723.54 Cr ₹2,072.44 Cr ₹2,026.08 Cr ₹1,769.63 Cr ₹1,964.12 Cr ₹1,841.5 Cr
Profit Before Exceptional Items & Tax ₹19.64 Cr ₹113.91 Cr ₹187.89 Cr ₹95.51 Cr ₹105.79 Cr ₹110.9 Cr ₹122.43 Cr ₹46.45 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹19.64 Cr ₹113.91 Cr ₹187.89 Cr ₹95.51 Cr ₹105.79 Cr ₹110.9 Cr ₹122.43 Cr ₹46.45 Cr
Total Tax Expense -₹6.64 Lakh ₹34.93 Lakh ₹1.04 Cr ₹70.96 Lakh ₹1.09 Cr ₹1.46 Cr ₹14.2 Lakh ₹2.81 Cr
Net Profit ₹19.7 Cr ₹113.56 Cr ₹186.85 Cr ₹94.8 Cr ₹104.7 Cr ₹109.44 Cr ₹122.29 Cr ₹43.64 Cr
  attributable to Owners ₹0 - ₹0 - ₹0 - ₹0 -
  attributable to NCI ₹0 - ₹0 - ₹0 - ₹0 -
Other Comprehensive Income ₹128.19 Cr ₹29.43 Cr ₹13.29 Cr ₹61.78 Cr ₹20 Cr -₹13.4 Cr -₹37.04 Cr -₹4.77 Lakh
Total Comprehensive Income ₹147.89 Cr ₹142.99 Cr ₹200.14 Cr ₹156.58 Cr ₹124.69 Cr ₹96.04 Cr ₹85.25 Cr ₹43.59 Cr
EBITDA (computed) ₹88.15 Cr ₹193.97 Cr ₹261.55 Cr ₹147.21 Cr ₹156.91 Cr ₹166.99 Cr ₹187.3 Cr ₹121.91 Cr
Basic EPS ₹7.35 ₹42.36 ₹69.69 ₹35.36 ₹39.05 ₹40.82 ₹45.61 ₹16.28
Diluted EPS ₹7.35 ₹42.36 ₹69.69 ₹35.36 ₹39.05 ₹40.82 ₹45.61 ₹16.28
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹4,715.72 Cr ₹3,836.17 Cr ₹4,183.1 Cr ₹4,121.14 Cr ₹4,001.43 Cr ₹3,285.26 Cr ₹3,295.03 Cr ₹2,978.06 Cr
Non-current Assets ₹2,504.92 Cr ₹2,422.87 Cr ₹2,445.5 Cr ₹2,406.24 Cr ₹2,327.97 Cr ₹2,322.27 Cr ₹2,377.4 Cr ₹2,233.61 Cr
Current Assets ₹2,210.81 Cr ₹1,413.3 Cr ₹1,737.6 Cr ₹1,714.9 Cr ₹1,673.45 Cr ₹962.99 Cr ₹917.63 Cr ₹744.45 Cr
Property, Plant & Equipment ₹2,042.84 Cr ₹2,032.93 Cr ₹2,051.75 Cr ₹2,052.63 Cr ₹1,984.4 Cr ₹1,981.56 Cr ₹2,038.48 Cr ₹1,895.55 Cr
Inventories ₹41.73 Cr ₹41.65 Cr ₹42.08 Cr ₹44.12 Cr ₹78.86 Cr ₹36.72 Lakh ₹16.12 Lakh ₹120.71 Cr
Trade Receivables ₹2,095.65 Cr ₹1,284.81 Cr ₹1,658.55 Cr ₹1,649.16 Cr ₹1,573.74 Cr ₹913.78 Cr ₹864.84 Cr ₹539.2 Cr
Cash & Equivalents ₹16.8 Cr ₹40.2 Cr ₹18.72 Cr ₹7.68 Cr ₹6.33 Cr ₹46.09 Cr ₹42.04 Cr ₹72.12 Cr
Equity (Net Worth) ₹2,864.22 Cr ₹2,665.45 Cr ₹2,510.14 Cr ₹2,303.68 Cr ₹2,111.16 Cr ₹1,973.63 Cr ₹1,889.13 Cr ₹1,697.18 Cr
Equity Share Capital ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr
Borrowings (Non-current) ₹67.53 Cr ₹0 ₹0 ₹36.3 Cr ₹130.84 Cr ₹272.38 Cr ₹298.89 Cr ₹385.1 Cr
Borrowings (Current) ₹362.38 Cr ₹49.9 Cr ₹48.07 Cr ₹0 ₹0 ₹0 ₹0 ₹110.03 Cr
Total Debt (computed) ₹429.91 Cr ₹49.9 Cr ₹48.07 Cr ₹36.3 Cr ₹130.84 Cr ₹272.38 Cr ₹298.89 Cr ₹495.13 Cr
Current Liabilities ₹1,522.39 Cr ₹896.26 Cr ₹409.22 Cr ₹1,108.26 Cr ₹1,370.72 Cr ₹446.82 Cr ₹657.03 Cr ₹582.62 Cr
Total Liabilities ₹1,851.5 Cr ₹1,170.72 Cr ₹1,672.95 Cr ₹1,817.46 Cr ₹1,890.27 Cr ₹1,311.63 Cr ₹1,405.9 Cr ₹1,280.88 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹232.68 Cr ₹28.93 Cr ₹55.81 Cr ₹80.61 Cr ₹120.8 Cr
Investing Cash Flow -₹89.11 Lakh ₹19.06 Cr -₹31.75 Cr -₹3.37 Cr ₹27.01 Cr
Financing Cash Flow ₹210.17 Cr -₹26.51 Cr -₹13.01 Cr -₹75.89 Cr -₹147.84 Cr
Capital Expenditure ₹6.11 Lakh ₹3.58 Cr ₹26.26 Cr -₹3.45 Cr ₹1.72 Lakh
Free Cash Flow (computed) -₹232.74 Cr ₹25.34 Cr ₹29.55 Cr ₹77.16 Cr ₹120.78 Cr
Dividends Paid ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh
Net Change in Cash -₹23.4 Cr ₹21.47 Cr ₹11.04 Cr ₹1.35 Cr -₹3.17 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹531.74 Cr ₹987.83 Cr ₹1,006.4 Cr ₹586.66 Cr ₹785.56 Cr ₹1,642.46 Cr ₹915.51 Cr ₹755.52 Cr
Other Income -₹27.88 Lakh ₹57.08 Lakh -₹33.04 Lakh ₹2.78 Cr -₹11.8 Cr ₹3.12 Cr ₹13.01 Cr ₹53.59 Lakh
Total Income ₹531.46 Cr ₹988.4 Cr ₹1,006.07 Cr ₹589.44 Cr ₹773.76 Cr ₹1,645.58 Cr ₹928.52 Cr ₹756.06 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹503.31 Cr ₹948.37 Cr ₹976.89 Cr ₹541.08 Cr ₹731.93 Cr ₹1,593.04 Cr ₹852.7 Cr ₹677.26 Cr
Changes in Inventories ₹1.23 Lakh ₹40.76 Lakh -₹1.25 Lakh -₹54,000 ₹16.86 Cr -₹16.89 Cr ₹32.11 Lakh ₹13.72 Lakh
Employee Benefit Expense ₹3.6 Cr ₹5.15 Cr ₹5.32 Cr ₹4.61 Cr ₹5.02 Cr ₹5.07 Cr ₹5.41 Cr ₹5.45 Cr
Finance Costs ₹15 Cr ₹3.23 Cr ₹4.39 Cr ₹4.57 Cr ₹5.84 Cr ₹13.16 Cr ₹14.05 Cr ₹7.59 Cr
Depreciation & Amortisation ₹10.52 Cr ₹10.52 Cr ₹10.31 Cr ₹9.97 Cr ₹9.94 Cr ₹9.95 Cr ₹10.1 Cr ₹9.43 Cr
Other Expenses ₹15.73 Cr ₹9.08 Cr ₹8.57 Cr ₹5.12 Cr ₹5.39 Cr ₹10.96 Cr ₹8.95 Cr ₹8.35 Cr
Total Expenses ₹548.17 Cr ₹976.75 Cr ₹1,005.47 Cr ₹565.35 Cr ₹774.97 Cr ₹1,615.29 Cr ₹891.53 Cr ₹708.22 Cr
Profit Before Exceptional Items & Tax -₹16.71 Cr ₹11.65 Cr ₹60.01 Lakh ₹24.1 Cr -₹1.21 Cr ₹30.29 Cr ₹36.99 Cr ₹47.84 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹16.71 Cr ₹11.65 Cr ₹60.01 Lakh ₹24.1 Cr -₹1.21 Cr ₹30.29 Cr ₹36.99 Cr ₹47.84 Cr
Total Tax Expense -₹78.61 Lakh ₹76.76 Lakh ₹28,000 -₹5.07 Lakh -₹10.93 Lakh ₹36.13 Lakh ₹33.33 Lakh -₹23.62 Lakh
Net Profit -₹15.93 Cr ₹10.88 Cr ₹59.73 Lakh ₹24.15 Cr -₹1.1 Cr ₹29.93 Cr ₹36.66 Cr ₹48.07 Cr
  attributable to Owners ₹0 ₹0 - - - ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 - - - ₹0 ₹0 ₹0
Other Comprehensive Income ₹66.6 Cr ₹16.05 Cr ₹46.07 Cr ₹0 -₹1.03 Cr ₹24.95 Cr ₹4.48 Cr ₹1.03 Cr
Total Comprehensive Income ₹50.67 Cr ₹26.93 Cr ₹46.67 Cr ₹24.15 Cr -₹2.13 Cr ₹54.88 Cr ₹41.14 Cr ₹49.1 Cr
EBITDA (computed) ₹8.81 Cr ₹25.4 Cr ₹15.3 Cr ₹38.64 Cr ₹14.57 Cr ₹53.4 Cr ₹61.15 Cr ₹64.86 Cr
Basic EPS ₹-5.94 ₹4.06 ₹0.22 ₹9.01 ₹-0.41 ₹11.16 ₹13.67 ₹17.93
Diluted EPS ₹-5.94 ₹4.06 ₹0.22 ₹9.01 ₹-0.41 ₹11.16 ₹13.67 ₹17.93
Latest 8 quarters shown.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Distribution & Development ₹510.23 Cr -₹3.26 Cr ₹3,032.08 Cr ₹872.33 Cr
Warehousing ₹21.51 Cr ₹4.63 Cr ₹1,319.1 Cr ₹943.03 Cr
Manufacturing ₹0 ₹0 ₹362.38 Cr ₹36.16 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Distribution & Development ₹3,046.08 Cr ₹50.21 Cr - -
Warehousing ₹66.55 Cr -₹3.39 Cr - -
Manufacturing ₹0 ₹0 - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹23.67 Cr ₹323.14 Cr ₹245.32 Cr ₹227.93 Cr ₹353.9 Cr ₹422.85 Cr ₹542.7 Cr ₹611.53 Cr
Other Income ₹2.23 Cr ₹1.44 Cr ₹2.27 Cr ₹6.75 Cr ₹2.56 Cr ₹8.41 Cr ₹6.93 Cr ₹12.97 Cr
Total Income ₹25.9 Cr ₹324.58 Cr ₹247.59 Cr ₹234.69 Cr ₹356.45 Cr ₹431.27 Cr ₹549.63 Cr ₹624.5 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹309.95 Cr ₹231.61 Cr ₹180.67 Cr ₹420.71 Cr ₹407.65 Cr ₹406.44 Cr ₹706.65 Cr
Changes in Inventories ₹0 -₹22.92 Lakh ₹2.93 Cr ₹34.96 Cr -₹78.47 Cr -₹20.61 Lakh ₹120.55 Cr -₹105.97 Cr
Employee Benefit Expense ₹1.78 Cr ₹2.71 Cr ₹2.89 Cr ₹3.79 Cr ₹2.31 Cr ₹1.67 Cr ₹1.92 Cr ₹1.9 Cr
Finance Costs ₹4.66 Lakh ₹1.22 Cr ₹2.38 Cr ₹30.49 Lakh ₹32.09 Lakh ₹25.43 Lakh ₹34.1 Lakh ₹3.06 Cr
Depreciation & Amortisation ₹12.51 Lakh ₹20.1 Lakh ₹33.2 Lakh ₹5.49 Lakh ₹28.46 Lakh ₹32.11 Lakh ₹47.43 Lakh ₹57.55 Lakh
Other Expenses ₹24.76 Cr ₹6.05 Cr ₹2.65 Cr ₹10.23 Cr ₹4.01 Cr ₹13.35 Cr ₹11.28 Cr ₹5.7 Cr
Total Expenses ₹26.71 Cr ₹319.9 Cr ₹242.79 Cr ₹230.01 Cr ₹349.16 Cr ₹423.03 Cr ₹541 Cr ₹611.91 Cr
Profit Before Exceptional Items & Tax -₹81.35 Lakh ₹4.69 Cr ₹4.81 Cr ₹4.68 Cr ₹7.29 Cr ₹8.24 Cr ₹8.62 Cr ₹12.6 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹81.35 Lakh ₹4.69 Cr ₹4.81 Cr ₹4.68 Cr ₹7.29 Cr ₹8.24 Cr ₹8.62 Cr ₹12.6 Cr
Total Tax Expense -₹6.64 Lakh ₹34.93 Lakh ₹1.03 Cr ₹70.83 Lakh ₹1.09 Cr ₹1.46 Cr ₹14.2 Lakh ₹2.82 Cr
Net Profit -₹74.71 Lakh ₹4.34 Cr ₹3.77 Cr ₹3.97 Cr ₹6.2 Cr ₹6.78 Cr ₹8.48 Cr ₹9.78 Cr
Other Comprehensive Income -₹12.11 Lakh ₹12.99 Lakh -₹1.63 Lakh ₹3.74 Lakh -₹10.51 Lakh ₹8.12 Lakh -₹5.77 Lakh -₹4.77 Lakh
Total Comprehensive Income -₹86.82 Lakh ₹4.47 Cr ₹3.76 Cr ₹4.01 Cr ₹6.09 Cr ₹6.86 Cr ₹8.43 Cr ₹9.73 Cr
EBITDA (computed) -₹64.18 Lakh ₹6.11 Cr ₹7.52 Cr ₹5.04 Cr ₹7.9 Cr ₹8.81 Cr ₹9.44 Cr ₹16.23 Cr
Basic EPS ₹-0.28 ₹1.62 ₹1.41 ₹1.48 ₹2.31 ₹2.53 ₹3.14 ₹3.65
Diluted EPS ₹-0.28 ₹1.62 ₹1.41 ₹1.48 ₹2.31 ₹2.53 ₹3.14 ₹3.65
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹502.69 Cr ₹491.27 Cr ₹503.01 Cr ₹494.99 Cr ₹549.03 Cr ₹553.93 Cr ₹527.16 Cr ₹392.28 Cr
Non-current Assets ₹423.4 Cr ₹419.88 Cr ₹424.14 Cr ₹390.34 Cr ₹377.73 Cr ₹332.16 Cr ₹307.38 Cr ₹154.86 Cr
Current Assets ₹79.28 Cr ₹71.39 Cr ₹78.87 Cr ₹104.65 Cr ₹171.31 Cr ₹221.77 Cr ₹219.78 Cr ₹237.43 Cr
Property, Plant & Equipment ₹94.34 Lakh ₹1.25 Cr ₹1.82 Cr ₹2.89 Cr ₹3 Cr ₹3.3 Cr ₹3.6 Cr ₹6.63 Cr
Inventories ₹41.17 Cr ₹41.17 Cr ₹40.94 Cr ₹43.87 Cr ₹78.83 Cr ₹36.72 Lakh ₹16.12 Lakh ₹120.71 Cr
Trade Receivables ₹6.27 Cr ₹1.05 Cr ₹13.24 Cr ₹43.28 Cr ₹77.35 Cr ₹193.02 Cr ₹182.22 Cr ₹59.03 Cr
Cash & Equivalents ₹53.47 Lakh ₹21.88 Lakh ₹1.03 Cr ₹58.51 Lakh ₹33.96 Lakh ₹79.59 Lakh ₹88.15 Lakh ₹21.2 Cr
Equity (Net Worth) ₹195.75 Cr ₹196.76 Cr ₹192.4 Cr ₹188.78 Cr ₹184.9 Cr ₹178.96 Cr ₹173.01 Cr ₹165.6 Cr
Equity Share Capital ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr ₹2.68 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹30.21 Cr ₹13.8 Cr ₹11.77 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Total Debt (computed) ₹30.21 Cr ₹13.8 Cr ₹11.77 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Current Liabilities ₹121.76 Cr ₹96.72 Cr ₹51.44 Cr ₹79.93 Cr ₹360.32 Cr ₹162.04 Cr ₹347.92 Cr ₹225.67 Cr
Total Liabilities ₹306.93 Cr ₹294.51 Cr ₹310.62 Cr ₹306.21 Cr ₹364.13 Cr ₹374.97 Cr ₹354.15 Cr ₹226.68 Cr
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹12.44 Cr -₹10.54 Cr -₹10.13 Cr ₹11.45 Cr ₹43.1 Cr
Investing Cash Flow -₹3.49 Cr ₹9.05 Cr ₹1.32 Cr -₹11.01 Cr -₹42.9 Cr
Financing Cash Flow ₹16.23 Cr ₹67.75 Lakh ₹9.26 Cr -₹18.9 Lakh -₹41.87 Lakh
Capital Expenditure ₹2.34 Lakh ₹1.43 Lakh ₹33.89 Lakh ₹20.25 Lakh ₹1.72 Lakh
Free Cash Flow (computed) -₹12.46 Cr -₹10.55 Cr -₹10.47 Cr ₹11.25 Cr ₹43.09 Cr
Dividends Paid ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh ₹13.41 Lakh
Net Change in Cash ₹30.59 Lakh -₹81.31 Lakh ₹44.67 Lakh ₹24.55 Lakh -₹21.46 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹4.5 Cr ₹12.3 Cr ₹6.88 Cr ₹0 ₹10.2 Cr ₹108.74 Cr ₹142.43 Cr ₹61.78 Cr
Other Income ₹21.85 Lakh ₹64.98 Lakh ₹20.36 Lakh ₹1.15 Cr ₹36.19 Lakh ₹36.1 Lakh ₹36.06 Lakh ₹36.04 Lakh
Total Income ₹4.72 Cr ₹12.94 Cr ₹7.08 Cr ₹1.15 Cr ₹10.56 Cr ₹109.1 Cr ₹142.79 Cr ₹62.14 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹6.81 Cr ₹104.22 Cr ₹138.96 Cr ₹59.96 Cr
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹62.27 Lakh -₹62.27 Lakh -₹26.93 Lakh ₹4.01 Lakh
Employee Benefit Expense ₹27.36 Lakh ₹31.24 Lakh ₹84.15 Lakh ₹35.48 Lakh ₹19.44 Lakh ₹89.52 Lakh ₹85.85 Lakh ₹76.31 Lakh
Finance Costs ₹1.16 Lakh ₹3.47 Lakh ₹3,000 ₹0 ₹81.59 Lakh ₹7.42 Lakh ₹29.84 Lakh ₹2.83 Lakh
Depreciation & Amortisation ₹2.43 Lakh ₹3.37 Lakh ₹3.35 Lakh ₹3.36 Lakh ₹3.69 Lakh ₹5.52 Lakh ₹4.27 Lakh ₹6.62 Lakh
Other Expenses ₹9.52 Cr ₹7.72 Cr ₹6.17 Cr ₹1.35 Cr ₹1.51 Cr ₹2.69 Cr ₹1.39 Cr ₹46.16 Lakh
Total Expenses ₹9.83 Cr ₹8.1 Cr ₹7.04 Cr ₹1.74 Cr ₹9.99 Cr ₹107.31 Cr ₹141.28 Cr ₹61.32 Cr
Profit Before Exceptional Items & Tax -₹5.11 Cr ₹4.85 Cr ₹4.04 Lakh -₹58.72 Lakh ₹57.16 Lakh ₹1.79 Cr ₹1.51 Cr ₹81.86 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax -₹5.11 Cr ₹4.85 Cr ₹4.04 Lakh -₹58.72 Lakh ₹57.16 Lakh ₹1.79 Cr ₹1.51 Cr ₹81.86 Lakh
Total Tax Expense -₹78.61 Lakh ₹76.76 Lakh ₹28,000 -₹5.07 Lakh -₹10.92 Lakh ₹36.13 Lakh ₹33.33 Lakh -₹23.62 Lakh
Net Profit -₹4.33 Cr ₹4.08 Cr ₹12.76 Lakh -₹53.65 Lakh ₹68.08 Lakh ₹1.43 Cr ₹1.17 Cr ₹1.05 Cr
Other Comprehensive Income -₹12.11 Lakh ₹0 ₹0 ₹0 ₹12.99 Lakh ₹0 ₹0 ₹0
Total Comprehensive Income -₹4.45 Cr ₹4.08 Cr ₹12.76 Lakh -₹53.65 Lakh ₹81.07 Lakh ₹1.43 Cr ₹1.17 Cr ₹1.05 Cr
EBITDA (computed) -₹5.08 Cr ₹4.92 Cr ₹7.42 Lakh -₹55.36 Lakh ₹1.42 Cr ₹1.92 Cr ₹1.85 Cr ₹91.31 Lakh
Basic EPS ₹-1.61 ₹1.52 ₹0.01 ₹-0.20 ₹0.25 ₹0.53 ₹0.44 ₹0.39
Diluted EPS ₹-1.61 ₹1.52 ₹0.01 ₹-0.20 ₹0.25 ₹0.53 ₹0.44 ₹0.39
Latest 8 quarters shown.
Segment · FY 2024 (annual) Revenue Result (PBIT) Assets Liabilities
Segment A - ( Trading Distribution & Development) ₹245.13 Cr ₹1.64 Cr - -
Segment B - (Power Generation) ₹19.08 Lakh -₹4.77 Lakh - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Veritas (India) Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Veritas (India) Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 55.01%, foreign institutional investors hold 9.70%, retail and other public shareholders hold 35.30% of Veritas (India) Limited. The company had 6,683 shareholders on record.

Promoters: 55.01%FII (Foreign Institutional): 9.70%Retail & Others: 35.30%
Mar 2026
QUARTER
55.01% Promoters
9.70% FII (Foreign Institutional)
35.30% Retail & Others
Promoter holding - history
Now 55.01% · Mar 2026High 55.01% · Jun 2023Low 55.01% · Jun 2023
54%54.8%55.5%56.3%57%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 55.01%Sep 2023: 55.01%Dec 2023: 55.01%Mar 2024: 55.01%Jun 2024: 55.01%Sep 2024: 55.01%Dec 2024: 55.01%Mar 2025: 55.01%Jun 2025: 55.01%Sep 2025: 55.01%Dec 2025: 55.01%Mar 2026: 55.01%55.01%55.01%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters55.01%55.01%55.01%55.01%55.01%55.01%
Public44.99%44.99%44.99%44.99%44.99%44.99%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters55.01%55.01%55.01%
Public44.99%44.99%44.99%
Promoter change (YoY, %pts)+0.00+0.00-

Group Structure of Veritas (India) Limited

Veritas (India) Limited has 3 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Veritas (India) Limited's business expansion strategy and organizational complexity.

3
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Veritas Agro Ventures Private Limited U01403TN2011PTC103236 -
Veritas Polychem Private Limited U24239MH2021PTC359869 -
Veritas Infra & Logistics Private Limited U74110MH2011PTC215010 -

Showing major subsidiaries. Total: 3.

Charges & Borrowings of Veritas (India) Limited

Open charges
₹0
Satisfied charges
₹147.57 Cr
Breakdown by lending institutions
Axis Bank Limited₹130.25 Cr
Punjab National Bank₹17.32 Cr
Latest charge details
DateLenderAmountStatus
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

Total charge records: 5 View all charges

Employees and EPFO Compliance at Veritas (India) Limited

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

Employee count
19
Active EPFO establishments
2
Employee growth
18.75%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Veritas (India) Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Veritas (India) Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Veritas (India) Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Veritas (India) Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Veritas (India) Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Veritas (India) Limited

MSME Payment Delays by Veritas (India) Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Veritas (India) Limited

Subsidiaries & Group Companies of Veritas (India) Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Veritas (India) Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Veritas (India) Limited

MCA Filings & Documents of Veritas (India) Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Veritas (India) Limited

Directors
13 Nov 2025
Sunil Sudarshan Sehgal was appointed as a Director on 13 Nov 2025 & has been associated with this company since 7 months 26 days.
Activity
26 Sep 2025
Veritas (India) Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Directors
10 Sep 2025
Rakesh Navnitlal Bharucha was appointed as a Cfo on 10 Sep 2025 & has been associated with this company since 9 months 29 days.
Directors
13 Aug 2025
Bhagyashri Parag Dixit was appointed as a Director on 13 Aug 2025 & has been associated with this company since 10 months 26 days.
Activity
31 Mar 2025
Veritas (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
23 Oct 2024
Arun Satyanarain Agarwal was appointed as a Company Secretary on 23 Oct 2024 & has been associated with this company since 1 year 8 months.

Recent News on Veritas (India) Limited

Frequently Asked Questions about Veritas (India) Limited

Veritas (India) Limited is an active public limited company in the chemicals and materials sector based in Mumbai, Maharashtra, India. It was incorporated on 21 March 1985 (41+ years old) and is registered under CIN L23209MH1985PLC035702. Listed on BSE: 512229. The company has 19 employees.

Veritas (India) Limited reported revenue of ₹4,103.92 Cr for FY 2025 (up 5.00% YoY).

The current directors of Veritas (India) Limited are:

The primary industry of Veritas (India) Limited is chemicals and materials. The company specifically operates in chemical distribution and retail. The company is currently active in this sector.

Yes. Veritas (India) Limited is listed on BSE with code 512229.

Veritas (India) Limited can be reached at the registered office: Floor – 1 Plot – 18 Vakil Building S Ram Gulam Marg, New Custom House Ballard Estate, Mumbai, Maharashtra, India – 400001, or through the website veritasindia.net.

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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