MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0001810
Veritas Industries Private Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹151.04 Cr
▼ 4% YoY
Net profit · FY 2025
₹4.87 Cr
Net margin 3.2%
EBITDA · FY 2025
₹13.59 Cr
EBITDA margin 9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹60.55 Cr
Satisfied ₹7 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
51
Provident fund records
About Veritas Industries Private Limited
Data last updated:
Veritas Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the cable and wire segment of the manufacturing sector. It was incorporated on 13 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC160455. Its GSTIN is 24AACCV7877R1ZB (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Siddhant Infrastructure Private Limited. It is led by directors Satya Rajendra Agrawal and Siddharth Rajendra Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 417 Nirmal Corporate Centre 4th Floor, L.B.S. Marg Mulund West Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹151.04 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.87 Cr (net margin 3.2%) and EBITDA of ₹13.59 Cr (EBITDA margin 9%).
The company has about 51 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹60.55 Cr and satisfied charges of ₹7 Cr on record. Court records list 20 cases involving the company, including 17 filed by the company and 3 filed against it; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹90.2 Lakh; the latest was in February 2017. Its 6 peer companies in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Pengg Usha Martin Wires Private Limited with revenue of ₹246.81 Cr. The company has 93 MSME Form 1 returns on record between 2012 and 2023, listing 1,407 overdue payments to 116 micro and small suppliers.
Veritas Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001810). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website systematicltd.com.
Company details
CIN U45200MH2006PTC160455
Registration Number 160455
Incorporation Date 13 March 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0001810
Recognitions & Rankings of Veritas Industries
Contact details
Veritas Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is systematicltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address417 Nirmal Corporate Centre 4th Floor, L.B.S. Marg Mulund West Mumbai, Maharashtra, India – 400080
- IndustryManufacturing, Cable & Wire
To see the full contact details of Veritas Industries Private Limited, buy the company report.
Comprehensive company report
Veritas Industries Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Veritas Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Veritas Industries Private Limited, buy the company report.
Financials of Veritas Industries Private Limited
FY 2025 filings availableVeritas Industries Private Limited reported revenue of ₹151.04 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹151.04 Cr ▼ 4%
Net profit · FY 2025
₹4.87 Cr margin 3.2%
EBITDA · FY 2025
₹13.59 Cr margin 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
EBITDA CAGR growth
1 year
▼ 21%
Revenue fell 4% in the latest year. EBITDA fell 21% in the latest 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 | |||||
| Other Income | |||||
| Total Revenue | ₹151.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9% | ||||
| Net Profit Margin | 3.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Veritas Industries Private Limited, buy the company report.
Board of directors of Veritas Industries Private Limited
Veritas Industries has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satya Rajendra Agrawal | Director | 22 Apr 2013 | 13 Years 6 Months | Current |
| Siddharth Rajendra Agarwal | Director | 13 Mar 2006 | 20 Years 7 Months | Current |
Peer comparison
Veritas Industries Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pengg Usha Martin Wires Private Limited | ₹246.81 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Miki Wire Works Private Limited | ₹241.86 Cr (FY 2025) | 5.0% | Ranchi, Jharkhand, India | |||
| Mahalaxmi Wiredrawings Private Limited | ₹234.97 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Shivam Hi-Tech Steels Private Limited | ₹234.73 Cr (FY 2025) | -1.0% | Bhilai, Chhattisgarh, India | |||
| Nevatia Steel and Alloys Pvt Ltd | ₹232.51 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Omkamal Steel Private Limited | ₹228.77 Cr (FY 2025) | -6.0% | Bhilai, Chhattisgarh, India | |||
| Veritas Industries Private Limitedthis company | ₹151.04 Cr (FY 2025) | ₹4.87 Cr | 3.2% | -4.0% | 51 | Mumbai, Maharashtra, India |
To see the full peer comparison of Veritas Industries Private Limited, buy the company report.
Auditor
Veritas Industries Private Limited is audited by Anand Mukul Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anand Mukul Associates | FY 2025 | 115985W |
Shareholding
The shareholding of Veritas Industries Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veritas Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60.55 Cr
Satisfied charges
₹7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2025 | 101112889 | Others | ₹1 Cr | Open | |
| 20 Jun 2017 | 100108073 | Yes Bank Limited | ₹26.77 Cr | Open | |
| 27 Feb 2017 | 100107548 | Yes Bank Limited | ₹32.77 Cr | Open | |
| 26 Jul 2012 | 10370821 | Idbi Bank Limited | ₹5 Cr | Satisfied | |
| 28 Oct 2009 | 10256466 | Idbi Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Veritas Industries Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Veritas Industries Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹90.2 Lakh; the latest was in February 2017.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹90.2 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Apr 2013 | Funding round | ₹41.2 Lakh | Investors: 3 individuals |
| Sep 2012 | Funding round | ₹49 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Veritas Industries Private Limited has 20 court cases on record: 17 filed by Veritas Industries, 3 filed against it. 2 cases are pending and 18 are disposed.
Total cases
20
Filed by the company
17
Filed against the company
3
Pending
2
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 1 | 2 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (RFA(COMM)) | Filed against the company by M/S Hanumant Polymers Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed against the company by Hanumant Polymers Pvt Ltd | Disposed |
| District court, West, Delhi | Commercial suit | Filed against the company by M/S Hanumant Polymers Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Kalpatech Engineers and Industries Ltd | Disposed |
| Bombay High Court | Company petition | Filed by the company against M S Railtech Consultants Pvt. Ltd. Cin No. U74900pn2009ptc133726 | Disposed |
To see the full case history of Veritas Industries Private 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.
MSME payment delays
Veritas Industries Private Limited has 93 MSME Form 1 returns on record between 2012 and 2023, listing 1,407 overdue payments to 116 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 116)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Back Bone Engineers | |||
| an individual supplier |
To see the full MSME payment records of Veritas Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Veritas Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Wire Brigade Industries Private Limited | U27109MH2020PTC352035 |
To see the full group structure of Veritas Industries Private Limited, buy the company report.
Employees & EPFO
Veritas Industries Private Limited has a workforce of 51 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
6.25%
GST
Veritas Industries has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV7877R1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Veritas Industries Private Limited, buy the company report.
Recent activity
Veritas Industries Private Limited has 7 board changes on record since 2006: 2 appointments and 5 cessations. The latest: Vikas Navin Hegde ceased to be Additional Director on 20 Mar 2025.
AGM
Veritas Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 101112889 was registered on 20 May 2025.
Filing
Veritas Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Vikas Navin Hegde ceased to be Additional Director.
Charges
A charge with Yes Bank Limited of Rs. 32.77 Cr registered on 27 Feb 2017 with Charge ID 100107548 was modified on 17 Jan 2022.
Charges
A charge with Yes Bank Limited of Rs. 26.77 Cr registered on 20 Jun 2017 with Charge ID 100108073 was modified on 13 Dec 2021.
Ceased
Dhruv Subhash Mittal ceased to be Director.
Charges
A charge registered on 28 Oct 2009 via Charge ID 10256466 with Idbi Bank Limited was fully satisfied on 03 Nov 2017.
Charges
A charge with Yes Bank Limited amounted to Rs. 26.77 Cr with Charge ID 100108073 was registered on 20 Jun 2017.
Charges
A charge registered on 26 Jul 2012 via Charge ID 10370821 with Idbi Bank Limited was fully satisfied on 20 May 2017.
Charges
A charge with Idbi Bank Limited of Rs. 2.00 Cr registered on 28 Oct 2009 with Charge ID 10256466 was modified on 20 May 2017.
Charges
A charge with Yes Bank Limited amounted to Rs. 32.77 Cr with Charge ID 100107548 was registered on 27 Feb 2017.
9 earlier events are in the company report.
Frequently asked questions
Veritas Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in cable and wire, within the manufacturing industry. It was incorporated on 13 March 2006 (20+ years old) and is registered under CIN U45200MH2006PTC160455.
Veritas Industries has 2 current directors:
- Satya Rajendra Agrawal - Director
- Siddharth Rajendra Agarwal - Director
The latest financial statements of Veritas Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Veritas Industries is 24AACCV7877R1ZB, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Veritas Industries is U45200MH2006PTC160455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veritas Industries has 20 court cases on record: 17 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Veritas Industries was incorporated on 13 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Veritas Industries has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹90.2 Lakh; the latest was in February 2017.
The peers of Veritas Industries by revenue are Pengg Usha Martin Wires Private Limited, Miki Wire Works Private Limited, Mahalaxmi Wiredrawings Private Limited, Shivam Hi-Tech Steels Private Limited, Nevatia Steel and Alloys Pvt Ltd and 1 more, all in the Manufacturing industry (Cables and Wires), with the same principal business activity (metal and metal products).
Vikas Navin Hegde ceased to be Additional Director on 20 Mar 2025. Dhruv Subhash Mittal ceased to be Director on 28 Jun 2021. Satya Rajendra Agrawal was appointed as Director on 22 Apr 2013. Veritas Industries has 7 board changes on record in total.
Yes, Veritas Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0001810).
Veritas Industries has 93 MSME Form 1 returns on record between 2012 and 2023, listing 1,407 overdue payments to 116 micro and small suppliers. The latest return was filed on 15 Dec 2023.
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