What Veritas does

Veritas (India) Ltd is a publicly traded Indian company listed on the Bombay Stock Exchange under the ticker VERITAS, headquartered in Mumbai and operating with an estimated 11-50 employees. According to its short description, the company imports and exports chemicals, polymers, and paper boards, positioning it as a commodity trading intermediary rather than a manufacturer or technology-enabled platform. The company has been in operation since 1985, but its public-facing website (veritasindia.net) is currently non-functional, displaying only a generic verification page, and no product catalog, service offerings, or technology stack details are disclosed in available sources.

The company's revenue model is that of a trading business — generating income from the spread between import and export prices on chemicals, polymers, and paper board products — though no pricing models, margins, or contract structures are publicly disclosed. Veritas files routine regulatory disclosures with the BSE as part of its listed-company obligations. There are no disclosed subsidiaries, parent companies, or material investments, and no M&A, partnership, or leadership-change activity is on record. The firm has no identified technology platform, no AI capabilities, and no proprietary products in evidence.

Financially, Veritas has experienced a severe operational contraction. FY2026 (year ended March 2026) annual sales were Rs 23.67 crore, a 92.68% decline from Rs 323.14 crore in FY2025. The company swung from a Rs 4.34 crore net profit in FY2025 to a Rs 0.75 crore net loss in FY2026, and the Q4 FY2026 quarterly loss deepened to Rs 4.33 crore against a Rs 0.68 crore profit in the comparable prior-year quarter. No data on ownership concentration, promoter holdings, or institutional investors is available, leaving the capital structure and shareholder base substantially opaque despite the public listing.

Name

Veritas

Legal name

Veritas (India) Ltd

Website

https://veritasindia.net

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Veritas (India) Ltd is a Mumbai-based, BSE-listed trading company (founded 1985, 11-50 employees) that imports and exports chemicals, polymers, and paper boards in the Indian market.

Ownership category

akta.pro rank

Product category

Industrial Chemical Trading

NAICS

Chemical and Allied Products Merchant Wholesalers (4246)

SIC

Miscellaneous Chemical Products (2890)

akta.pro primary industry

Chemicals, Ingredients & Raw Materials Marketplaces (CRAFAHAK)

akta.pro secondary industry

Veneer & Specialty Wood Products Trading (IMAMAIAL)

Keywords

• Chemical trading
• Polymer distribution
• Paper board trading
• Industrial imports
• Commodity trading

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel

Core offering

Veritas (India) Ltd is an import-export trading company that sources and distributes chemicals, polymers, and paper boards to industrial buyers in India. The company operates a relatively small organization (11–50 employees) focused on cross-border commodity trade rather than manufacturing.

Product overview

Based on the available source data, no specific product or service information is available for Veritas. The sources primarily contain financial news about Veritas (India) Ltd reporting quarterly and annual financial results (net loss/profit, sales figures), and a brief mention of Veritas Capital's investment in Candescent fintech company. The company website (veritasindia.net) shows only a verification/waiting page with no accessible product content.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Atul Ltd: Atul Ltd is a diversified Indian chemicals company spanning intermediates, polymers, and performance chemicals. It is comparable as an India-listed, multi-product chemicals business with an export orientation similar to Veritas's import/export model.
• Aarti Industries: Aarti Industries is a leading Indian manufacturer and exporter of specialty chemicals and intermediates, listed on Indian exchanges. It is comparable as a Mumbai-headquartered, India-listed chemicals company serving global B2B customers, though it is vertically integrated manufacturing rather than pure trading.
• Brenntag India: Brenntag is the world's largest chemical distributor, with a substantial India operation. It is a broad incumbent comparable on business model (chemicals distribution and trading) and target customers (industrial buyers across multiple verticals), though it operates at vastly greater scale.
• BASF India: BASF India is the Indian subsidiary of the global chemicals major BASF SE, active across chemicals, polymers, and performance products in India. It overlaps with Veritas on chemicals and polymers distribution/trading, though at far larger scale and with manufacturing capabilities.

Direct peers

• IMCD India: IMCD India is the Indian arm of IMCD N.V., a global specialty chemicals and ingredients distributor. It is the closest direct peer: a B2B chemical distribution/trading platform with similar importer-exporter mechanics, multiple product verticals, and an India-centric customer base.
• Privi Speciality Chemicals: Privi Speciality Chemicals is an Indian manufacturer and global exporter of aroma chemicals and intermediates. It overlaps with Veritas on India-based chemicals manufacturing and export to industrial customers, with a comparable mid-cap scale.
• Vishnu Chemicals: Vishnu Chemicals is an India-listed specialty chemicals manufacturer and exporter focused on inorganic and organic intermediates. It is comparable as a small-to-mid-cap Indian chemicals exporter serving global B2B customers, with similar scale and product breadth.

Emerging players

• Tamil Nadu Newsprint and Papers: Tamil Nadu Newsprint and Papers (TNPL) is an Indian pulp, paperboard and packaging manufacturer. It is comparable on the paper-boards segment of Veritas's portfolio, though it is a manufacturing operation rather than an importer/trader.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veritas