LIVE BENCHMARK
MS - HMS 1
₹34500
▲
1.2
MS - HMS 2
₹34000
▲
0.8
MS Super
₹35500
▼
-0.3
MS Bazaar
₹33500
▲
2.1
MS Commercial
₹29000
▲
0.5
ALU Tread MA
₹290000
▼
-0.6
ALU Tread BS
₹217500
▲
1.8
ALU Extrusion CC
₹305000
▲
0.4
PET White
₹52000
▼
-1.1
PET Green
₹42000
▲
0.9
LEGAL & PRIVACY
Effective date: November, 2024
1. Introduction
Abnandan Enviro Private Limited (“Veloce Exchange”, “Veloce”, “we”, “us”, or “our”) operates a technology-led circular economy and industrial waste management platform connecting industrial waste generators, vendors, ecopreneurs and recyclers across India. This Privacy Policy explains how we collect, use, disclose, and protect personal data when you access or use:
• Our website at www.veloce.exchange;
•The Veloce Exchange mobile and web application;
• Any other website, application, or digital service operated by Abnandan Enviro Private Limited that links to this Policy (together, the “Platform”).
By accessing or using the Platform, you agree to the practices described in this Privacy Policy. If you do not agree with this Policy, please do not access or use the Platform.
2. Who We Are
Abnandan Enviro Private Limited (CIN: U38110KA2024PTC188809), a company incorporated under the Companies Act, 2013, with its registered office at [Registered Office Address], Bengaluru, Karnataka, India, is the “Data Fiduciary” (as defined under the Digital Personal Data Protection Act, 2023) responsible for the personal data processed through the Platform.
3. Who This Policy Applies To
This Policy applies to all users of the Platform, including:
• Waste generators - industrial clients listing or selling scrap and waste material
• Vendors, ecopreneurs and collection partners
• Recyclers and buyers participating in bidding, marketplace or trade transactions
• Hub visitors and walk-in counterparties
• General visitors to www.veloce.exchange
• Business contacts and job applicants, where separately notified.
4. Definitions
• Personal Data - any data about an individual who is identifiable by or in relation to such data.
• Data Principal - the individual to whom the personal data relates.
• Data Fiduciary - the entity that determines the purpose and means of processing personal data (Abnandan Enviro Private Limited).
• Data Processor - any entity that processes personal data on behalf of a Data Fiduciary.
• Processing - any operation performed on personal data, including collection, storage, use, sharing, and deletion.
5. Information We Collect
We collect the following categories of information depending on how you use the Platform:
Category
What We Collect
Why We Collect It
Account & Contact Information
Name, phone number, email address, designation, company name, login credentials
Creating and managing your account; authentication; communication
Business & KYC Verification
GSTIN, PAN, business registration documents, authorised signatory details, bank account and settlement details
Verifying vendors, buyers and ecopreneurs; enabling NBFC-backed payments; regulatory and tax compliance
Transaction & Trade Data
Material listings, grades, quantities, bids, offers, order history, pricing, invoices
Operating the Bidding Platform, Marketplace and Asset Liquidation services; billing and settlement
Location Data
Pickup and delivery addresses, hub locations, GPS coordinates during logistics dispatch
Coordinating pickup, transport and hub operations; route optimisation
Communications & Support Data
CRM records, support tickets, call and chat logs with our BD, Ops and support teams
Managing client and vendor relationships; resolving issues; training and quality review
Device & Usage Data
IP address, device identifiers, browser type, app usage logs, cookies
Platform security, performance monitoring, fraud prevention, analytics
ESG / EPR Programme Data
Brand, manufacturer or importer details, EPR registration data, credit fulfilment records
Delivering ESG and EPR consulting services and regulatory filings
6. How We Use Your Information
• To create and manage your account and verify identity and business credentials
• To operate the Bidding Platform, Marketplace, Asset Liquidation and ESG/EPR services
• To process payments and settlements, including through our NBFC partner
• To coordinate logistics, pickups and hub operations
• To communicate regarding transactions, support and account activity
• To comply with GST, environmental, Pollution Control Board and EPR obligations
• To detect, prevent and investigate fraud, misuse or security incidents
• To improve the Platform through analytics and product development
• To send service updates and, where you have consented, marketing communications.
7. Legal Bases for Processing
Under the Digital Personal Data Protection Act, 2023, we process personal data on the following bases:
• Consent - where you have given specific, informed consent, for example for account creation, marketing communications or location access
• Performance of a contract - to fulfil transactions you enter into on the Platform
• Legal obligation - to comply with tax, environmental and other regulatory requirements
• Certain “legitimate uses” permitted under the Act - such as when you voluntarily provide data for a specified purpose, for example submitting a bid.
8. How We Share Your Information
We do not sell your personal data. We share it only as necessary, and under appropriate safeguards, with:
• Transaction counterparties
• Our NBFC partner for T+0 vendor payments and working-capital facilitation
• Payment gateways and banks
• Logistics and transport partners
• Our technology partner, Crita Creative LLP, under confidentiality and data-processing obligations
• Regulators and authorities, including KSPCB, other Pollution Control Boards, tax authorities and law enforcement where legally required
• Professional advisors
• Corporate transaction counterparties under confidentiality obligations.
We require every third party we share personal data with to protect it consistently with this Policy and applicable law.
9. Cookies and Tracking Technologies
Our website and app use cookies and similar technologies to keep you logged in, remember preferences, and understand how the Platform is used. You can control cookies through your browser or device settings; disabling some cookies may limit certain features of the Platform.
10. Data Storage, Security and Retention
We store personal data on secure servers located in India and apply administrative, technical and organisational safeguards - including access controls, encryption in transit, and restricted internal access - to protect it against unauthorised access, loss, alteration or misuse. We retain personal data only for as long as necessary to fulfil the purposes described in this Policy, or as required by applicable law, after which it is securely deleted or anonymised.
11. Your Rights as a Data Principal
Under the Digital Personal Data Protection Act, 2023, you have the following rights in relation to your personal data:
Your Right
What It Means
Access
Request a summary of the personal data we hold about you and how it is processed.
Correction
Ask us to correct, complete or update inaccurate or outdated personal data.
Erasure
Ask us to delete personal data that is no longer necessary for the purpose it was collected, subject to legal retention requirements.
Withdraw Consent
Withdraw consent at any time where processing is based on consent. This does not affect processing carried out before withdrawal.
Nomination
Nominate another individual to exercise these rights on your behalf in the event of your death or incapacity.
Grievance Redressal
Raise a complaint with our Grievance Officer, and if unresolved, escalate to the Data Protection Board of India.
To exercise any of these rights, contact our Grievance Officer using the details in Section 15.
12. Children’s Data
The Platform is intended for business use by adults (18 years and above) representing companies, vendors or ecopreneurs. We do not knowingly collect personal data from children. If we become aware that we have inadvertently collected a child’s personal data, we will delete it promptly.
13. Third-Party Links
The Platform may contain links to third-party websites or services, such as payment gateway or NBFC partner portals. We are not responsible for the privacy practices of these third parties, and we encourage you to review their privacy policies separately.
14. Cross-Border Data Transfer
We currently store and process personal data within India. If this changes, we will update this Policy and take appropriate steps to ensure any transfer complies with the Digital Personal Data Protection Act, 2023, and applicable rules governing cross-border data transfer.
15. Grievance Officer & Contact Us
In accordance with the Digital Personal Data Protection Act, 2023 and the Information Technology Act, 2000, you may contact our Grievance Officer for any questions, concerns or complaints regarding this Policy or your personal data.
• Grievance Officer: Abhirup Anandaraman
• Designation: Managing Director
• Email: abhirup@veloce.exchange
• Phone: +91 87547 75848
• Address: No 779, Door No 2, 4th Cross Hesaraghatta Main Road, AGB Layout,Sumukha, Sumukha AGB Layout, Chikkabanavara, Bengaluru, Bengaluru Urban, Karnataka - 560090
We aim to acknowledge grievances promptly and resolve them within a reasonable timeframe in accordance with applicable law.
16. Changes to This Policy
We may update this Privacy Policy from time to time to reflect changes in our practices, technology, or applicable law - including as the Digital Personal Data Protection Rules, 2025 come into full effect. We will post the updated Policy on this page with a revised “Effective Date” and, where required, notify you through the Platform.
17. Governing Law
This Policy is governed by the laws of India. Any disputes arising in connection with this Policy shall be subject to the exclusive jurisdiction of the courts at Bengaluru, Karnataka.
