What does Ved mean?
From Sanskrit veda (वेद), 'knowledge', the name of the foundational Hindu scriptures. The root sense is 'knowing, sacred knowledge'.
What does Dhruv mean?
From the Sanskrit ध्रुव (dhruva), 'fixed, firm, immovable, constant'; also the name of the Pole Star and of the boy-devotee Dhruva in the Puranas, who became the unwavering North Star.