Varanasi Commercial Ltd

Provides financial services and deals in various chemicals, pharmaceuticals, and industrial preparations.

1979 | Kolkata, West Bengal (India) | Active
Last Updated:

Varanasi Commercial Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.06 Cr
  • Company Age 46 Year,
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 22.45 Cr
  • Revenue Growth 148.33%
  • Profit Growth 342.34%
  • Ebitda -189.41%
  • Net Worth 3.37%
  • Total Assets 3.36%

About Varanasi Commercial

Varanasi Commercial Ltd (VCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 March 1979 and has a history of 46 years. Its registered office is in Kolkata, West Bengal, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.50 Cr and a paid-up capital of Rs 2.06 Cr.

The company currently has active open charges totaling ₹22.45 Cr.

Padam Gupta, Sanjay Bhuwalka, and Rajiv Agarwal serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24111WB1979PLC031911

  • Company No.

    031911

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    09 Mar 1979

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Financial Services

Who are the key members and board of directors at Varanasi Commercial?

Board Members (3)

NameDesignationAppointment DateStatus
Padam Gupta Country flag representing In Director 01-Oct-2019Current
Sanjay Bhuwalka Country flag representing In Director 19-Nov-2009Current
Rajiv Agarwal Country flag representing In Director 26-Mar-2015Current

Financial Performance of Varanasi Commercial.

Varanasi Commercial Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 148.33% increase. The company also saw a substantial improvement in profitability, with a 342.34% increase in profit. The company's net worth moved up by a moderate rise of 3.37%.

Varanasi Commercial revenue growth over time
Varanasi Commercial profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
148.33%
Revenue from Operations
303.24%
Total Assets
3.36%
Profit or Loss
342.34%
Net Worth
3.37%
EBITDA
-189.41%

What is the Ownership and Shareholding Structure of Varanasi Commercial?

In 2021, Varanasi Commercial had a promoter holding of 73.29% and a public holding of 26.71%. The company had 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹22.45 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Vijaya Bank : 22.45 Cr

Latest Charge Details

DateLenderAmountStatus
16 Jul 1996Vijaya Bank₹22.45 CrOpen

How Many Employees Work at Varanasi Commercial?

Unlock and access historical data on people associated with Varanasi Commercial, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Varanasi Commercial Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varanasi Commercial, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varanasi Commercial's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Varanasi Commercial

Recent activity within the organization

  • Annual General Meeting

    Varanasi Commercial Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Varanasi Commercial Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.

  • Director Appointment

    Padam Prakash Gupta was appointed as a Director was appointed as a Director on 01 Oct 2019 & has been associated with this company since 5 years 5 months .

  • Director Appointment

    Rajiv Agarwal was appointed as a Director was appointed as a Director on 26 Mar 2015 & has been associated with this company since 9 years 11 months .

  • Director Appointment

    Sanjay Kumar Bhuwalka was appointed as a Director was appointed as a Director on 19 Nov 2009 & has been associated with this company since 15 years 3 months .

  • Charges

    A charge with Vijaya Bank of Rs. 22.45 Cr registered on 16 Jul 1996 with Charge ID 90251827 was modified on 06 Nov 1998.

Frequently asked questions

  • What is the Incorporation or founding date of Varanasi Commercial Ltd?

    Varanasi Commercial Ltd was incorporated on 09 Mar 1979.

  • What is authorized share capital and paid-up capital of Varanasi Commercial Ltd?

    The authorized share capital of Varanasi Commercial Ltd is ₹ 2.50 Cr and paid-up capital is ₹ 2.06 Cr.

  • Who are the current board members & directors of Varanasi Commercial Ltd?

    Currently 3 directors are associated with Varanasi Commercial Ltd.

    • Padam Prakash Gupta
    • Sanjay Kumar Bhuwalka
    • Rajiv Agarwal

  • What is the registered address of Varanasi Commercial Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Varanasi Commercial Ltd is 3F - Park Plaza 71, Street India, Kolkata, West Bengal, 700016.

  • What is the corporate identification number (CIN) and company number of Varanasi Commercial Ltd?

    The corporate identification number (CIN) of Varanasi Commercial Ltd is U24111WB1979PLC031911 and the company number is 031911 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Varanasi Commercial Ltd?

    According to the financial reports for the fiscal year 2022, the revenue trend for Varanasi Commercial Ltd has risen by 148.33%.

  • What change has been observed in the net worth of Varanasi Commercial Ltd, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Varanasi Commercial Ltd has experienced an upsurge of 3.37%.

  • What are the total open charges for Varanasi Commercial Ltd?

    As per the financial statements for fiscal Year 2022, The total open charges for Varanasi Commercial Ltd amount to ₹ 22.45 Cr.

  • When was the last Balance Sheet of Varanasi Commercial Ltd filed with the ROC?

    The most recent Balance Sheet for Varanasi Commercial Ltd was filed with the ROC on 31 Mar 2024.

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