Varashakti Housing Finance Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 40.34 Cr
- Company Age 7 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 134.83 Cr
- Satisfied Charges ₹ 29.57 Cr
- Revenue Growth 89.44%
- Profit Growth 3058.48%
- Ebitda 129.00%
- Net Worth 23.73%
- Total Assets 33.86%
About Varashakti Housing Finance
Varashakti Housing Finance Private Limited (VHFPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 21 July 2017 (Seven years and six months 21 days old ). Its registered office is in Chennai, Tamil Nadu, 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 2023. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 40.34 Cr.
The company currently has active open charges totaling ₹134.83 Cr. The company has closed loans amounting to ₹29.57 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Varashakti Housing Finance Private Limited India is Balaji Sivaraman as COMPANY SECRETARY. Chandrasekharapuram Sankar, Venkataraman Venkatakrishnan, Sahaana Sankar, and One other member serve as directors at the Company.
Company Details
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Location
Chennai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U65990TN2017PTC117720
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Company No.
117720
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
21 Jul 2017
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Date of AGM
30 Jun 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Varashakti Housing Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chandrasekharapuram Sankar
|
Managing Director | 21-Jul-2017 | Current |
| Balaji Sivaraman | Company Secretary | 08-Jun-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Venkataraman Venkatakrishnan
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Director | 30-May-2022 | Current |
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Sahaana Sankar
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Director | 20-Apr-2019 | Current |
|
Ramanath Dash
|
Director | 07-Sep-2019 | Current |
Financial Performance of Varashakti Housing Finance.
Varashakti Housing Finance Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 89.44% increase. The company also saw a substantial improvement in profitability, with a 3058.48% increase in profit. The company's net worth Soared by an impressive increase of 23.73%.
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What is the Ownership and Shareholding Structure of Varashakti Housing Finance?
In 2023, Varashakti Housing Finance had a promoter holding of 82.58% and a public holding of 17.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Prisla Advisors Private Limited
Sahaana Sankar is a mutual person
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Purecred Finance Private Limited
Ramanath Dash is a mutual person
Charges (Loans)
₹134.83 Cr
₹29.57 Cr
Charges Breakdown by Lending Institutions
- Others : 108.83 Cr
- State Bank Of India : 20.00 Cr
- Indian Overseas Bank : 6.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Mar 2024 | Others | ₹10.00 Cr | Open |
| 29 Dec 2023 | Others | ₹10.00 Cr | Open |
| 29 Dec 2023 | Others | ₹3.55 Cr | Open |
| 28 Aug 2023 | State Bank Of India | ₹20.00 Cr | Open |
| 01 Jun 2023 | Others | ₹1.00 Cr | Open |
How Many Employees Work at Varashakti Housing Finance?
Varashakti Housing Finance has a workforce of 260 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Varashakti Housing Finance, 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 Varashakti Housing Finance's trajectory.
Rating
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
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.
