Varcas Automobiles Private Limited

Manufactures motor vehicles since 2018 with registered office in Hyderabad, Telangana.

2018 | Medak, Telangana (India) | Active
Last Updated:

Varcas Automobiles Profile

Key Indicators

  • Authorised Capital ₹ 3.00 Cr
  • Paid Up Capital ₹ 3.00 Cr
  • Company Age 6 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.50 Cr
  • Revenue Growth 427.95%
  • Profit Growth 258.27%
  • Ebitda 163.40%
  • Net Worth 51.62%
  • Total Assets 81.70%

About Varcas Automobiles

Varcas Automobiles Private Limited (VAPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 29 November 2018 (Six years and three months 12 days old ). Its registered office is in Medak, Telangana, India.

The Company is engaged in the Automotive 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 3.00 Cr and a paid-up capital of Rs 3.00 Cr.

The company currently has active open charges totaling ₹4.50 Cr.

Ramakrishna Vemireddy, Saranya Chukkaluru, and Venugopal Vemireddy serve as directors at the Company.

Company Details

  • Location

    Medak, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999TG2018PTC128656

  • Company No.

    128656

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Nov 2018

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Automotive

Who are the key members and board of directors at Varcas Automobiles?

Board Members (3)

NameDesignationAppointment DateStatus
Ramakrishna Vemireddy Country flag representing In Director 04-Feb-2019Current
Saranya Chukkaluru Country flag representing In Director 01-Feb-2024Current
Venugopal Vemireddy Country flag representing In Additional Director 26-Feb-2024Current

Financial Performance of Varcas Automobiles.

Varcas Automobiles Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 427.95% increase. The company also saw a substantial improvement in profitability, with a 258.27% increase in profit. The company's net worth Soared by an impressive increase of 51.62%.

Varcas Automobiles revenue growth over time
Varcas Automobiles 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
427.95%
Revenue from Operations
424.90%
Total Assets
81.70%
Profit or Loss
258.27%
Net Worth
51.62%
EBITDA
163.40%

What is the Ownership and Shareholding Structure of Varcas Automobiles?

In 2021, Varcas Automobiles had a promoter holding of 90.91% and a public holding of 9.09%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.50 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 4.50 Cr

Latest Charge Details

DateLenderAmountStatus
23 Nov 2020Others₹4.50 CrOpen

How Many Employees Work at Varcas Automobiles?

Varcas Automobiles has a workforce of 46 employees as of Mar 21, 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.

Employee growth trends for Varcas Automobiles Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varcas Automobiles, 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 Varcas Automobiles'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 Varcas Automobiles

Recent activity within the organization

  • Annual General Meeting

    Varcas Automobiles Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Varcas Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.

  • Director Appointment

    Venugopal Reddy Vemireddy was appointed as a Additional Director was appointed as a Additional Director on 26 Feb 2024 & has been associated with this company since 1 year 13 days .

  • Director Appointment

    Saranya Chukkaluru was appointed as a Director was appointed as a Director on 01 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge with Others of Rs. 4.50 Cr registered on 23 Nov 2020 with Charge ID 100395903 was modified on 20 Apr 2021.

  • Charges

    A charge with Others amounted to Rs. 4.50 Cr with Charge ID 100395903 was registered on 23 Nov 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Varcas Automobiles Private Limited?

    Varcas Automobiles Private Limited was incorporated on 29 Nov 2018.

  • What is authorized share capital and paid-up capital of Varcas Automobiles Private Limited?

    The authorized share capital of Varcas Automobiles Private Limited is ₹ 3.00 Cr and paid-up capital is ₹ 3.00 Cr.

  • Who are the current board members & directors of Varcas Automobiles Private Limited?

    Currently 3 directors are associated with Varcas Automobiles Private Limited.

    • Ramakrishna Reddy Vemireddy
    • Saranya Chukkaluru
    • Venugopal Reddy Vemireddy

  • What is the registered address of Varcas Automobiles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Varcas Automobiles Private Limited is Sy No 69 Block B Beside Shri Bhavani Shankara Temple Gaddapotharam Road Allinagaramlat, Sanga Reddy India, Patancheru, Telangana, 502319.

  • What is the corporate identification number (CIN) and company number of Varcas Automobiles Private Limited?

    The corporate identification number (CIN) of Varcas Automobiles Private Limited is U74999TG2018PTC128656 and the company number is 128656 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Varcas Automobiles Private Limited?

    The Official website of Varcas Automobiles Private Limited is https://www.varcasautomobiles.com

  • What has been the recent revenue trend for Varcas Automobiles Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Varcas Automobiles Private Limited has risen by 427.95%.

  • How many employees does Varcas Automobiles Private Limited currently have?

    As Per 2022 financial reports, 46 employees are currently employed by Varcas Automobiles Private Limited.

  • What change has been observed in the net worth of Varcas Automobiles Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Varcas Automobiles Private Limited has experienced an upsurge of 51.62%.

  • What are the total open charges for Varcas Automobiles Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Varcas Automobiles Private Limited amount to ₹ 4.50 Cr.

  • When was the last Balance Sheet of Varcas Automobiles Private Limited filed with the ROC?

    The most recent Balance Sheet for Varcas Automobiles Private Limited was filed with the ROC on 31 Mar 2024.

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