Varenya Constructions Profile
Key Indicators
- Authorised Capital ₹ 0.50 M
- Paid Up Capital ₹ 0.50 M
- Company Age 18 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 36.10 Cr
- Satisfied Charges ₹ 46.47 Cr
- Revenue Growth 25.17%
- Profit Growth 5.92%
- Ebitda 11.01%
- Net Worth -51.05%
- Total Assets -41.66%
About Varenya Constructions
Varenya Constructions Limited (VCL) is a Public Limited Indian Non-Government Company incorporated in India on 26 September 2006 and has a history of 18 years and four months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Real Estate And Construction 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 0.50 M and a paid-up capital of Rs 0.50 M.
The company currently has active open charges totaling ₹36.10 Cr. The company has closed loans amounting to ₹46.47 Cr, as per Ministry of Corporate Affairs (MCA) records.
Narasappan Kannaiyan, Harish Marlecha, Vimal Lunawath, 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
U45209TN2006PLC061200
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Company No.
061200
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
26 Sep 2006
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Date of AGM
29 Sep 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 Varenya Constructions?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narasappan Kannaiyan
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Additional Director | 06-Mar-2019 | Current |
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Harish Marlecha
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Director | 16-Mar-2023 | Current |
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Vimal Lunawath
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Director | 26-Sep-2006 | Current |
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Kamal Lunawath
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Director | 26-Sep-2006 | Current |
Financial Performance of Varenya Constructions.
Varenya Constructions Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 25.17% increase. The company also saw a slight improvement in profitability, with a 5.92% increase in profit. The company's net worth observed a substantial decline by a decrease of 51.05%.
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What is the Ownership and Shareholding Structure of Varenya Constructions?
In 2021, Varenya Constructions had a promoter holding of 100.00%. 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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North Town Estates Private LimitedNarasappan Kannaiyan is a mutual person
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Arihant Foundations & Housing LimitedVimal Lunawath and Kamal Lunawath are mutual person
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Transperent Heights Real Estate LimitedNarasappan Kannaiyan, Vimal Lunawath and 1 more are mutual person
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Arihant Hospitality (Chennai) Private Limited
Narasappan Kannaiyan and Harish Marlecha are mutual person
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Hills And Vales Real Estate Private Limited
Narasappan Kannaiyan and Harish Marlecha are mutual person
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Redstone Realtors Private Limited
Narasappan Kannaiyan is a mutual person
Charges (Loans)
₹361.00 M
₹464.70 M
Charges Breakdown by Lending Institutions
- Gda Trusteeship Limited : 30.00 Cr
- Others : 6.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2023 | Others | ₹6.10 Cr | Open |
| 01 Jul 2015 | Gda Trusteeship Limited | ₹30.00 Cr | Open |
| 11 Jun 2012 | Kotak Mahindra Prime Limited | ₹20.00 Cr | Satisfied |
| 26 Nov 2009 | Positive Buildcon Private Limited | ₹11.47 Cr | Satisfied |
| 09 Jun 2008 | Kotak Mahindra Prime Limited | ₹15.00 Cr | Satisfied |
How Many Employees Work at Varenya Constructions?
Varenya Constructions has a workforce of 20 employees as of Apr 01, 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 Varenya Constructions, 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 Varenya Constructions'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.
