Varicon Pumps & Systems Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 7.14 M
- Company Age 15 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 15.49 Cr
- Satisfied Charges ₹ 8.72 Cr
- Revenue Growth -37.33%
- Profit Growth -45.36%
- Ebitda -32.74%
- Net Worth 2.98%
- Total Assets -2.48%
About Varicon Pumps & Systems
Varicon Pumps & Systems Private Limited (VPSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 June 2009 and has a history of 15 years and 11 months. Its registered office is in Kanchipuram, Tamil Nadu, India.
The Company is engaged in the Machinery And Equipment 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 15.00 Cr and a paid-up capital of Rs 7.14 M.
The company currently has active open charges totaling ₹15.49 Cr. The company has closed loans amounting to ₹8.72 Cr, as per Ministry of Corporate Affairs (MCA) records.
Natarajan Kumar, Sundaram Kumar, Ramasubramanian Sekar, and One other member serve as directors at the Company.
Company Details
- Location
Kanchipuram, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U29253TN2009PTC071995
- Company No.
071995
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Jun 2009
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Machinery and Equipment
What products or services does Varicon Pumps & Systems Private Limited offer?
Varicon Pumps & Systems Private Limited offers a wide range of products and services, including Chemical Plants & Machinery, Chemical Pumps.
Varicon Pumps & Systems Private Limited
Explore comprehensive data for Varicon Pumps & Systems Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Varicon Pumps & Systems?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramasubramanian Sekar  | Managing Director | 18-Jun-2009 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Natarajan Kumar | Director | 18-Jun-2009 | Current |
| Sundaram Kumar | Director | 21-Aug-2017 | Current |
| Kuppusamy Ilamaran | Director | 18-Jun-2009 | Current |
Financial Performance of Varicon Pumps & Systems.
Varicon Pumps & Systems Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 37.33% decrease. The company also saw a substantial fall in profitability, with a 45.36% decrease in profit. The company's net worth moved up by a moderate rise of 2.98%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Varicon Pumps & Systems?
In 2023, Varicon Pumps & Systems 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)
Zincpro Tecnos Private LimitedNatarajan Kumar is a mutual person
- Varifab Engineering Private Limited
Sundaram Kumar is a mutual person
Charges (Loans)
Open Charges
₹15.49 Cr
Satisfied Charges
₹8.72 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 15.09 Cr
- Canara Bank : 0.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 May 2021 | Canara Bank | ₹0.50 M | Open |
| 12 Feb 2020 | Axis Bank Limited | ₹15.09 Cr | Open |
| 31 Jul 2018 | Canara Bank | ₹3.09 M | Open |
| 21 Aug 2012 | Canara Bank | ₹0.40 M | Open |
| 25 May 2013 | Others | ₹5.86 Cr | Satisfied |
How Many Employees Work at Varicon Pumps & Systems?
Varicon Pumps & Systems has a workforce of 49 employees as of Apr 10, 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 Varicon Pumps & Systems, 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 Varicon Pumps & Systems'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.
Latest Updates, News, and FAQs on Varicon Pumps & Systems
Recent activity within the organization
- Annual General Meeting
Varicon Pumps & Systems Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Axis Bank Limited of Rs. 15.09 Cr registered on 12 Feb 2020 with Charge ID 100329424 was modified on 02 May 2023.
- Balance Sheet
Varicon Pumps & Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
- Charges
A charge with Canara Bank amounted to Rs. 0.05 Cr with Charge ID 100495592 was registered on 05 May 2021.
- Charges
A charge registered on 25 May 2013 via Charge ID 10438069 with Others was fully satisfied on 16 Dec 2020.
- Charges
A charge with Axis Bank Limited amounted to Rs. 15.09 Cr with Charge ID 100329424 was registered on 12 Feb 2020.
Frequently asked questions
What is the Incorporation or founding date of Varicon Pumps & Systems Private Limited?
Varicon Pumps & Systems Private Limited was incorporated on 18 Jun 2009.
What is authorized share capital and paid-up capital of Varicon Pumps & Systems Private Limited?
The authorized share capital of Varicon Pumps & Systems Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 7.14 M.
Who are the current board members & directors of Varicon Pumps & Systems Private Limited?
Currently 4 directors are associated with Varicon Pumps & Systems Private Limited.
- Natarajan Ganesan Kumar
- Sundaram Lakshmi Kumar
- Ramasubramanian Sekar
- Kuppusamy Ilamaran
What is the registered address of Varicon Pumps & Systems Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Varicon Pumps & Systems Private Limited is 10, P K M Road Athipet India, Chennai, Tamil Nadu, 600058.
What is the corporate identification number (CIN) and company number of Varicon Pumps & Systems Private Limited?
The corporate identification number (CIN) of Varicon Pumps & Systems Private Limited is U29253TN2009PTC071995 and the company number is 071995 as per Ministry of Corporate Affairs (MCA).
What is the official website of Varicon Pumps & Systems Private Limited?
The Official website of Varicon Pumps & Systems Private Limited is https://www.variconsystems.com
What has been the recent revenue trend for Varicon Pumps & Systems Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Varicon Pumps & Systems Private Limited has fallen by -37.33%.
How many employees does Varicon Pumps & Systems Private Limited currently have?
As Per 2023 financial reports, 49 employees are currently employed by Varicon Pumps & Systems Private Limited.
What change has been observed in the net worth of Varicon Pumps & Systems Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Varicon Pumps & Systems Private Limited has experienced an upsurge of 2.98%.
What are the total open charges for Varicon Pumps & Systems Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Varicon Pumps & Systems Private Limited amount to ₹ 15.49 Cr.
When was the last Balance Sheet of Varicon Pumps & Systems Private Limited filed with the ROC?
The most recent Balance Sheet for Varicon Pumps & Systems Private Limited was filed with the ROC on 31 Mar 2023.
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