Varindera Spinners Ltd

Manufactures shoddy yarn since 1989 in Punjab.

1989 | Amritsar, Punjab (India) | Active
Last Updated:

Varindera Spinners Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 2.02 Cr
  • Company Age 35 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.42 Cr
  • Satisfied Charges ₹ 5.85 Cr
  • Revenue Growth 25.37%
  • Profit Growth 52.00%
  • Ebitda 15.44%
  • Net Worth 1.75%
  • Total Assets 5.37%

About Varindera Spinners

Varindera Spinners Ltd (VSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 14 September 1989 and has a history of 35 years and five months. Its registered office is in Amritsar, Punjab, India.

The Company is engaged in the Manufacturing 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 4.00 Cr and a paid-up capital of Rs 2.02 Cr.

The company currently has active open charges totaling ₹4.42 Cr. The company has closed loans amounting to ₹5.85 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vikas Puri, Varinder Puri, Ravinder Puri, and One other member serve as directors at the Company.

Company Details

  • Location

    Amritsar, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17117PB1989PLC009703

  • Company No.

    009703

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    14 Sep 1989

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

Who are the key members and board of directors at Varindera Spinners?

Executive Team (1)

NameDesignationAppointment DateStatus
Varinder Puri Country flag representing In Managing Director01-Nov-2006Current

Board Members (3)

NameDesignationAppointment DateStatus
Vikas Puri Country flag representing In Whole-Time Director 14-Sep-1989Current
Ravinder Puri Country flag representing In Director 22-Jan-2001Current
Vishal Puri Country flag representing In Whole-Time Director 25-Jun-2015Current

Financial Performance of Varindera Spinners.

Varindera Spinners Ltd, for the financial year ended 2020, experienced significant growth in revenue, with a 25.37% increase. The company also saw a substantial improvement in profitability, with a 52% increase in profit. The company's net worth moved up by a moderate rise of 1.75%.

Varindera Spinners revenue growth over time
Varindera Spinners 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
25.37%
Revenue from Operations
25.37%
Total Assets
5.37%
Profit or Loss
52.00%
Net Worth
1.75%
EBITDA
15.44%

What is the Ownership and Shareholding Structure of Varindera Spinners?

In 2020, Varindera Spinners had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.42 Cr

Satisfied Charges

₹5.85 Cr

Charges Breakdown by Lending Institutions

  • Others : 3.15 Cr
  • Hdfc Bank Limited : 1.27 Cr

Latest Charge Details

DateLenderAmountStatus
19 Sep 2022Others₹3.15 CrOpen
20 Jul 2019Hdfc Bank Limited₹1.27 CrOpen
22 May 2009Oriental Bank Of Commerce₹1.87 CrSatisfied
22 May 2009Oriental Bank Of Commerce₹1.80 CrSatisfied
03 Jul 2003Oriental Bank Of Commerce₹1.50 MSatisfied

How Many Employees Work at Varindera Spinners?

Varindera Spinners has a workforce of 13 employees as of Apr 08, 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 Varindera Spinners Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varindera Spinners, 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 Varindera Spinners'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 Varindera Spinners

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

    Varindera Spinners Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Charges

    A charge with Others amounted to Rs. 3.15 Cr with Charge ID 100616534 was registered on 19 Sep 2022.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 1.27 Cr registered on 20 Jul 2019 with Charge ID 100281046 was modified on 21 Aug 2020.

  • Charges

    A charge registered on 22 May 2009 via Charge ID 10164047 with Oriental Bank Of Commerce was fully satisfied on 22 Jul 2020.

  • Charges

    A charge registered on 22 May 2009 via Charge ID 10164132 with Oriental Bank Of Commerce was fully satisfied on 22 Jul 2020.

Frequently asked questions

  • What is the Incorporation or founding date of Varindera Spinners Ltd?

    Varindera Spinners Ltd was incorporated on 14 Sep 1989.

  • What is authorized share capital and paid-up capital of Varindera Spinners Ltd?

    The authorized share capital of Varindera Spinners Ltd is ₹ 4.00 Cr and paid-up capital is ₹ 2.02 Cr.

  • Who are the current board members & directors of Varindera Spinners Ltd?

    Currently 4 directors are associated with Varindera Spinners Ltd.

    • Vikas Puri
    • Varinder Puri
    • Ravinder Puri
    • Vishal Puri

  • What is the registered address of Varindera Spinners Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Varindera Spinners Ltd is Majitha Roadbye Pass Khanna Nagar Amritsar India, Punjab, 143001.

  • What is the corporate identification number (CIN) and company number of Varindera Spinners Ltd?

    The corporate identification number (CIN) of Varindera Spinners Ltd is U17117PB1989PLC009703 and the company number is 009703 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Varindera Spinners Ltd?

    According to the financial reports for the fiscal year 2020, the revenue trend for Varindera Spinners Ltd has risen by 25.37%.

  • How many employees does Varindera Spinners Ltd currently have?

    As Per 2020 financial reports, 13 employees are currently employed by Varindera Spinners Ltd.

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

    The financial reports for the fiscal year 2020 indicates that The net worth of Varindera Spinners Ltd has experienced an upsurge of 1.75%.

  • What are the total open charges for Varindera Spinners Ltd?

    As per the financial statements for fiscal Year 2020, The total open charges for Varindera Spinners Ltd amount to ₹ 4.42 Cr.

  • When was the last Balance Sheet of Varindera Spinners Ltd filed with the ROC?

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

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