Varma Steels Profile
Key Indicators
- Authorised Capital ₹ 2.07 Cr
- Paid Up Capital ₹ 2.00 Cr
- Company Age 9 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 92.07 Cr
- Satisfied Charges ₹ 26.83 Cr
- Revenue Growth 7.05%
- Profit Growth 39.02%
- Ebitda 44.82%
- Net Worth 31.66%
- Total Assets 103.33%
About Varma Steels
Varma Steels Private Limited (VSPL) is a Private Limited Indian Non-Government Company incorporated in India on 01 February 2016 (Nine years and two months 8 days old ). Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Metals And Minerals 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 2.07 Cr and a paid-up capital of Rs 2.00 Cr.
The company currently has active open charges totaling ₹92.07 Cr. The company has closed loans amounting to ₹26.83 Cr, as per Ministry of Corporate Affairs (MCA) records.
Alluri Varma, Sushma Alluri, Somayajulu Pratapa, and One other member serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51102TG2016PTC103003
- Company No.
103003
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
01 Feb 2016
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Metals and Minerals
What products or services does Varma Steels Private Limited offer?
Varma Steels Private Limited offers a wide range of products and services, including Material Testing Labs & Services, Building Material Testing Service, Logistics Service.
Varma Steels Private Limited
Explore comprehensive data for Varma Steels Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Varma Steels?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Alluri Varma  | Managing Director | 01-Feb-2016 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sushma Alluri | Director | 01-Feb-2016 | Current |
| Somayajulu Pratapa | Director | 14-Aug-2020 | Current |
| Tejaswi Alluri | Alternate Director | 05-Jul-2024 | Current |
Financial Performance of Varma Steels.
Varma Steels Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 7.05% increase. The company also saw a substantial improvement in profitability, with a 39.02% increase in profit. The company's net worth Soared by an impressive increase of 31.66%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Varma Steels?
In 2023, Varma Steels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Techwave Infotech Private LimitedAlluri Varma is a mutual person
- Techwave Consulting India Private Limited
Alluri Varma is a mutual person
Home Tree Ventures LlpAlluri Varma is a mutual person
- Husk Global Technologies Private Limited
Alluri Varma is a mutual person
Charges (Loans)
Open Charges
₹92.07 Cr
Satisfied Charges
₹26.83 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 68.23 Cr
- Others : 22.51 Cr
- Axis Bank Limited : 1.34 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2024 | Hdfc Bank Limited | ₹1.07 Cr | Open |
| 03 Oct 2024 | Hdfc Bank Limited | ₹3.77 Cr | Open |
| 12 Aug 2024 | Hdfc Bank Limited | ₹2.66 M | Open |
| 21 Jun 2024 | Hdfc Bank Limited | ₹8.00 M | Open |
| 17 May 2024 | Hdfc Bank Limited | ₹2.34 M | Open |
How Many Employees Work at Varma Steels?
Varma Steels has a workforce of 92 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 Varma Steels, 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 Varma Steels'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 Varma Steels
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.07 Cr with Charge ID 100995917 was registered on 17 Oct 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.77 Cr with Charge ID 100998210 was registered on 03 Oct 2024.
- Annual General Meeting
Varma Steels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 23 Feb 2018 via Charge ID 100174858 with Others was fully satisfied on 23 Aug 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100996997 was registered on 12 Aug 2024.
- Director Appointment
Tejaswi Alluri was appointed as a Alternate Director was appointed as a Alternate Director on 05 Jul 2024 & has been associated with this company since 9 months 4 days .
Frequently asked questions
What is the Incorporation or founding date of Varma Steels Private Limited?
Varma Steels Private Limited was incorporated on 01 Feb 2016.
What is authorized share capital and paid-up capital of Varma Steels Private Limited?
The authorized share capital of Varma Steels Private Limited is ₹ 2.07 Cr and paid-up capital is ₹ 2.00 Cr.
Who are the current board members & directors of Varma Steels Private Limited?
Currently 4 directors are associated with Varma Steels Private Limited.
- Alluri Venkata Panindra Varma
- Sushma Alluri
- Somayajulu Venkata Yazna Narayana Pratapa
- Tejaswi Alluri
What is the registered address of Varma Steels Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Varma Steels Private Limited is Door No. 1-89/3/19 Sy 62 Part. 5Th Floor The V- Towers Opp: Durgam Cheruvu Park Main Gate, India, Madhapur, Telangana, 500081.
What is the corporate identification number (CIN) and company number of Varma Steels Private Limited?
The corporate identification number (CIN) of Varma Steels Private Limited is U51102TG2016PTC103003 and the company number is 103003 as per Ministry of Corporate Affairs (MCA).
What is the official website of Varma Steels Private Limited?
The Official website of Varma Steels Private Limited is https://www.varmasteels.com
What has been the recent revenue trend for Varma Steels Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Varma Steels Private Limited has risen by 7.05%.
How many employees does Varma Steels Private Limited currently have?
As Per 2023 financial reports, 92 employees are currently employed by Varma Steels Private Limited.
What change has been observed in the net worth of Varma Steels Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Varma Steels Private Limited has experienced an upsurge of 31.66%.
What are the total open charges for Varma Steels Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Varma Steels Private Limited amount to ₹ 92.07 Cr.
When was the last Balance Sheet of Varma Steels Private Limited filed with the ROC?
The most recent Balance Sheet for Varma Steels Private Limited was filed with the ROC on 31 Mar 2024.
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