Varma Steels Profile
Key Indicators
- Authorised Capital ₹ 2.07 Cr
- Paid Up Capital ₹ 2.00 Cr
- Company Age 9 Year, 2 Days
- 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 2 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
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Location
Hyderabad, Telangana, 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
U51102TG2016PTC103003
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Company No.
103003
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
01 Feb 2016
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
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.
Who are the key members and board of directors at Varma Steels?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Alluri Varma
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Managing Director | 01-Feb-2016 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Sushma Alluri
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Director | 01-Feb-2016 | Current |
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Somayajulu Pratapa
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Director | 14-Aug-2020 | Current |
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Tejaswi Alluri
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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%.
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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.
Related Corporates (Common Directorship)
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Varma Supply Chain Private LimitedSomayajulu Pratapa is a mutual person
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Imicron Web Services Private LimitedAlluri Varma is a mutual person
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Techwave Infotech Private LimitedAlluri Varma is a mutual person
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Techwave Consulting India Private Limited
Alluri Varma is a mutual person
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Home Tree Ventures LlpAlluri Varma is a mutual person
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Husk Global Technologies Private Limited
Alluri Varma is a mutual person
Charges (Loans)
₹92.07 Cr
₹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.
