Varroc Engineering Limited

Global manufacturer and trader of auto components, specializing in lighting, plastic parts, and more.

1988 | Aurangabad, Maharashtra (India) | Active
Last Updated:

Varroc Engineering Profile

Key Indicators

  • Authorised Capital ₹ 50.45 Cr
  • Paid Up Capital ₹ 15.28 Cr
  • Company Age 37 Year, 14 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,392.00 Cr
  • Satisfied Charges ₹ 2,241.49 Cr

About Varroc Engineering

Varroc Engineering Limited (VEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 11 May 1988 and has a history of 37 years. Its registered office is in Aurangabad, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 541578 and on the National Stock Exchange(NSE) under VARROC.

The Corporate was formerly known as Varroc Engineering Private Limited. The Company is engaged in the Automotive 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 50.45 Cr and a paid-up capital of Rs 15.28 Cr.

The company currently has active open charges totaling ₹1,392.00 Cr. The company has closed loans amounting to ₹2,241.49 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Varroc Engineering Limited India are Mahendra Kumar as CFO and Ajay Sharma as Company Secretary. Tarang Jain, Gautam Khandelwal, Vijaya Sampath, and Five other members serve as directors at the Company.

Company Details

  • Location

    Aurangabad, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L28920MH1988PLC047335

  • Company No.

    047335

  • Stock Symbol

    BSE : 541578 NSE : VARROC

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 May 1988

  • Date of AGM

    12 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Automotive

What products or services does Varroc Engineering Limited offer?

Varroc Engineering Limited offers a wide range of products and services, including Automobile Fittings & Components, Automotive Components, Automobile Electrical Components, Automobile Ignition Systems & Parts, Industrial Air Conditioner & Devices, HVAC System, Industrial Valves & Valve Fittings, Industrial Valves, Automobile Interiors & Accessories, Automotive Seats.

Company report

Varroc Engineering Limited

Explore comprehensive data for Varroc Engineering Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Varroc Engineering?

Executive Team (3)

NameDesignationAppointment DateStatus
Tarang Jain Country flag representing In Managing Director11-May-1988Current
Ajay Sharma Country flag representing In Company Secretary13-Feb-2020Current
Mahendra Kumar Country flag representing In CFO28-Sep-2022Current

Board Members (7)

NameDesignationAppointment DateStatus
Vinish Kathuria Country flag representing In Director 06-Feb-2018Current
Vijaya Sampath Country flag representing In Director 20-Jul-2017Current
Marc Szulewicz Country flag representing Fr Director 20-Jul-2017Current
Gautam Khandelwal Country flag representing In Director 24-Mar-2011Current
Tarun Tyagi Country flag representing In Whole-Time Director 09-Aug-2023Current
Dhruv Jain Country flag representing In Director 01-Sep-2022Current

Financial Performance of Varroc Engineering.

Varroc Engineering Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Varroc Engineering revenue growth over time
Varroc Engineering 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
Revenue from Operations
Total Assets
Profit or Loss
Net Worth
EBITDA

What is the Ownership and Shareholding Structure of Varroc Engineering?

In 2023, Varroc Engineering had a promoter holding of 75.00% and a public holding of 25.00%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,392.00 Cr

Satisfied Charges

₹2,241.49 Cr

Charges Breakdown by Lending Institutions

  • Others : 800.00 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 193.50 Cr
  • Idbi Bank Limited : 95.00 Cr
  • Axis Bank Limited : 75.00 Cr
  • Hdfc Bank Limited : 73.50 Cr
  • Others : 155.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2024The Hongkong And Shanghai Banking Corporation Limited₹100.00 CrOpen
02 Nov 2023Others₹100.00 CrOpen
16 Oct 2023Others₹250.00 CrOpen
21 Mar 2023Others₹100.00 CrOpen
13 Mar 2023Axis Bank Limited₹75.00 CrOpen

How Many Employees Work at Varroc Engineering?

Varroc Engineering has a workforce of 3409 employees as of Aug 14, 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 Varroc Engineering Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varroc Engineering, 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 Varroc Engineering'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 Varroc Engineering

Recent activity within the organization

  • Charges

    A charge registered on 25 Aug 2020 via Charge ID 100364964 with Others was fully satisfied on 05 Oct 2024.

  • Annual General Meeting

    Varroc Engineering Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Axis Bank Limited of Rs. 75.00 Cr registered on 13 Mar 2023 with Charge ID 100685647 was modified on 02 Sep 2024.

  • Charges

    A charge registered on 12 Sep 2016 via Charge ID 100049717 with Others was fully satisfied on 29 Aug 2024.

  • Charges

    A charge with Others of Rs. 100.00 Cr registered on 02 Nov 2023 with Charge ID 100808942 was modified on 19 Jun 2024.

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 100.00 Cr with Charge ID 100929791 was registered on 30 May 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Varroc Engineering Limited?

    Varroc Engineering Limited was incorporated on 11 May 1988.

  • What is authorized share capital and paid-up capital of Varroc Engineering Limited?

    The authorized share capital of Varroc Engineering Limited is ₹ 50.45 Cr and paid-up capital is ₹ 15.28 Cr.

  • Who are the current board members & directors of Varroc Engineering Limited?

    Currently 10 directors are associated with Varroc Engineering Limited.

    • Tarang Naresh Jain
    • Gautam Premnath Khandelwal
    • Vijaya Sampath
    • Vinish Kathuria
    • Mahendra Kumar
    • Ajay Kumar Sharma
    • Tarun Tyagi
    • Dhruv Jain
    • Arjun Tarang Jain
    • Marc Szulewicz

  • What is the registered address of Varroc Engineering Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Varroc Engineering Limited is L - 4 Midc, Waluj India, Aurangabad, Maharashtra, 431136.

  • What is the corporate identification number (CIN) and company number of Varroc Engineering Limited?

    The corporate identification number (CIN) of Varroc Engineering Limited is L28920MH1988PLC047335 and the company number is 047335 as per Ministry of Corporate Affairs (MCA).

  • Is Varroc Engineering Limited registered with any stock exchange in India?

    Yes, Varroc Engineering Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VARROC.

  • What is the official website of Varroc Engineering Limited?

    The Official website of Varroc Engineering Limited is https://www.varroc.com

  • How many employees does Varroc Engineering Limited currently have?

    As Per 2023 financial reports, 3409 employees are currently employed by Varroc Engineering Limited.

  • What are the total open charges for Varroc Engineering Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Varroc Engineering Limited amount to ₹ 1,392.00 Cr.

  • When was the last Balance Sheet of Varroc Engineering Limited filed with the ROC?

    The most recent Balance Sheet for Varroc Engineering Limited was filed with the ROC on 31 Mar 2024.

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