Varroc Engineering Profile
Key Indicators
- Authorised Capital ₹ 50.45 Cr
- Paid Up Capital ₹ 15.28 Cr
- Company Age 36 Year, 9 Months
- 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 36 years and nine months. 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
Industry
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.
Who are the key members and board of directors at Varroc Engineering?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tarang Jain  | Managing Director | 11-May-1988 | Current |
| Ajay Sharma | Company Secretary | 13-Feb-2020 | Current |
| Mahendra Kumar | CFO | 28-Sep-2022 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vinish Kathuria | Director | 06-Feb-2018 | Current |
| Vijaya Sampath | Director | 20-Jul-2017 | Current |
Marc Szulewicz  | Director | 20-Jul-2017 | Current |
| Gautam Khandelwal | Director | 24-Mar-2011 | Current |
| Tarun Tyagi | Whole-Time Director | 09-Aug-2023 | Current |
| Dhruv Jain | Director | 01-Sep-2022 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (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.
Related Corporates (Common Directorship)
Marathwada Auto ClusterTarang Jain is a mutual person
Ingersoll-Rand (India) LimitedVijaya Sampath is a mutual person
Entecres Labs Private LimitedGautam Khandelwal is a mutual person
Dr Axion India Private LimitedVijaya Sampath is a mutual person
Varroc Polymers LimitedTarang Jain, Gautam Khandelwal and 3 more are mutual person
- Varroc Dell'orto Private Limited
Tarang Jain and Arjun Jain are mutual person
Charges (Loans)
₹1,392.00 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹100.00 Cr | Open |
| 02 Nov 2023 | Others | ₹100.00 Cr | Open |
| 16 Oct 2023 | Others | ₹250.00 Cr | Open |
| 21 Mar 2023 | Others | ₹100.00 Cr | Open |
| 13 Mar 2023 | Axis Bank Limited | ₹75.00 Cr | Open |
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.
Deals i
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
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.
