Varroc Polymers Profile
Key Indicators
- Authorised Capital ₹ 5.49 Cr
- Paid Up Capital ₹ 5.29 M
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 603.50 Cr
- Satisfied Charges ₹ 499.65 Cr
- Revenue Growth 38.99%
- Profit Growth 83.46%
- Ebitda 35.50%
- Net Worth 3.43%
- Total Assets 9.34%
About Varroc Polymers
Varroc Polymers Limited (VPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 June 1995 and has a history of 29 years and seven months. Its registered office is in Aurangabad, Maharashtra, India.
The Corporate was formerly known as Varroc Polymers 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 5.49 Cr and a paid-up capital of Rs 5.29 M.
The company currently has active open charges totaling ₹603.50 Cr. The company has closed loans amounting to ₹499.65 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Varroc Polymers Limited India is Anil Ghatiya as COMPANY SECRETARY. Tarang Jain, Gautam Khandelwal, Marc Szulewicz, and Three other members serve as directors at the Company.
Company Details
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Location
Aurangabad, Maharashtra, 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
U25209MH1995PLC090037
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Company No.
090037
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
20 Jun 1995
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Date of AGM
12 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 Mumbai
Industry
What products or services does Varroc Polymers Limited offer?
Varroc Polymers Limited offers a wide range of products and services, including Automotive Wiper Parts, Auto Wiper Motor, Engine & Engine Spare Parts, Engine Components, Nails & Pins, Industrial Pins, Drivetrain Components, Transmission Parts, Connecting Rod, Automobile Electrical Components.
Who are the key members and board of directors at Varroc Polymers?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tarang Jain
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Managing Director | 28-Jun-1995 | Current |
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Anil Ghatiya
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Company Secretary | 01-Jan-2005 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Vinish Kathuria
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Director | 13-Nov-2018 | Current |
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Vidyadhar Limaye
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Whole-Time Director | 14-Nov-2022 | Current |
Marc Szulewicz
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Director | 13-Nov-2018 | Current |
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Gautam Khandelwal
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Director | 24-Mar-2011 | Current |
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Arjun Jain
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Whole-Time Director | 14-Nov-2022 | Current |
Financial Performance of Varroc Polymers.
Varroc Polymers Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 38.99% increase. The company also saw a substantial improvement in profitability, with a 83.46% increase in profit. The company's net worth moved up by a moderate rise of 3.43%.
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What is the Ownership and Shareholding Structure of Varroc Polymers?
In 2022, Varroc Polymers 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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Marathwada Auto ClusterTarang Jain is a mutual person
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Entecres Labs Private LimitedGautam Khandelwal is a mutual person
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Varroc Engineering LimitedTarang Jain, Gautam Khandelwal and 3 more are mutual person
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Varroc Dell'orto Private Limited
Tarang Jain and Arjun Jain are mutual person
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Durovalves India Private Limited
Tarang Jain, Gautam Khandelwal and 1 more are mutual person
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The Motwane Manufacturing Company Private LimitedGautam Khandelwal is a mutual person
Charges (Loans)
₹603.50 Cr
₹499.65 Cr
Charges Breakdown by Lending Institutions
- Others : 445.00 Cr
- Standard Chartered Bank : 80.50 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 35.00 Cr
- Idbi Bank Limited : 23.00 Cr
- Hdfc Bank Limited : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2023 | Others | ₹125.00 Cr | Open |
| 23 Jan 2023 | Others | ₹50.00 Cr | Open |
| 23 Jan 2023 | Others | ₹20.00 Cr | Open |
| 23 Jan 2023 | Others | ₹50.00 Cr | Open |
| 20 Dec 2022 | Others | ₹75.00 Cr | Open |
How Many Employees Work at Varroc Polymers?
Varroc Polymers has a workforce of 1843 employees as of Apr 06, 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 Polymers, 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 Polymers'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.
