Varroc Polymers Profile
Key Indicators
- Authorised Capital ₹ 5.49 Cr
- Paid Up Capital ₹ 5.29 M
- Company Age 29 Year, 8 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 eight 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
- Location
Aurangabad, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U25209MH1995PLC090037
- Company No.
090037
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
20 Jun 1995
- Date of AGM
12 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Automotive
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.
Varroc Polymers Limited
Explore comprehensive data for Varroc Polymers Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Varroc Polymers?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tarang Jain  | Managing Director | 28-Jun-1995 | Current |
| Anil Ghatiya | Company Secretary | 01-Jan-2005 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vinish Kathuria | Director | 13-Nov-2018 | Current |
| Vidyadhar Limaye | Whole-Time Director | 14-Nov-2022 | Current |
Marc Szulewicz  | Director | 13-Nov-2018 | Current |
| Gautam Khandelwal | Director | 24-Mar-2011 | Current |
| Arjun Jain | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Marathwada Auto ClusterTarang Jain is a mutual person
Entecres Labs Private LimitedGautam Khandelwal is a mutual person
- Varroc Engineering Limited
Tarang Jain, Gautam Khandelwal and 3 more are mutual person
- Varroc Dell'orto Private Limited
Tarang Jain and Arjun Jain are mutual person
- Durovalves India Private Limited
Tarang Jain, Gautam Khandelwal and 1 more are mutual person
The Motwane Manufacturing Company Private LimitedGautam Khandelwal is a mutual person
Charges (Loans)
Open Charges
₹603.50 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Varroc Polymers
Recent activity within the organization
- Charges
A charge registered on 23 Apr 2021 via Charge ID 100444065 with Standard Chartered Bank was fully satisfied on 16 Dec 2024.
- Annual General Meeting
Varroc Polymers Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 50.00 Cr registered on 09 May 2022 with Charge ID 100576352 was modified on 09 Aug 2024.
- Charges
A charge registered on 09 Jan 2003 via Charge ID 90158083 with Others was fully satisfied on 04 Jun 2024.
- Charges
A charge with Others of Rs. 50.00 Cr registered on 23 Jan 2023 with Charge ID 100668189 was modified on 31 May 2024.
- Charges
A charge with Others of Rs. 50.00 Cr registered on 23 Jan 2023 with Charge ID 100668236 was modified on 31 May 2024.
Recent News, Updates & Announcement
- Varroc denies patent violation allegations by Flash Electronics.
The company currently holds more than 175 patents and employs more than 1,500 engineers in research and development activities at various locations around the world..
- Varroc in talks with Sintex to buy automotive moulding unit.
Sintex Plastic is looking to sell its domestic automotive custom moulding business as part of a plan to pare its debt and focus on its core business..
Frequently asked questions
What is the Incorporation or founding date of Varroc Polymers Limited?
Varroc Polymers Limited was incorporated on 20 Jun 1995.
What is authorized share capital and paid-up capital of Varroc Polymers Limited?
The authorized share capital of Varroc Polymers Limited is ₹ 5.49 Cr and paid-up capital is ₹ 5.29 M.
Who are the current board members & directors of Varroc Polymers Limited?
Currently 7 directors are associated with Varroc Polymers Limited.
- Tarang Naresh Jain
- Gautam Premnath Khandelwal
- Marc Szulewicz
- Vinish Kathuria
- Vidyadhar Madhukar Limaye
- Arjun Tarang Jain
- Anil Ghatiya
What is the registered address of Varroc Polymers Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Varroc Polymers Limited is Plot No. L-4 Midc Waluj, India, Aurangabad, Maharashtra, 431136.
What is the corporate identification number (CIN) and company number of Varroc Polymers Limited?
The corporate identification number (CIN) of Varroc Polymers Limited is U25209MH1995PLC090037 and the company number is 090037 as per Ministry of Corporate Affairs (MCA).
What is the official website of Varroc Polymers Limited?
The Official website of Varroc Polymers Limited is https://www.varroc.com
What has been the recent revenue trend for Varroc Polymers Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Varroc Polymers Limited has risen by 38.99%.
How many employees does Varroc Polymers Limited currently have?
As Per 2022 financial reports, 1843 employees are currently employed by Varroc Polymers Limited.
What change has been observed in the net worth of Varroc Polymers Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Varroc Polymers Limited has experienced an upsurge of 3.43%.
What are the total open charges for Varroc Polymers Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Varroc Polymers Limited amount to ₹ 603.50 Cr.
When was the last Balance Sheet of Varroc Polymers Limited filed with the ROC?
The most recent Balance Sheet for Varroc Polymers Limited was filed with the ROC on 31 Mar 2024.
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