Varrsana Ispat Ltd

Manufacturer of steel products, including transmission line towers, TMT bars, and structural steel.

2000 | Kolkata, West Bengal (India) | Under Liquidation
Last Updated: May 02, 2024

Varrsana Ispat Profile

Key Indicators

  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 24.85 Cr
  • Company Age 24 Year, 11 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 2,353.21 Cr
  • Revenue Growth 16.67%
  • Profit Growth -94.72%
  • Ebitda -101.95%
  • Net Worth -234.35%
  • Total Assets 0.38%

About Varrsana Ispat

Varrsana Ispat Ltd (VIL) is Under Liquidation company established on 01 Mar 2000 with its office registered at Kolkata, West Bengal, India and has been running since 24 Year, 11 Months with a paid up capital of 24.85 Cr. According to MCA records, 3 Directors and 2 Signatories are linked to this company as of 02 May 2024.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U99999WB2000PLC124804

  • Company No.

    124804

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Mar 2000

  • Date of AGM

    05 Nov 2019

  • Date of Balance Sheet

    31 Mar 2019

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Metals and Minerals

What products or services does Varrsana Ispat Ltd offer?

Varrsana Ispat Ltd offers a wide range of products and services, including Minerals and Ores, Iron Ore, Antennas, Wifi & Communication Tower, Communication Towers, Solar & Renewable Energy Products, Windmills & Wind Turbines.

Who are the key members and board of directors at Varrsana Ispat?

Executive Team (2)

NameDesignationAppointment DateStatus
Mukesh Sharma CFO15-Jun-2015Current
Gagandeep Gupta Company Secretary20-Jul-2019Current

Board Members (3)

NameDesignationAppointment DateStatus
Mahesh Sureka Country flag representing In Director 26-Jul-2005Current
Akshay Jhunjhunwala Country flag representing In Whole-Time Director 22-Dec-2012Current
Manoj Mishra Country flag representing In Director 26-Jul-2005Current

Financial Performance of Varrsana Ispat.

Varrsana Ispat Ltd, for the financial year ended 2019, experienced significant growth in revenue, with a 16.67% increase. The company also saw a substantial fall in profitability, with a 94.72% decrease in profit. The company's net worth observed a substantial decline by a decrease of 234.35%.

Graph illustrating revenue growth over time
Graph showing 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
16.67%
Revenue from Operations
17.09%
Total Assets
0.38%
Profit or Loss
-94.72%
Net Worth
-234.35%
EBITDA
-101.95%

What is the Ownership and Shareholding Structure of Varrsana Ispat?

In 2019, Varrsana Ispat had a promoter holding of 37.88% and a public holding of 62.12%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,353.21 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Others : 1902.13 Cr
  • Uco Bank : 226.40 Cr
  • Corporation Bank : 111.00 Cr
  • United Bank Of India : 50.00 Cr
  • Central Bank Of India : 38.68 Cr
  • Others : 25.00 Cr

Latest Charge Details

DateLenderAmountStatus
13 Dec 2013Sberbank₹25.00 CrOpen
02 May 2013Corporation Bank₹61.00 CrOpen
22 Mar 2013Others₹15.00 CrOpen
01 Jun 2012Others₹605.00 CrOpen
09 Apr 2011Others₹144.05 CrOpen

How Many Employees Work at Varrsana Ispat?

Varrsana Ispat has a workforce of 681 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varrsana Ispat, 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 Varrsana Ispat'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 Varrsana Ispat

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 22 Mar 2013 with Charge ID 10412551 was modified on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Others of Rs. 605.00 Cr registered on 01 Jun 2012 with Charge ID 10359645 was modified on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Others of Rs. 144.05 Cr registered on 09 Apr 2011 with Charge ID 10283037 was modified on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Others of Rs. 579.30 Cr registered on 21 Nov 2009 with Charge ID 10187404 was modified on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Others of Rs. 114.00 Cr registered on 18 Feb 2006 with Charge ID 10000654 was modified on 29 Dec 2020.

    29 Dec 2020

  • Charges

    A charge with Others of Rs. 195.03 Cr registered on 28 Mar 2008 with Charge ID 10190030 was modified on 23 Nov 2020.

    23 Nov 2020

Frequently asked questions

  • Varrsana Ispat Ltd was incorporated on 01 Mar 2000.

  • The authorized share capital of Varrsana Ispat Ltd is ₹ 30.00 Cr and paid-up capital is ₹ 24.85 Cr.

  • Currently 5 directors are associated with Varrsana Ispat Ltd.

    • Mahesh Kumar Sureka
    • Mukesh Sharma
    • Gagandeep Gupta
    • Akshay Jhunjhunwala
    • Manoj Mishra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Varrsana Ispat Ltd is Everest House 46-C Chowringee Road, 15Th Floor R. N. .15B, Kolkata, West Bengal, India, 700071.

  • The corporate identification number (CIN) of Varrsana Ispat Ltd is U99999WB2000PLC124804 and the company number is 124804 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Varrsana Ispat Ltd is https://www.varrsana.com

  • According to the financial reports for the fiscal year 2019, the revenue trend for Varrsana Ispat Ltd has risen by 16.67%.

  • As Per 2019 financial reports, 681 employees are currently employed by Varrsana Ispat Ltd.

  • The financial reports for the fiscal year 2019 indicates that The net worth of Varrsana Ispat Ltd has experienced an downturn of -234.35%.

  • As per the financial statements for fiscal Year 2019, The total open charges for Varrsana Ispat Ltd amount to ₹ 2,353.21 Cr.

  • The most recent Balance Sheet for Varrsana Ispat Ltd was filed with the ROC on 31 Mar 2019.

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