Varun Automobiles Private Limited

Auto trading company established in 1996 with registered office in Visakhapatnam, Andhra Pradesh.

1996 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated: December 25, 2024

Varun Automobiles Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.20 M
  • Company Age 29 Year, 3 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 56.25 Cr
  • Satisfied Charges ₹ 368.59 Cr
  • Revenue Growth %
  • Profit Growth 170.51%
  • Ebitda 92.96%
  • Net Worth 11.30%
  • Total Assets 1.57%

About Varun Automobiles

Varun Automobiles Private Limited (VAPL) is a Private Limited Indian Non-Government Company incorporated in India on 05 February 1996 and has a history of 29 years. Its registered office is in Visakhapatnam, Andhra Pradesh.

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 2023. It's a company limited by shares with an authorized capital of Rs 0.20 M and a paid-up capital of Rs 0.20 M.

The company currently has active open charges totaling ₹56.25 Cr. The company has closed loans amounting to ₹368.59 Cr, as per Ministry of Corporate Affairs (MCA) records.

Prabhu Vallurupalli, Lakshmi Vallurupalli, Janaki Adusumalli, and One other member serve as directors at the Company.

Company Details

  • Location
    Visakhapatnam, Andhra Pradesh
  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U65921AP1996PTC023102

  • Company No.

    023102

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    05 Feb 1996

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Automotive

Who are the key members and board of directors at Varun Automobiles?

Board Members (4)

Name Designation Appointment Date Status
Narasimha Penmetsa Country flag representing In Director 30-Oct-2023 Current
Janaki Adusumalli Country flag representing In Director 05-Feb-1996 Current
Prabhu Vallurupalli Country flag representing In Director 05-Feb-1996 Current
Lakshmi Vallurupalli Country flag representing In Director 05-Feb-1996 Current

Financial Performance of Varun Automobiles.

Varun Automobiles Private Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 170.51% increase in profit. The company's net worth Soared by an impressive increase of 11.3%.

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
Revenue from Operations
Total Assets
1.57%
Profit or Loss
170.51%
Net Worth
11.30%
EBITDA
92.96%

What is the Ownership and Shareholding Structure of Varun Automobiles?

Unlock access to Varun Automobiles's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹562.50 M

Satisfied Charges

₹3,685.90 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 56.25 Cr

Latest Charge Details

Date Lender Amount Status
12 Jul 2013 Hdfc Bank Limited ₹56.25 Cr Open
12 Jul 2022 Others ₹7.00 Cr Satisfied
02 Dec 2021 Axis Bank Limited ₹169.00 Cr Satisfied
03 Oct 2020 Others ₹2.24 Cr Satisfied
05 Aug 2008 Bank Of Baroda ₹93.80 Cr Satisfied

How Many Employees Work at Varun Automobiles?

Unlock and access historical data on people associated with Varun Automobiles, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varun Automobiles, 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 Varun Automobiles'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 Varun Automobiles

Recent activity within the organization

  • Charges

    A charge registered on 12 Jul 2022 via Charge ID 100591500 with Others was fully satisfied on 19 Jul 2024.

    19 Jul 2024

  • Charges

    A charge registered on 02 Dec 2021 via Charge ID 100543061 with Axis Bank Limited was fully satisfied on 20 Feb 2024.

    20 Feb 2024

  • Director Appointment

    Narasimha Durga Harinadha Ranga Raju Penmetsa was appointed as a Director was appointed as a Director on 30 Oct 2023 & has been associated with this company since 1 year 3 months .

    30 Oct 2023

  • Annual General Meeting

    Varun Automobiles Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Varun Automobiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.

    31 Mar 2023

  • Charges

    A charge registered on 03 Oct 2020 via Charge ID 100377547 with Others was fully satisfied on 25 Jul 2022.

    25 Jul 2022

Recent News, Updates & Announcement

Frequently asked questions

  • Varun Automobiles Private Limited was incorporated on 05 Feb 1996.

  • The authorized share capital of Varun Automobiles Private Limited is ₹ 0.20 M and paid-up capital is ₹ 0.20 M.

  • Currently 4 directors are associated with Varun Automobiles Private Limited.

    • Prabhu Kishore Vallurupalli
    • Lakshmi Kishore Vallurupalli
    • Janaki Ram Adusumalli
    • Narasimha Durga Harinadha Ranga Raju Penmetsa
  • As per Ministry of Corporate Affairs (Mca), the registered address of Varun Automobiles Private Limited is 10-50-22/1 Siripuramjunction, India, Visakhapatnam, Andhra Pradesh, 530030.

  • The corporate identification number (CIN) of Varun Automobiles Private Limited is U65921AP1996PTC023102 and the company number is 023102 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Varun Automobiles Private Limited is https://www.varungroup.com

  • The financial reports for the fiscal year 2023 indicates that The net worth of Varun Automobiles Private Limited has experienced an upsurge of 11.30%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Varun Automobiles Private Limited amount to ₹ 56.25 Cr.

  • The most recent Balance Sheet for Varun Automobiles Private Limited was filed with the ROC on 31 Mar 2023.