Varun Corporation Profile
Key Indicators
- Authorised Capital ₹ 35.00 Cr
- Paid Up Capital ₹ 32.46 Cr
- Company Age 73 Year, 3 Months
- Last Filing with ROC 31 Mar 2017
- Open Charges ₹ 2,757.29 Cr
- Revenue Growth -36.69%
- Profit Growth -6718.74%
- Ebitda 25.48%
- Net Worth -1.76%
- Total Assets 108.58%
About Varun Corporation
Varun Corporation Limited (VCL) is Under Liquidation company established on 04 Feb 1952 with its office registered at Mumbai, Maharashtra, India and has been running since 73 Year, 3 Months with a paid up capital of 32.46 Cr. According to MCA records, 3 Directors are linked to this company as of 24 Apr 2024.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51100MH1952PLC008745
- Company No.
008745
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
04 Feb 1952
- Date of AGM
29 Sep 2017
- Date of Balance Sheet
31 Mar 2017
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Financial Services
Varun Corporation Limited
Explore comprehensive data for Varun Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Varun Corporation?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yudhisthir Khatau  | Director Appointed In Casual Vacancy | 06-Feb-2008 | Current |
| Glen Simoens | Additional Director | 10-Jun-2014 | Current |
| Neerja Khatau | Director Appointed In Casual Vacancy | 02-Jan-2009 | Current |
Financial Performance of Varun Corporation.
Varun Corporation Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 36.69% decrease. The company also saw a substantial fall in profitability, with a 6718.74% decrease in profit. The company's net worth dipped by a decrease of 1.76%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Varun Corporation?
In 2017, Varun Corporation had a promoter holding of 99.97% and a public holding of 0.03%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Glen Simoens and Yudhisthir Khatau are mutual person
Charges (Loans)
Open Charges
₹2,757.29 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 2236.60 Cr
- Others : 508.69 Cr
- Chelamadalam Investment Finance Co Ltd : 10.00 Cr
- Infra. Leasing And Financial Services Ltd : 2.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jun 2017 | Others | ₹116.81 Cr | Open |
| 26 Oct 2016 | Others | ₹391.88 Cr | Open |
| 02 Aug 2016 | Sbicap Trustee Company Limited | ₹2,236.60 Cr | Open |
| 21 Oct 2005 | Chelamadalam Investment Finance Co Ltd | ₹10.00 Cr | Open |
| 08 Oct 2004 | Infra. Leasing And Financial Services Ltd | ₹2.00 Cr | Open |
How Many Employees Work at Varun Corporation?
Unlock and access historical data on people associated with Varun Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Varun Corporation, 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 Corporation'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 Varun Corporation
Recent activity within the organization
- Annual General Meeting
Varun Corporation Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 116.81 Cr with Charge ID 100118475 was registered on 28 Jun 2017.
- Balance Sheet
Varun Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai.
- Charges
A charge with Others amounted to Rs. 391.88 Cr with Charge ID 100059950 was registered on 26 Oct 2016.
- Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 2,236.60 Cr with Charge ID 100086757 was registered on 02 Aug 2016.
- Director Appointment
Glen Damaciano Simoens was appointed as a Additional Director was appointed as a Additional Director on 10 Jun 2014 & has been associated with this company since 10 years 11 months .
Frequently asked questions
What is the Incorporation or founding date of Varun Corporation Limited?
Varun Corporation Limited was incorporated on 04 Feb 1952.
What is authorized share capital and paid-up capital of Varun Corporation Limited?
The authorized share capital of Varun Corporation Limited is ₹ 35.00 Cr and paid-up capital is ₹ 32.46 Cr.
Who are the current board members & directors of Varun Corporation Limited?
Currently 3 directors are associated with Varun Corporation Limited.
- Glen Damaciano Simoens
- Neerja Yudhishthir Khatau
- Yudhisthir Dilip Khatau
What is the registered address of Varun Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Varun Corporation Limited is 6 Shoorji Vallabhadas Margballard Estate, Mumbai, Maharashtra, India, 400038.
What is the corporate identification number (CIN) and company number of Varun Corporation Limited?
The corporate identification number (CIN) of Varun Corporation Limited is U51100MH1952PLC008745 and the company number is 008745 as per Ministry of Corporate Affairs (MCA).
What is the official website of Varun Corporation Limited?
The Official website of Varun Corporation Limited is https://www.varunship.com
What has been the recent revenue trend for Varun Corporation Limited?
According to the financial reports for the fiscal year 2017, the revenue trend for Varun Corporation Limited has fallen by -36.69%.
What change has been observed in the net worth of Varun Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2017 indicates that The net worth of Varun Corporation Limited has experienced an downturn of -1.76%.
What are the total open charges for Varun Corporation Limited?
As per the financial statements for fiscal Year 2017, The total open charges for Varun Corporation Limited amount to ₹ 2,757.29 Cr.
When was the last Balance Sheet of Varun Corporation Limited filed with the ROC?
The most recent Balance Sheet for Varun Corporation Limited was filed with the ROC on 31 Mar 2017.
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