Varun Foils Profile
Key Indicators
- Authorised Capital ₹ 6.75 Cr
- Paid Up Capital ₹ 6.75 Cr
- Company Age 17 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 96.54 Cr
- Satisfied Charges ₹ 56.15 Cr
- Revenue Growth 14.86%
- Profit Growth 42.36%
- Ebitda 23.51%
- Net Worth 5.43%
- Total Assets 56.08%
About Varun Foils
Varun Foils Limited (VFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 August 2007 and has a history of 17 years and five months. Its registered office is in Delhi, India.
The Company is engaged in the Metals And Minerals 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 6.75 Cr and a paid-up capital of Rs 6.75 Cr.
The company currently has active open charges totaling ₹96.54 Cr. The company has closed loans amounting to ₹56.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Varun Foils Limited India is Atulay Sharma as COMPANY SECRETARY. Shashi Sharma, Varun Sharma, and Arun Kumar serve as directors at the Company.
Company Details
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Location
Delhi, 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
U74120DL2007PLC167529
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Company No.
167529
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
30 Aug 2007
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Date of AGM
30 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 Delhi
Industry
What products or services does Varun Foils Limited offer?
Varun Foils Limited offers a wide range of products and services, including Stainless Steel Utensils & Cookware, Steel Cooking Utensils, Steel & Stainless Steel Products, Steel Strips, Stainless Steel Pipes, Stainless Steel 310 Pipe, Steel Pipes and Tubes, Stainless Steel Tube, Stainless Steel Strips.
Who are the key members and board of directors at Varun Foils?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Atulay Sharma
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Company Secretary | 16-Apr-2019 | Current |
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Varun Sharma
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Managing Director | 30-Aug-2007 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Shashi Sharma
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Whole-Time Director | 30-Aug-2007 | Current |
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Arun Kumar
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Director | 30-Aug-2007 | Current |
Financial Performance of Varun Foils.
Varun Foils Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.86% increase. The company also saw a substantial improvement in profitability, with a 42.36% increase in profit. The company's net worth moved up by a moderate rise of 5.43%.
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What is the Ownership and Shareholding Structure of Varun Foils?
In 2023, Varun Foils had a promoter holding of 78.44% and a public holding of 21.55%. 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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Varun Products Private LimitedShashi Sharma, Varun Sharma and 1 more are mutual person
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J.P. Shastri Construction Private LimitedShashi Sharma and Arun Kumar are mutual person
Charges (Loans)
₹96.54 Cr
₹56.15 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 96.54 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jun 2018 | Hdfc Bank Limited | ₹77.32 Cr | Open |
| 11 Sep 2017 | Hdfc Bank Limited | ₹19.22 Cr | Open |
| 30 Sep 2014 | Ing Vysya Bank Limited | ₹21.00 Cr | Satisfied |
| 05 May 2011 | State Bank Of India | ₹8.65 Cr | Satisfied |
| 08 Apr 2011 | State Bank Of India | ₹16.50 Cr | Satisfied |
How Many Employees Work at Varun Foils?
Varun Foils has a workforce of 13 employees as of Mar 23, 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 Varun Foils, 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 Foils'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.