Varun Hospitality Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.05 Cr
- Company Age 41 Year, 8 Months
- Last Filing with ROC 31 Mar 2020
- Open Charges ₹ 404.44 Cr
- Satisfied Charges ₹ 195.00 Cr
- Revenue Growth 34.54%
- Profit Growth -347.56%
- Ebitda 45.69%
- Net Worth -11.29%
- Total Assets -10.54%
About Varun Hospitality
Varun Hospitality Private Limited (VHPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 July 1983 and has a history of 41 years and eight months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The Corporate was formerly known as Sea Valley Esatates Private Limited. The Company is engaged in the Travel And Hospitality Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2020. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.05 Cr.
The company currently has active open charges totaling ₹404.44 Cr. The company has closed loans amounting to ₹195.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vallurupalli Varsha, Lakshmi Vallurupalli, Prabhu Vallurupalli, and One other member serve as directors at the Company.
Company Details
- Location
Visakhapatnam, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45200TG1983PTC004048
- Company No.
004048
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Jul 1983
- Date of AGM
31 Dec 2020
- Date of Balance Sheet
31 Mar 2020
- Listing Status
Unlisted
- ROC Code
Roc-Hyderabad
Industry
Travel and Hospitality
Who are the key members and board of directors at Varun Hospitality?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prabhu Vallurupalli  | Managing Director | 22-May-1996 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vallurupalli Varsha | Director | 25-Apr-2007 | Current |
| Lakshmi Vallurupalli | Director | 04-Mar-2002 | Current |
| Varun Vallurupalli | Director | 25-Apr-2007 | Current |
Financial Performance of Varun Hospitality.
Varun Hospitality Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 34.54% increase. The company also saw a substantial fall in profitability, with a 347.56% decrease in profit. The company's net worth observed a substantial decline by a decrease of 11.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Varun Hospitality?
In 2020, Varun Hospitality 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)
Padmaja Motors Private LimitedPrabhu Vallurupalli and Varun Vallurupalli are mutual person
Varun Constructions Private LimitedLakshmi Vallurupalli and Prabhu Vallurupalli are mutual person
Varun International Convention Center Private LimitedVallurupalli Varsha and Varun Vallurupalli are mutual person
Varun Carriers Private LimitedLakshmi Vallurupalli and Prabhu Vallurupalli are mutual person
Varun Auto Sales Private LimitedLakshmi Vallurupalli and Prabhu Vallurupalli are mutual person
Varun Hospitality Management Private LimitedLakshmi Vallurupalli and Varun Vallurupalli are mutual person
Charges (Loans)
Open Charges
₹404.44 Cr
Satisfied Charges
₹195.00 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 272.43 Cr
- Hdfc Bank Limited : 132.01 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jan 2018 | State Bank Of India | ₹272.43 Cr | Open |
| 29 Dec 2016 | Hdfc Bank Limited | ₹132.01 Cr | Open |
| 11 May 2015 | Bank Of Baroda | ₹89.50 Cr | Satisfied |
| 23 Jun 2008 | State Bank Of India | ₹105.50 Cr | Satisfied |
How Many Employees Work at Varun Hospitality?
Varun Hospitality has a workforce of 649 employees as of Apr 09, 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 Hospitality, 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 Hospitality'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 Hospitality
Recent activity within the organization
- Charges
A charge with Hdfc Bank Limited of Rs. 132.01 Cr registered on 29 Dec 2016 with Charge ID 100072555 was modified on 04 Jun 2021.
- Charges
A charge with State Bank Of India of Rs. 272.43 Cr registered on 02 Jan 2018 with Charge ID 100163397 was modified on 13 May 2021.
- Annual General Meeting
Varun Hospitality Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
- Balance Sheet
Varun Hospitality Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with RoC-Hyderabad.
- Charges
A charge registered on 11 May 2015 via Charge ID 10569140 with Bank Of Baroda was fully satisfied on 01 Mar 2018.
- Charges
A charge with State Bank Of India amounted to Rs. 272.43 Cr with Charge ID 100163397 was registered on 02 Jan 2018.
Recent News, Updates & Announcement
Oriental Hotels divests Gateway Hotel Beach Road Visakhapatnam to retain management contract.The management and the overall operations of the hotel will continue to be with IHCL while the hotel undergoes extensive renovation and enhancement..
Frequently asked questions
What is the Incorporation or founding date of Varun Hospitality Private Limited?
Varun Hospitality Private Limited was incorporated on 23 Jul 1983.
What is authorized share capital and paid-up capital of Varun Hospitality Private Limited?
The authorized share capital of Varun Hospitality Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.05 Cr.
Who are the current board members & directors of Varun Hospitality Private Limited?
Currently 4 directors are associated with Varun Hospitality Private Limited.
- Vallurupalli Varsha
- Lakshmi Kishore Vallurupalli
- Prabhu Kishore Vallurupalli
- Varun Dev Vallurupalli
What is the registered address of Varun Hospitality Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Varun Hospitality Private Limited is 7-8-1/1, Kasturba Marg Siripuram, Vishakhapatnam, Telangana, India, 530003.
What is the corporate identification number (CIN) and company number of Varun Hospitality Private Limited?
The corporate identification number (CIN) of Varun Hospitality Private Limited is U45200TG1983PTC004048 and the company number is 004048 as per Ministry of Corporate Affairs (MCA).
What is the official website of Varun Hospitality Private Limited?
The Official website of Varun Hospitality Private Limited is https://www.varungroup.com
What has been the recent revenue trend for Varun Hospitality Private Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Varun Hospitality Private Limited has risen by 34.54%.
How many employees does Varun Hospitality Private Limited currently have?
As Per 2020 financial reports, 649 employees are currently employed by Varun Hospitality Private Limited.
What change has been observed in the net worth of Varun Hospitality Private Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Varun Hospitality Private Limited has experienced an downturn of -11.29%.
What are the total open charges for Varun Hospitality Private Limited?
As per the financial statements for fiscal Year 2020, The total open charges for Varun Hospitality Private Limited amount to ₹ 404.44 Cr.
When was the last Balance Sheet of Varun Hospitality Private Limited filed with the ROC?
The most recent Balance Sheet for Varun Hospitality Private Limited was filed with the ROC on 31 Mar 2020.