Varun Motors Profile
Key Indicators
- Authorised Capital ₹ 3.50 Cr
- Paid Up Capital ₹ 1.33 Cr
- Company Age 31 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,209.45 Cr
- Satisfied Charges ₹ 1,160.91 Cr
- Revenue Growth 50.61%
- Profit Growth 5.67%
- Ebitda -42.00%
- Net Worth 32.72%
- Total Assets 20.34%
About Varun Motors
Varun Motors Private Limited (VMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 November 1993 and has a history of 31 years and two months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
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 3.50 Cr and a paid-up capital of Rs 1.33 Cr.
The company currently has active open charges totaling ₹1,209.45 Cr. The company has closed loans amounting to ₹1,160.91 Cr, as per Ministry of Corporate Affairs (MCA) records.
Varun Vallurupalli, Prabhu Vallurupalli, Lakshmi Vallurupalli, and Four other members 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
U50100AP1993PTC016615
- Company No.
016615
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
22 Nov 1993
- Date of AGM
07 Oct 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
What products or services does Varun Motors Private Limited offer?
Varun Motors Private Limited offers a wide range of products and services, including Cars, Motor Cars, Maruti Car.
Who are the key members and board of directors at Varun Motors?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Varun Vallurupalli  | Managing Director | 17-Sep-2004 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prabhu Vallurupalli | Director | 22-Nov-1993 | Current |
| Lakshmi Vallurupalli | Whole-Time Director | 22-Nov-1993 | Current |
| Vellanki Rao | Whole-Time Director | 01-Apr-1999 | Current |
| Ramachandra Raju | Whole-Time Director | 10-Jul-2004 | Current |
| Devagupthapu Kamaraju | Whole-Time Director | 01-Apr-2015 | Current |
| Venkata Putumbaka | Whole-Time Director | 22-Apr-2006 | Current |
Financial Performance of Varun Motors.
Varun Motors Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 50.61% increase. The company also saw a slight improvement in profitability, with a 5.67% increase in profit. The company's net worth Soared by an impressive increase of 32.72%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Varun Motors?
In 2023, Varun Motors 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 LimitedVarun Vallurupalli and Prabhu Vallurupalli are mutual person
Varun Constructions Private LimitedPrabhu Vallurupalli and Lakshmi Vallurupalli are mutual person
Varun International Convention Center Private LimitedVarun Vallurupalli is a mutual person
Varun Hospitality Private LimitedVarun Vallurupalli, Prabhu Vallurupalli and 1 more are mutual person
Varun Carriers Private LimitedPrabhu Vallurupalli and Lakshmi Vallurupalli are mutual person
Varun Auto Sales Private LimitedPrabhu Vallurupalli and Lakshmi Vallurupalli are mutual person
Charges (Loans)
₹1,209.45 Cr
₹1,160.91 Cr
Charges Breakdown by Lending Institutions
- Others : 376.00 Cr
- State Bank Of India : 350.70 Cr
- Axis Bank Limited : 297.00 Cr
- Hdfc Bank Limited : 85.75 Cr
- Indian Bank : 50.00 Cr
- Others : 50.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2024 | Idbi Bank Limited | ₹50.00 Cr | Open |
| 04 Oct 2024 | Indian Bank | ₹50.00 Cr | Open |
| 09 Oct 2023 | Others | ₹40.00 Cr | Open |
| 07 Feb 2022 | Others | ₹86.00 Cr | Open |
| 10 Aug 2019 | Others | ₹140.00 Cr | Open |
How Many Employees Work at Varun Motors?
Varun Motors has a workforce of 10368 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Varun Motors, 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 Motors'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.
