Varun Used Cars Private Limited

Sells used cars in Hyderabad, Telangana since 2000.

2000 | Hyderabad, Telangana (India) | Active
Last Updated: December 05, 2024

Varun Used Cars Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 24 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 216.50 Cr
  • Revenue Growth 50.00%
  • Profit Growth -2.62%
  • Ebitda -391.58%
  • Net Worth 11.45%
  • Total Assets 1.08%

About Varun Used Cars

Varun Used Cars Private Limited (VUCPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 March 2000 and has a history of 24 years and ten months. Its registered office is in Hyderabad, Telangana, 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 2.50 M and a paid-up capital of Rs 0.10 M.

The company has closed loans amounting to ₹216.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Prabhu Vallurupalli, Lakshmi Vallurupalli, and Narasimha Penmetsa serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    varungroup.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U34103TG2000PTC034049

  • Company No.

    034049

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Mar 2000

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Automotive

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

Board Members (3)

Name Designation Appointment Date Status
Narasimha Penmetsa Country flag representing In Director 28-Oct-2023 Current
Prabhu Vallurupalli Country flag representing In Director 27-Mar-2000 Current
Lakshmi Vallurupalli Country flag representing In Director 27-Mar-2000 Current

Financial Performance of Varun Used Cars.

Varun Used Cars Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 50% increase. The company also saw a slight decrease in profitability, with a 2.62% decrease in profit. The company's net worth Soared by an impressive increase of 11.45%.

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
50.00%
Revenue from Operations
Total Assets
1.08%
Profit or Loss
-2.62%
Net Worth
11.45%
EBITDA
-391.58%

What is the Ownership and Shareholding Structure of Varun Used Cars?

In 2022, Varun Used Cars had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹2,165.00 M

Charges Breakdown by Lending Institutions

  • Others : 150.00 Cr
  • Bank Of Baroda : 50.00 Cr
  • Icici Bank Limited : 16.50 Cr

Latest Charge Details

Date Lender Amount Status
22 Sep 2017 Others ₹150.00 Cr Satisfied
19 Jul 2012 Icici Bank Limited ₹10.00 Cr Satisfied
29 Sep 2007 Icici Bank Limited ₹6.50 Cr Satisfied
06 Sep 2006 Bank Of Baroda ₹50.00 Cr Satisfied

How Many Employees Work at Varun Used Cars?

Unlock and access historical data on people associated with Varun Used Cars, 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 Used Cars, 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 Used Cars'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 Used Cars

Recent activity within the organization

  • Director Appointment

    Narasimha Durga Harinadha Ranga Raju Penmetsa was appointed as a Director was appointed as a Director on 28 Oct 2023 & has been associated with this company since 1 year 3 months .

    28 Oct 2023

  • Annual General Meeting

    Varun Used Cars Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Varun Used Cars Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

    31 Mar 2023

  • Charges

    A charge registered on 19 Jul 2012 via Charge ID 10368991 with Icici Bank Limited was fully satisfied on 10 Feb 2023.

    10 Feb 2023

  • Charges

    A charge registered on 22 Sep 2017 via Charge ID 100138688 with Others was fully satisfied on 20 Jul 2022.

    20 Jul 2022

  • Charges

    A charge registered on 06 Sep 2006 via Charge ID 10022450 with Bank Of Baroda was fully satisfied on 20 Jul 2022.

    20 Jul 2022

Recent News, Updates & Announcement

Frequently asked questions

  • Varun Used Cars Private Limited was incorporated on 27 Mar 2000.

  • The authorized share capital of Varun Used Cars Private Limited is ₹ 2.50 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Varun Used Cars Private Limited.

    • Prabhu Kishore Vallurupalli
    • Lakshmi Kishore Vallurupalli
    • Narasimha Durga Harinadha Ranga Raju Penmetsa
  • As per Ministry of Corporate Affairs (Mca), the registered address of Varun Used Cars Private Limited is 1-10-177 Varun Towers Begumpet, India, Hyderabad, Telangana, 500016.

  • The corporate identification number (CIN) of Varun Used Cars Private Limited is U34103TG2000PTC034049 and the company number is 034049 as per Ministry of Corporate Affairs (MCA).

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

  • According to the financial reports for the fiscal year 2022, the revenue trend for Varun Used Cars Private Limited has been consistent by 50.00%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Varun Used Cars Private Limited has experienced an upsurge of 11.45%.

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