Varuna Shipping Private Limited
About Varuna Shipping Private Limited
Data last updated:
Varuna Shipping Private Limited is a private limited company based in Kalyan East, Maharashtra, India. It operates in the marine and naval engineering segment of the engineering sector. It was incorporated on 18 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63030MH2017PTC289726. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sharath Shivdasan Nair (Managing Director) and Mohit Nair Ravindran.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Kairali Park Flat No.701 Near Jaibai Road Katemanivali, Kalyan East, Maharashtra, India – 421306.
As per the financials filed for FY 2019, the company reported a revenue of ₹73,970, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.61 Lakh (net margin -218.2%) and EBITDA of -₹1.53 Lakh (EBITDA margin -207.2%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressKairali Park Flat No.701 Near Jaibai Road Katemanivali, Kalyan East, Maharashtra, India – 421306
- IndustryEngineering, Marine & Naval Engineering
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Varuna Shipping Private Limited
The business activities of Varuna Shipping are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Varuna Shipping Private Limited FY 2019 filings available
Varuna Shipping Private Limited reported revenue of ₹73,970 (down 33% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Varuna Shipping Private Limited
Revenue fell 33% in the latest year. EBITDA rose 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Varuna Shipping Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹73,970 | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹1.53 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.61 Lakh | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Varuna Shipping Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -207.2% | •••• | •••• |
| Net Profit Margin | -218.2% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Varuna Shipping are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Varuna Shipping Private Limited
Varuna Shipping has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Nair Ravindran | Director | 18 Jan 2017 | 9 Years 9 Months | Current |
| Sharath Shivdasan Nair | Managing Director | 18 Jan 2017 | 9 Years 9 Months | Current |
| Soni Kumari Also directs: Taimai International LLP | Director | 09 Dec 2019 | 6 Years 10 Months | Current |
Peer Comparison of Varuna Shipping Private Limited
Varuna Shipping Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Marine Engineering). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pegasus Maritime (India) Pvt Ltd | ₹1.05 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Cliff Ship Management Private Limited | ₹92,509 (FY 2025) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Marine Engineering Diving Services Private Limited | ₹86,850 (FY 2018) | •••• | •••• | 2.0% | •••• | Navi Mumbai, Maharashtra, India |
| Fietz Global Engineering and Technology Private Limited | ₹81,321 (FY 2025) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Hamburg Marine Lines Private Limited | ₹74,700 (FY 2025) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Varuna Shipping Private Limited this company | ₹73,970 (FY 2019) | •••• | •••• | -33.0% | •••• | Kalyan East, Maharashtra, India |
| Trishula Maritime Private Limited | ₹61,461 (FY 2024) | •••• | •••• | 29.0% | •••• | Thane, Maharashtra, India |
| Helia Marine Services Private Limited | ₹56,051 (FY 2022) | •••• | •••• | -75.0% | •••• | Mumbai, Maharashtra, India |
| Sterling Martek (I) Private Limited | ₹54,258 (FY 2021) | •••• | •••• | -95.0% | •••• | Mumbai, Maharashtra, India |
| Admiral Marine (Bond) Services Private Limited | ₹53,880 (FY 2025) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Dmndt Inspection and Training Services Private Limited | ₹32,280 (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Varuna Shipping by revenue in the Engineering industry (Marine Engineering), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Varuna Shipping Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varuna Shipping Private Limited
Varuna Shipping Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varuna Shipping Private Limited
Employment history and EPFO contributions of people linked to Varuna Shipping.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Varuna Shipping Private Limited
Varuna Shipping Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Soni Kumari was appointed as Director on 09 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Varuna Shipping Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varuna Shipping Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varuna Shipping Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varuna Shipping Private Limited
Varuna Shipping has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varuna Shipping Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varuna Shipping Private Limited
Varuna Shipping is an active private limited company based in Kalyan East, Maharashtra, India. The company works in marine and naval engineering, within the engineering industry. It was incorporated on 18 January 2017 (9+ years old) and is registered under CIN U63030MH2017PTC289726.
Varuna Shipping reported revenue of ₹73,970 for FY 2019 (down 33% YoY).
Varuna Shipping has 3 current directors:
- Sharath Shivdasan Nair - Managing Director
- Mohit Nair Ravindran - Director
- Soni Kumari - Director
Varuna Shipping reported a net loss of ₹1.61 Lakh (net margin -218.2%) and EBITDA of -₹1.53 Lakh (EBITDA margin -207.2%) for FY 2019, as per its filed financial statements.
No. Varuna Shipping has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varuna Shipping is U63030MH2017PTC289726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varuna Shipping was incorporated on 18 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varuna Shipping by revenue are Pegasus Maritime (India) Pvt Ltd, Cliff Ship Management Private Limited, Marine Engineering Diving Services Private Limited, Fietz Global Engineering and Technology Private Limited, Hamburg Marine Lines Private Limited and 5 more, all in the Engineering industry (Marine Engineering).
Soni Kumari was appointed as Director on 09 Dec 2019. Mohit Nair Ravindran was appointed as Director on 18 Jan 2017. Sharath Shivdasan Nair was appointed as Managing Director on 18 Jan 2017.
The registered office of Varuna Shipping is at Kairali Park Flat No.701 Near Jaibai Road Katemanivali, Kalyan East, Maharashtra, India – 421306.
Varuna Shipping has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh.