About Varad Shelters Private Limited
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Varad Shelters Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2012PTC144580. Its GSTIN is 27AAECV3149C2ZG (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shinde Nitin Shankarrao and Alkavati Prakash Pansare.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 33/147 Apte Colony Hingne – Kh – Vitthalwadi, Pune, Maharashtra, India – 411051.
As per the financials filed for FY 2021, the company reported a revenue of ₹21.21 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.31 Lakh (net margin 10.9%) and EBITDA of ₹1.34 Cr. Revenue has grown at a compounded annual rate (CAGR) of 341% over three years and 136% over five years.
As per MCA filings, the company has open charges of ₹12.98 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varadshelters.com.
Company details
Contact details
Varad Shelters Private Limited's registered office is in Pune, Maharashtra. Its website is varadshelters.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address33/147 Apte Colony Hingne – Kh – Vitthalwadi, Pune, Maharashtra, India – 411051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Varad Shelters Private Limited, buy the company report.
- 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
Business activity
The main business activity of Varad Shelters is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Varad Shelters Private Limited, buy the company report.
Financials of Varad Shelters Private Limited
FY 2021 filings availableVarad Shelters Private Limited reported revenue of ₹21.21 Lakh (up 9423% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 136% over five years. EBITDA rose 53% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹1.34 Cr | ||||
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| Net Profit (PAT) | ₹2.31 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Net Profit Margin | 10.9% | ||||
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To see the full financial statements and ratios of Varad Shelters Private Limited, buy the company report.
Board of directors of Varad Shelters Private Limited
Varad Shelters has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shinde Nitin Shankarrao Also directs: Varad Infracon LLP, Varad Buildcon Private Limited | Director | 31 Aug 2012 | 14 Years 1 Months | Current |
| Alkavati Prakash Pansare | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Swapnil Madhukar Dhayade Also directs: Varad Infracon LLP, Urbannest Promoters and Developers LLP, Varad Buildcon Private Limited and 1 more | Director | 31 Aug 2012 | 14 Years 1 Months | Current |
| Mangesh Balkrishna Deokar | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
| Prakash Pansare Marutrao Also directs: Varad Buildcon Private Limited | Director | 31 Aug 2012 | 14 Years 1 Months | Current |
Auditor
Varad Shelters Private Limited is audited by DHARMESH M BAGTHARIA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH M BAGTHARIA & CO | FY 2016 | 118269W |
Shareholding
The shareholding of Varad Shelters Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Varad Shelters Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jul 2020 | 100373101 | State Bank of India | ₹1.48 Cr | Open | |
| 30 Mar 2019 | 100257191 | State Bank of India | ₹10 Cr | Open | |
| 30 Mar 2015 | 10590279 | The Cosmos Co-Operative Bank Ltd. (Warje Br) | ₹1.5 Cr | Open |
Total charge records: 3 View all charges
Legal cases
Varad Shelters Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by State Bank of India | Disposed |
To see the full case history of Varad Shelters Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varad Shelters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varad Shelters has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV3149C2ZG | Maharashtra | Active | 05 Mar 2018 |
To see the full GST registrations and return filing status of Varad Shelters Private Limited, buy the company report.
Recent activity
Varad Shelters Private Limited has 7 board changes on record since 2012: 5 appointments and 2 cessations. The latest: Mangesh Balkrishna Deokar ceased to be Additional Director on 30 Sep 2018.
1 earlier event is in the company report.
Frequently asked questions
Varad Shelters is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 August 2012 (14+ years old) and is registered under CIN U45200PN2012PTC144580.
Varad Shelters has 5 current directors:
- Shinde Nitin Shankarrao - Director
- Alkavati Prakash Pansare - Director
- Swapnil Madhukar Dhayade - Director
- Mangesh Balkrishna Deokar - Director
- Prakash Pansare Marutrao - Director
The latest financial statements of Varad Shelters on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Varad Shelters is 27AAECV3149C2ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Varad Shelters is U45200PN2012PTC144580. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varad Shelters has 1 court case on record: 1 filed against it.
Varad Shelters was incorporated on 31 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Pune.
Mangesh Balkrishna Deokar ceased to be Additional Director on 30 Sep 2018. Mangesh Balkrishna Deokar was appointed as Director on 06 Dec 2017. Alkavati Prakash Pansare ceased to be Additional Director on 30 Sep 2015. Varad Shelters has 7 board changes on record in total.
Varad Shelters can be reached through the website varadshelters.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Varad Shelters is at 33147 Apte Colony Hingne – Kh – Vitthalwadi, Pune, Maharashtra, India – 411051.