Varahi Textiles Private Limited
About Varahi Textiles Private Limited
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Varahi Textiles Private Limited is a private limited company based in Dhule, Maharashtra, India. It operates in the textile segment of the apparel and fashion sector. It was incorporated on 06 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH2005PTC150460. Its GSTIN is 27AACCV1229R1ZV (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Kishor Laxman Pawar and Manoj Yashawant Rawandale.
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 At Post Khede Mukkam – Sutrepada, Dhule, Maharashtra, India – 424302.
As per the financials filed for FY 2021, the company reported a revenue of ₹57,817, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹10.1 Lakh and EBITDA of -₹1.78 Lakh (EBITDA margin -307.1%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 43% over five years.
As per MCA filings, the company has satisfied charges of ₹1.75 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Varahi Textiles Private Limited's registered office is in Dhule, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAt Post Khede Mukkam – Sutrepada, Dhule, Maharashtra, India – 424302
- IndustryAppreal & Fashion, Textile, Leather, Apparel
To see the full contact details of Varahi Textiles 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 Varahi Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Varahi Textiles Private Limited, buy the company report.
Financials of Varahi Textiles Private Limited
FY 2021 filings availableVarahi Textiles Private Limited reported revenue of ₹57,817 (down 96% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 96% fall in the latest year. EBITDA rose 71% 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹1.78 Lakh | ||||
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| Net Profit (PAT) | -₹10.1 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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| EBITDA Margin | -307.1% | ||||
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To see the full financial statements and ratios of Varahi Textiles Private Limited, buy the company report.
Board of directors of Varahi Textiles Private Limited
Varahi Textiles has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Yashawant Rawandale | Additional Director | 18 Apr 2022 | 4 Years 6 Months | Current |
| Kishor Laxman Pawar Also directs: Tech Sutre Industries Limited, Sajni Fabrics Private Limited, Ruchi Cottons Private Limited and 2 more | Director | 06 Jan 2005 | 21 Years 10 Months | Current |
Auditor
Varahi Textiles Private Limited is audited by M. B. AGRAWAL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. B. AGRAWAL & CO | FY 2017 | 100137W |
Shareholding
The shareholding of Varahi Textiles Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varahi Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 May 2012 | 10355780 | State Bank of India | ₹75 Lakh | Satisfied | |
| 29 Dec 2008 | 10143180 | Axis Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Varahi Textiles Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Varahi Textiles Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varahi Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varahi Textiles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV1229R1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varahi Textiles Private Limited, buy the company report.
Recent activity
Varahi Textiles Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Manoj Yashawant Rawandale was appointed as Additional Director on 18 Apr 2022.
Frequently asked questions
Varahi Textiles is an active private limited company based in Dhule, Maharashtra, India. The company works in textile, within the apparel and fashion industry. It was incorporated on 06 January 2005 (21+ years old) and is registered under CIN U17120MH2005PTC150460.
Varahi Textiles has 2 current directors:
- Manoj Yashawant Rawandale - Additional Director
- Kishor Laxman Pawar - Director
The latest financial statements of Varahi Textiles 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 Varahi Textiles is 27AACCV1229R1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varahi Textiles is U17120MH2005PTC150460. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varahi Textiles was incorporated on 06 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Manoj Yashawant Rawandale was appointed as Additional Director on 18 Apr 2022. Smita Chandrashekhar Patil ceased to be Director on 18 Apr 2022. Kishor Laxman Pawar was appointed as Director on 06 Jan 2005.
The registered office of Varahi Textiles is at At Post Khede Mukkam – Sutrepada, Dhule, Maharashtra, India – 424302.
Varahi Textiles operates in the apparel and fashion industry, in the textile segment.
Varahi Textiles has no open charges and satisfied charges of ₹1.75 Cr as per latest MCA filings.
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