India's Richest People 2026 edition · 1 director · Source: Hurun India
- #472 Padam Prakash Gupta & family ₹7,400 Cr
Varanasi Commercial Ltd
Varanasi Commercial Ltd - financial services in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Public Limited Company financial services
Revenue · FY 2025
₹24.58 Cr
▲ 7% YoY
Net profit · FY 2025
₹18.08 Cr
Net margin 73.6%
EBITDA · FY 2025
₹24.23 Cr
EBITDA margin 98.5%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.06 Cr
Issued & subscribed
Open charges
₹24.7 Cr
Secured borrowings
Company age
47 yrs
Est. 1979
Directors on board
3
As per MCA filings
About Varanasi Commercial Ltd
Data last updated:
Varanasi Commercial Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 March 1979 and has been in existence for over 47 years.
Its director Padam Prakash Gupta and family are #472 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U24111WB1979PLC031911.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.06 Cr. It is led by directors including Rajiv Agarwal and Padam Prakash Gupta.
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Park, Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.58 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹18.08 Cr (net margin 73.6%) and EBITDA of ₹24.23 Cr (EBITDA margin 98.5%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹24.7 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2020. Its 7 peer companies in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 3 smaller; the largest is Aptus Finance India Private Limited with revenue of ₹24.75 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24111WB1979PLC031911
Registration Number 031911
Incorporation Date 09 March 1979
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Varanasi Commercial has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24111WB1979PLC031911, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24111WB1979PLC031911 | Current |
| L24111WB1979PLC031911 | Previous |
| U24111WB1979PTC031911 | Previous |
Recognitions & Rankings of Varanasi Commercial
Contact details
Varanasi Commercial Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3F – Park Plaza, 71 Park Street, Kolkata, West Bengal, India – 700016
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Varanasi Commercial Ltd, buy the company report.
Comprehensive company report
Varanasi Commercial Ltd - one report that includes everything
- 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
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Business activity
The main business activity of Varanasi Commercial is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Varanasi Commercial Ltd, buy the company report.
Financials of Varanasi Commercial Ltd
FY 2025 filings availableVaranasi Commercial Ltd reported revenue of ₹24.58 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹24.58 Cr ▲ 7%
Net profit · FY 2025
₹18.08 Cr margin 73.6%
EBITDA · FY 2025
₹24.23 Cr margin 98.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 32%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 58%
5 years · compounded
▲ 65%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 7% growth in the latest year. EBITDA rose 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹24.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.08 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.5% | ||||
| Net Profit Margin | 73.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Varanasi Commercial Ltd, buy the company report.
Board of directors of Varanasi Commercial Ltd
Varanasi Commercial has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Agarwal Also directs: Trimurti Associates Pvt Ltd, North Dinajpur Power Limited, Techno Ganga Nagar Green Power Generating Company Limited and 5 more | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Padam Prakash Gupta Also directs: Ahilya Abhyudaya LLP, Techno Electric & Engineering Company Limited, Horizon Vintrade Private Limited and 1 more | Director | 01 Oct 2019 | 7 Years 1 Months | Current |
| Sanjay Kumar Bhuwalka | Director | 19 Nov 2009 | 16 Years 11 Months | Current |
Peer comparison
Varanasi Commercial Ltd is compared with the 7 companies closest to it by revenue in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aptus Finance India Private Limited | ₹24.75 Cr (FY 2019) | 1350.0% | Chennai, Tamil Nadu, India | |||
| Soyuz Trading Co Ltd | ₹24.73 Cr (FY 2019) | -30.0% | Kolkata, West Bengal, India | |||
| Campbell Advertising Pvt Ltd | ₹24.66 Cr (FY 2024) | 59.0% | Kolkata, West Bengal, India | |||
| Meenakshi Tea Company Ltd. | ₹24.63 Cr (FY 2024) | 23.0% | Kolkata, West Bengal, India | |||
| Varanasi Commercial Ltdthis company | ₹24.58 Cr (FY 2025) | ₹18.08 Cr | 73.6% | 7.0% | Kolkata, West Bengal, India | |
| Sandhya Finance Limited | ₹24.43 Cr (FY 2025) | 31.0% | New Delhi, Delhi, India | |||
| Livfin India Private Limited | ₹24.41 Cr (FY 2025) | -49.0% | New Delhi, Delhi, India | |||
| Aneri Fincap Limited | ₹24.34 Cr (FY 2019) | 10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varanasi Commercial Ltd, buy the company report.
Auditor
Varanasi Commercial Ltd is audited by RKP ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RKP ASSOCIATES | FY 2023 | 322473E |
Shareholding
The shareholding of Varanasi Commercial Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varanasi Commercial Ltd, buy the company report.
Charges & borrowings
Open charges
₹24.7 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2025 | 101200535 | Others | ₹2.25 Cr | Open | |
| 16 Jul 1996 | 90251827 | Vijaya Bank | ₹22.45 Cr | Open |
To see the full charge records of Varanasi Commercial Ltd, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Varanasi Commercial Ltd has 2 deals on record (2 secondary share transfers); the latest was in March 2020.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Aarkay Investments Pvt. Ltd. Seller: Admire Goods Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varanasi Commercial Ltd has 5 court cases on record: 4 filed by Varanasi Commercial, 1 filed against it. 2 cases are pending and 3 are disposed.
Total cases
5
Filed by the company
4
Filed against the company
1
Pending
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 0 | 2 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Ms Roofit Industries Ltd N Others6 | Pending |
| High Court | Company petition | Filed by the company against Transword Finvest Ltd. | Disposed |
| Calcutta High Court | Court case (CRR) | Filed against the company by an individual | Disposed |
| High Court | Appeal | Filed by the company against M/S Transward Finvest Ltd. | Disposed |
To see the full case history of Varanasi Commercial Ltd, 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 Varanasi Commercial Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Varanasi Commercial has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Associated companies
GST
No GST registration is on our record for Varanasi Commercial Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varanasi Commercial Ltd has 11 board changes on record since 2009: 3 appointments and 8 cessations. The latest: Padam Prakash Gupta ceased to be Director Appointed In Casual Vacancy on 30 Sep 2020.
Charges
A charge with Others amounted to Rs. 2.25 Cr with Charge ID 101200535 was registered on 26 Nov 2025.
AGM
Varanasi Commercial Ltd last Annual general meeting of members was held on 05 Sep 2025 as per latest MCA records.
Filing
Varanasi Commercial Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Ceased
Padam Prakash Gupta ceased to be Director Appointed In Casual Vacancy.
Appointed
Padam Prakash Gupta was appointed as Director.
Ceased
Ankit Saraiya ceased to be Additional Director.
Ceased
Prabhakaran Puthanveettil Kandanath ceased to be Director.
Ceased
Rajiv Agarwal ceased to be Additional Director.
Ceased
Pradeep Kumar Lohia ceased to be Director.
Appointed
Rajiv Agarwal was appointed as Director.
Ceased
Sanjay Kumar Bhuwalka ceased to be Additional Director.
Ceased
Manoj Chandak ceased to be Company Secretary.
5 earlier events are in the company report.
Frequently asked questions
Varanasi Commercial is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 09 March 1979 (47+ years old) and is registered under CIN U24111WB1979PLC031911.
Varanasi Commercial has 3 current directors:
- Rajiv Agarwal - Director
- Padam Prakash Gupta - Director
- Sanjay Kumar Bhuwalka - Director
The latest financial statements of Varanasi Commercial on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varanasi Commercial is U24111WB1979PLC031911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varanasi Commercial has 5 court cases on record: 4 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Varanasi Commercial was incorporated on 09 March 1979, making it 47+ years old. It is registered with the Registrar of Companies, Kolkata.
Varanasi Commercial has 2 deals on record (2 secondary share transfers); the latest was in March 2020.
The peers of Varanasi Commercial by revenue are Aptus Finance India Private Limited, Soyuz Trading Co Ltd, Campbell Advertising Pvt Ltd, Meenakshi Tea Company Ltd, Sandhya Finance Limited and 2 more, all in the BFSI industry (Mid Sized Non Deposit NBFC, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Padam Prakash Gupta ceased to be Director Appointed In Casual Vacancy on 30 Sep 2020. Padam Prakash Gupta was appointed as Director on 01 Oct 2019. Ankit Saraiya ceased to be Additional Director on 30 Sep 2019. Varanasi Commercial has 11 board changes on record in total.
The registered office of Varanasi Commercial is at 3F – Park Plaza, 71 Park Street, Kolkata, West Bengal, India – 700016.
Varanasi Commercial operates in the financial services industry, in the nbfc segment.
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