MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-33-0184936
Varass Loungeries Private Limited
Varass Loungeries Private Limited - manufacturing in Bhiwandi, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.33 Cr
▲ 75% YoY
Net profit · FY 2023
₹3.21 Lakh
Net margin 1%
EBITDA · FY 2023
₹15.13 Lakh
EBITDA margin 4.5%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.02 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Varass Loungeries Private Limited
Data last updated:
Varass Loungeries Private Limited is a private limited company based in Bhiwandi, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17309MH2019PTC326401. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Santosh Vasudev Amberkar and Abda Ashoksinh Kaleyanji.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bhiwandi, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.33 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹3.21 Lakh (net margin 1%) and EBITDA of ₹15.13 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 132% over three years.
As per MCA filings, the company has open charges of ₹1.02 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
Varass Loungeries Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0184936). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17309MH2019PTC326401
Registration Number 326401
Incorporation Date 07 June 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-33-0184936
Recognitions & Rankings of Varass Loungeries
Contact details
Varass Loungeries Private Limited's registered office is in Bhiwandi, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No . 107 To 109 Survey No.25 Udhav Krupa Complex B Building, Mankoli Anjurphata Road Dapode, Bhiwandi, Maharashtra, India – 421308
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Varass Loungeries Private Limited, buy the company report.
Comprehensive company report
Varass Loungeries Private Limited - 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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Secure checkout · GST invoice included
Business activity
The main business activity of Varass Loungeries 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 Varass Loungeries Private Limited, buy the company report.
Financials of Varass Loungeries Private Limited
FY 2023 filings availableVarass Loungeries Private Limited reported revenue of ₹3.33 Cr (up 75% YoY) for FY 2023.
Revenue · FY 2023
₹3.33 Cr ▲ 75%
Net profit · FY 2023
₹3.21 Lakh margin 1%
EBITDA · FY 2023
₹15.13 Lakh margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 132%
EBITDA CAGR growth
1 year
▲ 89%
3 years · compounded
▲ 38%
Revenue has grown at a compounded annual rate (CAGR) of 132% over three years, including 75% growth in the latest year. EBITDA rose 89% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.33 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15.13 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.21 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.5% | |||
| Net Profit Margin | 1% | |||
| 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 Varass Loungeries Private Limited, buy the company report.
Board of directors of Varass Loungeries Private Limited
Varass Loungeries has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Vasudev Amberkar | Director | 06 Jul 2022 | 4 Years 3 Months | Current |
| Abda Ashoksinh Kaleyanji Also directs: Artwtr Private Limited | Director | 07 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Varass Loungeries Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Neo Fashion Private Limited | ₹3.34 Cr (FY 2024) | -20.0% | Surat, Gujarat, India | |||
| Vardhaman Wires and Polymers Limited | ₹3.34 Cr (FY 2024) | -28.0% | Vadodara, Gujarat, India | |||
| Kaveri Cotex Private Limited | ₹3.34 Cr (FY 2025) | -85.0% | Jamnagar, Gujarat, India | |||
| Varass Loungeries Private Limitedthis company | ₹3.33 Cr (FY 2023) | ₹3.21 Lakh | 1% | 75.0% | Bhiwandi, Maharashtra, India | |
| Bullet Impex Private Limited | ₹3.33 Cr (FY 2025) | 30.0% | Tiruppur, Tamil Nadu, India |
To see the full peer comparison of Varass Loungeries Private Limited, buy the company report.
Auditor
Varass Loungeries Private Limited is audited by A. R. JADHAV & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. R. JADHAV & ASSOCIATES | FY 2023 | 134199W |
Shareholding
The shareholding of Varass Loungeries Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Varass Loungeries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.02 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2023 | 100755278 | Others | ₹12.15 Lakh | Open | |
| 23 Jun 2023 | 100755277 | Others | ₹90 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Varass Loungeries Private Limited has 3 court cases on record: 3 filed against it. All cases are pending.
Total cases
3
Filed against the company
3
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Fintree Finance Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by HDFC Bank Ltd Through Poa Poonam Biramane | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
To see the full case history of Varass Loungeries 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 Varass Loungeries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varass Loungeries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Varass Loungeries Private Limited, buy the company report.
Recent activity
Varass Loungeries Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Santosh Vasudev Amberkar was appointed as Director on 06 Jul 2022.
AGM
Varass Loungeries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 12.15 Lakh with Charge ID 100755278 was registered on 15 Jul 2023.
Charges
A charge with Others amounted to Rs. 90.00 Lakh with Charge ID 100755277 was registered on 23 Jun 2023.
Filing
Varass Loungeries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Appointed
Santosh Vasudev Amberkar was appointed as Director.
Ceased
Vikas Mohan Jadhav ceased to be Director.
Ceased
Mohan Surji Mav ceased to be Director.
Ceased
Vinod Naran Gori ceased to be Director.
Appointed
Abda Ashoksinh Kaleyanji was appointed as Director.
Incorporation
07 Jun 2019
Varass Loungeries Private Limited was registered on 07 Jun 2019 with Roc Mumbai & aged 7 years 4 months as per MCA records.
Frequently asked questions
Varass Loungeries is an active private limited company based in Bhiwandi, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 June 2019 (7+ years old) and is registered under CIN U17309MH2019PTC326401.
Varass Loungeries has 2 current directors:
- Santosh Vasudev Amberkar - Director
- Abda Ashoksinh Kaleyanji - Director
The latest financial statements of Varass Loungeries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
No. Varass Loungeries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varass Loungeries is U17309MH2019PTC326401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varass Loungeries has 3 court cases on record: 3 filed against it. 3 are pending.
Varass Loungeries was incorporated on 07 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varass Loungeries by revenue are Shri Neo Fashion Private Limited, Vardhaman Wires and Polymers Limited, Kaveri Cotex Private Limited, Bullet Impex Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Santosh Vasudev Amberkar was appointed as Director on 06 Jul 2022. Vikas Mohan Jadhav ceased to be Director on 06 Jul 2022. Mohan Surji Mav ceased to be Director on 01 Dec 2021. Varass Loungeries has 5 board changes on record in total.
Yes, Varass Loungeries is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-33-0184936).
The registered office of Varass Loungeries is at Flat No . 107 To 109 Survey No.25 Udhav Krupa Complex B Building, Mankoli Anjurphata Road Dapode, Bhiwandi, Maharashtra, India – 421308.