Varda Spinning & Weaving Mills Private Limited
About Varda Spinning & Weaving Mills Private Limited
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Varda Spinning & Weaving Mills Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 15 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U18109PB2010PTC033695. Its GSTIN is 03AADCV2752J1ZE (Punjab).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.76 Cr. It is led by directors Ashrafi and Pankaj Singhania.
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 Village Jandiali Chandigarh Road Kohara, Ludhiana, Punjab, India – 141112.
As per the financials filed for FY 2023, the company reported a revenue of ₹85,314, a decline of 97% compared to the previous year. For the same year it recorded a net profit of ₹19,814 (net margin 23.2%) and EBITDA of ₹19,814 (EBITDA margin 23.2%). Revenue has declined at a compounded annual rate (CAGR) of 91% over three years and 76% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21.87 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varda Spinning & Weaving Mills Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Jandiali Chandigarh Road Kohara, Ludhiana, Punjab, India – 141112
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Varda Spinning & Weaving Mills 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
Financials of Varda Spinning & Weaving Mills Private Limited
FY 2023 filings availableVarda Spinning & Weaving Mills Private Limited reported revenue of ₹85,314 (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 97% fall in the latest year. EBITDA fell 97% 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 | FY 2018-19 |
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| EBITDA | ₹19,814 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹19,814 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 23.2% | ||||
| Net Profit Margin | 23.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varda Spinning & Weaving Mills Private Limited, buy the company report.
Board of directors of Varda Spinning & Weaving Mills Private Limited
Varda Spinning & Weaving Mills has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashrafi | Director | 19 Jan 2017 | 9 Years 9 Months | Current |
| Pankaj Singhania Also directs: Dealplus Yarns Trading Private Limited | Director | 27 Sep 2013 | 13 Years 1 Months | Current |
Peer comparison
Varda Spinning & Weaving Mills Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jacaranda Textiles Private Limited | ₹85,900 (FY 2025) | 83.0% | New Delhi, Delhi, India | |||
| Creative Edge Mens Wear Private Limited | ₹85,675 (FY 2025) | -95.0% | New Delhi, Delhi, India | |||
| Rach Exports Private Limited | ₹85,597 (FY 2024) | 10721.0% | Mumbai, Maharashtra, India | |||
| CLC Textile Park Private Limited | ₹85,474 (FY 2025) | 8.0% | Pandhurna, Madhya Pradesh, India | |||
| Lotus Polytwist Private Limited | ₹85,384 (FY 2018) | -12.0% | Surat, Gujarat, India | |||
| Varda Spinning & Weaving Mills Private Limitedthis company | ₹85,314 (FY 2023) | ₹19,814 | 23.2% | -97.0% | 7 | Ludhiana, Punjab, India |
| Mangalsutra Textiles Private Limited | ₹85,000 (FY 2025) | 89.0% | Surat, Gujarat, India | |||
| Nimit Texo-Fab Private Limited | ₹85,000 (FY 2024) | -34.0% | Surat, Gujarat, India | |||
| Lucky Bhai Tent and Textiles Private Limited | ₹84,955 (FY 2025) | Jehanabad, Bihar, India | ||||
| Flikto Fashion and Exports Private Limited | ₹84,746 (FY 2024) | Hyderabad, Telangana, India | ||||
| Ardy 2M Design Studio Private Limited | ₹84,394 (FY 2023) | -39.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varda Spinning & Weaving Mills Private Limited, buy the company report.
Auditor
Varda Spinning & Weaving Mills Private Limited is audited by RAJESH MEHRU & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH MEHRU & CO | FY 2017 | 011715N |
Shareholding
The shareholding of Varda Spinning & Weaving Mills 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 Varda Spinning & Weaving Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2011 | 10312566 | State Bank of Bikaner & Jaipur | ₹30 Lakh | Open | |
| 09 Jun 2010 | 10231360 | State Bank of Bikaner and Jaipur | ₹21.57 Cr | Open |
To see the full charge records of Varda Spinning & Weaving Mills Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Varda Spinning & Weaving Mills Private Limited has 9 court cases on record: 3 filed by Varda Spinning & Weaving Mills, 6 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed by the company against Longowalia Yarns Limited and 2 others | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Jindal Cotex Ltd Th. Managing Director Office at Vpo Jugiana G.T. Road , District: Ludhiana ,Ludhiana , Punjab | Disposed |
| District court, Barnala, Punjab | Appeal | Filed by the company against Nakul Paper Industries | Disposed |
| District court, Barnala, Punjab | Civil suit | Filed against the company by Nakup Papar Industries | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by an individual | Disposed |
To see the full case history of Varda Spinning & Weaving Mills 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 Varda Spinning & Weaving Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varda Spinning & Weaving Mills Private Limited has a workforce of 7 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Varda Spinning & Weaving Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADCV2752J1ZE | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varda Spinning & Weaving Mills Private Limited, buy the company report.
Recent activity
Varda Spinning & Weaving Mills Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Sahil Singhania ceased to be Director on 20 Jan 2017.
1 earlier event is in the company report.
Frequently asked questions
Varda Spinning & Weaving Mills is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 15 March 2010 (16+ years old) and is registered under CIN U18109PB2010PTC033695.
Varda Spinning & Weaving Mills has 2 current directors:
- Ashrafi - Director
- Pankaj Singhania - Director
The latest financial statements of Varda Spinning & Weaving Mills 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 2015 are in the company report.
The GSTIN of Varda Spinning & Weaving Mills is 03AADCV2752J1ZE, registered in Punjab.
The CIN (Corporate Identification Number) of Varda Spinning & Weaving Mills is U18109PB2010PTC033695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varda Spinning & Weaving Mills has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Varda Spinning & Weaving Mills was incorporated on 15 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Varda Spinning & Weaving Mills by revenue are Jacaranda Textiles Private Limited, Creative Edge Mens Wear Private Limited, Rach Exports Private Limited, CLC Textile Park Private Limited, Lotus Polytwist Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Sahil Singhania ceased to be Director on 20 Jan 2017. Ashrafi was appointed as Director on 19 Jan 2017. Ashu Malhotra ceased to be Director on 15 Jan 2014. Varda Spinning & Weaving Mills has 7 board changes on record in total.
The registered office of Varda Spinning & Weaving Mills is at Village Jandiali Chandigarh Road Kohara, Ludhiana, Punjab, India – 141112.
Varda Spinning & Weaving Mills operates in the manufacturing industry, in the textile and fabric production segment.
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