Varenya Constructions Limited
About Varenya Constructions Limited
Data last updated:
Varenya Constructions Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Arihant Foundations & Housing Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45209TN2006PLC061200. Its GSTIN is 33AACCV3400A2Z7 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Harish Marlecha and Vimal Lunawath.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at New No.3(Old .25) Ganapathy Colony 3rd Street Off. Cenotaph Road Teynampet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.97 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹1.27 Cr (net margin -16%) and EBITDA of ₹3 Cr (EBITDA margin 37.7%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 15% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹6.7 Cr and satisfied charges of ₹76.47 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varenya Constructions Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No.3(Old .25) Ganapathy Colony 3rd Street Off. Cenotaph Road Teynampet, Chennai, Tamil Nadu, India – 600018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Varenya Constructions 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 Varenya Constructions 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 Varenya Constructions Limited, buy the company report.
Financials of Varenya Constructions Limited
FY 2023 filings availableVarenya Constructions Limited reported revenue of ₹7.97 Cr (down 44% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 44% fall in the latest year. EBITDA fell 55% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹7.97 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.27 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.7% | ||||
| Net Profit Margin | -16% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Varenya Constructions Limited, buy the company report.
Board of directors of Varenya Constructions Limited
Varenya Constructions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Marlecha | Director | 16 Mar 2023 | 3 Years 7 Months | Current |
| Narasappan Kannaiyan | Additional Director | 06 Mar 2019 | 7 Years 8 Months | Current |
| Vimal Lunawath Also directs: Veridion Realty LLP, Ivorylane Realty LLP, Arihant Foundations & Housing Limited and 5 more | Director | 26 Sep 2006 | 20 Years 1 Months | Current |
| Kamal Lunawath | Director | 26 Sep 2006 | 20 Years 1 Months | Current |
Auditor
Varenya Constructions Limited is audited by S. Ramachandra Rao & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Ramachandra Rao & Associates | FY 2023 | 007735S |
Shareholding
The shareholding of Varenya Constructions Limited 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 Varenya Constructions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Feb 2025 | 101056642 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 11 Sep 2023 | 100787238 | Others | ₹6.1 Cr | Open | |
| 01 Jul 2015 | 10584091 | Gda Trusteeship Limited | ₹30 Cr | Satisfied | |
| 11 Jun 2012 | 10362707 | Kotak Mahindra Prime Limited | ₹20 Cr | Satisfied | |
| 26 Nov 2009 | 10187725 | Positive Buildcon Private Limited | ₹11.47 Cr | Satisfied |
To see the full charge records of Varenya Constructions Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Varenya Constructions Limited has 4 court cases on record: 4 filed by Varenya Constructions. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Arbitration matter | Filed by the company against M/S. Sumanth and Co. | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed by the company against M/S. Sumanth and Co | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Assistant Commissioner | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Assistant Commissioner | Disposed |
To see the full case history of Varenya Constructions 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 Varenya Constructions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Varenya Constructions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Escapade Real Estate Private Limited | U70101TN2007PTC062236 |
To see the full group structure of Varenya Constructions Limited, buy the company report.
Employees & EPFO
Varenya Constructions Limited has a workforce of 1 employees on its EPFO records as of Aug 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 1 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Varenya Constructions Limited, buy the company report.
GST
Varenya Constructions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCV3400A2Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varenya Constructions Limited, buy the company report.
Recent activity
Varenya Constructions Limited has 7 board changes on record since 2006: 4 appointments and 3 cessations. The latest: Harish Marlecha ceased to be Additional Director on 28 Sep 2023.
9 earlier events are in the company report.
Frequently asked questions
Varenya Constructions is an active public limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 September 2006 (20+ years old) and is registered under CIN U45209TN2006PLC061200.
Varenya Constructions has 4 current directors:
- Harish Marlecha - Director
- Narasappan Kannaiyan - Additional Director
- Vimal Lunawath - Director
- Kamal Lunawath - Director
The latest financial statements of Varenya Constructions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Varenya Constructions is 33AACCV3400A2Z7, registered in Tamil Nadu. 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 Varenya Constructions is U45209TN2006PLC061200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varenya Constructions has 4 court cases on record: 4 filed by the company.
Varenya Constructions was incorporated on 26 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Harish Marlecha ceased to be Additional Director on 28 Sep 2023. Harish Marlecha was appointed as Director on 16 Mar 2023. Abhishek Chandak ceased to be Director on 06 Mar 2019. Varenya Constructions has 7 board changes on record in total.
The registered office of Varenya Constructions is at New No.3Old .25 Ganapathy Colony 3rd Street Off. Cenotaph Road Teynampet, Chennai, Tamil Nadu, India – 600018.
Varenya Constructions operates in the real estate and construction industry, in the real estate builders and developers segment.
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