Variant Commercial Private Limited

Variant Commercial Private Limited - metals and minerals in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN U52110WB2006PTC110600 Incorporated 12 July 2006 ROC Kolkata HQ Kolkata, West Bengal, India
Active Private Limited Company metals and minerals MSME · Medium
Data last updated
Revenue · FY 2025
₹58.53 Cr
▼ 20% YoY
Net profit · FY 2025
₹1.76 Cr
Net margin 3%
EBITDA · FY 2025
₹3.08 Cr
EBITDA margin 5.3%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹97.31 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
26
Provident fund records

About Variant Commercial Private Limited

Data last updated:

Variant Commercial Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 12 July 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U52110WB2006PTC110600. Its GSTIN is 19AACCV4106D2ZM (West Bengal). The company holds 4 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Sipi Agrawal and Arun Kumar Agarwal.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Kolkata, West Bengal.

As per the financials filed for FY 2025, the company reported a revenue of ₹58.53 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹1.76 Cr (net margin 3%) and EBITDA of ₹3.08 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 25% over five years.

The company has about 26 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹97.31 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 4 cases are pending.

Variant Commercial Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0000380). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U52110WB2006PTC110600
Registration Number 110600
Incorporation Date 12 July 2006
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-WB-10-0000380
Key People
Sipi Agrawal Director Arun Kumar Agarwal Director Sangeeta Agarwal Director

Recognitions & Rankings of Variant Commercial

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-WB-10-0000380

Contact details

Variant Commercial Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Jj Tower Automall Building Room No. 16, 8th Floor Nkda Action Area II, Kolkata, West Bengal, India – 700156
  • Industry
    Metals and Minerals, Mining & Mineral Extraction

To see the full contact details of Variant Commercial Private Limited, buy the company report.

Comprehensive company report
Variant Commercial 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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Business activity

The main business activity of Variant Commercial is mining and quarrying. In detail, this covers mining support services activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
BMining and quarryingB5Mining Support Services activities

To see the full business activity and turnover split of Variant Commercial Private Limited, buy the company report.

Financials of Variant Commercial Private Limited

FY 2025 filings available

Variant Commercial Private Limited reported revenue of ₹58.53 Cr (down 20% YoY) for FY 2025.

Revenue · FY 2025
₹58.53 Cr ▼ 20%
Net profit · FY 2025
₹1.76 Cr margin 3%
EBITDA · FY 2025
₹3.08 Cr margin 5.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 29%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▼ 14%
5 years · compounded
▼ 11%

Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 33% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹3.08 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.76 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.3%
Net Profit Margin3%
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 Variant Commercial Private Limited, buy the company report.

Board of directors of Variant Commercial Private Limited

Variant Commercial has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sipi AgrawalDirector01 Apr 201115 Years 6 MonthsCurrent
Arun Kumar Agarwal
Also directs: Ajanta Coal Traders Private Limited, Atj Logistics Private Limited
Director10 Feb 20251 Years 8 MonthsCurrent
Sangeeta Agarwal
Also directs: Atj Logistics Private Limited
Director01 Apr 201115 Years 6 MonthsCurrent
Sourav AgrawalDirector14 Jul 200620 Years 3 MonthsCurrent
View all directors

Auditor

Variant Commercial Private Limited is audited by T.A. JALAN & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
T.A. JALAN & ASSOCIATESFY 2023020264C

Shareholding

The shareholding of Variant Commercial Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Variant Commercial Private Limited, buy the company report.

Charges & borrowings

Open charges
₹97.31 Cr
Satisfied charges
None
Breakdown by lending institutions
Hdfc Bank Limited₹49.81 Cr
Others₹29.09 Cr
State Bank of India₹16.61 Cr
Tata Capital Financial Services Limited₹1.81 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Jun 2025101112952State Bank of India₹14.36 CrOpen
21 Apr 2025101131548Hdfc Bank Limited₹81.5 LakhOpen
25 Mar 2025101095595Hdfc Bank Limited₹60 LakhOpen
28 Aug 2024100972133Hdfc Bank Limited₹26.7 CrOpen
09 Jul 2024100958624Hdfc Bank Limited₹13.69 CrOpen

To see the full charge records of Variant Commercial Private Limited, buy the company report.

Total charge records: 26 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Variant Commercial Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Variant Commercial has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

Employees & EPFO

Variant Commercial Private Limited has a workforce of 26 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.

Employee count
26
Active EPFO establishments
1
Employee growth
73.33%

GST

Variant Commercial has 4 GST registrations: 3 active and 1 cancelled or inactive.

Total GSTINs
4
Active
3
Cancelled / inactive
1
GSTINStateStatusRegistered on
19AACCV4106D2ZMWest BengalActive06 Sep 2023
20AACCV4106D1Z4JharkhandActive01 Jul 2017
21AACCV4106D1Z2OdishaActive13 Dec 2024

To see the full GST registrations and return filing status of Variant Commercial Private Limited, buy the company report.

Recent activity

Variant Commercial Private Limited has 5 board changes on record since 2006: 4 appointments and 1 cessation. The latest: Arun Kumar Agarwal was appointed as Director on 10 Feb 2025.

AGM
Variant Commercial Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 2,670.00 Lakh registered on 28 Aug 2024 with Charge ID 100972133 was modified on 10 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 800.00 Lakh registered on 03 Jul 2024 with Charge ID 100994895 was modified on 10 Sep 2025.
Charges
A charge with State Bank Of India of Rs. 1,436.00 Lakh registered on 21 Jun 2025 with Charge ID 101112952 was modified on 30 Aug 2025.
Charges
A charge with State Bank Of India amounted to Rs. 1,436.00 Lakh with Charge ID 101112952 was registered on 21 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 81.50 Lakh with Charge ID 101131548 was registered on 21 Apr 2025.
Filing
Variant Commercial Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Lakh with Charge ID 101095595 was registered on 25 Mar 2025.
Appointed
Arun Kumar Agarwal was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 1,369.00 Lakh registered on 09 Jul 2024 with Charge ID 100958624 was modified on 26 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,670.00 Lakh with Charge ID 100972133 was registered on 28 Aug 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,369.00 Lakh with Charge ID 100958624 was registered on 09 Jul 2024.

26 earlier events are in the company report.

Frequently asked questions

Variant Commercial is an active private limited company based in Kolkata, West Bengal, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 12 July 2006 (20+ years old) and is registered under CIN U52110WB2006PTC110600.

Variant Commercial has 4 current directors:

The latest financial statements of Variant Commercial on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Variant Commercial is 19AACCV4106D2ZM, registered in West Bengal. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 20AACCV4106D1Z4 (Jharkhand), 21AACCV4106D1Z2 (Odisha).

The CIN (Corporate Identification Number) of Variant Commercial is U52110WB2006PTC110600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Variant Commercial has 10 court cases on record: 4 filed by the company and 6 filed against it. 4 are pending. Most are in the high courts.

Variant Commercial was incorporated on 12 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Kolkata.

Arun Kumar Agarwal was appointed as Director on 10 Feb 2025. Arun Kumar Agarwal ceased to be Director on 14 Jan 2016. Sangeeta Agarwal was appointed as Director on 01 Apr 2011. Variant Commercial has 5 board changes on record in total.

Yes, Variant Commercial is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-10-0000380).

The registered office of Variant Commercial is at Jj Tower Automall Building Room No. 16, 8th Floor Nkda Action Area II, Kolkata, West Bengal, India – 700156.