Varnika Realty Private Limited
About Varnika Realty Private Limited
Data last updated:
Varnika Realty Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the building construction segment of the construction sector. It was incorporated on 04 March 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2015PTC262453.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rajesh Ramesh Turakhia and Ritesh Praful Sheth.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 3rd Floor Bengal Chemical Building 502 Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.88 Lakh, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Lakh (net margin -39.4%) and EBITDA of ₹1.94 Lakh (EBITDA margin 67.2%).
As per MCA filings, the company had satisfied charges of ₹50 Cr on record.
Company details
Contact details
Varnika Realty Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address3rd Floor Bengal Chemical Building 502 Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryConstruction, Buildings
- 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 Varnika Realty 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 |
Financials of Varnika Realty Private Limited
FY 2018 filings availableVarnika Realty Private Limited reported revenue of ₹2.88 Lakh (up 52% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 52% in the latest year. EBITDA rose 22% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1.94 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.14 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | 67.2% | |||
| Net Profit Margin | -39.4% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Varnika Realty Private Limited, buy the company report.
Board of directors of Varnika Realty Private Limited
Varnika Realty has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Ramesh Turakhia | Director | 04 Mar 2015 | 11 Years 7 Months | As last reported |
| Ritesh Praful Sheth | Director | 04 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Varnika Realty Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunrisevision Infrastructure Limited | ₹2.89 Lakh (FY 2021) | -75.0% | Allahabad, Uttar Pradesh, India | |||
| Sapthagiri Shelters Private Limited | ₹2.89 Lakh (FY 2021) | 14.0% | Coimbatore, Tamil Nadu, India | |||
| Metropark Infratech and Realty Developments Private Limited | ₹2.89 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Menon Land Developers Pvt.Ltd. | ₹2.89 Lakh (FY 2016) | 32.0% | Mumbai, Maharashtra, India | |||
| Casatonia Resorts and Hotels India Private Limited | ₹2.88 Lakh (FY 2021) | -84.0% | Faridabad, Haryana, India | |||
| Varnika Realty Private Limitedthis company | ₹2.88 Lakh (FY 2018) | -₹1.14 Lakh | -39.4% | 52.0% | Mumbai, Maharashtra, India | |
| Cross Country Infrastructures Private Limited | ₹2.88 Lakh (FY 2018) | -5.0% | New Rothak Road, Delhi, India | |||
| Kalathingal Developers Private Limited | ₹2.88 Lakh (FY 2025) | 20.0% | Thrissur, Kerala, India | |||
| Singaram Housing Private Limited | ₹2.88 Lakh (FY 2024) | 9.0% | Chennai, Tamil Nadu, India | |||
| Rudrarohi Infrabeam Private Limited | ₹2.87 Lakh (FY 2021) | 448.0% | Lucknow, Uttar Pradesh, India | |||
| Simansh Infratech Private Limited | ₹2.87 Lakh (FY 2024) | Begusarai, Bihar, India |
To see the full peer comparison of Varnika Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Mar 2015 | 10582120 | Idbi Trusteeship Services Limited | ₹50 Cr | Satisfied |
To see the full charge records of Varnika Realty Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varnika Realty Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varnika Realty Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varnika Realty Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varnika Realty Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Rajesh Ramesh Turakhia was appointed as Director on 04 Mar 2015.
Frequently asked questions
Varnika Realty has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Varnika Realty was a private limited company based in Mumbai, Maharashtra, India. The company worked in buildings, within the construction industry. It was incorporated on 04 March 2015 and is registered under CIN U45202MH2015PTC262453. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Varnika Realty was incorporated on 04 March 2015. It is registered with the Registrar of Companies, Mumbai.
Varnika Realty had 2 directors:
- Rajesh Ramesh Turakhia - Director
- Ritesh Praful Sheth - Director
The CIN (Corporate Identification Number) of Varnika Realty is U45202MH2015PTC262453. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varnika Realty is at 3rd Floor Bengal Chemical Building 502 Veer Savarkar Marg Prabhadevi, Mumbai, Maharashtra, India – 400025.
The latest financial statements of Varnika Realty on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
Varnika Realty operated in the construction industry, in the buildings segment.
The peers of Varnika Realty by revenue are Sunrisevision Infrastructure Limited, Sapthagiri Shelters Private Limited, Metropark Infratech and Realty Developments Private Limited, Menon Land Developers Pvt.Ltd, Casatonia Resorts and Hotels India Private Limited and 5 more, all in the same principal business activity (buildings).
Rajesh Ramesh Turakhia was appointed as Director on 04 Mar 2015. Ritesh Praful Sheth was appointed as Director on 04 Mar 2015.
Varnika Realty has no open charges and satisfied charges of ₹50 Cr as per latest MCA filings.