Varroc Lighting Systems (India) Private Limited

Varroc Lighting Systems (India) Private Limited - automotive in Pune, Maharashtra, India. Directors, charges & compliance details.
CIN U31401PN2012PTC142539 Incorporated 13 March 2012 ROC Pune HQ Pune, Maharashtra, India
Merged Private Limited Company automotive
Data last updated
Revenue · FY 2020
₹214.22 Cr
▼ 14% YoY
Net profit · FY 2020
₹4.84 Cr
Net margin 2.3%
EBITDA · FY 2020
₹21.28 Cr
EBITDA margin 9.9%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹44 Lakh
Issued & subscribed
Satisfied charges
₹63.24 Cr
No open charges
Company age
14 yrs
Est. 2012
Employees · EPFO
292
Provident fund records

About Varroc Lighting Systems (India) Private Limited

Data last updated:

Varroc Lighting Systems (India) Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Varroc Engineering Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 13 March 2012.

The company was registered with the Registrar of Companies (ROC), Pune, under CIN U31401PN2012PTC142539. Its GSTIN is 27AADCV9832F1Z2 (Maharashtra).

The company had an authorised share capital of ₹45 Lakh and a paid-up capital of ₹44 Lakh. It was led by directors Arjun Tarang Jain and Tarang Naresh Jain.

Its last annual general meeting (AGM) was held on 13 August 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Survey No. 279 Village Mann Hinjewadi, Pune, Maharashtra, India – 411057.

As per the financials filed for FY 2020, the company reported a revenue of ₹214.22 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹4.84 Cr (net margin 2.3%) and EBITDA of ₹21.28 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 11% over five years.

The company had about 292 employees on its provident fund (EPFO) records before it was dissolved.

As per MCA filings, the company had satisfied charges of ₹63.24 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹44.5 Cr; the latest was in March 2015.

The last known website on record is varrocgroup.com.

Company details

CIN U31401PN2012PTC142539
Registration Number 142539
Incorporation Date 13 March 2012
ROC Pune
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 13 August 2020
Date of Balance Sheet 31 March 2020
Parent Company Varroc Engineering Limited
Compliance Status Active Compliant

Contact details

Varroc Lighting Systems (India) Private Limited's registered office is in Pune, Maharashtra. Its website is varrocgroup.com. Its e-mail address is in the company report.

  • Email
  • Social Media
  • Registered Address
    Survey No. 279 Village Mann Hinjewadi, Pune, Maharashtra, India – 411057
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Varroc Lighting Systems (India) Private Limited, buy the company report.

Comprehensive company report
Varroc Lighting Systems (India) 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 Varroc Lighting Systems (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Varroc Lighting Systems (India) Private Limited, buy the company report.

Financials of Varroc Lighting Systems (India) Private Limited

FY 2020 filings available

Varroc Lighting Systems (India) Private Limited reported revenue of ₹214.22 Cr (down 14% YoY) for FY 2020.

Revenue · FY 2020
₹214.22 Cr ▼ 14%
Net profit · FY 2020
₹4.84 Cr margin 2.3%
EBITDA · FY 2020
₹21.28 Cr margin 9.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 4%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 12%
5 years · compounded
▲ 32%

Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 30% 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 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹214.22 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹21.28 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.84 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 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin9.9%
Net Profit Margin2.3%
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 Varroc Lighting Systems (India) Private Limited, buy the company report.

Board of directors of Varroc Lighting Systems (India) Private Limited

Varroc Lighting Systems (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Arjun Tarang JainDirector20 Jul 20179 Years 3 MonthsAs last reported
Tarang Naresh JainDirector13 Mar 201214 Years 7 MonthsAs last reported

Auditor

Varroc Lighting Systems (India) Private Limited is audited by S R B C & CO LLP for the financial year 2020.

Auditor firmFinancial yearFirm registration number
S R B C & CO LLPFY 2020324982E/E300003

Shareholding

The shareholding of Varroc Lighting Systems (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Varroc Lighting Systems (India) Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹63.24 Cr
Breakdown by lending institutions
The Saraswat Co-Operative Bank Ltd.₹20.00 Cr
The Saraswat Co-Operative Bank Ltd₹18.24 Cr
Bajaj Finance Limited₹15.00 Cr
The Saraswat Co- Operative Bank Ltd₹10.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Aug 201510585778Bajaj Finance Limited₹15 CrSatisfied
22 Jan 201510545950The Saraswat Co-Operative Bank Ltd.₹10 CrSatisfied
07 Nov 201410529384The Saraswat Co-Operative Bank Ltd.₹10 CrSatisfied
05 Aug 201410515914The Saraswat Co-Operative Bank Ltd₹3 CrSatisfied
05 Aug 201410515917The Saraswat Co- Operative Bank Ltd₹10 CrSatisfied

To see the full charge records of Varroc Lighting Systems (India) Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Varroc Lighting Systems (India) Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹44.5 Cr; the latest was in March 2015.

Total deals
2
Funding rounds
2
Disclosed funding
₹44.5 Cr

Deals on record (2 of 2)

WhenDealAmountParties
Mar 2015Funding round₹42 CrInvestors: Varrroc Engineering Private Limited
Dec 2012Funding round₹2.5 CrInvestors: Varrroc Engineering Private Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Varroc Lighting Systems (India) Private Limited was last rated by Icra on 17 Jun 2021.

Rating agencyRated onRating
Icra17 Jun 2021

To see the full credit ratings and regulatory alerts of Varroc Lighting Systems (India) Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Varroc Lighting Systems (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Varroc Lighting Systems (India) Private Limited has a workforce of 292 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
292
Active EPFO establishments
1
Employee growth
-17.28%

GST

Varroc Lighting Systems (India) has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AADCV9832F1Z2MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Varroc Lighting Systems (India) Private Limited, buy the company report.

Recent activity

Varroc Lighting Systems (India) Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Arjun Tarang Jain ceased to be Additional Director on 08 Sep 2017.

Charges
A charge registered on 13 Aug 2015 via Charge ID 10585778 with Bajaj Finance Limited was fully satisfied on 24 Sep 2020.
Charges
A charge registered on 05 Aug 2014 via Charge ID 10515914 with The Saraswat Co-Operative Bank Ltd was fully satisfied on 19 Sep 2020.
Charges
A charge registered on 05 Aug 2014 via Charge ID 10515917 with The Saraswat Co- Operative Bank Ltd was fully satisfied on 19 Sep 2020.
AGM
Varroc Lighting Systems (India) Private Limited last Annual general meeting of members was held on 13 Aug 2020 as per latest MCA records.
Filing
Varroc Lighting Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Pune.
Charges
A charge registered on 22 Jan 2015 via Charge ID 10545950 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 18 Mar 2020.
Charges
A charge registered on 07 Nov 2014 via Charge ID 10529384 with The Saraswat Co-Operative Bank Ltd. was fully satisfied on 18 Mar 2020.
Charges
A charge registered on 05 Feb 2013 via Charge ID 10407596 with The Saraswat Co-Operative Bank Ltd was fully satisfied on 05 Dec 2018.
Ceased
Arjun Tarang Jain ceased to be Additional Director.
Appointed
Arjun Tarang Jain was appointed as Director.
Ceased
Ravi Mohan Damodaran ceased to be Director.
Charges
A charge with Bajaj Finance Limited amounted to Rs. 1,500.00 Lakh with Charge ID 10585778 was registered on 13 Aug 2015.

9 earlier events are in the company report.

Frequently asked questions

Varroc Lighting Systems (India) 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.

Varroc Lighting Systems (India) was a private limited company based in Pune, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 13 March 2012 and is registered under CIN U31401PN2012PTC142539. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Varroc Lighting Systems (India) was incorporated on 13 March 2012. It is registered with the Registrar of Companies, Pune.

Varroc Lighting Systems (India) had 2 directors:

The CIN (Corporate Identification Number) of Varroc Lighting Systems (India) is U31401PN2012PTC142539. 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 Varroc Lighting Systems (India) is at Survey No. 279 Village Mann Hinjewadi, Pune, Maharashtra, India – 411057.

Varroc Lighting Systems (India) can be reached through the website varrocgroup.com. Its registered office is in Pune, Maharashtra, India.

The latest financial statements of Varroc Lighting Systems (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 13 August 2020. Year-wise statements from 2015 are in the company report.

The GSTIN of Varroc Lighting Systems (India) is 27AADCV9832F1Z2, registered in Maharashtra.

Varroc Lighting Systems (India) operated in the automotive industry, in the auto parts and components segment.