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
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
- Website
- Social Media
- Registered AddressSurvey No. 279 Village Mann Hinjewadi, Pune, Maharashtra, India – 411057
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Varroc Lighting Systems (India) 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
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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other 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 availableVarroc Lighting Systems (India) Private Limited reported revenue of ₹214.22 Cr (down 14% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 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 | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Tarang Jain | Director | 20 Jul 2017 | 9 Years 3 Months | As last reported |
| Tarang Naresh Jain | Director | 13 Mar 2012 | 14 Years 7 Months | As last reported |
Auditor
Varroc Lighting Systems (India) Private Limited is audited by S R B C & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2020 | 324982E/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 category | FY 2020 | FY 2017 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2015 | 10585778 | Bajaj Finance Limited | ₹15 Cr | Satisfied | |
| 22 Jan 2015 | 10545950 | The Saraswat Co-Operative Bank Ltd. | ₹10 Cr | Satisfied | |
| 07 Nov 2014 | 10529384 | The Saraswat Co-Operative Bank Ltd. | ₹10 Cr | Satisfied | |
| 05 Aug 2014 | 10515914 | The Saraswat Co-Operative Bank Ltd | ₹3 Cr | Satisfied | |
| 05 Aug 2014 | 10515917 | The Saraswat Co- Operative Bank Ltd | ₹10 Cr | Satisfied |
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.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Funding round | ₹42 Cr | Investors: Varrroc Engineering Private Limited |
| Dec 2012 | Funding round | ₹2.5 Cr | Investors: Varrroc Engineering Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varroc Lighting Systems (India) Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP.) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Varroc Lighting Systems (India) 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.
Credit ratings & regulatory alerts
Varroc Lighting Systems (India) Private Limited was last rated by Icra on 17 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 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.
GST
Varroc Lighting Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV9832F1Z2 | Maharashtra | Active | 01 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.
9 earlier events are in the company report.
News
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:
- Arjun Tarang Jain - Director
- Tarang Naresh Jain - Director
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.