About Varroc Polymers Limited
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Varroc Polymers Limited was a public limited company based in Aurangabad, 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 20 June 1995.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U25209MH1995PLC090037. Its GSTIN is 27AABCM2508F1ZU (Maharashtra). The company held 8 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹5.49 Cr and a paid-up capital of ₹52.91 Lakh. It was formerly known as Varroc Polymers Private Limited and Mouldcraft (Hindustan) Private Limited. It was led by directors including Tarang Naresh Jain (Managing Director) and Arjun Tarang Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 12 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Plot No. L – 4 MIDC Waluj, Aurangabad, Maharashtra, India – 431136.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,227.63 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹167.92 Cr (net margin 7.5%) and EBITDA of ₹289.12 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 7% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹603.5 Cr and satisfied charges of ₹499.65 Cr on record. Court records list 84 cases involving the company, including 63 filed by the company and 21 filed against it; 10 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.98 Cr; the latest was in March 2014. The company has 21 MSME Form 1 returns on record between 2019 and 2023, listing 5,204 overdue payments to 287 micro and small suppliers.
The last known website on record is varroc.com.
Company details
Name history
Varroc Polymers has undergone 3 name changes throughout its history. The company was previously known as Varroc Polymers Private Limited, Mouldcraft (Hindustan) Private Limited, and Mouldcraft (Hindustan) Limited. The current legal name is Varroc Polymers Limited.
| Company Name | Status |
|---|---|
| Varroc Polymers Limited | Current |
| Varroc Polymers Private Limited | Previous |
| Mouldcraft (Hindustan) Private Limited | Previous |
| Mouldcraft (Hindustan) Limited | Previous |
CIN history
Varroc Polymers has one previous CIN (Corporate Identification Number): U25209MH1995PTC090037. The current CIN is U25209MH1995PLC090037, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25209MH1995PLC090037 | Current |
| U25209MH1995PTC090037 | Previous |
Contact details
Varroc Polymers Limited's registered office is in Aurangabad, Maharashtra. Its website is varroc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. L – 4 MIDC Waluj, Aurangabad, Maharashtra, India – 431136
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Varroc Polymers 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 Polymers is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Varroc Polymers Limited, buy the company report.
Financials of Varroc Polymers Limited
FY 2024 filings availableVarroc Polymers Limited reported revenue of ₹2,227.63 Cr (up 11% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 11% growth in the latest year. EBITDA rose 308% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹289.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹167.92 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 7.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Polymers Limited, buy the company report.
Board of directors of Varroc Polymers Limited
Varroc Polymers has 6 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Tarang Jain | Whole-Time Director | 14 Nov 2022 | 3 Years 11 Months | As last reported |
| Marc Szulewicz | Director | 13 Nov 2018 | 8 Years 0 Months | As last reported |
| Vinish Kathuria | Director | 13 Nov 2018 | 8 Years 0 Months | As last reported |
| Vidyadhar Madhukar Limaye | Whole-Time Director | 14 Nov 2022 | 3 Years 11 Months | As last reported |
| Tarang Naresh Jain | Managing Director | 28 Jun 1995 | 31 Years 4 Months | As last reported |
| Gautam Premnath Khandelwal | Director | 24 Mar 2011 | 15 Years 7 Months | As last reported |
Auditor
Varroc Polymers Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Varroc Polymers 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 Varroc Polymers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2021 | 100444065 | Standard Chartered Bank | ₹10 Cr | Satisfied | |
| 30 Dec 2020 | 100404158 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 22 Jun 2020 | 100345234 | Others | ₹50 Cr | Satisfied | |
| 01 Feb 2018 | 100158240 | Others | ₹50 Cr | Satisfied | |
| 24 Mar 2017 | 100089616 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Varroc Polymers Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Varroc Polymers Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.98 Cr; the latest was in March 2014.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹50 Cr | Investors: Varroc Engineering Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Varroc Engineering Limited & Tarang Jain Seller: 2 individuals |
| Jun 2010 | Funding round | ₹33.1 Lakh | Investors: Varroc Engineering Limited & Tarang Jain, 3 individuals |
| May 2008 | Funding round | ₹2.65 Cr | Investors: Varroc Engineering Limited & Tarang Jain, Naresh Chandra HUF, 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Varroc Engineering Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varroc Polymers Limited has 84 court cases on record: 63 filed by Varroc Polymers, 21 filed against it. 10 cases are pending and 74 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 64 | 15 | 8 |
| High courts | 15 | 5 | 2 |
| NCLT | 3 | 1 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil suit | Filed against the company by M/S Interstellar Testing Centre Private Limited | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (REVISION ULP) | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (REVISION ULP) | Filed by the company against an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Comp ULP) | Filed against the company by an individual | Pending |
To see the full case history of Varroc Polymers 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 Polymers Limited was last rated by Icra on 06 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 06 May 2022 |
To see the full credit ratings and regulatory alerts of Varroc Polymers Limited, buy the company report.
MSME payment delays
Varroc Polymers Limited has 21 MSME Form 1 returns on record between 2019 and 2023, listing 5,204 overdue payments to 287 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 287)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SL Polycoat Private Limited | |||
| Goalprinet Engineering Formalisation Private Limited | |||
| Autofina Autoplast Private Limited | |||
| Darshan Plastics | |||
| Har-Hal Plastic Engineering Private Limited |
To see the full MSME payment records of Varroc Polymers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Varroc Polymers Limited has a workforce of 1 employees on its EPFO records as of Nov 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 1 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Varroc Polymers Limited, buy the company report.
GST
Varroc Polymers has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM2508F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 06AABCM2508F1ZY | Haryana | Active | 01 Jul 2017 |
| 09AABCM2508F1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
| 23AABCM2508F1Z2 | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varroc Polymers Limited, buy the company report.
Recent activity
Varroc Polymers Limited has 20 board changes on record since 1995: 6 appointments and 14 cessations. The latest: Arjun Tarang Jain was appointed as Whole-Time Director on 14 Nov 2022.
89 earlier events are in the company report.
News
Frequently asked questions
Varroc Polymers 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 Polymers was a public limited company based in Aurangabad, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 20 June 1995 and is registered under CIN U25209MH1995PLC090037. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Varroc Polymers was incorporated on 20 June 1995. It is registered with the Registrar of Companies, Mumbai.
Varroc Polymers had 6 directors:
- Tarang Naresh Jain - Managing Director
- Arjun Tarang Jain - Whole-Time Director
- Vidyadhar Madhukar Limaye - Whole-Time Director
- Marc Szulewicz - Director
- Vinish Kathuria - Director
- Gautam Premnath Khandelwal - Director
The CIN (Corporate Identification Number) of Varroc Polymers is U25209MH1995PLC090037. 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 Polymers is at Plot No. L – 4 MIDC Waluj, Aurangabad, Maharashtra, India – 431136.
Varroc Polymers can be reached through the website varroc.com. Its registered office is in Aurangabad, Maharashtra, India.
The latest financial statements of Varroc Polymers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 12 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Varroc Polymers is 27AABCM2508F1ZU, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 06AABCM2508F1ZY (Haryana), 09AABCM2508F1ZS (Uttar Pradesh), 23AABCM2508F1Z2 (Madhya Pradesh).
Varroc Polymers operated in the automotive industry, in the auto parts and components segment.
Varroc Polymers has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹52.98 Cr; the latest was in March 2014.
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