About Varrsana Ispat Ltd
Data last updated:
Varrsana Ispat Ltd is a public limited company based in Kolkata, West Bengal, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 01 March 2000.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U99999WB2000PLC124804. Its GSTIN is 08AACCV1058N1Z0 (Rajasthan). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹24.85 Cr. It was formerly known as Eureka Rapid Communication Ltd. It is led by directors including Akshay Jhunjhunwala (Whole-Time Director) and Mahesh Kumar Sureka.
Its last annual general meeting (AGM) was held on 05 November 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Everest House 46 – C Chowringee Road 15th Floor R. N. .15B, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2019, the company reported a revenue of ₹941.95 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹55.03 Cr (net margin -5.8%) and EBITDA of ₹59.68 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years.
The company has about 771 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Varrsana Ispat Limited. As per MCA filings, the company has open charges of ₹2,353.21 Cr on record. Court records list 38 cases involving the company, including 23 filed by the company and 11 filed against it; 10 cases are pending.
The last known website on record is varrsana.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressEverest House 46 – C Chowringee Road 15th Floor R. N. .15B, Kolkata, West Bengal, India – 700071
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Varrsana Ispat Ltd
The main business activity of Varrsana Ispat is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Varrsana Ispat Ltd FY 2019 filings available
Varrsana Ispat Ltd reported revenue of ₹941.95 Cr (up 17% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Varrsana Ispat Ltd
Revenue has grown at a compounded annual rate (CAGR) of 10% over three years, including 17% growth in the latest year. EBITDA fell 97% 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 of Varrsana Ispat Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹59.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹55.03 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 of Varrsana Ispat Ltd
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Varrsana Ispat are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Varrsana Ispat Ltd
Varrsana Ispat Ltd is compared with the companies closest to it by revenue in the same principal business activity (Metal and metal products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ferro Alloys Corporation Limited | •••• | •••• | •••• | •••• | - | Orissa, India |
| Metalxperts (India) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Prime Steel Processors Private Limited | •••• | •••• | •••• | •••• | - | Ludhiana, Punjab, India |
| S M Auto Engineering Pvt Ltd | •••• | •••• | •••• | •••• | 23 | Haveli, Maharashtra, India |
| Choksi Heraeus Private Limited | •••• | •••• | •••• | •••• | 239 | Udaipur, Rajasthan, India |
| Varrsana Ispat Ltd this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Maxim Tubes Company Private Limited | •••• | •••• | •••• | •••• | - | Chhatral, Gujarat, India |
| Team Ferro Alloys Private Limited | •••• | •••• | •••• | •••• | 71 | Dadra, Dadra & Nagar Haveli, India |
| Rajputana Stainless Limited | •••• | •••• | •••• | •••• | 358 | Panchmahal, Gujarat, India |
| Rajratan Global Wire Limited Listed | •••• | •••• | •••• | •••• | 450 | Indore., Madhya Pradesh, India |
| Maini Precision Products Limited | •••• | •••• | •••• | •••• | 1,465 | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Varrsana Ispat by revenue in the same principal business activity (Metal and metal products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Varrsana Ispat Ltd
Varrsana Ispat Ltd is audited by Sanjay Jhanwar & Associates for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sanjay Jhanwar & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Varrsana Ispat Ltd
Varrsana Ispat has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kumar Sureka | Director | 26 Jul 2005 | 21 Years 2 Months | As last reported |
| Akshay Jhunjhunwala Also directs: Bakeraika Industries Private Limited | Whole-Time Director | 22 Dec 2012 | 13 Years 9 Months | As last reported |
| Manoj Mishra Also directs: Anagi Constructions Private Limited | Director | 26 Jul 2005 | 21 Years 2 Months | As last reported |
Ownership and Shareholding of Varrsana Ispat Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varrsana Ispat Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Dec 2013 | Sberbank | ₹25 Cr | Open |
| 02 May 2013 | Corporation Bank | ₹61 Cr | Open |
| 22 Mar 2013 | Others | ₹15 Cr | Open |
| 01 Jun 2012 | Others | ₹605 Cr | Open |
| 09 Apr 2011 | Others | ₹144.05 Cr | Open |
Total charge records: 15 View all charges
Legal Cases of Varrsana Ispat Ltd
Varrsana Ispat Ltd has 38 court cases on record: 23 filed by Varrsana Ispat, 11 filed against it, 4 where it is another party. 10 cases are pending and 28 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 6 | 4 |
| High courts | 15 | 3 | 4 |
| NCLAT | 3 | 1 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Omkara Assets Reconstruction Private Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by Sheetal Structurals Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Telecommunications Consultants India Limited | Disposed |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by Sheetal Structurals Private Limited | Disposed |
| District court, kachchh at Bhuj, Gujarat | Commercial matter | Filed against the company by Sheetal Structurals Private Limited | Disposed |
Full case history
All 38 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Varrsana Ispat Ltd
Varrsana Ispat operates one associated brand: Varrsana Ispat Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Steel production, tower infrastructure, and power operations in India. | varrsana.com |
Employees and EPFO Compliance at Varrsana Ispat Ltd
Varrsana Ispat Ltd has a workforce of 771 employees as of Aug 22, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Varrsana Ispat Ltd
Varrsana Ispat has 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
CIN History of Varrsana Ispat Ltd
Varrsana Ispat has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U99999WB2000PLC124804, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999WB2000PLC124804 | Current |
| U99999DL2000PLC103903 | Previous |
| U24100WB2000PLC124804 | Previous |
Recent Activity on Varrsana Ispat Ltd
Varrsana Ispat Ltd has 12 board changes on record since 2005: 3 appointments and 9 cessations. The latest: Ravinder Singh Kataria ceased to be Company Secretary on 20 Jul 2019.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Varrsana Ispat Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varrsana Ispat Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varrsana Ispat Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varrsana Ispat Ltd
Varrsana Ispat has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AACCV1058N1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 09AACCV1058N1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AACCV1058N1ZF | Bihar | Active | 01 Jul 2017 |
| 23AACCV1058N1Z8 | Madhya Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varrsana Ispat Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varrsana Ispat Ltd
Varrsana Ispat is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Varrsana Ispat is a company under liquidation, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 01 March 2000 and is registered under CIN U99999WB2000PLC124804. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varrsana Ispat reported revenue of ₹941.95 Cr for FY 2019 (up 17% YoY).
Varrsana Ispat has 3 current directors:
- Akshay Jhunjhunwala - Whole-Time Director
- Mahesh Kumar Sureka - Director
- Manoj Mishra - Director
Varrsana Ispat reported a net loss of ₹55.03 Cr (net margin -5.8%) and EBITDA of ₹59.68 Lakh (EBITDA margin 0.1%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varrsana Ispat is 10% over three years. In the latest year (FY 2019) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Varrsana Ispat is U99999WB2000PLC124804. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varrsana Ispat has open charges of ₹2,353.21 Cr and no satisfied charges on record as per latest MCA filings.
Varrsana Ispat has 38 court cases on record: 23 filed by the company and 11 filed against it. 10 are pending. Most are in the district courts.
Varrsana Ispat was incorporated on 01 March 2000. It is registered with the Registrar of Companies, Kolkata.
The peers of Varrsana Ispat by revenue are Ferro Alloys Corporation Limited, Metalxperts (India) Private Limited, Prime Steel Processors Private Limited, S M Auto Engineering Pvt Ltd, Choksi Heraeus Private Limited and 5 more, all in the same principal business activity (Metal and metal products).