Varrsana Ispat Ltd - Company Profile

It is a metals and minerals public limited company based in Kolkata, West Bengal, India, established in 2000.
2000 Kolkata, West Bengal, India Under Liquidation
Last Updated:
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About Varrsana Ispat Ltd

Varrsana Ispat Ltd, a under liquidation public limited company, was established on 01 March 2000 in Kolkata, West Bengal, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: U99999WB2000PLC124804. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹30.00 Cr and a paid-up capital of ₹24.85 Cr.

Formerly known as Eureka Rapid Communication Ltd. It upholds a active non-compliant status. Employing 771 professional, Its leadership includes Mahesh Kumar Sureka (Director), Akshay Jhunjhunwala (Whole-Time Director), Manoj Mishra (Director). Past directors included Anishrava Agrawal, Piyush Asija, Vandana Gupta. It holds ₹2,353.21 Cr open charges and no settled loans. Its latest AGM occurred on 05 November 2019, with the balance sheet filed on 31 March 2019. It is based at Everest House , 46-C, Chowringee Road , 15Th Floor,R. N. .15B,, Kolkata, West Bengal, 700071.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U99999WB2000PLC124804

  • Registration Number

    124804

  • Incorporation Date

    01 March 2000

  • Authorized Capital

    ₹30.00 Cr

  • Paid-Up Capital

    ₹24.85 Cr

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 30.00 Cr
  • Paid Up Capital ₹ 24.85 Cr
  • Company Age 26 Year, 2 Days
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 2,353.21 Cr
  • Revenue Growth **** 21.13%
  • Profit Growth **** 67.63%
  • Ebitda **** 143.92%
  • Net Worth -46.86%
  • Total Assets -0.39%
Company report

Varrsana Ispat Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Varrsana Ispat Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Varrsana Ispat Ltd?
Current Directors
Name Designation Appointment Date Status
Mahesh Kumar Sureka Director 26 Jul 2005 Current
Akshay Jhunjhunwala Whole-Time Director 22 Dec 2012 Current
Manoj Mishra Director 26 Jul 2005 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 31 Mar 2015 Past
Pramod Abcsdd Secretary - Past
Pramod Abcsdd Additional Director 29 Sep 2015 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 04 Sep 2007 Past
Pramod Abcsdd Secretary - Past

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Financial Performance of Varrsana Ispat.

Varrsana Ispat Ltd, for the financial year ended 2018, experienced significant growth in revenue, with a 21.13% increase. The company also saw a substantial improvement in profitability, with a 67.63% increase in profit. The company's net worth observed a substantial decline by a decrease of 46.86%.

Varrsana Ispat revenue growth over time
Varrsana Ispat profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 21.13%
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Revenue from Operations
*******
 20.57%
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*******
*******
Total Assets
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 -0.39%
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*******
*******
Profit or Loss
*******
 67.63%
*******
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*******
*******
Net Worth
*******
 -46.86%
*******
*******
*******
*******
EBITDA
*******
 143.92%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Varrsana Ispat?

In 2018, Varrsana Ispat had a promoter holding of 37.88% and a public holding of 62.12%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹23,532,100,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 1902.13 Cr
  • Uco Bank : 226.40 Cr
  • Corporation Bank : 111.00 Cr
  • United Bank Of India : 50.00 Cr
  • Central Bank Of India : 38.68 Cr
  • Others : 25.00 Cr
Latest Charge Details
Date Lender Amount Status
13 Dec 2013 Sberbank ₹25.00 Cr Open
02 May 2013 Corporation Bank ₹61.00 Cr Open
22 Mar 2013 Others ₹15.00 Cr Open
01 Jun 2012 Others ₹605.00 Cr Open
09 Apr 2011 Others ₹144.05 Cr Open

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How Many Employees Work at Varrsana Ispat?

Varrsana Ispat has a workforce of 771 employees as of Aug 22, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varrsana Ispat, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varrsana Ispat's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Varrsana Ispat
Recent Activity within the Organization
  • Charges

    The activity A charge with Others of Rs. 15.00 Cr registered on 22 Mar 2013 with Charge ID 10412551 was modified on 29 Dec 2020. was completed.

  • Charges

    Progress on A charge with Others of Rs. 605.00 Cr registered on 01 Jun 2012 with Charge ID 10359645 was modified on 29 Dec 2020. was documented.

  • Charges

    Progress on A charge with Others of Rs. 144.05 Cr registered on 09 Apr 2011 with Charge ID 10283037 was modified on 29 Dec 2020. was documented.

  • Charges

    Progress on A charge with Others of Rs. 579.30 Cr registered on 21 Nov 2009 with Charge ID 10187404 was modified on 29 Dec 2020. was documented.

  • Charges

    A charge with Others of Rs. 114.00 Cr registered on 18 Feb 2006 with Charge ID 10000654 was modified on 29 Dec 2020. was recorded as a recent event.

  • Charges

    A charge with Others of Rs. 195.03 Cr registered on 28 Mar 2008 with Charge ID 10190030 was modified on 23 Nov 2020. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Varrsana Ispat Ltd?

The CIN of Varrsana Ispat Ltd is U99999WB2000PLC124804.

Where is Varrsana Ispat Ltd headquartered?

Varrsana Ispat Ltd is headquartered at Everest House , 46-C, Chowringee Road , 15Th Floor,R. N. .15B,, Kolkata, West Bengal, 700071.

When was Varrsana Ispat Ltd incorporated?

Varrsana Ispat Ltd was incorporated on 01 March 2000.

Who are the current directors of Varrsana Ispat Ltd?

The current directors of Varrsana Ispat Ltd are

What is the primary industry of Varrsana Ispat Ltd?

The primary industry of Varrsana Ispat Ltd is Manufacturing.

Is Varrsana Ispat Ltd a listed company?

Varrsana Ispat Ltd is unlisted.

What is the capital structure of Varrsana Ispat Ltd?

The authorized capital of Varrsana Ispat Ltd is ₹30.00 Cr, and the paid-up capital is ₹24.85 Cr.

What is the compliance status of Varrsana Ispat Ltd?

The compliance status of Varrsana Ispat Ltd is Active Non-Compliant.

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