About Varsha Corporation Limited
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Varsha Corporation Limited is a public limited company based in Mumbai, Maharashtra, 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 wholesale distribution segment of the trading and commerce sector. It was incorporated on 26 December 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24134MH2000PLC130217. Its GSTIN is 27AABCV2293E1ZD (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr. It is led by directors including Indra Shantilal Jain and Shantilal Javerchand Jain.
Its last annual general meeting (AGM) was held on 30 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Varsha 13 Adarsh Socramchandra Lane Extn Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2021, the company reported a revenue of ₹16.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹68.29 Lakh (net margin -4%) and EBITDA of -₹68.12 Lakh (EBITDA margin -4%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹105.48 Cr on record. Court records list 139 cases involving the company, including 66 filed by the company and 74 filed against it; 30 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in October 2014. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is Maksun Biotech Private Limited with revenue of ₹16.99 Cr.
The last known website on record is varsha-group.com.
Company details
Contact details
Varsha Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is varsha-group.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressVarsha 13 Adarsh Socramchandra Lane Extn Malad West, Mumbai, Maharashtra, India – 400064
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Varsha Corporation 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 Varsha Corporation is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Varsha Corporation Limited, buy the company report.
Financials of Varsha Corporation Limited
FY 2021 filings availableVarsha Corporation Limited reported revenue of ₹16.98 Cr (up 483% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 483% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 28%. EBITDA rose 47% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹16.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹68.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.29 Lakh | ||||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4% | ||||
| Net Profit Margin | -4% | ||||
| 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 Varsha Corporation Limited, buy the company report.
Board of directors of Varsha Corporation Limited
Varsha Corporation has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indra Shantilal Jain Also directs: India Gold Limited | Director | 21 Sep 2005 | 21 Years 1 Months | As last reported |
| Shantilal Javerchand Jain Also directs: Varsha Commodities Limited, Varsha Mines and Granites Ltd, Euclid Pharmaceuticals Limited and 5 more | Director | 21 Sep 2005 | 21 Years 1 Months | As last reported |
| Shirish Shantilal Jain | Director | 21 Sep 2005 | 21 Years 1 Months | As last reported |
| Vinodkumar Pukhraj Ambavat | Irp/Rp/Liquidator | 11 Oct 2023 | 3 Years 0 Months | As last reported |
Peer comparison
Varsha Corporation Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maksun Biotech Private Limited | ₹16.99 Cr (FY 2025) | 19.0% | Panchkula, Haryana, India | |||
| Formonix Petroleum Private Limited | ₹16.99 Cr (FY 2025) | 183.0% | Lucknow, Uttar Pradesh, India | |||
| DHK Agro Feeds and Farms Private Limited | ₹16.99 Cr (FY 2025) | -20.0% | Miraj, Maharashtra, India | |||
| Devrath Trade Link Private Limited | ₹16.98 Cr (FY 2025) | -35.0% | Adalaj, Gujarat, India | |||
| Top Hybrid Seeds Private Limited | ₹16.98 Cr (FY 2024) | 33.0% | Hyderabad, Telangana, India | |||
| Varsha Corporation Limitedthis company | ₹16.98 Cr (FY 2021) | -₹68.29 Lakh | -4% | 483.0% | Mumbai, Maharashtra, India | |
| Lakshmi Tradesoft Private Limited | ₹16.98 Cr (FY 2025) | -12.0% | Jaipur, Rajasthan, India | |||
| Vallabh Agencies Private Limited | ₹16.97 Cr (FY 2025) | 153.0% | Moradabad, Uttar Pradesh, India | |||
| Pelican Business Ventures Private Limited | ₹16.97 Cr (FY 2025) | -48.0% | Ahmedabad, Gujarat, India | |||
| Spectrum Ingredients Private Limited | ₹16.97 Cr (FY 2024) | 34.0% | Mumbai, Maharashtra, India | |||
| Shree Raj Metalloys Pvt Ltd | ₹16.97 Cr (FY 2024) | 44.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Varsha Corporation Limited, buy the company report.
Auditor
Varsha Corporation Limited is audited by Rakesh Kanthawala & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rakesh Kanthawala & Co. | FY 2021 | 130703W |
Shareholding
The shareholding of Varsha Corporation Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Varsha Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2005 | 80053852 | State Bank of India | ₹60.48 Cr | Open | |
| 10 May 2005 | 80001327 | State Bank of India | ₹45 Cr | Open |
To see the full charge records of Varsha Corporation Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Varsha Corporation Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in October 2014.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: United Exports & Indentors Pte. Limited |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sunrise Exim India Private Limited , Shalimar Rexine India Limited , an individual |
| Jan 2010 | Funding round | ₹6.25 Cr | Investors: United Exports & Indentors Pte. Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Sunrise Exim India Private Limited Seller: Polypro Fibrils (India) Limited |
| Dec 2007 | Funding round | ₹6.25 Cr | Investors: Polypro Fibrils (India) Limited, Shalimar Rexine India Limited , 2 individuals |
To see the full deal history of Varsha Corporation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varsha Corporation Limited has 139 court cases on record: 66 filed by Varsha Corporation, 74 filed against it. 30 cases are pending and 109 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 93 | 46 | 23 |
| High courts | 38 | 20 | 6 |
| NCLT | 4 | 4 | 1 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 139)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed by the company against Polypro Fibrils India Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Marvel Petroproducts Pvt Ltd | Pending |
| Bombay High Court | Court case (IPA) | Filed against the company by Paradise Polymers Ltd | Pending |
| Bombay High Court | Court case (CHS) | Filed against the company by Lila Polymers Private Limited | Pending |
| High Court, TELANGANA | Court case (OSA) | Filed by the company against M/ S. Enso Secutrack Limited, | Pending |
To see the full case history of Varsha Corporation 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varsha Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varsha Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV2293E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varsha Corporation Limited, buy the company report.
Recent activity
Varsha Corporation Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Vinodkumar Pukhraj Ambavat was appointed as Irp/Rp/Liquidator on 11 Oct 2023.
Frequently asked questions
Varsha Corporation 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.
Varsha Corporation is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in other wholesale, within the trading industry. It was incorporated on 26 December 2000 and is registered under CIN U24134MH2000PLC130217. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varsha Corporation has 4 current directors:
- Indra Shantilal Jain - Director
- Shantilal Javerchand Jain - Director
- Shirish Shantilal Jain - Director
- Vinodkumar Pukhraj Ambavat - Irp/Rp/Liquidator
The latest financial statements of Varsha Corporation on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 September 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varsha Corporation is U24134MH2000PLC130217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varsha Corporation has open charges of ₹105.48 Cr and no satisfied charges on record as per latest MCA filings.
Varsha Corporation has 139 court cases on record: 66 filed by the company and 74 filed against it. 30 are pending. Most are in the district courts.
Varsha Corporation was incorporated on 26 December 2000. It is registered with the Registrar of Companies, Mumbai.
Varsha Corporation has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹12.5 Cr; the latest was in October 2014.
The peers of Varsha Corporation by revenue are Maksun Biotech Private Limited, Formonix Petroleum Private Limited, DHK Agro Feeds and Farms Private Limited, Devrath Trade Link Private Limited, Top Hybrid Seeds Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Vinodkumar Pukhraj Ambavat was appointed as Irp/Rp/Liquidator on 11 Oct 2023. Lata Shantilal Jain ceased to be Director on 21 Oct 2015. Indra Shantilal Jain was appointed as Director on 21 Sep 2005. Varsha Corporation has 5 board changes on record in total.
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