Varsha Refractories Private Limited

Varsha Refractories Private Limited - manufacturing in Kalyan West, Maharashtra, India. FY 2026 financials & compliance.
CIN U51900MH1999PTC122008 Incorporated 30 September 1999 ROC Mumbai HQ Kalyan West, Maharashtra, India
Active Private Limited Company manufacturing MSME · Small
Data last updated
Revenue · FY 2024
₹48.62 Cr
▼ 2% YoY
Net profit · FY 2024
₹4.58 Cr
Net margin 9.4%
EBITDA · FY 2024
₹7.94 Cr
EBITDA margin 16.3%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹1.36 Lakh
Issued & subscribed
Open charges
₹12.62 Cr
Satisfied ₹2.35 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
16
Provident fund records

About Varsha Refractories Private Limited

Data last updated:

Varsha Refractories Private Limited is a private limited company based in Kalyan West, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 30 September 1999 and has been in existence for over 27 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1999PTC122008. Its GSTIN is 27AAACV9947J1ZO (Maharashtra). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹1.36 Lakh. It is led by directors including Nilesh Anantrai Mehta and Bhavesh Anantrai Mehta.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kalyan West, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹48.62 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.58 Cr (net margin 9.4%) and EBITDA of ₹7.94 Cr (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 19% over five years.

The company has about 16 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Varsha Refractories. As per MCA filings, the company has open charges of ₹12.62 Cr and satisfied charges of ₹2.35 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 1 case is pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2021. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 37 overdue payments to 11 micro and small suppliers.

Varsha Refractories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0057999). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varsharefractories.com.

Company details

CIN U51900MH1999PTC122008
Registration Number 122008
Incorporation Date 30 September 1999
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0057999
Key People
Nilesh Anantrai Mehta Director Bhavesh Anantrai Mehta Director Prakash Anantrai Mehta Director

Recognitions & Rankings of Varsha Refractories

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-33-0057999

Contact details

Varsha Refractories Private Limited's registered office is in Kalyan West, Maharashtra. Its website is varsharefractories.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    varsharefractories.com
  • Social Media
  • Registered Address
    203 – 206 Krishna Complex Vallipir Road Next To Shree Devi Hospital Bhanu Sagar, Talkies, Kalyan West, Maharashtra, India – 421301
  • Industry
    Manufacturing, Construction Materials

To see the full contact details of Varsha Refractories Private Limited, buy the company report.

Comprehensive company report
Varsha Refractories Private Limited - one report that includes everything
  • 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
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Brands

Varsha Refractories operates one associated brand: Varsha Refractories. Each brand links to its own profile.

BrandDescriptionWebsite
Varsha Refractories
Manufactures and supplies refractory products for industrial sectors like construction and aluminium.varsharefractories.com

Business activity

The main business activities of Varsha Refractories are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities
GTradeG2Retail Trading

To see the full business activity and turnover split of Varsha Refractories Private Limited, buy the company report.

Financials of Varsha Refractories Private Limited

FY 2024 filings available

Varsha Refractories Private Limited reported revenue of ₹48.62 Cr (down 2% YoY) for FY 2024.

Revenue · FY 2024
₹48.62 Cr ▼ 2%
Net profit · FY 2024
₹4.58 Cr margin 9.4%
EBITDA · FY 2024
₹7.94 Cr margin 16.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 35%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 120%
3 years · compounded
▲ 70%
5 years · compounded
▲ 44%

Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 120% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹7.94 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹4.58 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin16.3%
Net Profit Margin9.4%
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 Refractories Private Limited, buy the company report.

Board of directors of Varsha Refractories Private Limited

Varsha Refractories has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Nilesh Anantrai Mehta
Also directs: Varsha International LLP, Chaneyco Refratech Private Limited, Kashimira Ceramics Private Limited
Director04 Dec 200718 Years 10 MonthsCurrent
Bhavesh Anantrai Mehta
Also directs: Varsha International LLP, Chaneyco Refratech Private Limited, Kashimira Ceramics Private Limited
Director30 Sep 199927 Years 1 MonthsCurrent
Prakash Anantrai Mehta
Also directs: Varsha International LLP, Chaneyco Refratech Private Limited, Kashimira Ceramics Private Limited
Director30 Sep 199927 Years 1 MonthsCurrent
View all directors

Auditor

Varsha Refractories Private Limited is audited by C.M. LAD AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
C.M. LAD AND ASSOCIATESFY 2023035023

Shareholding

The shareholding of Varsha Refractories Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Varsha Refractories Private Limited, buy the company report.

Charges & borrowings

Open charges
₹12.62 Cr
Satisfied charges
₹2.35 Cr
Breakdown by lending institutions
Axis Bank Limited₹12.62 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
10 Oct 2025101196692Axis Bank Limited₹51.47 LakhOpen
28 Apr 2025101090972Axis Bank Limited₹4.25 CrOpen
23 May 2023100741464Axis Bank Limited₹7.86 CrOpen
06 Jan 2022100521492Axis Bank Limited₹1.75 CrSatisfied
29 Jan 2016100056644Others₹45 LakhSatisfied

To see the full charge records of Varsha Refractories Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Varsha Refractories Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2021.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Varsha Refractories Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 37 overdue payments to 11 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 11)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Joglekar Refractories Private Limited
Amar Ceramic Industries

To see the full MSME payment records of Varsha Refractories Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Varsha Refractories Private Limited has a workforce of 16 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
16
Active EPFO establishments
1
Employee growth
6.67%

GST

Varsha Refractories has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
27AAACV9947J1ZOMaharashtraActive01 Jul 2017
24AAACV9947J1ZUGujaratActive01 Jul 2017
24AAACV9947J2ZTGujaratActive02 Jul 2024

To see the full GST registrations and return filing status of Varsha Refractories Private Limited, buy the company report.

Recent activity

Varsha Refractories Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Surya Anantrai Mehta ceased to be Director on 25 Sep 2020.

Charges
A charge with Axis Bank Limited amounted to Rs. 51.47 Lakh with Charge ID 101196692 was registered on 10 Oct 2025.
Charges
A charge registered on 06 Jan 2022 via Charge ID 100521492 with Axis Bank Limited was fully satisfied on 13 May 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 425.00 Lakh with Charge ID 101090972 was registered on 28 Apr 2025.
AGM
Varsha Refractories Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 786.00 Lakh registered on 23 May 2023 with Charge ID 100741464 was modified on 02 Sep 2024.
Filing
Varsha Refractories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited amounted to Rs. 786.00 Lakh with Charge ID 100741464 was registered on 23 May 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 175.00 Lakh with Charge ID 100521492 was registered on 06 Jan 2022.
Ceased
Surya Anantrai Mehta ceased to be Director.
Charges
A charge registered on 29 Jan 2016 via Charge ID 100056644 with Others was fully satisfied on 23 Feb 2018.
Charges
A charge registered on 31 Mar 2000 via Charge ID 90142836 with Dena Bank was fully satisfied on 30 Mar 2017.
Charges
A charge with Others amounted to Rs. 45.00 Lakh with Charge ID 100056644 was registered on 29 Jan 2016.

6 earlier events are in the company report.

Frequently asked questions

Varsha Refractories is an active private limited company based in Kalyan West, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 30 September 1999 (27+ years old) and is registered under CIN U51900MH1999PTC122008.

Varsha Refractories has 3 current directors:

The latest financial statements of Varsha Refractories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Varsha Refractories is 27AAACV9947J1ZO, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAACV9947J1ZU (Gujarat), 24AAACV9947J2ZT (Gujarat).

The CIN (Corporate Identification Number) of Varsha Refractories is U51900MH1999PTC122008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Varsha Refractories has 11 court cases on record: 9 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.

Varsha Refractories was incorporated on 30 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.

Varsha Refractories has 1 deal on record (1 secondary share transfer); the latest was in March 2021.

Surya Anantrai Mehta ceased to be Director on 25 Sep 2020. Nilesh Anantrai Mehta was appointed as Director on 04 Dec 2007. Bhavesh Anantrai Mehta was appointed as Director on 30 Sep 1999. Varsha Refractories has 4 board changes on record in total.

Yes, Varsha Refractories is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0057999).

Varsha Refractories has 11 MSME Form 1 returns on record between 2019 and 2023, listing 37 overdue payments to 11 micro and small suppliers. The latest return was filed on 17 Dec 2023.