MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-23-0036805
Varun Agro Processing Foods Limited - food and beverages in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹152.91 Cr
▲ 49% YoY
Net profit · FY 2024
₹16.11 Cr
Net margin 10.5%
EBITDA · FY 2024
₹34.79 Cr
EBITDA margin 22.8%
Authorised capital
₹85 Cr
Registered with MCA
Paid-up capital
₹67.99 Cr
Issued & subscribed
Open charges
₹72.63 Cr
Satisfied ₹94.12 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
7
Provident fund records
About Varun Agro Processing Foods Limited
Data last updated:
Varun Agro Processing Foods Limited is a public limited company based in Nashik, Maharashtra, India. It operates in the tobacco products segment of the food and beverages sector. It was incorporated on 15 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15400MH2010PLC204230. Its GSTIN is 27AADCV3105H1ZK (Maharashtra).
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹67.99 Cr. It is led by directors including Manisha Shashikant Dhatrak (Managing Director) and Yash Shashikant Dhatrak.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gat No.181 Capital Hill Umrale(Bk) Tal Dindori, Nashik, Maharashtra, India – 422301.
As per the financials filed for FY 2024, the company reported a revenue of ₹152.91 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹16.11 Cr (net margin 10.5%) and EBITDA of ₹34.79 Cr (EBITDA margin 22.8%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 18% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹72.63 Cr and satisfied charges of ₹94.12 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.02 Cr; the latest was in December 2018. Its 6 peer companies in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 2 smaller; the largest is Swasth Aahar Private Limited with revenue of ₹159.36 Cr.
Varun Agro Processing Foods Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0036805). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunagro.com.
Company details
CIN U15400MH2010PLC204230
Registration Number 204230
Incorporation Date 15 June 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-23-0036805
CIN history
Varun Agro Processing Foods has one previous CIN (Corporate Identification Number): U15400MH2010PTC204230. The current CIN is U15400MH2010PLC204230, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15400MH2010PLC204230 | Current |
| U15400MH2010PTC204230 | Previous |
Key People
Manisha Shashikant Dhatrak Managing Director Yash Shashikant Dhatrak Director Sayali Shashikant Dhatrak Director Recognitions & Rankings of Varun Agro Processing Foods
Contact details
Varun Agro Processing Foods Limited's registered office is in Nashik, Maharashtra. Its website is varunagro.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGat No.181 Capital Hill Umrale(Bk) Tal Dindori, Nashik, Maharashtra, India – 422301
- IndustryFood And Beverages, Tobacco Products, Beverage, Food
To see the full contact details of Varun Agro Processing Foods Limited, buy the company report.
Comprehensive company report
Varun Agro Processing Foods 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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Business activity
The main business activity of Varun Agro Processing Foods is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Varun Agro Processing Foods Limited, buy the company report.
Financials of Varun Agro Processing Foods Limited
FY 2024 filings availableVarun Agro Processing Foods Limited reported revenue of ₹152.91 Cr (up 49% YoY) for FY 2024.
Revenue · FY 2024
₹152.91 Cr ▲ 49%
Net profit · FY 2024
₹16.11 Cr margin 10.5%
EBITDA · FY 2024
₹34.79 Cr margin 22.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 55%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 190%
3 years · compounded
▲ 75%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 49% growth in the latest year. EBITDA rose 190% 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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| Total Expenses | |||||
| EBITDA | ₹34.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.11 Cr | ||||
| Balance Sheet | |||||
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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 | 22.8% | ||||
| Net Profit Margin | 10.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Varun Agro Processing Foods Limited, buy the company report.
Board of directors of Varun Agro Processing Foods Limited
Varun Agro Processing Foods has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Shashikant Dhatrak Also directs: Varun Agro Processing Foods Limited | Director | 21 Nov 2022 | 3 Years 11 Months | Current |
| Sayali Shashikant Dhatrak | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
| Manisha Shashikant Dhatrak | Managing Director | 15 Jun 2010 | 16 Years 4 Months | Current |
| Nirali Kiritkumar Rajani Also directs: Varun Agro Processing Foods Limited | Director | 11 Apr 2025 | 1 Years 6 Months | Current |
| Mahendra Ramesh Jamdhade Also directs: Varun Agro Processing Foods Limited | Director | 03 Jun 2025 | 1 Years 4 Months | Current |
| Isha Badruka | Director | 26 Sep 2025 | 1 Years 0 Months | Current |
Peer comparison
Varun Agro Processing Foods Limited is compared with the 6 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swasth Aahar Private Limited | ₹159.36 Cr (FY 2025) | 14.0% | Haridwar, Uttarakhand, India | |||
| Isha Snacks Private Limited | ₹158.84 Cr (FY 2025) | 30.0% | Ahmedabad, Gujarat, India | |||
| Switz International Private Limited | ₹156.48 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Salem Food Products Private Limited | ₹153.33 Cr (FY 2025) | -31.0% | Salem, Tamil Nadu, India | |||
| Varun Agro Processing Foods Limitedthis company | ₹152.91 Cr (FY 2024) | ₹16.11 Cr | 10.5% | 49.0% | 7 | Nashik, Maharashtra, India |
| Falcon Agrifriz Foods Private Limited | ₹151.37 Cr (FY 2025) | 2052.0% | Bhubaneswar, Odisha, India | |||
| Sri Surya Namkeen Private Limited | ₹148.89 Cr (FY 2025) | 6.0% | Dada Nagar, Uttar Pradesh, India |
To see the full peer comparison of Varun Agro Processing Foods Limited, buy the company report.
Auditor
Varun Agro Processing Foods Limited is audited by Patil Hiran Jajoo & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Patil Hiran Jajoo & Co. | FY 2023 | 120117W |
Shareholding
The shareholding of Varun Agro Processing Foods 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 Varun Agro Processing Foods Limited, buy the company report.
Charges & borrowings
Open charges
₹72.63 Cr
Satisfied charges
₹94.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2023 | 100836905 | Others | ₹2 Cr | Open | |
| 30 Sep 2023 | 100801757 | Others | ₹66.6 Lakh | Open | |
| 06 Jun 2023 | 100743672 | Others | ₹10.07 Lakh | Open | |
| 21 Dec 2019 | 100323277 | State Bank of India | ₹20 Cr | Open | |
| 31 Oct 2017 | 100133567 | Others | ₹49.86 Cr | Open |
To see the full charge records of Varun Agro Processing Foods Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Varun Agro Processing Foods Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.02 Cr; the latest was in December 2018.
Total deals
5
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹9.02 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹4.07 Cr | Investors: 2 individuals |
| Jan 2016 | Rights issue | ₹10 Cr | Investors: 2 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Mar 2011 | Funding round | ₹4.95 Cr | Investors: 4 individuals |
To see the full deal history of Varun Agro Processing Foods 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
Varun Agro Processing Foods Limited has 3 court cases on record: 1 filed by Varun Agro Processing Foods, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jhajjar, Haryana | Cheque dishonour complaint | Filed against the company by M/S. Safex Chemicals India Ltd. Through Surender Sharma | Pending |
| District court, Nashik, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Leon Food Products Pvt Ltd | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Cholamandalam Investment and Finance Company Limited | Disposed |
To see the full case history of Varun Agro Processing Foods 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 Varun Agro Processing Foods Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varun Agro Processing Foods Limited has a workforce of 7 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
7
Active EPFO establishments
1
Employee growth
-30%
GST
Varun Agro Processing Foods has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV3105H1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varun Agro Processing Foods Limited, buy the company report.
Recent activity
Varun Agro Processing Foods Limited has 12 board changes on record since 2010: 6 appointments and 6 cessations. The latest: Isha Badruka was appointed as Director on 26 Sep 2025.
Appointed
Isha Badruka was appointed as Director.
Ceased
Mahendra Ramesh Jamdhade ceased to be Additional Director.
Appointed
Mahendra Ramesh Jamdhade was appointed as Director.
Appointed
Nirali Kiritkumar Rajani was appointed as Director.
Ceased
Manisha Shashikant Dhatrak ceased to be Director.
AGM
Varun Agro Processing Foods Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records.
Filing
Varun Agro Processing Foods Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Shashikant Ramnath Dhatrak ceased to be Director.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100836905 was registered on 23 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.67 Cr with Charge ID 100801757 was registered on 30 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100743672 was registered on 06 Jun 2023.
Appointed
Yash Shashikant Dhatrak was appointed as Director.
17 earlier events are in the company report.
Frequently asked questions
Varun Agro Processing Foods is an active public limited company based in Nashik, Maharashtra, India. The company works in tobacco products, within the food and beverages industry. It was incorporated on 15 June 2010 (16+ years old) and is registered under CIN U15400MH2010PLC204230.
Varun Agro Processing Foods has 6 current directors:
- Manisha Shashikant Dhatrak - Managing Director
- Yash Shashikant Dhatrak - Director
- Sayali Shashikant Dhatrak - Director
- Nirali Kiritkumar Rajani - Director
- Mahendra Ramesh Jamdhade - Director
- Isha Badruka - Director
The latest financial statements of Varun Agro Processing Foods on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Varun Agro Processing Foods is 27AADCV3105H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varun Agro Processing Foods is U15400MH2010PLC204230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Agro Processing Foods has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending.
Varun Agro Processing Foods was incorporated on 15 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Varun Agro Processing Foods has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.02 Cr; the latest was in December 2018.
The peers of Varun Agro Processing Foods by revenue are Swasth Aahar Private Limited, Isha Snacks Private Limited, Switz International Private Limited, Salem Food Products Private Limited, Falcon Agrifriz Foods Private Limited and 1 more, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Isha Badruka was appointed as Director on 26 Sep 2025. Mahendra Ramesh Jamdhade ceased to be Additional Director on 25 Sep 2025. Mahendra Ramesh Jamdhade was appointed as Director on 03 Jun 2025. Varun Agro Processing Foods has 12 board changes on record in total.
Yes, Varun Agro Processing Foods is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-23-0036805).