Varun Apartments Pvt Ltd
About Varun Apartments Pvt Ltd
Data last updated:
Varun Apartments Pvt Ltd was a private limited company based in Kolkata, West Bengal, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 02 January 2006.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB2006PTC107017.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28.13 Lakh. It was led by directors Sunita Drolia and Parmanand Drolia.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 63 Radha Bazar Street 3rd Floor Room No – 5, Kolkata, West Bengal, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹53,425, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.62 Lakh (net margin -489.8%) and EBITDA of -₹2.62 Lakh (EBITDA margin -489.8%).
Company details
Contact details
Varun Apartments Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address63 Radha Bazar Street 3rd Floor Room No – 5, Kolkata, West Bengal, India
- IndustryFinancial Services, Financial Activities
To see the full contact details of Varun Apartments Pvt Ltd, 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 Varun Apartments is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Varun Apartments Pvt Ltd, buy the company report.
Financials of Varun Apartments Pvt Ltd
FY 2018 filings availableVarun Apartments Pvt Ltd reported revenue of ₹53,425 (down 98% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 98% in the latest year. EBITDA fell 115% 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 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 | -₹2.62 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.62 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -489.8% | |||
| Net Profit Margin | -489.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| 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 Varun Apartments Pvt Ltd, buy the company report.
Board of directors of Varun Apartments Pvt Ltd
Varun Apartments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunita Drolia | Director | 17 Oct 2011 | 15 Years 0 Months | As last reported |
| Parmanand Drolia | Director | 26 Oct 2017 | 9 Years 0 Months | As last reported |
Peer comparison
Varun Apartments Pvt Ltd is compared with the 10 companies closest to it by revenue in the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Countrywide Holdings Private Limited | ₹53,632 (FY 2025) | -42.0% | Delhi, India | |||
| Gramaswaraj Nidhi Limited | ₹53,498 (FY 2017) | Malappuram, Kerala, India | ||||
| Mayapuram Needhivetra Nidhi Limited | ₹53,456 (FY 2021) | -13.0% | Ernakulam, Kerala, India | |||
| Pooja Threads Private Limited | ₹53,434 (FY 2021) | -70.0% | Udaipur, Rajasthan, India | |||
| Rsy Nidhi Limited | ₹53,430 (FY 2023) | -4.0% | Firozabad, Uttar Pradesh, India | |||
| Varun Apartments Pvt Ltdthis company | ₹53,425 (FY 2018) | -₹2.62 Lakh | -489.8% | -98.0% | Kolkata, West Bengal, India | |
| Bharti (Satya) Trustees Private Limited | ₹53,405 (FY 2024) | 48.0% | New Delhi, Delhi, India | |||
| Rajvaibhav Urban Nidhi Limited | ₹53,245 (FY 2021) | Sangli, Maharashtra, India | ||||
| Mag Nidhi Limited | ₹53,233 (FY 2023) | -88.0% | Phaltan, Maharashtra, India | |||
| Sreechamun Ventures Private Limited | ₹53,200 (FY 2024) | 132.0% | Chennai, Tamil Nadu, India | |||
| Sri Shankara Chits Private Limited | ₹53,075 (FY 2017) | -27.0% | Hospet, Karnataka, India |
To see the full peer comparison of Varun Apartments Pvt Ltd, buy the company report.
Auditor
Varun Apartments Pvt Ltd is audited by MUNKA & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUNKA & ASSOCIATES | FY 2017 | 326572E |
Shareholding
The shareholding of Varun Apartments Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varun Apartments Pvt Ltd, buy the company report.
Legal cases
No court or tribunal cases involving Varun Apartments Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varun Apartments Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Varun Apartments has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Varun Apartments Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varun Apartments Pvt Ltd has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Pawan Kumar Drolia ceased to be Director on 28 Oct 2017.
Frequently asked questions
Varun Apartments has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Varun Apartments was a private limited company based in Kolkata, West Bengal, India. The company worked in financial activities, within the financial services industry. It was incorporated on 02 January 2006 and is registered under CIN U70101WB2006PTC107017. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Varun Apartments was incorporated on 02 January 2006. It is registered with the Registrar of Companies, Kolkata.
Varun Apartments had 2 directors:
- Sunita Drolia - Director
- Parmanand Drolia - Director
The CIN (Corporate Identification Number) of Varun Apartments is U70101WB2006PTC107017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varun Apartments is at 63 Radha Bazar Street 3rd Floor Room No – 5, Kolkata, West Bengal, India.
The latest financial statements of Varun Apartments on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
Varun Apartments operated in the financial services industry, in the financial activities segment.
The peers of Varun Apartments by revenue are Countrywide Holdings Private Limited, Gramaswaraj Nidhi Limited, Mayapuram Needhivetra Nidhi Limited, Pooja Threads Private Limited, Rsy Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Pawan Kumar Drolia ceased to be Director on 28 Oct 2017. Parmanand Drolia was appointed as Director on 26 Oct 2017. Sunita Devi Drolia ceased to be Director on 17 Oct 2011. Varun Apartments has 4 board changes on record in total.
The compliance status of Varun Apartments is compliant as of 23 August 2026.
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