Varun Castings Private Limited
About Varun Castings Private Limited
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Varun Castings Private Limited is a private limited company based in Mandi Gobindgarh, Punjab, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 22 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U27100PB2008PTC032299. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.24 Cr. It is led by directors including Satish Kumar and Mangeram.
Its last annual general meeting (AGM) was held on 04 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Varun Castings Private Limited Opp. Bhushan Kanda Amloh Road, Mandi Gobindgarh, Punjab, India – 147301.
As per the financials filed for FY 2017, the company reported a revenue of ₹48.29 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹26.01 Lakh (net margin -0.5%) and EBITDA of ₹80.83 Lakh (EBITDA margin 1.7%).
As per MCA filings, the company has open charges of ₹10.1 Cr and satisfied charges of ₹9.9 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Varun Castings Private Limited's registered office is in Mandi Gobindgarh, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVarun Castings Private Limited Opp. Bhushan Kanda Amloh Road, Mandi Gobindgarh, Punjab, India – 147301
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Varun Castings Private 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 Varun Castings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Varun Castings Private Limited, buy the company report.
Financials of Varun Castings Private Limited
FY 2017 filings availableVarun Castings Private Limited reported revenue of ₹48.29 Cr (down 12% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA fell 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹48.29 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹80.83 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹26.01 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.7% | ||
| Net Profit Margin | -0.5% | ||
| 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 Varun Castings Private Limited, buy the company report.
Board of directors of Varun Castings Private Limited
Varun Castings has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar | Director | 03 Jun 2017 | 9 Years 4 Months | Current |
| Mangeram | Director | 03 Jun 2017 | 9 Years 4 Months | Current |
| Praveen Kumar Mittal | Director | 03 Jun 2017 | 9 Years 4 Months | Current |
Peer comparison
Varun Castings Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radharaman Stainless Steel Private Limited | ₹48.51 Cr (FY 2025) | 8.0% | Bhiwadi, Rajasthan, India | |||
| Indomet Steel Industries Private Limited | ₹48.47 Cr (FY 2024) | -7.0% | Babra, Gujarat, India | |||
| Toolman Special Steels Private Limited | ₹48.42 Cr (FY 2024) | 272.0% | Ludhiana, Punjab, India | |||
| Nandina Build - Tech Private Limited | ₹48.39 Cr (FY 2025) | -9.0% | Rajahmundry, Andhra Pradesh, India | |||
| Varun Castings Private Limitedthis company | ₹48.29 Cr (FY 2017) | -₹26.01 Lakh | -0.5% | -12.0% | Mandi Gobindgarh, Punjab, India | |
| Shehzone Steel Industries Private Limited | ₹48.26 Cr (FY 2025) | 3.0% | Jetpur, Gujarat, India | |||
| A P Steel Re Rolling Mill Limited | ₹48.14 Cr (FY 2021) | -11.0% | Palakkad, Kerala, India | |||
| Shirdi Sai Steels Private Limited | ₹48.09 Cr (FY 2024) | -10.0% | Bellary, Karnataka, India |
To see the full peer comparison of Varun Castings Private Limited, buy the company report.
Auditor
Varun Castings Private Limited is audited by LALIT K GUPTA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LALIT K GUPTA & CO | FY 2017 | 004404N |
Shareholding
The shareholding of Varun Castings Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varun Castings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2016 | 100020922 | Others | ₹10.1 Cr | Open | |
| 21 Feb 2012 | 10341582 | Union Bank of India | ₹5 Cr | Satisfied | |
| 12 Jan 2011 | 10264397 | Union Bank of India | ₹17.03 Lakh | Satisfied | |
| 08 Jan 2010 | 10222688 | Union Bank of India | ₹72.93 Lakh | Satisfied | |
| 08 Jan 2010 | 10222689 | Union Bank of India | ₹4 Cr | Satisfied |
To see the full charge records of Varun Castings Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Varun Castings Private Limited has 3 court cases on record: 1 filed by Varun Castings, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Fatehgarh Sahib, Punjab | Civil suit | Filed by the company against M/S Sidh Ispat | Pending |
| District court, Fatehgarh Sahib, Punjab | Cheque dishonour complaint | Filed against the company by an individual | Disposed |
| District court, Fatehgarh Sahib, Punjab | Civil suit | Filed against the company by Ms J.V International Represented by Power of Attorney - Rajesh Jallu | Disposed |
To see the full case history of Varun Castings Private 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 Castings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varun Castings Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Varun Castings has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varun Castings Private Limited, buy the company report.
Recent activity
Varun Castings Private Limited has 9 board changes on record since 2015: 3 appointments and 6 cessations. The latest: Varun Goyal ceased to be Director on 05 Aug 2017.
13 earlier events are in the company report.
Frequently asked questions
Varun Castings is an active private limited company based in Mandi Gobindgarh, Punjab, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 22 September 2008 (18+ years old) and is registered under CIN U27100PB2008PTC032299.
Varun Castings has 3 current directors:
- Satish Kumar - Director
- Mangeram - Director
- Praveen Kumar Mittal - Director
The latest financial statements of Varun Castings on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 04 August 2017. Year-wise statements from 2015 are in the company report.
No. Varun Castings has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varun Castings is U27100PB2008PTC032299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Castings has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending.
Varun Castings was incorporated on 22 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Varun Castings by revenue are Radharaman Stainless Steel Private Limited, Indomet Steel Industries Private Limited, Toolman Special Steels Private Limited, Nandina Build - Tech Private Limited, Shehzone Steel Industries Private Limited and 2 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Varun Goyal ceased to be Director on 05 Aug 2017. Vinod Kumar Goyal ceased to be Director on 05 Aug 2017. Mangeram ceased to be Additional Director on 04 Aug 2017. Varun Castings has 9 board changes on record in total.
The registered office of Varun Castings is at Varun Castings Opp. Bhushan Kanda Amloh Road, Mandi Gobindgarh, Punjab, India – 147301.
Varun Castings operates in the metals and minerals industry, in the steel manufacturing and processing segment.
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