Varun Corporation Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 1952.
1952 Mumbai, Maharashtra, India Under Liquidation
Last Updated:
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About Varun Corporation Limited

Varun Corporation Limited, a under liquidation public limited company, was established on 04 February 1952 in Mumbai, Maharashtra, India. Engaging in investment banking & advisory within the financial and insurance service sector, it holds CIN: U51100MH1952PLC008745. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹35.00 Cr and a paid-up capital of ₹32.46 Cr.

Formerly known as Khatau International Limited, Tex-Ray Traders Limited. Its leadership includes Glen Damaciano Simoens (Additional Director), Neerja Yudhishthir Khatau (Director Appointed In Casual Vacancy), Yudhisthir Dilip Khatau (Director Appointed In Casual Vacancy). Past directors included Sam Noshir Mistry, Rupal Sumegh Modi, Sumegh Prafull Modi. It holds ₹2,757.29 Cr open charges and no settled loans. Its latest AGM occurred on 29 September 2017, with the balance sheet filed on 31 March 2017. It is based at 6 Shoorji Vallabhadas Margballard Estate, Mumbai, Maharashtra, 400038.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U51100MH1952PLC008745

  • Registration Number

    008745

  • Incorporation Date

    04 February 1952

  • Authorized Capital

    ₹35.00 Cr

  • Paid-Up Capital

    ₹32.46 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 35.00 Cr
  • Paid Up Capital ₹ 32.46 Cr
  • Company Age 74 Year, 11 Days
  • Last Filing with ROC 31 Mar 2017
  • Open Charges ₹ 2,757.29 Cr
  • Revenue Growth **** -36.69%
  • Profit Growth **** -6718.74%
  • Ebitda **** 25.48%
  • Net Worth -1.76%
  • Total Assets **** 108.58%
Company report

Varun Corporation Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Varun Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Varun Corporation Limited?
Current Directors
Name Designation Appointment Date Status
Glen Damaciano Simoens Additional Director 10 Jun 2014 Current
Neerja Yudhishthir Khatau Director Appointed In Casual Vacancy 02 Jan 2009 Current
Yudhisthir Dilip Khatau Director Appointed In Casual Vacancy 06 Feb 2008 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 06 Feb 2008 Past
Pramod Abcsdd Director 01 Nov 2011 Past
Pramod Abcsdd Director 11 Dec 2013 Past
Pramod Abcsdd Director 30 Jan 2008 Past
Pramod Abcsdd Additional Director 10 Jun 2014 Past
Pramod Abcsdd Director 01 Nov 2011 Past

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Financial Performance of Varun Corporation.

Varun Corporation Limited, for the financial year ended 2017, experienced significant reduction in revenue, with a 36.69% decrease. The company also saw a substantial fall in profitability, with a 6718.74% decrease in profit. The company's net worth dipped by a decrease of 1.76%.

Varun Corporation revenue growth over time
Varun Corporation profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -36.69%
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Revenue from Operations
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 -19.57%
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Total Assets
*******
 108.58%
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Profit or Loss
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 -6718.74%
*******
*******
*******
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Net Worth
*******
 -1.76%
*******
*******
*******
*******
EBITDA
*******
 25.48%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Varun Corporation?

In 2017, Varun Corporation had a promoter holding of 99.97% and a public holding of 0.03%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹27,572,930,600.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Sbicap Trustee Company Limited : 2236.60 Cr
  • Others : 508.69 Cr
  • Chelamadalam Investment Finance Co Ltd : 10.00 Cr
  • Infra. Leasing And Financial Services Ltd : 2.00 Cr
Latest Charge Details
Date Lender Amount Status
28 Jun 2017 Others ₹116.81 Cr Open
26 Oct 2016 Others ₹391.88 Cr Open
02 Aug 2016 Sbicap Trustee Company Limited ₹2,236.60 Cr Open
21 Oct 2005 Chelamadalam Investment Finance Co Ltd ₹10.00 Cr Open
08 Oct 2004 Infra. Leasing And Financial Services Ltd ₹2.00 Cr Open

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How Many Employees Work at Varun Corporation?

Unlock and access historical data on people associated with Varun Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varun Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varun Corporation's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Varun Corporation
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Varun Corporation Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 116.81 Cr with Charge ID 100118475 was registered on 28 Jun 2017. was completed.

  • Balance Sheet

    Varun Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Mumbai. was recorded as a recent event.

  • Charges

    A charge with Others amounted to Rs. 391.88 Cr with Charge ID 100059950 was registered on 26 Oct 2016. was recorded as a recent event.

  • Charges

    A charge with Sbicap Trustee Company Limited amounted to Rs. 2,236.60 Cr with Charge ID 100086757 was registered on 02 Aug 2016. was recorded as a recent event.

  • Director Appointment

    Progress on Glen Damaciano Simoens was appointed as a Additional Director was appointed as a Additional Director on 10 Jun 2014 & has been associated with this company since 11 years 8 months . was documented.

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Frequently Asked Questions
What is the CIN of Varun Corporation Limited?

The CIN of Varun Corporation Limited is U51100MH1952PLC008745.

Where is Varun Corporation Limited headquartered?

Varun Corporation Limited is headquartered at 6 Shoorji Vallabhadas Margballard Estate, Mumbai, Maharashtra, 400038.

When was Varun Corporation Limited incorporated?

Varun Corporation Limited was incorporated on 04 February 1952.

Who are the current directors of Varun Corporation Limited?

The current directors of Varun Corporation Limited are

What is the primary industry of Varun Corporation Limited?

The primary industry of Varun Corporation Limited is Financial And Insurance Service.

Is Varun Corporation Limited a listed company?

Varun Corporation Limited is unlisted.

What is the capital structure of Varun Corporation Limited?

The authorized capital of Varun Corporation Limited is ₹35.00 Cr, and the paid-up capital is ₹32.46 Cr.

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