About Varun Gas Logistics Private Limited
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Varun Gas Logistics Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Varun Corporation Limited. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 17 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61200MH2016PTC274556. Its GSTIN is 27AAFCV4331F1ZG (Maharashtra).
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.36 Cr. It is led by directors Yudhisthir Dilip Khatau and Glen Damaciano Simoens.
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 is at Laxmi Building 6 Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2018, the company reported a revenue of ₹40.81 Cr, a growth of 102% compared to the previous year. For the same year it recorded a net loss of ₹11.48 Cr (net margin -28.1%) and EBITDA of ₹23.08 Cr (EBITDA margin 56.6%).
As per MCA filings, the company has satisfied charges of ₹391.88 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website varunship.com.
Company details
Contact details
Varun Gas Logistics Private Limited's registered office is in Mumbai, Maharashtra. Its website is varunship.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressLaxmi Building 6 Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Shipping & Maritime Services
To see the full contact details of Varun Gas Logistics 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 Gas Logistics is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Varun Gas Logistics Private Limited, buy the company report.
Financials of Varun Gas Logistics Private Limited
FY 2018 filings availableVarun Gas Logistics Private Limited reported revenue of ₹40.81 Cr (up 102% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 102% in the latest year. EBITDA rose 180% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹40.81 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹23.08 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹11.48 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 56.6% | ||
| Net Profit Margin | -28.1% | ||
| 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 Gas Logistics Private Limited, buy the company report.
Board of directors of Varun Gas Logistics Private Limited
Varun Gas Logistics has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Glen Damaciano Simoens Also directs: Varun LPG Carriers Private Limited, Varun Maritime Limited, Varun Global Limited and 2 more | Additional Director | 01 Nov 2022 | 3 Years 11 Months | Current |
| Yudhisthir Dilip Khatau Also directs: Varun LPG Carriers Private Limited, Varun Maritime Limited, Varun Global Limited and 3 more | Director | 17 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Varun Gas Logistics Private Limited is compared with the 4 companies closest to it by revenue in the Shipping industry (Shipping Services), with the same principal business activity (water transport), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ocean King Shipping Services Private Limited | ₹42.9 Cr (FY 2025) | 69.0% | New Delhi, Delhi, India | |||
| Allcargo Shipping Co. Private Limited | ₹41.12 Cr (FY 2018) | -33.0% | Mumbai, Maharashtra, India | |||
| Inox Shipping Agencies (India) Private Limited | ₹40.85 Cr (FY 2025) | 4.0% | Navy Mumbai, Maharashtra, India | |||
| Varun Gas Logistics Private Limitedthis company | ₹40.81 Cr (FY 2018) | -₹11.48 Cr | -28.1% | 102.0% | Mumbai, Maharashtra, India | |
| Darya Shipping Private Limited | ₹40.55 Cr (FY 2025) | -20.0% | Gurugram, Haryana, India |
To see the full peer comparison of Varun Gas Logistics Private Limited, buy the company report.
Auditor
Varun Gas Logistics Private Limited is audited by SORAB S ENGINEER & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SORAB S ENGINEER & CO | FY 2018 | 110417W |
Shareholding
The shareholding of Varun Gas Logistics Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varun Gas Logistics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2016 | 100059421 | Others | ₹391.88 Cr | Satisfied |
To see the full charge records of Varun Gas Logistics Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Varun Gas Logistics Private Limited has 5 court cases on record: 2 filed by Varun Gas Logistics, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CHOL) | Filed by the company against Fleet Management India Pvt. Ltd. and Another | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Prakash K. Pandya Liquidator of Varun Corporation Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Bharat Petroleum Corporation Ltd. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Fleet Management India Pvt. Ltd. and Another | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company | Disposed |
To see the full case history of Varun Gas Logistics 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 Gas Logistics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varun Gas Logistics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV4331F1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varun Gas Logistics Private Limited, buy the company report.
Recent activity
Varun Gas Logistics Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Glen Damaciano Simoens was appointed as Additional Director on 01 Nov 2022.
Frequently asked questions
Varun Gas Logistics is an active private limited company based in Mumbai, Maharashtra, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 17 March 2016 (10+ years old) and is registered under CIN U61200MH2016PTC274556.
Varun Gas Logistics has 2 current directors:
- Glen Damaciano Simoens - Additional Director
- Yudhisthir Dilip Khatau - Director
The latest financial statements of Varun Gas Logistics 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 FY 2016 are in the company report.
The GSTIN of Varun Gas Logistics is 27AAFCV4331F1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varun Gas Logistics is U61200MH2016PTC274556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Gas Logistics has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
Varun Gas Logistics was incorporated on 17 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varun Gas Logistics by revenue are Ocean King Shipping Services Private Limited, Allcargo Shipping Co. Private Limited, Inox Shipping Agencies (India) Private Limited, Darya Shipping Private Limited, all in the Shipping industry (Shipping Services), with the same principal business activity (water transport).
Glen Damaciano Simoens was appointed as Additional Director on 01 Nov 2022. Srinivasagopalan Ara Amudan ceased to be Director on 25 Mar 2022. Yudhisthir Dilip Khatau was appointed as Director on 17 Mar 2016.
Varun Gas Logistics can be reached through the website varunship.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Varun Gas Logistics is at Laxmi Building 6 Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.