About Varun Holdings Pvt Ltd
Data last updated:
Varun Holdings Pvt Ltd is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 16 February 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1983PTC029327.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors including Ayushman Kashyap and Ashish Sukhdev Kashyap.
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D/221 Midcttc Thane Belapur Road Nerul, Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.51 Lakh, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹5.44 Cr and EBITDA of ₹5.59 Cr. Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 11% over five years.
Court records list 3 cases involving the company, including 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pennwalt.com.
Company details
Contact details
Varun Holdings Pvt Ltd's registered office is in Navi Mumbai, Maharashtra. Its website is pennwalt.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD/221 Midcttc Thane Belapur Road Nerul, Navi Mumbai, Maharashtra, India – 400706
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Varun Holdings 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 Holdings is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Varun Holdings Pvt Ltd, buy the company report.
Financials of Varun Holdings Pvt Ltd
FY 2025 filings availableVarun Holdings Pvt Ltd reported revenue of ₹94.51 Lakh (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA fell 28% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹5.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.44 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Holdings Pvt Ltd, buy the company report.
Board of directors of Varun Holdings Pvt Ltd
Varun Holdings has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayushman Kashyap Also directs: Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited, Pennwalt Finance and Investments Limited and 2 more | Director | 06 Dec 2022 | 3 Years 10 Months | Current |
| Ashish Sukhdev Kashyap Also directs: Pennwalt Xeda Agro-Chem Private Limited, Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited and 3 more | Director | 09 Mar 2002 | 24 Years 7 Months | Current |
| Arti Kashyap Also directs: Pennwalt Xeda Agro-Chem Private Limited, Pennwalt Agritech Limited, Pennwalt Bertuzzi Limited and 2 more | Director | 04 Nov 1996 | 30 Years 0 Months | Current |
| Aryaman Kashyap Also directs: Pennwalt Private Limited | Director | 18 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Varun Holdings Pvt Ltd is audited by V N KHANDEKAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V N KHANDEKAR & ASSOCIATES | FY 2019 | 105040W |
Shareholding
The shareholding of Varun Holdings Pvt Ltd is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varun Holdings Pvt Ltd, buy the company report.
Legal cases
Varun Holdings Pvt Ltd has 3 court cases on record: 3 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (APP) | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by an individual | Pending |
To see the full case history of Varun Holdings Pvt Ltd, 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 Holdings Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Varun Holdings has 2 associated companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Varun Holdings Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varun Holdings Pvt Ltd has 7 board changes on record since 1996: 4 appointments and 3 cessations. The latest: Ayushman Kashyap ceased to be Additional Director on 26 Sep 2023.
Frequently asked questions
Varun Holdings is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 16 February 1983 (43+ years old) and is registered under CIN U65990MH1983PTC029327.
Varun Holdings has 4 current directors:
- Ayushman Kashyap - Director
- Ashish Sukhdev Kashyap - Director
- Arti Kashyap - Director
- Aryaman Kashyap - Director
The latest financial statements of Varun Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varun Holdings is U65990MH1983PTC029327. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Holdings has 3 court cases on record: 3 filed against it. 3 are pending.
Varun Holdings was incorporated on 16 February 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Ayushman Kashyap ceased to be Additional Director on 26 Sep 2023. Ayushman Kashyap was appointed as Director on 06 Dec 2022. Aryaman Kashyap ceased to be Additional Director on 25 Nov 2021. Varun Holdings has 7 board changes on record in total.
Varun Holdings can be reached through the website pennwalt.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Varun Holdings is at D221 Midcttc Thane Belapur Road Nerul, Navi Mumbai, Maharashtra, India – 400706.
Varun Holdings operates in the financial services industry, in the investment and credit nbfc segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
