About Varun Industries Limited
Data last updated:
Varun Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 08 March 1996.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L28990MH1996PLC097945. The company has 5 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹29.11 Cr. It is led by directors Kirankumar Navratanmal Mehta (Managing Director) and Shri Kailash Shriram Agarwal (Managing Director).
Its last annual general meeting (AGM) was held on 26 September 2013, and its latest financial statements are for the year ended 31 March 2013. The registered office is at 13 Shankeshwar Darshan Co – Opsoc Ltd A G Pawar Cross Lane Byculla, Mumbai, Maharashtra, India – 400027.
As per MCA filings, the company has open charges of ₹3,594.24 Cr and satisfied charges of ₹1,521.74 Cr on record. Court records list 369 cases involving the company, including 49 filed by the company and 320 filed against it; 85 cases are pending. The company has 62 deals on record (61 market trades, 1 ipo); the latest was in November 2012.
The last known website on record is varun.com.
Company details
CIN history
Varun Industries has one previous CIN (Corporate Identification Number): U28990MH1996PLC097945. The current CIN is L28990MH1996PLC097945, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28990MH1996PLC097945 | Current |
| U28990MH1996PLC097945 | Previous |
Contact details
Varun Industries Limited's registered office is in Mumbai, Maharashtra.
- Registered Address13 Shankeshwar Darshan Co – Opsoc Ltd A G Pawar Cross Lane Byculla, Mumbai, Maharashtra, India – 400027
- IndustryAgriculture, Agro Retail & Distribution
- 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
Financials of Varun Industries Limited
FY 2013 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Varun Industries Limited, buy the company report.
Board of directors of Varun Industries Limited
Varun Industries has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirankumar Navratanmal Mehta Also directs: Shri Sai Jewels Private Limited | Managing Director | 01 Apr 2006 | 20 Years 6 Months | As last reported |
| Shri Kailash Shriram Agarwal Also directs: Shri Sai Jewels Private Limited | Managing Director | 16 Aug 2008 | 18 Years 2 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2011 | 10316675 | Asset Reconstruction Company (India) Limited | ₹7.5 Cr | Open | |
| 05 Nov 2011 | 10319505 | United Bank of India | ₹273.24 Cr | Open | |
| 09 Oct 2011 | 10316872 | Bank of Baroda | ₹68 Cr | Open | |
| 20 Sep 2011 | 10314286 | Central Bank of India | ₹19.45 Cr | Open | |
| 10 Sep 2011 | 10307438 | Indian Bank | ₹30 Cr | Open |
To see the full charge records of Varun Industries Limited, buy the company report.
Total charge records: 55 View all charges
Deals & funding
Varun Industries Limited has 62 deals on record (61 market trades, 1 ipo); the latest was in November 2012.
Deals on record (5 of 62)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2012 | Market trade | ₹88.1 Lakh | Seller: Paisalo Digital Limited |
| Apr 2012 | Market trade | ₹1.76 Cr | Buyer: Bakshu Securities & Broker Private Limited Seller: Bakshu Securities & Broker Private Limited |
| Apr 2012 | Market trade | ₹80.1 Lakh | Seller: Albers Diamonds Private Limited |
| Apr 2012 | Market trade | ₹4.02 Cr | Buyer: Gajanan Enterprises Seller: Gajanan Enterprises, Rishabh Technomarine Private Limited , an individual |
| Mar 2012 | Market trade | ₹10.88 Cr | Buyer: Sancheti Properties Private Limited , Albers Diamonds Private Limited , an individual Seller: Albers Diamonds Private Limited , Sancheti Properties Private Limited , an individual |
To see the full deal history of Varun Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varun Industries Limited has 369 court cases on record: 49 filed by Varun Industries, 320 filed against it. 85 cases are pending and 284 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 227 | 204 | 81 |
| High courts | 141 | 116 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 369)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (RPCD) | Filed against the company by Paisalo Digital Limited (Formerly Known As S E Investments Limited) and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Paisalo Digital Ltd Formerly Known As S E Investments Ltd and 1 other | Disposed |
| High Court, MAHARASHTRA | Court case (CHOL) | Filed against the company by S E Investment Limited DKL | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Atmaram Broking Co.Pvt.Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Rayma Contracts Pvt. Ltd | Disposed |
To see the full case history of Varun Industries 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 Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varun Industries has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varun Industries Limited, buy the company report.
Recent activity
Varun Industries Limited has 44 board changes on record since 2003: 23 appointments and 21 cessations. The latest: Jitendra Jayantilal Gandhi ceased to be Company Secretary on 19 Feb 2015.
135 earlier events are in the company report.
Frequently asked questions
Varun Industries is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Varun Industries is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 08 March 1996 and is registered under CIN L28990MH1996PLC097945. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varun Industries has 2 current directors:
- Kirankumar Navratanmal Mehta - Managing Director
- Shri Kailash Shriram Agarwal - Managing Director
The latest financial statements of Varun Industries on record with the MCA are for the year ended 31 March 2013. Its last annual general meeting was held on 26 September 2013. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varun Industries is L28990MH1996PLC097945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Industries is recorded as a listed company by MCA, but its shares were delisted from NSE on 30 May 2018 · winding up and from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Varun Industries has open charges of ₹3,594.24 Cr and satisfied charges of ₹1,521.74 Cr as per latest MCA filings.
Varun Industries has 369 court cases on record: 49 filed by the company and 320 filed against it. 85 are pending. Most are in the district courts.
Varun Industries was incorporated on 08 March 1996. It is registered with the Registrar of Companies, Mumbai.
Varun Industries has 62 deals on record (61 market trades, 1 ipo); the latest was in November 2012.