Varun Ispat Private Limited
About Varun Ispat Private Limited
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Varun Ispat Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1995PTC074530.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was formerly known as Varun Estates Private Limited. It is led by directors Varun Patwari and Om Prakash Agarwala.
Its last annual general meeting (AGM) was held on 27 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 'Centre Point' 21 Hemanta Basu Sarani 4th Floor Suite No – 437, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.26 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹2,401 (net margin -1.9%) and EBITDA of ₹32,421 (EBITDA margin 25.7%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹21.68 Cr and satisfied charges of ₹78.36 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varun Ispat Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address'Centre Point' 21 Hemanta Basu Sarani 4th Floor Suite No – 437, Kolkata, West Bengal, India – 700001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Varun Ispat 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 Ispat is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Varun Ispat Private Limited, buy the company report.
Financials of Varun Ispat Private Limited
FY 2020 filings availableVarun Ispat Private Limited reported revenue of ₹1.26 Lakh (down 18% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 18% fall in the latest year. EBITDA rose 470% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹32,421 | ||||
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| Net Profit (PAT) | -₹2,401 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 25.7% | ||||
| Net Profit Margin | -1.9% | ||||
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To see the full financial statements and ratios of Varun Ispat Private Limited, buy the company report.
Board of directors of Varun Ispat Private Limited
Varun Ispat has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Patwari Also directs: Tulsi Vincom Private Limited, Liska Sales Private Limited, Gokul Distributors Private Limited and 3 more | Director | 06 Dec 2019 | 6 Years 10 Months | Current |
| Om Prakash Agarwala Also directs: Tulsi Vincom Private Limited, Liska Sales Private Limited, Gokul Distributors Private Limited and 3 more | Director | 06 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Varun Ispat Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Topmost Complex Private Limited | ₹1.26 Lakh (FY 2025) | -42.0% | Kolkata, West Bengal, India | |||
| Vasishta Avenues Private Limited | ₹1.26 Lakh (FY 2025) | -30.0% | Hyderabad, Telangana, India | |||
| Varun Ispat Private Limitedthis company | ₹1.26 Lakh (FY 2020) | -₹2,401 | -1.9% | -18.0% | Kolkata, West Bengal, India | |
| Esbi Abasan Private Limited | ₹1.26 Lakh (FY 2016) | Kolkata, West Bengal, India |
To see the full peer comparison of Varun Ispat Private Limited, buy the company report.
Auditor
Varun Ispat Private Limited is audited by KUMAR PRAVEEN AND COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMAR PRAVEEN AND COMPANY | FY 2019 | 329781E |
Shareholding
The shareholding of Varun Ispat Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varun Ispat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2015 | 10609360 | Icici Bank Limited | ₹1.88 Cr | Open | |
| 19 Jun 2009 | 10170500 | United Bank of India | ₹18 Cr | Open | |
| 15 Sep 2003 | 90244720 | Allahabad Bank | ₹1.8 Cr | Open | |
| 30 Aug 2013 | 10450770 | Deutsche Bank Ag | ₹1.3 Cr | Satisfied | |
| 19 Apr 2012 | 10350705 | Reliance Capital Ltd | ₹1 Cr | Satisfied |
To see the full charge records of Varun Ispat Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Varun Ispat Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Icici Bank Limited | Disposed |
To see the full case history of Varun Ispat 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 Ispat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Varun Ispat has 1 associated company. 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 Ispat Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varun Ispat Private Limited has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Divya Patwari ceased to be Director on 09 Dec 2019.
16 earlier events are in the company report.
Frequently asked questions
Varun Ispat is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 September 1995 (31+ years old) and is registered under CIN U70101WB1995PTC074530.
Varun Ispat has 2 current directors:
- Varun Patwari - Director
- Om Prakash Agarwala - Director
The latest financial statements of Varun Ispat on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 27 September 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Varun Ispat is U70101WB1995PTC074530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Ispat has 1 court case on record: 1 filed against it.
Varun Ispat was incorporated on 25 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Varun Ispat by revenue are Topmost Complex Private Limited, Vasishta Avenues Private Limited, Esbi Abasan Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Divya Patwari ceased to be Director on 09 Dec 2019. Sushila Devi Patwari ceased to be Director on 09 Dec 2019. Om Prakash Agarwala was appointed as Director on 06 Dec 2019. Varun Ispat has 6 board changes on record in total.
The registered office of Varun Ispat is at Centre Point 21 Hemanta Basu Sarani 4th Floor Suite No – 437, Kolkata, West Bengal, India – 700001.
Varun Ispat operates in the real estate and construction industry, in the real estate builders and developers segment.
Varun Ispat has open charges of ₹21.68 Cr and satisfied charges of ₹78.36 Cr as per latest MCA filings.