Varun Resorts Limited.
About Varun Resorts Limited.
Data last updated:
Varun Resorts Limited. is a public limited company based in Calangute, Goa, India, a subsidiary of Stanford Investment And Properties Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 26 May 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA1994PLC001599. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹14.48 Cr. It was formerly known as Varun Resorts Private Limited. It is led by directors including Kavita Shyam Luthria (Whole-Time Director) and Naresh Shyam Lutharia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dx – 6 Big Apple Building Saunta Waddo Opp Cardeliars Chapel Baga, Calangute, Goa, India – 403516.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.45 Lakh, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹1.43 Cr and EBITDA of ₹3.7 Lakh (EBITDA margin 39.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over five years.
As per MCA filings, the company has satisfied charges of ₹9.47 Cr on record. Court records list 21 cases involving the company, including 11 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varun Resorts Limited.'s registered office is in Calangute, Goa. Its e-mail address is in the company report.
- Email
- Registered AddressDx – 6 Big Apple Building Saunta Waddo Opp Cardeliars Chapel Baga, Calangute, Goa, India – 403516
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Varun Resorts 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 Resorts Limited is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Varun Resorts Limited., buy the company report.
Financials of Varun Resorts Limited.
FY 2025 filings availableVarun Resorts Limited. reported revenue of ₹9.45 Lakh (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA fell 42% 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 | ₹3.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.43 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 | 39.1% | ||||
| 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 Resorts Limited., buy the company report.
Board of directors of Varun Resorts Limited.
Varun Resorts Limited has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Shyam Lutharia | Director | 01 Aug 1995 | 31 Years 2 Months | Current |
| Henna Luthria | Director | 01 Aug 1995 | 31 Years 2 Months | Current |
| Kavita Shyam Luthria | Whole-Time Director | 28 Jan 2006 | 20 Years 9 Months | Current |
Auditor
Varun Resorts Limited. is audited by M R SHARMA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R SHARMA & CO | FY 2018 | 109965W |
Shareholding
The shareholding of Varun Resorts Limited. is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varun Resorts Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2009 | 10138957 | Phoenix Arc Private Limited | ₹18 Lakh | Satisfied | |
| 03 Jan 2009 | 10138958 | Phoenix Arc Private Limited | ₹27 Lakh | Satisfied | |
| 23 Oct 2007 | 10083945 | Phoenix Arc Private Limited | ₹9.02 Cr | Satisfied |
To see the full charge records of Varun Resorts Limited., buy the company report.
Total charge records: 3 View all charges
Legal cases
Varun Resorts Limited. has 21 court cases on record: 11 filed by Varun Resorts Limited, 10 filed against it. 1 case is pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 6 | 1 |
| High courts | 5 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Veekay Building Pvt. Ltd and Ors. | Disposed |
| District court, North Goa, Goa | Appeal | Filed against the company by Pan Electrical Services | Pending |
| District court, North Goa, Goa | Appeal | Filed against the company by Pan Electrical Services and 2 others | Disposed |
| District court, North Goa, Goa | Court case (SEXA) | Filed by the company against Pan Electrical Services | Disposed |
| District court, North Goa, Goa | Court case (IPC) | Filed against the company by Ms. S.R.S. Constructions | Disposed |
To see the full case history of Varun Resorts 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 Resorts Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varun Resorts Limited has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varun Resorts Limited., buy the company report.
Recent activity
Varun Resorts Limited. has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Anjali Kabra ceased to be Company Secretary on 16 Aug 2024.
7 earlier events are in the company report.
Frequently asked questions
Varun Resorts Limited is an active public limited company based in Calangute, Goa, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 26 May 1994 (32+ years old) and is registered under CIN U55101GA1994PLC001599.
Varun Resorts Limited has 3 current directors:
- Kavita Shyam Luthria - Whole-Time Director
- Naresh Shyam Lutharia - Director
- Henna Luthria - Director
The latest financial statements of Varun Resorts Limited on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Varun Resorts Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varun Resorts Limited is U55101GA1994PLC001599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Resorts Limited has 21 court cases on record: 11 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Varun Resorts Limited was incorporated on 26 May 1994, making it 32+ years old. It is registered with the Registrar of Companies, Goa.
Anjali Kabra ceased to be Company Secretary on 16 Aug 2024. Kavita Shyam Luthria ceased to be Director on 06 May 2019. Shyam Bhajanmal Luthria ceased to be Director on 04 Nov 2013. Varun Resorts Limited has 7 board changes on record in total.
The registered office of Varun Resorts Limited is at Dx – 6 Big Apple Building Saunta Waddo Opp Cardeliars Chapel Baga, Calangute, Goa, India – 403516.
Varun Resorts Limited operates in the travel and hospitality industry, in the hotel and accommodation services 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.
