About Varun Resources Limited
Data last updated:
Varun Resources Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Varun Corporation Limited. 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 shipping and maritime services segment of the transport and logistics sector. It was incorporated on 06 October 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61200MH2010PLC208659. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹368.1 Cr and a paid-up capital of ₹151.02 Cr. It was formerly known as Royal Orchid Conreal Private Limited and Varun Resources Private Limited. It is led by directors including Yudhisthir Dilip Khatau (Managing Director) and Srinivasagopalan Ara Amudan.
Its last annual general meeting (AGM) was held on 19 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Laxmi Building 6 Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2016, the company reported a revenue of ₹316.4 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.09 Cr (net margin 0.7%) and EBITDA of ₹314.32 Cr (EBITDA margin 99.3%).
As per MCA filings, the company has open charges of ₹6,111.48 Cr and satisfied charges of ₹4,836.74 Cr on record. Court records list 23 cases involving the company, including 2 filed by the company and 10 filed against it; 4 cases are pending.
The last known website on record is varunresources.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressLaxmi Building 6 Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Shipping & Maritime Services
- 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
- One PDF report, delivered after checkout
Business Activity of Varun Resources Limited
The main business activity of Varun Resources is transport and storage. In detail, this covers water transport.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Varun Resources Limited FY 2016 filings available
Varun Resources Limited reported revenue of ₹316.4 Cr (up 531% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Varun Resources Limited
Revenue rose 531% in the latest year. EBITDA rose 262% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Varun Resources Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | ₹316.4 Cr | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹314.32 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹2.09 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 of Varun Resources Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 99.3% | •••• |
| Net Profit Margin | 0.7% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Varun Resources are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Varun Resources Limited
Varun Resources Limited is audited by SORAB S ENGINEER & CO for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SORAB S ENGINEER & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Varun Resources Limited
Varun Resources has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasagopalan Ara Amudan | Director | 01 Feb 2015 | 11 Years 8 Months | As last reported |
| Atul Chandra Varma | Nominee Director | 27 Oct 2015 | 10 Years 11 Months | As last reported |
| Yudhisthir Dilip Khatau Also directs: Varun LPG Carriers Private Limited, Varun Maritime Limited, Varun Global Limited and 4 more | Managing Director | 22 Mar 2012 | 14 Years 6 Months | As last reported |
Ownership and Shareholding of Varun Resources Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varun Resources Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2016 | Others | ₹176 Cr | Open |
| 09 Dec 2015 | Icici Bank Limited | ₹387.44 Cr | Open |
| 24 Jul 2015 | Sbicap Trustee Company Limited | ₹2,236.6 Cr | Open |
| 18 Jun 2015 | Export-Import Bank of India | ₹150 Cr | Open |
| 30 Oct 2014 | State Bank of Bikaner and Jaipur | ₹6 Cr | Open |
Total charge records: 154 View all charges
Legal Cases of Varun Resources Limited
Varun Resources Limited has 23 court cases on record: 2 filed by Varun Resources, 10 filed against it, 11 where it is another party. 4 cases are pending and 19 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 7 | 1 |
| NCLAT | 3 | 3 | 3 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company by Deeplok Financial Services Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Abb India Limited and 1 other | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Mauritius Commercial Bank | Pending |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Mauritius Commercial Bank | Pending |
| Bombay High Court | Court case (NMCD) | Company is another party | Pending |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Varun Resources Limited
Employment history and EPFO contributions of people linked to Varun Resources.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Varun Resources Limited
Varun Resources has undergone 2 name changes throughout its history. The company was previously known as Royal Orchid Conreal Private Limited, and Varun Resources Private Limited. The current legal name is Varun Resources Limited.
| Company Name | Status |
|---|---|
| Varun Resources Limited | Current |
| Royal Orchid Conreal Private Limited | Previous |
| Varun Resources Private Limited | Previous |
CIN History of Varun Resources Limited
Varun Resources has one previous CIN (Corporate Identification Number): U61200MH2010PTC208659. The current CIN is U61200MH2010PLC208659, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U61200MH2010PLC208659 | Current |
| U61200MH2010PTC208659 | Previous |
News related to Varun Resources Limited
Recent Activity on Varun Resources Limited
Varun Resources Limited has 15 board changes on record since 2012: 3 appointments and 12 cessations. The latest: Armin Fali Pardiwala ceased to be Director on 26 Feb 2018.
299 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Varun Resources Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varun Resources Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varun Resources Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varun Resources Limited
Varun Resources has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varun Resources Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varun Resources Limited
Varun Resources 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 Resources is a company under liquidation, formerly operating as a public 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 06 October 2010 and is registered under CIN U61200MH2010PLC208659. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Varun Resources reported revenue of ₹316.4 Cr for FY 2016 (up 531% YoY).
Varun Resources has 3 current directors:
- Yudhisthir Dilip Khatau - Managing Director
- Srinivasagopalan Ara Amudan - Director
- Atul Chandra Varma - Nominee Director
Varun Resources reported a net profit of ₹2.09 Cr (net margin 0.7%) and EBITDA of ₹314.32 Cr (EBITDA margin 99.3%) for FY 2016, as per its filed financial statements.
The CIN (Corporate Identification Number) of Varun Resources is U61200MH2010PLC208659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varun Resources has open charges of ₹6,111.48 Cr and satisfied charges of ₹4,836.74 Cr as per latest MCA filings.
Varun Resources has 23 court cases on record: 2 filed by the company and 10 filed against it. 4 are pending. Most are in the high courts.
Varun Resources was incorporated on 06 October 2010. It is registered with the Registrar of Companies, Mumbai.
Armin Fali Pardiwala ceased to be Director on 26 Feb 2018. Jamsheed Minoo Panday ceased to be Additional Director on 08 Jun 2017. Venkatakrishnan Ramaswamy Veeravalli ceased to be Company Secretary on 30 May 2017. Varun Resources has 15 board changes on record in total.