Promoter holding
64.27%
VE
Varroc Engineering Limited - Due diligence report
A 360° intelligence report on Varrocgroup: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Varrocgroup — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Varrocgroup is assessed as Moderate with a Trust Score of 74/100. Varrocgroup is an active public limited indian non-government company incorporated in 1988, operating in the Automotive sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Varroc Engineering Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 3 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (AA-).
Charges position: 16 open (1,333.50 cr) · 88 satisfied (2,973.49 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 23 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 7 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Idbi Bank Limited | 3 | 48.0 cr |
| Bajaj Finance Limited | 2 | 48.0 cr |
| The Saraswat Co-Operative Bank Ltd. | 8 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (483 disclosure(s)).
- 9 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ARJUN TARANG JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AKSHAYKUMAR NARENDRASINHJI CHUDASAMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PADMANABH SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHRUV JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINISH KATHURIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TARANG NARESH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Karumanchi Mahendra Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Liselott Kilaas | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anil Bhanwarlal Ghatiya | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Avinash Ramdas Chintawar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
3
Group entities
4
Capital events
11 allotment(s) · 10 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Industria Meccanica Estampaggio S.p.a | Subsidiary Company | 74.00% |
| Varroc Electronics Romania Srl (formerly Known As Varroc Lighting Systems Electronics Romania Srl) | Subsidiary Company | 74.00% |
| Varroc European Holding B.v. | Subsidiary Company | 74.00% |
| Varroc Germany Gmbh | Subsidiary Company | 74.00% |
| Varroc Intelligent Driving Research And Development Centre (changzhou) Co., Ltd. | Subsidiary Company | 74.00% |
| Varroc Italy S.p.a. (formerly Known As Varroc Lighting Systems, Italy S.p.a.) | Subsidiary Company | 74.00% |
| Varroc Japan Co. Ltd | Subsidiary Company | 74.00% |
| Varroc Lighting Systems Bulgaria Eood | Subsidiary Company | 74.00% |
| Varroc Poland S.p.z.oo | Subsidiary Company | 74.00% |
| Varroc Vietnam Co. Ltd. (formerly Known As Varroc Lighting Systems, Vietnam Co. Ltd.) | Subsidiary Company | 74.00% |
Key managerial personnel: ARJUN TARANG JAIN (Whole-time director) · DHRUV JAIN (Whole-time director) · TARANG NARESH JAIN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 80
Growth signals & trust indicators
Steady revenue growth: +1.42 over 2 year(s).
EPFO headcount growing - hiring signal.
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Compliance score is weak (42/100).
16 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 40.46 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 16 open charge(s) of 1,333.50 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events10 Feb 2026
Charge satisfied
Idbi Bank Limited
22 Jan 2026
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
21 Jan 2026
Charge satisfied
Hdfc Bank Limited
20 Jan 2026
Charge satisfied
Others
12 Nov 2025
Director appointed
Avinash Ramdas Chintawar (Additional Director)
21 Aug 2025
Last AGM held
Annual general meeting
06 Aug 2025
Charge satisfied
Standard Chartered Bank
31 Jul 2025
Director appointed
Anil Bhanwarlal Ghatiya (Company Secretary)
Director ceased
AJAY KUMAR SHARMA
18 Jul 2025
Director appointed
PADMANABH SINHA (Additional Director)
25 Jun 2025
Charge satisfied
Others
29 May 2025
Director appointed
AKSHAYKUMAR NARENDRASINHJI CHUDASAMA (Additional Director)
26 May 2025
Charge satisfied
Others
14 May 2025
Charge satisfied
Others
25 Apr 2025
Director ceased
Liselott Kilaas
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 2 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
9 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA- from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 11 security allotment(s) - amounts available in the full report.
30 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Colgate Palmolive India | L24200MH1937PLC002700 | Mumbai, Maharashtra, India |
| Prism Johnson | L26942TG1992PLC014033 | Hyderabad-16., Telangana, India |
| Godrej Agrovet | L15410MH1991PLC135359 | Mumbai, Maharashtra, India |
| Brakes India | U35999TN1962PTC004928 | Tamilnadu, Tamil Nadu, India |
| Emerald Jewel Industry India | U03691TZ2004PLC011255 | Coimbatore, Tamil Nadu, India |
| Gehealthcare | U33111KA1990PTC016063 | Bangalore, Karnataka, India |
| Marico | L15140MH1988PLC049208 | Mumbai, Maharashtra, India |
| Nuvoco | L26940MH1999PLC118229 | Kurla, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Varrocgroup before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Varrocgroup: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Favourable lending indicators. Credit risk score 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Varrocgroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Varrocgroup pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Varrocgroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Varrocgroup an active company?
Varrocgroup has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Varrocgroup financially healthy?
Varrocgroup has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Varrocgroup?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Varrocgroup?
Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Varrocgroup have loans or charges against its assets?
16 open charge(s) are registered against its assets, and 88 earlier charge(s) stand satisfied.
Is Varrocgroup up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Varrocgroup?
Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Favourable lending indicators.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
