Promoter holding
64.27%
VB
Varun Beverages Limited - Due diligence report
A 360° intelligence report on Varunpepsi: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Varunpepsi — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Varunpepsi is assessed as Low Risk with a Trust Score of 78/100. Varunpepsi is an active public limited indian non-government company incorporated in 1995, operating in the Food and Beverages 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 15 Aug 2026 from the latest processed filings. Varun Beverages 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 ScoreLow Risk
78/100
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
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 3 open (2,470.25 cr) · 212 satisfied (16,916.18 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 44 | 48.0 cr |
| Hdfc Bank Limited | 30 | 48.0 cr |
| Axis Bank Limited | 16 | 48.0 cr |
| Yes Bank Limited | 9 | 48.0 cr |
| Icici Bank Limited | 10 | 48.0 cr |
| Idbi Bank Limited | 16 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Dec 2025).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (404 disclosure(s)).
- 39 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RASHMI DHARIWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJINDER JEET SINGH BAGGA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH CHAWLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Mr. Ravi Batra | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVI KANT JAIPURIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SITA KHOSLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJ PAL GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VARUN JAIPURIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHIRAM SETH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARESH TREHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKAJ MADAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANIL KUMAR SONDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
2
Group entities
4
Capital events
22 allotment(s) · 4 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ole Springs Bottlers (private) Limited | Subsidiary Company | 74.00% |
| Varun Beverages (nepal) Private Limited | Subsidiary Company | 74.00% |
| Varun Beverages International Dmcc | Subsidiary Company | 74.00% |
| Varun Beverages Lanka (private) Limited | Subsidiary Company | 74.00% |
| Varun Beverages Morocco Sa | Subsidiary Company | 74.00% |
| Varun Beverages Rdc Sas | Subsidiary Company | 74.00% |
| Varun Beverages South Africa (pty) Ltd | Subsidiary Company | 74.00% |
| Vbl Mozambique, Sa | Subsidiary Company | 74.00% |
| Varun Beverages (zambia) Limited | Subsidiary Company | 74.00% |
| Varun Beverages (zimbabwe) (private) Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAJINDER JEET SINGH BAGGA (Whole-time director) · RAJESH CHAWLA (CFO) · RAJ PAL GANDHI (Whole-time director) · VARUN JAIPURIA (Whole-time director) · PANKAJ MADAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.74 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 2,470.25 cr already registered.
- Compliance gaps should be priced into terms.
Investor view91/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 May 2026
Charge created
Others - 250.00 cr
01 Apr 2026
Last AGM held
Annual general meeting
31 Dec 2025
Latest balance sheet
Filed with ROC
15 Dec 2025
Charge satisfied
Others
30 Jul 2025
Director appointed
PANKAJ MADAN (CFO)
28 Jul 2025
Charge created
Others - 150.00 cr
07 May 2025
Charge satisfied
Hdfc Bank Limited
28 Apr 2025
Charge satisfied
Others
25 Apr 2025
Charge satisfied
Others
20 Dec 2024
Charge satisfied
Others
21 Sep 2024
Charge satisfied
Hdfc Bank Limited
12 Aug 2024
Charge created
Hdfc Bank Limited - 1,000.00 cr
04 Jul 2024
Charge satisfied
Hdfc Bank Limited
01 Jul 2024
Charge satisfied
Others
28 Jun 2024
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
39 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 22 security allotment(s) - amounts available in the full report.
77 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Mayurgroup | U15326UP1990PTC011589 | Kanpur, Uttar Pradesh, India |
| Herbalife Nutrition Ltd. | U51909KA1998PTC026098 | Bangalore South, Karnataka, India |
| Swiss-Singapore | U51101GJ2013FTC086557 | Gandhidham, Gujarat, India |
| Allana | U51990MH1973PTC016285 | Mumbai, Maharashtra, India |
| Hindustancoca-Cola | U74899HR1997PTC100334 | Gurugram, Haryana, India |
| Britannia Industries | L15412WB1918PLC002964 | Kolkata, West Bengal, India |
| Pernod Ricard India | U74899DL1993PTC055062 | New Delhi, Delhi, India |
| Diago | L01551KA1999PLC024991 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Varunpepsi 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 Varunpepsi: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Varunpepsi - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Varunpepsi pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Varunpepsi - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Varunpepsi an active company?
Varunpepsi has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Varunpepsi financially healthy?
Varunpepsi has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Varunpepsi?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Varunpepsi?
Promoters hold a majority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Varunpepsi have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 212 earlier charge(s) stand satisfied.
Is Varunpepsi up to date with its ROC filings?
Annual filings current (balance sheet Dec 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Varunpepsi?
Its Credit Risk Score is 95/100 (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.
