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Home > Business India > Company Profiles: Varun Industries Ltd.

Varun Industries Ltd.
Registered & Corporate Office : 13 Shankeshwar Darshan A.G. Pawar Cross Lane Byculla (E) Mumbai Maharashtra - 400027 Tel: 23727400 23785252
Business Group: Not Applicable Industry Type: Trading
Key Officials:
Mr. Kiran N Mehta
Mr. Kailash S Agarwal
Mr. S K Srivastav
Mr. S Rajagopal
Mr. D K Mukhopadhyay
Chairman and Managing director
Joint Managing Director
Independent Director
Independent Director
Independent Director
Public Issue Date: 25/10/2007 BSE CODE: 532917 NSE CODE: VARUNEQ
Face Value: 10 Market Lot: 1 ISIN: INE032G01012
Current PE: 3.3368 Current Market Capital: 71.3175
Promoters %: 60.3533
Promoters Shares: 13346500
Institution Investment %: 0.9575
Institution Investment Shares: 211750
Auditor:
Chunnilal & Company
Banker:
Registrar:
Bigshare Services Pvt. Ltd E/2 Ansa Industrial EstateSaki Vihar Road Saki NakaAndheri (E)Mumbai 400072 Maharashtra 28523474 28560652 28560653
Company History: Our Company incorporated as Varun Continental Limited on March 8 1996 and received the Certificate for Commencement of Business on March 15 1996 from the Registrar of Companies Maharashtra Mumbai. Our registered office earlier located at Dwarkesh Market Dr. A.M. Road Near Central Bank Bhuleshwar Mumbai - 400 002 was shifted to its present location w.e.f. July 24 1996.

Our Company is promoted by Mr. Kiran Mehta Mr. Kailash Agarwal and Mr. Virendra Mehta with the main object to carry on the business of manufacturers exporters importers and traders in stainless steel kitchenware and houseware items. Our Company took over Varun Exports the proprietorship concern of Mr. Kiran N. Mehta on April 10 1996 which had been in the business of exports of stainless steel utensils.Our Company changed its name to Varun Industries Limited and received a fresh certificate of incorporation as on April 21 2005. Today our Company has a wide range of 1500 varieties of kitchenware houseware tableware cutlery and other items of various types. We procure these products by a network of 80 dedicated suppliers spread across the country and we are exporting these products to many countries all across the globe.

As a process of backward integration and to increase our profit margin we have planned to develop an inhouse manufacturing and warehousing facility at Vasai (E) District Thane near Mumbai and a Stainless Steel Sheet Re-rolling Mill at Jodhpur. We expect to commence our commercial production from both these manufacturing units in September 2007.

Recently we have ventured into other businesses like electricity generation through windmill. We are also venturing into exporting of agro based products hydroelectric power generation iron and ore mining and oil and gas drilling. Further looking at the prospects of industry we are planning to foray into the domestic market by supplying our products to various retail chains.

Major events in the history of our Company since inception

Year Key events milestones and achievements

1996 Obtained Certificate of Incorporation and Commencement of Business Took over Varun Exports the proprietorship concern dealing in the business of exports of stainless steel utensils

1998 EEPC Exporter Excellence Award for the Year 1996-97 awarded by Mr. Ram Krishna Hegde Hon'ble Union Minister of Commerce

1999 National Export Award for the years 1997-98 and 1998-99 awarded by Mr. Atal Bihari Vajpayee Hon'ble Prime Minister of India

Top Exporter - Regional Trophy for the year 1998-99

Export Excellence Award for the Year 1998 - 99 awarded by Engineering Export Promotion Council

National Export Award for the year 1998-99 presented by the Prime Minister of India Hon'ble Mr. Atal Bihari Vajpayee

2000 Best Exports Award from the Government of Maharashtra for the year 1998-99 awarded by Mr. Mekharam Pawar Hon'ble Minister of Trade and Commerce

EEPC Exporter Excellence Award for the Year 1998-1999 awarded by Mr. Murasoli Maran Hon'ble Union Minister of Commerce and Industry

EEPC Top Exporters Award for the Year 1998-1999 awarded by Mr. Omar Abdulla Hon'ble Minister of Commerce & Industry

2002 EEPC Exporters Excellence Award for the year 1999-2000 awarded by Mr. Omar Abdulla Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - "Niryat Shree" Trophy for the Year 2000-2001 awarded by Mr. Bhairon Shing Shekhawat Hon'ble Vice President of India

2003 EEPC Exporters Excellence Award for the year 2000 - 2001 awarded by Mr. Arun Jaitley Hon'ble Minister of Commerce & Industry

Awarded IS/ISO 9001: 2000 by Bureau of Indian Standards for Quality Management System

2005 EEPC Top Exporters Awards for the year 2001-02 2002-03 awarded by Mr. S. M. Krishna Hon'ble Minister of Commerce & Industry

2006 EEPC Top Exporters Award for the year 2003-04 awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

EEPC Star Performers Awards for the year 2004-05 awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - "Niryat Shree" Trophy for the year 2004-05 in the category of Engineering & Metallurgical Products Non SSI awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

FIEO Top Exporters - "Niryat Shree" Trophy for the year 2004-05 in the category of Multi Products Star Export House Non SSI awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

FIEO Top Exporters -"Niryat Shree" Trophy for the year 2004-05 in the category of Gems & Jewellery Non SSI awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

Awarded as Four Star Export Trading House by Government of India for the period of 01/04/2004 to 31/03/2009

Change of Name of our Company from Varun Continental Limited to Varun Industries Limited

2007 EEPC Star Performers Award for the year 2005-06 awarded by Mr. Kamalnath Hon'ble Minister of Commerce & Industry

2008

- Varun Industries Limited has informed the that "Shri B. K. Ray was appointed as the Director (Finance & Corporate Planning) of the Company. with effect from 10th March 2008".

- Varun Industries Ltd has informed that Shri. B K Ray was appointed as the Director (Finance & Corporate Planning) of the Company with effect from March 10 2008.

- Varun Industries Ltd has informed that Shri. S Krishna Kumar was appointed as an Additional Director of the Company with effect from April 15 2008.

- Varun Industries Limited has appointed Shri Kiran N. Bade as the Company Secretary and Compliance Officer.

(Source: RTGSL)


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