MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0000258
Varitas IT Private Limited - media and publishing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹5.07 Lakh
▲ 18% YoY
Net loss · FY 2023
₹14.4 Lakh
Net margin -284.3%
EBITDA · FY 2023
-₹12.89 Lakh
EBITDA margin -254.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
14
Provident fund records
Directors on board
2
As per MCA filings
About Varitas IT Private Limited
Data last updated:
Varitas IT Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 18 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC097409. Its GSTIN is 24AAFCV9259E1Z3 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vrusha Patel and Pramikkumar Jayprakashbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Third Floor 1 Shree Siddheswar Hallmark Nr. Sayaji Park Society Ajwa Road, Vadodara, Gujarat, India – 390019.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.07 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹14.4 Lakh (net margin -284.3%) and EBITDA of -₹12.89 Lakh (EBITDA margin -254.5%).
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Varitas IT Solutions.
Varitas IT Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0000258). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varitasit.com.
Company Details of Varitas IT Private Limited
CIN U72900GJ2017PTC097409
Registration Number 097409
Incorporation Date 18 May 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0000258
Recognitions & Rankings of Varitas IT
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressThird Floor 1 Shree Siddheswar Hallmark Nr. Sayaji Park Society Ajwa Road, Vadodara, Gujarat, India – 390019
- IndustryMedia and Publishing, Advertising Agencies & Media Services
Comprehensive company report
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Associated Brands with Varitas IT Private Limited
Varitas IT operates one associated brand: Varitas IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides services for website development, software testing, and digital marketing. | varitasit.com |
Business Activity of Varitas IT Private Limited
The main business activity of Varitas IT is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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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 Varitas IT Private Limited FY 2023 filings available
Varitas IT Private Limited reported revenue of ₹5.07 Lakh (up 18% YoY) for FY 2023.
Revenue · FY 2023
₹5.07 Lakh ▲ 18%
Net loss · FY 2023
₹14.4 Lakh margin -284.3%
EBITDA · FY 2023
-₹12.89 Lakh margin -254.5%
Compounded Annual Growth Rate (CAGR) of Varitas IT Private Limited
Revenue CAGR growth
1 year
▲ 18%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 103%
5 years · compounded
▼ 67%
Revenue rose 18% in the latest year. EBITDA fell 21% 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 of Varitas IT Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹5.07 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹12.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.4 Lakh | •••• | •••• | •••• | •••• |
| 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 Varitas IT Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -254.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -284.3% | •••• | •••• | •••• | •••• |
| 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 Varitas IT are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Varitas IT Private Limited
Varitas IT has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vrusha Patel Also directs: Trips Studios LLP | Director | 12 Mar 2020 | 6 Years 7 Months | Current |
| Pramikkumar Jayprakashbhai Patel Also directs: Trips Studios LLP | Director | 18 May 2017 | 9 Years 5 Months | Current |
Peer Comparison of Varitas IT Private Limited
Varitas IT Private Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Advertising Agencies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Skyaltum Global Services Private Limited | ₹5.13 Lakh (FY 2023) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Chhapoliya Software Private Limited | ₹5.12 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Bikaner, Rajasthan, India |
| Flexon Marketing Services Private Limited | ₹5.11 Lakh (FY 2019) | •••• | •••• | -74.0% | •••• | New Delhi, Delhi, India |
| First Seo Scrapers Private Limited | ₹5.1 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | New Delhi, Delhi, India |
| Pixilex Creations Private Limited | ₹5.07 Lakh (FY 2025) | •••• | •••• | 2517.0% | •••• | Bangalore, Karnataka, India |
| Varitas IT Private Limited this company | ₹5.07 Lakh (FY 2023) | •••• | •••• | 18.0% | •••• | Vadodara, Gujarat, India |
| Narendra Firodia Unicorp Private Limited | ₹5.05 Lakh (FY 2024) | •••• | •••• | •••• | Ahmednagar, Maharashtra, India | |
| Cannas Technologies Private Limited | ₹5.04 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Warje, Pune, Maharashtra, India |
| Simpleton Multitrade Private Limited | ₹5.04 Lakh (FY 2025) | •••• | •••• | -66.0% | •••• | Mumbai, Maharashtra, India |
| Selectnext Digital Media Private Limited | ₹5.03 Lakh (FY 2024) | •••• | •••• | -12.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Captive Audience Advertising Network & Research Private Limited | ₹5.03 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Kalyan, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Varitas IT by revenue in the Media and Publishing industry (Advertising Agencies), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Varitas IT Private Limited
Varitas IT Private Limited is audited by MRNP & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MRNP & CO LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Varitas IT Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Varitas IT Private Limited
Varitas IT Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varitas IT Private Limited
Varitas IT Private Limited has a workforce of 14 employees as of Mar 21, 2024.
Employee count
14
Active EPFO establishments
1
Employee growth
250%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Varitas IT Private Limited
Varitas IT Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Vrusha Patel ceased to be Additional Director on 01 Jan 2021.
AGM
Varitas It Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Varitas It Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Ceased
Vrusha Patel ceased to be Additional Director.
Ceased
Bansidharbhai Manubhai Rupapra ceased to be Director.
Ceased
Hardikbhai Kanubhai Patel ceased to be Director.
Appointed
Vrusha Patel was appointed as Director.
Appointed
Pramikkumar Jayprakashbhai Patel was appointed as Director.
Incorporation
18 May 2017
Varitas It Private Limited was registered on 18 May 2017 with Roc Ahmedabad & aged 9 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Varitas IT Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Varitas IT Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Varitas IT Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Varitas IT Private Limited
Varitas IT has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCV9259E1Z3 | Gujarat | Active | 08 Jan 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Varitas IT Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Varitas IT Private Limited
Varitas IT is an active private limited company based in Vadodara, Gujarat, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 18 May 2017 (9+ years old) and is registered under CIN U72900GJ2017PTC097409.
Varitas IT reported revenue of ₹5.07 Lakh for FY 2023 (up 18% YoY).
Varitas IT has 2 current directors:
- Vrusha Patel - Director
- Pramikkumar Jayprakashbhai Patel - Director
Varitas IT reported a net loss of ₹14.4 Lakh (net margin -284.3%) and EBITDA of -₹12.89 Lakh (EBITDA margin -254.5%) for FY 2023, as per its filed financial statements.
The GSTIN of Varitas IT is 24AAFCV9259E1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Varitas IT is U72900GJ2017PTC097409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varitas IT was incorporated on 18 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varitas IT by revenue are Skyaltum Global Services Private Limited, Chhapoliya Software Private Limited, Flexon Marketing Services Private Limited, First Seo Scrapers Private Limited, Pixilex Creations Private Limited and 5 more, all in the Media and Publishing industry (Advertising Agencies).
Vrusha Patel ceased to be Additional Director on 01 Jan 2021. Bansidharbhai Manubhai Rupapra ceased to be Director on 17 Mar 2020. Hardikbhai Kanubhai Patel ceased to be Director on 17 Mar 2020. Varitas IT has 5 board changes on record in total.
Yes, Varitas IT is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0000258).
Varitas IT can be reached through the website varitasit.com. Its registered office is in Vadodara, Gujarat, India.