About Akshaya Vari Technology Private Limited
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Akshaya Vari Technology Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the water treatment segment of the water treatment and management sector. It was incorporated on 10 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2015PTC099595. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kothanda Raman and Bhuvaneswari Sankarbabu.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.43 Canal Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.18 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹5.98 Lakh (net margin -115.5%) and EBITDA of -₹5.77 Lakh (EBITDA margin -111.3%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years.
The company is associated with 1 brand: Akshayavari.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akshayavari.in.
Company details
Contact details
Akshaya Vari Technology Private Limited's registered office is in Chennai, Tamil Nadu. Its website is akshayavari.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.43 Canal Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryWater Treatment, Water Treatment
To see the full contact details of Akshaya Vari Technology Private Limited, buy the company report.
- 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
Brands
Akshaya Vari Technology operates one associated brand: Akshayavari. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| akshayavari.in |
Business activity
The main business activity of Akshaya Vari Technology is water supply, sewerage and waste management. In detail, this covers water collection, treatment and supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply |
To see the full business activity and turnover split of Akshaya Vari Technology Private Limited, buy the company report.
Financials of Akshaya Vari Technology Private Limited
FY 2019 filings availableAkshaya Vari Technology Private Limited reported revenue of ₹5.18 Lakh (down 19% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA fell 264% 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.18 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹5.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.98 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -111.3% | ||||
| Net Profit Margin | -115.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Akshaya Vari Technology Private Limited, buy the company report.
Board of directors of Akshaya Vari Technology Private Limited
Akshaya Vari Technology has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kothanda Raman Also directs: Solarco Tech Private Limited, Access Contec Private Limited, Apc Imart Private Limited and 5 more | Director | 10 Mar 2015 | 11 Years 7 Months | Current |
| Bhuvaneswari Sankarbabu | Director | 10 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Akshaya Vari Technology Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Waterquest Hydroresources Management India Private Limited | ₹5.62 Lakh (FY 2024) | -25.0% | Ahmedabad, Gujarat, India | |||
| Pragati Procon Private Limited | ₹5.6 Lakh (FY 2020) | 179.0% | Kolkata, West Bengal, India | |||
| Adhriti Industries (OPC) Private Limited | ₹5.47 Lakh (FY 2025) | -12.0% | Haridwar, Uttarakhand, India | |||
| Eunoia Innovations Private Limited | ₹5.41 Lakh (FY 2025) | -56.0% | Secunderabad, Telangana, India | |||
| Akshaya Vari Technology Private Limitedthis company | ₹5.18 Lakh (FY 2019) | -₹5.98 Lakh | -115.5% | -19.0% | Chennai, Tamil Nadu, India | |
| Necqua Food & Beverages Private Limited | ₹5.15 Lakh (FY 2023) | 115.0% | Ghaziabad, Uttar Pradesh, India | |||
| Iontreat India Private Limited | ₹4.71 Lakh (FY 2019) | Hyderabad, Telangana, India | ||||
| Jeevan Trishna Package Drinking Water Private Limited | ₹4.7 Lakh (FY 2016) | -49.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Akshaya Vari Technology Private Limited, buy the company report.
Auditor
Akshaya Vari Technology Private Limited is audited by RAJATHI S for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJATHI S | FY 2017 | 232718 |
Shareholding
The shareholding of Akshaya Vari Technology Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akshaya Vari Technology Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akshaya Vari Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akshaya Vari Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshaya Vari Technology has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Akshaya Vari Technology Private Limited, buy the company report.
Recent activity
Akshaya Vari Technology Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Sampath Kumar Arun ceased to be Nominee Director on 19 Jan 2016.
Frequently asked questions
Akshaya Vari Technology is an active private limited company based in Chennai, Tamil Nadu, India. The company works in the water treatment industry. It was incorporated on 10 March 2015 (11+ years old) and is registered under CIN U74900TN2015PTC099595.
Akshaya Vari Technology has 2 current directors:
- Kothanda Raman - Director
- Bhuvaneswari Sankarbabu - Director
The latest financial statements of Akshaya Vari Technology on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Akshaya Vari Technology has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Akshaya Vari Technology is U74900TN2015PTC099595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshaya Vari Technology was incorporated on 10 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Akshaya Vari Technology by revenue are Waterquest Hydroresources Management India Private Limited, Pragati Procon Private Limited, Adhriti Industries (OPC) Private Limited, Eunoia Innovations Private Limited, Necqua Food & Beverages Private Limited and 2 more, all in the same principal business activity (water collection, treatment and supply).
Sampath Kumar Arun ceased to be Nominee Director on 19 Jan 2016. Bhuvaneswari Sankarbabu was appointed as Director on 10 Mar 2015. Kothanda Raman was appointed as Director on 10 Mar 2015.
Akshaya Vari Technology can be reached through the website akshayavari.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Akshaya Vari Technology is at No.43 Canal Road Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
Akshaya Vari Technology operates in the water treatment industry.