About VAR Electrochem
VAR Electrochem is a Chemicals & Materials company based in Hyderabad (India) founded in 1997 by Luke Beck. It provides technology solutions for battery systems. It operates on a B2B model. The company has 84 employees. Its chief executive is Luke Beck. Its Indian entity Var Electrochem Private Limited reported revenue of ₹58.42 Cr. Its focus areas include Energy, Battery Technology, Energy Solutions and Battery Services. Similar companies include SunPower, 24m Technologies, Sunwoda Electronic, Amprius Technologies and Enovix and 4 more; 7 of its 9 listed similar companies have raised funding.
Company details
VAR Electrochem operates with a B2B model, focusing on working in the energy sector, innovating battery solutions, energy solutions, and battery services. Provides technology solutions for battery systems. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Hyderabad, India
- Employees 84
- Founders Luke Beck
- SectorsChemicals & Materials
- Website varelectrochem.in
- Legal Name Var Electrochem Private Limited
- Date of Incorporation 19 Nov, 1997
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹58.42 Cr
FY 2023 · -13% YoY
- Net Profit₹50.6 Lakh
FY 2023
- EBITDA₹45 Lakh
FY 2023 · 1% margin
- Employee Count84
Associated legal entities of VAR Electrochem
VAR Electrochem operates through Var Electrochem Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Var Electrochem Private Limited CIN U31402TG1997PTC028377 | Active | 19 Nov 1997 | Hyderabad, Telangana | ₹58.4 Cr | 84 | 4 | View details |
Board of directors of Var Electrochem Private Limited (VAR Electrochem)
Var Electrochem Private Limited is the primary company behind VAR Electrochem. The board of Var Electrochem Private Limited currently have 4 directors; the longest-serving is Raghuvarma Kothapally, appointed in 1997. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raghuvarma Kothapally DIN 00928190 | Whole-time director | 30 Nov 1997 | 28 yrs 10 mo | Var Electrochem Private Limited |
| Michel Hainaut DIN 07762133 | Director | 17 May 2017 | 9 yrs 5 mo | Var Electrochem Private Limited |
| Bruno Tardiveau DIN 07762317 | Director | 17 May 2017 | 9 yrs 5 mo | Var Electrochem Private Limited |
| Anne Louise Sennet DIN 08744732 | Director | 23 Dec 2020 | 5 yrs 9 mo | Var Electrochem Private Limited |
People of VAR Electrochem
1 people are tracked at VAR Electrochem (1 in leadership); the tracked headcount is 84.
| Name | Role | Group |
|---|---|---|
Luke Beck | Founder, CEO | Leadership |
Complete people profiles for VAR Electrochem
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of VAR Electrochem
Figures of Var Electrochem Private Limited, the primary company behind VAR Electrochem, for FY 2023. Revenue was ₹58.42 Cr (-13% year on year). Net profit was ₹50.6 Lakh. EBITDA was ₹45 Lakh (1% margin). Revenue has grown at a compounded annual rate of +98% over three years and +66% over five years.
- ₹58.42 CrRevenue · FY 2023 · -13% YoY
- ₹50.6 LakhNet profit
- ₹45 LakhEBITDA · 1% margin
- ₹17.6 LakhPaid-up capital
- 84Employees (provident fund records)
- +98%Revenue CAGR, 3 years
- +66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Var Electrochem Private Limited are on its company page.
Detailed financial statements for VAR Electrochem
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to VAR Electrochem
VAR Electrochem has 9 listed similar companies in our database, 7 of them funded. They include SunPower, 24m Technologies, Sunwoda Electronic, Amprius Technologies and Enovix, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunpower.com | 1985 | San Jose, United States | $171.73M | 1,889 | Silicon-based solar PV modules are manufactured for diverse applications. | |
| 24-m.com | 2010 | Cambridge, United States | $500M | 147 | Semi-solid lithium-ion batteries are developed to address manufacturing issues. | |
| sunwoda.com | 1997 | Shenzhen, China | – | 105 | Manufacturer of lithium battery modules | |
| amprius.com | 2009 | Fremont, United States | $55M | 64 | Silicon nanowire-based Li-Ion batteries are developed for high energy density. | |
| enovix.com | 2006 | Fremont, United States | $125.03M | 332 | Lithium-ion battery cells are developed with 3D silicon anode technology. | |
| farasis.com | 2002 | Nanchang, China | $793M | 7,113 | Farasis Energy is engaged in sustainable energy solutions development. | |
| electrovaya.com | 1997 | Mississauga, Canada | – | – | Lithium-ion batteries and management systems are manufactured for key industries. | |
| solidpowerbattery.com | 2011 | Louisville, United States | $182.02M | 270 | Solid-state lithium-ion batteries are developed with solid electrolyte layers. | |
| britishvolt.com | 2019 | London, United Kingdom | $263.46M | 9 | Lithium-ion batteries for electric vehicles are manufactured by Britishvolt. |
Detailed similar companies of VAR Electrochem
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Battery & Advanced Material Systems
10 companies that operate in the same segment as VAR Electrochem (Battery & Advanced Material Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.01 B | USD 101.33 M | 410 | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 | |
Mycelium-based leather alternative fabrics are manufactured and provided. | 2009 | Emeryville, California, United States | USD 219.4 M | USD 1.37 M | 22 | |
Bio-based materials from mycelium are manufactured as sustainable leather alternatives. | 2013 | Emeryville, California, United States | USD 225.3 M | – | – | |
Manufacturer of carbon fiber composites for multiple industrial applications | 2018 | Berkeley, California, United States | USD 233.13 M | – | – | |
Developr of bio-based products and natural compounds for biotechnological solutions | 1993 | Zwingenberg, Hesse, Germany | – | – | – | |
Sustainable biodegradable materials are developed using mycelium technology. | 2007 | Albany, United States | USD 183.93 M | – | 106 | |
Technology is developed to convert carbon dioxide into raw materials. | 2011 | Macclesfield, Cheshire, United Kingdom | USD 43.19 M | – | – | |
Meta-optic materials are manufactured for applications in sensing and electronics. | 2016 | Weston, Florida, United States | USD 47.4 M | – | 26 | |
Biodegradable packaging materials are manufactured from crop stubble waste. | 2020 | Delhi, Delhi, India | USD 3.45 M | USD 45.41 K | 55 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about VAR Electrochem
VAR Electrochem was founded in 1997.
VAR Electrochem is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Luke Beck is the current CEO of VAR Electrochem. They have also founded this company.
VAR Electrochem has 84 employees.
The primary company behind VAR Electrochem, Var Electrochem Private Limited, reported revenue of ₹58.42 Cr for FY 2023, down 13% year on year.
VAR Electrochem operates with a B2B model, focusing on working in the energy sector, innovating battery solutions, energy solutions, and battery services. Provides technology solutions for battery systems. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
VAR Electrochem's top competitors include SunPower, 24m Technologies and Enovix.
VAR Electrochem operates through Var Electrochem Private Limited.
The legal entities of VAR Electrochem currently have 4 directors, including Michel Hainaut, Bruno Tardiveau, Raghuvarma Kothapally and others.