About Varam Capital
Varam Capital is a Financial Services company based in Chennai (India) founded in 2011, and was acquired by Dvara KGFS in April 2019. Micro loans are extended to borrowers in Tamil Nadu. The company has 181 employees. Its Indian entity Varam Capital Private Limited reported revenue of ₹12.67 Cr. Its focus areas include Microfinance, Microcredit and Sustainability Tech. Its competitors include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank; 3 of its 3 listed competitors have raised funding.
Company details
Varam Capital was established in 2011 and is headquartered in Chennai, India. Focus is placed on the microfinance sector, where small-scale loans are disbursed to individuals and small enterprises in Tamil Nadu. Operations involve assessing credit needs and facilitating quick access to funds for low-income groups. The companys domain, varam.in, supports these activities across rural and urban areas in the region.
- Headquarters Chennai, India
- Employees 181
- Stage Acquired
- SectorsFinancial Services
- Website varam.in
- Social LinkedIn X Facebook
- Acquired by Dvara KGFS (Apr 2019)
- Legal Name Varam Capital Private Limited
- Date of Incorporation 09 Sep, 1991
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹12.67 Cr
FY 2019 · -41% YoY
- Net Profit₹5.01 Cr
FY 2019 · 40% margin
- EBITDA₹15.16 Cr
FY 2019 · 120% margin
- Investors
- Employee Count181
- Acquired byDvara KGFS
(Apr 2019)
Associated legal entities of Varam Capital
Varam Capital operates through Varam Capital Private Limited (dissolved (liquidated)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Varam Capital Private Limited CIN U65993TN1991PTC087497 | Dissolved (Liquidated) | 09 Sep 1991 | Chennai, Tamil Nadu | ₹12.7 Cr | 181 | 4 | View details |
Investors in Varam Capital
Varam Capital has secured backing from 1 investor. Prominent investors backing the company include Dvara KGFS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Loans for consumers and SMEs are provided alongside financial services. | 2008 | dvarakgfs.com | Chennai, India |
Investor details for Varam Capital
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Board of directors of Varam Capital Private Limited (Varam Capital)
Varam Capital Private Limited is the primary company behind Varam Capital. The board of Varam Capital Private Limited currently have 3 directors; the longest-serving is Hemalatha Rajan, appointed in 2011. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemalatha Rajan DIN 00115674 | Director | 24 Mar 2011 | 15 yrs 7 mo | Varam Capital Private Limited |
| Aparna Madhu DIN 07230084 | Company Secretary | 25 Sep 2018 | 8 yrs 1 mo | Varam Capital Private Limited |
| Venkatesan Suresh DIN 08424295 | Additional Director | 17 Apr 2019 | 7 yrs 6 mo | Varam Capital Private Limited |
Financials of Varam Capital
Figures of Varam Capital Private Limited, the primary company behind Varam Capital, for FY 2019. Revenue was ₹12.67 Cr (-41% year on year). Net profit was ₹5.01 Cr (40% margin). EBITDA was ₹15.16 Cr (120% margin). Revenue has grown at a compounded annual rate of -7% over three years.
- ₹12.67 CrRevenue · FY 2019 · -41% YoY
- ₹5.01 CrNet profit · 40% margin
- ₹15.16 CrEBITDA · 120% margin
- ₹9.77 CrPaid-up capital
- 181Employees (provident fund records)
- -7%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Varam Capital Private Limited are on its company page.
Detailed financial statements for Varam Capital
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Timeline of Varam Capital
2 dated milestones of Varam Capital across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Varam Capital is founded.
- Exit Acquired by Dvara KGFS.
Competitors of Varam Capital
Varam Capital has 3 listed competitors in our database, 3 of them funded. They include Ujjivan Small Finance Bank, Jana Small Finance Bank and AU Small Finance Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ujjivansfb.in | 2005 | Bengaluru, India | $153.96M | 22,566 | Small finance services are extended to underserved segments in India. | |
| janabank.com | 1999 | Bengaluru, India | $814.02M | 29,388 | Microfinance bank | |
| aubank.in | 1996 | Jaipur, India | $118M | 31,943 | Collateralised loans for commercial vehicles are extended to rural entrepreneurs. |
Detailed competitors of Varam Capital
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Top companies in Microfinance
3 companies that operate in the same segment as Varam Capital (Microfinance) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Microfinance banking services are offered in India by ESAF. | 1992 | Thrissur, Kerala, India | USD 101.74 M | USD 474.19 M | 12,520 | |
Micro loans for businesses are offered by this NBFC. | 1990 | Delhi, Delhi, India | USD 40 M | USD 310.26 M | 752 | |
Provider of microloans | 2010 | Delhi, Delhi, India | USD 71.68 M | 12,403 |
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Frequently Asked Questions about Varam Capital
Varam Capital was founded in 2011.
Varam Capital is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Varam Capital has 181 employees.
The primary company behind Varam Capital, Varam Capital Private Limited, reported revenue of ₹12.67 Cr for FY 2019, down 41% year on year.
Varam Capital was established in 2011 and is headquartered in Chennai, India. Focus is placed on the microfinance sector, where small-scale loans are disbursed to individuals and small enterprises in Tamil Nadu. Operations involve assessing credit needs and facilitating quick access to funds for low-income groups. The companys domain, varam.in, supports these activities across rural and urban areas in the region.
Varam Capital's top competitors include AU Small Finance Bank, Ujjivan Small Finance Bank and Jana Small Finance Bank.
Varam Capital has 1 investor. Key investors include Dvara KGFS.
Varam Capital operates through Varam Capital Private Limited.
Yes. Varam Capital was acquired by Dvara KGFS in April 2019.
The legal entities of Varam Capital currently have 3 directors, including Venkatesan Suresh, Aparna Madhu, Hemalatha Rajan.