About VARD
VARD is a publicly listed company based in Alesund (Norway) founded in 1998. Global designers and shipbuilders of specialised vessels. VARD has completed 1 acquisition, including Storvik Aqua. Its website vard.com draws about 42 thousand monthly visits. Its Indian entity Vard Electrical Installation And Engineering (India) Private Limited reported revenue of ₹45.3 Lakh. VARD offers products and services including Ship Design and Shipbuilding. Its focus areas include Aerospace, Maritime and Defense.
Company details
VARD, established in 1998 and currently in Public stage, focuses on aerospace, maritime and defense, and aerospace engineering and design services. Global designers and shipbuilders of specialised vessels. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Alesund, Norway
- Stage Public
- SectorsAerospace, Defense & Maritime
- Website category Business and Consumer Services · Shipping and Logistics
- Email••••••••
- Phone•••• ••••
- Website vard.com
- Social LinkedIn Instagram
- Legal Name Vard Electrical Installation And Engineering (India) Private Limited
- Date of Incorporation 05 May, 2010
- Jurisdiction Kochi, Kerala, India
- Indian entity revenue₹45.3 Lakh
FY 2024 · -16% YoY
- Indian entity net loss-₹12 Lakh
FY 2024 · -26% margin
- Indian entity EBITDA-₹12 Lakh
FY 2024 · -26% margin
- Latest Funding Round$665.27K (USD), Grant
Feb 2023
- Investors
- Investments & Acquisitions
Associated legal entities of VARD
VARD operates through Vard Electrical Installation And Engineering (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vard Electrical Installation And Engineering (India) Private Limited CIN U31200KL2010PTC025955 | Active | 05 May 2010 | Ernakulam, Kerala | ₹0.5 Cr | 3 | View details |
Products & Services of VARD
VARD offers a comprehensive portfolio of products and services, including Ship Design and Shipbuilding.
Design services for vessels are provided to ensure efficiency, safety, and sustainability in marine operations
Construction of high-quality vessels is carried out to meet the specific needs of clients in various marine sectors
Funding Insights of VARD
- Total Rounds 2
- Last Round Grant — $665,272
- First Round $303,454
(Jan 2021)
- Investors Count 1
All 2 funding rounds of VARD with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $665,272 | Grant | – | – | |
| Jan 2021 | $303,454 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in VARD
VARD has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for VARD
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Board of directors of Vard Electrical Installation And Engineering (India) Private Limited (VARD)
Vard Electrical Installation And Engineering (India) Private Limited is the primary company behind VARD. The board of Vard Electrical Installation And Engineering (India) Private Limited currently have 3 directors; the longest-serving is Oystein Longva, appointed in 2014. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Oystein Longva DIN 06855006 | Director | 31 Mar 2014 | 12 yrs 6 mo | Vard Electrical Installation And Engineering (India) Private Limited |
| Bjorn Harald Nilsen DIN 09690469 | Director | 01 Aug 2022 | 4 yrs 2 mo | Vard Electrical Installation And Engineering (India) Private Limited |
| Ajith Balagangad Haran Nair DIN 11039909 | Additional Director | 05 Apr 2025 | 1 yr 6 mo | Vard Electrical Installation And Engineering (India) Private Limited |
People of VARD
5 people are tracked at VARD (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Arnulf Fuglestein | Head Of Projects | Leadership |
Christian Utvik | Senior Vice President | Leadership |
Cathrine Kristiseter Marti | CEO | Leadership |
Claudio Taboga | General Director | Leadership |
Hoang Ngoc | HSE Supervisor | Team |
Complete people profiles for VARD
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Financials of VARD
Figures of Vard Electrical Installation And Engineering (India) Private Limited, the primary company behind VARD, for FY 2024. Revenue was ₹45.3 Lakh (-16% year on year). Net loss was -₹12 Lakh (-26% margin). EBITDA was -₹12 Lakh (-26% margin). Revenue has grown at a compounded annual rate of +10% over three years and -29% over five years.
- ₹45.3 LakhRevenue · FY 2024 · -16% YoY
- -₹12 LakhNet loss · -26% margin
- -₹12 LakhEBITDA · -26% margin
- ₹1.40 CrPaid-up capital
- +10%Revenue CAGR, 3 years
- -29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vard Electrical Installation And Engineering (India) Private Limited are on its company page.
Detailed financial statements for VARD
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Investments & Acquisitions by VARD
VARD has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Storvik Aqua.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Technological infrastructure and monitoring solutions for aquaculture are supplied. | storvikaqua.no | Sunndalsora, Norway | 1985 | Oct 2016 | $4.27M |
Complete acquisition details for VARD
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Timeline of VARD
4 dated milestones of VARD across 25 years, from founding to its latest funding, stage changes and deals.
- Founded VARD is founded.
- Acquisition Acquires Storvik Aqua.
- Funding First funding round of $303K.
- Funding Latest funding round, Grant, of $665K.
Web traffic of VARD
The website of VARD (vard.com) receives about 41.7K visits a month and ranks #594,011 among all websites worldwide, #2,911 in Shipping and Logistics.
- Monthly visits41.7K
▼ 14.4% vs previous month
- Unique visitors20.4K
per month
- Global rank#594,011
among all websites
- Category rank#2,911
Business and Consumer Services · Shipping and Logistics
- Bounce rate42%
- Pages per visit2.8
- Average visit1 min 00 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with VARD. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ulstein.com | 100% | 39.8K | #927,142 | View details | |
maritime-suppliers.com | maritime-suppliers.com | 83% | – | ||
ainostri.ro | ainostri.ro | 70% | #324,933 | – | |
| marinegyaan.com | 70% | #556,465 | View details | ||
rivieramm.com | rivieramm.com | 70% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for VARD
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- 8 similar websites
- Audience overlap
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Related news about Vard
Complete news archive for VARD
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Frequently Asked Questions about VARD
VARD was founded in 1998 and raised its 1st funding round 23 years after it was founded.
VARD is headquartered in Alesund, Norway. It is registered at Alesund, Møre And Romsdal, Norway.
The primary company behind VARD, Vard Electrical Installation And Engineering (India) Private Limited, reported revenue of ₹45.3 Lakh for FY 2024, down 16% year on year.
VARD, established in 1998 and currently in Public stage, focuses on aerospace, maritime and defense, and aerospace engineering and design services. Global designers and shipbuilders of specialised vessels. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
VARD offers Ship Design and Shipbuilding.
VARD has made 1 acquisition, including Storvik Aqua.
VARD has 1 investor. Key investors include European Union.
VARD operates through Vard Electrical Installation And Engineering (India) Private Limited.
The legal entities of VARD currently have 3 directors, including Bjorn Harald Nilsen, Oystein Longva, Ajith Balagangad Haran Nair.