About Varmora Plastech
Varmora Plastech is a company based in Ahmedabad (India) founded in 2013 by Bhavesh Varmora. Varmora Plastech has raised $6.28 million across 4 funding rounds from investors including Gujarat Venture Finance, Shri Maruti Industries and Sunshine Fasteners. The company has 92 employees.
- Headquarter Ahmedabad, India
- Employees 92
- Founders Bhavesh Varmora
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website varmoraplastech.com
- Social LinkedIn X Facebook
- Legal Name Varmora Plastech Private Limited
- Date of Incorporation 01 May, 2013
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹63.17 Cr
FY 2025 · -6% YoY
- Net Loss-₹1.89 Cr
FY 2025 · -3% margin
- EBITDA₹5.57 Cr
FY 2025 · 9% margin
- Total Equity Funding$6.28 M (USD)
in 4 rounds
- Latest Funding Round$4.62 M (USD), Series A
Mar 31, 2017
- InvestorsGujarat Venture Finance
& 5 more
- Employee Count92
Associated legal entities of Varmora Plastech
Varmora Plastech operates through Varmora Plastech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Varmora Plastech Private Limited CIN U28112GJ2013PTC074802 | Active | 01 May 2013 | Ahmedabad, Gujarat | ₹63.2 Cr | 92 | 5 | View details |
Funding Insights of Varmora Plastech
Varmora Plastech has successfully raised a total of $6.28M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.62 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $6.3M
- Total Rounds 4
- Last Round Series A — $4.6M
- First Round $1.3M
(12 Sep 2013)
- Investors Count 6
All 4 funding rounds of Varmora Plastech 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 |
|---|---|---|---|---|---|
| 31 Mar 2017 | $4.6M | Series A | $16.9M | Gujarat Venture Finance | – |
| 16 Jan 2015 | $274,496 | Seed | $5.8M | Shri Maruti Industries | – |
| 02 Sep 2014 | $46,047 | Angel Round | $••••• | – | – |
| 12 Sep 2013 | $1.3M | Seed | $••••• | Sunshine Fasteners |
| Date | Valuation | Stage |
|---|---|---|
| 31 Mar 2017 | $16.9M | •••••••• |
| 16 Jan 2015 | $5.8M | •••••••• |
| 02 Sep 2014 | $••••• | •••••••• |
| 12 Sep 2013 | $••••• | •••••••• |
Full valuation and stage history of Varmora Plastech
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $16.9M (Mar 2017). 6 investors in total: 6 institutional.
Investors in Varmora Plastech
Varmora Plastech has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Gujarat Venture Finance, Shri Maruti Industries and Sunshine Fasteners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Manufacturing of stainless steel fasteners and related industrial products. | – | sunshinefasteners.com | - | |
- | – | samruddhilubes.tcc.mode | - | |
- | – | umiyafertilizers.tcc.mode | - | |
- | – | rajacottanindustries.tcc.mode | - | |
- | – | shrimarutiindustries.tcc.mode | - |
Investor details for Varmora Plastech
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Board of directors of Varmora Plastech Private Limited (Varmora Plastech)
Varmora Plastech Private Limited is the primary company behind Varmora Plastech. The board of Varmora Plastech Private Limited currently have 3 directors; the longest-serving is Bhavesh Vallabhdas Varmora, appointed in 2017. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavesh Vallabhdas Varmora DIN 02718600 | Director | 18 Mar 2017 | 9 yrs 6 mo | Varmora Plastech Private Limited |
| Hirenbhai Ramanbhai Patel DIN 02110255 | Director | 18 Mar 2017 | 9 yrs 6 mo | Varmora Plastech Private Limited |
| Rajkumar Prakashbhai Varmora DIN 09711941 | Director | 01 Sep 2022 | 4 yrs 1 mo | Varmora Plastech Private Limited |
People of Varmora Plastech
3 people are tracked at Varmora Plastech (3 in leadership); the tracked headcount is 92.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chairman | Leadership | |
Shailesh Patel | Managing Director | Leadership |
Hitesh Panchal | CEO & Director | Leadership |
Complete people profiles for Varmora Plastech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Varmora Plastech
Figures of Varmora Plastech Private Limited, the primary company behind Varmora Plastech, for FY 2025. Revenue was ₹63.17 Cr (-6% year on year). Net loss was -₹1.89 Cr (-3% margin). EBITDA was ₹5.57 Cr (9% margin). Revenue has grown at a compounded annual rate of -5% over three years and +4% over five years.
- ₹63.17 CrRevenue · FY 2025 · -6% YoY
- -₹1.89 CrNet loss · -3% margin
- ₹5.57 CrEBITDA · 9% margin
- ₹10.49 CrPaid-up capital
- 92Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Varmora Plastech Private Limited are on its company page.
Detailed financial statements for Varmora Plastech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Varmora Plastech
4 dated milestones of Varmora Plastech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Varmora Plastech is founded.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.6M.
Latest news on Varmora Plastech
Complete news archive for Varmora Plastech
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Varmora Plastech
10 companies that operate in the same segment as Varmora Plastech (Home & Living Products), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 527.28 M | – | – | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | – | |
Provider of FMCG conglomerate products | 1837 | United States | – | USD 457.23 M | 923 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Multi-category home improvement products are sold online by Wayfair. | 2002 | Boston, Massachusetts, United States | USD 523.3 M | USD 12.46 B | 13,500 | |
AI-enabled smart mattress covers and thermoregulated bedding are provided. | 2014 | New York, New York, United States | USD 325.12 M | – | 61 | |
Multi-category home improvement products are sold through an internet-first brand. | 2010 | London, England, United Kingdom | USD 135.9 M | – | – | |
Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment | 1924 | Osaka, Osaka Prefecture, Japan | – | USD 29.47 B | 96,337 | |
Mattresses and bedding are provided by an internet-first brand. | 2014 | New York, New York, United States | USD 341.3 M | – | – | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Frequently Asked Questions about Varmora Plastech
Varmora Plastech was founded in 2013.
Varmora Plastech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Hitesh Panchal is the current CEO of Varmora Plastech.
Varmora Plastech is a funded company, having raised a total of $6.28M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.33M, raised on Sep 12, 2013.
Varmora Plastech has 92 employees.
The primary company behind Varmora Plastech, Varmora Plastech Private Limited, reported revenue of ₹63.17 Cr for FY 2025, down 6% year on year.
Varmora Plastech was founded in 2013 and is based in Ahmedabad, India. Operations focus on the production and export of plastic houseware items within the consumer goods sector. A variety of products is offered, such as bottles, tiffins, dinner sets, dry storage containers, jugs, lunch boxes, and bathroom accessories. Distribution occurs internationally from the Indian facility.
Varmora Plastech has 6 investors. Key investors include Gujarat Venture Finance, Shri Maruti Industries, Sunshine Fasteners, Samruddhi Lubes, and Umiya Fertilizers.
The valuation of Varmora Plastech is $16.92M as of Mar 2017.
Varmora Plastech operates through Varmora Plastech Private Limited.
The legal entities of Varmora Plastech currently have 5 directors, including Bhavesh Vallabhdas Varmora, Rajkumar Prakashbhai Varmora, Hirenbhai Ramanbhai Patel and others.