About Varuna Electric
Varuna Electric is a company based in Ahmedabad (India) founded in 1935, and was acquired by Kirloskar Oil Engines in September 2022. Manufacturer and exporter of submersible and monoblock pumps, known for their seamless performance. The company has 411 employees. Its chief executive, as recorded, is Yusuf Ikbal. Its Indian entity Koel Fluid Dynamics Private Limited reported revenue of ₹1,146 Cr.
Company details
Varuna Electric was founded in 1935 and is headquartered in Ahmedabad, India. Operations focus on the manufacturing and exporting of submersible and monoblock pumps within the industrial equipment sector. Products are distributed across India and international markets, with recognition established for reliability in performance. Leadership includes roles such as Managing Director, Owner, and CEO, supporting global outreach.
- Headquarters Ahmedabad, India
- Employees 411
- Stage Acquired
- Phone•••• ••••
- Website varunaelectric.com
- Social LinkedIn Facebook Instagram YouTube
- Acquired by Kirloskar Oil Engines (Sep 2022)
- Legal Name La-Gajjar Machineries Pvt. Ltd
- Date of Incorporation 10 Apr, 1981
- Jurisdiction Sanand, Gujarat, India
- Annual Revenue₹1,146 Cr
FY 2026 · +12% YoY
- Net Profit₹71.94 Cr
FY 2026 · 6% margin
- EBITDA₹123 Cr
FY 2026 · 11% margin
- Investors
- Employee Count411
- Acquired byKirloskar Oil Engines
(Sep 2022)
Associated legal entities of Varuna Electric
Varuna Electric is associated with 2 registered companies on The Company Check; the primary company is Koel Fluid Dynamics Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Koel Fluid Dynamics Private Limited CIN U28132GJ1981PTC004263 | Active | 10 Apr 1981 | Sanand, Gujarat | ₹1,146 Cr | 411 | 7 | View details |
| La-Gajjar Machineries Pvt. Ltd CIN U17110GJ1981PTC004263 | 10 Apr 1981 | Sanand, Gujarat, India | View details |
Apps and channels of Varuna Electric
its YouTube channel Varuna Electric has 1.61K subscribers and 30 videos.
Videos from Varuna Electric
The most watched videos on Varuna Electric's YouTube channel, Varuna Electric (1.61K subscribers). Click a video to play it here.
More on Varuna Electric.
Investors in Varuna Electric
Varuna Electric has secured backing from 1 investor. Prominent investors backing the company include Kirloskar Oil Engines.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer of air and liquid-cooled diesel engines & generator sets | 1888 | kirloskaroilengines.com | Pune, India |
Investor details for Varuna Electric
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Board of directors of Koel Fluid Dynamics Private Limited (Varuna Electric)
Koel Fluid Dynamics Private Limited is the primary company behind Varuna Electric. The board of Koel Fluid Dynamics Private Limited currently have 5 directors; the longest-serving is Gauri Atul Kirloskar, appointed in 2019. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gauri Atul Kirloskar DIN 03366274 | Director | 18 Oct 2019 | 7 yrs | Koel Fluid Dynamics Private Limited |
| Akshay Sahni DIN 00791744 | Director | 28 Jan 2022 | 4 yrs 8 mo | Koel Fluid Dynamics Private Limited |
| Ranganath Nuggehalli Krishna DIN 00004044 | Director | 28 Sep 2023 | 3 yrs | Koel Fluid Dynamics Private Limited |
| Sachin Kejriwal DIN 10797871 | Director | 18 Oct 2024 | 2 yrs | Koel Fluid Dynamics Private Limited |
| Rahul Sahai DIN 10909570 | Managing Director | 24 Jan 2025 | 1 yr 9 mo | Koel Fluid Dynamics Private Limited |
People of Varuna Electric
6 people are tracked at Varuna Electric (5 in leadership, 1 in team); the tracked headcount is 411.
| Name | Role | Group |
|---|---|---|
Aseem Srivastav | Managing Director | Leadership |
Manoj Shakya | Owner | Leadership |
Yusuf Ikbal | CEO | Leadership |
| Director | Leadership | |
| Director | Leadership | |
Divyesh Ponkia | Environment, Health And Safety Manager | Team |
Complete people profiles for Varuna Electric
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Financials of Varuna Electric
Figures of Koel Fluid Dynamics Private Limited, the primary company behind Varuna Electric, for FY 2026. Revenue was ₹1,146 Cr (+12% year on year). Net profit was ₹71.94 Cr (6% margin). EBITDA was ₹123 Cr (11% margin). Revenue has grown at a compounded annual rate of +27% over three years and +17% over five years.
- ₹1,146 CrRevenue · FY 2026 · +12% YoY
- ₹71.94 CrNet profit · 6% margin
- ₹123 CrEBITDA · 11% margin
- ₹42.14 CrPaid-up capital
- 411Employees (provident fund records)
- +27%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Koel Fluid Dynamics Private Limited are on its company page.
Detailed financial statements for Varuna Electric
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Timeline of Varuna Electric
2 dated milestones of Varuna Electric across 87 years, from founding to its latest funding, stage changes and deals.
- Founded Varuna Electric is founded.
- Exit Acquired by Kirloskar Oil Engines.
Web traffic of Varuna Electric
The website of Varuna Electric (varunaelectric.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 39.9% vs previous month
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Related news about Varuna Electric
Complete news archive for Varuna Electric
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Frequently Asked Questions about Varuna Electric
Varuna Electric was founded in 1935.
Varuna Electric is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Yusuf Ikbal is the CEO of Varuna Electric, as recorded in our data.
Varuna Electric has 411 employees.
The primary company behind Varuna Electric, Koel Fluid Dynamics Private Limited, reported revenue of ₹1,146 Cr for FY 2026, up 12% year on year.
Varuna Electric was founded in 1935 and is headquartered in Ahmedabad, India. Operations focus on the manufacturing and exporting of submersible and monoblock pumps within the industrial equipment sector. Products are distributed across India and international markets, with recognition established for reliability in performance. Leadership includes roles such as Managing Director, Owner, and CEO, supporting global outreach.
Varuna Electric has 1 investor. Key investors include Kirloskar Oil Engines.
Varuna Electric operates through Koel Fluid Dynamics Private Limited.
Yes. Varuna Electric was acquired by Kirloskar Oil Engines in September 2022.
The legal entities of Varuna Electric currently have 7 directors, including Gauri Atul Kirloskar, Akshay Sahni, Amruta Anil Thigale and others.