Hurun India Rich List 2026 edition · 2 directors
- #103 GM Rao & family ₹32,600 Cr
- #342 Srinivas Bommidala & family ₹11,000 Cr
Revenue · FY 2025
₹134.84 Cr
▲ 8% YoY
Net profit · FY 2025
₹62.53 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹6.34 Cr
EBITDA margin 4.7%
Open charges
₹24.6 Cr
Satisfied ₹85.89 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
66
Provident fund records
Directors on board
15
As per MCA filings
Active GSTINs
2
GST registered
About GMR Varalakshmi Foundation
Data last updated:
GMR Varalakshmi Foundation is a private not for profit company based in Srikakulam, Andhra Pradesh, India. It operates in the technical services segment of the education and learning sector. It was incorporated on 09 December 2003 and has been in existence for over 23 years.
Its director GM Rao and family are #103 on the Hurun India Rich List 2026. Its director Srinivas Bommidala and family are #342 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U80301AP2003NPL042195. Its GSTIN is 37AACCG6476B1ZN (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
It was formerly known as Gmr Foundation. It is led by directors including Srinivas Bommidala and Buchisanyasi Raju Grandhi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gmr Nagar Rajam Srikakulam Dist A.P., Andhra Pradesh, India – 532127.
As per the financials filed for FY 2025, the company reported a revenue of ₹134.84 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹62.53 Lakh (net margin 0.5%) and EBITDA of ₹6.34 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
The company has about 66 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹24.6 Cr and satisfied charges of ₹85.89 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmrgroup.in.
Company Details of GMR Varalakshmi Foundation
CIN U80301AP2003NPL042195
Registration Number 042195
Incorporation Date 09 December 2003
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN History of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has one previous CIN (Corporate Identification Number): L80301AP2003NPL042195. The current CIN is U80301AP2003NPL042195, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80301AP2003NPL042195 | Current |
| L80301AP2003NPL042195 | Previous |
Key People
Srinivas Bommidala Director Buchisanyasi Raju Grandhi Director Kiran Kumar Grandhi Director Recognitions & Rankings of GMR Varalakshmi Foundation
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGmr Nagar Rajam Srikakulam Dist A.P., Andhra Pradesh, India – 532127
- IndustryEducation & Learing, Technical, Vocational Education, Higher Education
Comprehensive company report
GMR Varalakshmi Foundation - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of GMR Varalakshmi Foundation
The main business activities of GMR Varalakshmi Foundation are education and hospital and medical care. In detail, this covers higher education, technical & vocational education and hospital activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education | Locked |
| Q | Hospital and Medical Care | Q1 | Hospital activities | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of GMR Varalakshmi Foundation FY 2025 filings available
GMR Varalakshmi Foundation reported revenue of ₹134.84 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹134.84 Cr ▲ 8%
Net profit · FY 2025
₹62.53 Lakh margin 0.5%
EBITDA · FY 2025
₹6.34 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR) of GMR Varalakshmi Foundation
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 11%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 2%
5 years · compounded
▼ 17%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 8% growth in the latest year. EBITDA fell 21% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of GMR Varalakshmi Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹62.53 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of GMR Varalakshmi Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of GMR Varalakshmi Foundation are in the company report.
Premium access
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has 15 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Bommidala Also directs: Varalakshmi Enterprises LLP, B S R Infrastructure LLP, Sukreeda Sports and Entertainment LLP and 5 more | Director | 29 Jun 2004 | 22 Years 3 Months | Current |
| Buchisanyasi Raju Grandhi Also directs: Varalakshmi Enterprises LLP, Sukreeda Sports and Entertainment LLP, Rosewood Realty Solutions LLP and 5 more | Director | 29 Jun 2004 | 22 Years 3 Months | Current |
| Kiran Kumar Grandhi Also directs: Sukreeda Sports and Entertainment LLP, GMR Power and Urban Infra Limited, GMR Airports Limited and 5 more | Director | 29 Jun 2004 | 22 Years 3 Months | Current |
| Grandhi Varalakshmi | Director | 09 Dec 2003 | 22 Years 10 Months | Current |
| Ramamurthy Ramakrishnan | Additional Director | 19 Feb 2025 | 1 Years 8 Months | Current |
| Som Mittal | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
Showing 6 of 15 current directors. View all directors
Peer Comparison of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation is compared with the companies closest to it by revenue in the same principal business activity (Higher education, technical & vocational education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Skill Tree Consulting Limited | ₹152.66 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Gurgaon, Haryana, India |
| Veranda XL Learning Solutions Private Limited | ₹150.98 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Chennai, Tamil Nadu, India |
| Utkarsh Classes & Edutech Private Limited | ₹149.94 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Jodhpur, Rajasthan, India |
| G D Goenka University | ₹148.66 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Intellipaat Software Solutions Private Limited | ₹146.95 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Jaipur, Rajasthan, India |
| GMR Varalakshmi Foundation this company | ₹134.84 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Srikakulam, Andhra Pradesh, India |
| Sibin Learning Cart Private Limited | ₹123.73 Cr (FY 2024) | •••• | •••• | 355.0% | •••• | Siliguri, West Bengal, India |
| Learnet Skills Limited | ₹122.18 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Lernern Private Limited | ₹112.6 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Jatni, Odisha, India |
| Motion Education Private Limited | ₹110.13 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Kota, Rajasthan, India |
| United Eduplus Private Limited | ₹109.73 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Gandhinagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below GMR Varalakshmi Foundation by revenue in the same principal business activity (Higher education, technical & vocational education), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation is audited by M BHASKARA RAO AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M BHASKARA RAO AND CO | Locked | Locked | Locked |
Premium access
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of GMR Varalakshmi Foundation
Premium access
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of GMR Varalakshmi Foundation
Open charges
₹24.6 Cr
Satisfied charges
₹85.89 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Feb 2024 | Axis Bank Limited | ₹24.6 Cr | Open |
| 30 Mar 2022 | Others | ₹3.6 Cr | Satisfied |
| 06 Apr 2013 | Others | ₹28.25 Cr | Satisfied |
| 09 Jan 2012 | Andhra Bank | ₹9.75 Cr | Satisfied |
| 30 Dec 2009 | Andhra Bank | ₹31.54 Cr | Satisfied |
Total charge records: 6 View all charges
MSME Payment Delays by GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Alliance Pro IT Private Limited | •••• | •••• | •••• |
| Digital Track Solutions Private Limited | •••• | •••• | •••• |
| Sakthi's Kitchen Private Limited | •••• | •••• | •••• |
| First Global Services Private Limited | •••• | •••• | •••• |
Premium access
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has a workforce of 66 employees as of Mar 23, 2024.
Employee count
66
Active EPFO establishments
1
Employee growth
1.54%
Premium access
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Parampara Family Business Institute | U80903KA2014NPL073297 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has 31 board changes on record since 2003: 16 appointments and 15 cessations. The latest: Ashwini Saxena was appointed as CEO on 19 Feb 2025.
AGM
Gmr Varalakshmi Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gmr Varalakshmi Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada.
Appointed
Ashwini Saxena was appointed as CEO.
Appointed
Ramamurthy Ramakrishnan was appointed as Additional Director.
Charges
A charge with Axis Bank Limited of Rs. 245,961,200.00 registered on 21 Feb 2024 with Charge ID 100882353 was modified on 13 Feb 2025.
Appointed
Nooka Satyanarayana Murthy Pulavarthi was appointed as Additional Director.
Appointed
Ramireddy Chandra Mowleeswar Reddy was appointed as Additional Director.
Charges
A charge registered on 30 Mar 2022 via Charge ID 100559656 with Others was fully satisfied on 06 Mar 2024.
Charges
A charge registered on 06 Apr 2013 via Charge ID 10421764 with Others was fully satisfied on 06 Mar 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 245,961,200.00 with Charge ID 100882353 was registered on 21 Feb 2024.
Ceased
Veerayya Chowdary Kosaraju ceased to be Additional Director.
Charges
A charge with Others of Rs. 282,500,000.00 registered on 06 Apr 2013 with Charge ID 10421764 was modified on 04 Aug 2022.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for GMR Varalakshmi Foundation
Premium access
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of GMR Varalakshmi Foundation
Premium access
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of GMR Varalakshmi Foundation
GMR Varalakshmi Foundation has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCG6476B1ZN | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AACCG6476B1ZP | Telangana | Active | 12 Jul 2017 |
Premium access
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of GMR Varalakshmi Foundation
Premium access
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about GMR Varalakshmi Foundation
Frequently Asked Questions about GMR Varalakshmi Foundation
GMR Varalakshmi Foundation is an active private not for profit company based in Srikakulam, Andhra Pradesh, India. The company works in technical, within the education and learning industry. It was incorporated on 09 December 2003 (23+ years old) and is registered under CIN U80301AP2003NPL042195.
GMR Varalakshmi Foundation reported revenue of ₹134.84 Cr for FY 2025 (up 8% YoY).
GMR Varalakshmi Foundation has 15 current directors:
- Srinivas Bommidala - Director
- Buchisanyasi Raju Grandhi - Director
- Kiran Kumar Grandhi - Director
- Grandhi Varalakshmi - Director
- Ramamurthy Ramakrishnan - Additional Director
- Som Mittal - Director
- Grandhi Mallikarjuna Rao - Director
- Bommidala Ramadevi - Director
- Veerayya Chowdary Kosaraju - Director
- Satyavathi Smitha Grandhi - Director
- Venkatanageswararao Boda - Director
- Maheshwer Peri - Director
- Ramireddy Chandra Mowleeswar Reddy - Additional Director
- Grandhi Ragini - Director
- Nooka Satyanarayana Murthy Pulavarthi - Additional Director
GMR Varalakshmi Foundation reported a net profit of ₹62.53 Lakh (net margin 0.5%) and EBITDA of ₹6.34 Cr (EBITDA margin 4.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of GMR Varalakshmi Foundation is 11% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of GMR Varalakshmi Foundation is 37AACCG6476B1ZN, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AACCG6476B1ZP (Telangana).
The CIN (Corporate Identification Number) of GMR Varalakshmi Foundation is U80301AP2003NPL042195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GMR Varalakshmi Foundation was incorporated on 09 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of GMR Varalakshmi Foundation by revenue are Skill Tree Consulting Limited, Veranda XL Learning Solutions Private Limited, Utkarsh Classes & Edutech Private Limited, G D Goenka University, Intellipaat Software Solutions Private Limited and 5 more, all in the same principal business activity (Higher education, technical & vocational education).
Ashwini Saxena was appointed as CEO on 19 Feb 2025. Ramamurthy Ramakrishnan was appointed as Additional Director on 19 Feb 2025. Nooka Satyanarayana Murthy Pulavarthi was appointed as Additional Director on 20 Nov 2024. GMR Varalakshmi Foundation has 31 board changes on record in total.
GMR Varalakshmi Foundation has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 25 May 2019.
GMR Varalakshmi Foundation can be reached through the website gmrgroup.in. Its registered office is in Srikakulam, Andhra Pradesh, India.