MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-TS-20-0013534
Var Electrochem Private Limited - energy and power in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹58.42 Cr
▼ 13% YoY
Net profit · FY 2023
₹50.62 Lakh
Net margin 0.9%
EBITDA · FY 2023
₹44.97 Lakh
EBITDA margin 0.8%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹17.63 Lakh
Issued & subscribed
Open charges
₹18.5 Cr
Satisfied ₹3.28 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
84
Provident fund records
About Var Electrochem Private Limited
Data last updated:
Var Electrochem Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 19 November 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U31402TG1997PTC028377. Its GSTIN is 36AABCV2450M1Z6 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹17.63 Lakh. It is led by directors including Raghuvarma Kothapally (Whole-Time Director) and Michel Hainaut.
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at 201/3 Phase – II Sector – III Lane – V Ida Cherlapally, Hyderabad, Telangana, India – 500051.
As per the financials filed for FY 2023, the company reported a revenue of ₹58.42 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹50.62 Lakh (net margin 0.9%) and EBITDA of ₹44.97 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 98% over three years and 66% over five years.
The company has about 84 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: VAR Electrochem. As per MCA filings, the company has open charges of ₹18.5 Cr and satisfied charges of ₹3.28 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 5 deals on record (5 secondary share transfers); the latest was in January 2022. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is JSL Industries Limited with revenue of ₹59.04 Cr.
Var Electrochem Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0013534). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varelectrochem.in.
Company Details of Var Electrochem Private Limited
CIN U31402TG1997PTC028377
Registration Number 028377
Incorporation Date 19 November 1997
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 June 2025
Date of Balance Sheet 31 December 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-20-0013534
CIN History of Var Electrochem Private Limited
Var Electrochem has one previous CIN (Corporate Identification Number): U31402AP1997PTC028377. The current CIN is U31402TG1997PTC028377, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31402TG1997PTC028377 | Current |
| U31402AP1997PTC028377 | Previous |
Key People
Raghuvarma Kothapally Whole-Time Director Michel Hainaut Director Bruno Tardiveau Director Recognitions & Rankings of Var Electrochem
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address201/3 Phase – II Sector – III Lane – V Ida Cherlapally, Hyderabad, Telangana, India – 500051
- IndustryEnergy and Power, Power Equipment Manufacturers
Comprehensive company report
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Associated Brands with Var Electrochem Private Limited
Var Electrochem operates one associated brand: VAR Electrochem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides technology solutions for battery systems. | varelectrochem.in |
Financials of Var Electrochem Private Limited FY 2024 filings available
Var Electrochem Private Limited reported revenue of ₹58.42 Cr (down 13% YoY) for FY 2023.
Revenue · FY 2023
₹58.42 Cr ▼ 13%
Net profit · FY 2023
₹50.62 Lakh margin 0.9%
EBITDA · FY 2023
₹44.97 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR) of Var Electrochem Private Limited
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 98%
5 years · compounded
▲ 66%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 30%
5 years · compounded
▼ 3%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 66%. EBITDA fell 11% 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 Var Electrochem Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹44.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹50.62 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 Var Electrochem Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Var Electrochem are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Var Electrochem Private Limited
Var Electrochem has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michel Hainaut Also directs: Aps-Asb Private Limited | Director | 17 May 2017 | 9 Years 5 Months | Current |
| Bruno Tardiveau Also directs: Aps-Asb Private Limited | Director | 17 May 2017 | 9 Years 5 Months | Current |
| Raghuvarma Kothapally | Whole-Time Director | 30 Nov 1997 | 28 Years 10 Months | Current |
| Anne Louise Sennet Also directs: Aps-Asb Private Limited | Director | 23 Dec 2020 | 5 Years 9 Months | Current |
Peer Comparison of Var Electrochem Private Limited
Var Electrochem Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSL Industries Limited Listed | ₹59.04 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Anand, Gujarat, India |
| Samhita Technologies Private Limited | ₹59.04 Cr (FY 2025) | •••• | •••• | 170.0% | •••• | Rohini, Delhi, India |
| Ventrex Energy Private Limited | ₹58.92 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Ratangarh, Rajasthan, India |
| Acs Engitech Private Limited | ₹58.74 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
| Maniratnam Gems Private Limited | ₹58.45 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Beawar, Rajasthan, India |
| Var Electrochem Private Limited this company | ₹58.42 Cr (FY 2023) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Youngseong India Private Limited | ₹57.68 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Pune, Maharashtra, India |
| Ra Powergen Engineers Private Limited | ₹57.66 Cr (FY 2015) | •••• | •••• | -46.0% | •••• | Bangalore, Karnataka, India |
| Green Era Enertech Private Limited | ₹57.6 Cr (FY 2024) | •••• | •••• | 74.0% | •••• | Rajkot, Gujarat, India |
| Alpha Arc Private Limited | ₹57.45 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Kalka Energy Private Limited | ₹57.19 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Var Electrochem by revenue in the Power industry (Power Equipment Manufacturers), 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 Var Electrochem Private Limited
Var Electrochem Private Limited is audited by D V A K & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D V A K & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Var Electrochem Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Var Electrochem Private Limited
Open charges
₹18.5 Cr
Satisfied charges
₹3.28 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jan 2025 | State Bank of India | ₹18.5 Cr | Open |
| 20 Jun 2014 | Others | ₹2.16 Cr | Satisfied |
| 14 Dec 1998 | State Bank of Kyderabad | ₹1.12 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Var Electrochem Private Limited
Var Electrochem Private Limited has 5 deals on record (5 secondary share transfers); the latest was in January 2022.
Total deals
5
Secondary share transfers
5
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Var Electrochem Private Limited
Var Electrochem Private Limited has 3 court cases on record: 3 filed by Var Electrochem. 2 cases are pending and 1 is disposed. Status as checked on 21 Sep 2026.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 0 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chennai | Interim or miscellaneous application | Filed by the company against Telangana Industrial Infrastructure Corporation Ltd and 1 other | Pending |
| NCLAT, Chennai | Insolvency matter | Filed by the company against Commissioner Telangana Industrial Infrastructure Corporation Ltd and 1 other | Pending |
| NCLAT, Chennai | Interim or miscellaneous application | Filed by the company against Telangana Industrial Infrastructure Corporation Ltd and 1 other | Disposed |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Var Electrochem Private Limited
Var Electrochem Private Limited has a workforce of 84 employees as of Apr 01, 2024.
Employee count
84
Active EPFO establishments
1
Employee growth
10.53%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Var Electrochem Private Limited
Var Electrochem Private Limited has 16 board changes on record since 1997: 10 appointments and 6 cessations. The latest: Venkata Ramu Katkuri ceased to be Director on 11 Apr 2024.
AGM
Var Electrochem Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 1,850.00 Lakh with Charge ID 101046337 was registered on 18 Jan 2025.
Filing
Var Electrochem Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Hyderabad.
Ceased
Venkata Ramu Katkuri ceased to be Director.
Appointed
Anne Louise Sennet was appointed as Director.
Ceased
Guy Patrick De Broglie ceased to be Director.
Charges
A charge registered on 20 Jun 2014 via Charge ID 10508709 with Others was fully satisfied on 10 Oct 2018.
Ceased
Satyanarayana Murthy Ganta ceased to be Whole-Time Director.
Appointed
Bruno Tardiveau was appointed as Director.
Appointed
Guy Patrick De Broglie was appointed as Director.
Appointed
Michel Hainaut was appointed as Director.
Appointed
Venkata Ramu Katkuri was appointed as Director.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Var Electrochem Private Limited
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MSME Payment Delays by Var Electrochem Private Limited
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Subsidiaries & Group Companies of Var Electrochem Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Var Electrochem Private Limited
Var Electrochem has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCV2450M1Z6 | Telangana | Active | 01 Jul 2017 |
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MCA Filings & Documents of Var Electrochem Private Limited
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Frequently Asked Questions about Var Electrochem Private Limited
Var Electrochem is an active private limited company based in Hyderabad, Telangana, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 19 November 1997 (29+ years old) and is registered under CIN U31402TG1997PTC028377.
Var Electrochem reported revenue of ₹58.42 Cr for FY 2023 (down 13% YoY).
Var Electrochem has 4 current directors:
- Raghuvarma Kothapally - Whole-Time Director
- Michel Hainaut - Director
- Bruno Tardiveau - Director
- Anne Louise Sennet - Director
Var Electrochem reported a net profit of ₹50.62 Lakh (net margin 0.9%) and EBITDA of ₹44.97 Lakh (EBITDA margin 0.8%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Var Electrochem is 98% over three years and 66% over five years. In the latest year (FY 2023) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Var Electrochem is 36AABCV2450M1Z6, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Var Electrochem is U31402TG1997PTC028377. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Var Electrochem has 3 court cases on record: 3 filed by the company. 2 are pending.
Var Electrochem was incorporated on 19 November 1997, making it 29+ years old. It is registered with the Registrar of Companies, Hyderabad.
Var Electrochem has 5 deals on record (5 secondary share transfers); the latest was in January 2022.
The peers of Var Electrochem by revenue are JSL Industries Limited, Samhita Technologies Private Limited, Ventrex Energy Private Limited, Acs Engitech Private Limited, Maniratnam Gems Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).