MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0182633
Var Facility Management Solutions Private Limited - business services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹59.79 Cr
▼ 22% YoY
Net profit · FY 2025
₹9 Cr
Net margin 15.1%
EBITDA · FY 2025
₹11.33 Cr
EBITDA margin 18.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹5.41 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
1,765
Provident fund records
About Var Facility Management Solutions Private Limited
Data last updated:
Var Facility Management Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the facility management segment of the business services sector. It was incorporated on 28 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2006PTC040308. Its GSTIN is 29AACCV3185C1ZB (Karnataka). The company holds 11 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Sanjay Dugar (Managing Director) and Padmanabha Adiga.
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 2nd Floor Grace Towers At No. 70 Millers Road Vasanth Nagar, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.79 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹9 Cr (net margin 15.1%) and EBITDA of ₹11.33 Cr (EBITDA margin 18.9%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
The company has about 1,765 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹5.41 Cr on record. Court records list 16 cases involving the company, including 9 filed by the company and 7 filed against it; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in March 2010. Its 3 peer companies in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service) are compared by revenue, 3 smaller; the largest is I Smart Facitech Private Limited with revenue of ₹106.98 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 23 overdue payments to 3 micro and small suppliers.
Var Facility Management Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0182633). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varfms.com.
Company details
CIN U74140KA2006PTC040308
Registration Number 040308
Incorporation Date 28 August 2006
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0182633
Recognitions & Rankings of Var Facility Management Solutions
Contact details
Var Facility Management Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is varfms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Grace Towers At No. 70 Millers Road Vasanth Nagar, Bangalore, Karnataka, India – 560052
- IndustryBusiness Services, Facility Management
To see the full contact details of Var Facility Management Solutions Private Limited, buy the company report.
Comprehensive company report
Var Facility Management Solutions Private Limited - 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Var Facility Management Solutions is support service to organizations. In detail, this covers housekeeping & maintenance service.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N5 | Housekeeping & maintenance service |
To see the full business activity and turnover split of Var Facility Management Solutions Private Limited, buy the company report.
Financials of Var Facility Management Solutions Private Limited
FY 2025 filings availableVar Facility Management Solutions Private Limited reported revenue of ₹59.79 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹59.79 Cr ▼ 22%
Net profit · FY 2025
₹9 Cr margin 15.1%
EBITDA · FY 2025
₹11.33 Cr margin 18.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 19%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 73%
3 years · compounded
▲ 28%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 22% fall in the latest year. EBITDA fell 73% 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
| 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 | ₹59.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.9% | ||||
| Net Profit Margin | 15.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Var Facility Management Solutions Private Limited, buy the company report.
Board of directors of Var Facility Management Solutions Private Limited
Var Facility Management Solutions 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 |
|---|---|---|---|---|
| Padmanabha Adiga | Director | 22 Jan 2017 | 9 Years 9 Months | Current |
| Shilpa Dugar Also directs: Var Energy & Infra Private Limited, Klen Distributors Private Limited, Mobility by Dugadii Private Limited and 1 more | Director | 02 Nov 2007 | 18 Years 11 Months | Current |
| Sanjay Dugar Also directs: Var Energy & Infra Private Limited, Klen Distributors Private Limited, Var Built Space Services Private Limited and 2 more | Managing Director | 02 Nov 2007 | 18 Years 11 Months | Current |
| Adi Rishab Dugar | Director | 21 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Var Facility Management Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| I Smart Facitech Private Limited | ₹106.98 Cr (FY 2025) | 51.0% | Mumbai, Maharashtra, India | |||
| Corporate House Keeping Services (India) Private Limited | ₹105.33 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| KHFM Hospitality and Facility Management Services Limited | ₹105.26 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Var Facility Management Solutions Private Limitedthis company | ₹59.79 Cr (FY 2025) | ₹9 Cr | 15.1% | -22.0% | 1,765 | Bangalore, Karnataka, India |
To see the full peer comparison of Var Facility Management Solutions Private Limited, buy the company report.
Auditor
Var Facility Management Solutions Private Limited is audited by P Dilip Kumar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P Dilip Kumar & Associates | FY 2023 | 010107S |
Shareholding
The shareholding of Var Facility Management Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Var Facility Management Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹5.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 May 2019 | 100263424 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 25 Mar 2010 | 10224814 | Axis Bank Limited | ₹11.68 Lakh | Satisfied | |
| 23 Jan 2010 | 10248122 | Axis Bank Limited | ₹4.79 Lakh | Satisfied | |
| 22 Dec 2009 | 10197119 | State Bank of India | ₹4.95 Cr | Satisfied | |
| 09 Jul 2009 | 10174292 | Axis Bank | ₹24 Lakh | Satisfied |
To see the full charge records of Var Facility Management Solutions Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Var Facility Management Solutions Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in March 2010.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹24 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2008 | Funding round | ₹24 Lakh | Investors: an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Var Facility Management Solutions Private Limited has 16 court cases on record: 9 filed by Var Facility Management Solutions, 7 filed against it. 2 cases are pending and 14 are disposed.
Total cases
16
Filed by the company
9
Filed against the company
7
Pending
2
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 5 | 1 |
| High courts | 3 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Harvest Hotels and Serviced Apartments Private Limited and 3 others | Pending |
| High Court | Writ petition | Filed by the company against The HDFC Bank Ltd. and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Harvest Hotels and Serviced Apartments Private Limited and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Four Clover Realty Pvt. Ltd. and 3 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Ms. Four Clover Realty Pvt Ltd., and 3 others | Disposed |
To see the full case history of Var Facility Management Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Var Facility Management Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 23 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sewa Waste Management | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Var Facility Management Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Var Facility Management Solutions has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Var Built Space Services Private Limited | U70109KA2021PTC155059 | |
| Bluebottle Care Private Limited | U93090KA2021PTC147585 |
To see the full group structure of Var Facility Management Solutions Private Limited, buy the company report.
Employees & EPFO
Var Facility Management Solutions Private Limited has a workforce of 1,765 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
1,765
Active EPFO establishments
1
Employee growth
8.02%
GST
Var Facility Management Solutions has 11 GST registrations: 9 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
9
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV3185C1ZB | Karnataka | Active | 01 Jul 2017 |
| 02AACCV3185C1ZR | Himachal Pradesh | Active | 06 Sep 2018 |
| 22AACCV3185C1ZP | Chattisgarh | Active | 13 Dec 2018 |
| 06AACCV3185C1ZJ | Haryana | Active | 08 Jul 2019 |
To see the full GST registrations and return filing status of Var Facility Management Solutions Private Limited, buy the company report.
Recent activity
Var Facility Management Solutions Private Limited has 10 board changes on record since 2007: 4 appointments and 6 cessations. The latest: Adi Rishab Dugar was appointed as Director on 21 Mar 2025.
AGM
Var Facility Management Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Var Facility Management Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Adi Rishab Dugar was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,000.00 Lakh with Charge ID 100263424 was registered on 16 May 2019.
Charges
A charge registered on 22 Dec 2009 via Charge ID 10197119 with State Bank Of India was fully satisfied on 11 Apr 2019.
Ceased
Shilpa Dugar ceased to be Whole-Time Director.
Ceased
Aagam Vedant Dugar ceased to be Additional Director.
Ceased
Padmanabha Adiga ceased to be Additional Director.
Appointed
Padmanabha Adiga was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 495.00 Lakh registered on 22 Dec 2009 with Charge ID 10197119 was modified on 16 May 2016.
Ceased
Sanjay Dugar ceased to be Additional Director.
Charges
A charge registered on 25 Mar 2010 via Charge ID 10224814 with Axis Bank Limited was fully satisfied on 17 Aug 2013.
13 earlier events are in the company report.
Frequently asked questions
Var Facility Management Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in facility management, within the business services industry. It was incorporated on 28 August 2006 (20+ years old) and is registered under CIN U74140KA2006PTC040308.
Var Facility Management Solutions has 4 current directors:
- Sanjay Dugar - Managing Director
- Padmanabha Adiga - Director
- Shilpa Dugar - Director
- Adi Rishab Dugar - Director
The latest financial statements of Var Facility Management Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Var Facility Management Solutions is 29AACCV3185C1ZB, registered in Karnataka. The company has 11 GST registrations in all, of which 9 are active and 2 are cancelled or inactive. Other active GSTINs include 02AACCV3185C1ZR (Himachal Pradesh), 22AACCV3185C1ZP (Chattisgarh), 06AACCV3185C1ZJ (Haryana).
The CIN (Corporate Identification Number) of Var Facility Management Solutions is U74140KA2006PTC040308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Var Facility Management Solutions has 16 court cases on record: 9 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Var Facility Management Solutions was incorporated on 28 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Var Facility Management Solutions has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹24 Lakh; the latest was in March 2010.
The peers of Var Facility Management Solutions by revenue are I Smart Facitech Private Limited, Corporate House Keeping Services (India) Private Limited, KHFM Hospitality and Facility Management Services Limited, all in the Business Services industry (Facility Management Services), with the same principal business activity (housekeeping & maintenance service).
Adi Rishab Dugar was appointed as Director on 21 Mar 2025. Shilpa Dugar ceased to be Whole-Time Director on 01 Mar 2019. Aagam Vedant Dugar ceased to be Additional Director on 31 Jan 2017. Var Facility Management Solutions has 10 board changes on record in total.
Yes, Var Facility Management Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0182633).
Var Facility Management Solutions has 1 MSME Form 1 return on record for the period ending Mar 2023, listing 23 overdue payments to 3 micro and small suppliers. The latest return was filed on 27 Oct 2023.