MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-14-0000872
Vara Technology Private Limited - information technology in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.14 Cr
▼ 39% YoY
Net profit · FY 2025
₹3.37 Cr
Net margin 10.8%
EBITDA · FY 2025
₹8.91 Cr
EBITDA margin 28.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Satisfied charges
₹154.44 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
5
Provident fund records
About Vara Technology Private Limited
Data last updated:
Vara Technology Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U30009WB1999PTC090277. Its GSTIN is 19AAFCS4363J1ZZ (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Vara Technologies Private Limited and Xenolith Technologies Private Limited. It is led by directors Vishal Arora and Anil Gupta.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tangra Industrial Estate Phase – II 45 Radhanath Chowdhury Road, Kolkata, West Bengal, India – 700015.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.14 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Cr (net margin 10.8%) and EBITDA of ₹8.91 Cr (EBITDA margin 28.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Xenolith Technologies and Vara Technology. As per MCA filings, the company has satisfied charges of ₹154.44 Cr on record. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Lakh; the latest was in August 2018. Its 3 peer companies in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 1 smaller; the largest is Futuresoft Solutions Private Limited with revenue of ₹31.52 Cr. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 7 overdue payments to 3 micro and small suppliers.
Vara Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-14-0000872). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varatechnology.com.
Company details
CIN U30009WB1999PTC090277
Registration Number 090277
Incorporation Date 14 September 1999
ROC Kolkata
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-14-0000872
Name history
Vara Technology has undergone 4 name changes throughout its history. The current legal name is Vara Technology Private Limited.
| Company Name | Status |
|---|---|
| Vara Technology Private Limited | Current |
| Vara Technologies Private Limited | Previous |
| Xenolith Technologies Private Limited | Previous |
| Gyana Infotech Private Limited | Previous |
| Shoppe On Net Private Limited | Previous |
Key People
Vishal Arora Director Anil Gupta Director Recognitions & Rankings of Vara Technology
Contact details
Vara Technology Private Limited's registered office is in Kolkata, West Bengal. Its website is varatechnology.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTangra Industrial Estate Phase – II 45 Radhanath Chowdhury Road, Kolkata, West Bengal, India – 700015
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Vara Technology Private Limited, buy the company report.
Comprehensive company report
Vara Technology 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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Brands
Vara Technology operates two associated brands: Xenolith Technologies and Vara Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers end-to-end software development services, including design, coding, and maintenance of applications. | xenolithtechnologies.com | |
| Provides tailored platforms in blockchain, cybersecurity, RFID, IoT, and 3D manufacturing solutions. | varatechnology.com |
Business activity
The main business activity of Vara Technology is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Vara Technology Private Limited, buy the company report.
Financials of Vara Technology Private Limited
FY 2025 filings availableVara Technology Private Limited reported revenue of ₹31.14 Cr (down 39% YoY) for FY 2025.
Revenue · FY 2025
₹31.14 Cr ▼ 39%
Net profit · FY 2025
₹3.37 Cr margin 10.8%
EBITDA · FY 2025
₹8.91 Cr margin 28.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▼ 19%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 1%
5 years · compounded
▲ 11%
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 17% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹8.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.37 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | 28.6% | ||||
| Net Profit Margin | 10.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick 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 Vara Technology Private Limited, buy the company report.
Board of directors of Vara Technology Private Limited
Vara Technology has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Arora | Director | 06 Dec 2018 | 7 Years 11 Months | Current |
| Anil Gupta | Director | 31 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Vara Technology Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Futuresoft Solutions Private Limited | ₹31.52 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Paramatrix Technologies Limited | ₹31.33 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India | |||
| Vara Technology Private Limitedthis company | ₹31.14 Cr (FY 2025) | ₹3.37 Cr | 10.8% | -39.0% | 5 | Kolkata, West Bengal, India |
| Intertec Softwares Private Limited | ₹31.03 Cr (FY 2025) | 36.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Vara Technology Private Limited, buy the company report.
Auditor
Vara Technology Private Limited is audited by SINGHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO. | FY 2023 | 302049E |
Shareholding
The shareholding of Vara Technology 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 Vara Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹154.44 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2019 | 100235569 | Others | ₹56.73 Lakh | Satisfied | |
| 10 Dec 2018 | 100229816 | Others | ₹46.87 Lakh | Satisfied | |
| 15 Oct 2018 | 100220446 | Others | ₹38.6 Lakh | Satisfied | |
| 15 Sep 2018 | 100220161 | Others | ₹89.29 Lakh | Satisfied | |
| 15 Sep 2018 | 100220448 | Others | ₹80.33 Lakh | Satisfied |
To see the full charge records of Vara Technology Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Vara Technology Private Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Lakh; the latest was in August 2018.
Total deals
7
Secondary share transfers
5
Funding round
1
Acquisition
1
Disclosed funding
₹8 Lakh
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Kanoria Foundation, an individual Seller: 2 individuals |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Kanoria Foundation, an individual Seller: Opulent Venture Capital, an individual |
| Mar 2011 | Acquisition | Undisclosed | Buyer: Opulent Venture Capital Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Bypass Properties Private Limited, Cadle Exports Investment Private Limited, 2 individuals |
To see the full deal history of Vara Technology Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Vara Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Vara Technology Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 7 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 |
|---|---|---|---|
| Shivaami Cloud Services Private Limited | |||
| Lucideus Tech Private Limited | |||
| L K Nakashe Consultants Private Limited |
To see the full MSME payment records of Vara Technology Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vara Technology has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Fujisoft Vara Private Limited | U72100WB2019PTC232156 | |
| Bharat Connect Technologies Private Limited | U72200WB2012PTC171656 | |
| Vara Infrovate Private Limited | U72300WB2013PTC189691 | |
| Digicard Services Private Limited | U74999HR2016PTC066376 |
To see the full group structure of Vara Technology Private Limited, buy the company report.
Employees & EPFO
Vara Technology Private Limited has a workforce of 5 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-50%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 5 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Vara Technology Private Limited, buy the company report.
GST
Vara Technology has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAFCS4363J1ZZ | West Bengal | Active | 01 Jul 2017 |
| 07AAFCS4363J1Z4 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vara Technology Private Limited, buy the company report.
Recent activity
Vara Technology Private Limited has 33 board changes on record since 2007: 17 appointments and 16 cessations. The latest: Jayanta Nath Mukhopadhyaya ceased to be Director on 31 Jan 2026.
Ceased
Jayanta Nath Mukhopadhyaya ceased to be Director.
AGM
Vara Technology Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Vara Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata I.
Ceased
Rakesh Kumar Anand ceased to be Director.
Appointed
Rakesh Kumar Anand was appointed as Director.
Appointed
Anil Gupta was appointed as Director.
Ceased
Arakkonimadom Raghupathy Vishwanathan ceased to be Director.
Appointed
Jayanta Nath Mukhopadhyaya was appointed as Director.
Ceased
Kiran Sharadchandra Karnik ceased to be Director.
Appointed
Arakkonimadom Raghupathy Vishwanathan was appointed as Director.
Ceased
Roopendra Narayan Roy ceased to be Director.
Charges
A charge registered on 11 Jan 2019 via Charge ID 100235569 with Others was fully satisfied on 28 Aug 2020.
64 earlier events are in the company report.
Frequently asked questions
Vara Technology is an active private limited company based in Kolkata, West Bengal, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 14 September 1999 (27+ years old) and is registered under CIN U30009WB1999PTC090277.
Vara Technology has 2 current directors:
- Vishal Arora - Director
- Anil Gupta - Director
The latest financial statements of Vara Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vara Technology is 19AAFCS4363J1ZZ, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAFCS4363J1Z4 (Delhi).
The CIN (Corporate Identification Number) of Vara Technology is U30009WB1999PTC090277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vara Technology was incorporated on 14 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kolkata.
Vara Technology has 7 deals on record (5 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Lakh; the latest was in August 2018.
The peers of Vara Technology by revenue are Futuresoft Solutions Private Limited, Paramatrix Technologies Limited, Intertec Softwares Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Jayanta Nath Mukhopadhyaya ceased to be Director on 31 Jan 2026. Rakesh Kumar Anand ceased to be Director on 31 Dec 2024. Rakesh Kumar Anand was appointed as Director on 13 Nov 2023. Vara Technology has 33 board changes on record in total.
Yes, Vara Technology is registered as a small enterprise under Udyam registration (number: UDYAM-WB-14-0000872).
Vara Technology has 2 MSME Form 1 returns on record between 2020 and 2021, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 04 Feb 2022.
Vara Technology can be reached through the website varatechnology.com. Its registered office is in Kolkata, West Bengal, India.
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