Varad Apparels Private Limited
About Varad Apparels Private Limited
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Varad Apparels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the footwear retail and distribution segment of the consumer goods sector. It was incorporated on 12 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52320MH2000PTC129123. Its GSTIN is 27AABCV2856M1ZV (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shantanu Madhav Agasti and Rahul Madhav Agasti.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Aryston Centre Juhu Road, Juhu Mumbai Maharashtra, Maharashtra, India – 400049.
As per the financials filed for FY 2022, the company reported a revenue of ₹80.32 Lakh, a growth of 116% compared to the previous year. For the same year it recorded a net profit of ₹88,658 (net margin 1.1%) and EBITDA of ₹14.62 Lakh (EBITDA margin 18.2%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹2.89 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressAryston Centre Juhu Road, Juhu Mumbai Maharashtra, Maharashtra, India – 400049
- IndustryConsumer Goods, Footwear Retail & Distribution
- 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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Business Activity of Varad Apparels Private Limited
The main business activity of Varad Apparels is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
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 Varad Apparels Private Limited FY 2022 filings available
Varad Apparels Private Limited reported revenue of ₹80.32 Lakh (up 116% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Varad Apparels Private Limited
Revenue rose 116% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 464% 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 Varad Apparels Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹80.32 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹88,658 | •••• | •••• | •••• | •••• |
| 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 Varad Apparels Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| 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 Varad Apparels are in the company report.
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.
Peer Comparison of Varad Apparels Private Limited
Varad Apparels Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunny Retails Private Limited | ₹80.82 Lakh (FY 2022) | •••• | •••• | 20.0% | •••• | Meerut, Uttar Pradesh, India |
| Parchayi Creations Private Limited | ₹80.75 Lakh (FY 2023) | •••• | •••• | 18.0% | •••• | Jaipur, Rajasthan, India |
| RPJ Overseas & Exim Private Limited | ₹80.66 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Mumbai, Maharashtra, India |
| Shivmangal Agency Private Limited | ₹80.53 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Kolkata, West Bengal, India |
| Verve and Vigour Lifestyle Private Limited | ₹80.33 Lakh (FY 2017) | •••• | •••• | 6.0% | •••• | Gurgaon, Haryana, India |
| Varad Apparels Private Limited this company | ₹80.32 Lakh (FY 2022) | •••• | •••• | 116.0% | •••• | Mumbai, Maharashtra, India |
| Prograde Retail Private Limited | ₹80.08 Lakh (FY 2022) | •••• | •••• | -62.0% | •••• | Bengaluru, Karnataka, India |
| Chandralekha Enterprises Private Limited | ₹80.04 Lakh (FY 2018) | •••• | •••• | 0.0% | •••• | Delhi, India |
| York Shoes Private Limited | ₹79.86 Lakh (FY 2025) | •••• | •••• | 1646.0% | •••• | Chennai, Tamil Nadu, India |
| N K Retails Private Limited | ₹79.75 Lakh (FY 2024) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Aadharit Suppliers Private Limited | ₹79.69 Lakh (FY 2024) | •••• | •••• | -38.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Varad Apparels by revenue in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution), 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 Varad Apparels Private Limited
Varad Apparels Private Limited is audited by A S N A J AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A S N A J AND ASSOCIATES | Locked | Locked | Locked |
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.
Board of Directors of Varad Apparels Private Limited
Varad Apparels has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantanu Madhav Agasti | Director | 15 Feb 2001 | 25 Years 7 Months | Current |
| Rahul Madhav Agasti Also directs: Varad Fabrics Private Limited, Varad Fashions Private Limited | Director | 15 Feb 2001 | 25 Years 7 Months | Current |
| Mrunal Madhav Agasti Also directs: Varad Fabrics Private Limited, Varad Fashions Private Limited | Director | 12 Oct 2000 | 25 Years 11 Months | Current |
| Madhav Laxman Agasti | Director | 12 Oct 2000 | 25 Years 11 Months | Current |
Ownership and Shareholding of Varad Apparels Private Limited
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 Varad Apparels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2024 | Others | ₹2.89 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Varad Apparels Private Limited
Employment history and EPFO contributions of people linked to Varad Apparels.
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.
Recent Activity on Varad Apparels Private Limited
Varad Apparels Private Limited has 4 board changes on record since 2000: 4 appointments. The latest: Rahul Madhav Agasti was appointed as Director on 15 Feb 2001.
Credit Ratings, Litigation & Regulatory Alerts for Varad Apparels Private Limited
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.
MSME Payment Delays by Varad Apparels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varad Apparels Private Limited
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 Varad Apparels Private Limited
Varad Apparels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV2856M1ZV | Maharashtra | Active | 01 Jul 2017 |
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 Varad Apparels Private Limited
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.
Frequently Asked Questions about Varad Apparels Private Limited
Varad Apparels is an active private limited company based in Mumbai, Maharashtra, India. The company works in footwear retail and distribution, within the consumer goods industry. It was incorporated on 12 October 2000 (26+ years old) and is registered under CIN U52320MH2000PTC129123.
Varad Apparels reported revenue of ₹80.32 Lakh for FY 2022 (up 116% YoY).
Varad Apparels has 4 current directors:
- Shantanu Madhav Agasti - Director
- Rahul Madhav Agasti - Director
- Mrunal Madhav Agasti - Director
- Madhav Laxman Agasti - Director
Varad Apparels reported a net profit of ₹88,658 (net margin 1.1%) and EBITDA of ₹14.62 Lakh (EBITDA margin 18.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varad Apparels is -11% over three years and -6% over five years. In the latest year (FY 2022) revenue rose 116%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varad Apparels is 27AABCV2856M1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varad Apparels is U52320MH2000PTC129123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varad Apparels was incorporated on 12 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varad Apparels by revenue are Sunny Retails Private Limited, Parchayi Creations Private Limited, RPJ Overseas & Exim Private Limited, Shivmangal Agency Private Limited, Verve and Vigour Lifestyle Private Limited and 5 more, all in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution).
Rahul Madhav Agasti was appointed as Director on 15 Feb 2001. Shantanu Madhav Agasti was appointed as Director on 15 Feb 2001. Madhav Laxman Agasti was appointed as Director on 12 Oct 2000. Varad Apparels has 4 board changes on record in total.
The registered office of Varad Apparels is at Aryston Centre Juhu Road, Juhu Mumbai Maharashtra, Maharashtra, India – 400049.