About Varada Corporate Services Private Limited
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Varada Corporate Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2005PTC037477. Its GSTIN is 29AACCV1420C1ZT (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Venkatesh Dwarkanath Mysore and Rajeshwari.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No. 315 Lig I Stage 6th Mainkhb Colony Basaveshwaranagar Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.91 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹12.76 Lakh (net margin -6.7%) and EBITDA of -₹5.89 Lakh (EBITDA margin -3.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varada.co.in.
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- Website
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- Registered AddressNo. 315 Lig I Stage 6th Mainkhb Colony Basaveshwaranagar Bangalore, Karnataka, India – 560079
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Varada Corporate Services Private Limited
The main business activity of Varada Corporate Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | 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 Varada Corporate Services Private Limited FY 2019 filings available
Varada Corporate Services Private Limited reported revenue of ₹1.91 Cr (up 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Varada Corporate Services Private Limited
Revenue rose 22% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA fell 149% 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 Varada Corporate Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.91 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹5.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.76 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 Varada Corporate Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.7% | •••• | •••• | •••• | •••• |
| 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 Varada Corporate Services 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 Varada Corporate Services Private Limited
Varada Corporate Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cognosys Technologies Private Limited | ₹1.92 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | Pune, Maharashtra, India |
| Fulcrum Worldwide Software Private Limited | ₹1.92 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Mumbai, Maharashtra, India |
| Useblitz India Private Limited | ₹1.91 Cr (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Royalways Technologies Privite Limited | ₹1.91 Cr (FY 2023) | •••• | •••• | 29.0% | •••• | Ludhiana, Punjab, India |
| Tachlog Private Limited | ₹1.91 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Thiruvananthapuram, Kerala, India |
| Varada Corporate Services Private Limited this company | ₹1.91 Cr (FY 2019) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Infoway IT Solutions Private Limited | ₹1.91 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Chandigarh, India |
| Pranetics Business Consulting Private Limited | ₹1.91 Cr (FY 2024) | •••• | •••• | -38.0% | •••• | Hyderabad, Telangana, India |
| Anvin Info Systems Private Limited | ₹1.91 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Palakkad, Kerala, India |
| Eumentis Informatics Private Limited | ₹1.91 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Pune, Maharashtra, India |
| Xilontech Solution Private Limited | ₹1.91 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Varada Corporate Services by revenue in the Information Technology industry (Application Development), 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 Varada Corporate Services Private Limited
Varada Corporate Services Private Limited is audited by U V T & ASSOCIATES LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| U V T & ASSOCIATES LLP | 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 Varada Corporate Services Private Limited
Varada Corporate Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Dwarkanath Mysore Also directs: Superkids Learning Systems Private Limited, Koduge Foundation | Director | 17 Oct 2005 | 20 Years 11 Months | Current |
| Rajeshwari Also directs: Superkids Learning Systems Private Limited, Koduge Foundation | Director | 17 Oct 2005 | 20 Years 11 Months | Current |
Ownership and Shareholding of Varada Corporate Services 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 Varada Corporate Services Private Limited
Varada Corporate Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varada Corporate Services Private Limited
Employment history and EPFO contributions of people linked to Varada Corporate Services.
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 Varada Corporate Services Private Limited
Varada Corporate Services Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Suguna Shikamani ceased to be Director on 30 Dec 2012.
Credit Ratings, Litigation & Regulatory Alerts for Varada Corporate Services 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 Varada Corporate Services 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 Varada Corporate Services 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 Varada Corporate Services Private Limited
Varada Corporate Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV1420C1ZT | Karnataka | 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 Varada Corporate Services 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 Varada Corporate Services Private Limited
Varada Corporate Services is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 October 2005 (21+ years old) and is registered under CIN U74140KA2005PTC037477.
Varada Corporate Services reported revenue of ₹1.91 Cr for FY 2019 (up 22% YoY).
Varada Corporate Services has 2 current directors:
- Venkatesh Dwarkanath Mysore - Director
- Rajeshwari - Director
Varada Corporate Services reported a net loss of ₹12.76 Lakh (net margin -6.7%) and EBITDA of -₹5.89 Lakh (EBITDA margin -3.1%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varada Corporate Services is -13% over three years. In the latest year (FY 2019) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varada Corporate Services is 29AACCV1420C1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Varada Corporate Services is U74140KA2005PTC037477. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varada Corporate Services was incorporated on 17 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Varada Corporate Services by revenue are Cognosys Technologies Private Limited, Fulcrum Worldwide Software Private Limited, Useblitz India Private Limited, Royalways Technologies Privite Limited, Tachlog Private Limited and 5 more, all in the Information Technology industry (Application Development).
Suguna Shikamani ceased to be Director on 30 Dec 2012. Rajeshwari was appointed as Director on 17 Oct 2005. Suguna Shikamani was appointed as Director on 17 Oct 2005. Varada Corporate Services has 4 board changes on record in total.
Varada Corporate Services can be reached through the website varada.co.in. Its registered office is in Bangalore, Karnataka, India.