Varada Software Associates Private Limited
About Varada Software Associates Private Limited
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Varada Software Associates Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 29 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2021PTC152483. Its GSTIN is 29AAICV3125E1ZD (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vijaykumar (Managing Director) and Boodipalli Narasimha Murthy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at # 229 4th Main Road Penn Field Gardens Near Jnrs Institute Srirampura Jakkur, Bangalore, Karnataka, India – 560064.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.82 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹25,788 (net margin 0.8%) and EBITDA of ₹6.09 Lakh (EBITDA margin 18%).
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- Registered Address# 229 4th Main Road Penn Field Gardens Near Jnrs Institute Srirampura Jakkur, Bangalore, Karnataka, India – 560064
- IndustryInformation Technology, Other Computer Related Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Varada Software Associates Private Limited
The main business activity of Varada Software Associates is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Software Associates Private Limited FY 2024 filings available
Varada Software Associates Private Limited reported revenue of ₹33.82 Lakh (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Varada Software Associates Private Limited
Revenue fell 54% in the latest year. EBITDA fell 82% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Varada Software Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹6.09 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹25,788 | •••• | •••• |
| 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 Software Associates Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 18% | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• |
| 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 Software Associates are in the company report.
Financial statements from FY 2022
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 Software Associates Private Limited
Varada Software Associates Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Techace Software Solutions Private Limited | ₹33.91 Lakh (FY 2020) | •••• | •••• | 9.0% | •••• | Warangal, Telangana, India |
| Ritman Technologies Private Limited | ₹33.86 Lakh (FY 2021) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Kia Labs Private Limited | ₹33.85 Lakh (FY 2024) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Radhakrishna IT Solutions Private Limited | ₹33.84 Lakh (FY 2025) | •••• | •••• | 196.0% | •••• | Bachupally, Telangana, India |
| Bussin Design Studios (OPC) Private Limited | ₹33.84 Lakh (FY 2025) | •••• | •••• | 119.0% | •••• | Hyderabad, Telangana, India |
| Varada Software Associates Private Limited this company | ₹33.82 Lakh (FY 2024) | •••• | •••• | -54.0% | •••• | Bangalore, Karnataka, India |
| Cynapto Technologies Private Limited | ₹33.8 Lakh (FY 2025) | •••• | •••• | 83.0% | •••• | Mumbai, Maharashtra, India |
| Sinexcare Multiservices Private Limited | ₹33.8 Lakh (FY 2025) | •••• | •••• | 45262.0% | •••• | Deoria, Uttar Pradesh, India |
| JHQ Net India Private Limited | ₹33.79 Lakh (FY 2023) | •••• | •••• | 27.0% | •••• | Gurgaon, Haryana, India |
| Bharti Software Private Limited | ₹33.76 Lakh (FY 2018) | •••• | •••• | 91.0% | •••• | Beawar, Rajasthan, India |
| Algo Trade 360 Private Limited | ₹33.74 Lakh (FY 2023) | •••• | •••• | 131.0% | •••• | Ranchi, Jharkhand, India |
Peers are the five companies nearest above and the five nearest below Varada Software Associates by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Varada Software Associates Private Limited
Varada Software Associates has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Boodipalli Narasimha Murthy | Director | 29 Sep 2021 | 5 Years 0 Months | Current |
| Vijaykumar | Managing Director | 29 Sep 2021 | 5 Years 0 Months | Current |
| Jayanna Anupama | Director | 10 Aug 2023 | 3 Years 2 Months | Current |
Ownership and Shareholding of Varada Software Associates 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 Software Associates Private Limited
Varada Software Associates Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varada Software Associates Private Limited
Varada Software Associates Private Limited has a workforce of 0 employees as of Apr 09, 2024.
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 Software Associates Private Limited
Varada Software Associates Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Jayanna Anupama was appointed as Director on 10 Aug 2023.
Credit Ratings, Litigation & Regulatory Alerts for Varada Software Associates 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 Software Associates 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 Software Associates 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 Software Associates Private Limited
Varada Software Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICV3125E1ZD | Karnataka | Active | 03 Nov 2021 |
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 Software Associates 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 Software Associates Private Limited
Varada Software Associates is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 29 September 2021 (5+ years old) and is registered under CIN U72900KA2021PTC152483.
Varada Software Associates reported revenue of ₹33.82 Lakh for FY 2024 (down 54% YoY).
Varada Software Associates has 3 current directors:
- Vijaykumar - Managing Director
- Boodipalli Narasimha Murthy - Director
- Jayanna Anupama - Director
Varada Software Associates reported a net profit of ₹25,788 (net margin 0.8%) and EBITDA of ₹6.09 Lakh (EBITDA margin 18%) for FY 2024, as per its filed financial statements.
The GSTIN of Varada Software Associates is 29AAICV3125E1ZD, registered in Karnataka.
The CIN (Corporate Identification Number) of Varada Software Associates is U72900KA2021PTC152483. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varada Software Associates was incorporated on 29 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Varada Software Associates by revenue are Techace Software Solutions Private Limited, Ritman Technologies Private Limited, Kia Labs Private Limited, Radhakrishna IT Solutions Private Limited, Bussin Design Studios (OPC) Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Jayanna Anupama was appointed as Director on 10 Aug 2023. Boodipalli Narasimha Murthy was appointed as Director on 29 Sep 2021. Vijaykumar was appointed as Managing Director on 29 Sep 2021.
The registered office of Varada Software Associates is at # 229 4th Main Road Penn Field Gardens Near Jnrs Institute Srirampura Jakkur, Bangalore, Karnataka, India – 560064.
Varada Software Associates has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.