Startup India Government of India
Varaha IT Services Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7,880
▼ 96% YoY
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
Last financials
Mar 2024
Balance sheet date
Last AGM
23 Sep 2024
Annual general meeting
About Varaha IT Services Private Limited
Data last updated:
Varaha IT Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC126246. Its GSTIN is 29AAHCV0177F1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors Nagendra Prasad Ganesh Akshay and Dinamani.
Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
For more details, the company can be reached via its website varahaitservices.com.
Company details
CIN U72900KA2019PTC126246
Registration Number 126246
Incorporation Date 16 July 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Varaha IT Services
Contact details
Varaha IT Services Private Limited's registered office is in Bangalore, Karnataka. Its website is varahaitservices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 198 2nd Floor Cmh Road, Suite No. 3566 2nd Stage, Bangalore, Karnataka, India – 560038
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Varaha IT Services Private Limited, buy the company report.
Comprehensive company report
Varaha IT Services 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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Business activity
The main business activity of Varaha IT Services is information and communication. In detail, this covers publishing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 58 | Publishing activities |
To see the full business activity and turnover split of Varaha IT Services Private Limited, buy the company report.
Financials of Varaha IT Services Private Limited
FY 2024 filings availableVaraha IT Services Private Limited reported revenue of ₹7,880 (down 96% YoY) for FY 2023.
Revenue · FY 2023
₹7,880 ▼ 96%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 44%
Revenue has declined at a compounded annual rate (CAGR) of 44% over three years, including a 96% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹7,880 | |||
| Cost of Materials Consumed | ||||
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| Net Profit (PAT) | ||||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | ||||
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| Liquidity and Debt | ||||
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| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Varaha IT Services Private Limited, buy the company report.
Board of directors of Varaha IT Services Private Limited
Varaha IT Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagendra Prasad Ganesh Akshay | Director | 16 Jul 2019 | 7 Years 3 Months | Current |
| Dinamani | Additional Director | 20 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Varaha IT Services Private Limited is audited by B V M & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B V M & CO | FY 2023 | 223396 |
Shareholding
The shareholding of Varaha IT Services Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Varaha IT Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varaha IT Services 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
No delayed payments to MSME suppliers are on our record for Varaha IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varaha IT Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCV0177F1Z6 | Karnataka | Active | 17 Sep 2019 |
To see the full GST registrations and return filing status of Varaha IT Services Private Limited, buy the company report.
Recent activity
Varaha IT Services Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Dinamani was appointed as Additional Director on 20 Jan 2025.
Appointed
Dinamani was appointed as Additional Director.
Ceased
Poornima Prabhakar Hassan ceased to be Director.
AGM
Varaha It Services Private Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.
Filing
Varaha It Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Nagendra Prasad Ganesh Akshay was appointed as Director.
Incorporation
16 Jul 2019
Varaha It Services Private Limited was registered on 16 Jul 2019 with Roc Bangalore & aged 7 years 3 months as per MCA records.
Frequently asked questions
Varaha IT 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 16 July 2019 (7+ years old) and is registered under CIN U72900KA2019PTC126246.
Varaha IT Services has 2 current directors:
- Nagendra Prasad Ganesh Akshay - Director
- Dinamani - Additional Director
The latest financial statements of Varaha IT Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Varaha IT Services is 29AAHCV0177F1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Varaha IT Services is U72900KA2019PTC126246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varaha IT Services was incorporated on 16 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Dinamani was appointed as Additional Director on 20 Jan 2025. Poornima Prabhakar Hassan ceased to be Director on 20 Jan 2025. Nagendra Prasad Ganesh Akshay was appointed as Director on 16 Jul 2019.
Yes, Varaha IT Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Varaha IT Services can be reached through the website varahaitservices.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Varaha IT Services is at No. 198 2nd Floor Cmh Road, Suite No. 3566 2nd Stage, Bangalore, Karnataka, India – 560038.