About Varam Capital Private Limited
Data last updated:
Varam Capital Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 09 September 1991.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65993TN1991PTC087497. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹15.05 Cr and a paid-up capital of ₹9.77 Cr. It was led by directors Hemalatha Rajan and Venkatesan Suresh.
Its last annual general meeting (AGM) was held on 22 April 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Plot No. 3726 Door No. 41 6th Avenue Q – Block Anna Nagar, Chennai, Tamil Nadu, India – 600040.
As per the financials filed for FY 2019, the company reported a revenue of ₹12.67 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹5.01 Cr (net margin 39.5%) and EBITDA of ₹15.16 Cr (EBITDA margin 119.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company had about 181 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Varam Capital. As per MCA filings, the company had open charges of ₹60 Cr and satisfied charges of ₹169.7 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 35 deals on record (23 funding rounds, 11 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.42 Cr; the latest was in April 2019. Its 6 peer companies in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 2 smaller; the largest is Viren Investments Private Limited with revenue of ₹12.84 Cr.
The last known website on record is varam.in.
Company details
CIN history
Varam Capital has one previous CIN (Corporate Identification Number): U65993TZ1991PTC003432. The current CIN is U65993TN1991PTC087497, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TN1991PTC087497 | Current |
| U65993TZ1991PTC003432 | Previous |
Contact details
Varam Capital Private Limited's registered office is in Chennai, Tamil Nadu. Its website is varam.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 3726 Door No. 41 6th Avenue Q – Block Anna Nagar, Chennai, Tamil Nadu, India – 600040
- IndustryFinancial Services, NBFC, Microfinance Institutions
To see the full contact details of Varam Capital Private Limited, buy the company report.
- 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
Brands
Varam Capital operates one associated brand: Varam Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Micro loans are extended to borrowers in Tamil Nadu. | varam.in |
Business activity
The main business activity of Varam Capital is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Varam Capital Private Limited, buy the company report.
Financials of Varam Capital Private Limited
FY 2019 filings availableVaram Capital Private Limited reported revenue of ₹12.67 Cr (down 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 41% fall in the latest year. EBITDA rose 111% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹15.16 Cr | ||||
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| Net Profit (PAT) | ₹5.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 119.7% | ||||
| Net Profit Margin | 39.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varam Capital Private Limited, buy the company report.
Board of directors and KMP of Varam Capital Private Limited
Varam Capital Private Limited currently reports 2 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesan Suresh | Additional Director | 17 Apr 2019 | 7 Years 6 Months | As last reported |
| Aparna Madhu | Company Secretary | 25 Sep 2018 | 8 Years 1 Months | As last reported |
| Hemalatha Rajan | Director | 24 Mar 2011 | 15 Years 7 Months | As last reported |
Peer comparison
Varam Capital Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Micro Finance Institutions, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Viren Investments Private Limited | ₹12.84 Cr (FY 2024) | 128.0% | New Delhi, Delhi, India | |||
| Kunvarji Fincorp Private Limited | ₹12.82 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Atul Mercantile Private Limited | ₹12.81 Cr (FY 2025) | 367.0% | Kolkata, West Bengal, India | |||
| Urban Living Finance India Limited | ₹12.69 Cr (FY 2025) | 34.0% | Jaipur, Rajasthan, India | |||
| Varam Capital Private Limitedthis company | ₹12.67 Cr (FY 2019) | ₹5.01 Cr | 39.5% | -41.0% | 181 | Chennai, Tamil Nadu, India |
| August Agents Ltd | ₹12.65 Cr (FY 2021) | 194.0% | Kolkata, West Bengal, India | |||
| Ladderup Finance Limited | ₹12.62 Cr (FY 2024) | 13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varam Capital Private Limited, buy the company report.
Auditor
Varam Capital Private Limited is audited by A JOHN MORIS & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A JOHN MORIS & CO | FY 2018 | 007220S |
Shareholding
The shareholding of Varam Capital Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varam Capital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2018 | 100159778 | Others | ₹5 Cr | Open | |
| 27 Nov 2017 | 100139878 | Others | ₹5 Cr | Open | |
| 28 Sep 2017 | 100129150 | Uco Bank | ₹3.5 Cr | Open | |
| 17 May 2017 | 100103473 | Others | ₹10 Cr | Open | |
| 24 Feb 2017 | 100080790 | State Bank of India | ₹12.5 Cr | Open |
To see the full charge records of Varam Capital Private Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Varam Capital Private Limited has 35 deals on record (23 funding rounds, 11 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.42 Cr; the latest was in April 2019.
Deals on record (5 of 35)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Acquisition | Undisclosed | Buyer: Dvara Kshetriya Gramin Financial Services Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Others VARAM CAPITAL PRIVATE LIMITED, an individual Seller: 3 individuals |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Others VARAM CAPITAL PRIVATE LIMITED, an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Seller: an individual |
| Feb 2017 | Funding round | ₹2.62 Cr | Investors: Others VARAM CAPITAL PRIVATE LIMITED, 3 individuals |
To see the full deal history of Varam Capital 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
Varam Capital Private Limited has 4 court cases on record: 3 filed by Varam Capital, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 1 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Principal Commissioner of Income Tax -3 | Pending |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against The Commissioner of Police and 1 other | Disposed |
To see the full case history of Varam Capital Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Varam Capital Private Limited was last rated by Icra on 01 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 May 2019 |
To see the full credit ratings and regulatory alerts of Varam Capital Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varam Capital Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varam Capital Private Limited has a workforce of 181 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Varam Capital has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varam Capital Private Limited, buy the company report.
Recent activity
Varam Capital Private Limited has 16 board changes on record since 2011: 3 appointments and 13 cessations. The latest: Venkatesan Suresh was appointed as Additional Director on 17 Apr 2019.
100 earlier events are in the company report.
Frequently asked questions
Varam Capital has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Varam Capital was a private limited company based in Chennai, Tamil Nadu, India. The company worked in nbfc, within the financial services industry. It was incorporated on 09 September 1991 and is registered under CIN U65993TN1991PTC087497. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Varam Capital was incorporated on 09 September 1991. It is registered with the Registrar of Companies, Chennai.
Varam Capital had 3 directors and KMP:
- Venkatesan Suresh - Additional Director
- Hemalatha Rajan - Director
- Aparna Madhu - Company Secretary
The CIN (Corporate Identification Number) of Varam Capital is U65993TN1991PTC087497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Varam Capital is at Plot No. 3726 Door No. 41 6th Avenue Q – Block Anna Nagar, Chennai, Tamil Nadu, India – 600040.
Varam Capital can be reached through the website varam.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Varam Capital on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 22 April 2019. Year-wise statements from 2015 are in the company report.
No. Varam Capital has 2 GST registrations on record and all of them are cancelled or inactive.
Varam Capital operated in the financial services industry, in the nbfc segment.
Varam Capital has 35 deals on record (23 funding rounds, 11 secondary share transfers, 1 acquisition), with disclosed funding of ₹8.42 Cr; the latest was in April 2019.
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