Startup India Government of India
Varas Travel Solutions Private Limited - transportation in Hyderabad, Telangana, India. Directors, charges & compliance details.
Revenue · FY 2023
₹29.23 Lakh
▲ 165% YoY
Net profit · FY 2023
₹17,811
Net margin 0.6%
EBITDA · FY 2023
₹18,972
EBITDA margin 0.6%
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Brands
1
Associated brands
About Varas Travel Solutions Private Limited
Data last updated:
Varas Travel Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the transportation and logistics segment of the transportation sector. It was incorporated on 08 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U63030TG2020PTC144625.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹10,000. It is led by directors Varayogi Krishnaveni and Varayogi Raghav Srivathsav.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at H. No. 10 – 3 – 444/120A P S Nagar, Hyderabad, Telangana, India – 500057.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.23 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹17,811 (net margin 0.6%) and EBITDA of ₹18,972 (EBITDA margin 0.6%).
The company is associated with 1 brand: Efficient Trip.
For more details, the company can be reached via its website efficienttrip.com.
Company details
CIN U63030TG2020PTC144625
Registration Number 144625
Incorporation Date 08 October 2020
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Varas Travel Solutions
Contact details
Varas Travel Solutions Private Limited's registered office is in Hyderabad, Telangana.
- Registered AddressH. No. 10 – 3 – 444/120A P S Nagar, Hyderabad, Telangana, India – 500057
- IndustryTransportation, Transportation Services
Comprehensive company report
Varas Travel Solutions 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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Brands
Varas Travel Solutions operates one associated brand: Efficient Trip. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tournament travel services for athletes in India. | efficienttrip.com |
Business activity
The main business activity of Varas Travel Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Varas Travel Solutions Private Limited, buy the company report.
Financials of Varas Travel Solutions Private Limited
FY 2023 filings availableVaras Travel Solutions Private Limited reported revenue of ₹29.23 Lakh (up 165% YoY) for FY 2023.
Revenue · FY 2023
₹29.23 Lakh ▲ 165%
Net profit · FY 2023
₹17,811 margin 0.6%
EBITDA · FY 2023
₹18,972 margin 0.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 165%
EBITDA CAGR growth
1 year
▼ 24%
Revenue rose 165% in the latest year. EBITDA fell 24% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| 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 | ₹18,972 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹17,811 | ||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.6% | ||
| Net Profit Margin | 0.6% | ||
| 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 | |||
To see the full financial statements and ratios of Varas Travel Solutions Private Limited, buy the company report.
Board of directors of Varas Travel Solutions Private Limited
Varas Travel Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varayogi Krishnaveni | Director | 08 Oct 2020 | 6 Years 1 Months | Current |
| Varayogi Raghav Srivathsav | Director | 08 Oct 2020 | 6 Years 1 Months | Current |
Peer comparison
Varas Travel Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agriphi Network Private Limited | ₹29.25 Lakh (FY 2025) | -65.0% | Devanhalli, Karnataka, India | |||
| Aman Netcom Private Limited. | ₹29.25 Lakh (FY 2023) | 13.0% | New Delhi, Delhi, India | |||
| Rx100 Venture Builder Private Limited | ₹29.24 Lakh (FY 2025) | 7771.0% | Bangalore, Karnataka, India | |||
| Yoc Private Limited | ₹29.24 Lakh (FY 2025) | 41.0% | Delhi, India | |||
| Greyhound Technologies Private Limited | ₹29.24 Lakh (FY 2016) | 527.0% | Nashik, Maharashtra, India | |||
| Varas Travel Solutions Private Limitedthis company | ₹29.23 Lakh (FY 2023) | ₹17,811 | 0.6% | 165.0% | Hyderabad, Telangana, India | |
| Sparklink Communication Private Limited | ₹29.22 Lakh (FY 2019) | 130.0% | Burdwan, West Bengal, India | |||
| Srm360 Consulting Services Private Limited | ₹29.22 Lakh (FY 2024) | 91.0% | Hyderabad, Telangana, India | |||
| Hurreh Technologies Private Limited | ₹29.22 Lakh (FY 2019) | 61.0% | Bangalore, Karnataka, India | |||
| TJB Info Private Limited | ₹29.21 Lakh (FY 2025) | 39.0% | Hyderabad, Telangana, India | |||
| Propellyr Chaintech Private Limited | ₹29.2 Lakh (FY 2025) | -84.0% | Delhi, India |
To see the full peer comparison of Varas Travel Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varas Travel Solutions 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 Varas Travel Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varas Travel Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varas Travel Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Varayogi Krishnaveni was appointed as Director on 08 Oct 2020.
AGM
Varas Travel Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Varas Travel Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
Appointed
Varayogi Krishnaveni was appointed as Director.
Appointed
Varayogi Raghav Srivathsav was appointed as Director.
Incorporation
08 Oct 2020
Varas Travel Solutions Private Limited was registered on 08 Oct 2020 with Roc Hyderabad & aged 6 years 1 month as per MCA records.
Frequently asked questions
Varas Travel Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in transportation services, within the transportation industry. It was incorporated on 08 October 2020 (6+ years old) and is registered under CIN U63030TG2020PTC144625.
Varas Travel Solutions has 2 current directors:
- Varayogi Krishnaveni - Director
- Varayogi Raghav Srivathsav - Director
The latest financial statements of Varas Travel Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Varas Travel Solutions is U63030TG2020PTC144625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varas Travel Solutions was incorporated on 08 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Varas Travel Solutions by revenue are Agriphi Network Private Limited, Aman Netcom Private Limited, Rx100 Venture Builder Private Limited, Yoc Private Limited, Greyhound Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Varayogi Krishnaveni was appointed as Director on 08 Oct 2020. Varayogi Raghav Srivathsav was appointed as Director on 08 Oct 2020.
Yes, Varas Travel Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Varas Travel Solutions can be reached through the website efficienttrip.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Varas Travel Solutions is at H. No. 10 – 3 – 444120A P S Nagar, Hyderabad, Telangana, India – 500057.
Varas Travel Solutions operates in the transportation industry, in the transportation services segment.
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