About Varchai Private Limited
Data last updated:
Varchai Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 01 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC056086. Its GSTIN is 29AAJCA0073D1ZY (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Athamas Technologies Private Limited. It is led by directors Bangalore Mounaprasad Subramanya Char and Uma Mouna Prasad.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1290 17th Cross 5th Main Sector 7 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.79 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹18.55 Lakh (net margin -10.3%) and EBITDA of ₹3.4 Lakh (EBITDA margin 1.9%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Athamas. As per MCA filings, the company has open charges of ₹80 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website athamastech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1290 17th Cross 5th Main Sector 7 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Enterprise Resource Planning (ERP) Solutions
- 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 Varchai Private Limited
The main business activity of Varchai is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Varchai Private Limited FY 2025 filings available
Varchai Private Limited reported revenue of ₹1.79 Cr (down 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Varchai Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 28% fall in the latest year. EBITDA fell 83% 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 Varchai Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | 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 | ₹3.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.55 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 Varchai Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.3% | •••• | •••• | •••• | •••• |
| 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 Varchai 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 Varchai Private Limited
Varchai Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Enterprise Resource Planning). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Naish Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Dexciss Technology Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Avaxpro Tech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Zenscale Technologies Private Limited | •••• | •••• | •••• | •••• | 10 | Ludhiana, Punjab, India |
| Zorder Technologies Private Limited | •••• | •••• | •••• | •••• | 18 | Delhi, India |
| Varchai Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Aardhraa Technologies Private Limited | •••• | •••• | •••• | •••• | 13 | Tiruvidamarudur, Tamil Nadu, India |
| Proerpminds India Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Verts Services India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Sysdiva Consultants Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| Dmex Solutions Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore North, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Varchai by revenue in the Information Technology industry (Enterprise Resource Planning), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Varchai Private Limited
Varchai Private Limited is audited by GIRISH G DIXIT for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GIRISH G DIXIT | 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 Varchai Private Limited
Varchai has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bangalore Mounaprasad Subramanya Char | Director | 01 Dec 2010 | 15 Years 10 Months | Current |
| Uma Mouna Prasad Also directs: Varchaa Technologies Private Limited | Director | 01 Dec 2010 | 15 Years 10 Months | Current |
Ownership and Shareholding of Varchai 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 Varchai Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jan 2023 | Axis Bank Limited | ₹50 Lakh | Open |
| 21 Oct 2021 | Axis Bank Limited | ₹30 Lakh | Open |
Total charge records: 2 View all charges
Associated Brands with Varchai Private Limited
Varchai operates one associated brand: Athamas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides hyper-automation, AI solutions, and Oracle consulting for enterprises. | athamastech.com |
Employees and EPFO Compliance at Varchai Private Limited
Varchai Private Limited has a workforce of 17 employees as of Apr 07, 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 Varchai Private Limited
Varchai Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Bangalore Mounaprasad Subramanya Char was appointed as Director on 01 Dec 2010.
Credit Ratings, Litigation & Regulatory Alerts for Varchai 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 Varchai 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 Varchai 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 Varchai Private Limited
Varchai has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCA0073D1ZY | 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 Varchai 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 Varchai Private Limited
Varchai is an active private limited company based in Bangalore, Karnataka, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 01 December 2010 (16+ years old) and is registered under CIN U72200KA2010PTC056086.
Varchai reported revenue of ₹1.79 Cr for FY 2025 (down 28% YoY).
Varchai has 2 current directors:
- Bangalore Mounaprasad Subramanya Char - Director
- Uma Mouna Prasad - Director
Varchai reported a net loss of ₹18.55 Lakh (net margin -10.3%) and EBITDA of ₹3.4 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varchai is -16% over three years and -7% over five years. In the latest year (FY 2025) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varchai is 29AAJCA0073D1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Varchai is U72200KA2010PTC056086. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varchai was incorporated on 01 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Varchai by revenue are Naish Solutions Private Limited, Dexciss Technology Private Limited, Avaxpro Tech Private Limited, Zenscale Technologies Private Limited, Zorder Technologies Private Limited and 5 more, all in the Information Technology industry (Enterprise Resource Planning).
Bangalore Mounaprasad Subramanya Char was appointed as Director on 01 Dec 2010. Uma Mouna Prasad was appointed as Director on 01 Dec 2010.
Varchai can be reached through the website athamastech.com. Its registered office is in Bangalore, Karnataka, India.