MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0060029
Varia Enterprises Private Limited
Varia Enterprises Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹43.4 Cr
▲ 78% YoY
Net profit · FY 2025
₹40.58 Lakh
Net margin 0.9%
EBITDA · FY 2025
₹56.12 Lakh
EBITDA margin 1.3%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.82 Cr
Issued & subscribed
Open charges
₹5.7 Cr
Satisfied ₹25 Lakh
Company age
32 yrs
Est. 1994
Directors on board
3
As per MCA filings
About Varia Enterprises Private Limited
Data last updated:
Varia Enterprises Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 28 September 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36912MH1994PTC081552. Its GSTIN is 27AAACG1406D1ZA (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.82 Cr. It was formerly known as Great Diamond Private Limited and Great Diamond Limited. It is led by directors including Kalpesh Ramniklal Varia and Bina Kalpesh Varia.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.4 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net profit of ₹40.58 Lakh (net margin 0.9%) and EBITDA of ₹56.12 Lakh (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹5.7 Cr and satisfied charges of ₹25 Lakh on record.
Varia Enterprises Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0060029). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U36912MH1994PTC081552
Registration Number 081552
Incorporation Date 28 September 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0060029
Name history
Varia Enterprises has undergone 2 name changes throughout its history. The company was previously known as Great Diamond Private Limited, and Great Diamond Limited. The current legal name is Varia Enterprises Private Limited.
| Company Name | Status |
|---|---|
| Varia Enterprises Private Limited | Current |
| Great Diamond Private Limited | Previous |
| Great Diamond Limited | Previous |
CIN history
Varia Enterprises has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U36912MH1994PTC081552, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36912MH1994PTC081552 | Current |
| U36912MH1994PLC081552 | Previous |
| L36912MH1994PLC081552 | Previous |
Key People
Kalpesh Ramniklal Varia Director Bina Kalpesh Varia Director Dhruv Kalpesh Varia Additional Director Recognitions & Rankings of Varia Enterprises
Contact details
Varia Enterprises Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address702 Divyaratna Apartment Bhardawadi Road Shree Balkrishna Co – Op Housing Soc Ltd A, Ndheri (W), Mumbai, Maharashtra, India – 400058
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Varia Enterprises Private Limited, buy the company report.
Comprehensive company report
Varia Enterprises 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 Varia Enterprises is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Varia Enterprises Private Limited, buy the company report.
Financials of Varia Enterprises Private Limited
FY 2025 filings availableVaria Enterprises Private Limited reported revenue of ₹43.4 Cr (up 78% YoY) for FY 2025.
Revenue · FY 2025
₹43.4 Cr ▲ 78%
Net profit · FY 2025
₹40.58 Lakh margin 0.9%
EBITDA · FY 2025
₹56.12 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 10%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 10%
Revenue rose 78% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 20% 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 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 | ₹56.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.58 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Varia Enterprises Private Limited, buy the company report.
Board of directors of Varia Enterprises Private Limited
Varia Enterprises has 3 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 |
|---|---|---|---|---|
| Kalpesh Ramniklal Varia | Director | 28 Sep 1994 | 32 Years 1 Months | Current |
| Bina Kalpesh Varia | Director | 03 Mar 1999 | 27 Years 8 Months | Current |
| Dhruv Kalpesh Varia | Additional Director | 31 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Varia Enterprises Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sun Retail Limited | ₹43.5 Cr (FY 2025) | -57.0% | Ahmedabad, Gujarat, India | |||
| Varia Enterprises Private Limitedthis company | ₹43.4 Cr (FY 2025) | ₹40.58 Lakh | 0.9% | 78.0% | Mumbai, Maharashtra, India | |
| Abhushan Creations Private Limited | ₹42.91 Cr (FY 2018) | 2047342.0% | Mumbai, Maharashtra, India | |||
| Johri Gems and Jewellers Private Limited | ₹42.73 Cr (FY 2024) | 1.0% | Kota, Rajasthan, India |
To see the full peer comparison of Varia Enterprises Private Limited, buy the company report.
Auditor
Varia Enterprises Private Limited is audited by NITIN N. MEHTA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN N. MEHTA AND ASSOCIATES | FY 2023 | 155141 |
Shareholding
The shareholding of Varia Enterprises Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varia Enterprises Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.7 Cr
Satisfied charges
₹25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2017 | 100099841 | The South Indian Bank Limited | ₹5.7 Cr | Open | |
| 21 May 1996 | 90212867 | The Nasik Merchants Co-Op Bank Ltd | ₹25 Lakh | Satisfied |
To see the full charge records of Varia Enterprises Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Varia Enterprises 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 Varia Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varia Enterprises has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1406D1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varia Enterprises Private Limited, buy the company report.
Recent activity
Varia Enterprises Private Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Dhruv Kalpesh Varia was appointed as Additional Director on 31 Oct 2025.
Appointed
Dhruv Kalpesh Varia was appointed as Additional Director.
AGM
Varia Enterprises Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Varia Enterprises Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 21 May 1996 via Charge ID 90212867 with The Nasik Merchants Co-Op Bank Ltd was fully satisfied on 31 Oct 2020.
Charges
A charge with The South Indian Bank Limited of Rs. 5.70 Cr registered on 29 Mar 2017 with Charge ID 100099841 was modified on 01 Jul 2020.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 5.70 Cr with Charge ID 100099841 was registered on 29 Mar 2017.
Ceased
Jayesh Ramniklal Varia ceased to be Director.
Appointed
Bina Kalpesh Varia was appointed as Director.
Charges
A charge with The Nasik Merchants Co-Op Bank Ltd of Rs. 0.25 Cr registered on 21 May 1996 with Charge ID 90212867 was modified on 26 Sep 1997.
Charges
A charge with The Nasik Merchants Co-Op Bank Ltd amounted to Rs. 0.25 Cr with Charge ID 90212867 was registered on 21 May 1996.
Appointed
Kalpesh Ramniklal Varia was appointed as Director.
Incorporation
28 Sep 1994
Varia Enterprises Private Limited was registered on 28 Sep 1994 with Roc Mumbai & aged 32 years 1 month as per MCA records.
Frequently asked questions
Varia Enterprises is an active private limited company based in Mumbai, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 28 September 1994 (32+ years old) and is registered under CIN U36912MH1994PTC081552.
Varia Enterprises has 3 current directors:
- Kalpesh Ramniklal Varia - Director
- Bina Kalpesh Varia - Director
- Dhruv Kalpesh Varia - Additional Director
The latest financial statements of Varia Enterprises on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varia Enterprises is 27AAACG1406D1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varia Enterprises is U36912MH1994PTC081552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varia Enterprises was incorporated on 28 September 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varia Enterprises by revenue are Sun Retail Limited, Abhushan Creations Private Limited, Johri Gems and Jewellers Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Dhruv Kalpesh Varia was appointed as Additional Director on 31 Oct 2025. Jayesh Ramniklal Varia ceased to be Director on 27 Jan 2017. Bina Kalpesh Varia was appointed as Director on 03 Mar 1999. Varia Enterprises has 4 board changes on record in total.
Yes, Varia Enterprises is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0060029).
The registered office of Varia Enterprises is at 702 Divyaratna Apartment Bhardawadi Road Shree Balkrishna Co – Op Housing Soc Ltd A, Ndheri W, Mumbai, Maharashtra, India – 400058.
Varia Enterprises operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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