About Variance Edventures Private Limited
Data last updated:
Variance Edventures Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80301KA2018PTC116643. Its GSTIN is 29AAGCV5853M1ZJ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hemanth and Gagan Gowda Ramachandra Tungani.
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 No. 242 Ags Layout Arehalli (Bda) 11th Main Subramanyapura Post, Bangalore, Karnataka, India – 560061.
The company is associated with 1 brand: Variance.AI.
For more details, the company can be reached via its website varianceedventures.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 242 Ags Layout Arehalli (Bda) 11th Main Subramanyapura Post, Bangalore, Karnataka, India – 560061
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
Associated Brands with Variance Edventures Private Limited
Variance Edventures operates one associated brand: Variance.AI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based wearable platform for fitness data tracking is provided. | variance.ai |
Competitors & Alternatives of Variance Edventures Private Limited
Brands and companies operating in the same space as Variance Edventures Private Limited include Fiit, Doublepoint, Ochy and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Fiit | Provider of fitness and workout tracking app | London, United Kingdom | 2017 |
 Doublepoint | Gesture recognition is developed via wristbands that capture touch vibrations. | Helsinki, Finland | 2020 |
 Ochy | AI-assisted app for analyzing runners' body movements is provided. | Rennes, France | 2021 |
 Muse Wearables | Smartwatch and app for fitness and nutrition tracking are developed. | Chennai, India | 2015 |
 AyuRythm | Mobile app offering personalized wellness recommendations based on health parameters | Bengaluru, India | 2018 |
 Zivov | AI-based chronic care platform is provided for patients and doctors. | Delhi, India | 2020 |
 Pytheos Health Systems | Provider of digital health platform to mange fitness & wellness | Bengaluru, India | 2016 |
 iQniter | Provider of guided training plans based on individual's heart rate | Aalborg, Denmark | 2011 |
 H2L | Smart bands for hand gesture tracking in VR are developed. | Tokyo, Japan | 2012 |
Business Activity of Variance Edventures Private Limited
The business activities of Variance Edventures are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | 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.
Auditor Details of Variance Edventures Private Limited
Variance Edventures Private Limited is audited by Sharath Udupi & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sharath Udupi & Co. | 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 Variance Edventures Private Limited
Variance Edventures has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemanth Also directs: Bangalore Agri Innovation Private Limited | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Gagan Gowda Ramachandra Tungani | Director | 03 Apr 2022 | 4 Years 6 Months | Current |
| Pavan Kumar Aswatha Kumar | Director | 20 Sep 2018 | 8 Years 0 Months | Current |
Financials of Variance Edventures Private Limited FY 2025 filings available
Variance Edventures Private Limited reported revenue of ₹1,921 (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Variance Edventures Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years. 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 Variance Edventures 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 | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Variance Edventures Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Variance Edventures are in the company report.
Financial statements from FY 2019
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.
Ownership and Shareholding of Variance Edventures 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 Variance Edventures Private Limited
Variance Edventures Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Variance Edventures Private Limited
Employment history and EPFO contributions of people linked to Variance Edventures.
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.
GST Compliance of Variance Edventures Private Limited
Variance Edventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCV5853M1ZJ | Karnataka | Active | 15 Oct 2018 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Variance Edventures 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 Variance Edventures 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 Variance Edventures 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.
MCA Filings & Documents of Variance Edventures 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.
Recent Activity on Variance Edventures Private Limited
Frequently Asked Questions about Variance Edventures Private Limited
Variance Edventures is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U80301KA2018PTC116643.
Variance Edventures has 3 current directors:
- Hemanth - Director
- Gagan Gowda Ramachandra Tungani - Director
- Pavan Kumar Aswatha Kumar - Director
The GSTIN of Variance Edventures is 29AAGCV5853M1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Variance Edventures is U80301KA2018PTC116643. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Variance Edventures was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Yes, Variance Edventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Variance Edventures can be reached through the website varianceedventures.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Variance Edventures is at No. 242 Ags Layout Arehalli Bda 11th Main Subramanyapura Post, Bangalore, Karnataka, India – 560061.
Variance Edventures has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.