About Varidh Business Solutions Private Limited
Data last updated:
Varidh Business Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 14 October 2016.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2016PTC112924. The company has 5 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Abhinav Bhandari (Whole-Time Director) and Surana Koushik Kamalchand.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Old No 32 Krishnappa Tank Street Konditope, Chennai, Tamil Nadu, India – 600079.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.65 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.63 Lakh (net margin 99.1%) and EBITDA of ₹1.63 Lakh (EBITDA margin 99.1%). Revenue has declined at a compounded annual rate (CAGR) of 81% over three years and 62% over five years.
The last known website on record is varidh.com.
Company details
CIN history
Varidh Business Solutions has one previous CIN (Corporate Identification Number): U74999TN2016PTC112924. The current CIN is U74110TN2016PTC112924, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110TN2016PTC112924 | Current |
| U74999TN2016PTC112924 | Previous |
Contact details
Varidh Business Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is varidh.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No 32 Krishnappa Tank Street Konditope, Chennai, Tamil Nadu, India – 600079
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Varidh Business Solutions 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
Financials of Varidh Business Solutions Private Limited
FY 2024 filings availableVaridh Business Solutions Private Limited reported revenue of ₹1.65 Lakh (up 976% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 976% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 62%. EBITDA rose 302% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.63 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.1% | ||||
| Net Profit Margin | 99.1% | ||||
| 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 Varidh Business Solutions Private Limited, buy the company report.
Board of directors of Varidh Business Solutions Private Limited
Varidh Business Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surana Koushik Kamalchand | Director | 01 Sep 2017 | 9 Years 2 Months | As last reported |
| Hemanth Thanmal | Director | 18 Jul 2017 | 9 Years 3 Months | As last reported |
| Abhinav Bhandari Also directs: Teal Impact Partners LLP, Rupiestry Labs Private Limited | Whole-Time Director | 30 Nov 2018 | 7 Years 11 Months | As last reported |
Auditor
Varidh Business Solutions Private Limited is audited by N N KUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N N KUMAR & ASSOCIATES | FY 2023 | 231963 |
Shareholding
The shareholding of Varidh Business Solutions 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 Varidh Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varidh Business 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 Varidh Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varidh Business Solutions has 5 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 Varidh Business Solutions Private Limited, buy the company report.
Recent activity
Varidh Business Solutions Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Sunil Abar ceased to be Additional Director on 22 Mar 2019.
Frequently asked questions
Varidh Business Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Varidh Business Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 14 October 2016 and is registered under CIN U74110TN2016PTC112924. The company has been struck off by the Registrar of Companies and is no longer operational.
Varidh Business Solutions had 3 directors:
- Abhinav Bhandari - Whole-Time Director
- Surana Koushik Kamalchand - Director
- Hemanth Thanmal - Director
The CIN (Corporate Identification Number) of Varidh Business Solutions is U74110TN2016PTC112924. 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 Varidh Business Solutions is at Old No 32 Krishnappa Tank Street Konditope, Chennai, Tamil Nadu, India – 600079.
Varidh Business Solutions was incorporated on 14 October 2016. It is registered with the Registrar of Companies, Chennai.
Varidh Business Solutions can be reached through the website varidh.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Varidh Business Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
No. Varidh Business Solutions has 5 GST registrations on record and all of them are cancelled or inactive.
Varidh Business Solutions operated in the business outsourcing industry, in the business and IT consulting segment. It worked in this industry before it was struck off.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
