About Varifab Engineering Private Limited
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Varifab Engineering Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 22 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28113TN2015PTC101494. Its GSTIN is 33AAFCV1812P2Z5 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Sundaram Lakshmi Kumar and Ilamaran Padmani (Manager).
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 is at No.10 P.K.M. Road Athipet, Chennai, Tamil Nadu, India – 600058.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.54 Lakh. For the same year it recorded a net profit of ₹85,860 (net margin 2.6%) and EBITDA of ₹1.2 Lakh (EBITDA margin 3.7%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 39% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹3.11 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website varifab.com.
Company details
Contact details
Varifab Engineering Private Limited's registered office is in Chennai, Tamil Nadu. Its website is varifab.com.
- Website
- Registered AddressNo.10 P.K.M. Road Athipet, Chennai, Tamil Nadu, India – 600058
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
Business activity
The main business activity of Varifab Engineering is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Varifab Engineering Private Limited, buy the company report.
Financials of Varifab Engineering Private Limited
FY 2024 filings availableVarifab Engineering Private Limited reported revenue of ₹32.54 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years. EBITDA rose 431% 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 |
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| EBITDA | ₹1.2 Lakh | ||||
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| Net Profit (PAT) | ₹85,860 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 3.7% | ||||
| Net Profit Margin | 2.6% | ||||
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To see the full financial statements and ratios of Varifab Engineering Private Limited, buy the company report.
Board of directors of Varifab Engineering Private Limited
Varifab Engineering has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundaram Lakshmi Kumar Also directs: Varicon Sustainergy Dynamics Limited | Director | 22 Jul 2015 | 11 Years 3 Months | Current |
| Ilamaran Padmani | Manager | 22 Sep 2022 | 4 Years 1 Months | Current |
Auditor
Varifab Engineering Private Limited is audited by RAMVEL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMVEL & ASSOCIATES | FY 2021 | 013382S |
Shareholding
The shareholding of Varifab Engineering Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varifab Engineering Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2016 | 10622079 | Others | ₹3.11 Cr | Satisfied |
To see the full charge records of Varifab Engineering Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varifab Engineering 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 Varifab Engineering Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varifab Engineering Private Limited has a workforce of 9 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Varifab Engineering has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCV1812P2Z5 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varifab Engineering Private Limited, buy the company report.
Recent activity
Varifab Engineering Private Limited has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Ganesan Sundarraj ceased to be Managing Director on 24 Sep 2022.
1 earlier event is in the company report.
Frequently asked questions
Varifab Engineering is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 22 July 2015 (11+ years old) and is registered under CIN U28113TN2015PTC101494.
Varifab Engineering has 2 current directors:
- Sundaram Lakshmi Kumar - Director
- Ilamaran Padmani - Manager
The latest financial statements of Varifab Engineering 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 2016 are in the company report.
The GSTIN of Varifab Engineering is 33AAFCV1812P2Z5, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Varifab Engineering is U28113TN2015PTC101494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varifab Engineering was incorporated on 22 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
Ganesan Sundarraj ceased to be Managing Director on 24 Sep 2022. Ilamaran Padmani was appointed as Manager on 22 Sep 2022. Nawaz ceased to be Director on 28 Feb 2018. Varifab Engineering has 7 board changes on record in total.
Varifab Engineering can be reached through the website varifab.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Varifab Engineering is at No.10 P.K.M. Road Athipet, Chennai, Tamil Nadu, India – 600058.
Varifab Engineering operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.