Varima Fashions Pvt Ltd
About Varima Fashions Pvt Ltd
Data last updated:
Varima Fashions Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 15 March 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17299WB2006PTC108565. Its GSTIN is 19AACCV2299R1ZC (West Bengal).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42.5 Lakh. It is led by directors Vivek Baid and Vineet Baid.
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 107/1 Park Street 3rd Floor, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.96 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹46.04 Lakh (net margin 1.8%) and EBITDA of ₹2.12 Cr (EBITDA margin 8.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹8.38 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varima Fashions Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address107/1 Park Street 3rd Floor, Kolkata, West Bengal, India – 700016
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Varima Fashions Pvt Ltd, 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
Business activity
The main business activity of Varima Fashions is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Varima Fashions Pvt Ltd, buy the company report.
Financials of Varima Fashions Pvt Ltd
FY 2024 filings availableVarima Fashions Pvt Ltd reported revenue of ₹25.96 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 5% 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 | ₹2.12 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹46.04 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varima Fashions Pvt Ltd, buy the company report.
Board of directors of Varima Fashions Pvt Ltd
Varima Fashions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Baid | Director | 30 May 2006 | 20 Years 5 Months | Current |
| Vineet Baid Also directs: Varima Jewels Private Limited, Express Properties Pvt Ltd, Questqueen Devcon LLP and 4 more | Director | 29 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Varima Fashions Pvt Ltd is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tusker Designs (I) Private Limited | ₹26.01 Cr (FY 2025) | 35.0% | Chennai, Tamil Nadu, India | |||
| Shivasakthi Fashions Private Limited | ₹25.99 Cr (FY 2024) | -13.0% | Erode, Tamil Nadu, India | |||
| Royal India Clothing Company Private Limited | ₹25.98 Cr (FY 2024) | 57.0% | Chennai, Tamil Nadu, India | |||
| Sri Gajalakshmi Cotspin India Private Limited | ₹25.97 Cr (FY 2025) | 19.0% | Coimbatore, Tamil Nadu, India | |||
| Varima Fashions Pvt Ltdthis company | ₹25.96 Cr (FY 2024) | ₹46.04 Lakh | 1.8% | 15.0% | Kolkata, West Bengal, India | |
| Shivshakti Tradelink Private Limited | ₹25.95 Cr (FY 2025) | 13.0% | Kalol, Gujarat, India | |||
| Shree Rudra Shakti Industries Private Limited | ₹25.92 Cr (FY 2018) | 24.0% | Hyderabad, Telangana, India | |||
| Krishna Ayu Textiles Private Limited | ₹25.87 Cr (FY 2025) | 25.0% | Ludhiana, Punjab, India | |||
| Giriraj Nature Care Bags Private Limited | ₹25.87 Cr (FY 2025) | 105.0% | Kolkata, West Bengal, India | |||
| Romano Apparels Private Limited | ₹25.86 Cr (FY 2024) | -23.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varima Fashions Pvt Ltd, buy the company report.
Auditor
Varima Fashions Pvt Ltd is audited by KHOWALA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHOWALA & CO | FY 2023 | 311126E |
Shareholding
The shareholding of Varima Fashions Pvt Ltd 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 Varima Fashions Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2022 | 100590462 | Hdfc Bank Limited | ₹6 Lakh | Open | |
| 21 Sep 2013 | 10449654 | Others | ₹8.32 Cr | Open |
To see the full charge records of Varima Fashions Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Varima Fashions Pvt Ltd 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
Varima Fashions Pvt Ltd has 6 MSME Form 1 returns on record between 2021 and 2023, listing 396 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krishna Emporium Pvt Ltd | |||
| an individual supplier | |||
| Saboo Sarees Private Limited | |||
| Shanti Vanijya Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Varima Fashions Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Varima Fashions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCV2299R1ZC | West Bengal | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Varima Fashions Pvt Ltd, buy the company report.
Recent activity
Varima Fashions Pvt Ltd has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Navneet Pandey ceased to be Director on 30 Mar 2012.
Frequently asked questions
Varima Fashions is an active private limited company based in Kolkata, West Bengal, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 15 March 2006 (20+ years old) and is registered under CIN U17299WB2006PTC108565.
Varima Fashions has 2 current directors:
- Vivek Baid - Director
- Vineet Baid - Director
The latest financial statements of Varima Fashions 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 2015 are in the company report.
The GSTIN of Varima Fashions is 19AACCV2299R1ZC, registered in West Bengal.
The CIN (Corporate Identification Number) of Varima Fashions is U17299WB2006PTC108565. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varima Fashions was incorporated on 15 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Varima Fashions by revenue are Tusker Designs (I) Private Limited, Shivasakthi Fashions Private Limited, Royal India Clothing Company Private Limited, Sri Gajalakshmi Cotspin India Private Limited, Shivshakti Tradelink Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Navneet Pandey ceased to be Director on 30 Mar 2012. Navneet Pandey ceased to be Director on 30 Mar 2012. Vineet Baid was appointed as Director on 29 Mar 2012. Varima Fashions has 4 board changes on record in total.
Varima Fashions has 6 MSME Form 1 returns on record between 2021 and 2023, listing 396 overdue payments to 20 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Varima Fashions is at 1071 Park Street 3rd Floor, Kolkata, West Bengal, India – 700016.
Varima Fashions operates in the manufacturing industry, in the textile and fabric production segment.
Varima Fashions has open charges of ₹8.38 Cr and no satisfied charges on record as per latest MCA filings.
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