India's Richest People 2026 edition · 1 director · Source: Hurun India
- #399 B.M. Jayeshankar ₹9,300 Cr
Revenue · FY 2024
₹335.59 Cr
▲ 1540% YoY
Net profit · FY 2024
₹54.82 Cr
Net margin 16.3%
EBITDA · FY 2024
₹87.25 Cr
EBITDA margin 26%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹4 Lakh
Issued & subscribed
Open charges
₹13 Cr
Satisfied ₹609 Cr
Company age
15 yrs
Est. 2011
Directors on board
2
As per MCA filings
About Varin Infra Projects Private Limited
Data last updated:
Varin Infra Projects Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 August 2011 and has been in existence for over 15 years.
Its director B.M. Jayeshankar is #399 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2011PTC059980. Its GSTIN is 29AADCV7467N1ZE (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹4 Lakh. It is led by directors Jayeshankar Bilidale Madaiah and Karunesh Bilidale Madaiah.
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. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹335.59 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹54.82 Cr (net margin 16.3%) and EBITDA of ₹87.25 Cr (EBITDA margin 26%). Revenue has grown at a compounded annual rate (CAGR) of 224% over three years.
As per MCA filings, the company has open charges of ₹13 Cr and satisfied charges of ₹609 Cr on record. Court records list 17 cases involving the company, including 2 filed by the company and 15 filed against it; 3 cases are pending. The company has 1 deal on record (1 debt financing), with disclosed funding of ₹225 Cr; the latest was in September 2018. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 1 smaller; the largest is Wonder Space Properties Private Limited with revenue of ₹338.31 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 11 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adarshdevelopers.com.
Company details
CIN U45200KA2011PTC059980
Registration Number 059980
Incorporation Date 12 August 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Recognitions & Rankings of Varin Infra Projects
Contact details
Varin Infra Projects Private Limited's registered office is in Bengaluru, Karnataka. Its website is adarshdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Varin Infra Projects Private Limited, buy the company report.
Comprehensive company report
Varin Infra Projects 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 Varin Infra Projects is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Varin Infra Projects Private Limited, buy the company report.
Financials of Varin Infra Projects Private Limited
FY 2024 filings availableVarin Infra Projects Private Limited reported revenue of ₹335.59 Cr (up 1540% YoY) for FY 2024.
Revenue · FY 2024
₹335.59 Cr ▲ 1540%
Net profit · FY 2024
₹54.82 Cr margin 16.3%
EBITDA · FY 2024
₹87.25 Cr margin 26%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 224%
EBITDA CAGR growth
3 years · compounded
▲ 163%
5 years · compounded
▲ 338%
Revenue has grown at a compounded annual rate (CAGR) of 224% over three 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
| 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 | ₹87.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.82 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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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 | 26% | ||||
| Net Profit Margin | 16.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Varin Infra Projects Private Limited, buy the company report.
Board of directors of Varin Infra Projects Private Limited
Varin Infra Projects has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshankar Bilidale Madaiah | Director | 12 Aug 2011 | 15 Years 2 Months | Current |
| Karunesh Bilidale Madaiah Also directs: Akarsha Prime Project Private Limited, Vismaya Superprojects Private Limited, Akarshak Realty Private Limited and 5 more | Director | 12 Aug 2011 | 15 Years 2 Months | Current |
Peer comparison
Varin Infra Projects Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wonder Space Properties Private Limited | ₹338.31 Cr (FY 2020) | 5591.0% | Mumbai, Maharashtra, India | |||
| Khivraj Tech Park Private Limited | ₹337.86 Cr (FY 2024) | 33.0% | Chennai, Tamil Nadu, India | |||
| Varin Infra Projects Private Limitedthis company | ₹335.59 Cr (FY 2024) | ₹54.82 Cr | 16.3% | 1540.0% | Bengaluru, Karnataka, India | |
| NBK Real Estates Private Limited | ₹331.74 Cr (FY 2025) | -37.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Varin Infra Projects Private Limited, buy the company report.
Auditor
Varin Infra Projects Private Limited is audited by VANKADARI ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VANKADARI ASSOCIATES | FY 2022 | 025629 |
Shareholding
The shareholding of Varin Infra Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varin Infra Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13 Cr
Satisfied charges
₹609 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2019 | 100307981 | Others | ₹13 Cr | Open | |
| 12 Sep 2018 | 100207771 | Others | ₹170 Cr | Satisfied | |
| 12 Sep 2018 | 100208423 | Others | ₹225 Cr | Satisfied | |
| 22 Mar 2018 | 100189853 | Others | ₹20 Cr | Satisfied | |
| 18 Nov 2015 | 10626753 | Reliance Capital Ltd | ₹34 Cr | Satisfied |
To see the full charge records of Varin Infra Projects Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Varin Infra Projects Private Limited has 1 deal on record (1 debt financing), with disclosed funding of ₹225 Cr; the latest was in September 2018.
Total deals
1
Debt financing
1
Disclosed funding
₹225 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Debt financing | ₹225 Cr | Investors: HDFC Private Equity |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Varin Infra Projects Private Limited has 17 court cases on record: 2 filed by Varin Infra Projects, 15 filed against it. 3 cases are pending and 14 are disposed.
Total cases
17
Filed by the company
2
Filed against the company
15
Pending
3
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 3 |
| High courts | 2 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Reliance Home Finance Ltd | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Varin Infra Projects Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Varin Infra Projects Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 11 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| R.K. Readymix Concrete | |||
| Soundarya Decorators Private Limited | |||
| Vassam Solutions Private Limited |
To see the full MSME payment records of Varin Infra Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Varin Infra Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV7467N1ZE | Karnataka | Active | 05 Apr 2018 |
To see the full GST registrations and return filing status of Varin Infra Projects Private Limited, buy the company report.
Recent activity
Varin Infra Projects Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Jayeshankar Bilidale Madaiah was appointed as Director on 12 Aug 2011.
AGM
Varin Infra Projects Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100207771 with Others was fully satisfied on 18 Jun 2024.
Charges
A charge registered on 12 Sep 2018 via Charge ID 100208423 with Others was fully satisfied on 18 Jun 2024.
Filing
Varin Infra Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 225.00 Cr registered on 12 Sep 2018 with Charge ID 100208423 was modified on 08 Aug 2023.
Charges
A charge registered on 22 Mar 2018 via Charge ID 100189853 with Others was fully satisfied on 01 Sep 2022.
Charges
A charge with Others amounted to Rs. 13.00 Cr with Charge ID 100307981 was registered on 22 Nov 2019.
Charges
A charge with Others amounted to Rs. 170.00 Cr with Charge ID 100207771 was registered on 12 Sep 2018.
Charges
A charge with Others amounted to Rs. 225.00 Cr with Charge ID 100208423 was registered on 12 Sep 2018.
Charges
A charge registered on 18 Nov 2015 via Charge ID 10626753 with Reliance Capital Ltd was fully satisfied on 19 Apr 2018.
Charges
A charge registered on 07 Oct 2014 via Charge ID 10527224 with Reliance Capital Ltd was fully satisfied on 19 Apr 2018.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100189853 was registered on 22 Mar 2018.
8 earlier events are in the company report.
Frequently asked questions
Varin Infra Projects is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 August 2011 (15+ years old) and is registered under CIN U45200KA2011PTC059980.
Varin Infra Projects has 2 current directors:
- Jayeshankar Bilidale Madaiah - Director
- Karunesh Bilidale Madaiah - Director
The latest financial statements of Varin Infra Projects 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 Varin Infra Projects is 29AADCV7467N1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Varin Infra Projects is U45200KA2011PTC059980. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varin Infra Projects has 17 court cases on record: 2 filed by the company and 15 filed against it. 3 are pending. Most are in the district courts.
Varin Infra Projects was incorporated on 12 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Varin Infra Projects has 1 deal on record (1 debt financing), with disclosed funding of ₹225 Cr; the latest was in September 2018.
The peers of Varin Infra Projects by revenue are Wonder Space Properties Private Limited, Khivraj Tech Park Private Limited, NBK Real Estates Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Jayeshankar Bilidale Madaiah was appointed as Director on 12 Aug 2011. Karunesh Bilidale Madaiah was appointed as Director on 12 Aug 2011.
Varin Infra Projects has 5 MSME Form 1 returns on record between 2019 and 2020, listing 11 overdue payments to 5 micro and small suppliers. The latest return was filed on 24 Nov 2020.
Varin Infra Projects can be reached through the website adarshdevelopers.com. Its registered office is in Bengaluru, Karnataka, India.
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