Varishta Technologies Private Limited
About Varishta Technologies Private Limited
Data last updated:
Varishta Technologies Private Limited was a private limited company based in Madurai, 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 hosting and related activities segment of the technology and IT services sector. It was incorporated on 28 June 2010.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2010PTC076338.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Sithiah Saravanan and Sivachandran Navaneethakrishnan.
Its last annual general meeting (AGM) was held on 28 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 82/7 Paravai Aibea Nagar B – Colony, Madurai, Tamil Nadu, India – 625402.
As per the financials filed for FY 2018, the company reported a revenue of ₹94,405, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹86,722 (net margin -91.9%) and EBITDA of -₹65,714 (EBITDA margin -69.6%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years.
Company details
Contact details
Varishta Technologies Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address82/7 Paravai Aibea Nagar B – Colony, Madurai, Tamil Nadu, India – 625402
- IndustryInformation Technology, Hosting and Related Activities, Data Processing
To see the full contact details of Varishta Technologies 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
Business activity
The main business activity of Varishta Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
Financials of Varishta Technologies Private Limited
FY 2020 filings availableVarishta Technologies Private Limited reported revenue of ₹94,405 (down 91% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over three years, including a 91% fall in the latest year. EBITDA fell 581% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹65,714 | |||
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| Net Profit (PAT) | -₹86,722 | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | -69.6% | |||
| Net Profit Margin | -91.9% | |||
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To see the full financial statements and ratios of Varishta Technologies Private Limited, buy the company report.
Board of directors of Varishta Technologies Private Limited
Varishta Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sithiah Saravanan | Director | 28 Jun 2010 | 16 Years 3 Months | As last reported |
| Sivachandran Navaneethakrishnan | Director | 28 Jun 2010 | 16 Years 3 Months | As last reported |
Peer comparison
Varishta Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Searchicon Digital Private Limited | ₹97,266 (FY 2024) | -82.0% | Delhi, India | |||
| VGV Outsourcing Private Limited | ₹96,668 (FY 2024) | -85.0% | Delhi, India | |||
| Wvi Web Ventures India Private Limited | ₹95,760 (FY 2024) | -50.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Cerebrum Online Private Limited | ₹94,724 (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Cocobyte Software Solutions (OPC) Private Limited | ₹94,598 (FY 2025) | -70.0% | Mavelikkara, Kerala, India | |||
| Varishta Technologies Private Limitedthis company | ₹94,405 (FY 2018) | -₹86,722 | -91.9% | -91.0% | Madurai, Tamil Nadu, India | |
| Triosphere Tech Private Limited | ₹94,206 (FY 2024) | -59.0% | Ahmedabad, Gujarat, India | |||
| New Era E-Solutions Private Limited | ₹94,060 (FY 2025) | -11.0% | Delhi, India | |||
| Survika Vanijya Pvt Ltd | ₹94,000 (FY 2018) | 7.0% | Kolakta, West Bengal, India | |||
| Brainop Technologies Private Limited | ₹93,916 (FY 2025) | Delhi, India | ||||
| Nextech Portal Services Private Limited | ₹93,791 (FY 2023) | Keonjhar, Odisha, India |
To see the full peer comparison of Varishta Technologies Private Limited, buy the company report.
Auditor
Varishta Technologies Private Limited is audited by PONRAJ & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PONRAJ & CO | FY 2017 | 002672S |
Shareholding
The shareholding of Varishta Technologies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Varishta Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varishta Technologies 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 Varishta Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Varishta Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varishta Technologies Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Sithiah Saravanan was appointed as Director on 28 Jun 2010.
Frequently asked questions
Varishta Technologies 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.
Varishta Technologies was a private limited company based in Madurai, Tamil Nadu, India. The company worked in hosting and related activities, within the information technology industry. It was incorporated on 28 June 2010 and is registered under CIN U72200TN2010PTC076338. The company has been struck off by the Registrar of Companies and is no longer operational.
Varishta Technologies had 2 directors:
- Sithiah Saravanan - Director
- Sivachandran Navaneethakrishnan - Director
The CIN (Corporate Identification Number) of Varishta Technologies is U72200TN2010PTC076338. 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 Varishta Technologies is at 827 Paravai Aibea Nagar B – Colony, Madurai, Tamil Nadu, India – 625402.
Varishta Technologies was incorporated on 28 June 2010. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of Varishta Technologies on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 28 December 2020. Year-wise statements from 2015 are in the company report.
Varishta Technologies operated in the information technology industry, in the hosting and related activities segment. It worked in this industry before it was struck off.
The peers of Varishta Technologies by revenue are Searchicon Digital Private Limited, VGV Outsourcing Private Limited, Wvi Web Ventures India Private Limited, Cerebrum Online Private Limited, Cocobyte Software Solutions (OPC) Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Sithiah Saravanan was appointed as Director on 28 Jun 2010. Sivachandran Navaneethakrishnan was appointed as Director on 28 Jun 2010.
The compliance status of Varishta Technologies is compliant as of 15 September 2026.