MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0012025
Varite India Private Limited - business outsourcing in Gurugram, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹110.15 Cr
▲ 25% YoY
Net profit · FY 2025
₹1.35 Cr
Net margin 1.2%
EBITDA · FY 2025
₹2.53 Cr
EBITDA margin 2.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3.73 Lakh
Issued & subscribed
Open charges
₹8.98 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
755
Provident fund records
About Varite India Private Limited
Data last updated:
Varite India Private Limited is a private limited company based in Gurugram, Haryana, India, a subsidiary of Varite Inc. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 05 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72200HR2005PTC035582.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.73 Lakh. It is led by directors including Adarsh Katyal and Ashok Kumar Katyal.
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 Anisa House Building No.88 Sector – 44, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.15 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.35 Cr (net margin 1.2%) and EBITDA of ₹2.53 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 21% over five years.
The company has about 755 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Varite. As per MCA filings, the company has open charges of ₹8.98 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2013. The company has 9 MSME Form 1 returns on record between 2019 and 2022, listing 31 overdue payments to 11 micro and small suppliers.
Varite India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0012025). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varite.com.
Company details
CIN U72200HR2005PTC035582
Registration Number 035582
Incorporation Date 05 January 2005
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Varite Inc
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0012025
Recognitions & Rankings of Varite India
Contact details
Varite India Private Limited's registered office is in Gurugram, Haryana. Its website is varite.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAnisa House Building No.88 Sector – 44, Gurugram, Haryana, India – 122002
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Varite India Private Limited, buy the company report.
Comprehensive company report
Varite India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Varite India operates one associated brand: VARITE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides technical consulting, staffing, and technology solutions for Fortune 1000 clients worldwide. | varite.com |
Business activity
The main business activity of Varite India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Varite India Private Limited, buy the company report.
Financials of Varite India Private Limited
FY 2024 filings availableVarite India Private Limited reported revenue of ₹110.15 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹110.15 Cr ▲ 25%
Net profit · FY 2025
₹1.35 Cr margin 1.2%
EBITDA · FY 2025
₹2.53 Cr margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 14%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 101%
3 years · compounded
▼ 7%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 25% growth in the latest year. EBITDA rose 101% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varite India Private Limited, buy the company report.
Board of directors of Varite India Private Limited
Varite India has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adarsh Katyal | Director | 30 Jan 2009 | 17 Years 8 Months | Current |
| Ashok Kumar Katyal | Director | 05 Jan 2005 | 21 Years 9 Months | Current |
| Renu Katyal | Director | 18 Feb 2005 | 21 Years 8 Months | Current |
| Archana Katyal | Director | 05 Jan 2005 | 21 Years 9 Months | Current |
Auditor
Varite India Private Limited is audited by SUDHIR GUPTA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUDHIR GUPTA AND ASSOCIATES | FY 2023 | 06681N |
Shareholding
The shareholding of Varite India 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 Varite India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.98 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2022 | 100532496 | Citi Bank N.A. | ₹48.3 Lakh | Open | |
| 26 Apr 2019 | 100272245 | Citi Bank N.A. | ₹6.5 Cr | Open | |
| 24 Jan 2014 | 10474507 | Citi Bank N.A. | ₹2 Cr | Open |
To see the full charge records of Varite India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Varite India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Varite Inc & Adarsh Katyal, Varite Inc Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Varite India 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
Varite India Private Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 31 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Anisa Holdings Private Limited | |||
| Vectrae Infotech Private Limited | |||
| Greytip Software Private Limited |
To see the full MSME payment records of Varite India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Varite India Private Limited has a workforce of 755 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
755
Active EPFO establishments
1
Employee growth
-12.72%
GST
No GST registration is on our record for Varite India Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Varite India Private Limited has 5 board changes on record since 2005: 4 appointments and 1 cessation. The latest: Adarsh Katyal ceased to be Additional Director on 30 Sep 2009.
AGM
Varite India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Varite India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Citi Bank N.A. of Rs. 650.00 Lakh registered on 26 Apr 2019 with Charge ID 100272245 was modified on 28 Jul 2022.
Charges
A charge with Citi Bank N.A. amounted to Rs. 48.30 Lakh with Charge ID 100532496 was registered on 16 Jan 2022.
Charges
A charge with Citi Bank N.A. amounted to Rs. 650.00 Lakh with Charge ID 100272245 was registered on 26 Apr 2019.
Charges
A charge with Citi Bank N.A. of Rs. 200.00 Lakh registered on 24 Jan 2014 with Charge ID 10474507 was modified on 15 Sep 2017.
Charges
A charge with Citi Bank N.A. amounted to Rs. 200.00 Lakh with Charge ID 10474507 was registered on 24 Jan 2014.
Ceased
Adarsh Katyal ceased to be Additional Director.
Appointed
Adarsh Katyal was appointed as Director.
Appointed
Renu Katyal was appointed as Director.
Appointed
Archana Katyal was appointed as Director.
Appointed
Ashok Kumar Katyal was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Varite India is an active private limited company based in Gurugram, Haryana, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 05 January 2005 (21+ years old) and is registered under CIN U72200HR2005PTC035582.
Varite India has 4 current directors:
- Adarsh Katyal - Director
- Ashok Kumar Katyal - Director
- Renu Katyal - Director
- Archana Katyal - Director
The latest financial statements of Varite India 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 CIN (Corporate Identification Number) of Varite India is U72200HR2005PTC035582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varite India was incorporated on 05 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
Varite India has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
Adarsh Katyal ceased to be Additional Director on 30 Sep 2009. Adarsh Katyal was appointed as Director on 30 Jan 2009. Renu Katyal was appointed as Director on 18 Feb 2005. Varite India has 5 board changes on record in total.
Yes, Varite India is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0012025).
Varite India has 9 MSME Form 1 returns on record between 2019 and 2022, listing 31 overdue payments to 11 micro and small suppliers. The latest return was filed on 22 Nov 2022.
Varite India can be reached through the website varite.com. Its registered office is in Gurugram, Haryana, India.
The registered office of Varite India is at Anisa House Building No.88 Sector – 44, Gurugram, Haryana, India – 122002.