About Varka Labs Private Limited
Data last updated:
Varka Labs Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 13 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U85300TG2019PTC137567. Its GSTIN is 36AAHCV2170L1Z1 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sigatapu Veeralakshmana Vardhan and Kapil Gupta.
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 Ground Floor 4 – 1 – 896/1 2 Sri Rama Towers Tilak Road, Hyderabad, Telangana, India – 500001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.84 Lakh, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹1.5 Lakh (net margin -81.1%) and EBITDA of -₹1.49 Lakh (EBITDA margin -81%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
The company is associated with 1 brand: Cannarie.
For more details, the company can be reached via its website cannarie.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGround Floor 4 – 1 – 896/1 2 Sri Rama Towers Tilak Road, Hyderabad, Telangana, India – 500001
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Varka Labs Private Limited
The main business activity of Varka Labs is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Varka Labs Private Limited FY 2024 filings available
Varka Labs Private Limited reported revenue of ₹1.84 Lakh (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Varka Labs Private Limited
Revenue fell 62% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 78% 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 of Varka Labs Private Limited
| 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 | -₹1.49 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.5 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Varka Labs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -81% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -81.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Varka Labs are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Varka Labs Private Limited
Varka Labs Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Wholesale Trading). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Doroly Foods Private Limited | ₹1.85 Lakh (FY 2020) | •••• | •••• | •••• | Burdwan, West Bengal, India | |
| Weu Global Private Limited | ₹1.85 Lakh (FY 2023) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Abhilasha Vintrade Private Limited | ₹1.85 Lakh (FY 2025) | •••• | •••• | -95.0% | •••• | Kolkata, West Bengal, India |
| Innovedge Solutions Private Limited | ₹1.85 Lakh (FY 2019) | •••• | •••• | -37.0% | •••• | Bhubaneswar, Odisha, India |
| Benchmark Entertainment Private Limited | ₹1.84 Lakh (FY 2025) | •••• | •••• | 113.0% | •••• | Ahmedabad, Gujarat, India |
| Varka Labs Private Limited this company | ₹1.84 Lakh (FY 2024) | •••• | •••• | -62.0% | •••• | Hyderabad, Telangana, India |
| Dispro Ro Systems Private Limited | ₹1.84 Lakh (FY 2022) | •••• | •••• | -9.0% | •••• | Lucknow, Uttar Pradesh, India |
| Ranpriya Tradevin Private Limited | ₹1.84 Lakh (FY 2021) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
| Sondhi Polyamide Pvt Ltd | ₹1.84 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Punjab, India |
| Dreamstide Adventures Private Limited | ₹1.84 Lakh (FY 2024) | •••• | •••• | •••• | Joida, Karnataka, India | |
| Prime Trading Private Limited | ₹1.84 Lakh (FY 2017) | •••• | •••• | -95.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Varka Labs by revenue in the same principal business activity (Wholesale Trading), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Varka Labs Private Limited
Varka Labs Private Limited is audited by SHARAD CHANDRA TOSHNIWAL & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARAD CHANDRA TOSHNIWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Varka Labs Private Limited
Varka Labs 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 |
|---|---|---|---|---|
| Sigatapu Veeralakshmana Vardhan Also directs: Sways Software Consulting LLP, Gincom Ventures LLP, Sealink Impex Pharma Private Limited and 5 more | Director | 13 Dec 2019 | 6 Years 9 Months | Current |
| Kapil Gupta | Director | 13 Dec 2019 | 6 Years 9 Months | Current |
Ownership and Shareholding of Varka Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varka Labs Private Limited
Varka Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Varka Labs Private Limited
Varka Labs operates one associated brand: Cannarie. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cannarie provides comprehensive solutions for hemp-based nutritional and wellness products. | cannarie.com |
Employees and EPFO Compliance at Varka Labs Private Limited
Employment history and EPFO contributions of people linked to Varka Labs.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Varka Labs Private Limited
Varka Labs Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Divya Gupta ceased to be Additional Director on 30 Aug 2022.
Credit Ratings, Litigation & Regulatory Alerts for Varka Labs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varka Labs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varka Labs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varka Labs Private Limited
Varka Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAHCV2170L1Z1 | Telangana | Active | 20 Oct 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varka Labs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varka Labs Private Limited
Varka Labs is an active private limited company based in Hyderabad, Telangana, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 13 December 2019 (7+ years old) and is registered under CIN U85300TG2019PTC137567.
Varka Labs reported revenue of ₹1.84 Lakh for FY 2024 (down 62% YoY).
Varka Labs has 2 current directors:
- Sigatapu Veeralakshmana Vardhan - Director
- Kapil Gupta - Director
Varka Labs reported a net loss of ₹1.5 Lakh (net margin -81.1%) and EBITDA of -₹1.49 Lakh (EBITDA margin -81%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varka Labs is 17% over three years. In the latest year (FY 2024) revenue fell 62%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varka Labs is 36AAHCV2170L1Z1, registered in Telangana.
The CIN (Corporate Identification Number) of Varka Labs is U85300TG2019PTC137567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varka Labs was incorporated on 13 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Varka Labs by revenue are Doroly Foods Private Limited, Weu Global Private Limited, Abhilasha Vintrade Private Limited, Innovedge Solutions Private Limited, Benchmark Entertainment Private Limited and 5 more, all in the same principal business activity (Wholesale Trading).
Divya Gupta ceased to be Additional Director on 30 Aug 2022. Kapil Gupta was appointed as Director on 13 Dec 2019. Sigatapu Veeralakshmana Vardhan was appointed as Director on 13 Dec 2019.
Varka Labs can be reached through the website cannarie.com. Its registered office is in Hyderabad, Telangana, India.