MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KR-03-0102641
Varma Teleservices India Private Limited - telecom in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹16.89 Lakh
▼ 93% YoY
Net loss · FY 2022
₹11.75 Lakh
Net margin -69.6%
EBITDA · FY 2022
₹14,320
EBITDA margin 0.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹95 Lakh
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
4
Provident fund records
About Varma Teleservices India Private Limited
Data last updated:
Varma Teleservices India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the telecom service providers segment of the telecommunications sector. It was incorporated on 19 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64201KA2009PTC051232. Its GSTIN is 29AADCV2449J1ZY (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Madhiraju Ramaswamy Raju Sujatha and Sagiraju Doraswamiraju Prakash Varma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No.31 2nd Floor G M Ramakrishnappa Layout 2nd Main Sanjaynagar Main Road, Bangalore, Karnataka, India – 560094.
As per the financials filed for FY 2022, the company reported a revenue of ₹16.89 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹11.75 Lakh (net margin -69.6%) and EBITDA of ₹14,320 (EBITDA margin 0.8%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years and 37% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹95 Lakh on record.
Varma Teleservices India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0102641). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varmagroup.in.
Company details
CIN U64201KA2009PTC051232
Registration Number 051232
Incorporation Date 19 October 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0102641
Key People
Sagiraju Doraswamiraju Prakash Varma Additional Director Madhiraju Ramaswamy Raju Sujatha Director Recognitions & Rankings of Varma Teleservices India
Contact details
Varma Teleservices India Private Limited's registered office is in Bangalore, Karnataka. Its website is varmagroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.31 2nd Floor G M Ramakrishnappa Layout 2nd Main Sanjaynagar Main Road, Bangalore, Karnataka, India – 560094
- IndustryTelecom, Telecom Service Providers
To see the full contact details of Varma Teleservices India Private Limited, buy the company report.
Comprehensive company report
Varma Teleservices 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
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Business activity
The main business activity of Varma Teleservices India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Varma Teleservices India Private Limited, buy the company report.
Financials of Varma Teleservices India Private Limited
FY 2022 filings availableVarma Teleservices India Private Limited reported revenue of ₹16.89 Lakh (down 93% YoY) for FY 2022.
Revenue · FY 2022
₹16.89 Lakh ▼ 93%
Net loss · FY 2022
₹11.75 Lakh margin -69.6%
EBITDA · FY 2022
₹14,320 margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
3 years · compounded
▼ 68%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 83%
5 years · compounded
▼ 60%
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 93% fall in the latest year. EBITDA fell 99% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹14,320 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.75 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | -69.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Varma Teleservices India Private Limited, buy the company report.
Board of directors of Varma Teleservices India Private Limited
Varma Teleservices India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagiraju Doraswamiraju Prakash Varma Also directs: Leo Concrete Private Limited | Additional Director | 18 Jan 2023 | 3 Years 9 Months | Current |
| Madhiraju Ramaswamy Raju Sujatha | Director | 07 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Varma Teleservices India Private Limited is audited by VINUTHA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINUTHA & CO | FY 2020 | 014301S |
Shareholding
The shareholding of Varma Teleservices India Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Varma Teleservices India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹95 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2020 | 100331394 | Syndicate Bank | ₹95 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varma Teleservices 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
No delayed payments to MSME suppliers are on our record for Varma Teleservices India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varma Teleservices India Private Limited has a workforce of 4 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
Employee growth
-20%
GST
Varma Teleservices India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV2449J1ZY | Karnataka | Active | 01 Jul 2017 |
| 33AADCV2449J1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varma Teleservices India Private Limited, buy the company report.
Recent activity
Varma Teleservices India Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Sagiraju Doraswamiraju Prakash Varma was appointed as Additional Director on 18 Jan 2023.
Appointed
Sagiraju Doraswamiraju Prakash Varma was appointed as Additional Director.
AGM
Varma Teleservices India Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Varma Teleservices India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Charges
A charge with Syndicate Bank amounted to Rs. 95.00 Lakh with Charge ID 100331394 was registered on 24 Feb 2020.
Ceased
Sagiraju Arun Kumar ceased to be Additional Director.
Ceased
Sagiraju Doraswamiraju Prakash Varma ceased to be Director.
Ceased
Madhiraju Ramaswamy Raju Sujatha ceased to be Additional Director.
Appointed
Madhiraju Ramaswamy Raju Sujatha was appointed as Director.
Incorporation
19 Oct 2009
Varma Teleservices India Private Limited was registered on 19 Oct 2009 with Roc Bangalore & aged 17 years 16 days as per MCA records.
Frequently asked questions
Varma Teleservices India is an active private limited company based in Bangalore, Karnataka, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 19 October 2009 (17+ years old) and is registered under CIN U64201KA2009PTC051232.
Varma Teleservices India has 2 current directors:
- Sagiraju Doraswamiraju Prakash Varma - Additional Director
- Madhiraju Ramaswamy Raju Sujatha - Director
The latest financial statements of Varma Teleservices India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Varma Teleservices India is 29AADCV2449J1ZY, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AADCV2449J1Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of Varma Teleservices India is U64201KA2009PTC051232. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varma Teleservices India was incorporated on 19 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Sagiraju Doraswamiraju Prakash Varma was appointed as Additional Director on 18 Jan 2023. Sagiraju Arun Kumar ceased to be Additional Director on 30 Sep 2019. Sagiraju Doraswamiraju Prakash Varma ceased to be Director on 14 Jun 2019. Varma Teleservices India has 5 board changes on record in total.
Yes, Varma Teleservices India is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0102641).
Varma Teleservices India can be reached through the website varmagroup.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Varma Teleservices India is at No.31 2nd Floor G M Ramakrishnappa Layout 2nd Main Sanjaynagar Main Road, Bangalore, Karnataka, India – 560094.
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