Varman Aviation Private Limited

Varman Aviation Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U62200KA1994PTC015955 Incorporated 20 July 1994 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company transport and logistics MSME · Small
Data last updated
Revenue · FY 2025
₹58.95 Cr
▲ 230% YoY
Net profit · FY 2025
₹1.76 Cr
Net margin 3%
EBITDA · FY 2025
₹4.37 Cr
EBITDA margin 7.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.57 Cr
Issued & subscribed
Open charges
₹9.95 Cr
Satisfied ₹14.46 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
32
Provident fund records

About Varman Aviation Private Limited

Data last updated:

Varman Aviation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 20 July 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62200KA1994PTC015955. Its GSTIN is 29AAACV5940K1ZX (Karnataka).

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.57 Cr. It is led by directors including Neena Raj (Managing Director) and Alavalapati Veerabhadra Reddy (Managing Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Aviation Complex Epip Plot No: 16 & 17 Road No: 7 Whitefield, Bangalore, Karnataka, India – 560066.

As per the financials filed for FY 2025, the company reported a revenue of ₹58.95 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.76 Cr (net margin 3%) and EBITDA of ₹4.37 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 42% over five years.

The company has about 32 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Varman Aviation. As per MCA filings, the company has open charges of ₹9.95 Cr and satisfied charges of ₹14.46 Cr on record. Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it; 1 case is pending.

Varman Aviation Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0029817). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varman.com.

Company Details of Varman Aviation Private Limited
CIN U62200KA1994PTC015955
Registration Number 015955
Incorporation Date 20 July 1994
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0029817

CIN History

Varman Aviation has one previous CIN (Corporate Identification Number): U99999KA1994PTC015955. The current CIN is U62200KA1994PTC015955, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U62200KA1994PTC015955Current
U99999KA1994PTC015955Previous
Key People
Neena Raj Managing Director Alavalapati Veerabhadra Reddy Managing Director Sanjeev Varman Managing Director

Recognitions & Rankings of Varman Aviation

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0029817
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    varman.com
  • Social Media
  • Registered Address
    Aviation Complex Epip Plot No: 16 & 17 Road No: 7 Whitefield, Bangalore, Karnataka, India – 560066
  • Industry
    Transport and Logistics, Aircraft & Component Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Varman Aviation Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands

Varman Aviation operates one associated brand: Varman Aviation. Each brand links to its own profile.

BrandDescriptionWebsite
Varman Aviation
Engine maintenance, repair, and overhaul services in aerospace, including piston and turboprop engines, along with material management and NDT in India.varman.com

Business Activity

The main business activity of Varman Aviation is trade. In detail, this covers wholesale trading.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
Premium access

Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Financials of Varman Aviation Private Limited

FY 2024 filings available

Varman Aviation Private Limited reported revenue of ₹58.95 Cr (up 230% YoY) for FY 2025.

Revenue · FY 2025
₹58.95 Cr ▲ 230%
Net profit · FY 2025
₹1.76 Cr margin 3%
EBITDA · FY 2025
₹4.37 Cr margin 7.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 230%
3 years · compounded
▲ 51%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▲ 132%
3 years · compounded
▲ 38%
5 years · compounded
▲ 22%

Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 230% growth in the latest year. EBITDA rose 132% 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

MetricsFY 2024-25FY 2020-21 to FY 2023-24in the company report
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₹4.37 Cr
Profit Before Tax••••
Tax Expense••••
Net Profit (PAT)₹1.76 Cr
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

MetricsFY 2024-25FY 2020-21 to FY 2023-24in the company report
Profitability
EBITDA Margin7.4%
Net Profit Margin3%
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, and every line for FY 2020-21 to FY 2023-24, 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 Varman Aviation are in the company report.

Financial statements from 2015: available in the company report

Board of Directors of Varman Aviation Private Limited

Varman Aviation has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Neena RajManaging Director06 Aug 199432 Years 2 MonthsCurrent
Alavalapati Veerabhadra ReddyManaging Director01 Jan 200224 Years 9 MonthsCurrent
Chelur Rangachar RamanujacharDirector01 Feb 20179 Years 8 MonthsCurrent
Sanjeev VarmanManaging Director16 Jun 199630 Years 4 MonthsCurrent
Navneet VarmanManaging Director20 Jul 199432 Years 3 MonthsCurrent
Kamala VarmanDirector12 Sep 200521 Years 1 MonthsCurrent
View all directors

Auditor Details

Varman Aviation Private Limited is audited by MANOJ KUMAR for the financial year 2021.

NameStatusAppointment DateCessation Date
MANOJ KUMARLockedLockedLocked

Complete auditor history: available in the company report

Ownership and Shareholding

Shareholding and ownership data: available in the company report

Charges & Borrowings

Open charges
₹9.95 Cr
Satisfied charges
₹14.46 Cr
Breakdown by lending institutions
Canara Bank₹9.95 Cr
Latest charge details
DateLenderAmountStatus
09 Jan 2023Canara Bank₹30 LakhOpen
23 Dec 2022Canara Bank₹65 LakhOpen
30 May 2009Canara Bank₹9 CrOpen
02 Feb 2006Canara Bank₹10.11 CrSatisfied
25 Sep 2005Hdfc Bank Ltd₹2.75 CrSatisfied

Total charge records: 6 View all charges

Employees and EPFO Compliance

Varman Aviation Private Limited has a workforce of 32 employees as of Mar 29, 2024.

Employee count
32
Active EPFO establishments
1
Employee growth
3.23%

Employee and EPFO history: available in the company report

Recent Activity

Varman Aviation Private Limited has 11 board changes on record since 1994: 6 appointments and 5 cessations. The latest: Chelur Rangachar Ramanujachar was appointed as Director on 01 Feb 2017.

AGM
Varman Aviation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Canara Bank of Rs. 9.00 Cr registered on 30 May 2009 with Charge ID 10166979 was modified on 02 May 2025.
Filing
Varman Aviation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 0.30 Cr with Charge ID 100671156 was registered on 09 Jan 2023.
Charges
A charge with Canara Bank amounted to Rs. 0.65 Cr with Charge ID 100671913 was registered on 23 Dec 2022.
Appointed
Chelur Rangachar Ramanujachar was appointed as Director.
Charges
A charge registered on 02 Feb 2006 via Charge ID 80023827 with Canara Bank was fully satisfied on 09 Oct 2015.
Ceased
Chelur Rangachar Ramanujachar ceased to be Director.
Ceased
Madan Mohan Varman ceased to be Managing Director.
Charges
A charge with Canara Bank amounted to Rs. 9.00 Cr with Charge ID 10166979 was registered on 30 May 2009.
Charges
A charge registered on 25 Sep 2005 via Charge ID 80051705 with Hdfc Bank Ltd was fully satisfied on 07 Apr 2009.
Charges
A charge registered on 19 Sep 2005 via Charge ID 80051245 with H.D.F.C. Bank was fully satisfied on 07 Apr 2009.

13 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts

Credit ratings, litigation, and regulatory alerts: available in the company report

MSME Payment Delays

MSME payment history: available in the company report

Subsidiaries & Group Companies

Corporate group structure: available in the company report

GST Compliance

Varman Aviation has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAACV5940K1ZXKarnatakaActive01 Jul 2017

GST registrations and filing compliance: available in the company report

MCA Filings & Documents

MCA filings and documents: available in the company report

Frequently Asked Questions

Varman Aviation is an active private limited company based in Bangalore, Karnataka, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 20 July 1994 (32+ years old) and is registered under CIN U62200KA1994PTC015955.

Varman Aviation has 6 current directors:

The latest financial statements of Varman Aviation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Varman Aviation is 29AAACV5940K1ZX, registered in Karnataka.

The CIN (Corporate Identification Number) of Varman Aviation is U62200KA1994PTC015955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Varman Aviation has 17 court cases on record: 11 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.

Varman Aviation was incorporated on 20 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.

Chelur Rangachar Ramanujachar was appointed as Director on 01 Feb 2017. Chelur Rangachar Ramanujachar ceased to be Director on 01 Dec 2014. Madan Mohan Varman ceased to be Managing Director on 22 Oct 2012. Varman Aviation has 11 board changes on record in total.

Yes, Varman Aviation is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0029817).

Varman Aviation can be reached through the website varman.com. Its registered office is in Bangalore, Karnataka, India.

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