MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0029817
Varman Aviation Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
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
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.
| CIN | Status |
|---|---|
| U62200KA1994PTC015955 | Current |
| U99999KA1994PTC015955 | Previous |
Key People
Neena Raj Managing Director Alavalapati Veerabhadra Reddy Managing Director Sanjeev Varman Managing Director Recognitions & Rankings of Varman Aviation
Contact details
Varman Aviation Private Limited's registered office is in Bangalore, Karnataka. Its website is varman.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAviation Complex Epip Plot No: 16 & 17 Road No: 7 Whitefield, Bangalore, Karnataka, India – 560066
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
To see the full contact details of Varman Aviation Private Limited, buy the company report.
Comprehensive company report
Varman Aviation 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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Brands
Varman Aviation operates one associated brand: Varman Aviation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Varman Aviation Private Limited, buy the company report.
Financials of Varman Aviation Private Limited
FY 2024 filings availableVarman 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹4.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.76 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 | 7.4% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Varman Aviation Private Limited, buy 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
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neena Raj | Managing Director | 06 Aug 1994 | 32 Years 2 Months | Current |
| Alavalapati Veerabhadra Reddy | Managing Director | 01 Jan 2002 | 24 Years 9 Months | Current |
| Chelur Rangachar Ramanujachar | Director | 01 Feb 2017 | 9 Years 8 Months | Current |
| Sanjeev Varman | Managing Director | 16 Jun 1996 | 30 Years 4 Months | Current |
| Navneet Varman | Managing Director | 20 Jul 1994 | 32 Years 3 Months | Current |
| Kamala Varman | Director | 12 Sep 2005 | 21 Years 1 Months | Current |
Auditor
Varman Aviation Private Limited is audited by MANOJ KUMAR for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ KUMAR | FY 2021 | 205956 |
Shareholding
The shareholding of Varman Aviation Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varman Aviation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.95 Cr
Satisfied charges
₹14.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jan 2023 | 100671156 | Canara Bank | ₹30 Lakh | Open | |
| 23 Dec 2022 | 100671913 | Canara Bank | ₹65 Lakh | Open | |
| 30 May 2009 | 10166979 | Canara Bank | ₹9 Cr | Open | |
| 02 Feb 2006 | 80023827 | Canara Bank | ₹10.11 Cr | Satisfied | |
| 25 Sep 2005 | 80051705 | Hdfc Bank Ltd | ₹2.75 Cr | Satisfied |
To see the full charge records of Varman Aviation Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Varman Aviation Private Limited has 17 court cases on record: 11 filed by Varman Aviation, 6 filed against it. 1 case is pending and 16 are disposed.
Total cases
17
Filed by the company
11
Filed against the company
6
Pending
1
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 1 |
| District courts | 4 | 4 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Hindustan Aeronautics Limited | Disposed |
| Patna High Court | Court case (C.Misc.) | Filed by the company against an individual | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against an individual | Disposed |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against Directorate of Civil Aviation, Government of Bihar | Disposed |
| Supreme Court | Court case (1429-Criminal Matters : Matters for/against quashing of criminal proceedings) | Filed against the company by The Assistant Commissioner of Customs (Legal) | Disposed |
To see the full case history of Varman Aviation Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varman Aviation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varman Aviation Private Limited has a workforce of 32 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
3.23%
GST
Varman Aviation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV5940K1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varman Aviation Private Limited, buy 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 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:
- Neena Raj - Managing Director
- Alavalapati Veerabhadra Reddy - Managing Director
- Sanjeev Varman - Managing Director
- Navneet Varman - Managing Director
- Chelur Rangachar Ramanujachar - Director
- Kamala Varman - Director
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.