MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-MH-19-0063600
Varnada Industries Private Limited - automotive in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹16.54 Cr
▲ 6% YoY
Net loss · FY 2023
₹6.6 Cr
Net margin -39.9%
EBITDA · FY 2023
-₹83.2 Lakh
EBITDA margin -5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹14.91 Cr
Satisfied ₹29.12 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
3
Provident fund records
About Varnada Industries Private Limited
Data last updated:
Varnada Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 15 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U25203MH2010PTC210054. Its GSTIN is 27AADCV4601N1Z4 (Maharashtra). The company holds 9 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors Uttam Prakash Bhat and Prakash Ganpathi Bhat.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 23 M K Brothers Industrial Estate Jari Mari Andheri Kurla Road, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.54 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹6.6 Cr (net margin -39.9%) and EBITDA of -₹83.2 Lakh (EBITDA margin -5%). Revenue has declined at a compounded annual rate (CAGR) of 34% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.91 Cr and satisfied charges of ₹29.12 Cr on record. Court records list 18 cases involving the company, including 1 filed by the company and 17 filed against it; 7 cases are pending.
Varnada Industries Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0063600). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varnaindia.com.
Company details
CIN U25203MH2010PTC210054
Registration Number 210054
Incorporation Date 15 November 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0063600
Recognitions & Rankings of Varnada Industries
Contact details
Varnada Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is varnaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23 M K Brothers Industrial Estate Jari Mari Andheri Kurla Road, Mumbai, Maharashtra, India – 400072
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Varnada Industries Private Limited, buy the company report.
Comprehensive company report
Varnada Industries 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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Financials of Varnada Industries Private Limited
FY 2023 filings availableVarnada Industries Private Limited reported revenue of ₹16.54 Cr (up 6% YoY) for FY 2023.
Revenue · FY 2023
₹16.54 Cr ▲ 6%
Net loss · FY 2023
₹6.6 Cr margin -39.9%
EBITDA · FY 2023
-₹83.2 Lakh margin -5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
5 years · compounded
▼ 34%
EBITDA CAGR growth
1 year
▲ 96%
5 years · compounded
▼ 16%
Revenue rose 6% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA rose 96% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹83.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5% | ||||
| Net Profit Margin | -39.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Varnada Industries Private Limited, buy the company report.
Board of directors of Varnada Industries Private Limited
Varnada Industries 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 |
|---|---|---|---|---|
| Uttam Prakash Bhat Also directs: U2 Electrics Private Limited, Varna Appliances Private Limited | Director | 28 Dec 2010 | 15 Years 9 Months | Current |
| Prakash Ganpathi Bhat | Director | 31 Dec 2021 | 4 Years 9 Months | Current |
Peer comparison
Varnada Industries Private Limited is compared with the 8 companies closest to it by revenue in the Automobiles industry (Auto Ancillary, Electronic Appliances Manufacturing), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Electrowing Technologies Private Limited | ₹16.58 Cr (FY 2025) | -6.0% | Rmv Extn, Karnataka, India | |||
| RDM Enterprises Private Limited | ₹16.55 Cr (FY 2025) | 33.0% | Ram Nagar, Palwal, Haryana, India | |||
| Delight Industries Private Limited | ₹16.55 Cr (FY 2025) | 5.0% | Ratnagiri, Maharashtra, India | |||
| Varnada Industries Private Limitedthis company | ₹16.54 Cr (FY 2023) | -₹6.6 Cr | -39.9% | 6.0% | 3 | Mumbai, Maharashtra, India |
| Montaplast India Private Limited | ₹16.52 Cr (FY 2023) | 74.0% | Mumbai, Maharashtra, India | |||
| Sof Glow Technologies Private Limited | ₹16.51 Cr (FY 2024) | -35.0% | Daultabad, Haryana, India | |||
| Everest Stabilisers Private Limited | ₹16.46 Cr (FY 2025) | 31.0% | Teynampet, Chennai-18, Tamil Nadu, India | |||
| Hella Emobionics Private Limited | ₹16.45 Cr (FY 2025) | -20.0% | Delhi, India | |||
| Belmont Rubber Private Limited | ₹16.44 Cr (FY 2024) | 9.0% | Faridabad, Haryana, India |
To see the full peer comparison of Varnada Industries Private Limited, buy the company report.
Auditor
Varnada Industries Private Limited is audited by R S NEGI AND CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R S NEGI AND CO | FY 2019 | 119587W |
Shareholding
The shareholding of Varnada Industries Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varnada Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.91 Cr
Satisfied charges
₹29.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101131990 | Others | ₹9.91 Cr | Open | |
| 24 Jan 2025 | 101095451 | Others | ₹5 Cr | Open | |
| 02 Mar 2017 | 100082728 | Others | ₹18.75 Lakh | Satisfied | |
| 24 Jan 2017 | 100077395 | Others | ₹18.5 Lakh | Satisfied | |
| 16 Dec 2013 | 10467648 | Canara Bank | ₹27.55 Cr | Satisfied |
To see the full charge records of Varnada Industries Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Varnada Industries Private Limited has 18 court cases on record: 1 filed by Varnada Industries, 17 filed against it. 7 cases are pending and 11 are disposed.
Total cases
18
Filed by the company
1
Filed against the company
17
Pending
7
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 13 | 7 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Appeal | Filed against the company by Yunca Machinery Manufacturing Pvt. Ltd | Pending |
| High Court, GOA | Court case (AAR) | Filed against the company by Yunca Machinery Manufacturing Pvt. Ltd., THR. Its Aut. Rep., Mahesh Upadhye | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Moneywise Financial Services Pvt. Ltd | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Petrochem Asia Private Limited Through Its Ar Rajkumar Pal | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Sanjeevani Packaging Pvt. Ltd Through Shashikant R. Chamadia | Disposed |
To see the full case history of Varnada Industries 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 Varnada Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varnada Industries Private Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-78.57%
GST
Varnada Industries has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
5
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV4601N1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 30AADCV4601N1ZH | Goa | Active | 01 Jul 2017 |
| 09AADCV4601N1Z2 | Uttar Pradesh | Active | 30 Dec 2017 |
| 20AADCV4601N1ZI | Jharkhand | Active | 09 Jan 2018 |
To see the full GST registrations and return filing status of Varnada Industries Private Limited, buy the company report.
Recent activity
Varnada Industries Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Prakash Ganpathi Bhat was appointed as Director on 31 Dec 2021.
AGM
Varnada Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 9.91 Cr with Charge ID 101131990 was registered on 31 Jul 2025.
Charges
A charge registered on 02 Mar 2017 via Charge ID 100082728 with Others was fully satisfied on 09 Apr 2025.
Charges
A charge registered on 24 Jan 2017 via Charge ID 100077395 with Others was fully satisfied on 09 Apr 2025.
Charges
A charge registered on 16 Dec 2013 via Charge ID 10467648 with Canara Bank was fully satisfied on 09 Apr 2025.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101095451 was registered on 24 Jan 2025.
Filing
Varnada Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Appointed
Prakash Ganpathi Bhat was appointed as Director.
Ceased
Ujwala Prakash Bhat ceased to be Additional Director.
Ceased
Ishwari Prakash Bhat ceased to be Director.
Ceased
Prakash Ganpathi Bhat ceased to be Director.
Charges
A charge with Canara Bank of Rs. 27.55 Cr registered on 16 Dec 2013 with Charge ID 10467648 was modified on 30 Jun 2020.
7 earlier events are in the company report.
Frequently asked questions
Varnada Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 15 November 2010 (16+ years old) and is registered under CIN U25203MH2010PTC210054.
Varnada Industries has 2 current directors:
- Uttam Prakash Bhat - Director
- Prakash Ganpathi Bhat - Director
The latest financial statements of Varnada Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varnada Industries is 27AADCV4601N1Z4, registered in Maharashtra. The company has 9 GST registrations in all, of which 5 are active and 4 are cancelled or inactive. Other active GSTINs include 30AADCV4601N1ZH (Goa), 09AADCV4601N1Z2 (Uttar Pradesh), 20AADCV4601N1ZI (Jharkhand).
The CIN (Corporate Identification Number) of Varnada Industries is U25203MH2010PTC210054. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varnada Industries has 18 court cases on record: 1 filed by the company and 17 filed against it. 7 are pending. Most are in the district courts.
Varnada Industries was incorporated on 15 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varnada Industries by revenue are Electrowing Technologies Private Limited, RDM Enterprises Private Limited, Delight Industries Private Limited, Montaplast India Private Limited, Sof Glow Technologies Private Limited and 3 more, all in the Automobiles industry (Auto Ancillary, Electronic Appliances Manufacturing), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Prakash Ganpathi Bhat was appointed as Director on 31 Dec 2021. Ujwala Prakash Bhat ceased to be Additional Director on 31 Dec 2021. Ishwari Prakash Bhat ceased to be Director on 27 Dec 2021. Varnada Industries has 5 board changes on record in total.
Yes, Varnada Industries is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0063600).
Varnada Industries can be reached through the website varnaindia.com. Its registered office is in Mumbai, Maharashtra, India.