Varnalakshmi Industries Private Limited
About Varnalakshmi Industries Private Limited
Data last updated:
Varnalakshmi Industries Private Limited is a private limited company based in Madurai, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 20 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25199TN2012PTC085516. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.56 Cr. It is led by directors including Nithiyanandam Prabhu Anand (Managing Director) and Munirathinam Nithiyanandam.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at D.No.2/5 Gopalsamy Nagar Pasumalai, Madurai, Tamil Nadu, India – 625004.
As per the financials filed for FY 2017, the company reported a revenue of ₹4.01 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹65.65 Lakh (net margin -16.4%) and EBITDA of ₹8.29 Lakh (EBITDA margin 2.1%).
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Varnalakshmi Industries Private Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressD.No.2/5 Gopalsamy Nagar Pasumalai, Madurai, Tamil Nadu, India – 625004
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Varnalakshmi Industries Private Limited, buy the company report.
- 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
Business activity
The main business activity of Varnalakshmi Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Varnalakshmi Industries Private Limited, buy the company report.
Financials of Varnalakshmi Industries Private Limited
FY 2017 filings availableVarnalakshmi Industries Private Limited reported revenue of ₹4.01 Cr (up 337% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 337% in the latest year. EBITDA rose 123% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹4.01 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹8.29 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹65.65 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.1% | ||
| Net Profit Margin | -16.4% | ||
| 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 | |||
To see the full financial statements and ratios of Varnalakshmi Industries Private Limited, buy the company report.
Board of directors of Varnalakshmi Industries Private Limited
Varnalakshmi Industries has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munirathinam Nithiyanandam | Director | 07 Nov 2012 | 14 Years 0 Months | Current |
| Megalathalapathy | Director | 20 Apr 2012 | 14 Years 6 Months | Current |
| Nithiyanandam Prabhu Anand | Managing Director | 20 Apr 2012 | 14 Years 6 Months | Current |
| Nithiyanandam Kalavathy | Director | 07 Nov 2012 | 14 Years 0 Months | Current |
Peer comparison
Varnalakshmi Industries Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jiyaa Piyaa Textile Private Limited | ₹4.02 Cr (FY 2025) | -2.0% | Surat, Gujarat, India | |||
| Shri Chandel International Private Limited | ₹4.02 Cr (FY 2024) | 13.0% | Jaipur, Rajasthan, India | |||
| Varnalakshmi Industries Private Limitedthis company | ₹4.01 Cr (FY 2017) | -₹65.65 Lakh | -16.4% | 337.0% | Madurai, Tamil Nadu, India | |
| Kothari Textiles Private Limited | ₹3.99 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Varnalakshmi Industries Private Limited, buy the company report.
Auditor
Varnalakshmi Industries Private Limited is audited by CHARLES FERNANDO & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHARLES FERNANDO & CO | FY 2017 | 000604S |
Shareholding
The shareholding of Varnalakshmi Industries Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Varnalakshmi Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2013 | 10446027 | State Bank of India | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Varnalakshmi Industries Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Overseas Polymers Pvt Ltd | Disposed |
To see the full case history of Varnalakshmi 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 Varnalakshmi Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varnalakshmi Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Varnalakshmi Industries Private Limited, buy the company report.
Recent activity
Varnalakshmi Industries Private Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Thalapathy Durai Gopalsamy ceased to be Director on 21 Oct 2013.
1 earlier event is in the company report.
Frequently asked questions
Varnalakshmi Industries is an active private limited company based in Madurai, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 20 April 2012 (14+ years old) and is registered under CIN U25199TN2012PTC085516.
Varnalakshmi Industries has 4 current directors:
- Nithiyanandam Prabhu Anand - Managing Director
- Munirathinam Nithiyanandam - Director
- Megalathalapathy - Director
- Nithiyanandam Kalavathy - Director
The latest financial statements of Varnalakshmi Industries on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
No. Varnalakshmi Industries has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Varnalakshmi Industries is U25199TN2012PTC085516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varnalakshmi Industries has 1 court case on record: 1 filed against it.
Varnalakshmi Industries was incorporated on 20 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Varnalakshmi Industries by revenue are Jiyaa Piyaa Textile Private Limited, Shri Chandel International Private Limited, Kothari Textiles Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (textile, leather and other apparel products).
Thalapathy Durai Gopalsamy ceased to be Director on 21 Oct 2013. Megalathalapathy ceased to be Managing Director on 14 Aug 2013. Nithiyanandam Prabhu Anand ceased to be Director on 14 Aug 2013. Varnalakshmi Industries has 9 board changes on record in total.
The registered office of Varnalakshmi Industries is at D.No.25 Gopalsamy Nagar Pasumalai, Madurai, Tamil Nadu, India – 625004.
Varnalakshmi Industries operates in the home and lifestyle industry, in the textile retail and distribution segment.
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