Varni Microfinance Private Limited - Company Profile

It is a financial services private limited company based in Udupi, Karnataka, India, established in 2011.

2011 Udupi, Karnataka, India Struck Off

Last Updated: July 23, 2025

About Varni Microfinance Private Limited

Varni Microfinance Private Limited, a struck off private limited company, was established on 21 January 2011 in Udupi, Karnataka, India. Engaging in consultancy within the financial and insurance service sector, it holds CIN: U67190KA2011PTC056761. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹2.50 Cr and a paid-up capital of ₹3.00 M.

Formerly known as Varni Capital And Financial Services Private Limited. It upholds a compliant status. Its leadership includes Savitha Nayak (Director), Sudhish Nayak (Managing Director). Past directors included Savitha Nayak, Usha Nayak, Sudhish Nayak. Its latest AGM occurred on 28 September 2019, with the balance sheet filed on 31 March 2019. It is based at No.11, 3Rd Floor Maithri Complex Near Service Bus Stand, Udupi, Karnataka, 576101.

Company Details

CIN/LLPIN
U67190KA2011PTC056761
Registration Number
056761
Incorporation Date
21 January 2011
Authorized Capital
₹2.50 Cr
Paid-Up Capital
₹3.00 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Struck Off

Key Metrics

Authorised Capital ₹ 2.50 Cr as on 23-07-2025
Paid Up Capital ₹ 3.00 M as on 23-07-2025
Company Age 15 Year, 20 Days
Last Filing with ROC 31 Mar 2019

Comprehensive Company Insights

Explore comprehensive insights into Varni Microfinance Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Varni Microfinance Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Savitha Nayak	Director	28 Feb 2011	Current
Sudhish Nayak	Managing Director	18 Oct 2012	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	17 Oct 2012	Past
Pramod Abcsdd	Director	22 May 2018	Past
Pramod Abcsdd	Managing Director	30 Apr 2011	Past

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Financial Performance of Varni Microfinance.

Varni Microfinance Private Limited, for the financial year ended 2017, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

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What is the Ownership and Shareholding Structure of Varni Microfinance?

In 2017, Varni Microfinance had a promoter holding of 80.00% and a public holding of 20.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Varni Microfinance?

Unlock and access historical data on people associated with Varni Microfinance, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Varni Microfinance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varni Microfinance's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Varni Microfinance

Recent Activity within the Organization

Annual General Meeting

Progress on Varni Microfinance Private Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records. was documented.
28 Sep 2019
Balance Sheet

Progress on Varni Microfinance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Bangalore. was documented.
31 Mar 2019
Director Appointment

The activity Sudhish Nayak was appointed as a Managing Director was appointed as a Managing Director on 18 Oct 2012 & has been associated with this company since 13 years 3 months . was completed.
18 Oct 2012
Director Appointment

Savitha Nayak was appointed as a Director was appointed as a Director on 28 Feb 2011 & has been associated with this company since 14 years 11 months . was recorded as a recent event.
28 Feb 2011
Company Incorporation

The activity Varni Microfinance Private Limited was registered on 21 Jan 2011 with Roc Bangalore & aged 15 years 20 days as per MCA records. was completed.
21 Jan 2011

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Frequently Asked Questions

What is the CIN of Varni Microfinance Private Limited?

The CIN of Varni Microfinance Private Limited is U67190KA2011PTC056761.

Where is Varni Microfinance Private Limited headquartered?

Varni Microfinance Private Limited is headquartered at No.11, 3Rd Floor Maithri Complex Near Service Bus Stand, Udupi, Karnataka, 576101.

When was Varni Microfinance Private Limited incorporated?

Varni Microfinance Private Limited was incorporated on 21 January 2011.

Who are the current directors of Varni Microfinance Private Limited?

The current directors of Varni Microfinance Private Limited are

What is the primary industry of Varni Microfinance Private Limited?

The primary industry of Varni Microfinance Private Limited is Financial And Insurance Service.

Is Varni Microfinance Private Limited a listed company?

Varni Microfinance Private Limited is unlisted.

What is the capital structure of Varni Microfinance Private Limited?

The authorized capital of Varni Microfinance Private Limited is ₹2.50 Cr, and the paid-up capital is ₹3.00 M.

What is the compliance status of Varni Microfinance Private Limited?

The compliance status of Varni Microfinance Private Limited is Compliant.

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