MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-TN-27-0036736
Varnik Systems Services Private Limited - information technology in Tiruchirappalli, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2019
₹2.8 Cr
▼ 1% YoY
Net profit · FY 2019
₹7.31 Lakh
Net margin 2.6%
EBITDA · FY 2019
₹13.4 Lakh
EBITDA margin 4.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Employees · EPFO
20
Provident fund records
Directors on board
4
As per MCA filings
About Varnik Systems Services Private Limited
Data last updated:
Varnik Systems Services Private Limited is a private limited company based in Tiruchirappalli, Tamil Nadu, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 20 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2009PTC071056. Its GSTIN is 33AACCV9665K2ZR (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Muruga Prakash Bagavathinathan and Thangaiah Bagavathinathan.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.1 Ist Cross Sundar Nagar, Tiruchirappalli, Tamil Nadu, India – 620021.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.8 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.31 Lakh (net margin 2.6%) and EBITDA of ₹13.4 Lakh (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 18% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
Varnik Systems Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-27-0036736). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website varnikcloud.com.
Company Details of Varnik Systems Services Private Limited
CIN U72200TN2009PTC071056
Registration Number 071056
Incorporation Date 20 March 2009
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-27-0036736
Key People
Muruga Prakash Bagavathinathan Director Thangaiah Bagavathinathan Director Pandy Athipathy Director Recognitions & Rankings of Varnik Systems Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.1 Ist Cross Sundar Nagar, Tiruchirappalli, Tamil Nadu, India – 620021
- IndustryInformation Technology, Web Design & Maintenance Services
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Business Activity of Varnik Systems Services Private Limited
The main business activity of Varnik Systems Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Varnik Systems Services Private Limited FY 2019 filings available
Varnik Systems Services Private Limited reported revenue of ₹2.8 Cr (down 1% YoY) for FY 2019.
Revenue · FY 2019
₹2.8 Cr ▼ 1%
Net profit · FY 2019
₹7.31 Lakh margin 2.6%
EBITDA · FY 2019
₹13.4 Lakh margin 4.8%
Compounded Annual Growth Rate (CAGR) of Varnik Systems Services Private Limited
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 6%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 11%
5 years · compounded
▲ 16%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 14% 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 of Varnik Systems Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹13.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.31 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 of Varnik Systems Services Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 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 Varnik Systems Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Varnik Systems Services Private Limited
Varnik Systems Services has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muruga Prakash Bagavathinathan | Director | 20 Mar 2009 | 17 Years 7 Months | Current |
| Thangaiah Bagavathinathan | Director | 20 Mar 2009 | 17 Years 7 Months | Current |
| Pandy Athipathy | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
| Athipathy Anitha | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Peer Comparison of Varnik Systems Services Private Limited
Varnik Systems Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Website Design and Maintenance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Esteem People Graphics Solutions Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| Subhosting Innovations Private Limited | ₹2.85 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Thiruvananthapuram, Kerala, India |
| Ingenious Netsoft Private Limited | ₹2.83 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Wincosolve Technologies Private Limited | ₹2.81 Cr (FY 2020) | •••• | •••• | 141.0% | •••• | Kolkata, West Bengal, India |
| 4A Financial Technologies Private Limited | ₹2.81 Cr (FY 2024) | •••• | •••• | 213.0% | •••• | Pune, Maharashtra, India |
| Varnik Systems Services Private Limited this company | ₹2.8 Cr (FY 2019) | •••• | •••• | -1.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Digidoers India Private Limited | ₹2.8 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Jaipur, Rajasthan, India |
| Atlas Soft Web Private Limited | ₹2.77 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Ahmedabad, Gujarat, India |
| KPGS Web Private Limited | ₹2.76 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Thane, Maharashtra, India |
| Cnaps Intellicad Private Limited | ₹2.75 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Hyderabad, Telangana, India |
| Blue Ripples Technologies Private Limited | ₹2.75 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the five companies nearest above and the five nearest below Varnik Systems Services by revenue in the Information Technology industry (Website Design and Maintenance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Varnik Systems Services Private Limited
Varnik Systems Services Private Limited is audited by V NARAYANAN & CO for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V NARAYANAN & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Varnik Systems Services Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Varnik Systems Services Private Limited
Varnik Systems Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varnik Systems Services Private Limited
Varnik Systems Services Private Limited has a workforce of 20 employees as of Apr 03, 2024.
Employee count
20
Active EPFO establishments
2
Employee growth
17.65%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Varnik Systems Services Private Limited
Varnik Systems Services Private Limited has 4 board changes on record since 2009: 4 appointments. The latest: Athipathy Anitha was appointed as Director on 01 Jul 2009.
AGM
Varnik Systems Services Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Filing
Varnik Systems Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Chennai.
Appointed
Athipathy Anitha was appointed as Director.
Appointed
Pandy Athipathy was appointed as Director.
Appointed
Muruga Prakash Bagavathinathan was appointed as Director.
Appointed
Thangaiah Bagavathinathan was appointed as Director.
Incorporation
20 Mar 2009
Varnik Systems Services Private Limited was registered on 20 Mar 2009 with Roc Chennai & aged 17 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Varnik Systems Services Private Limited
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MSME Payment Delays by Varnik Systems Services Private Limited
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Subsidiaries & Group Companies of Varnik Systems Services Private Limited
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GST Compliance of Varnik Systems Services Private Limited
Varnik Systems Services has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCV9665K2ZR | Tamil Nadu | Active | 01 Jul 2017 |
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MCA Filings & Documents of Varnik Systems Services Private Limited
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Frequently Asked Questions about Varnik Systems Services Private Limited
Varnik Systems Services is an active private limited company based in Tiruchirappalli, Tamil Nadu, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 20 March 2009 (17+ years old) and is registered under CIN U72200TN2009PTC071056.
Varnik Systems Services reported revenue of ₹2.8 Cr for FY 2019 (down 1% YoY).
Varnik Systems Services has 4 current directors:
- Muruga Prakash Bagavathinathan - Director
- Thangaiah Bagavathinathan - Director
- Pandy Athipathy - Director
- Athipathy Anitha - Director
Varnik Systems Services reported a net profit of ₹7.31 Lakh (net margin 2.6%) and EBITDA of ₹13.4 Lakh (EBITDA margin 4.8%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varnik Systems Services is 6% over three years and 18% over five years. In the latest year (FY 2019) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varnik Systems Services is 33AACCV9665K2ZR, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Varnik Systems Services is U72200TN2009PTC071056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varnik Systems Services was incorporated on 20 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Varnik Systems Services by revenue are Esteem People Graphics Solutions Private Limited, Subhosting Innovations Private Limited, Ingenious Netsoft Private Limited, Wincosolve Technologies Private Limited, 4A Financial Technologies Private Limited and 5 more, all in the Information Technology industry (Website Design and Maintenance).
Athipathy Anitha was appointed as Director on 01 Jul 2009. Pandy Athipathy was appointed as Director on 01 Jul 2009. Muruga Prakash Bagavathinathan was appointed as Director on 20 Mar 2009. Varnik Systems Services has 4 board changes on record in total.
Yes, Varnik Systems Services is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-27-0036736).