About Varnitech Solution Private Limited
Data last updated:
Varnitech Solution Private Limited is a private limited company based in Anand, Gujarat, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2018PTC102166. Its GSTIN is 24AAGCV4106R1ZZ (Gujarat). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Janki Padhiar and Shweta Prashant Soni.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Trushar Opp. New House Bh Sheetal House Bakrol Road Vallabh Vidhyanagar, Anand, Gujarat, India – 388120.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.34 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹43.04 Lakh (net margin 2.5%) and EBITDA of ₹79.88 Lakh (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹1 Cr on record.
For more details, the company can be reached via its website varni.tech.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressTrushar Opp. New House Bh Sheetal House Bakrol Road Vallabh Vidhyanagar, Anand, Gujarat, India – 388120
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Varnitech Solution Private Limited
The main business activity of Varnitech Solution 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Varnitech Solution Private Limited FY 2025 filings available
Varnitech Solution Private Limited reported revenue of ₹17.34 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Varnitech Solution Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 58% growth in the latest year. EBITDA rose 315% 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 Varnitech Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹17.34 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹79.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹43.04 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 Varnitech Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.5% | •••• | •••• | •••• | •••• |
| 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 Varnitech Solution are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Varnitech Solution Private Limited
Varnitech Solution Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maples Imaging Solution Private Limited | ₹17.43 Cr (FY 2019) | •••• | •••• | 43.0% | •••• | Pune, Maharashtra, India |
| Aheadrace Software Development Services Private Limited | ₹17.43 Cr (FY 2023) | •••• | •••• | 26.0% | •••• | Secunderabad, Telangana, India |
| Gloplax Solutions Private Limited | ₹17.4 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Bangalore, Karnataka, India |
| Planeprog Technology Labs Private Limited | ₹17.39 Cr (FY 2025) | •••• | •••• | 208.0% | •••• | Hyderabad, Telangana, India |
| Dynamic Octopus Technology Private Limited | ₹17.37 Cr (FY 2023) | •••• | •••• | 1770.0% | •••• | Banaswadi, Karnataka, India |
| Digitec Engineers and Computech Private Limited | ₹17.34 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Indore, Madhya Pradesh, India |
| Deliverhealth Services Private Limited | ₹17.34 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Varnitech Solution Private Limited this company | ₹17.34 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Anand, Gujarat, India |
| Mindquad Solutions Private Limited | ₹17.31 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Ahmedabad, Gujarat, India |
| Vidyoai Ventures Private Limited | ₹17.29 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| Xtratrust Digisign Private Limited | ₹17.28 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Varnitech Solution by revenue in the same principal business activity (Other information & communication service activities), 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 Varnitech Solution Private Limited
Varnitech Solution Private Limited is audited by HITEN AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HITEN AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Varnitech Solution Private Limited
Varnitech Solution has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janki Padhiar | Director | 06 Aug 2019 | 7 Years 2 Months | Current |
| Shweta Prashant Soni Also directs: Cloudshapers Services LLP, Shri Radharaman Synergies LLP, Cloudshapers Technologies Private Limited and 1 more | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Prashant Vinubhai Soni | Director | 04 May 2018 | 8 Years 5 Months | Current |
Ownership and Shareholding of Varnitech Solution Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Varnitech Solution Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2023 | Axis Bank Limited | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Varnitech Solution Private Limited
Employment history and EPFO contributions of people linked to Varnitech Solution.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Varnitech Solution Private Limited
Varnitech Solution Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Janki Padhiar ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Varnitech Solution Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Varnitech Solution Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Varnitech Solution Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Varnitech Solution Private Limited
Varnitech Solution has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCV4106R1ZZ | Gujarat | Active | 07 Jun 2018 |
| 27AAGCV4106R1ZT | Maharashtra | Active | 29 Jun 2020 |
| 29AAGCV4106R1ZP | Karnataka | Active | 04 Jul 2020 |
| 36AAGCV4106R1ZU | Telangana | Active | 23 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Varnitech Solution Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Varnitech Solution Private Limited
Varnitech Solution is an active private limited company based in Anand, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U72900GJ2018PTC102166.
Varnitech Solution reported revenue of ₹17.34 Cr for FY 2025 (up 58% YoY).
Varnitech Solution has 3 current directors:
- Janki Padhiar - Director
- Shweta Prashant Soni - Director
- Prashant Vinubhai Soni - Director
Varnitech Solution reported a net profit of ₹43.04 Lakh (net margin 2.5%) and EBITDA of ₹79.88 Lakh (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varnitech Solution is 37% over three years and 30% over five years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varnitech Solution is 24AAGCV4106R1ZZ, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAGCV4106R1ZT (Maharashtra), 29AAGCV4106R1ZP (Karnataka), 36AAGCV4106R1ZU (Telangana).
The CIN (Corporate Identification Number) of Varnitech Solution is U72900GJ2018PTC102166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varnitech Solution was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varnitech Solution by revenue are Maples Imaging Solution Private Limited, Aheadrace Software Development Services Private Limited, Gloplax Solutions Private Limited, Planeprog Technology Labs Private Limited, Dynamic Octopus Technology Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Janki Padhiar ceased to be Additional Director on 30 Sep 2019. Janki Padhiar was appointed as Director on 06 Aug 2019. Prashant Vinubhai Soni was appointed as Director on 04 May 2018. Varnitech Solution has 4 board changes on record in total.
Yes, Varnitech Solution is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).