About Varroc Connect Private Limited
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Varroc Connect Private Limited is a private limited company based in Aurangabad, Maharashtra, India, a subsidiary of Varroc Engineering Limited. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 11 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2013PTC351817. Its GSTIN is 27AAFCC1320F1Z8 (Maharashtra).
The company has an authorised share capital of ₹5.5 Lakh and a paid-up capital of ₹3.27 Lakh. It was formerly known as Cariq Technologies Private Limited. It is led by directors including Arjun Tarang Jain and Dhruv Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at L – 4 MIDC Industrial Area Waluj, Aurangabad, Maharashtra, India – 431136.
As per the financials filed for FY 2026, the company reported a revenue of ₹5.34 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹10.43 Cr (net margin -195.5%) and EBITDA of -₹9.09 Cr (EBITDA margin -170.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 2% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: CarIQ and Vyoma Media. The company has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹5.53 Cr; the latest was in August 2019. The company has 7 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mycariq.com.
Company details
CIN history
Varroc Connect has one previous CIN (Corporate Identification Number): U74900PN2013PTC145967. The current CIN is U74900MH2013PTC351817, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2013PTC351817 | Current |
| U74900PN2013PTC145967 | Previous |
Contact details
Varroc Connect Private Limited's registered office is in Aurangabad, Maharashtra. Its website is mycariq.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressL – 4 MIDC Industrial Area Waluj, Aurangabad, Maharashtra, India – 431136
- IndustryInternet, Online Financial Services
To see the full contact details of Varroc Connect 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
Brands
Varroc Connect operates two associated brands: CarIQ and Vyoma Media. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Vehicle diagnostics solutions are delivered via a SaaS-based OBD platform. | mycariq.com | |
| Cloud-based OOH digital signage management platform is operated. | vyoma-media.com |
Business activity
The main business activity of Varroc Connect is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Varroc Connect Private Limited, buy the company report.
Financials of Varroc Connect Private Limited
FY 2026 filings availableVarroc Connect Private Limited reported revenue of ₹5.34 Cr (up 3% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 32% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.43 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -170.4% | ||||
| Net Profit Margin | -195.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Varroc Connect Private Limited, buy the company report.
Board of directors of Varroc Connect Private Limited
Varroc Connect has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Tarang Jain Also directs: Varroc Engineering Limited, Varroc Dell'orto Private Limited | Director | 30 Aug 2019 | 7 Years 2 Months | Current |
| Dhruv Jain Also directs: Varroc Engineering Limited | Director | 15 May 2024 | 2 Years 5 Months | Current |
| Vinish Kathuria Also directs: Varroc Engineering Limited, Durovalves India Private Limited | Director | 30 Aug 2019 | 7 Years 2 Months | Current |
| Karumanchi Mahendra Kumar | Director | 14 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Varroc Connect Private Limited is audited by Kirtane & Pandit Llp for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit Llp | FY 2026 | 105215W/W100057 |
Shareholding
The shareholding of Varroc Connect Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varroc Connect Private Limited, buy the company report.
Deals & funding
Varroc Connect Private Limited has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹5.53 Cr; the latest was in August 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Acquisition | ₹19.24 Cr | Buyer: Varroc Engineering Limited Seller: Snow Leopard (Kirloskar Family Office), Cariq Technologies Private Limited Esop Trust, 2 individuals |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Oct 2014 | Funding round | ₹2.5 Cr | Investors: Snow Leopard (Kirloskar Family Office) |
| Aug 2014 | Funding round | ₹70.6 Lakh | Investors: Pose Ventures, Venture Factor, 2 individuals |
| Nov 2013 | Funding round | ₹13.9 Lakh | Investors: 3 individuals |
To see the full deal history of Varroc Connect Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Varroc Connect Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Varroc Connect Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avant Edge Business Consulting Private Limited | |||
| Baheti & Somani LLP |
To see the full MSME payment records of Varroc Connect Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Varroc Connect Private Limited has a workforce of 39 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 39 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Varroc Connect Private Limited, buy the company report.
GST
Varroc Connect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCC1320F1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varroc Connect Private Limited, buy the company report.
Recent activity
Varroc Connect Private Limited has 18 board changes on record since 2013: 4 appointments and 14 cessations. The latest: Dhruv Jain ceased to be Additional Director on 06 Aug 2024.
9 earlier events are in the company report.
News
Frequently asked questions
Varroc Connect is an active private limited company based in Aurangabad, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 11 January 2013 (13+ years old) and is registered under CIN U74900MH2013PTC351817.
Varroc Connect has 4 current directors:
- Arjun Tarang Jain - Director
- Dhruv Jain - Director
- Vinish Kathuria - Director
- Karumanchi Mahendra Kumar - Director
The latest financial statements of Varroc Connect on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varroc Connect is 27AAFCC1320F1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varroc Connect is U74900MH2013PTC351817. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varroc Connect was incorporated on 11 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Varroc Connect has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹5.53 Cr; the latest was in August 2019.
Dhruv Jain ceased to be Additional Director on 06 Aug 2024. Dhruv Jain was appointed as Director on 15 May 2024. Sagar Sharad Apte ceased to be Director on 31 Mar 2024. Varroc Connect has 18 board changes on record in total.
Varroc Connect has 7 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Varroc Connect can be reached through the website mycariq.com. Its registered office is in Aurangabad, Maharashtra, India.
The registered office of Varroc Connect is at L – 4 MIDC Industrial Area Waluj, Aurangabad, Maharashtra, India – 431136.
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