MSME (Udyam registered) Ministry of MSME
- Category
- Small (2020-21)
- Udyam number
- UDYAM-WB-14-0001920
Varsace Apparels Private Limited - e-commerce in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.08 Cr
▲ 76% YoY
Net profit · FY 2024
₹7.96 Lakh
Net margin 0.9%
EBITDA · FY 2024
₹1.05 Cr
EBITDA margin 11.6%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.28 Cr
Issued & subscribed
Open charges
₹6.59 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
1
Provident fund records
About Varsace Apparels Private Limited
Data last updated:
Varsace Apparels Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 13 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U17291WB2014PTC203055. Its GSTIN is 19AAECV8696G1ZK (West Bengal).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.28 Cr. It is led by directors Ajita Khaitan and Amit Khaitan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Apparel Park, Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.08 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net profit of ₹7.96 Lakh (net margin 0.9%) and EBITDA of ₹1.05 Cr (EBITDA margin 11.6%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 20% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.59 Cr on record. Court records list 20 cases involving the company, including 20 filed against it; 9 cases are pending.
Varsace Apparels Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-14-0001920). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website femigo.in.
Company details
CIN U17291WB2014PTC203055
Registration Number 203055
Incorporation Date 13 August 2014
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-14-0001920
Key People
Ajita Khaitan Director Amit Khaitan Director Recognitions & Rankings of Varsace Apparels
Contact details
Varsace Apparels Private Limited's registered office is in Kolkata, West Bengal. Its website is femigo.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRegent Garment & Apparel Park Block – 2 Unit No – 101 Jessore Road(E) Po – Bamangachhi Barasat 2, 4 Pgns(N), Kolkata, West Bengal, India – 700124
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of Varsace Apparels Private Limited, buy the company report.
Comprehensive company report
Varsace Apparels Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Varsace Apparels 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 Varsace Apparels Private Limited, buy the company report.
Financials of Varsace Apparels Private Limited
FY 2024 filings availableVarsace Apparels Private Limited reported revenue of ₹9.08 Cr (up 76% YoY) for FY 2024.
Revenue · FY 2024
₹9.08 Cr ▲ 76%
Net profit · FY 2024
₹7.96 Lakh margin 0.9%
EBITDA · FY 2024
₹1.05 Cr margin 11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 8%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▲ 99%
3 years · compounded
▲ 125%
5 years · compounded
▼ 15%
Revenue rose 76% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 20%. EBITDA rose 99% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.96 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Varsace Apparels Private Limited, buy the company report.
Board of directors of Varsace Apparels Private Limited
Varsace Apparels has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajita Khaitan Also directs: Mats Infrastructure Private Limited | Director | 13 Aug 2014 | 12 Years 2 Months | Current |
| Amit Khaitan Also directs: Mats Infrastructure Private Limited | Director | 13 Aug 2014 | 12 Years 2 Months | Current |
Peer comparison
Varsace Apparels Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Apparel), 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 |
|---|---|---|---|---|---|---|
| DB Creations Private Limited | ₹9.54 Cr (FY 2024) | 72.0% | Delhi, India | |||
| Sunniva Global Private Limited | ₹9.46 Cr (FY 2025) | Ahmedabad, Gujarat, India | ||||
| Varsace Apparels Private Limitedthis company | ₹9.08 Cr (FY 2024) | ₹7.96 Lakh | 0.9% | 76.0% | 1 | Kolkata, West Bengal, India |
| Mygiraffe Lifestyle Private Limited | ₹8.95 Cr (FY 2024) | 215.0% | Noida, Uttar Pradesh, India | |||
| Lueur Vestures Private Limited | ₹8.95 Cr (FY 2024) | 224.0% | Delhi, India |
To see the full peer comparison of Varsace Apparels Private Limited, buy the company report.
Auditor
Varsace Apparels Private Limited is audited by LAHOTI LAHOTI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAHOTI LAHOTI & CO | FY 2023 | 326011E |
Shareholding
The shareholding of Varsace Apparels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varsace Apparels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.59 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2017 | 100113591 | Others | ₹12 Lakh | Open | |
| 31 Mar 2015 | 10570387 | Indian Bank | ₹6.47 Cr | Open |
To see the full charge records of Varsace Apparels Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Varsace Apparels Private Limited has 20 court cases on record: 20 filed against it. 9 cases are pending and 11 are disposed.
Total cases
20
Filed against the company
20
Pending
9
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 9 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by PC Colour Soft Fabrics Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Babline Garments P Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Nidhi Vincom Pvt. Ltd. | Pending |
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by J. G. Hosiery Pvt Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Bajaj Finance Limited.. | Disposed |
To see the full case history of Varsace Apparels 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 Varsace Apparels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varsace Apparels Private Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Varsace Apparels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECV8696G1ZK | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varsace Apparels Private Limited, buy the company report.
Recent activity
Varsace Apparels Private Limited has 2 board changes on record since 2014: 2 appointments. The latest: Ajita Khaitan was appointed as Director on 13 Aug 2014.
AGM
Varsace Apparels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Varsace Apparels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Indian Bank of Rs. 6.47 Cr registered on 31 Mar 2015 with Charge ID 10570387 was modified on 31 Oct 2023.
Charges
A charge with Others amounted to Rs. 0.12 Cr with Charge ID 100113591 was registered on 28 Jun 2017.
Charges
A charge with Indian Bank amounted to Rs. 6.47 Cr with Charge ID 10570387 was registered on 31 Mar 2015.
Appointed
Ajita Khaitan was appointed as Director.
Appointed
Amit Khaitan was appointed as Director.
Incorporation
13 Aug 2014
Varsace Apparels Private Limited was registered on 13 Aug 2014 with Roc Kolkata & aged 12 years 2 months as per MCA records.
Frequently asked questions
Varsace Apparels is an active private limited company based in Kolkata, West Bengal, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 13 August 2014 (12+ years old) and is registered under CIN U17291WB2014PTC203055.
Varsace Apparels has 2 current directors:
- Ajita Khaitan - Director
- Amit Khaitan - Director
The latest financial statements of Varsace Apparels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Varsace Apparels is 19AAECV8696G1ZK, registered in West Bengal.
The CIN (Corporate Identification Number) of Varsace Apparels is U17291WB2014PTC203055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varsace Apparels has 20 court cases on record: 20 filed against it. 9 are pending. Most are in the district courts.
Varsace Apparels was incorporated on 13 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Varsace Apparels by revenue are DB Creations Private Limited, Sunniva Global Private Limited, Mygiraffe Lifestyle Private Limited, Lueur Vestures Private Limited, all in the Ecommerce and Internet industry (Apparel), with the same principal business activity (textile, leather and other apparel products).
Ajita Khaitan was appointed as Director on 13 Aug 2014. Amit Khaitan was appointed as Director on 13 Aug 2014.
Yes, Varsace Apparels is registered as a small enterprise under Udyam registration (number: UDYAM-WB-14-0001920).
Varsace Apparels can be reached through the website femigo.in. Its registered office is in Kolkata, West Bengal, India.