About Varthana Finance Private Limited
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Varthana Finance Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 12 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65923KA1984PTC096528. Its GSTIN is 29AAACT8933E1Z5 (Karnataka). The company holds 19 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹60.58 Cr and a paid-up capital of ₹50.56 Cr. It was formerly known as Thirumeni Finance Pvt Ltd. It is led by directors including Brajeshkumar Sirishkumar Mishra (Person Incharge) and Steven Edwin Hardgrave (Person Incharge).
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Varasiddhi 3rd Floor No. 5Bc – 110 Service Road 3rd Block Hrbr Layout, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2025, the company reported a revenue of ₹325.69 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹23.46 Cr (net margin 7.2%) and EBITDA of ₹200.89 Cr (EBITDA margin 61.7%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 7% over five years.
The company has about 584 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Varthana. As per MCA filings, the company has open charges of ₹2,499.1 Cr and satisfied charges of ₹1,609.04 Cr on record. Court records list 20,349 cases involving the company, including 20,127 filed by the company and 225 filed against it; 8,780 cases are pending. The company has 15 deals on record (7 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹661.28 Cr; the latest was in July 2026. Its 5 peer companies in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (activities auxiliary to financial service and insurance activities) are compared by revenue, 2 larger and 3 smaller; the largest is Indifi Capital Private Limited with revenue of ₹291.31 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varthana.com.
Company details
Name history
Varthana Finance has undergone 2 name changes throughout its history. The company was previously known as Varthana Finance Private Limited, and Thirumeni Finance Pvt Ltd. The current legal name is Varthana Finance Private Limited.
| Company Name | Status |
|---|---|
| Varthana Finance Private Limited | Current |
| Thirumeni Finance Pvt Ltd | Previous |
CIN history
Varthana Finance has one previous CIN (Corporate Identification Number): U65923KL1984PTC003990. The current CIN is U65923KA1984PTC096528, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923KA1984PTC096528 | Current |
| U65923KL1984PTC003990 | Previous |
Contact details
Varthana Finance Private Limited's registered office is in Bangalore, Karnataka. Its website is varthana.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVarasiddhi 3rd Floor No. 5Bc – 110 Service Road 3rd Block Hrbr Layout, Bangalore, Karnataka, India – 560043
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Varthana Finance 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
Varthana Finance operates one associated brand: Varthana. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| School and student loan solutions are provided for educational needs. | varthana.com |
Business activity
The main business activity of Varthana Finance is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Varthana Finance Private Limited, buy the company report.
Financials of Varthana Finance Private Limited
FY 2025 filings availableVarthana Finance Private Limited reported revenue of ₹325.69 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 15% growth in the latest year. EBITDA rose 41% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹325.69 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹200.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.46 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61.7% | ||||
| Net Profit Margin | 7.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Varthana Finance Private Limited, buy the company report.
Board of directors of Varthana Finance Private Limited
Varthana Finance has 8 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nandita Ganapathy | Nominee Director | 15 May 2024 | 2 Years 5 Months | Current |
| Ankit Singhal Also directs: Bandhan Amc Limited, Credila Financial Services Limited | Nominee Director | 09 Nov 2022 | 4 Years 0 Months | Current |
| Brajeshkumar Sirishkumar Mishra Also directs: Dragonfruit Education Services LLP | Person Incharge | 20 Aug 2013 | 13 Years 2 Months | Current |
| Steven Edwin Hardgrave Also directs: Dragonfruit Education Services LLP | Person Incharge | 20 Aug 2013 | 13 Years 2 Months | Current |
| Brahmanand Hegde Also directs: Fusion Finance Limited, Kaabil Finance Private Limited | Director | 12 Sep 2023 | 3 Years 2 Months | Current |
| Nilufer Panthaki Also directs: Ampfin Capital Private Limited, Navi Finserv Limited | Additional Director | 29 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Varthana Finance Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Varthana Finance Private Limitedthis company | ₹325.69 Cr (FY 2025) | ₹23.46 Cr | 7.2% | 15.0% | 584 | Bangalore, Karnataka, India |
| Indifi Capital Private Limited | ₹291.31 Cr (FY 2024) | 88.0% | Haryana, India | |||
| Niwas Housing Finance Limited | ₹290.43 Cr (FY 2024) | 39.0% | Mumbai, Maharashtra, India | |||
| Hem Financial Services Private Limited | ₹281.22 Cr (FY 2025) | 60.0% | Jaipur, Rajasthan, India | |||
| Transactree Technologies Private Limited | ₹276.23 Cr (FY 2025) | -35.0% | New Delhi, Delhi, India | |||
| Uno Metals Ltd | ₹272 Cr (FY 2025) | 113.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Varthana Finance Private Limited, buy the company report.
Auditor
Varthana Finance Private Limited is audited by N. A. Shah Associates LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2025 | 116560W / W100149 |
Shareholding
The shareholding of Varthana Finance Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Varthana Finance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2025 | 101163469 | Others | ₹20 Cr | Open | |
| 27 Sep 2025 | 101170758 | Others | ₹15 Cr | Open | |
| 31 Jul 2025 | 101138527 | Others | ₹25 Cr | Open | |
| 30 Jul 2025 | 101143414 | Others | ₹35 Cr | Open | |
| 29 Jul 2025 | 101134839 | Others | ₹15 Cr | Open |
To see the full charge records of Varthana Finance Private Limited, buy the company report.
Total charge records: 227 View all charges
Deals & funding
Varthana Finance Private Limited has 15 deals on record (7 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹661.28 Cr; the latest was in July 2026.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Acquisition | ₹967 Cr | Buyer: Home Credit India Finance Private Limited |
| Jan 2026 | Debt financing | ₹53.98 Cr | Investors: WaterEquity |
| Jun 2021 | Funding round | ₹15 Cr | Investors: Blue Haven Global Limited |
| Aug 2014 | Funding round · Series A | ₹32 Cr | Investors: Omidyar Network, LGT Venture Philanthropy, Elevar Equity |
| Jun 2012 | Secondary share transfer | Undisclosed | Buyer: Dragonfruit Education Services LLP , an individual Seller: 4 individuals |
To see the full deal history of Varthana Finance 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
Varthana Finance Private Limited has 20,349 court cases on record: 20,127 filed by Varthana Finance, 225 filed against it. 8,780 cases are pending and 11,569 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20,188 | 102 | 8,751 |
| High courts | 159 | 121 | 29 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 20,349)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Varthana Finance Private Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S. Careerlabs Technologies Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Pragathi Composite High School | Pending |
| District court, Chittoor, Andhra Pradesh | Civil suit | Filed against the company | Pending |
| High Court of Madhya Pradesh | Court case (RP) | Filed against the company by an individual | Pending |
To see the full case history of Varthana Finance 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.
Credit ratings & regulatory alerts
Varthana Finance Private Limited was last rated by Acuite on 27 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Acuite | 27 Jul 2026 |
To see the full credit ratings and regulatory alerts of Varthana Finance Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Varthana Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Varthana Finance Private Limited has a workforce of 584 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 584 |
| 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 | |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 |
To see the full employee and EPFO history of Varthana Finance Private Limited, buy the company report.
GST
Varthana Finance has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT8933E1Z5 | Karnataka | Active | 01 Jul 2017 |
| 29AAACT8933E2Z4 | Karnataka | Active | 29 Aug 2017 |
| 08AAACT8933E1Z9 | Rajasthan | Active | 01 Jul 2017 |
| 09AAACT8933E1Z7 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varthana Finance Private Limited, buy the company report.
Recent activity
Varthana Finance Private Limited has 37 board changes on record since 2012: 11 appointments and 26 cessations. The latest: Ravindra Babu Garikipati was appointed as Additional Director on 12 Nov 2025.
411 earlier events are in the company report.
News
Frequently asked questions
Varthana Finance is an active private limited company based in Bangalore, Karnataka, India. The company works in nbfc, within the financial services industry. It was incorporated on 12 June 1984 (42+ years old) and is registered under CIN U65923KA1984PTC096528.
Varthana Finance has 8 current directors:
- Nandita Ganapathy - Nominee Director
- Ankit Singhal - Nominee Director
- Brahmanand Hegde - Director
- Nilufer Panthaki - Additional Director
- Gaurav Malhotra - Additional Director
- Ravindra Babu Garikipati - Additional Director
- Brajeshkumar Sirishkumar Mishra - Person Incharge
- Steven Edwin Hardgrave - Person Incharge
The latest financial statements of Varthana Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varthana Finance is 29AAACT8933E1Z5, registered in Karnataka. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACT8933E2Z4 (Karnataka), 08AAACT8933E1Z9 (Rajasthan), 09AAACT8933E1Z7 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Varthana Finance is U65923KA1984PTC096528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varthana Finance has 20,349 court cases on record: 20,127 filed by the company and 225 filed against it. 8,780 are pending. Most are in the district courts.
Varthana Finance was incorporated on 12 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Varthana Finance has 15 deals on record (7 funding rounds, 4 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹661.28 Cr; the latest was in July 2026.
The peers of Varthana Finance by revenue are Indifi Capital Private Limited, Niwas Housing Finance Limited, Hem Financial Services Private Limited, Transactree Technologies Private Limited, Uno Metals Ltd, all in the BFSI industry (Finance, Large NBFC, NBFC Investment and Credit Companies), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Ravindra Babu Garikipati was appointed as Additional Director on 12 Nov 2025. Gaurav Malhotra was appointed as Additional Director on 29 Sep 2025. Nilufer Panthaki was appointed as Additional Director on 29 Sep 2025. Varthana Finance has 37 board changes on record in total.
Varthana Finance can be reached through the website varthana.com. Its registered office is in Bangalore, Karnataka, India.
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