About Varuni Software Solutions India Private Limited
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Varuni Software Solutions India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 17 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC119140. Its GSTIN is 36AAGCV1420Q1Z1 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by director Sanath Kumar Susarla.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 12 Basement Sapthagiri Apartment T.T.K Road, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2020, the company reported a revenue of ₹19.56 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹3.31 Lakh (net margin -16.9%) and EBITDA of -₹1.5 Lakh (EBITDA margin -7.7%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunibusinesssolutions.com.
Company details
Contact details
Varuni Software Solutions India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is varunibusinesssolutions.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address12 Basement Sapthagiri Apartment T.T.K Road, Chennai, Tamil Nadu, India – 600018
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Varuni Software Solutions India 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
Business activity
The main business activity of Varuni Software Solutions India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Varuni Software Solutions India Private Limited, buy the company report.
Financials of Varuni Software Solutions India Private Limited
FY 2020 filings availableVaruni Software Solutions India Private Limited reported revenue of ₹19.56 Lakh (up 14% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year. EBITDA rose 71% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹19.56 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹1.5 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹3.31 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
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| Trade Payables | |||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -7.7% | ||
| Net Profit Margin | -16.9% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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| Current Ratio | |||
| Quick Ratio | |||
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To see the full financial statements and ratios of Varuni Software Solutions India Private Limited, buy the company report.
Board of directors of Varuni Software Solutions India Private Limited
Varuni Software Solutions India has 1 current director and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanath Kumar Susarla Also directs: Arpitha Interiors Private Limited | Director | 17 Oct 2017 | 9 Years 0 Months | Current |
Peer comparison
Varuni Software Solutions India Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leadsurf Digital Marketing Private Limited | ₹19.6 Lakh (FY 2024) | -36.0% | Hyderabad, Telangana, India | |||
| Varuni Software Solutions India Private Limitedthis company | ₹19.56 Lakh (FY 2020) | -₹3.31 Lakh | -16.9% | 14.0% | Chennai, Tamil Nadu, India | |
| Ianalyst Infotech Private Limited | ₹19.53 Lakh (FY 2022) | 2323.0% | Pune, Maharashtra, India | |||
| Redsoft Business Solutions Private Limited | ₹19.5 Lakh (FY 2019) | 13.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Varuni Software Solutions India Private Limited, buy the company report.
Auditor
Varuni Software Solutions India Private Limited is audited by B N R ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B N R ASSOCIATES | FY 2019 | 000289S |
Shareholding
The shareholding of Varuni Software Solutions India Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Varuni Software Solutions India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varuni Software Solutions India 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
No delayed payments to MSME suppliers are on our record for Varuni Software Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varuni Software Solutions India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCV1420Q1Z1 | Telangana | Active | 07 Dec 2017 |
To see the full GST registrations and return filing status of Varuni Software Solutions India Private Limited, buy the company report.
Recent activity
Varuni Software Solutions India Private Limited has 9 board changes on record since 2017: 5 appointments and 4 cessations. The latest: Singaravelu Snekha ceased to be Additional Director on 10 May 2023.
Frequently asked questions
Varuni Software Solutions India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 17 October 2017 (9+ years old) and is registered under CIN U74999TN2017PTC119140.
Varuni Software Solutions India has 1 current director:
- Sanath Kumar Susarla - Director
The latest financial statements of Varuni Software Solutions India on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Varuni Software Solutions India is 36AAGCV1420Q1Z1, registered in Telangana. 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 Varuni Software Solutions India is U74999TN2017PTC119140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varuni Software Solutions India was incorporated on 17 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Varuni Software Solutions India by revenue are Leadsurf Digital Marketing Private Limited, Ianalyst Infotech Private Limited, Redsoft Business Solutions Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (other information & communication service activities).
Singaravelu Snekha ceased to be Additional Director on 10 May 2023. Durga Prasad Rao Abburu ceased to be Director on 10 Jan 2022. Narsin Srinivas ceased to be Additional Director on 10 Jan 2022. Varuni Software Solutions India has 9 board changes on record in total.
Varuni Software Solutions India can be reached through the website varunibusinesssolutions.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Varuni Software Solutions India is at 12 Basement Sapthagiri Apartment T.T.K Road, Chennai, Tamil Nadu, India – 600018.
Varuni Software Solutions India operates in the information technology industry, in the software development and support services segment.