About Varuni Systems Private Limited
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Varuni Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 06 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2010PTC207447. Its GSTIN is 24AAECB2783Q2Z7 (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.23 Lakh. It was formerly known as Baruni Systems Private Limited. It is led by directors including Chaitanya Chandel and Linima Nanavati.
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 Haji Ali Mun. Off Co – Op Hsg Soc Bldg 4 Flat 3 Haji Ali, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹35.48 Lakh (net margin 14.5%) and EBITDA of ₹73.53 Lakh (EBITDA margin 30.1%). Revenue has grown at a compounded annual rate (CAGR) of 156% over three years and 39% over five years.
The company is associated with 1 brand: Vāruni Systems. As per MCA filings, the company has satisfied charges of ₹10 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunisystems.com.
- EmailLocked
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- Website
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- Registered AddressHaji Ali Mun. Off Co – Op Hsg Soc Bldg 4 Flat 3 Haji Ali, Mumbai, Maharashtra, India – 400034
- 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 Varuni Systems Private Limited
The main business activity of Varuni Systems is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Varuni Systems Private Limited FY 2024 filings available
Varuni Systems Private Limited reported revenue of ₹2.44 Cr (up 239% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Varuni Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 239% growth in the latest year. EBITDA rose 386% 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 Varuni Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹73.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35.48 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 Varuni Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.5% | •••• | •••• | •••• | •••• |
| 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 Varuni Systems are in the company report.
Financial statements from 2015
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 Varuni Systems Private Limited
Varuni Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical 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 |
|---|---|---|---|---|---|---|
| Ciel Climate Solutions Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 1236.0% | •••• | Delhi, India |
| BVG Clean Energy Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Pune, Maharashtra, India |
| PFS Management Services India Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| House of Awe India Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Mumbai, Maharashtra, India |
| Arviya Technologies (OPC) Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Varuni Systems Private Limited this company | ₹2.44 Cr (FY 2024) | •••• | •••• | 239.0% | •••• | Mumbai, Maharashtra, India |
| U S Graphics Private Limited | ₹2.44 Cr (FY 2020) | •••• | •••• | 16.0% | •••• | Delhi, India |
| Anthroo Martech and Media Network Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 905.0% | •••• | Mumbai, Maharashtra, India |
| Stylopay Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Rajarhat, West Bengal, India |
| Awarathon Awareness Initiatives Private Limited | ₹2.44 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Inferno Business Solutions Private Limited | ₹2.44 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Kandivlai West, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Varuni Systems by revenue in the same principal business activity (Other professional, scientific and technical 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 Varuni Systems Private Limited
Varuni Systems Private Limited is audited by PATWAANDSHAH for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PATWAANDSHAH | 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 Varuni Systems Private Limited
Varuni Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chaitanya Chandel | Director | 06 Sep 2010 | 16 Years 1 Months | Current |
| Linima Nanavati | Director | 06 Sep 2010 | 16 Years 1 Months | Current |
| Nidhi Nanavati Chandel Also directs: Arbudamba Consultancy Private Limited | Director | 06 Sep 2010 | 16 Years 1 Months | Current |
Ownership and Shareholding of Varuni Systems 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 Varuni Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2018 | Abhyudaya Co-Operative Bank Limited | ₹10 Lakh | Satisfied |
Total charge records: 1 View all charges
Associated Brands with Varuni Systems Private Limited
Varuni Systems operates one associated brand: Vāruni Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT service suite solutions are provided by Vāruni Systems. | varunisystems.com |
Employees and EPFO Compliance at Varuni Systems Private Limited
Employment history and EPFO contributions of people linked to Varuni Systems.
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 Varuni Systems Private Limited
Varuni Systems Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Arun Singh ceased to be Director on 23 Nov 2022.
Credit Ratings, Litigation & Regulatory Alerts for Varuni Systems 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 Varuni Systems 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 Varuni Systems 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 Varuni Systems Private Limited
Varuni Systems has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECB2783Q2Z7 | Gujarat | Active | 29 Nov 2022 |
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 Varuni Systems 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 Varuni Systems Private Limited
Varuni Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 06 September 2010 (16+ years old) and is registered under CIN U72900MH2010PTC207447.
Varuni Systems reported revenue of ₹2.44 Cr for FY 2024 (up 239% YoY).
Varuni Systems has 3 current directors:
- Chaitanya Chandel - Director
- Linima Nanavati - Director
- Nidhi Nanavati Chandel - Director
Varuni Systems reported a net profit of ₹35.48 Lakh (net margin 14.5%) and EBITDA of ₹73.53 Lakh (EBITDA margin 30.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varuni Systems is 156% over three years and 39% over five years. In the latest year (FY 2024) revenue rose 239%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varuni Systems is 24AAECB2783Q2Z7, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Varuni Systems is U72900MH2010PTC207447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varuni Systems was incorporated on 06 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varuni Systems by revenue are Ciel Climate Solutions Private Limited, BVG Clean Energy Limited, PFS Management Services India Private Limited, House of Awe India Private Limited, Arviya Technologies (OPC) Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Arun Singh ceased to be Director on 23 Nov 2022. Lira Priyadarsani ceased to be Director on 09 Oct 2010. Chaitanya Chandel was appointed as Director on 06 Sep 2010. Varuni Systems has 5 board changes on record in total.
Varuni Systems can be reached through the website varunisystems.com. Its registered office is in Mumbai, Maharashtra, India.