Startup India Government of India
Varvara India Private Limited - appreal & fashion in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.93 Cr
▼ 53% YoY
Net profit · FY 2025
₹64,000
Net margin 0.3%
EBITDA · FY 2025
₹1.5 Lakh
EBITDA margin 0.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Varvara India Private Limited
Data last updated:
Varvara India Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 27 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15100MH2018PTC305726. Its GSTIN is 27AAGCV3045D1ZI (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Girish Gopala Poojary and Krishna Kumar Upadhyay.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11A Floor 3rd Plot – 296 Palkhiwala Shahid Bhagat Singh Road Ballard, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.93 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net profit of ₹64,000 (net margin 0.3%) and EBITDA of ₹1.5 Lakh (EBITDA margin 0.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 18% over five years.
The company is associated with 1 brand: Varvaraindia.
Varvara India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0021606). For more details, the company can be reached via its website varvaraindia.co.in.
Company details
CIN U15100MH2018PTC305726
Registration Number 305726
Incorporation Date 27 February 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0021606
CIN history
Varvara India has one previous CIN (Corporate Identification Number): U74999MH2018PTC305726. The current CIN is U15100MH2018PTC305726, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15100MH2018PTC305726 | Current |
| U74999MH2018PTC305726 | Previous |
Recognitions & Rankings of Varvara India
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0021606
Contact details
Varvara India Private Limited's registered office is in Mumbai, Maharashtra. Its website is varvaraindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11A Floor 3rd Plot – 296 Palkhiwala Shahid Bhagat Singh Road Ballard, Mumbai, Maharashtra, India – 400001
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of Varvara India Private Limited, buy the company report.
Comprehensive company report
Varvara India 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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Brands
Varvara India operates one associated brand: Varvaraindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| International trade and distribution of chemicals, metals, and various products globally. | varvaraindia.co.in |
Business activity
The main business activity of Varvara India 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 Varvara India Private Limited, buy the company report.
Financials of Varvara India Private Limited
FY 2025 filings availableVarvara India Private Limited reported revenue of ₹1.93 Cr (down 53% YoY) for FY 2025.
Revenue · FY 2025
₹1.93 Cr ▼ 53%
Net profit · FY 2025
₹64,000 margin 0.3%
EBITDA · FY 2025
₹1.5 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 53%
3 years · compounded
▼ 3%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▼ 19%
5 years · compounded
▲ 18%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 53% fall in the latest year. EBITDA fell 23% 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 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹1.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64,000 | ||||
| Balance Sheet | |||||
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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 | 0.8% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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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 Varvara India Private Limited, buy the company report.
Board of directors of Varvara India Private Limited
Varvara India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Gopala Poojary | Director | 27 Feb 2018 | 8 Years 8 Months | Current |
| Krishna Kumar Upadhyay Also directs: Kuberian India Private Limited, Alva Esource India Private Limited | Director | 27 Feb 2018 | 8 Years 8 Months | Current |
Peer comparison
Varvara India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Fab Blinds Private Limited | ₹1.93 Cr (FY 2025) | -6.0% | Jaipur, Rajasthan, India | |||
| Piyush Polymers Private Limited | ₹1.93 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Lokpriya Synthetics Private Limited | ₹1.93 Cr (FY 2024) | -73.0% | Bhilwara, Rajasthan, India | |||
| Rajendra Silk Mills Pvt.Ltd. | ₹1.93 Cr (FY 2025) | 65.0% | Mumbai, Maharashtra, India | |||
| Anamika Textile Private Limited | ₹1.93 Cr (FY 2024) | -26.0% | Surat, Gujarat, India | |||
| Varvara India Private Limitedthis company | ₹1.93 Cr (FY 2025) | ₹64,000 | 0.3% | -53.0% | Mumbai, Maharashtra, India | |
| Shiv-Kamal Hand Looms Private Limited | ₹1.93 Cr (FY 2024) | -57.0% | Rajasthan, India | |||
| Zadora Designs Private Limited | ₹1.93 Cr (FY 2024) | -7.0% | New Delhi, Delhi, India | |||
| Swan Intima Products Private Limited | ₹1.92 Cr (FY 2025) | -28.0% | Mumbai, Maharashtra, India | |||
| Indoyash Spintex Private Limited | ₹1.92 Cr (FY 2025) | -52.0% | Meerut, Uttar Pradesh, India | |||
| Sagun Leather and Products Private Limited | ₹1.92 Cr (FY 2025) | 9.0% | Kanpur, Uttar Pradesh, India |
To see the full peer comparison of Varvara India Private Limited, buy the company report.
Auditor
Varvara India Private Limited is audited by PRASS & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRASS & ASSOCIATES LLP | FY 2023 | 107816W |
Shareholding
The shareholding of Varvara India 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 Varvara India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Varvara 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 Varvara India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varvara India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV3045D1ZI | Maharashtra | Active | 13 Apr 2018 |
To see the full GST registrations and return filing status of Varvara India Private Limited, buy the company report.
Recent activity
Varvara India Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Girish Gopala Poojary was appointed as Director on 27 Feb 2018.
AGM
Varvara India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Varvara India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Girish Gopala Poojary was appointed as Director.
Appointed
Krishna Kumar Upadhyay was appointed as Director.
Incorporation
27 Feb 2018
Varvara India Private Limited was registered on 27 Feb 2018 with Roc Mumbai I & aged 8 years 8 months as per MCA records.
Frequently asked questions
Varvara India is an active private limited company based in Mumbai, Maharashtra, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 27 February 2018 (8+ years old) and is registered under CIN U15100MH2018PTC305726.
Varvara India has 2 current directors:
- Girish Gopala Poojary - Director
- Krishna Kumar Upadhyay - Director
The latest financial statements of Varvara India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Varvara India is 27AAGCV3045D1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Varvara India is U15100MH2018PTC305726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varvara India was incorporated on 27 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Varvara India by revenue are Fab Blinds Private Limited, Piyush Polymers Private Limited, Lokpriya Synthetics Private Limited, Rajendra Silk Mills Pvt.Ltd, Anamika Textile Private Limited and 5 more, all in the same principal business activity (textile, leather and other apparel products).
Girish Gopala Poojary was appointed as Director on 27 Feb 2018. Krishna Kumar Upadhyay was appointed as Director on 27 Feb 2018.
Yes, Varvara India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Varvara India is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0021606).
Varvara India can be reached through the website varvaraindia.co.in. Its registered office is in Mumbai, Maharashtra, India.