About Varvee Global Limited
Data last updated:
Varvee Global Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 March 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L13121GJ1988PLC010504. Its GSTIN is 24AABCA6019P1ZL (Gujarat). The company holds 4 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 514274 and NSE: VGL.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹25.76 Cr. It was formerly known as Amtex India Limited and Amtex India Private Limited. It is led by directors including Gupta Jaimin Kailash (Managing Director) and Tarachand Gangasahay Agrawal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 188/2 Ranipur Village, Opp.Cni Church Narol Ahmedabad 382 405, Gujarat, India – 382405.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹62.8 Cr, a growth of 47.9% compared to the previous year. For the same year it recorded a net profit of ₹12.45 Cr (net margin 19.8%) and EBITDA of ₹5.37 Cr (EBITDA margin 8.6%). The net worth stands at ₹77.01 Cr (up 115.5% YoY). Total assets are valued at ₹79.91 Cr (down 38.6% YoY).
The company has about 383 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Aarvee Denims and Aarvee Denims & Exports. As per MCA filings, the company has open charges of ₹282.12 Cr and satisfied charges of ₹1,042.3 Cr on record. Court records list 32 cases involving the company, including 17 filed by the company and 15 filed against it; 4 cases are pending. The company has 40 deals on record (39 market trades, 1 funding round), with disclosed funding of ₹8.36 Cr; the latest was in September 2026. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 4 smaller; the largest is Pal Fashions Private Limited with revenue of ₹184.3 Cr. The company has 17 MSME Form 1 returns on record between 2019 and 2024, listing 295 overdue payments to 76 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aarveedenims.com.
Company details
Name history
Varvee Global has undergone 3 name changes throughout its history. The company was previously known as Amtex India Limited, Amtex India Private Limited, and Varvee Global Limited. The current legal name is Varvee Global Limited.
| Company Name | Status |
|---|---|
| Varvee Global Limited | Current |
| Amtex India Limited | Previous |
| Amtex India Private Limited | Previous |
CIN history
Varvee Global has one previous CIN (Corporate Identification Number): L17110GJ1988PLC010504. The current CIN is L13121GJ1988PLC010504, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L13121GJ1988PLC010504 | Current |
| L17110GJ1988PLC010504 | Previous |
Contact details
Varvee Global Limited's registered office is in Ahmedabad, Gujarat.
- Registered Address188/2 Ranipur Village, Opp.Cni Church Narol Ahmedabad 382 405, Gujarat, India – 382405
- IndustryManufacturing, Textile & Fabric Production
- 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
Varvee Global operates two associated brands: Aarvee Denims and Aarvee Denims & Exports. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual apparel for men and women is manufactured and exported. | aarveedenims.com | |
| Denim jeans for men and women are manufactured in India. | aarvee-denims.com |
Business activity
The main business activity of Varvee Global 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 Varvee Global Limited, buy the company report.
Financials of Varvee Global Limited
FY 2025-26 filings availableVarvee Global Limited reported revenue of ₹62.8 Cr (up 47.9% YoY) for FY 2025-26.
Financial Highlights
FY 2019-20 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Income statement | |||
| Revenue | 565 | 752 | 827 |
| Revenue growth | -24.9% | -9.1% | - |
| EBITDA | 34.08 | 82.21 | 80.25 |
| EBITDA margin | +6.0% | +10.9% | +9.7% |
| Profit before tax | (55.52) | 1.72 | 6.39 |
| Net profit | (40.11) | 1.08 | 5.51 |
| Net profit margin | -7.1% | +0.1% | +0.7% |
| EPS (₹) | (17.87) | 0.46 | 2.39 |
| Balance sheet | |||
| Total assets | 657 | 714 | 658 |
| Net worth | 231 | 273 | 272 |
| Total debt | 419 | 434 | 379 |
| Cash & bank | 11.13 | 17.55 | 23.09 |
| Net working capital | 320 | 351 | 321 |
| Cash flow | |||
| Cash from operations | 64.58 | 50.57 | 37.77 |
| Cash from investing | 4.89 | (53.35) | (18.73) |
| Cash from financing | (70.43) | 2.88 | (18.96) |
| Particulars | Mar 2020 |
|---|---|
| Revenue | 118 |
| Other income | 0.33 |
| EBITDA | 17.58 |
| EBITDA margin | +15.0% |
| Depreciation | 9.62 |
| Interest | 14.44 |
| Profit before tax | (6.15) |
| Tax | (14.02) |
| Net profit | 7.87 |
| EPS (₹) | 3.36 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 62.80 | 42.45 | 84.73 | 261 | 421 | 265 | 565 |
| Revenue growth | +47.9% | -49.9% | -67.5% | -38.0% | +58.9% | -53.1% | - |
| EBITDA | 5.37 | (89.90) | (31.20) | (28.16) | (10.33) | (19.71) | 34.08 |
| EBITDA margin | +8.6% | -211.8% | -36.8% | -10.8% | -2.5% | -7.4% | +6.0% |
| Profit before tax | 18.40 | 32.82 | (72.95) | (92.41) | (54.21) | (87.37) | (55.52) |
| Net profit | 12.45 | (92.08) | (45.91) | (66.82) | (43.27) | (66.77) | (40.11) |
| Net profit margin | +19.8% | -216.9% | -54.2% | -25.6% | -10.3% | -25.2% | -7.1% |
| EPS (₹) | 2.44 | 7.90 | (19.02) | (27.73) | (17.66) | (27.36) | (17.87) |
| Balance sheet | |||||||
| Total assets | 79.91 | 130 | 296 | 459 | 541 | 602 | 657 |
| Net worth | 77.01 | 35.74 | 17.20 | 61.40 | 126 | 168 | 231 |
| Total debt | 2.88 | 94.26 | 278 | 397 | 413 | 433 | 419 |
| Cash & bank | 3.66 | 14.89 | 2.22 | 6.88 | 16.31 | 19.90 | 11.13 |
| Net working capital | (40.40) | (8.52) | 50.04 | 191 | 265 | 283 | 320 |
| Cash flow | |||||||
| Cash from operations | 5.04 | 27.47 | 110 | 39.65 | 12.52 | 45.41 | 64.59 |
| Cash from investing | 28.22 | 182 | 45.66 | 12.93 | 46.71 | 8.84 | 4.89 |
| Cash from financing | (43.33) | (196) | (156) | (62.28) | (62.80) | (41.88) | (70.43) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.26 | 23.38 | 12.14 | 27.83 | (0.55) | 7.50 | 5.94 | 15.48 |
| Revenue growth (YoY) | +1601.8% | +211.7% | +104.4% | +79.8% | -104.1% | - | - | - |
| Other income | 0.63 | (15.18) | 21.64 | 6.49 | 6.82 | 37.94 | 22.63 | 34.25 |
| Total expenses | 15.12 | 29.27 | 13.61 | 13.99 | 0.56 | 59.20 | 28.54 | 20.15 |
| EBITDA | (6.86) | (5.89) | (1.47) | 13.84 | (1.11) | (51.70) | (22.60) | (4.67) |
| EBITDA margin | -83.1% | -25.2% | -12.1% | +49.7% | +201.8% | -689.3% | -380.5% | -30.2% |
| Depreciation | 0.63 | 1.57 | 1.22 | 1.53 | 1.00 | 1.15 | 0.97 | 1.12 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 1.43 | 1.21 | 2.49 | 3.81 |
| Profit before tax | (6.87) | (22.64) | 18.95 | 18.80 | 3.28 | (16.12) | (3.43) | 24.65 |
| Tax | (0.31) | 5.95 | 13.60 | 8.59 | (22.19) | (7.25) | 3.51 | 16.38 |
Financial Statements
| Particulars | Mar 2020 |
|---|---|
| Revenue | 118 |
| Other income | 0.33 |
| EBITDA | 17.58 |
| EBITDA margin | +15.0% |
| Depreciation | 9.62 |
| Interest | 14.44 |
| Profit before tax | (6.15) |
| Tax | (14.02) |
| Net profit | 7.87 |
| EPS (₹) | 3.36 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Revenue | 565 | 752 | 827 |
| Revenue growth | -24.9% | -9.1% | - |
| Other income | 1.73 | 2.79 | 2.54 |
| Total expenses | 531 | 669 | 747 |
| Employee cost | 43.17 | 54.39 | 55.66 |
| EBITDA | 34.08 | 82.21 | 80.25 |
| EBITDA margin | +6.0% | +10.9% | +9.7% |
| Depreciation | 38.35 | 33.98 | 32.94 |
| Interest | 52.98 | 49.30 | 43.46 |
| Profit before tax | (55.52) | 1.72 | 6.39 |
| Tax | (13.60) | 0.64 | 0.77 |
| Net profit | (40.11) | 1.08 | 5.51 |
| Net profit margin | -7.1% | +0.1% | +0.7% |
| EPS (₹) | (17.87) | 0.46 | 2.39 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Equity & liabilities | |||
| Share capital | 23.46 | 23.46 | 23.46 |
| Reserves & surplus | 208 | 250 | 248 |
| Shareholders' funds (net worth) | 231 | 273 | 272 |
| Minority interest | 0.00 | 0.00 | 0.00 |
| Secured loans | 307 | 316 | 275 |
| Unsecured loans | 112 | 118 | 104 |
| Total debt | 419 | 434 | 379 |
| Total liabilities | 657 | 714 | 658 |
| Assets | |||
| Gross block | 462 | 467 | 421 |
| Net block | 350 | 389 | 363 |
| Capital work in progress | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| Inventories | 222 | 223 | 200 |
| Sundry debtors | 235 | 288 | 295 |
| Cash & bank balances | 11.13 | 17.55 | 23.09 |
| Loans & advances | 21.92 | 27.39 | 20.41 |
| Total current assets | 490 | 556 | 538 |
| Total current liabilities | 170 | 204 | 218 |
| Net working capital | 320 | 351 | 321 |
| Total assets | 657 | 714 | 658 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Opening cash | 2.02 | 1.92 | 1.84 |
| Net cash from operating activities | 64.58 | 50.57 | 37.77 |
| Net cash from investing activities | 4.89 | (53.35) | (18.73) |
| Net cash from financing activities | (70.43) | 2.88 | (18.96) |
| Net change in cash | (0.96) | 0.10 | 0.08 |
| Closing cash | 11.13 | 17.55 | 23.09 |
| Particulars | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|
| Growth | |||
| Sales growth | -24.9% | -9.1% | - |
| EBITDA growth | -58.6% | +2.4% | - |
| PBT growth | - | -73.1% | +9997.0% |
| Net income growth | -3813.9% | -80.4% | - |
| Profitability & leverage | |||
| Net income margin | -7.4% | +0.1% | +0.7% |
| Return on capital employed | -0.4% | +7.4% | +7.6% |
| Return on net worth | -16.6% | +0.4% | +2.1% |
| Debt / equity | 1.69 | 1.49 | 1.40 |
| Long-term debt / equity | 0.54 | 0.40 | 0.31 |
| Interest cover | -1,240.75 | 102.22 | 91.86 |
| Efficiency & per share | |||
| Fixed asset turnover | 1.22 | 1.69 | 1.97 |
| Inventory turnover | 2.54 | 3.55 | 4.14 |
| Debtors turnover | 2.16 | 2.58 | 2.80 |
| EPS (₹) | (17.87) | 0.46 | 2.39 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 98.46 | 116.42 | 115.81 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.26 | 23.38 | 12.14 | 27.83 | (0.55) | 7.50 | 5.94 | 15.48 |
| Revenue growth (YoY) | +1601.8% | +211.7% | +104.4% | +79.8% | -104.1% | - | - | - |
| Other income | 0.63 | (15.18) | 21.64 | 6.49 | 6.82 | 37.94 | 22.63 | 34.25 |
| Total expenses | 15.12 | 29.27 | 13.61 | 13.99 | 0.56 | 59.20 | 28.54 | 20.15 |
| EBITDA | (6.86) | (5.89) | (1.47) | 13.84 | (1.11) | (51.70) | (22.60) | (4.67) |
| EBITDA margin | -83.1% | -25.2% | -12.1% | +49.7% | +201.8% | -689.3% | -380.5% | -30.2% |
| Depreciation | 0.63 | 1.57 | 1.22 | 1.53 | 1.00 | 1.15 | 0.97 | 1.12 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 1.43 | 1.21 | 2.49 | 3.81 |
| Profit before tax | (6.87) | (22.64) | 18.95 | 18.80 | 3.28 | (16.12) | (3.43) | 24.65 |
| Tax | (0.31) | 5.95 | 13.60 | 8.59 | (22.19) | (7.25) | 3.51 | 16.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 62.80 | 42.45 | 84.73 | 261 | 421 | 265 | 565 |
| Revenue growth | +47.9% | -49.9% | -67.5% | -38.0% | +58.9% | -53.1% | - |
| Other income | 19.77 | 140 | 6.61 | 6.93 | 24.69 | 11.75 | 1.73 |
| Total expenses | 57.43 | 132 | 116 | 289 | 431 | 285 | 531 |
| Employee cost | 0.00 | 5.29 | 11.73 | 24.00 | 32.81 | 19.29 | 43.17 |
| EBITDA | 5.37 | (89.90) | (31.20) | (28.16) | (10.33) | (19.71) | 34.08 |
| EBITDA margin | +8.6% | -211.8% | -36.8% | -10.8% | -2.5% | -7.4% | +6.0% |
| Depreciation | 5.31 | 4.35 | 11.71 | 25.28 | 25.49 | 28.46 | 38.35 |
| Interest | 1.43 | 12.84 | 36.65 | 45.90 | 43.08 | 50.95 | 52.98 |
| Profit before tax | 18.40 | 32.82 | (72.95) | (92.41) | (54.21) | (87.37) | (55.52) |
| Tax | 5.95 | 14.27 | (28.35) | (27.36) | (12.79) | (23.18) | (13.60) |
| Net profit | 12.45 | (92.08) | (45.91) | (66.82) | (43.27) | (66.77) | (40.11) |
| Net profit margin | +19.8% | -216.9% | -54.2% | -25.6% | -10.3% | -25.2% | -7.1% |
| EPS (₹) | 2.44 | 7.90 | (19.02) | (27.73) | (17.66) | (27.36) | (17.87) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 25.76 | 23.46 | 23.46 | 23.46 | 23.46 | 23.46 | 23.46 |
| Reserves & surplus | 51.25 | 12.28 | (6.26) | 37.94 | 103 | 144 | 208 |
| Shareholders' funds (net worth) | 77.01 | 35.74 | 17.20 | 61.40 | 126 | 168 | 231 |
| Secured loans | 0.00 | 54.04 | 160 | 283 | 304 | 320 | 307 |
| Unsecured loans | 2.88 | 40.22 | 117 | 114 | 109 | 113 | 112 |
| Total debt | 2.88 | 94.26 | 278 | 397 | 413 | 433 | 419 |
| Total liabilities | 79.91 | 130 | 296 | 459 | 541 | 602 | 657 |
| Assets | |||||||
| Gross block | 138 | 204 | 219 | 560 | 573 | 398 | 462 |
| Net block | 43.15 | 68.23 | 72.38 | 202 | 231 | 274 | 350 |
| Capital work in progress | 0.81 | 0.00 | 0.00 | 1.44 | 1.44 | 0.00 | 0.00 |
| Investments | 10.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 17.74 | 8.08 | 89.57 | 121 | 156 | 154 | 222 |
| Sundry debtors | 15.95 | 7.47 | 99.73 | 124 | 166 | 208 | 235 |
| Cash & bank balances | 3.66 | 14.89 | 2.22 | 6.88 | 16.31 | 19.90 | 11.13 |
| Loans & advances | 25.93 | 35.24 | 0.97 | 7.24 | 14.31 | 9.41 | 21.92 |
| Total current assets | 63.28 | 65.68 | 192 | 259 | 353 | 391 | 490 |
| Total current liabilities | 104 | 74.20 | 142 | 68.47 | 87.94 | 109 | 170 |
| Net working capital | (40.40) | (8.52) | 50.04 | 191 | 265 | 283 | 320 |
| Total assets | 79.91 | 130 | 296 | 459 | 541 | 602 | 657 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 13.43 | 0.22 | 0.16 | 9.86 | 13.43 | 1.05 | 2.01 |
| Net cash from operating activities | 5.04 | 27.47 | 110 | 39.65 | 12.52 | 45.41 | 64.59 |
| Net cash from investing activities | 28.22 | 182 | 45.66 | 12.93 | 46.71 | 8.84 | 4.89 |
| Net cash from financing activities | (43.33) | (196) | (156) | (62.28) | (62.80) | (41.88) | (70.43) |
| Net change in cash | (10.07) | 13.21 | 0.06 | (9.70) | (3.56) | 12.37 | (0.95) |
| Closing cash | 3.66 | 14.89 | 2.22 | 6.88 | 16.31 | 19.90 | 11.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +47.9% | -49.9% | -67.5% | -38.0% | +58.9% | -53.1% | - |
| EBITDA growth | +106.0% | -188.1% | -10.8% | -172.6% | +47.6% | -157.8% | - |
| PBT growth | -43.9% | +9998.0% | +21.1% | -70.5% | +38.0% | -57.4% | - |
| Net income growth | +113.5% | -100.6% | +31.3% | -54.4% | +35.2% | -66.5% | - |
| Revenue CAGR (3Y) | -37.8% | -53.5% | -31.6% | -22.7% | -17.6% | -31.6% | -12.6% |
| EBITDA CAGR (3Y) | - | +105.7% | +16.5% | - | - | - | -22.1% |
| Profitability & leverage | |||||||
| Net income margin | +19.8% | +43.7% | -52.6% | -24.9% | -9.8% | -24.2% | -7.4% |
| Return on capital employed | - | -34.3% | 0.0% | 0.0% | -6.0% | -5.8% | -0.4% |
| Return on net worth | - | -206.1% | 0.0% | 0.0% | -29.4% | -32.2% | -16.6% |
| Debt / equity | - | 7.03 | 8.58 | 4.31 | 2.88 | 2.14 | 1.69 |
| Long-term debt / equity | - | 3.05 | 3.55 | 1.72 | 1.13 | 0.80 | 0.54 |
| Interest cover | 2,383.33 | -13.62 | -85.41 | -85.89 | -120.27 | -105.77 | -1,240.75 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.20 | 0.22 | 0.46 | 0.87 | 0.62 | 1.22 |
| Inventory turnover | - | 0.87 | 0.81 | 1.88 | 2.71 | 1.41 | 2.54 |
| Debtors turnover | - | 0.79 | 0.76 | 1.80 | 2.25 | 1.20 | 2.16 |
| EPS (₹) | 2.44 | 7.90 | (19.02) | (27.73) | (17.66) | (27.36) | (17.87) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 15.24 | 7.33 | 26.17 | 53.85 | 71.46 | 98.46 |
To see the full year-wise statements and ratios of Varvee Global Limited, buy the company report.
Board of directors of Varvee Global Limited
Varvee Global has 6 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gupta Jaimin Kailash Also directs: Brand Cluster LLP, Vaarvee Green Solar Private Limited, Varvee Energy Private Limited and 5 more | Managing Director | 05 Jul 2025 | 1 Years 3 Months | Current |
| Aartiben Pravinbhai Thakkar | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
| Ankit Naresh Mittal Also directs: Rayzon Solar Limited, Expertela Private Limited | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Nipun Vinodkumar Arora Also directs: Aashka Aatman Infra LLP, Twenty First Century Marketing Limited, Ennbee Textiles Private Limited and 1 more | Director | 11 Aug 2018 | 8 Years 2 Months | Current |
| Tarachand Gangasahay Agrawal | Whole-Time Director | 05 Jul 2025 | 1 Years 3 Months | Current |
| Ravi Jitendra Modi Also directs: Bhatia Colour Chem Limited, Barflex Polyfilms Limited | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Varvee Global Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Pal Fashions Private Limited | ₹184.3 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Shivkrupa Cotspin Private Limited | ₹183.43 Cr (FY 2025) | 91.0% | Jalgaon, Maharashtra, India | |||
| Unistar Fabrics Private Limited | ₹182.28 Cr (FY 2025) | 612.0% | Hatkanangale, Maharashtra, India | |||
| Vitrag Fabrics Private Limited | ₹182.2 Cr (FY 2025) | 25.0% | Mumbai, Maharashtra, India | |||
| Gomathi Spinning Mills India Private Limited | ₹182.15 Cr (FY 2024) | 53.0% | Tirupur, Tamil Nadu, India | |||
| Lakshmivel Mills Private Limited | ₹182.02 Cr (FY 2025) | -2.0% | Tirupur, Tamil Nadu, India | |||
| Varvee Global Limitedthis company | ₹62.8 Cr (FY 2026) | ₹12.45 Cr | 19.8% | 47.9% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Varvee Global Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2021 | 100447281 | Tata Capital Financial Services Limited | ₹64 Lakh | Satisfied | |
| 27 Apr 2017 | 100095764 | Hdfc Bank Limited | ₹6 Lakh | Satisfied | |
| 27 Apr 2017 | 100095793 | Hdfc Bank Limited | ₹6 Lakh | Satisfied | |
| 27 Apr 2017 | 100095795 | Hdfc Bank Limited | ₹8 Lakh | Satisfied | |
| 01 Dec 2016 | 100065549 | Idbi Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Varvee Global Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Varvee Global Limited has 40 deals on record (39 market trades, 1 funding round), with disclosed funding of ₹8.36 Cr; the latest was in September 2026.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2026 | Market trade | ₹2.6 Cr | Buyer: Wealth 4 U Hospitality Consultancy Private Limited Seller: Wealth 4 U Hospitality Consultancy Private Limited |
| Mar 2026 | Market trade | ₹1.4 Cr | Buyer: Craft Emerging Market Fund Pcc- Elite Capital Fund Seller: Komalay Investrade Private Limited |
| Aug 2024 | Market trade | ₹1.45 Cr | Buyer: Qmin Industries Limited , an individual Seller: an individual |
| Jul 2024 | Market trade | ₹53.3 Lakh | Buyer: an individual Seller: Transcera Advisor LLP |
| Feb 2024 | Market trade | ₹48.9 Lakh | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
To see the full deal history of Varvee Global 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
Varvee Global Limited has 32 court cases on record: 17 filed by Varvee Global, 15 filed against it. 4 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 7 | 3 |
| District courts | 11 | 4 | 1 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Comet Performance Chemicals Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Comet Performance Chemicals Pvt Ltd Through Its Authorized Signatory Jignesh Trivedi | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Comet Performance Chemicals Privatelimited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Dasaldhan Chemicals Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Uttar Gujarat Vij Company Ltd and 2 others | Disposed |
To see the full case history of Varvee Global 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
Varvee Global Limited was last rated by Brickwork on 01 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 01 Sep 2021 |
To see the full credit ratings and regulatory alerts of Varvee Global Limited, buy the company report.
MSME payment delays
Varvee Global Limited has 17 MSME Form 1 returns on record between 2019 and 2024, listing 295 overdue payments to 76 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 76)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| BP Lubricants Private Limited | |||
| an individual supplier | |||
| Praful Reed and Heald Frame Private Limited |
To see the full MSME payment records of Varvee Global Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Varvee Global has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA6019P1ZL | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Varvee Global Limited, buy the company report.
Recent activity
Varvee Global Limited has 33 board changes on record since 2007: 7 appointments and 26 cessations. The latest: Ravi Jitendra Modi ceased to be Additional Director on 18 Aug 2025.
179 earlier events are in the company report.
News
Frequently asked questions
Varvee Global is an active public limited company based in Ahmedabad, Gujarat, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 March 1988 (38+ years old) and is registered under CIN L13121GJ1988PLC010504. Listed on BSE: 514274 and NSE: VGL.
Varvee Global reported revenue of ₹62.8 Cr for FY 2025-26 (up 47.9% YoY) based on standalone financials.
Varvee Global has 6 current directors:
- Gupta Jaimin Kailash - Managing Director
- Tarachand Gangasahay Agrawal - Whole-Time Director
- Aartiben Pravinbhai Thakkar - Director
- Ankit Naresh Mittal - Director
- Nipun Vinodkumar Arora - Director
- Ravi Jitendra Modi - Director
The latest financial statements of Varvee Global on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Varvee Global is 24AABCA6019P1ZL, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Varvee Global is L13121GJ1988PLC010504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Varvee Global is a listed company as per MCA records. Its shares are listed on both BSE (code: 514274) and NSE (symbol: VGL).
Varvee Global has 32 court cases on record: 17 filed by the company and 15 filed against it. 4 are pending. Most are in the high courts.
Varvee Global was incorporated on 28 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Varvee Global has 40 deals on record (39 market trades, 1 funding round), with disclosed funding of ₹8.36 Cr; the latest was in September 2026.
The peers of Varvee Global by revenue are Pal Fashions Private Limited, Shivkrupa Cotspin Private Limited, Unistar Fabrics Private Limited, Vitrag Fabrics Private Limited, Gomathi Spinning Mills India Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ravi Jitendra Modi ceased to be Additional Director on 18 Aug 2025. Ravi Jitendra Modi was appointed as Director on 15 Jul 2025. Ashish Virendrabhai Shah ceased to be Managing Director on 05 Jul 2025. Varvee Global has 33 board changes on record in total.