About Varya Tech Private Limited
Data last updated:
Varya Tech Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 20 July 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1978PTC020508. Its GSTIN is 27AAACN9867H1ZY (Maharashtra). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4.9 Cr and a paid-up capital of ₹4.25 Cr. It was formerly known as Norinco Private Limited. It is led by directors including Nikhil Mathew and Meena Mathew.
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 301 – 302 Orbit Plaza New Prabhadevi Marg Behind Chaitanya Tower Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.69 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹67.97 Lakh (net margin 1.7%) and EBITDA of ₹3.36 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 13% over five years.
The company has about 129 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15.67 Cr and satisfied charges of ₹13.85 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.21 Cr; the latest was in April 2019. Its 10 peer companies in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is SFS Equipments Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website norinco.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address301 – 302 Orbit Plaza New Prabhadevi Marg Behind Chaitanya Tower Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
- 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 Varya Tech Private Limited
The main business activities of Varya Tech are trade and transport and storage. In detail, this covers retail trading and services incidental to land, water & air transportation. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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 Varya Tech Private Limited FY 2025 filings available
Varya Tech Private Limited reported revenue of ₹40.69 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Varya Tech Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 5% growth in the latest year. EBITDA fell 2% 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 Varya Tech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.36 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹67.97 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 Varya Tech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.7% | •••• | •••• | •••• | •••• |
| 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 Varya Tech 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 Varya Tech Private Limited
Varya Tech Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SFS Equipments Private Limited | •••• | •••• | •••• | •••• | 90 | Chennai, Tamil Nadu, India |
| Puyang Refractories Group Company India Private Limited | •••• | •••• | •••• | •••• | 58 | Kolkata, West Bengal, India |
| Anand Utilities Private Limited | •••• | •••• | •••• | •••• | - | Jamshedpur, Jharkhand, India |
| Ipd Analytics India Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Caculo Earthmovers Private Limited | •••• | •••• | •••• | •••• | 44 | Panaji, Goa, India |
| Varya Tech Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| NDT Technologies Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Artech International Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Astol Cleantech Private Limited | •••• | •••• | •••• | •••• | 283 | Delhi, India |
| Nipha India Pvt. Ltd. | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Electra Koko Tawa Weld Private Limited | •••• | •••• | •••• | •••• | 107 | Delhi, India |
Peers are the five companies nearest above and the five nearest below Varya Tech by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Varya Tech Private Limited
Varya Tech Private Limited is audited by R K Karanth & Co for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R K Karanth & Co | 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 Varya Tech Private Limited
Varya Tech 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 |
|---|---|---|---|---|
| Nikhil Mathew | Director | 01 Aug 2013 | 13 Years 2 Months | Current |
| Meena Mathew Also directs: N.T.S. Private Limited, Tahir Properties Limited | Director | 23 Sep 1994 | 32 Years 0 Months | Current |
| George Mathew | Director | 26 Jul 1988 | 38 Years 2 Months | Current |
Ownership and Shareholding of Varya Tech 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 Varya Tech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Dec 2022 | Hdfc Bank Limited | ₹4 Cr | Open |
| 03 Dec 2022 | Hdfc Bank Limited | ₹45.25 Lakh | Open |
| 03 Dec 2022 | Hdfc Bank Limited | ₹45.25 Lakh | Open |
| 27 Oct 2022 | Hdfc Bank Limited | ₹39.36 Lakh | Open |
| 14 Dec 2016 | Others | ₹10.37 Cr | Open |
Total charge records: 7 View all charges
Deals & Funding of Varya Tech Private Limited
Varya Tech Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.21 Cr; the latest was in April 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Investor Education & Protection Fund Seller: 4 individuals |
| Dec 2017 | Funding round | ₹4.21 Cr | Investors: NTS Private Limited, 3 individuals |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Dalhousie Holdings Ltd |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: NTS Private Limited Seller: an individual |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: NTS Private Limited Seller: an individual |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Varya Tech Private Limited
Varya Tech Private Limited has 5 court cases on record: 3 filed by Varya Tech, 2 filed against it. 1 case is pending and 4 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against State Tax Officer | Pending |
| High Court of Kerala | Writ petition | Filed by the company against State Tax Officer | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Varya Tech Private Limited
Varya Tech Private Limited has a workforce of 129 employees as of Dec 12, 2024.
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.
Group Structure of Varya Tech Private Limited
Varya Tech has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Recent Activity on Varya Tech Private Limited
Varya Tech Private Limited has 5 board changes on record since 1988: 3 appointments and 2 cessations. The latest: Mrinal Kanti Lodh ceased to be Director on 20 Feb 2020.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Varya Tech 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 Varya Tech 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 Varya Tech 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 Varya Tech Private Limited
Varya Tech has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN9867H1ZY | Maharashtra | Active | 01 Jul 2017 |
| 19AAACN9867H1ZV | West Bengal | Active | 01 Jul 2017 |
| 30AAACN9867H1ZB | Goa | Active | 01 Jul 2017 |
| 32AAACN9867H1Z7 | Kerala | Active | 01 Jul 2017 |
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 Varya Tech 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 Varya Tech Private Limited
Varya Tech is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 20 July 1978 (48+ years old) and is registered under CIN U99999MH1978PTC020508.
Varya Tech reported revenue of ₹40.69 Cr for FY 2025 (up 5% YoY).
Varya Tech has 3 current directors:
- Nikhil Mathew - Director
- Meena Mathew - Director
- George Mathew - Director
Varya Tech reported a net profit of ₹67.97 Lakh (net margin 1.7%) and EBITDA of ₹3.36 Cr (EBITDA margin 8.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varya Tech is 7% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Varya Tech is 27AAACN9867H1ZY, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAACN9867H1ZV (West Bengal), 30AAACN9867H1ZB (Goa), 32AAACN9867H1Z7 (Kerala).
The CIN (Corporate Identification Number) of Varya Tech is U99999MH1978PTC020508. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varya Tech has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Varya Tech was incorporated on 20 July 1978, making it 48+ years old. It is registered with the Registrar of Companies, Mumbai.
Varya Tech has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.21 Cr; the latest was in April 2019.
The peers of Varya Tech by revenue are SFS Equipments Private Limited, Puyang Refractories Group Company India Private Limited, Anand Utilities Private Limited, Ipd Analytics India Private Limited, Caculo Earthmovers Private Limited and 5 more, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution).