Varthana Finance Profile
Key Indicators
- Authorised Capital ₹ 60.58 Cr
as on 23-10-2024
- Paid Up Capital ₹ 50.55 Cr
as on 23-10-2024
- Company Age 40 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,536.47 Cr
as on 23-10-2024
- Satisfied Charges ₹ 1,372.04 Cr
as on 23-10-2024
- Revenue -1.93%
(FY 2023)
- Profit 115.69%
(FY 2023)
- Ebitda -13.28%
(FY 2023)
- Net Worth 3.12%
(FY 2023)
- Total Assets 7.77%
(FY 2023)
About Varthana Finance
The Corporate was formerly known as Thirumeni Finance Pvt Ltd. The Company is engaged in the Financial Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 60.58 Cr and a paid-up capital of Rs 50.55 Cr.
The company currently has active open charges totaling ₹1,536.47 Cr. The company has closed loans amounting to ₹1,372.04 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Varthana Finance Private Limited India are Talib Lokhandwala as CFO and Vidya Sridharan as Company Secretary. Anand Sudarshan, Treasa Mathew, Steven Hardgrave, and Six other members serve as directors at the Company.
- CIN/LLPIN
U65923KA1984PTC096528
- Company No.
096528
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
12 Jun 1984
- Date of AGM
05 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Varthana Finance?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Talib Lokhandwala | CFO | 01-Jun-2023 | Current |
Vidya Sridharan  | Company Secretary | 31-Aug-2024 | Current |
Board Members(9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Steven Hardgrave  | Director | 18-Jul-2012 | Current |
| Ramanathan Kumar | Director | 08-May-2018 | Current |
| Divya Venkatavaraghavan | Nominee Director | 09-Nov-2022 | Current |
| Brahmanand Hegde | Director | 12-Sep-2023 | Current |
| Anand Sudarshan | Director | 20-Aug-2015 | Current |
| Treasa Mathew | Nominee Director | 09-Nov-2022 | Current |
Financial Performance and Corporate Structure Insights of Varthana Finance.
Varthana Finance Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.93% decrease. The company also saw a substantial improvement in profitability, with a 115.69% increase in profit. The company's net worth moved up by a moderate rise of 3.12%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Varthana Finance?
In 2023, Varthana Finance had a promoter holding of 64.89% and a public holding of 35.12%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 24 Sep 2024 | ₹15.00 Cr | Open |
Others Creation Date: 09 Sep 2024 | ₹11.50 Cr | Open |
Others Creation Date: 22 Aug 2024 | ₹20.00 Cr | Open |
How Many Employees Work at Varthana Finance?
Varthana Finance has a workforce of 716 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Varthana Finance, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Varthana Finance's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
