Varank Tech Private Limited

Global technology provider for travel industry, offering SAAS product and IT consulting services.

2020 | Thane, Maharashtra (India) | Active
Last Updated: January 10, 2025

Varank Tech Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 5 Year, 4 Days
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -10.34%
  • Profit Growth -396.81%
  • Ebitda -460.69%
  • Net Worth -113.54%
  • Total Assets 97.48%

About Varank Tech

Varank Tech Private Limited (VTPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 February 2020 (Five years 4 days old ). Its registered office is in Thane, Maharashtra, India.

The Company is engaged in the Information Technology 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Aniket Upganlawar, Naresh Chandak, Rajiv Menon, and Three other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vesimplify.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72900MH2020PTC337913

  • Company No.

    337913

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    18 Feb 2020

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Information Technology

Who are the key members and board of directors at Varank Tech?

Board Members (6)

NameDesignationAppointment DateStatus
Rohan Naresh Country flag representing In Director 09-Aug-2023Current
Rajiv Menon Country flag representing In Director 18-Feb-2020Current
Kunal Shah Country flag representing In Director 09-Aug-2023Current
Karthikeyan Suriyanarayanan Country flag representing In Director 18-Feb-2020Current
Aniket Upganlawar Country flag representing In Director 18-Feb-2020Current
Naresh Chandak Country flag representing In Director 18-Feb-2020Current

Financial Performance of Varank Tech.

Varank Tech Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.34% decrease. The company also saw a substantial fall in profitability, with a 396.81% decrease in profit. The company's net worth observed a substantial decline by a decrease of 113.54%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-10.34%
Revenue from Operations
-9.65%
Total Assets
97.48%
Profit or Loss
-396.81%
Net Worth
-113.54%
EBITDA
-460.69%

What is the Ownership and Shareholding Structure of Varank Tech?

In 2023, Varank Tech had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Varank Tech?

Varank Tech has a workforce of 1 employees as of Mar 28, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Varank Tech, 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 Varank Tech's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Varank Tech

Recent activity within the organization

  • Annual General Meeting

    Varank Tech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Varank Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Kunal Naresh Shah was appointed as a Director was appointed as a Director on 09 Aug 2023 & has been associated with this company since 1 year 6 months .

    09 Aug 2023

  • Director Appointment

    Rohan Shah Naresh was appointed as a Director was appointed as a Director on 09 Aug 2023 & has been associated with this company since 1 year 6 months .

    09 Aug 2023

  • Director Appointment

    Aniket Vasant Upganlawar was appointed as a Director was appointed as a Director on 18 Feb 2020 & has been associated with this company since 5 years 4 days .

    18 Feb 2020

  • Director Appointment

    Naresh Tulsidas Chandak was appointed as a Director was appointed as a Director on 18 Feb 2020 & has been associated with this company since 5 years 4 days .

    18 Feb 2020

Frequently asked questions

  • Varank Tech Private Limited was incorporated on 18 Feb 2020.

  • The authorized share capital of Varank Tech Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 6 directors are associated with Varank Tech Private Limited.

    • Aniket Vasant Upganlawar
    • Naresh Tulsidas Chandak
    • Rajiv Menon
    • Kunal Naresh Shah
    • Rohan Shah Naresh
    • Karthikeyan Suriyanarayanan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Varank Tech Private Limited is Unit No. F-195 Haware Fantasia Business Park Plot 47 Sector 30A, Vashi India, Navi Mumbai, Maharashtra, 400703.

  • The corporate identification number (CIN) of Varank Tech Private Limited is U72900MH2020PTC337913 and the company number is 337913 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Varank Tech Private Limited is https://www.vesimplify.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Varank Tech Private Limited has fallen by -10.34%.

  • As Per 2023 financial reports, 1 employees are currently employed by Varank Tech Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Varank Tech Private Limited has experienced an downturn of -113.54%.

  • The most recent Balance Sheet for Varank Tech Private Limited was filed with the ROC on 31 Mar 2024.

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