Variac Systems Profile
Key Indicators
- Authorised Capital ₹ 1.50 M
- Paid Up Capital ₹ 1.41 M
- Company Age 28 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 1.70 Cr
- Revenue Growth -41.68%
- Profit Growth -463.49%
- Ebitda -40.82%
- Net Worth -0.31%
- Total Assets 3.02%
About Variac Systems
Variac Systems Private Limited (VSPL) is a Private Limited Indian Non-Government Company incorporated in India on 26 September 1996 and has a history of 28 years and five months. Its registered office is in Chennai, Tamil Nadu, India.
The Company is engaged in the Engineering 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 1.50 M and a paid-up capital of Rs 1.41 M.
The company has closed loans amounting to ₹1.70 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Sumithra Srikant and Srikant Sitaraman serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U72300TN1996PTC036639
- Company No.
036639
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
26 Sep 1996
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Engineering
Information Technology
What products or services does Variac Systems Private Limited offer?
Variac Systems Private Limited offers a wide range of products and services, including Data Entry & Data Processing Service, Database Management, GPS and Navigation Devices, Car & Vehicle GPS Devices, 3D Printer & Services, 3D CAD Designing, Inspection & Quality Check Services, Survey Solution.
Who are the key members and board of directors at Variac Systems?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srikant Sitaraman  | Director | 26-Sep-1996 | Current |
| Sumithra Srikant | Director | 15-Sep-2000 | Current |
Financial Performance of Variac Systems.
Variac Systems Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 41.68% decrease. The company also saw a substantial fall in profitability, with a 463.49% decrease in profit. The company's net worth dipped by a decrease of 0.31%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Variac Systems?
In 2021, Variac Systems had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Citann Engineers (India) Private LimitedSumithra Srikant and Srikant Sitaraman are mutual person
Avris Environment Technologies LlpSrikant Sitaraman is a mutual person
Avris Environment Technologies Private LimitedSrikant Sitaraman is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹17.00 M
Charges Breakdown by Lending Institutions
- Punjab National Bank : 1.20 Cr
- Standard Chartered Bank : 0.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2011 | Standard Chartered Bank | ₹5.00 M | Satisfied |
| 31 Oct 1996 | Punjab National Bank | ₹1.20 Cr | Satisfied |
How Many Employees Work at Variac Systems?
Unlock and access historical data on people associated with Variac Systems, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Variac Systems, 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 Variac Systems'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.
Latest Updates, News, and FAQs on Variac Systems
Recent activity within the organization
- Annual General Meeting
Variac Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Variac Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Charges
A charge registered on 22 Jun 2011 via Charge ID 10294847 with Standard Chartered Bank was fully satisfied on 17 Oct 2012.
- Charges
A charge registered on 31 Oct 1996 via Charge ID 90286238 with Punjab National Bank was fully satisfied on 13 Sep 2012.
- Charges
A charge with Standard Chartered Bank amounted to Rs. 5.00 M with Charge ID 10294847 was registered on 22 Jun 2011.
- Director Appointment
Sumithra Srikant was appointed as a Director was appointed as a Director on 15 Sep 2000 & has been associated with this company since 24 years 5 months .
Frequently asked questions
What is the Incorporation or founding date of Variac Systems Private Limited?
Variac Systems Private Limited was incorporated on 26 Sep 1996.
What is authorized share capital and paid-up capital of Variac Systems Private Limited?
The authorized share capital of Variac Systems Private Limited is ₹ 1.50 M and paid-up capital is ₹ 1.41 M.
Who are the current board members & directors of Variac Systems Private Limited?
Currently 2 directors are associated with Variac Systems Private Limited.
- Sumithra Srikant
- Srikant Sitaraman
What is the registered address of Variac Systems Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Variac Systems Private Limited is New 29 Old 11 Venus Colony 2Nd Street 4B Kadayamsri, Alwarpet India, Chennai, Tamil Nadu, 600018.
What is the corporate identification number (CIN) and company number of Variac Systems Private Limited?
The corporate identification number (CIN) of Variac Systems Private Limited is U72300TN1996PTC036639 and the company number is 036639 as per Ministry of Corporate Affairs (MCA).
What is the official website of Variac Systems Private Limited?
The Official website of Variac Systems Private Limited is https://www.variacsystems.in
What has been the recent revenue trend for Variac Systems Private Limited?
According to the financial reports for the fiscal year 2021, the revenue trend for Variac Systems Private Limited has fallen by -41.68%.
What change has been observed in the net worth of Variac Systems Private Limited, and by what percentage?
The financial reports for the fiscal year 2021 indicates that The net worth of Variac Systems Private Limited has experienced an downturn of -0.31%.
When was the last Balance Sheet of Variac Systems Private Limited filed with the ROC?
The most recent Balance Sheet for Variac Systems Private Limited was filed with the ROC on 31 Mar 2024.