Varman Aviation Private Limited - Due diligence report

A 360° intelligence report on Varman Aviation: trust score, financial health, credit view, compliance, directors, growth and distress signal…

1994-07-20 Bangalore, Karnataka Active Unlisted Active Compliant
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VA Varman Aviation Private Limited
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  • Director details, charges & MCA documents
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Varman Aviation — 360° Intelligence Report

Generated from MCA filings & public records
91/100
Trust Score
Low Risk

Varman Aviation is assessed as Low Risk with a Trust Score of 91/100. Varman Aviation is an active private limited indian non-government company incorporated in 1994, operating in the Transport and Logistics sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Varman Aviation Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
91/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (9.95 cr) · 3 satisfied (14.46 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Canara Bank4 48.0 cr
Hdfc Bank Ltd1 48.0 cr
H.D.F.C. Bank1 48.0 cr
Compliance Score: 81/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
NEENA RAJ 01234567 Director 01/04/2018 6 yrs Approved
ALAVALAPATI VEERABHADRA REDDY 01234567 Director 01/04/2018 6 yrs Approved
CHELUR RANGACHAR RAMANUJACHAR 01234567 Director 01/04/2018 6 yrs Approved
SANJEEV VARMAN 01234567 Director 01/04/2018 6 yrs Approved
NAVNEET VARMAN 01234567 Director 01/04/2018 6 yrs Approved
KAMALA VARMAN 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2021)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
8 allotment(s) · 2 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: NEENA RAJ (Managing Director) · ALAVALAPATI VEERABHADRA REDDY (Managing Director) · SANJEEV VARMAN (Managing Director) · NAVNEET VARMAN (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 9.95 cr already registered.
  • Compliance record supports lending.
Investor view94/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
09 Jan 2023
Charge created
Canara Bank - 30.00 Lakh
23 Dec 2022
Charge created
Canara Bank - 65.00 Lakh
31 Mar 2019
Share transfer (FY 2019)
8495.00000000 shares to MADAN MOHAN VARMAN
Share transfer (FY 2019)
750.00000000 shares to MADAN MOHAN VARMAN
01 Feb 2017
Director appointed
CHELUR RANGACHAR RAMANUJACHAR (Director)
09 Oct 2015
Charge satisfied
Canara Bank
01 Dec 2014
Director ceased
CHELUR RANGACHAR RAMANUJACHAR
22 Oct 2012
Securities allotted
24331.00 Equity Shares - 24.33 Lakh raised
Director ceased
MADAN MOHAN VARMAN
26 Nov 2010
Securities allotted
9860.00 Equity Shares - 9.86 Lakh raised
26 May 2010
Securities allotted
33297.00 Equity Shares - 33.30 Lakh raised
30 May 2009
Charge created
Canara Bank - 9.00 cr
07 Apr 2009
Charge satisfied
Hdfc Bank Ltd
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Unique Era Promotors Private Limited U45200DL2006PTC155712 New Delhi, Delhi, India
Surya Day U74999DL2014PTC268560 New Delhi, Delhi, India
Hindukush Bioproducts Private Limited U51909UP2016PTC088661 Lucknow, Uttar Pradesh, India
Saamag Healthcare Professional Management Private Limited U51909DL2001PTC113527 New Delhi, Delhi, India
Ruchi Forging & Fabrication Private Limited U27100WB2008PTC124032 Kolkata, West Bengal, India
Saishiraj Enterprises Private Limited U51101DL2014PTC263186 Delhi, Delhi, India
Generation Nxt Compmart Private Limited U72900DL2011PTC221738 New Delhi, Delhi, India
Primasonic Spectrum Private Limited U32301HR2009PTC114345 Sadar Bazar, Haryana, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Varman Aviation before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Varman Aviation: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Varman Aviation - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 91/100, distress signals and MSME payment-delay disclosures - know whether Varman Aviation pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Varman Aviation - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Varman Aviation an active company?

Varman Aviation has MCA status “Active” with a compliance score of 81/100 (Low Risk).

Is Varman Aviation financially healthy?

Varman Aviation has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Varman Aviation?

Its overall Trust Score is 91/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Varman Aviation?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Varman Aviation have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Varman Aviation up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).

Is it risky to lend to Varman Aviation?

Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.