Financial Results
Annual Report
Investor Presentations
Corporate Announcements
Varanium Cloud Limited has entered into an agreement with Secur Credentials Ltd to provide high compute, cost effective BPO operations in non-urban areas by leveraging its multi-use, phy-gital compute infrastructure built under the Edmission & Hydra brands.
Mr Rahul Belwalkar, CEO and MD of Secur Credentials Ltd says “We deeply believe talent knows no boundaries. And our first KPO set up proved us right. The level of talent and aptitude we witnessed in Sindhudurg is no different from any bigger metro city. It clearly therefore, is only a matter of the right time and opportunities. Starting the journey from 20 exclusive seats we aim to grow to 200 seats by the end of 2023 and build a robust employment pool in Sindhudurg & Goa.”
The BPO professionals were taken onboard via the job fair held earlier this month by Edmission, our edtech & skills deveopment vertical.
By leveraging a combination of its multi-use phygital infrastructure & its edtech/skills development vertical, Varanium Cloud is expected to disrupt cost structures in the massive BPO & KPO industries and bring signficant margin enhancements to providers.
Varanium Cloud Ltd is pleased to announce the launch of our proprietary designed Edge Data Centre in Goa at Panjim on the 27th December, 2022. This centre has been inaugurated under our brand Hydra. The launch aims to facilitate unswerving and proficient computing in smaller cities and dispersed locations.
Given the immense potential of edge data centres, they are getting prevalent and are regarded by many as the future of computing and data sharing. Especially, with the rollout of 5G in India, Edge Computing has become the need of the hour, as it will enable 5G to deliver on its latency and bandwidth promises. Varanium Cloud Limited, with this launch, will hop onto this bandwagon.
Speaking on the same, Mr Harshawardhan Sabale, Managing Director, Varanium Cloud Limited says, “The mission of Varanium Cloud Limited is to ‘build the phy-gital ecosystem for the #nextbillion’. We aim to promote equitable development by identifying the challenges faced by non- urban communities and addressing them through digital solutions. This would bridge the glaring gaps between the urban and non-urban populations and provide the latter with opportunities to enter the mainstream. The launch of the Edge Data Centre is one such endeavour. It moves away from the centralized computing model and helps create a more sustainable and accessible ecosystem.”
Edge Computing has become the need of the hour, as it will enable 5G to deliver on its latency and bandwidth promises. Varanium Cloud Limited, with this launch, will hop onto this bandwagon.
Varanium Cloud Ltd’s e-commerce as a service – Tug Digital is expanding into the world of franchise media with a collection that will be released in Q4 of FY 2023. Iconic animation art from the classic video game and TV series will feature on a wide range of apparel and stationery.
Pokémon first launched in Japan in 1996 as a Nintendo game. The game quickly became a global phenomenon and has since grown into one of the most popular entertainment properties in the world. The Pokémon Company has visibly made its way into the apparel industry with its merchandise getting increasingly popular over the years.
Tug Digital’s extensive D2C services covering storage and warehousing, packaging, shipping, social media marketing and customer relationship management services, along with The Pokémon Company’s global influence will result in a quirky collection that should take the apparel world by storm. Look out for the collection so you can catch ‘em all!
Varanium Cloud Ltd. (‘the Company'”) has entered into a licensing arrangement with one of world’s leading lifestyle brand companies, SmileyWorld Limited to create, market and distribute a D2C collection of branded apparel.The Company will leverage Tug Digital, its eCommerce-As-A-Service platform that provides 360-degree D2C services including product development, inventory management, pick and ship, social media marketing as well as customer relationship management services.
SmileyWorld is not only an original collaborator brand but also a worldwide symbol for optimism for over half a century. The brand celebrated 50 years in 2022, reawakening their mantra, Take the Time to Smile. SmileyWorld also recently partnered in India with fashion houses such as ONLY and H&M for exclusive apparel lines and now, the Company has joined this august group of entities that have partnerships with SmileyWorld.
In this partnership, Varanium Cloud Ltd will also leverage its existing ecosystem of vendors across associate and group companies to develop an exclusive line of apparel with SmileyWorld that will be completely delivered end-to-end using the Company’s full stack technology services built ground up for the D2C e-commerce industry.
Varanium Cloud Ltd will leverage its full-stack technology services built ground up for the D2C e-commerce industry to develop an exclusive line of apparel with Smiley World.
Keeping in line with its mission statement of “Building the phy-gital ecosystem for the #nextbillion”, Varanium Cloud Limited (“the Company”) entered into a Processing Services Agreement with Que Processing Services Pvt Ltd to launch RuPay Prepaid Cards focused on non-urban and micro consumers.
Focusing on its deep rooted networks in the Sindhudurg region where the cards will initially be launched and distributed, the Company intends to help farmers eliminate the pain-points of cash handling and low credit, while leveraging world-class blockchain based KYC systems to ensure that they complete their KYC procedures and have a secure means of payment for their purchases and receiving payments.
This will help consumers from the region bridge the digital divide and participate in the fintech boom in India while allowing them to also enjoy basic digital services like bill payments through BBPS which most of urban India takes for granted. Further, this will also serve as a method of inclusion into the system in order for the farmers to avail of various benefits that are then available to digitally inclusive consumers such as customised products offerings and credit.
Keeping in line with its mission statement, Varanium Cloud Ltd will use its non-urban focused phy-gital ecosystem to make the benefits of India’s fintech revolution more accessible & inclusive.
Board of Directors
| Name of the Person | Designation |
|---|---|
| Harshawardhan Sabale | Chairperson & Managing Director |
| Vinayak Jadhav | Executive Director |
| Fahim Shaikh | Executive Director |
| Pratik Surendrakumar Shah | Independent Director |
| Nidhi Jain | Independent Director |
| Harshita Singhal | Independent Director |
| Kalpesh Acharekar | Non-Executive Director |
Committees
| Name of the Person | Category | Designation |
|---|---|---|
| Mr. Pratik Surendrakumar Shah | Independent Director | Chairperson |
| Ms. Nidhi Jain | Independent Director | Member |
| Mr. Harshawardhan Sabale | Managing Director | Member |
| Name of the Person | Category | Designation |
|---|---|---|
| Ms. Nidhi Jain | Independent Director | Chairperson |
| Mr. Pratik Surendrakumar Shah | Independent Director | Member |
| Ms. Harshita Singhal | Independent Director | Member |
| Name of the Person | Category | Designation |
|---|---|---|
| Ms. Nidhi Jain | Independent Director | Chairman |
| Mr. Kalpesh Anil Acharekar | Non-Executive Director | Member |
| Mr. Fahim Iunus Shaikh | Executive Director | Member |
| Name of the Person | Designation |
|---|---|
| Ms. Sonakshi Agarwal | Presiding Officer |
| Ms. Megha Desai | Member |
| Mr. Mukundan Raghavan | Member |
| Ms. Ritu Agwekar | External Member |
Group Companies Summary Financials
| Particulars (INR lacs except per share data) | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Share Capital | 1.91 | 1.91 | 1.91 |
| Net Worth | 110.47 | 48.57 | (0.50) |
| Total Revenue | 494.18 | 73.92 | Nil |
| Profit After Tax and Extra-ordinary item | 61.90 | 49.07 | (0.60) |
| Basic and Diluted Earnings per Equity Share | 324.68 | 257.36 | (3.15) |
| Net Asset Value/Book Value per Equity share | 579.43 | 254.74 | (2.62) |
| Total Borrowings (including Preference Share Capital) | 4.89 | 4.89 | Nil |
| Particulars (INR lacs except per share data) | FY 2022 |
|---|---|
| Share Capital | 1.00 |
| Net Worth | 141.32 |
| Total Revenue | 2,388.66 |
| Profit After Tax and Extra-ordinary item | 140.32 |
| Basic and Diluted Earnings per Equity Share | Basic: 1,403.24 Diluted: 1,463.38 |
| Net Asset Value/Book Value per Equity share | 1,413.24 |
| Total Borrowings (including Preference Share Capital) | Nil |
| Particulars (INR lacs except per share data) | FY 2022 |
|---|---|
| Share Capital | 1.00 |
| Net Worth | 127.87 |
| Total Revenue | 864.52 |
| Profit After Tax and Extra-ordinary item | 126.87 |
| Basic and Diluted Earnings per Equity Share | Basic: 1,268.70 Diluted: 1,350.07 |
| Net Asset Value/Book Value per Equity share | 1278.70 |
| Total Borrowings (including Preference Share Capital) | 2.96 |
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