Lbit Labs Private Limited

Founded in 2014 and headquartered in Andhra Pradesh, India.

2014 | Visakhapatnam, Andhra Pradesh (India) | Active
Last Updated:

Lbit Labs Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 2.00 M
  • Company Age 10 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -50.12%
  • Profit Growth -191.61%
  • Ebitda -112.10%
  • Net Worth -787.36%
  • Total Assets 2.17%

About Lbit Labs

Lbit Labs Private Limited (LLPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 November 2014 and has a history of Ten years and three months. Its registered office is in Visakhapatnam, Andhra Pradesh, India.

The Corporate was formerly known as Pennant Fin Services Private Limited. 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 2.00 Cr and a paid-up capital of Rs 2.00 M, as per Ministry of Corporate Affairs (MCA) records.

Rajiv Sanghvi and Tagorji Yerneni serve as directors at the Company.

Company Details

  • Location

    Visakhapatnam, Andhra Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    lbitlabs.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U67190AP2014PTC095719

  • Company No.

    095719

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Nov 2014

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Vijayawada

Industry

Information Technology
Business Outsourcing

Who are the key members and board of directors at Lbit Labs?

Board Members (2)

NameDesignationAppointment DateStatus
Tagorji Yerneni Country flag representing In Director 06-Feb-2015Current
Rajiv Sanghvi Country flag representing In Director 30-Sep-2019Current

Financial Performance of Lbit Labs.

Lbit Labs Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 50.12% decrease. The company also saw a substantial fall in profitability, with a 191.61% decrease in profit. The company's net worth observed a substantial decline by a decrease of 787.36%.

Lbit Labs revenue growth over time
Lbit Labs 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
-50.12%
Revenue from Operations
-52.08%
Total Assets
2.17%
Profit or Loss
-191.61%
Net Worth
-787.36%
EBITDA
-112.10%

What is the Ownership and Shareholding Structure of Lbit Labs?

In 2023, Lbit Labs 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 Lbit Labs?

Lbit Labs has a workforce of 10 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.

Employee growth trends for Lbit Labs Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Lbit Labs, 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 Lbit Labs'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 Lbit Labs

Recent activity within the organization

  • Annual General Meeting

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

  • Balance Sheet

    Lbit Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.

  • Director Appointment

    Rajiv Mahesh Sanghvi was appointed as a Director was appointed as a Director on 30 Sep 2019 & has been associated with this company since 5 years 5 months .

  • Director Appointment

    Tagorji Yerneni was appointed as a Director was appointed as a Director on 06 Feb 2015 & has been associated with this company since 10 years 27 days .

  • Company Incorporation

    Lbit Labs Private Limited was registered on 28 Nov 2014 with Roc Vijayawada & aged 10 years 3 months as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Lbit Labs Private Limited?

    Lbit Labs Private Limited was incorporated on 28 Nov 2014.

  • What is authorized share capital and paid-up capital of Lbit Labs Private Limited?

    The authorized share capital of Lbit Labs Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 2.00 M.

  • Who are the current board members & directors of Lbit Labs Private Limited?

    Currently 2 directors are associated with Lbit Labs Private Limited.

    • Rajiv Mahesh Sanghvi
    • Tagorji Yerneni

  • What is the registered address of Lbit Labs Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Lbit Labs Private Limited is D.No.9-13-35/4 First Floor Cbm Compound East Extension Vip Road, India, Visakhapatnam, Andhra Pradesh, 530003.

  • What is the corporate identification number (CIN) and company number of Lbit Labs Private Limited?

    The corporate identification number (CIN) of Lbit Labs Private Limited is U67190AP2014PTC095719 and the company number is 095719 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Lbit Labs Private Limited?

    The Official website of Lbit Labs Private Limited is https://www.lbitlabs.com

  • What has been the recent revenue trend for Lbit Labs Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Lbit Labs Private Limited has fallen by -50.12%.

  • How many employees does Lbit Labs Private Limited currently have?

    As Per 2023 financial reports, 10 employees are currently employed by Lbit Labs Private Limited.

  • What change has been observed in the net worth of Lbit Labs Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Lbit Labs Private Limited has experienced an downturn of -787.36%.

  • When was the last Balance Sheet of Lbit Labs Private Limited filed with the ROC?

    The most recent Balance Sheet for Lbit Labs Private Limited was filed with the ROC on 31 Mar 2024.

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