Openwifi Labs Private Limited

Founded in 2016 and headquartered in Telangana, India.

2016 | Hyderabad, Telangana (India) | Active
Last Updated: December 09, 2024

Openwifi Labs Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 8 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -47.12%
  • Profit Growth -138.48%
  • Ebitda -270.00%
  • Net Worth -91.66%
  • Total Assets -0.00%

About Openwifi Labs

Openwifi Labs Private Limited (OLPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 02 December 2016 (Eight years and two months 26 days old ). Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Telecom 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 0.50 M and a paid-up capital of Rs 0.50 M, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Openwifi Labs Private Limited India is Yeshwanth Reddy as CEO. Gade Shobha, Yeshwanth Reddy, and Patlolla Kirti serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    simply5.io

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999TG2016PTC113225

  • Company No.

    113225

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    02 Dec 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Telecom

What products or services does Openwifi Labs Private Limited offer?

Openwifi Labs Private Limited offers a wide range of products and services, including Computer and Networking Solutions, Networking Solutions, Tele Conferencing & VoIP Services, IP Telephony Service, Data Entry & Data Processing Service, Data Conversion Services.

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

Executive Team (1)

NameDesignationAppointment DateStatus
Yeshwanth Reddy Country flag representing In CEO02-Dec-2016Current

Board Members (3)

NameDesignationAppointment DateStatus
Patlolla Kirti Country flag representing In Director 19-Feb-2018Current
Yeshwanth Reddy Country flag representing In Director and Ceo 02-Dec-2016Current
Gade Shobha Country flag representing In Director 02-Dec-2016Current

Financial Performance of Openwifi Labs.

Openwifi Labs Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 47.12% decrease. The company also saw a substantial fall in profitability, with a 138.48% decrease in profit. The company's net worth observed a substantial decline by a decrease of 91.66%.

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
-47.12%
Revenue from Operations
-49.08%
Total Assets
-0.00%
Profit or Loss
-138.48%
Net Worth
-91.66%
EBITDA
-270.00%

What is the Ownership and Shareholding Structure of Openwifi Labs?

In 2021, Openwifi 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 Openwifi Labs?

Unlock and access historical data on people associated with Openwifi Labs, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Openwifi 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 Openwifi 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 Openwifi Labs

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Patlolla Reddy Kirti was appointed as a Director was appointed as a Director on 19 Feb 2018 & has been associated with this company since 7 years 7 days .

    19 Feb 2018

  • Director Appointment

    Gade Shobha was appointed as a Director was appointed as a Director on 02 Dec 2016 & has been associated with this company since 8 years 2 months .

    02 Dec 2016

  • Director Appointment

    Yeshwanth Gade Reddy was appointed as a Director was appointed as a Director on 02 Dec 2016 & has been associated with this company since 8 years 2 months .

    02 Dec 2016

  • Director Appointment

    Yeshwanth Gade Reddy was appointed as a Ceo was appointed as a Ceo on 02 Dec 2016 & has been associated with this company since 8 years 2 months .

    02 Dec 2016

Frequently asked questions

  • Openwifi Labs Private Limited was incorporated on 02 Dec 2016.

  • The authorized share capital of Openwifi Labs Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.50 M.

  • Currently 4 directors are associated with Openwifi Labs Private Limited.

    • Gade Shobha
    • Yeshwanth Gade Reddy
    • Patlolla Reddy Kirti
    • Yeshwanth Gade Reddy
  • As per Ministry of Corporate Affairs (Mca), the registered address of Openwifi Labs Private Limited is 8-3-833/282 2Nd Floor, Phase 2 Kamalapuri Colony India, Hyderabad, Telangana, 500073.

  • The corporate identification number (CIN) of Openwifi Labs Private Limited is U74999TG2016PTC113225 and the company number is 113225 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Openwifi Labs Private Limited is https://www.simply5.io

  • According to the financial reports for the fiscal year 2021, the revenue trend for Openwifi Labs Private Limited has fallen by -47.12%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Openwifi Labs Private Limited has experienced an downturn of -91.66%.

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