Vassar Labs It Solutions Private Limited logo

Vassar Labs It Solutions Private Limited

Designs and develops software applications using IoT, machine learning, and AI for various industries.
2014 | Visakhapatnam, Andhra Pradesh (India) | Active

Last Updated:

December 03, 2024
HomeCompanyVassar Labs It Solutions Private Limited

Who are the key members and board of directors at Vassar Labs It Solutions?

Board Members(4)

NameDesignationAppointment DateStatus
Laxmiprasad Putta Us Director 19-Sep-2014Current
Potineni Rao In Director 19-Sep-2014Current
Potineni Rani In Director 19-Sep-2014Current
Teja Potineni Us Director 19-Sep-2014Current

Financial Performance of Vassar Labs It Solutions.

Vassar Labs It Solutions Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 68.89% increase. The company also saw a substantial improvement in profitability, with a 269.84% increase in profit. The company's net worth Soared by an impressive increase of 25.98%.

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  • Key Matrics
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Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
68.89%
Revenue from Operations
68.70%
Total Assets
-29.85%
Profit or Loss
269.84%
Net Worth
25.98%
EBITDA
524.14%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges

₹188.18 M

LenderAmountStatus

Others

Creation Date: 26 Oct 2022
₹16.90 CrOpen

Others

Creation Date: 23 Jul 2020
₹4.18 MOpen

Axis Bank Limited

Creation Date: 22 Sep 2015
₹1.50 CrOpen

How Many Employees Work at Vassar Labs It Solutions?

Vassar Labs It Solutions has a workforce of 63 employees as of Mar 21, 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.

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Latest Updates, News, and FAQs on Vassar Labs It Solutions

Recent activity within the organization

  • Annual General Meeting

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

    30 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 169.00 M with Charge ID 100643350 was registered on 26 Oct 2022.

    26 Oct 2022

  • Charges

    A charge with Others amounted to Rs. 4.18 M with Charge ID 100363332 was registered on 23 Jul 2020.

    23 Jul 2020

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 15.00 M with Charge ID 10598477 was registered on 22 Sep 2015.

    22 Sep 2015

  • Director Appointment

    Laxmiprasad Putta was appointed as a Director was appointed as a Director on 19 Sep 2014 & has been associated with this company since 10 years 3 months .

    19 Sep 2014

Recent News, Updates & Announcement

  • news
    Cyclone Fani Exacerbates Drought Crisis in Maharashtra and Karnataka, Hyderabad Startup Offers Innovative Solutions.

    When cyclone Fani hit Odisha and West Bengal, it worsened the already dire drought situation in Maharashtra and Karnataka. With a majority of farmers relying on rain for irrigation, a bad monsoon can lead to crop failure and debt, resulting in a high number of farmer suicides. Hyderabad-based startup Vassar Labs is using technology like IoT and machine learning to provide real-time solutions to these issues. They have already helped over 18,000 villages and are now expanding to other states..

    30 May 2019 Economic Times

Frequently asked questions

  • Vassar Labs It Solutions Private Limited was incorporated on 19 Sep 2014.

  • The authorized share capital of Vassar Labs It Solutions Private Limited is ₹ 1.10 M and paid-up capital is ₹ 1.00 M.

  • Currently 4 directors are associated with Vassar Labs It Solutions Private Limited.

    • Laxmiprasad Putta
    • Potineni Koteswara Rao
    • Potineni Vindhya Rani
    • Teja Potineni
  • As per Ministry of Corporate Affairs (Mca), the registered address of Vassar Labs It Solutions Private Limited is 50-96-12/8 T. P. T. Colony Seetammadhara Visakhapatnam, India, Visakhapatanam, Andhra Pradesh, 530013.

  • The corporate identification number (CIN) of Vassar Labs It Solutions Private Limited is U72500AP2014PTC095357 and the company number is 095357 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Vassar Labs It Solutions Private Limited is https://www.vassarlabs.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Vassar Labs It Solutions Private Limited has risen by 68.89%.

  • As Per 2022 financial reports, 63 employees are currently employed by Vassar Labs It Solutions Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Vassar Labs It Solutions Private Limited has experienced an upsurge of 25.98%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Vassar Labs It Solutions Private Limited amount to ₹ 18.82 Cr.

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

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