About Cila Incubator Private Limited
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Cila Incubator Private Limited is a foreign private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC138726. Its GSTIN is 29AAICC9804D1ZK (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mani Soundararajan and Gangappa Lokanath Santhosh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.49 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹28.29 Lakh (net margin 11.4%) and EBITDA of ₹50.3 Lakh (EBITDA margin 20.2%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Project 10K.
For more details, the company can be reached via its website cilalabs.com.
Company details
Contact details
Cila Incubator Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address2nd Cross Gayathri Layout, Ramasandra Kengeri, Bangalore, Karnataka, India – 560060
- IndustryInformation Technology, IT Consulting & Support Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Cila Incubator operates one associated brand: Project 10K. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development services are provided by Project 10K since 2011. | project10k.com |
Business activity
The main business activity of Cila Incubator is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Cila Incubator Private Limited, buy the company report.
Financials of Cila Incubator Private Limited
FY 2024 filings availableCila Incubator Private Limited reported revenue of ₹2.49 Cr (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 71% fall in the latest year. EBITDA fell 69% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹50.3 Lakh | |||
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| Net Profit (PAT) | ₹28.29 Lakh | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 20.2% | |||
| Net Profit Margin | 11.4% | |||
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To see the full financial statements and ratios of Cila Incubator Private Limited, buy the company report.
Board of directors of Cila Incubator Private Limited
Cila Incubator has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mani Soundararajan | Director | 17 Sep 2020 | 6 Years 1 Months | Current |
| Gangappa Lokanath Santhosh | Director | 07 May 2024 | 2 Years 5 Months | Current |
| Jared Ian Yellin | Director | 17 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Cila Incubator Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Creative Channel Media Private Limited | ₹2.5 Cr (FY 2025) | -23.0% | Delhi, India | |||
| Vanmat Technologies Private Limited | ₹2.49 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Transol Systems Private Limited | ₹2.49 Cr (FY 2018) | -54.0% | Bangalore, Karnataka, India | |||
| Alignment Health Private Limited | ₹2.49 Cr (FY 2025) | 84.0% | Bangalore, Karnataka, India | |||
| Ssoftoons Private Limited | ₹2.49 Cr (FY 2024) | 13.0% | Uluberia, West Bengal, India | |||
| Cila Incubator Private Limitedthis company | ₹2.49 Cr (FY 2024) | ₹28.29 Lakh | 11.4% | -71.0% | Bangalore, Karnataka, India | |
| First Health Advisory Private Limited | ₹2.49 Cr (FY 2023) | Pune, Maharashtra, India | ||||
| Forysta Ventures Limited | ₹2.49 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Sanskar Technolab Private Limited | ₹2.49 Cr (FY 2024) | 122.0% | Ahmedabad, Gujarat, India | |||
| Mark Com Solutions Private Limited | ₹2.49 Cr (FY 2025) | 24.0% | Ahmedabad, Gujarat, India | |||
| Digiglitz Technologies Private Limited | ₹2.49 Cr (FY 2025) | -32.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Cila Incubator Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cila Incubator Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cila Incubator Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cila Incubator has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC9804D1ZK | Karnataka | Active | 01 Jan 2021 |
To see the full GST registrations and return filing status of Cila Incubator Private Limited, buy the company report.
Recent activity
Cila Incubator Private Limited has 5 board changes on record since 2020: 3 appointments and 2 cessations. The latest: Gangappa Lokanath Santhosh ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Cila Incubator is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 17 September 2020 (6+ years old) and is registered under CIN U72900KA2020FTC138726.
Cila Incubator has 3 current directors:
- Mani Soundararajan - Director
- Gangappa Lokanath Santhosh - Director
- Jared Ian Yellin - Director
The latest financial statements of Cila Incubator on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Cila Incubator is 29AAICC9804D1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Cila Incubator is U72900KA2020FTC138726. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cila Incubator was incorporated on 17 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Cila Incubator by revenue are Creative Channel Media Private Limited, Vanmat Technologies Private Limited, Transol Systems Private Limited, Alignment Health Private Limited, Ssoftoons Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Gangappa Lokanath Santhosh ceased to be Additional Director on 29 Sep 2024. Gangappa Lokanath Santhosh was appointed as Director on 07 May 2024. Soumya Vikram ceased to be Director on 05 Sep 2023. Cila Incubator has 5 board changes on record in total.
Cila Incubator can be reached through the website cilalabs.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Cila Incubator is at 2nd Cross Gayathri Layout, Ramasandra Kengeri, Bangalore, Karnataka, India – 560060.
Cila Incubator operates in the information technology industry, in the IT consulting and support services segment.
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