MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0030623
Future Ip Labs LLP - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.76 Cr
▲ 30% YoY
Net profit · FY 2023
₹84.04 Lakh
Net margin 30.4%
EBITDA · FY 2023
-₹1.03 Cr
EBITDA margin -37.3%
Contribution obligation
₹2.63 Lakh
As per LLP agreement
LLP age
12 yrs
Est. 2014
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
Last financials
Mar 2025
Balance sheet date
About Future Ip Labs LLP
Data last updated:
Future Ip Labs LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 10 July 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAC-4528. Its GSTIN is 29AADFF7848J1ZV (Karnataka).
The LLP has a total obligation of contribution of ₹2.63 Lakh. It is led by designated partners Sudhir Sarma Durvasula and Balasubramaniam Ramaswamy Chitoor.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at No.731 1st Floor 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹2.76 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹84.04 Lakh (net margin 30.4%) and EBITDA of -₹1.03 Cr (EBITDA margin -37.3%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 26% over five years.
Future Ip Labs LLP is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0030623). For more details, the LLP can be reached via its website futureip.com.
Company details
LLPIN AAC-4528
Incorporation Date 10 July 2014
Total Obligation of Contribution ₹2.63 Lakh
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0030623
Key People
Sudhir Sarma Durvasula Designated Partner Balasubramaniam Ramaswamy Chitoor Designated Partner Recognitions & Rankings of Future Ip Labs
Contact details
Future Ip Labs LLP's registered office is in Bangalore, Karnataka. Its website is futureip.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.731 1st Floor 3rd Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Computer Related Activities
To see the full contact details of Future Ip Labs LLP, buy the company report.
Comprehensive company report
Future Ip Labs LLP - one report that includes everything
- 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
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Financials of Future Ip Labs LLP
FY 2025 filings availableFuture Ip Labs LLP reported revenue of ₹2.76 Cr (up 30% YoY) for FY 2023.
Revenue · FY 2023
₹2.76 Cr ▲ 30%
Net profit · FY 2023
₹84.04 Lakh margin 30.4%
EBITDA · FY 2023
-₹1.03 Cr margin -37.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 40%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 30% growth 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹2.76 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹84.04 Lakh | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
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| Investments | |||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 30.4% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Profit Growth | |||||
To see the full financial statements and ratios of Future Ip Labs LLP, buy the company report.
Designated partners of Future Ip Labs LLP
Future Ip Labs has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudhir Sarma Durvasula | Designated Partner | 10 Jul 2014 | 12 Years 3 Months | Current |
| Balasubramaniam Ramaswamy Chitoor | Designated Partner | 10 Jul 2014 | 12 Years 3 Months | Current |
Legal cases
No court or tribunal cases involving Future Ip Labs LLP 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 Future Ip Labs LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Future Ip Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADFF7848J1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Future Ip Labs LLP, buy the company report.
Recent activity
Future Ip Labs LLP has 4 designated partner changes on record since 2014: 3 appointments and 1 cessation. The latest: Pranay Gupta was appointed as Partner on 24 Feb 2023.
AGM
Future Ip Labs Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Future Ip Labs Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Pranay Gupta was appointed as Partner.
Ceased
Ankur Dhingra ceased to be Partner.
Appointed
Balasubramaniam Ramaswamy Chitoor was appointed as Designated Partner.
Appointed
Sudhir Sarma Durvasula was appointed as Designated Partner.
Incorporation
10 Jul 2014
Future Ip Labs Llp was registered on 10 Jul 2014 with Roc Bangalore & aged 12 years 3 months as per MCA records.
Frequently asked questions
Future Ip Labs is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in computer related activities, within the information technology industry. It was incorporated on 10 July 2014 (12+ years old) and is registered under LLPIN AAC-4528.
Future Ip Labs has 2 current designated partners:
- Sudhir Sarma Durvasula - Designated Partner
- Balasubramaniam Ramaswamy Chitoor - Designated Partner
The latest financial statements of Future Ip Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Future Ip Labs is 29AADFF7848J1ZV, registered in Karnataka.
The LLPIN (Limited Liability Partnership Identification Number) of Future Ip Labs is AAC-4528. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Future Ip Labs was incorporated on 10 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Pranay Gupta was appointed as Partner on 24 Feb 2023. Ankur Dhingra ceased to be Partner on 16 Nov 2019. Balasubramaniam Ramaswamy Chitoor was appointed as Designated Partner on 10 Jul 2014. Future Ip Labs has 4 designated partner changes on record in total.
Yes, Future Ip Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0030623).
Future Ip Labs can be reached through the website futureip.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Future Ip Labs is at No.731 1st Floor 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.