About Lbit Labs Private Limited
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Lbit Labs Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U67190AP2014PTC095719. Its GSTIN is 37AAHCP9362Q1ZF (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹20 Lakh. It was formerly known as Pennant Fin Services Private Limited. It is led by directors Tagorji Yerneni and Rajiv Mahesh Sanghvi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.98 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹52.47 Lakh (net margin -210%) and EBITDA of ₹23.1 Lakh (EBITDA margin 92.5%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 4% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: LBIT Labs and Letzbank.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lbitlabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressD.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003
- 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
- One PDF report, delivered after checkout
Associated Brands with Lbit Labs Private Limited
Lbit Labs operates two associated brands: LBIT Labs and Letzbank. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as an automated platform for managing receivables. | lbitlabs.com | |
| Operates a platform for comparing and selecting loan options efficiently. | letzbank.com |
Business Activity of Lbit Labs Private Limited
The main business activity of Lbit Labs is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Lbit Labs Private Limited FY 2025 filings available
Lbit Labs Private Limited reported revenue of ₹24.98 Lakh (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Lbit Labs Private Limited
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 156% 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 of Lbit Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹23.1 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹52.47 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Lbit Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -210% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Lbit Labs are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Lbit Labs Private Limited
Lbit Labs has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tagorji Yerneni | Director | 06 Feb 2015 | 11 Years 8 Months | Current |
| Rajiv Mahesh Sanghvi Also directs: Momentum Motors LLP, Automotive Manufacturers Private Limited, Olympus Motors Private Limited and 5 more | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
Peer Comparison of Lbit Labs Private Limited
Lbit Labs Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fourchakras Consultants Private Limited | ₹25 Lakh (FY 2024) | •••• | •••• | -37.0% | •••• | Kolkata, West Bengal, India |
| Gega Martech Private Limited | ₹25 Lakh (FY 2024) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Talwalkars Club Systems Private Limited | ₹25 Lakh (FY 2018) | •••• | •••• | 24900.0% | •••• | Mumbai, Maharashtra, India |
| Finalytics Financial Advisors Private Limited | ₹25 Lakh (FY 2024) | •••• | •••• | -77.0% | •••• | Gurugram, Haryana, India |
| Manoo Quantedge Private Limited | ₹24.99 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Lbit Labs Private Limited this company | ₹24.98 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| D.F.C Engineers Private Limited | ₹24.96 Lakh (FY 2022) | •••• | •••• | -46.0% | •••• | Mumbai, Maharashtra, India |
| Nexyom Consultancy Services Private Limited | ₹24.96 Lakh (FY 2025) | •••• | •••• | -40.0% | •••• | Hapur, Uttar Pradesh, India |
| Ramdwara Housing Construction Private Limited | ₹24.95 Lakh (FY 2023) | •••• | •••• | 391.0% | •••• | Delhi, India |
| Vega Enterprises Pvt Ltd | ₹24.95 Lakh (FY 2016) | •••• | •••• | 5445.0% | •••• | Kolkata, West Bengal, India |
| Canton Consultants Private Limited | ₹24.95 Lakh (FY 2025) | •••• | •••• | 2477.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Lbit Labs by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Lbit Labs Private Limited
Lbit Labs Private Limited is audited by SREEDAR MOHAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SREEDAR MOHAN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Lbit Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Lbit Labs Private Limited
Lbit Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Lbit Labs Private Limited
Lbit Labs Private Limited has a workforce of 10 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Lbit Labs Private Limited
Lbit Labs Private Limited has 7 board changes on record since 2015: 2 appointments and 5 cessations. The latest: Rajiv Mahesh Sanghvi ceased to be Additional Director on 30 Nov 2020.
Credit Ratings, Litigation & Regulatory Alerts for Lbit Labs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Lbit Labs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Lbit Labs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Lbit Labs Private Limited
Lbit Labs has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAHCP9362Q1ZF | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AAHCP9362Q1ZH | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Lbit Labs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Lbit Labs Private Limited
Lbit Labs is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 November 2014 (12+ years old) and is registered under CIN U67190AP2014PTC095719.
Lbit Labs reported revenue of ₹24.98 Lakh for FY 2025 (up 2% YoY).
Lbit Labs has 2 current directors:
- Tagorji Yerneni - Director
- Rajiv Mahesh Sanghvi - Director
Lbit Labs reported a net loss of ₹52.47 Lakh (net margin -210%) and EBITDA of ₹23.1 Lakh (EBITDA margin 92.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lbit Labs is -23% over three years and -4% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lbit Labs is 37AAHCP9362Q1ZF, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAHCP9362Q1ZH (Telangana).
The CIN (Corporate Identification Number) of Lbit Labs is U67190AP2014PTC095719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lbit Labs was incorporated on 28 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Lbit Labs by revenue are Fourchakras Consultants Private Limited, Gega Martech Private Limited, Talwalkars Club Systems Private Limited, Finalytics Financial Advisors Private Limited, Manoo Quantedge Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Rajiv Mahesh Sanghvi ceased to be Additional Director on 30 Nov 2020. Chakrapani Guntur ceased to be Director on 30 Sep 2019. Naveen Kumar Jain ceased to be Director on 30 Sep 2019. Lbit Labs has 7 board changes on record in total.
Lbit Labs can be reached through the website lbitlabs.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.