Localbells Infolabs Private Limited
About Localbells Infolabs Private Limited
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Localbells Infolabs Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT services segment of the services sector. It was incorporated on 12 February 2016.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2016PTC103284.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹13.57 Lakh. It was formerly known as Grouplia Infolabs Private Limited. It was led by directors Satish Sharma and Praneeth Chinta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 2 – 48/5/6 Vaishnavi'S Cynosure 10th Floor Opp. Rttc Telecom Nagar Extn Gachibowli, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.54 Lakh. For the same year it recorded a net loss of ₹15.58 Lakh (net margin -440.6%) and EBITDA of -₹15.1 Lakh (EBITDA margin -427%).
The company was associated with 1 brand: Localbells. The company has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in June 2018.
Company details
Contact details
Localbells Infolabs Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 – 48/5/6 Vaishnavi'S Cynosure 10th Floor Opp. Rttc Telecom Nagar Extn Gachibowli, Hyderabad, Telangana, India – 500032
- IndustryService, Information Technology Services
To see the full contact details of Localbells Infolabs Private Limited, buy the company report.
- 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
Localbells Infolabs operates one associated brand: Localbells. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Events and activities booking platform | localbells.com |
Financials of Localbells Infolabs Private Limited
FY 2019 filings availableLocalbells Infolabs Private Limited reported revenue of ₹3.54 Lakh for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹3.54 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹15.1 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹15.58 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
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -427% | |
| Net Profit Margin | -440.6% | |
| 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 | ||
To see the full financial statements and ratios of Localbells Infolabs Private Limited, buy the company report.
Board of directors of Localbells Infolabs Private Limited
Localbells Infolabs has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Sharma | Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
| Praneeth Chinta | Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
Auditor
Localbells Infolabs Private Limited is audited by TUKARAM & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TUKARAM & CO | FY 2017 | 004436S |
Shareholding
The shareholding of Localbells Infolabs Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Localbells Infolabs Private Limited, buy the company report.
Deals & funding
Localbells Infolabs Private Limited has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in June 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Acquisition | ₹2.17 Cr | Buyer: Payswiff Technologies Private Limited Seller: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2017 | Rights issue | ₹24 Lakh | Investors: 2 individuals |
| Apr 2017 | Rights issue | ₹10 Lakh | Investors: an individual |
| Feb 2017 | Rights issue | ₹10 Lakh | Investors: an individual |
To see the full deal history of Localbells Infolabs Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Localbells Infolabs 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 Localbells Infolabs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Localbells Infolabs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Localbells Infolabs Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Vijay Suresh Rana ceased to be Additional Director on 31 Mar 2019.
Frequently asked questions
Localbells Infolabs has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Localbells Infolabs was a private limited company based in Hyderabad, Telangana, India. The company worked in information technology services, within the service industry. It was incorporated on 12 February 2016 and is registered under CIN U72200TG2016PTC103284. The company has been struck off by the Registrar of Companies and is no longer operational.
Localbells Infolabs had 2 directors:
- Satish Sharma - Director
- Praneeth Chinta - Director
The CIN (Corporate Identification Number) of Localbells Infolabs is U72200TG2016PTC103284. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Localbells Infolabs is at 2 – 4856 VaishnaviS Cynosure 10th Floor Opp. Rttc Telecom Nagar Extn Gachibowli, Hyderabad, Telangana, India – 500032.
Localbells Infolabs was incorporated on 12 February 2016. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Localbells Infolabs on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
Localbells Infolabs operated in the service industry, in the information technology services segment. It worked in this industry before it was struck off.
Localbells Infolabs has 6 deals on record (4 rights issues, 1 acquisition, 1 secondary share transfer); the latest was in June 2018.
Vijay Suresh Rana ceased to be Additional Director on 31 Mar 2019. Praneeth Chinta was appointed as Director on 12 Feb 2016. Satish Sharma was appointed as Director on 12 Feb 2016.
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