About Services Labs Software Private Limited
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Services Labs Software Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Opendoor Labs Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2013FTC093178. Its GSTIN is 33AATCS7240L2ZS (Tamil Nadu). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Venkata Durga Pola Rao Machavarapu (Managing Director) and Bradford Ludwig Bonney.
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 11th Floor Block A Global Infocity Park, Plot No.40 Mgr Nedunchalai South Kandanchavadi Chennai 600096 India, Tamil Nadu, India – 600096.
As per the financials filed for FY 2025, the company reported a revenue of ₹129.22 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹11.69 Cr (net margin 9.1%) and EBITDA of ₹19.49 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 183% over three years and 78% over five years.
The company has about 200 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Opendoor.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website opendoor.com.
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- TelephoneLocked
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- Registered Address11th Floor Block A Global Infocity Park, Plot No.40 Mgr Nedunchalai South Kandanchavadi Chennai 600096 India, Tamil Nadu, India – 600096
- 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
Business Activity of Services Labs Software Private Limited
The main business activity of Services Labs Software is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Services Labs Software Private Limited FY 2024 filings available
Services Labs Software Private Limited reported revenue of ₹129.22 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Services Labs Software Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 58% growth in the latest year. EBITDA rose 52% 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 Services Labs Software 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 | ₹19.49 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.69 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Services Labs Software Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.1% | •••• | •••• | •••• | •••• |
| 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 Services Labs Software 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.
Peer Comparison of Services Labs Software Private Limited
Services Labs Software Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Blaize New Computing Technologies India Private Limited | ₹130.49 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Hyderabad, Telangana, India |
| Application Software Technologies Private Limited | ₹130.1 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Impressico Business Solutions Private Limited | ₹129.56 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| HTC Holdings Private Limited | ₹129.55 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Brightly Software India Private Limited | ₹129.47 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Bangalore, Karnataka, India |
| Services Labs Software Private Limited this company | ₹129.22 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Chennai, Tamil Nadu, India |
| Yethi Consulting Private Limited | ₹129.03 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Lionbridge Technologies Private Limited | ₹128.84 Cr (FY 2018) | •••• | •••• | 15.0% | •••• | Navi Mumbai, Maharashtra, India |
| Rboomerang Retail Commerce Technologies India Private Limited | ₹128.36 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Infrabeat Technologies Private Limited | ₹127.93 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Pune, Maharashtra, India |
| Josys Digital Technologies India Private Limited | ₹127.88 Cr (FY 2025) | •••• | •••• | 146.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Services Labs Software by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Services Labs Software Private Limited
Services Labs Software Private Limited is audited by HSA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HSA & 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.
Board of Directors of Services Labs Software Private Limited
Services Labs Software has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bradford Ludwig Bonney | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
| Venkata Durga Pola Rao Machavarapu | Managing Director | - | Current | |
| Ernest Inbaraj | Director | 22 Oct 2016 | 9 Years 11 Months | Current |
Ownership and Shareholding of Services Labs Software 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 Services Labs Software Private Limited
Services Labs Software Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Services Labs Software Private Limited
Services Labs Software operates one associated brand: Opendoor. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential properties are resold via an app-based platform. | opendoor.com |
Employees and EPFO Compliance at Services Labs Software Private Limited
Services Labs Software Private Limited has a workforce of 200 employees as of Apr 10, 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 Services Labs Software Private Limited
Services Labs Software Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Rajalakshmi Iyer Subramanian ceased to be Director on 01 Jul 2024.
Credit Ratings, Litigation & Regulatory Alerts for Services Labs Software 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 Services Labs Software 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 Services Labs Software 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 Services Labs Software Private Limited
Services Labs Software has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AATCS7240L2ZS | Tamil Nadu | Active | 15 Jul 2017 |
| 36AATCS7240L1ZN | Telangana | Active | 21 Jun 2024 |
| 29AATCS7240L1ZI | Karnataka | Active | 20 Aug 2024 |
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 Services Labs Software 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 Services Labs Software Private Limited
Services Labs Software is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 September 2013 (13+ years old) and is registered under CIN U72900TN2013FTC093178.
Services Labs Software reported revenue of ₹129.22 Cr for FY 2025 (up 58% YoY).
Services Labs Software has 3 current directors:
- Venkata Durga Pola Rao Machavarapu - Managing Director
- Bradford Ludwig Bonney - Director
- Ernest Inbaraj - Director
Services Labs Software reported a net profit of ₹11.69 Cr (net margin 9.1%) and EBITDA of ₹19.49 Cr (EBITDA margin 15.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Services Labs Software is 183% over three years and 78% over five years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Services Labs Software is 33AATCS7240L2ZS, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AATCS7240L1ZN (Telangana), 29AATCS7240L1ZI (Karnataka).
The CIN (Corporate Identification Number) of Services Labs Software is U72900TN2013FTC093178. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Services Labs Software was incorporated on 30 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Services Labs Software by revenue are Blaize New Computing Technologies India Private Limited, Application Software Technologies Private Limited, Impressico Business Solutions Private Limited, HTC Holdings Private Limited, Brightly Software India Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Rajalakshmi Iyer Subramanian ceased to be Director on 01 Jul 2024. Venkata Durga Pola Rao Machavarapu ceased to be Additional Director on 09 May 2024. Bradford Ludwig Bonney ceased to be Additional Director on 29 Sep 2023. Services Labs Software has 8 board changes on record in total.
Services Labs Software can be reached through the website opendoor.com. Its registered office is in Chennai, Tamil Nadu, India.