About Turret Labs Private Limited
Data last updated:
Turret Labs Private Limited was a private limited company based in Bangalore, Karnataka, 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 computer programming segment of the technology and IT services sector. It was incorporated on 13 February 1998.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72400KA1998PTC023384. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹8.62 Lakh. It was led by directors Suresh Giriraj and Srinivas Chander.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 18/5 Cambridge Cross Road Ulsoor, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2016, the company reported a revenue of ₹9.45 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹1.13 Lakh (net margin -12%) and EBITDA of -₹59,100 (EBITDA margin -6.3%).
The company was associated with 1 brand: Turret Labs.
The last known website on record is turretlabs.com.
Company details
CIN history
Turret Labs has one previous CIN (Corporate Identification Number): U85110KA1998PTC023384. The current CIN is U72400KA1998PTC023384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72400KA1998PTC023384 | Current |
| U85110KA1998PTC023384 | Previous |
Contact details
Turret Labs Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address18/5 Cambridge Cross Road Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryInformation Technology, Computer Programming, Consultancy
- 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
Turret Labs operates one associated brand: Turret Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Turret Labs is engaged in designing digital ecosystems for industries. | turretlabs.com |
Business activity
The main business activity of Turret Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Turret Labs Private Limited, buy the company report.
Financials of Turret Labs Private Limited
FY 2016 filings availableTurret Labs Private Limited reported revenue of ₹9.45 Lakh (down 72% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year. EBITDA fell 126% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹59,100 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.13 Lakh | |
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Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -6.3% | |
| Net Profit Margin | -12% | |
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To see the full financial statements and ratios of Turret Labs Private Limited, buy the company report.
Board of directors of Turret Labs Private Limited
Turret Labs has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Giriraj Also directs: Equinordic Systems Private Limited | Director | 21 Jan 2000 | 26 Years 9 Months | As last reported |
| Srinivas Chander Also directs: Dynascan Metrology Private Limited | Director | 13 Feb 1998 | 28 Years 8 Months | As last reported |
Peer comparison
Turret Labs Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Truepoint Management Services Private Limited | ₹9.46 Lakh (FY 2021) | -15.0% | Bangalore, Karnataka, India | |||
| GBM Engineering and Technologies Private Limited | ₹9.45 Lakh (FY 2019) | Kalyan East, Maharashtra, India | ||||
| Praavega Systems Private Limited | ₹9.45 Lakh (FY 2024) | 1365.0% | Pune, Maharashtra, India | |||
| Rigelgent Technologies Private Limited | ₹9.45 Lakh (FY 2021) | 46.0% | New Delhi, Delhi, India | |||
| Bizdigitiz Tech Solutions Private Limited | ₹9.45 Lakh (FY 2021) | 1550.0% | Chennai, Tamil Nadu, India | |||
| Turret Labs Private Limitedthis company | ₹9.45 Lakh (FY 2016) | -₹1.13 Lakh | -12% | -72.0% | Bangalore, Karnataka, India | |
| Bis Software Development Services Private Limited | ₹9.45 Lakh (FY 2019) | 390.0% | New Delhi, Delhi, India | |||
| A. Q. Softech Private Limited | ₹9.45 Lakh (FY 2024) | -76.0% | Kolkata, West Bengal, India | |||
| Delsig Systems Private Limited | ₹9.45 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Amudit Innovative Solutions Private Limited | ₹9.45 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| Sri Vaari Technology Consultants Private Limited | ₹9.44 Lakh (FY 2015) | -13.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Turret Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Turret Labs 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 Turret Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Turret Labs has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Turret Labs Private Limited, buy the company report.
Recent activity
Turret Labs Private Limited has 2 board changes on record since 1998: 2 appointments. The latest: Suresh Giriraj was appointed as Director on 21 Jan 2000.
Frequently asked questions
Turret Labs 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.
Turret Labs was a private limited company based in Bangalore, Karnataka, India. The company worked in computer programming, within the information technology industry. It was incorporated on 13 February 1998 and is registered under CIN U72400KA1998PTC023384. The company has been struck off by the Registrar of Companies and is no longer operational.
Turret Labs had 2 directors:
- Suresh Giriraj - Director
- Srinivas Chander - Director
The CIN (Corporate Identification Number) of Turret Labs is U72400KA1998PTC023384. 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 Turret Labs is at 185 Cambridge Cross Road Ulsoor, Bangalore, Karnataka, India – 560008.
Turret Labs was incorporated on 13 February 1998. It is registered with the Registrar of Companies, Bangalore.
Turret Labs can be reached through the website turretlabs.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Turret Labs on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Turret Labs has 1 GST registration on record and it is cancelled or inactive.
Turret Labs operated in the information technology industry, in the computer programming segment. It worked in this industry before it was struck off.
The peers of Turret Labs by revenue are Truepoint Management Services Private Limited, GBM Engineering and Technologies Private Limited, Praavega Systems Private Limited, Rigelgent Technologies Private Limited, Bizdigitiz Tech Solutions Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
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