About Web Initiate Systems Private Limited
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Web Initiate Systems Private Limited is a private limited company based in Delhi, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2011PTC221600. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Vivek Kumar and Vikrant Tiwari.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 8/28 Iiird Floor Wea Abdul Aziz Road Karol Bagh, Delhi, India – 110005.
As per the financials filed for FY 2017, the company reported a revenue of ₹13.39 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹4.78 Lakh (net margin -35.7%) and EBITDA of -₹3.72 Lakh (EBITDA margin -27.8%).
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website webinitiate.com.
Company details
Contact details
Web Initiate Systems Private Limited's registered office is in Delhi, Delhi. Its website is webinitiate.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8/28 Iiird Floor Wea Abdul Aziz Road Karol Bagh, Delhi, India – 110005
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Web Initiate Systems 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
Business activity
The main business activity of Web Initiate Systems is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Web Initiate Systems Private Limited, buy the company report.
Financials of Web Initiate Systems Private Limited
FY 2017 filings availableWeb Initiate Systems Private Limited reported revenue of ₹13.39 Lakh (down 54% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 54% in the latest year. EBITDA fell 262% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹13.39 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹3.72 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹4.78 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -27.8% | ||
| Net Profit Margin | -35.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
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| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Web Initiate Systems Private Limited, buy the company report.
Board of directors of Web Initiate Systems Private Limited
Web Initiate Systems has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Kumar Also directs: A2z Packaging LLP, A2z Graphics Private Limited, Any Packaging Private Limited and 3 more | Director | 28 Jun 2011 | 15 Years 3 Months | Current |
| Vikrant Tiwari Also directs: Goldy Solutions Private Limited | Director | 30 Apr 2015 | 11 Years 5 Months | Current |
Peer comparison
Web Initiate Systems Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (data processing, hosting and related activities; web portal), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Insuretech Digital Solutions India Private Limited | ₹13.49 Lakh (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| V India Technologies Private Limited | ₹13.49 Lakh (FY 2023) | -21.0% | Chennai, Tamil Nadu, India | |||
| Sleekfin India Private Limited | ₹13.48 Lakh (FY 2025) | -65.0% | Hyderabad, Telangana, India | |||
| Mini Information Technology Private Limited | ₹13.45 Lakh (FY 2024) | -21.0% | Dadri, Uttar Pradesh, India | |||
| Digitrickz Innovations Private Limited | ₹13.44 Lakh (FY 2022) | 228.0% | Kollam, Kerala, India | |||
| Web Initiate Systems Private Limitedthis company | ₹13.39 Lakh (FY 2017) | -₹4.78 Lakh | -35.7% | -54.0% | Delhi, India | |
| Brandxdash Private Limited | ₹13.39 Lakh (FY 2025) | -79.0% | Jodhpur, Rajasthan, India | |||
| Grow Global Strategies Private Limited | ₹13.36 Lakh (FY 2025) | -12.0% | Durgapur Mc, West Bengal, India | |||
| Vleek Infotech Private Limited | ₹13.34 Lakh (FY 2020) | 221.0% | Patna, Bihar, India | |||
| Stint Global India Private Limited | ₹13.32 Lakh (FY 2025) | -30.0% | New Delhi, Delhi, India | |||
| Lannet Technologies Private Limited | ₹13.3 Lakh (FY 2018) | -30.0% | Greater Noida, Uttar Pradesh, India |
To see the full peer comparison of Web Initiate Systems Private Limited, buy the company report.
Auditor
Web Initiate Systems Private Limited is audited by BATRA SAPRA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BATRA SAPRA & CO | FY 2017 | 000103N |
Shareholding
The shareholding of Web Initiate Systems 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 Web Initiate Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Web Initiate Systems 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 Web Initiate Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Web Initiate Systems 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 Web Initiate Systems Private Limited, buy the company report.
Recent activity
Web Initiate Systems Private Limited has 11 board changes on record since 2011: 2 appointments and 9 cessations. The latest: Shubham Kapoor ceased to be Director on 28 Feb 2017.
2 earlier events are in the company report.
Frequently asked questions
Web Initiate Systems is an active private limited company based in Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 28 June 2011 (15+ years old) and is registered under CIN U72900DL2011PTC221600.
Web Initiate Systems has 2 current directors:
- Vivek Kumar - Director
- Vikrant Tiwari - Director
The latest financial statements of Web Initiate Systems on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
No. Web Initiate Systems has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Web Initiate Systems is U72900DL2011PTC221600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Web Initiate Systems was incorporated on 28 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Web Initiate Systems by revenue are Insuretech Digital Solutions India Private Limited, V India Technologies Private Limited, Sleekfin India Private Limited, Mini Information Technology Private Limited, Digitrickz Innovations Private Limited and 5 more, all in the same principal business activity (data processing, hosting and related activities; web portal).
Shubham Kapoor ceased to be Director on 28 Feb 2017. Manohar Lal Vij ceased to be Director on 18 Nov 2016. Vikrant Tiwari ceased to be Additional Director on 28 Aug 2015. Web Initiate Systems has 11 board changes on record in total.
Web Initiate Systems can be reached through the website webinitiate.com. Its registered office is in Delhi, India.
The registered office of Web Initiate Systems is at 828 Iiird Floor Wea Abdul Aziz Road Karol Bagh, Delhi, India – 110005.
Web Initiate Systems operates in the information technology industry, in the application development and software solutions segment.