MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0073807
Wecodee Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9.81 Cr
▼ 3% YoY
Net profit · FY 2024
₹1.37 Cr
Net margin 14%
EBITDA · FY 2024
₹2.15 Cr
EBITDA margin 21.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
31
Provident fund records
Directors on board
3
As per MCA filings
About Wecodee Innovations Private Limited
Data last updated:
Wecodee Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC116595. Its GSTIN is 29AACCW2719D1ZE (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sureshkumar Venugopal and Manoharan Karthikeyan.
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 No 221 7th Main Hrbr 2nd Block Kalyan Nagar, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.81 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Cr (net margin 14%) and EBITDA of ₹2.15 Cr (EBITDA margin 21.9%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 138% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WeCodee.
Wecodee Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0073807). For more details, the company can be reached via its website wecodee.com.
Company details
CIN U72900KA2018PTC116595
Registration Number 116595
Incorporation Date 20 September 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0073807
Key People
Sureshkumar Venugopal Director Manoharan Karthikeyan Director Tumxur Aswathanarayana Brijesh Director Recognitions & Rankings of Wecodee Innovations
Contact details
Wecodee Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is wecodee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 221 7th Main Hrbr 2nd Block Kalyan Nagar, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Wecodee Innovations Private Limited, buy the company report.
Comprehensive company report
Wecodee Innovations Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Wecodee Innovations operates one associated brand: WeCodee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an AI-based core banking solution for banks and financial institutions. | wecodee.com |
Business activity
The main business activity of Wecodee Innovations is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Wecodee Innovations Private Limited, buy the company report.
Financials of Wecodee Innovations Private Limited
FY 2024 filings availableWecodee Innovations Private Limited reported revenue of ₹9.81 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹9.81 Cr ▼ 3%
Net profit · FY 2024
₹1.37 Cr margin 14%
EBITDA · FY 2024
₹2.15 Cr margin 21.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 26%
5 years · compounded
▲ 138%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 39%
5 years · compounded
▲ 231%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 138%. EBITDA rose 9% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.15 Cr | ||||
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| Net Profit (PAT) | ₹1.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 21.9% | ||||
| Net Profit Margin | 14% | ||||
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To see the full financial statements and ratios of Wecodee Innovations Private Limited, buy the company report.
Board of directors of Wecodee Innovations Private Limited
Wecodee Innovations has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshkumar Venugopal | Director | 29 Apr 2022 | 4 Years 5 Months | Current |
| Manoharan Karthikeyan | Director | 17 Feb 2022 | 4 Years 8 Months | Current |
| Tumxur Aswathanarayana Brijesh | Director | 28 Feb 2022 | 4 Years 8 Months | Current |
Peer comparison
Wecodee Innovations Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Smartware Technologies Private Limited | ₹9.83 Cr (FY 2025) | -38.0% | Mumbai, Maharashtra, India | |||
| Multisoft Infocom Private Limited | ₹9.82 Cr (FY 2024) | -6.0% | New Delhi, Delhi, India | |||
| Rightrev India Private Limited | ₹9.82 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Aideas Engineering Private Limited | ₹9.82 Cr (FY 2024) | 18.0% | Bengaluru, Karnataka, India | |||
| SPX Media (OPC) Private Limited | ₹9.82 Cr (FY 2025) | 106.0% | Noida, Uttar Pradesh, India | |||
| Wecodee Innovations Private Limitedthis company | ₹9.81 Cr (FY 2024) | ₹1.37 Cr | 14% | -3.0% | 31 | Bangalore, Karnataka, India |
| Firefly Networks Limited | ₹9.8 Cr (FY 2024) | -50.0% | Chennai, Tamil Nadu, India | |||
| Outsource Infotech Services Private Limited | ₹9.8 Cr (FY 2018) | -1.0% | Bangalore, Karnataka, India | |||
| Santres Engineering Private Limited | ₹9.8 Cr (FY 2019) | 4.0% | Hyderabad, Telangana, India | |||
| Essence Global Services Private Limited | ₹9.79 Cr (FY 2024) | 93.0% | New Delhi, Delhi, India | |||
| Openport Logistics India Private Limited | ₹9.79 Cr (FY 2018) | 739.0% | Delhi, India |
To see the full peer comparison of Wecodee Innovations Private Limited, buy the company report.
Auditor
Wecodee Innovations Private Limited is audited by K VIJAYALAKSHMI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K VIJAYALAKSHMI | FY 2023 | 219609 |
Shareholding
The shareholding of Wecodee Innovations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wecodee Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wecodee Innovations 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 Wecodee Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wecodee Innovations Private Limited has a workforce of 31 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
55%
GST
Wecodee Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCW2719D1ZE | Karnataka | Active | 29 Jan 2020 |
To see the full GST registrations and return filing status of Wecodee Innovations Private Limited, buy the company report.
Recent activity
Wecodee Innovations Private Limited has 5 board changes on record since 2022: 3 appointments and 2 cessations. The latest: Sureshkumar Venugopal was appointed as Director on 29 Apr 2022.
AGM
Wecodee Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Wecodee Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Sureshkumar Venugopal was appointed as Director.
Ceased
Kalaiyarasi Sureshkumar ceased to be Director.
Ceased
Sureshkumar Venugopal ceased to be Director.
Appointed
Tumxur Aswathanarayana Brijesh was appointed as Director.
Appointed
Manoharan Karthikeyan was appointed as Director.
Incorporation
20 Sep 2018
Wecodee Innovations Private Limited was registered on 20 Sep 2018 with Roc Bangalore & aged 8 years 1 month as per MCA records.
Frequently asked questions
Wecodee Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U72900KA2018PTC116595.
Wecodee Innovations has 3 current directors:
- Sureshkumar Venugopal - Director
- Manoharan Karthikeyan - Director
- Tumxur Aswathanarayana Brijesh - Director
The latest financial statements of Wecodee Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Wecodee Innovations is 29AACCW2719D1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Wecodee Innovations is U72900KA2018PTC116595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wecodee Innovations was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wecodee Innovations by revenue are Smartware Technologies Private Limited, Multisoft Infocom Private Limited, Rightrev India Private Limited, Aideas Engineering Private Limited, SPX Media (OPC) Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Sureshkumar Venugopal was appointed as Director on 29 Apr 2022. Kalaiyarasi Sureshkumar ceased to be Director on 28 Feb 2022. Sureshkumar Venugopal ceased to be Director on 28 Feb 2022. Wecodee Innovations has 5 board changes on record in total.
Yes, Wecodee Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0073807).
Wecodee Innovations can be reached through the website wecodee.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Wecodee Innovations is at No 221 7th Main Hrbr 2nd Block Kalyan Nagar, Bangalore, Karnataka, India – 560043.