About Wemited Innovations Private Limited
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Wemited Innovations Private Limited was a private limited company based in Delhi, 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 15 September 2014.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2014PTC271574. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Pradeep Mittal and Sandeep Mittal.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Pn O – G – 407 Gali No.2 Mandawali Fazalpur Near Primary School, Delhi, India – 110092.
As per the financials filed for FY 2018, the company reported a revenue of ₹4.5 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹2.01 Lakh (net margin -44.5%) and EBITDA of -₹1.77 Lakh (EBITDA margin -39.3%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
The company was associated with 1 brand: WeMited.
The last known website on record is wemited.com.
Company details
Contact details
Wemited Innovations Private Limited's registered office is in Delhi, Delhi. Its website is wemited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPn O – G – 407 Gali No.2 Mandawali Fazalpur Near Primary School, Delhi, India – 110092
- IndustryInformation Technology, Computer Programming, Consultancy
To see the full contact details of Wemited Innovations 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
Wemited Innovations operates one associated brand: WeMited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops mobile applications, games, and IT solutions for businesses and startups. | wemited.com |
Business activity
The main business activity of Wemited Innovations 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 Wemited Innovations Private Limited, buy the company report.
Financials of Wemited Innovations Private Limited
FY 2018 filings availableWemited Innovations Private Limited reported revenue of ₹4.5 Lakh (down 71% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 71% fall in the latest year. EBITDA fell 476% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹1.77 Lakh | |||
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| Net Profit (PAT) | -₹2.01 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | ||||
| EBITDA Margin | -39.3% | |||
| Net Profit Margin | -44.5% | |||
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To see the full financial statements and ratios of Wemited Innovations Private Limited, buy the company report.
Board of directors of Wemited Innovations Private Limited
Wemited Innovations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Mittal Also directs: Technokriti Solutions LLP | Director | 15 Sep 2014 | 12 Years 1 Months | As last reported |
| Sandeep Mittal | Director | 15 Sep 2014 | 12 Years 1 Months | As last reported |
| Ruchika Bansal Also directs: Technokriti Solutions LLP | Director | 30 Jun 2016 | 10 Years 4 Months | As last reported |
Peer comparison
Wemited Innovations Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Idoc Software Private Limited | ₹4.51 Lakh (FY 2022) | 1.0% | Hyderabad, Telangana, India | |||
| R-Serve Info Systems Private Limited | ₹4.51 Lakh (FY 2024) | -46.0% | New Delhi, Delhi, India | |||
| Sagiant Tech Solutions Private Limited | ₹4.51 Lakh (FY 2024) | Hyderabad, Telangana, India | ||||
| Eduwity Solution Private Limited | ₹4.51 Lakh (FY 2023) | Ahmedabad, Gujarat, India | ||||
| Squiboo Infomedia Private Limited | ₹4.5 Lakh (FY 2022) | 6235.0% | Ahmedabad, Gujarat, India | |||
| Wemited Innovations Private Limitedthis company | ₹4.5 Lakh (FY 2018) | -₹2.01 Lakh | -44.5% | -71.0% | Delhi, India | |
| NVR Technologies Private Limited | ₹4.5 Lakh (FY 2018) | -10.0% | Delhi, India | |||
| Twenty Nine Six Services Private Limited | ₹4.5 Lakh (FY 2025) | -17.0% | Mohiuddinagar, Bihar, India | |||
| Fidus E Trading Private Limited | ₹4.5 Lakh (FY 2016) | -57.0% | New Delhi, Delhi, India | |||
| Adsl Consulting and Solutions (India) Private Limited | ₹4.5 Lakh (FY 2024) | -60.0% | Salem, Tamil Nadu, India |
To see the full peer comparison of Wemited Innovations Private Limited, buy the company report.
Auditor
Wemited Innovations Private Limited is audited by NPG & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NPG & ASSOCIATES | FY 2017 | 026646N |
Shareholding
The shareholding of Wemited Innovations 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 Wemited Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wemited 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 Wemited Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wemited Innovations 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 Wemited Innovations Private Limited, buy the company report.
Recent activity
Wemited Innovations Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Ruchika Bansal ceased to be Additional Director on 30 Sep 2016.
Frequently asked questions
Wemited Innovations 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.
Wemited Innovations was a private limited company based in Delhi, India. The company worked in computer programming, within the information technology industry. It was incorporated on 15 September 2014 and is registered under CIN U72200DL2014PTC271574. The company has been struck off by the Registrar of Companies and is no longer operational.
Wemited Innovations had 3 directors:
- Pradeep Mittal - Director
- Sandeep Mittal - Director
- Ruchika Bansal - Director
The CIN (Corporate Identification Number) of Wemited Innovations is U72200DL2014PTC271574. 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 Wemited Innovations is at Pn O – G – 407 Gali No.2 Mandawali Fazalpur Near Primary School, Delhi, India – 110092.
Wemited Innovations was incorporated on 15 September 2014. It is registered with the Registrar of Companies, Delhi.
Wemited Innovations can be reached through the website wemited.com. Its registered office is in Delhi, India.
The latest financial statements of Wemited Innovations on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Wemited Innovations has 1 GST registration on record and it is cancelled or inactive.
Wemited Innovations operated in the information technology industry, in the computer programming segment. It worked in this industry before it was struck off.
The peers of Wemited Innovations by revenue are Idoc Software Private Limited, R-Serve Info Systems Private Limited, Sagiant Tech Solutions Private Limited, Eduwity Solution Private Limited, Squiboo Infomedia Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
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