Witworks Consumer Technologies Private Limited
About Witworks Consumer Technologies Private Limited
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Witworks Consumer Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the musical instrument segment of the musical instruments sector. It was incorporated on 24 September 2015.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC083013. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.51 Lakh. It was led by directors including Chandrashekhar Shankar Iyer and Somnath Meher.
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 was at No. 76 Block – 4 'B' 7th 'A' Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2017, the company reported a revenue of ₹51.06 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.08 Cr (net margin -212.3%) and EBITDA of -₹1.08 Cr (EBITDA margin -210.6%).
The company was associated with 2 brands: WitWorks and Blink Watch. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹3.22 Cr; the latest was in April 2018. Its 10 peer companies in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 5 smaller; the largest is Meadow Industrial Services Private Limited with revenue of ₹51.31 Lakh.
Company details
Contact details
Witworks Consumer Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 76 Block – 4 'B' 7th 'A' Koramangala, Bangalore, Karnataka, India – 560034
- IndustryMusical Instruments, Musical Instrument, Sports Goods, Jewellery, Manufacturing
To see the full contact details of Witworks Consumer Technologies 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
Witworks Consumer Technologies operates two associated brands: WitWorks and Blink Watch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smartwatch for notifications and fitness tracking is developed. | witworks.com | |
| Connected watches with voice command access are provided. | blink.watch |
Business activity
The main business activity of Witworks Consumer Technologies is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Witworks Consumer Technologies Private Limited, buy the company report.
Financials of Witworks Consumer Technologies Private Limited
FY 2017 filings availableWitworks Consumer Technologies Private Limited reported revenue of ₹51.06 Lakh (up 22879% YoY) for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹51.06 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.08 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.08 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 | ||
| Inventories | ||
| Trade Receivables | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -210.6% | |
| Net Profit Margin | -212.3% | |
| 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 | ||
To see the full financial statements and ratios of Witworks Consumer Technologies Private Limited, buy the company report.
Board of directors of Witworks Consumer Technologies Private Limited
Witworks Consumer Technologies has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Singhal Also directs: Saarthi Integrated Consulting LLP, Pi Partners LLP, Abee Research Labs Private Limited and 4 more | Nominee Director | 01 Dec 2015 | 10 Years 10 Months | As last reported |
| Chandrashekhar Shankar Iyer | Director | 24 Sep 2015 | 11 Years 1 Months | As last reported |
| Kanwaljit Singh Also directs: Fireside Investment Advisory LLP, Fireside Ventures Management LLP, Fireside Ventures Advisory LLP and 5 more | Nominee Director | 01 Dec 2015 | 10 Years 10 Months | As last reported |
| Somnath Meher | Director | 24 Sep 2015 | 11 Years 1 Months | As last reported |
| Devagi Pramodh Ankit | Director | 24 Sep 2015 | 11 Years 1 Months | As last reported |
Peer comparison
Witworks Consumer Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Meadow Industrial Services Private Limited | ₹51.31 Lakh (FY 2025) | 49.0% | Hosur, Tamil Nadu, India | |||
| Haryana Linkages Pvt Ltd | ₹51.25 Lakh (FY 2025) | -47.0% | Chandigarh, India | |||
| Delite Coatings Private Limited | ₹51.23 Lakh (FY 2025) | 25.0% | Amritsar, Punjab, India | |||
| Danatrol Engineering India Private Limited | ₹51.13 Lakh (FY 2019) | -24.0% | Bangalore, Karnataka, India | |||
| Mudra Orthotic Private Limited | ₹51.11 Lakh (FY 2024) | -2.0% | Ahmedabad, Gujarat, India | |||
| Witworks Consumer Technologies Private Limitedthis company | ₹51.06 Lakh (FY 2017) | -₹1.08 Cr | -212.3% | 22879.0% | Bangalore, Karnataka, India | |
| Daxton Engineering Private Limited | ₹51 Lakh (FY 2025) | -59.0% | Ballabgarh, Haryana, India | |||
| Lenco India Horological Private Limited | ₹50.98 Lakh (FY 2022) | -36.0% | Chennai, Tamil Nadu, India | |||
| Saathi Adhesives Private Limited | ₹50.97 Lakh (FY 2018) | Ahmedabad, Gujarat, India | ||||
| Capital Polythreads Private Limited | ₹50.96 Lakh (FY 2025) | -24.0% | Delhi, India | |||
| Vision RMC India Private Limited | ₹50.81 Lakh (FY 2024) | -75.0% | Gurugram, Haryana, India |
To see the full peer comparison of Witworks Consumer Technologies Private Limited, buy the company report.
Auditor
Witworks Consumer Technologies Private Limited is audited by RAO AND PRADEEP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO AND PRADEEP | FY 2017 | 014796S |
Shareholding
The shareholding of Witworks Consumer Technologies 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 Witworks Consumer Technologies Private Limited, buy the company report.
Deals & funding
Witworks Consumer Technologies Private Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹3.22 Cr; the latest was in April 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Acquisition | Undisclosed | Buyer: Myntra Designs Private Limited |
| Dec 2015 | Funding round | ₹3.22 Cr | Investors: Tibcorp International, Kanwaljit Singh Family office, 2 individuals |
| Oct 2015 | Funding round | ₹10,000 | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Witworks Consumer Technologies 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 Witworks Consumer Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Witworks Consumer Technologies has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Witworks Consumer Technologies Private Limited, buy the company report.
Recent activity
Witworks Consumer Technologies Private Limited has 5 board changes on record since 2015: 5 appointments. The latest: Kanwaljit Singh was appointed as Nominee Director on 01 Dec 2015.
News
Frequently asked questions
Witworks Consumer Technologies has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Witworks Consumer Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in musical instrument, within the musical instruments industry. It was incorporated on 24 September 2015 and is registered under CIN U72200KA2015PTC083013. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Witworks Consumer Technologies was incorporated on 24 September 2015. It is registered with the Registrar of Companies, Bangalore.
Witworks Consumer Technologies had 5 directors:
- Manish Singhal - Nominee Director
- Chandrashekhar Shankar Iyer - Director
- Kanwaljit Singh - Nominee Director
- Somnath Meher - Director
- Devagi Pramodh Ankit - Director
The CIN (Corporate Identification Number) of Witworks Consumer Technologies is U72200KA2015PTC083013. 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 Witworks Consumer Technologies is at No. 76 Block – 4 B 7th A Koramangala, Bangalore, Karnataka, India – 560034.
The latest financial statements of Witworks Consumer Technologies 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 FY 2016 are in the company report.
No. Witworks Consumer Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
Witworks Consumer Technologies operated in the musical instruments industry, in the musical instrument segment.
Witworks Consumer Technologies has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹3.22 Cr; the latest was in April 2018.
The peers of Witworks Consumer Technologies by revenue are Meadow Industrial Services Private Limited, Haryana Linkages Pvt Ltd, Delite Coatings Private Limited, Danatrol Engineering India Private Limited, Mudra Orthotic Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).