MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-29-0080454
Algobitz Private Limited - information technology in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.69 Cr
▼ 56% YoY
Net profit · FY 2024
₹1.97 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹12.59 Lakh
EBITDA margin 4.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
10
Provident fund records
Directors on board
2
As per MCA filings
About Algobitz Private Limited
Data last updated:
Algobitz 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 16 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2017PTC314516. Its GSTIN is 07AAECI4256R1ZZ (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Shangari Capital Global Private Limited and Shangari Capital & Finance Private Limited. It is led by directors Ranjit Kumar and Smriti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 108 H – Block Ashok Vihar Phase – 1, Delhi, India – 110052.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.69 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.97 Lakh (net margin 0.7%) and EBITDA of ₹12.59 Lakh (EBITDA margin 4.7%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years and 19% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shangari Global and LALA World. Court records list 3 cases involving the company, including 3 filed against it.
Algobitz Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-29-0080454). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shangariglobal.com.
Company details
CIN U72900DL2017PTC314516
Registration Number 314516
Incorporation Date 16 March 2017
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-UP-29-0080454
Name history
Algobitz has undergone 7 name changes throughout its history. The current legal name is Algobitz Private Limited.
| Company Name | Status |
|---|---|
| Algobitz Private Limited | Current |
| Shangari Capital Global Private Limited | Previous |
| Shangari Capital & Finance Private Limited | Previous |
| Shangari Capital And Associates Private Limited | Previous |
| Shangari Capital India Private Limited | Previous |
| Shangari Global Private Limited | Previous |
| Identisuite Private Limited | Previous |
Key People
Ranjit Kumar Director Smriti Director Recognitions & Rankings of Algobitz
Contact details
Algobitz Private Limited's registered office is in Delhi, Delhi. Its website is shangariglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address108 H – Block Ashok Vihar Phase – 1, Delhi, India – 110052
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Algobitz Private Limited, buy the company report.
Comprehensive company report
Algobitz 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
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Brands
Algobitz operates two associated brands: Shangari Global and LALA World. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in application development for custom software solutions. | shangariglobal.com | |
| Financial ecosystem is offered to underbanked and migrant populations. | lalaworld.io |
Business activity
The main business activity of Algobitz is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Algobitz Private Limited, buy the company report.
Financials of Algobitz Private Limited
FY 2025 filings availableAlgobitz Private Limited reported revenue of ₹2.69 Cr (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹2.69 Cr ▼ 56%
Net profit · FY 2024
₹1.97 Lakh margin 0.7%
EBITDA · FY 2024
₹12.59 Lakh margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▲ 65%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 22%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 56% fall in the latest year. EBITDA fell 30% 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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| Total Expenses | |||||
| EBITDA | ₹12.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.97 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Algobitz Private Limited, buy the company report.
Board of directors of Algobitz Private Limited
Algobitz has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjit Kumar | Director | 22 Jun 2017 | 9 Years 4 Months | Current |
| Smriti | Director | 20 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Algobitz Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Renalyx Health Systems Private Limited | ₹2.7 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Opsycon Services Private Limited | ₹2.7 Cr (FY 2023) | 17.0% | Kannur, Kerala, India | |||
| Robotechmech Solutions Private Limited | ₹2.7 Cr (FY 2025) | 429.0% | Mumbai, Maharashtra, India | |||
| Algobitz Private Limitedthis company | ₹2.69 Cr (FY 2024) | ₹1.97 Lakh | 0.7% | -56.0% | 10 | Delhi, India |
| Galaxy Autocare Private Limited | ₹2.69 Cr (FY 2024) | -8.0% | Nashik, Maharashtra, India | |||
| Infinichains Lab Private Limited | ₹2.69 Cr (FY 2024) | 12.0% | Pune, Maharashtra, India | |||
| Ac Digital Private Limited | ₹2.69 Cr (FY 2024) | -47.0% | Ulhasnagar, Maharashtra, India |
To see the full peer comparison of Algobitz Private Limited, buy the company report.
Auditor
Algobitz Private Limited is audited by M Agarwal & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M Agarwal & Associates | FY 2022 | 013215S |
Shareholding
The shareholding of Algobitz Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Algobitz Private Limited, buy the company report.
Legal cases
Algobitz Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State Government | Disposed |
To see the full case history of Algobitz Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Algobitz Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Algobitz Private Limited has a workforce of 10 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-47.37%
GST
Algobitz has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECI4256R1ZZ | Delhi | Active | 01 Oct 2017 |
| 09AAECI4256R1ZV | Uttar Pradesh | Active | 30 Dec 2019 |
To see the full GST registrations and return filing status of Algobitz Private Limited, buy the company report.
Recent activity
Algobitz Private Limited has 8 board changes on record since 2017: 5 appointments and 3 cessations. The latest: Kanav Bhan ceased to be Director on 21 Dec 2019.
AGM
Algobitz Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Algobitz Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Kanav Bhan ceased to be Director.
Appointed
Smriti was appointed as Director.
Ceased
Sankalp Shangari ceased to be Director.
Appointed
Kanav Bhan was appointed as Director.
Ceased
Mayank Aggarwal ceased to be Director.
Appointed
Ranjit Kumar was appointed as Director.
Appointed
Mayank Aggarwal was appointed as Director.
Appointed
Sankalp Shangari was appointed as Director.
Incorporation
16 Mar 2017
Algobitz Private Limited was registered on 16 Mar 2017 with Roc Delhi & aged 9 years 7 months as per MCA records.
Frequently asked questions
Algobitz 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 16 March 2017 (9+ years old) and is registered under CIN U72900DL2017PTC314516.
Algobitz has 2 current directors:
- Ranjit Kumar - Director
- Smriti - Director
The latest financial statements of Algobitz on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Algobitz is 07AAECI4256R1ZZ, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAECI4256R1ZV (Uttar Pradesh).
The CIN (Corporate Identification Number) of Algobitz is U72900DL2017PTC314516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Algobitz has 3 court cases on record: 3 filed against it.
Algobitz was incorporated on 16 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Algobitz by revenue are Renalyx Health Systems Private Limited, Opsycon Services Private Limited, Robotechmech Solutions Private Limited, Galaxy Autocare Private Limited, Infinichains Lab Private Limited and 1 more, all in the same principal business activity (other professional, scientific and technical activities).
Kanav Bhan ceased to be Director on 21 Dec 2019. Smriti was appointed as Director on 20 Dec 2019. Sankalp Shangari ceased to be Director on 25 Jun 2018. Algobitz has 8 board changes on record in total.
Yes, Algobitz is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-29-0080454).
Algobitz can be reached through the website shangariglobal.com. Its registered office is in Delhi, India.