About Bitcipher Labs LLP
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Bitcipher Labs LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 20 February 2018 and has been in existence for over 8 years.
The LLP is registered with the Registrar of Companies (ROC), Chennai, under LLPIN AAM-0533. Its GSTIN is 29AATFB1517A1ZO (Karnataka).
The LLP has a total obligation of contribution of ₹949.1 Cr. It is led by designated partners Sahil Sanjay Tewari and Sanjit Chakrabortty.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Innov8 Millenia 2nd Floor East Wing Rmz Millenia Business Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the LLP reported a revenue of ₹136.67 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹41.58 Cr (net margin -30.4%) and EBITDA of -₹39.9 Cr (EBITDA margin -29.2%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 57% over five years.
The LLP has about 2 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: CoinSwitch. Court records list 7 cases involving the LLP, including 6 filed by the LLP and 1 filed against it; 3 cases are pending. The LLP has 2 deals on record (2 funding rounds), with disclosed funding of ₹2,127.25 Cr; the latest was in October 2021. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Lok Suvidha Finance Limited with revenue of ₹97.37 Cr.
For more details, the LLP can be reached via its website coinswitch.co.
Company details
Contact details
Bitcipher Labs LLP's registered office is in Saidapet, Tamil Nadu. Its website is coinswitch.co. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressInnov8 Millenia 2nd Floor East Wing Rmz Millenia Business Park Campus 1A 2nd Floor Cabin No 8 No.143, D.R.M.G.R. Road North Veeranam Salai Perungudi Sholinganallur, Chennai, Tamil Nadu, India – 600096
- IndustryInternet, Online Financial Services
To see the full contact details of Bitcipher Labs LLP, 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
Bitcipher Labs operates one associated brand: CoinSwitch. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cryptocurrency trading and exchange services are facilitated for users. | coinswitch.co |
Financials of Bitcipher Labs LLP
FY 2025 filings availableBitcipher Labs LLP reported revenue of ₹136.67 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 14% growth 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
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| Profit After Tax | -₹41.58 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Net Profit Margin | -30.4% | ||||
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To see the full financial statements and ratios of Bitcipher Labs LLP, buy the company report.
Designated partners of Bitcipher Labs LLP
Bitcipher Labs has 2 current designated partners and 5 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sahil Sanjay Tewari | Designated Partner | 13 Oct 2023 | 3 Years 0 Months | Current |
| Sanjit Chakrabortty Also directs: Nextgendev Solutions Private Limited | Designated Partner | 23 Jun 2026 | 0 Years 4 Months | Current |
Peer comparison
Bitcipher Labs LLP is compared with the 10 companies closest to it by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bitcipher Labs LLPthis company | ₹136.67 Cr (FY 2025) | -₹41.58 Cr | -30.4% | 14.0% | 2 | Bangalore, Karnataka, India |
| Lok Suvidha Finance Limited | ₹97.37 Cr (FY 2025) | 42.0% | Nagpur, Maharashtra, India | |||
| Shapoorji Pallonji Finance Private Limited | ₹96.83 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India | |||
| Clari Software Private Limited | ₹95.6 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Namra Finance Limited | ₹95.29 Cr (FY 2019) | 81.0% | Ahmedabad, Gujarat, India | |||
| Uniorbit Technologies Private Limited | ₹95.23 Cr (FY 2025) | -5.0% | Bangalore, Karnataka, India | |||
| Chotti Leasing and Finance Private Limited | ₹94.3 Cr (FY 2025) | 81806.0% | New Delhi, Delhi, India | |||
| Best Finance Corporation Limited | ₹94.16 Cr (FY 2025) | 56.0% | Tirupur, Tamil Nadu, India | |||
| Navi Fintech Private Limited | ₹94.03 Cr (FY 2025) | 723177.0% | Bangalore, Karnataka, India | |||
| Svatantra Micro Housing Finance Corporation Limited | ₹92.3 Cr (FY 2021) | 21.0% | Mumbai, Maharashtra, India | |||
| Credright Private Limited | ₹91.98 Cr (FY 2025) | 140.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Bitcipher Labs LLP, buy the company report.
Deals & funding
Bitcipher Labs LLP has 2 deals on record (2 funding rounds), with disclosed funding of ₹2,127.25 Cr; the latest was in October 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Funding round · Series C | ₹1,939.6 Cr | Investors: Peak XV Partners (Sequoia India and SEA), Ribbit Capital, Coinbase Ventures, an individual |
| Apr 2021 | Funding round · Series B | ₹187.65 Cr | Investors: Tiger Global |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bitcipher Labs LLP has 7 court cases on record: 6 filed by Bitcipher Labs, 1 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed against the company by Zanmai Labs Private Limited Azb and Partners | Disposed |
| Bombay High Court | Court case (CPCD) | Filed by the company against Zanmai Labs Private Limited | Disposed |
| High Court | Court case (CARBP) | Filed by the company against Zanmai Labs Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Union of India and 2 others | Pending |
To see the full case history of Bitcipher Labs LLP, 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 Bitcipher Labs LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Bitcipher Labs LLP has a workforce of 2 employees on its EPFO records as of Nov 01, 2025, across 1 active EPFO establishment.
GST
Bitcipher Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AATFB1517A1ZO | Karnataka | Active | 20 Apr 2018 |
To see the full GST registrations and return filing status of Bitcipher Labs LLP, buy the company report.
Recent activity
Bitcipher Labs LLP has 8 designated partner changes on record since 2018: 3 appointments and 5 cessations. The latest: Sanjit Chakrabortty was appointed as Designated Partner on 23 Jun 2026.
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Frequently asked questions
Bitcipher Labs is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in online financial services, within the internet industry. It was incorporated on 20 February 2018 (8+ years old) and is registered under LLPIN AAM-0533.
Bitcipher Labs has 2 current designated partners:
- Sahil Sanjay Tewari - Designated Partner
- Sanjit Chakrabortty - Designated Partner
The latest financial statements of Bitcipher Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2026. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Bitcipher Labs is 29AATFB1517A1ZO, registered in Karnataka.
The LLPIN (Limited Liability Partnership Identification Number) of Bitcipher Labs is AAM-0533. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Bitcipher Labs has 7 court cases on record: 6 filed by the LLP and 1 filed against it. 3 are pending.
Bitcipher Labs was incorporated on 20 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Bitcipher Labs has 2 deals on record (2 funding rounds), with disclosed funding of ₹2,127.25 Cr; the latest was in October 2021.
The peers of Bitcipher Labs by revenue are Lok Suvidha Finance Limited, Shapoorji Pallonji Finance Private Limited, Clari Software Private Limited, Namra Finance Limited, Uniorbit Technologies Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Sanjit Chakrabortty was appointed as Designated Partner on 23 Jun 2026. Abhishek Singh ceased to be Designated Partner on 12 Nov 2024. Sahil Sanjay Tewari was appointed as Designated Partner on 13 Oct 2023. Bitcipher Labs has 8 designated partner changes on record in total.
Bitcipher Labs can be reached through the website coinswitch.co. Its registered office is in Bangalore, Karnataka, India.
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