Candid Labs Private Limited
About Candid Labs Private Limited
Data last updated:
Candid Labs Private Limited was a private limited company based in Chandigarh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electric power generation segment of the energy sector. It was incorporated on 02 December 2009.
The company was registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24233CH2009PTC031902. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Avenue Energy Ventures Private Limited and Kirat Transporters Private Limited. It was led by directors Satya Dev Samwal and Ankit Dhawan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at SCO – 815 Top Floor Cabin No. – 8 Shivalik Enclave Nac Manimajra, Chandigarh, India – 160101.
As per the financials filed for FY 2022, the company reported a revenue of ₹12,872, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹57,376 (net margin -445.7%) and EBITDA of -₹57,376 (EBITDA margin -445.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 4% over five years.
Company details
Name history
Candid Labs has undergone 2 name changes throughout its history. The company was previously known as Avenue Energy Ventures Private Limited, and Kirat Transporters Private Limited. The current legal name is Candid Labs Private Limited.
| Company Name | Status |
|---|---|
| Candid Labs Private Limited | Current |
| Avenue Energy Ventures Private Limited | Previous |
| Kirat Transporters Private Limited | Previous |
CIN history
Candid Labs has one previous CIN (Corporate Identification Number): U40300CH2009PTC031902. The current CIN is U24233CH2009PTC031902, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24233CH2009PTC031902 | Current |
| U40300CH2009PTC031902 | Previous |
Contact details
Candid Labs Private Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSCO – 815 Top Floor Cabin No. – 8 Shivalik Enclave Nac Manimajra, Chandigarh, India – 160101
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Candid Labs 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
Business activity
The main business activity of Candid Labs is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
Financials of Candid Labs Private Limited
FY 2022 filings availableCandid Labs Private Limited reported revenue of ₹12,872 (down 79% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 599% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹57,376 | ||||
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| Net Profit (PAT) | -₹57,376 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -445.7% | ||||
| Net Profit Margin | -445.7% | ||||
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To see the full financial statements and ratios of Candid Labs Private Limited, buy the company report.
Board of directors of Candid Labs Private Limited
Candid Labs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satya Dev Samwal Also directs: Panchkula Finvest Private Limited | Director | 02 Dec 2009 | 16 Years 10 Months | As last reported |
| Ankit Dhawan Also directs: Panchkula Finvest Private Limited | Director | 23 Jan 2019 | 7 Years 9 Months | As last reported |
Peer comparison
Candid Labs Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sun-Amp Solar India Private Limited | ₹13,071 (FY 2021) | -49.0% | Delhi, India | |||
| Rakhvi Infracon Private Limited | ₹13,000 (FY 2025) | New Delhi, Delhi, India | ||||
| Utryan Energy Puri Private Limited | ₹13,000 (FY 2025) | -100.0% | Noida, Uttar Pradesh, India | |||
| Ga Hydro Project Private Limited | ₹12,975 (FY 2023) | 27.0% | Almora, Uttarakhand, India | |||
| Rao Khet Singh Solar Power Private Limited | ₹12,901 (FY 2024) | Damoh, Madhya Pradesh, India | ||||
| Candid Labs Private Limitedthis company | ₹12,872 (FY 2022) | -₹57,376 | -445.7% | -79.0% | Chandigarh, India | |
| Rioways Private Limited | ₹12,799 (FY 2025) | -40.0% | Kalyan, Maharashtra, India | |||
| Sainj Hydro Power Private Limited | ₹12,710 (FY 2025) | -99.0% | Himachal Pradesh, India | |||
| Tirupur Renewable Energy Private Limited | ₹12,557 (FY 2019) | Chennai, Tamil Nadu, India | ||||
| Channapura Renewable Private Limited | ₹12,557 (FY 2019) | Chennai, Tamil Nadu, India | ||||
| Southern Clean Energy Private Limited | ₹12,435 (FY 2023) | 7.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Candid Labs Private Limited, buy the company report.
Auditor
Candid Labs Private Limited is audited by Jain Dipi & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Dipi & Associates | FY 2017 | 018843N |
Shareholding
The shareholding of Candid Labs Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Candid Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Candid Labs 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 Candid Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Candid Labs 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 Candid Labs Private Limited, buy the company report.
Recent activity
Candid Labs Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Ankit Dhawan ceased to be Additional Director on 30 Sep 2019.
Frequently asked questions
Candid Labs has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Candid Labs was a private limited company based in Chandigarh, India. The company worked in electric power generation, within the energy industry. It was incorporated on 02 December 2009 and is registered under CIN U24233CH2009PTC031902. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Candid Labs was incorporated on 02 December 2009. It is registered with the Registrar of Companies, Chandigarh.
Candid Labs had 2 directors:
- Satya Dev Samwal - Director
- Ankit Dhawan - Director
The CIN (Corporate Identification Number) of Candid Labs is U24233CH2009PTC031902. 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 Candid Labs is at SCO – 815 Top Floor Cabin No. – 8 Shivalik Enclave Nac Manimajra, Chandigarh, India – 160101.
The latest financial statements of Candid Labs on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Candid Labs has 2 GST registrations on record and all of them are cancelled or inactive.
Candid Labs operated in the energy industry, in the electric power generation segment.
The peers of Candid Labs by revenue are Sun-Amp Solar India Private Limited, Rakhvi Infracon Private Limited, Utryan Energy Puri Private Limited, Ga Hydro Project Private Limited, Rao Khet Singh Solar Power Private Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Ankit Dhawan ceased to be Additional Director on 30 Sep 2019. Jagdeep Sharma ceased to be Director on 25 Jun 2019. Ankit Dhawan was appointed as Director on 23 Jan 2019. Candid Labs has 4 board changes on record in total.