Candid Labs Private Limited
About Candid Labs Private Limited
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Candid Labs Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 07 January 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1994PTC014092.
The company has an authorised share capital of ₹3.51 Cr and a paid-up capital of ₹85.85 Lakh. It is led by directors Anup Agarwal and Pankaj Jaswal.
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 C/O Webson Hosiery Gali No. – 4 Guru Nanak Dev Nagar, Ludhiana, Punjab, India – 141007.
As per the financials filed for FY 2024, the company reported a revenue of ₹92,640, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹6.39 Lakh and EBITDA of -₹6.37 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 34% over five years.
Court records list 3 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Candid Labs Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Webson Hosiery Gali No. – 4 Guru Nanak Dev Nagar, Ludhiana, Punjab, India – 141007
- IndustryFinancial Services, Brokerage & Trading Services
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 financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
Financials of Candid Labs Private Limited
FY 2025 filings availableCandid Labs Private Limited reported revenue of ₹92,640 (down 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 70% fall in the latest year. EBITDA fell 270% 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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| EBITDA | -₹6.37 Lakh | ||||
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| Net Profit (PAT) | -₹6.39 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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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 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Agarwal | Director | 21 Sep 2013 | 13 Years 1 Months | Current |
| Pankaj Jaswal | Director | 30 Apr 2022 | 4 Years 5 Months | Current |
Auditor
Candid Labs Private Limited is audited by HARJEET PARVESH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARJEET PARVESH & CO | FY 2021 | 017437N |
Shareholding
The shareholding of Candid Labs Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| 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
Candid Labs Private Limited has 3 court cases on record: 3 filed by Candid Labs, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Writ petition | Filed against the company by Candid Labs Pvt Ltd and 1 other | Disposed |
| High Court, HARYANA | Writ petition | Filed by the company against Candid Labs Pvt Ltd and 5 others | Disposed |
| NCLT, Chandigarh | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Chandigarh | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Candid Labs 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 Candid Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Candid Labs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Candid Labs Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Pankaj Jaswal ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Candid Labs is an active private limited company based in Ludhiana, Punjab, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 07 January 1994 (32+ years old) and is registered under CIN U65921PB1994PTC014092.
Candid Labs has 2 current directors:
- Anup Agarwal - Director
- Pankaj Jaswal - Director
The latest financial statements of Candid Labs 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Candid Labs is U65921PB1994PTC014092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candid Labs has 3 court cases on record: 3 filed by the company and 1 filed against it. Most are in the nclt.
Candid Labs was incorporated on 07 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
Pankaj Jaswal ceased to be Additional Director on 30 Sep 2022. Deepak Dutt ceased to be Director on 30 Apr 2022. Kuldeep Sharma ceased to be Director on 30 Apr 2022. Candid Labs has 7 board changes on record in total.
The registered office of Candid Labs is at CO Webson Hosiery Gali No. – 4 Guru Nanak Dev Nagar, Ludhiana, Punjab, India – 141007.
Candid Labs operates in the financial services industry, in the brokerage and trading services segment.
The compliance status of Candid Labs is compliant as of 30 September 2026. The company is actively filing with the Registrar of Companies.