Startup India Government of India
Dxminds Innovation Labs Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.55 Cr
▼ 10% YoY
Net loss · FY 2024
₹36.86 Lakh
Net margin -23.8%
EBITDA · FY 2024
-₹10.03 Lakh
EBITDA margin -6.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
GST registrations
1
None active
About Dxminds Innovation Labs Private Limited
Data last updated:
Dxminds Innovation Labs Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2018PTC115794. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Priyadarsini Swain and Bhabani Sankar Jena.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1st Floor No.61 7th Main 12th Cross B.T.M Layout 2nd Stage, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.55 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹36.86 Lakh (net margin -23.8%) and EBITDA of -₹10.03 Lakh (EBITDA margin -6.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 79% over five years.
The company is associated with 2 brands: DxBasket and DxMinds. Court records list 9 cases involving the company, including 9 filed against it; 4 cases are pending.
Dxminds Innovation Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0130844). For more details, the company can be reached via its website dxminds.com.
Company details
CIN U72200KA2018PTC115794
Registration Number 115794
Incorporation Date 29 August 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0130844
Recognitions & Rankings of Dxminds Innovation Labs
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0130844
Contact details
Dxminds Innovation Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is dxminds.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor No.61 7th Main 12th Cross B.T.M Layout 2nd Stage, Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Dxminds Innovation Labs Private Limited, buy the company report.
Comprehensive company report
Dxminds Innovation Labs 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
Dxminds Innovation Labs operates two associated brands: DxBasket and DxMinds. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers end-to-end solutions to support offline businesses comprehensively. | dxbasket.com | |
| Application development services are provided by DxMinds from Bengaluru. | dxminds.com |
Business activity
The main business activity of Dxminds Innovation Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Dxminds Innovation Labs Private Limited, buy the company report.
Financials of Dxminds Innovation Labs Private Limited
FY 2024 filings availableDxminds Innovation Labs Private Limited reported revenue of ₹1.55 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹1.55 Cr ▼ 10%
Net loss · FY 2024
₹36.86 Lakh margin -23.8%
EBITDA · FY 2024
-₹10.03 Lakh margin -6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 9%
5 years · compounded
▲ 79%
EBITDA CAGR growth
1 year
▲ 40%
3 years · compounded
▼ 59%
5 years · compounded
▼ 109%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 79%. EBITDA rose 40% 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 | -₹10.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.86 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 | -6.5% | ||||
| Net Profit Margin | -23.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Dxminds Innovation Labs Private Limited, buy the company report.
Board of directors of Dxminds Innovation Labs Private Limited
Dxminds Innovation Labs has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyadarsini Swain Also directs: 99Social Audio Labs Private Limited | Director | 29 Aug 2018 | 8 Years 2 Months | Current |
| Bhabani Sankar Jena Also directs: 99Social Audio Labs Private Limited | Director | 29 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Dxminds Innovation Labs Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Topmindz Pros India Private Limited | ₹1.55 Cr (FY 2025) | -32.0% | Hyderabad, Telangana, India | |||
| Swipe Saas Solutions Private Limited | ₹1.55 Cr (FY 2024) | 62.0% | Chennai, Tamil Nadu, India | |||
| Connexa IT Solutions Private Limited | ₹1.55 Cr (FY 2024) | -38.0% | Bangalore, Karnataka, India | |||
| Deeproot Linux Private Limited | ₹1.55 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| Codt Technologies Private Limited | ₹1.55 Cr (FY 2025) | 78.0% | Gurgaon, Haryana, India | |||
| Dxminds Innovation Labs Private Limitedthis company | ₹1.55 Cr (FY 2024) | -₹36.86 Lakh | -23.8% | -10.0% | Bangalore, Karnataka, India | |
| HRS Hospitality Software Private Limited | ₹1.55 Cr (FY 2024) | -24.0% | New Delhi, Delhi, India | |||
| Codmi Technologies Private Limited | ₹1.55 Cr (FY 2024) | 0.0% | Pinjore, Haryana, India | |||
| Innolytic Solutions Private Limited | ₹1.55 Cr (FY 2025) | 51.0% | Pune, Maharashtra, India |
To see the full peer comparison of Dxminds Innovation Labs Private Limited, buy the company report.
Auditor
Dxminds Innovation Labs Private Limited is audited by MANOJ KUMAR D & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANOJ KUMAR D & ASSOCIATES | FY 2023 | 229538 |
Shareholding
The shareholding of Dxminds Innovation Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dxminds Innovation Labs Private Limited, buy the company report.
Legal cases
Dxminds Innovation Labs Private Limited has 9 court cases on record: 9 filed against it. 4 cases are pending and 5 are disposed.
Total cases
9
Filed against the company
9
Pending
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
| High courts | 4 | 4 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ugro Capital Limited | Pending |
| High Court, UTTARPRADESH | Arbitration matter | Filed against the company by Ienergy Innovations Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by M/S Clix Capital Services Pvt Ltd | Disposed |
| High Court, UTTARPRADESH | Court case (ARCO) | Filed against the company by M/S Ienergy Innovations Private Limited | Disposed |
To see the full case history of Dxminds Innovation 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 Dxminds Innovation Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dxminds Innovation Labs Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Dxminds Innovation Labs has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Dxminds Innovation Labs Private Limited, buy the company report.
Recent activity
Dxminds Innovation Labs Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Bhabani Sankar Jena was appointed as Director on 29 Aug 2018.
AGM
Dxminds Innovation Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Dxminds Innovation Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Bhabani Sankar Jena was appointed as Director.
Appointed
Priyadarsini Swain was appointed as Director.
Incorporation
29 Aug 2018
Dxminds Innovation Labs Private Limited was registered on 29 Aug 2018 with Roc Bangalore & aged 8 years 2 months as per MCA records.
Frequently asked questions
Dxminds Innovation Labs is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 August 2018 (8+ years old) and is registered under CIN U72200KA2018PTC115794.
Dxminds Innovation Labs has 2 current directors:
- Priyadarsini Swain - Director
- Bhabani Sankar Jena - Director
The latest financial statements of Dxminds Innovation Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
No. Dxminds Innovation Labs has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Dxminds Innovation Labs is U72200KA2018PTC115794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dxminds Innovation Labs has 9 court cases on record: 9 filed against it. 4 are pending. Most are in the district courts.
Dxminds Innovation Labs was incorporated on 29 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Dxminds Innovation Labs by revenue are Topmindz Pros India Private Limited, Swipe Saas Solutions Private Limited, Connexa IT Solutions Private Limited, Deeproot Linux Private Limited, Codt Technologies Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Bhabani Sankar Jena was appointed as Director on 29 Aug 2018. Priyadarsini Swain was appointed as Director on 29 Aug 2018.
Yes, Dxminds Innovation Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Dxminds Innovation Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0130844).
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