About Essentialproducts Labs Private Limited
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Essentialproducts Labs Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Cloudmagic Inc. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 17 January 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2017PTC099227. Its GSTIN is 29AAGCC8236K1Z7 (Karnataka).
The company had an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It was formerly known as Cloudmagic Labs Private Limited and Essential Products India Private Limited. It was led by directors Padmasri Madabhushi Varadhakumar and Narasimha Murthy Krishnappa.
Its last annual general meeting (AGM) was held on 17 June 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Second Floor 146/224D 18th Main 5th Phase J. P. Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.68 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹46.89 Lakh (net margin 4.8%) and EBITDA of ₹78.03 Lakh (EBITDA margin 8.1%).
The company had about 8 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: CloudMagic.
The last known website on record is cloudmagic.com.
Company details
Name history
Essentialproducts Labs has undergone 2 name changes throughout its history. The company was previously known as Cloudmagic Labs Private Limited, and Essential Products India Private Limited. The current legal name is Essentialproducts Labs Private Limited.
| Company Name | Status |
|---|---|
| Essentialproducts Labs Private Limited | Current |
| Cloudmagic Labs Private Limited | Previous |
| Essential Products India Private Limited | Previous |
Contact details
Essentialproducts Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is cloudmagic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSecond Floor 146/224D 18th Main 5th Phase J. P. Nagar, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Essentialproducts 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
Brands
Essentialproducts Labs operates one associated brand: CloudMagic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A web-based platform is offered for managing multiple email accounts. | cloudmagic.com |
Business activity
The main business activity of Essentialproducts 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 Essentialproducts Labs Private Limited, buy the company report.
Financials of Essentialproducts Labs Private Limited
FY 2020 filings availableEssentialproducts Labs Private Limited reported revenue of ₹9.68 Cr (up 3% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year. EBITDA fell 8% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹9.68 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹78.03 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹46.89 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 8.1% | |||
| Net Profit Margin | 4.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Essentialproducts Labs Private Limited, buy the company report.
Board of directors of Essentialproducts Labs Private Limited
Essentialproducts Labs has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmasri Madabhushi Varadhakumar | Director | 22 Feb 2020 | 6 Years 8 Months | As last reported |
| Narasimha Murthy Krishnappa | Director | 28 Feb 2020 | 6 Years 7 Months | As last reported |
Peer comparison
Essentialproducts Labs Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Giift Plus India Private Limited | ₹9.69 Cr (FY 2024) | 22.0% | Mumbai, Maharashtra, India | |||
| Access Infinity Apac Private Limited | ₹9.69 Cr (FY 2025) | 50.0% | Hyderabad, Telangana, India | |||
| Epitome Digitech India Private Limited | ₹9.69 Cr (FY 2023) | 31.0% | Mumbai, Maharashtra, India | |||
| Quantique Metadata Private Limited | ₹9.69 Cr (FY 2025) | 30.0% | Delhi, India | |||
| Trupp Global Technologies Private Limited | ₹9.68 Cr (FY 2024) | -12.0% | Bangalore, Karnataka, India | |||
| Essentialproducts Labs Private Limitedthis company | ₹9.68 Cr (FY 2020) | ₹46.89 Lakh | 4.8% | 3.0% | 8 | Bangalore, Karnataka, India |
| Revvster Technologies Private Limited | ₹9.68 Cr (FY 2025) | 152.0% | Bangalore, Karnataka, India | |||
| Teleapps India Private Limited | ₹9.68 Cr (FY 2024) | -21.0% | Chennai, Tamil Nadu, India | |||
| Qspear Consultancy Services Private Limited | ₹9.67 Cr (FY 2019) | -6.0% | Noida, Uttar Pradesh, India | |||
| Terawe Technologies Private Limited | ₹9.66 Cr (FY 2024) | 9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Essentialproducts Labs Private Limited, buy the company report.
Auditor
Essentialproducts Labs Private Limited is audited by H N S RAO & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H N S RAO & CO | FY 2020 | 003129S |
Shareholding
The shareholding of Essentialproducts Labs Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Essentialproducts Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Essentialproducts 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 Essentialproducts Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Essentialproducts Labs Private Limited has a workforce of 8 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Essentialproducts Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC8236K1Z7 | Karnataka | Active | 02 Mar 2018 |
To see the full GST registrations and return filing status of Essentialproducts Labs Private Limited, buy the company report.
Recent activity
Essentialproducts Labs Private Limited has 10 board changes on record since 2017: 2 appointments and 8 cessations. The latest: Narasimha Murthy Krishnappa ceased to be Additional Director on 17 Jun 2020.
1 earlier event is in the company report.
Frequently asked questions
Essentialproducts Labs has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Essentialproducts Labs was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 17 January 2017 and is registered under CIN U72200KA2017PTC099227. The company has been struck off by the Registrar of Companies and is no longer operational.
Essentialproducts Labs had 2 directors:
- Padmasri Madabhushi Varadhakumar - Director
- Narasimha Murthy Krishnappa - Director
The CIN (Corporate Identification Number) of Essentialproducts Labs is U72200KA2017PTC099227. 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 Essentialproducts Labs is at Second Floor 146224D 18th Main 5th Phase J. P. Nagar, Bangalore, Karnataka, India – 560078.
Essentialproducts Labs was incorporated on 17 January 2017. It is registered with the Registrar of Companies, Bangalore.
Essentialproducts Labs can be reached through the website cloudmagic.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Essentialproducts Labs on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 17 June 2020. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Essentialproducts Labs is 29AAGCC8236K1Z7, registered in Karnataka.
Essentialproducts Labs operated in the information technology industry, in the application development and software solutions segment. It worked in this industry before it was struck off.
The peers of Essentialproducts Labs by revenue are Giift Plus India Private Limited, Access Infinity Apac Private Limited, Epitome Digitech India Private Limited, Quantique Metadata Private Limited, Trupp Global Technologies Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).