About Finesse Itlabs Private Limited
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Finesse Itlabs Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Finesse Fz Llc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013FTC068190. Its GSTIN is 29AACCF1675K1ZB (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including George Thomas (Whole-Time Director) and Raju Ramesh.
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 No 1778 3rd Floor 19th Main 13th Cross Road Hsr Layout Sector 1, Bengaluru, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.45 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹40.81 Lakh (net margin 2.5%) and EBITDA of ₹70.07 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 29% over five years.
The company has about 66 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32.4 Lakh on record. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.42 Cr; the latest was in February 2022. Its 4 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 3 larger and 1 smaller; the largest is Symbion Technology Private Limited with revenue of ₹16.57 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website finessedirect.com.
Company details
Contact details
Finesse Itlabs Private Limited's registered office is in Bengaluru, Karnataka. Its website is finessedirect.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 1778 3rd Floor 19th Main 13th Cross Road Hsr Layout Sector 1, Bengaluru, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Finesse Itlabs 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 Finesse Itlabs 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 Finesse Itlabs Private Limited, buy the company report.
Financials of Finesse Itlabs Private Limited
FY 2024 filings availableFinesse Itlabs Private Limited reported revenue of ₹16.45 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 19% growth in the latest year. EBITDA rose 9% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹70.07 Lakh | ||||
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| Net Profit (PAT) | ₹40.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 2.5% | ||||
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To see the full financial statements and ratios of Finesse Itlabs Private Limited, buy the company report.
Board of directors of Finesse Itlabs Private Limited
Finesse Itlabs has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raju Ramesh | Director | 19 Mar 2013 | 13 Years 7 Months | Current |
| George Thomas Also directs: Axiomatica Private Limited | Whole-Time Director | 02 Jun 2020 | 6 Years 5 Months | Current |
| Sunil Paul | Director | 18 Mar 2013 | 13 Years 7 Months | Current |
Peer comparison
Finesse Itlabs Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with 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 |
|---|---|---|---|---|---|---|
| Symbion Technology Private Limited | ₹16.57 Cr (FY 2022) | 259.0% | Chennai, Tamil Nadu, India | |||
| Sparity Soft Technologies Private Limited | ₹16.54 Cr (FY 2025) | 17.0% | Hyderabad, Telangana, India | |||
| Keypoint Technologies (India) Private Limited | ₹16.53 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Finesse Itlabs Private Limitedthis company | ₹16.45 Cr (FY 2025) | ₹40.81 Lakh | 2.5% | 19.0% | 66 | Bengaluru, Karnataka, India |
| Knowledge Capital Services Private Limited | ₹16.43 Cr (FY 2024) | 1423.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Finesse Itlabs Private Limited, buy the company report.
Auditor
Finesse Itlabs Private Limited is audited by SKAB & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SKAB & Associates | FY 2023 | 215371 |
Shareholding
The shareholding of Finesse Itlabs 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Finesse Itlabs Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Feb 2024 | 100927280 | Hdfc Bank Limited | ₹32.4 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Finesse Itlabs Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.42 Cr; the latest was in February 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹73 Lakh | Investors: Finesse FZ LLC |
| Feb 2014 | Funding round | ₹68.9 Lakh | Investors: Finesse FZ LLC, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Finesse Itlabs 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 Finesse Itlabs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Finesse Itlabs Private Limited has a workforce of 66 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Finesse Itlabs has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF1675K1ZB | Karnataka | Active | 01 Jul 2017 |
| 27AACCF1675K1ZF | Maharashtra | Active | 13 Sep 2019 |
To see the full GST registrations and return filing status of Finesse Itlabs Private Limited, buy the company report.
Recent activity
Finesse Itlabs Private Limited has 5 board changes on record since 2013: 4 appointments and 1 cessation. The latest: Sudheerkumar Raju Konduru ceased to be Director on 01 Aug 2020.
News
Frequently asked questions
Finesse Itlabs is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 March 2013 (13+ years old) and is registered under CIN U72200KA2013FTC068190.
Finesse Itlabs has 3 current directors:
- George Thomas - Whole-Time Director
- Raju Ramesh - Director
- Sunil Paul - Director
The latest financial statements of Finesse Itlabs 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 2015 are in the company report.
The GSTIN of Finesse Itlabs is 29AACCF1675K1ZB, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AACCF1675K1ZF (Maharashtra).
The CIN (Corporate Identification Number) of Finesse Itlabs is U72200KA2013FTC068190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finesse Itlabs was incorporated on 18 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Finesse Itlabs has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.42 Cr; the latest was in February 2022.
The peers of Finesse Itlabs by revenue are Symbion Technology Private Limited, Sparity Soft Technologies Private Limited, Keypoint Technologies (India) Private Limited, Knowledge Capital Services Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Sudheerkumar Raju Konduru ceased to be Director on 01 Aug 2020. George Thomas was appointed as Whole-Time Director on 02 Jun 2020. Raju Ramesh was appointed as Director on 19 Mar 2013. Finesse Itlabs has 5 board changes on record in total.
Finesse Itlabs can be reached through the website finessedirect.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Finesse Itlabs is at No 1778 3rd Floor 19th Main 13th Cross Road Hsr Layout Sector 1, Bengaluru, Karnataka, India – 560102.
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