About Goodworklabs Services Private Limited
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Goodworklabs Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 06 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC068107. Its GSTIN is 29AAFCG1161N1ZC (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vishwas Guruppa Mudagal and Sonia Sharma.
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 Akshay Tech Park 4th Floor Plot No 72&73 Epip Zone Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2024, the company reported a revenue of ₹27.81 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹4.29 Cr (net margin 15.4%) and EBITDA of ₹5.01 Cr (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GoodWorkLabs. As per MCA filings, the company has open charges of ₹1.05 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goodworklabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAkshay Tech Park 4th Floor Plot No 72&73 Epip Zone Whitefield, Bangalore, Karnataka, India – 560066
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Goodworklabs Services Private Limited
The main business activity of Goodworklabs Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Goodworklabs Services Private Limited FY 2024 filings available
Goodworklabs Services Private Limited reported revenue of ₹27.81 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Goodworklabs Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 16% growth in the latest year. EBITDA rose 8% 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 of Goodworklabs Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹27.81 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.29 Cr | •••• | •••• | •••• | •••• |
| 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 of Goodworklabs Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 15.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Goodworklabs Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Goodworklabs Services Private Limited
Goodworklabs Services Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Beqisoft Technologies Private Limited | ₹28.16 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Metadesign Solutions Private Limited | ₹28 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Gurgaon, Haryana, India |
| Talisma Corporation Private Limited | ₹27.92 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Tasaa Software Services Private Limited | ₹27.9 Cr (FY 2018) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Es Networks Devco Private Limited | ₹27.89 Cr (FY 2025) | •••• | •••• | 76513.0% | •••• | Chennai City Corporation, Tamil Nadu, India |
| Goodworklabs Services Private Limited this company | ₹27.81 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Microsemi Communications India Private Limited | ₹27.8 Cr (FY 2019) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
| Kritikal Solutions Private Limited | ₹27.78 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Delhi, India |
| Tecknodreams Software Consulting Private Limited | ₹27.75 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Bengaluru, Karnataka, India |
| Vtiger Systems (India) Private Limited | ₹27.66 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bengaluru, Karnataka, India |
| Vyshnavi Information Technologies (India)Private Limited | ₹27.61 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Goodworklabs Services by revenue in the Information Technology industry (Application Development), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Goodworklabs Services Private Limited
Goodworklabs Services Private Limited is audited by LTA & CO for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| LTA & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Goodworklabs Services Private Limited
Goodworklabs Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwas Guruppa Mudagal Also directs: Goodworks Technologies LLP, Goodworks Infra Private Limited, Goodworks Spaces Private Limited and 1 more | Director | 06 Mar 2013 | 13 Years 7 Months | Current |
| Sonia Sharma Also directs: Goodworks Technologies LLP, Aumniscient Education Private Limited | Director | 06 Mar 2013 | 13 Years 7 Months | Current |
Ownership and Shareholding of Goodworklabs Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Goodworklabs Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2019 | Hdfc Bank Limited | ₹60 Lakh | Open |
| 23 Mar 2017 | Hdfc Bank Limited | ₹45 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Goodworklabs Services Private Limited
Goodworklabs Services Private Limited has 2 court cases on record: 2 filed by Goodworklabs Services. 1 case is pending and 1 is disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Idos India Private Limited | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Bzinga Technologies Private Limited | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Goodworklabs Services Private Limited
Goodworklabs Services Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Connect One Corporate Services Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Goodworklabs Services Private Limited
Goodworklabs Services operates one associated brand: GoodWorkLabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in software and mobile app development services. | goodworklabs.com |
Employees and EPFO Compliance at Goodworklabs Services Private Limited
Goodworklabs Services Private Limited has a workforce of 28 employees as of Apr 09, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Goodworklabs Services Private Limited
Recent Activity on Goodworklabs Services Private Limited
Goodworklabs Services Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Sonia Sharma was appointed as Director on 06 Mar 2013.
Credit Ratings, Litigation & Regulatory Alerts for Goodworklabs Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Goodworklabs Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Goodworklabs Services Private Limited
Goodworklabs Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCG1161N1ZC | Karnataka | Active | 01 Jul 2017 |
| 19AAFCG1161N2ZC | West Bengal | Active | 14 Mar 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Goodworklabs Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Goodworklabs Services Private Limited
Goodworklabs Services is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 06 March 2013 (13+ years old) and is registered under CIN U72200KA2013PTC068107.
Goodworklabs Services reported revenue of ₹27.81 Cr for FY 2024 (up 16% YoY).
Goodworklabs Services has 2 current directors:
- Vishwas Guruppa Mudagal - Director
- Sonia Sharma - Director
Goodworklabs Services reported a net profit of ₹4.29 Cr (net margin 15.4%) and EBITDA of ₹5.01 Cr (EBITDA margin 18%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Goodworklabs Services is 19% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Goodworklabs Services is 29AAFCG1161N1ZC, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AAFCG1161N2ZC (West Bengal).
The CIN (Corporate Identification Number) of Goodworklabs Services is U72200KA2013PTC068107. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goodworklabs Services has 2 court cases on record: 2 filed by the company. 1 is pending.
Goodworklabs Services was incorporated on 06 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Goodworklabs Services by revenue are Beqisoft Technologies Private Limited, Metadesign Solutions Private Limited, Talisma Corporation Private Limited, Tasaa Software Services Private Limited, Es Networks Devco Private Limited and 5 more, all in the Information Technology industry (Application Development).
Sonia Sharma was appointed as Director on 06 Mar 2013. Vishwas Guruppa Mudagal was appointed as Director on 06 Mar 2013.
Yes, Goodworklabs Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).