MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0201530
Goodworklabs Services Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹27.81 Cr
▲ 16% YoY
Net profit · FY 2024
₹4.29 Cr
Net margin 15.4%
EBITDA · FY 2024
₹5.01 Cr
EBITDA margin 18%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.05 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
28
Provident fund records
About Goodworklabs Services Private Limited
Data last updated:
Goodworklabs Services Private Limited is a private limited company based in Bangalore, Karnataka, India. 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.
Goodworklabs Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0201530). 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.
Company details
CIN U72200KA2013PTC068107
Registration Number 068107
Incorporation Date 06 March 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0201530
Recognitions & Rankings of Goodworklabs Services
Contact details
Goodworklabs Services Private Limited's registered office is in Bangalore, Karnataka. Its website is goodworklabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Goodworklabs Services Private Limited, buy the company report.
Comprehensive company report
Goodworklabs Services 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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 |
Business activity
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 | 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 Goodworklabs Services Private Limited, buy the company report.
Financials of Goodworklabs Services Private Limited
FY 2024 filings availableGoodworklabs Services Private Limited reported revenue of ₹27.81 Cr (up 16% YoY) for FY 2024.
Revenue · FY 2024
₹27.81 Cr ▲ 16%
Net profit · FY 2024
₹4.29 Cr margin 15.4%
EBITDA · FY 2024
₹5.01 Cr margin 18%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 19%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 11%
5 years · compounded
▲ 17%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Goodworklabs Services Private Limited, buy the company report.
Board of directors of Goodworklabs Services Private Limited
Goodworklabs Services has 2 directors on record. No former directors are listed.
Current Directors
| 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 |
Peer comparison
Goodworklabs Services Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Beqisoft Technologies Private Limited | ₹28.16 Cr (FY 2025) | 16.0% | Bangalore, Karnataka, 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 | |||
| Goodworklabs Services Private Limitedthis company | ₹27.81 Cr (FY 2024) | ₹4.29 Cr | 15.4% | 16.0% | 28 | 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 | |||
| Vyshnavi Information Technologies (India)Private Limited | ₹27.61 Cr (FY 2024) | 10.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Goodworklabs Services Private Limited, buy the company report.
Auditor
Goodworklabs Services Private Limited is audited by LTA & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LTA & CO | FY 2024 | 024083S |
Shareholding
The shareholding of Goodworklabs Services 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 Goodworklabs Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.05 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Sep 2019 | 100291174 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 23 Mar 2017 | 100116663 | Hdfc Bank Limited | ₹45 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
Goodworklabs Services Private Limited has 2 court cases on record: 2 filed by Goodworklabs Services. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
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 Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Bzinga Technologies Private Limited | Disposed |
To see the full case history of Goodworklabs Services 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
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 |
To see the full MSME payment records of Goodworklabs Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Goodworklabs Services Private Limited has a workforce of 28 employees on its EPFO records as of Apr 09, 2025, across 1 active EPFO establishment.
Employee count
28
Active EPFO establishments
1
Employee growth
-61.64%
GST
Goodworklabs Services has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCG1161N1ZC | Karnataka | Active | 01 Jul 2017 |
| 19AAFCG1161N2ZC | West Bengal | Active | 14 Mar 2019 |
To see the full GST registrations and return filing status of Goodworklabs Services Private Limited, buy the company report.
Recent activity
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.
AGM
Goodworklabs Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Goodworklabs Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Lakh with Charge ID 100291174 was registered on 06 Sep 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 45.00 Lakh with Charge ID 100116663 was registered on 23 Mar 2017.
Appointed
Sonia Sharma was appointed as Director.
Appointed
Vishwas Guruppa Mudagal was appointed as Director.
Incorporation
06 Mar 2013
Goodworklabs Services Private Limited was registered on 06 Mar 2013 with Roc Bangalore & aged 13 years 7 months as per MCA records.
News
Frequently asked questions
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 has 2 current directors:
- Vishwas Guruppa Mudagal - Director
- Sonia Sharma - Director
The latest financial statements of Goodworklabs Services 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 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, Talisma Corporation Private Limited, Tasaa Software Services Private Limited, Microsemi Communications India Private Limited, Kritikal Solutions Private Limited and 2 more, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
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 registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0201530).
Goodworklabs Services has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Dec 2020.
Goodworklabs Services can be reached through the website goodworklabs.com. Its registered office is in Bangalore, Karnataka, India.