About Instawork Services India Private Limited
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Instawork Services India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Garuda Labs Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC103413. Its GSTIN is 29AAECI5160J1ZC (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Vaibhav Pandey and Sumir A Meghani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Obeya Treepark, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.08 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹3.29 Cr (net margin 11.3%) and EBITDA of ₹4.74 Cr (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 36% over five years.
The company has about 120 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Instawork. The company has 1 deal on record (1 rights issue); the latest was in July 2017. Its 5 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, 1 larger and 4 smaller; the largest is Orosoft Solutions Private Limited with revenue of ₹29.17 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 instawork.com.
Company details
Contact details
Instawork Services India Private Limited's registered office is in Bangalore, Karnataka. Its website is instawork.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressObeya Treepark Kabra Excelsior 6/A, 3rd Floor Rear Wing 80 Feet Road, Bangalore, Karnataka, India – 560034
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Instawork Services India 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
Instawork Services India operates one associated brand: Instawork. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based on-demand staffing platform for multi-industry | instawork.com |
Business activity
The main business activity of Instawork Services India 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 Instawork Services India Private Limited, buy the company report.
Financials of Instawork Services India Private Limited
FY 2025 filings availableInstawork Services India Private Limited reported revenue of ₹29.08 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA fell 10% 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 | ₹4.74 Cr | ||||
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| Net Profit (PAT) | ₹3.29 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 16.3% | ||||
| Net Profit Margin | 11.3% | ||||
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To see the full financial statements and ratios of Instawork Services India Private Limited, buy the company report.
Board of directors of Instawork Services India Private Limited
Instawork Services India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Pandey | Director | 29 Jun 2023 | 3 Years 4 Months | Current |
| Sumir A Meghani | Director | 10 Aug 2017 | 9 Years 2 Months | Current |
| Reshav Singla | Director | 02 Sep 2020 | 6 Years 2 Months | Current |
Peer comparison
Instawork Services India Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Orosoft Solutions Private Limited | ₹29.17 Cr (FY 2024) | 53.0% | Mumbai, Maharashtra, India | |||
| Instawork Services India Private Limitedthis company | ₹29.08 Cr (FY 2025) | ₹3.29 Cr | 11.3% | -8.0% | 120 | Bangalore, Karnataka, India |
| Digite Infotech Private Limited | ₹29.07 Cr (FY 2025) | -21.0% | Pune, Maharashtra, India | |||
| Sela Technology Solutions (India) Private Limited | ₹29 Cr (FY 2024) | 42.0% | Pune, Maharashtra, India | |||
| Venkanna Software Services Private Limited | ₹28.96 Cr (FY 2025) | 50.0% | Hyderabad, Telangana, India | |||
| Software Paradigms Infotech Private Limited | ₹28.93 Cr (FY 2025) | -12.0% | Chengalpattu, Tamil Nadu, India |
To see the full peer comparison of Instawork Services India Private Limited, buy the company report.
Auditor
Instawork Services India Private Limited is audited by B K AGARWAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K AGARWAL & CO | FY 2023 | 014755S |
Shareholding
The shareholding of Instawork Services India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Instawork Services India Private Limited, buy the company report.
Deals & funding
Instawork Services India Private Limited has 1 deal on record (1 rights issue); the latest was in July 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Rights issue | ₹10 Lakh | Investors: Garuda Labs, Inc |
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 Instawork Services India 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 Instawork Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Instawork Services India Private Limited has a workforce of 120 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Instawork Services India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI5160J1ZC | Karnataka | Active | 14 Aug 2017 |
To see the full GST registrations and return filing status of Instawork Services India Private Limited, buy the company report.
Recent activity
Instawork Services India Private Limited has 11 board changes on record since 2017: 3 appointments and 8 cessations. The latest: Vaibhav Pandey ceased to be Additional Director on 27 Sep 2023.
2 earlier events are in the company report.
News
Frequently asked questions
Instawork Services India 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 29 May 2017 (9+ years old) and is registered under CIN U72900KA2017PTC103413.
Instawork Services India has 3 current directors:
- Vaibhav Pandey - Director
- Sumir A Meghani - Director
- Reshav Singla - Director
The latest financial statements of Instawork Services India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Instawork Services India is 29AAECI5160J1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Instawork Services India is U72900KA2017PTC103413. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Instawork Services India was incorporated on 29 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Instawork Services India has 1 deal on record (1 rights issue); the latest was in July 2017.
The peers of Instawork Services India by revenue are Orosoft Solutions Private Limited, Digite Infotech Private Limited, Sela Technology Solutions (India) Private Limited, Venkanna Software Services Private Limited, Software Paradigms Infotech Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Vaibhav Pandey ceased to be Additional Director on 27 Sep 2023. Vimal Vijay ceased to be Additional Director on 27 Sep 2023. Vaibhav Pandey was appointed as Director on 29 Jun 2023. Instawork Services India has 11 board changes on record in total.
Instawork Services India can be reached through the website instawork.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Instawork Services India is at Obeya Treepark Kabra Excelsior 6A, 3rd Floor Rear Wing 80 Feet Road, Bangalore, Karnataka, India – 560034.
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