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Izatech Labs Private Limited - information technology in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.08 Cr
▲ 7% YoY
Net profit · FY 2024
₹6.84 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹64.65 Lakh
EBITDA margin 3.1%
Authorised capital
₹9.5 Cr
Registered with MCA
Paid-up capital
₹4.47 Cr
Issued & subscribed
Open charges
₹6 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
2
Provident fund records
About Izatech Labs Private Limited
Data last updated:
Izatech Labs Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, 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 29 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900AP2017PTC105944. Its GSTIN is 36AAECI5156N1Z5 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹9.5 Cr and a paid-up capital of ₹4.47 Cr. It is led by directors including Prasanna Gavini and Vidya Ponduri.
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 50 – 121 – 54/1/A Kasturi Nilayam Double Road Balayya Shastry Laout, Visakhapatnam, Andhra Pradesh, India – 530013.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.08 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹6.84 Lakh (net margin 0.3%) and EBITDA of ₹64.65 Lakh (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 135% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Care9. As per MCA filings, the company has open charges of ₹6 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 10 deals on record (4 rights issues, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹93 Lakh; the latest was in August 2024. Its 10 peer companies in the same principal business activity (retail trading) are compared by revenue, 5 larger and 5 smaller; the largest is Fascal Private Limited with revenue of ₹21.08 Cr.
Izatech Labs Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TS-02-0051013). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website care9.com.
Company details
CIN U72900AP2017PTC105944
Registration Number 105944
Incorporation Date 29 May 2017
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-TS-02-0051013
Recognitions & Rankings of Izatech Labs
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TS-02-0051013
Contact details
Izatech Labs Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is care9.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address50 – 121 – 54/1/A Kasturi Nilayam Double Road Balayya Shastry Laout, Visakhapatnam, Andhra Pradesh, India – 530013
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Izatech Labs Private Limited, buy the company report.
Comprehensive company report
Izatech Labs 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
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Business activity
The main business activity of Izatech Labs is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Izatech Labs Private Limited, buy the company report.
Financials of Izatech Labs Private Limited
FY 2024 filings availableIzatech Labs Private Limited reported revenue of ₹21.08 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹21.08 Cr ▲ 7%
Net profit · FY 2024
₹6.84 Lakh margin 0.3%
EBITDA · FY 2024
₹64.65 Lakh margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 29%
5 years · compounded
▲ 135%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 45%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 135% over five years, including 7% growth in the latest year. EBITDA fell 20% 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 |
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| Total Expenses | |||||
| EBITDA | ₹64.65 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.84 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Izatech Labs Private Limited, buy the company report.
Board of directors of Izatech Labs Private Limited
Izatech Labs has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasanna Gavini | Director | 17 Mar 2018 | 8 Years 7 Months | Current |
| Vidya Ponduri | Director | 29 May 2017 | 9 Years 4 Months | Current |
| Venkata Satya Kumar Ponduri Also directs: Astria Capital Private Limited, Quest Life Sciences Private Limited, Astria Life Private Limited and 1 more | Director | 29 May 2017 | 9 Years 4 Months | Current |
| Juvvadi Sandeep Also directs: Astria Capital Private Limited, Quest Life Sciences Private Limited, Savivas Teleradiology LLP and 4 more | Director | 29 Nov 2021 | 4 Years 10 Months | Current |
Peer comparison
Izatech Labs Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fascal Private Limited | ₹21.08 Cr (FY 2024) | Etah, Uttar Pradesh, India | ||||
| Pit Shop Private Limited | ₹21.08 Cr (FY 2025) | -17.0% | Hyderabad, Telangana, India | |||
| Divij Solars Private Limited | ₹21.08 Cr (FY 2024) | 38.0% | Karnal, Haryana, India | |||
| Spheretech Packaging India Private Limited | ₹21.08 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Bitsy Infotech Private Limited | ₹21.08 Cr (FY 2025) | 63.0% | Mumbai, Maharashtra, India | |||
| Izatech Labs Private Limitedthis company | ₹21.08 Cr (FY 2024) | ₹6.84 Lakh | 0.3% | 7.0% | Visakhapatnam, Andhra Pradesh, India | |
| Deutek Controls (India) Limited | ₹21.08 Cr (FY 2024) | 28.0% | New Delhi, Delhi, India | |||
| Offspring Engineering Solutions Private Limited | ₹21.07 Cr (FY 2024) | 16.0% | Secunderabad, Telangana, India | |||
| Navigator Systems Private Limited | ₹21.07 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Pranavee Secure India Private Limited | ₹21.06 Cr (FY 2023) | 21.0% | Chennai, Tamil Nadu, India | |||
| Prana Trading Private Limited | ₹21.06 Cr (FY 2018) | 54.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Izatech Labs Private Limited, buy the company report.
Auditor
Izatech Labs Private Limited is audited by Srikalyan & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Srikalyan & Associates | FY 2022 | 013497S |
Shareholding
The shareholding of Izatech Labs 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 Izatech Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2024 | 101022114 | Others | ₹6 Cr | Open |
To see the full charge records of Izatech Labs Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Izatech Labs Private Limited has 10 deals on record (4 rights issues, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹93 Lakh; the latest was in August 2024.
Total deals
10
Rights issues
4
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹93 Lakh
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Rights issue | ₹1 Cr | Investors: 3 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2021 | Rights issue | ₹1.6 Cr | Investors: 2 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Izatech Labs Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Izatech Labs Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pathanamthitta, Kerala | Criminal miscellaneous application | Filed against the company | Disposed |
| District court, Hyderabad Central, Telangana | Court case (A.R.B.O.P) | Filed against the company by M/S. Nova Pharmacy | Disposed |
To see the full case history of Izatech Labs 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
No delayed payments to MSME suppliers are on our record for Izatech Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Izatech Labs has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECI5156N1Z5 | Telangana | Active | 17 Nov 2018 |
To see the full GST registrations and return filing status of Izatech Labs Private Limited, buy the company report.
Recent activity
Izatech Labs Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Juvvadi Sandeep was appointed as Director on 29 Nov 2021.
Charges
A charge with Others of Rs. 6.00 Cr registered on 27 Dec 2024 with Charge ID 101022114 was modified on 26 Jun 2025.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101022114 was registered on 27 Dec 2024.
AGM
Izatech Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Izatech Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Appointed
Juvvadi Sandeep was appointed as Director.
Ceased
Shiva Ganesh Bellamkonda ceased to be Director.
Ceased
Durga Prasad Dakamuri ceased to be Director.
Appointed
Prasanna Gavini was appointed as Director.
Appointed
Venkata Satya Kumar Ponduri was appointed as Director.
Appointed
Vidya Ponduri was appointed as Director.
Incorporation
29 May 2017
Izatech Labs Private Limited was registered on 29 May 2017 with Roc Vijayawada & aged 9 years 5 months as per MCA records.
Frequently asked questions
Izatech Labs is an active private limited company based in Visakhapatnam, Andhra Pradesh, 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 U72900AP2017PTC105944.
Izatech Labs has 4 current directors:
- Prasanna Gavini - Director
- Vidya Ponduri - Director
- Venkata Satya Kumar Ponduri - Director
- Juvvadi Sandeep - Director
The latest financial statements of Izatech Labs 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 FY 2018 are in the company report.
The GSTIN of Izatech Labs is 36AAECI5156N1Z5, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Izatech Labs is U72900AP2017PTC105944. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Izatech Labs has 2 court cases on record: 2 filed against it.
Izatech Labs was incorporated on 29 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Vijayawada.
Izatech Labs has 10 deals on record (4 rights issues, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹93 Lakh; the latest was in August 2024.
The peers of Izatech Labs by revenue are Fascal Private Limited, Pit Shop Private Limited, Divij Solars Private Limited, Spheretech Packaging India Private Limited, Bitsy Infotech Private Limited and 5 more, all in the same principal business activity (retail trading).
Juvvadi Sandeep was appointed as Director on 29 Nov 2021. Shiva Ganesh Bellamkonda ceased to be Director on 22 Jun 2021. Durga Prasad Dakamuri ceased to be Director on 28 Mar 2018. Izatech Labs has 6 board changes on record in total.
Yes, Izatech Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).