About Lbit Labs Private Limited
Data last updated: 13 December 2025
Lbit Labs Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, recognised as a startup by DPIIT. It specialises in IT consulting and support services, a part of the broader technology and IT services sector. Incorporated on 28 November 2014, the company has been in operation for over 12 years.
Registered with ROC Vijayawada under CIN U67190AP2014PTC095719.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹20 Lakh. Formerly known as Pennant Fin Services Private Limited. It is led by directors Tagorji Yerneni and Rajiv Mahesh Sanghvi.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: D.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.98 Lakh, a growth of 2% compared to the previous year.
The company has a workforce of approximately 10 employees as per the latest available data.
The company is associated with 2 brands - Lbit Labs, Letzbank.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lbitlabs.com.
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Registered AddressD.No.9 – 13 – 35/4 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003
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IndustryInformation Technology, IT Consulting & Support Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Lbit Labs Private Limited
Lbit Labs Private Limited operates two associated brands: LBIT Labs and Letzbank. These brands represent Lbit Labs Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates as an automated platform for managing receivables. | lbitlabs.com | |
| Operates a platform for comparing and selecting loan options efficiently. | letzbank.com |
Competitors & Alternatives of Lbit Labs Private Limited
Brands and companies operating in the same space as Lbit Labs Private Limited include BankBazaar, Model N, Nomba and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
BankBazaar
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Financial products, loans, and credit scores are aggregated and compared. | Chennai, India, India | 2008 |
Model N
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Cloud-based revenue management solution for life sciences and hi-tech companies | San Mateo, United States, United States | 1999 |
Nomba
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App-based payment solutions are offered for small and medium businesses. | Lagos, Nigeria, Nigeria | 2016 |
Cacheflow
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Cloud-based quote-to-cash solutions are offered for invoice management. | Los Altos, United States, United States | 2021 |
Cerillion
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Cloud-based billing and customer management solutions are provided for businesses. | London, United Kingdom, United Kingdom | 1999 |
Xifin
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Cloud-based billing & revenue cycle management solutions for diagnostic service providers | San Diego, United States, United States | 1997 |
Parasut
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Cloud-based invoice management and collection solutions for small & medium businesses | Istanbul, Turkey, Turkey | 2013 |
Trovata
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Cash flow analysis is automated for businesses using open banking. | San Diego, United States, United States | 2016 |
Apttus
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Quote-to-cash solutions for businesses | San Mateo, United States, United States | 2006 |
LetsMD
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Platform offering medical financing solutions | Delhi, India, India | 2015 |
Business Activity of Lbit Labs Private Limited
Lbit Labs Private Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details for Lbit Labs Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Auditor Details of Lbit Labs Private Limited
Lbit Labs Private Limited is audited by SREEDAR MOHAN & ASSOCIATES for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SREEDAR MOHAN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history for Lbit Labs Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Lbit Labs Private Limited
Lbit Labs Private Limited is currently managed by 2 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tagorji Yerneni | Director | 06 Feb 2015 | 11 Years 5 Months | Current |
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Rajiv Mahesh Sanghvi
Also directs:
Momentum Motors Llp, Automotive Manufacturers Private Limited, Olympus Motors Private Limited and 5 more
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Director | 30 Sep 2019 | 6 Years 9 Months | Current |
Financials of Lbit Labs Private Limited FY 2025 filings available
Lbit Labs Private Limited reported revenue of ₹24.98 Lakh (up 2.00% YoY) for FY 2025.
Ten-year financial statements for Lbit Labs Private Limited
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Ownership and Shareholding of Lbit Labs Private Limited
Shareholding and ownership data for Lbit Labs Private Limited
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Charges & Borrowings Lbit Labs Private Limited
Lbit Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Lbit Labs Private Limited
Lbit Labs Private Limited has a workforce of 10 employees as of Apr 08, 2024.
Employee and EPFO history for Lbit Labs Private Limited
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GST Compliance of Lbit Labs Private Limited
GST registrations and filing compliance for Lbit Labs Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Lbit Labs Private Limited
Credit ratings, litigation, and regulatory alerts for Lbit Labs Private Limited
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MSME Payment Delays by Lbit Labs Private Limited
MSME payment history for Lbit Labs Private Limited
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Subsidiaries & Group Companies of Lbit Labs Private Limited
Corporate group structure for Lbit Labs Private Limited
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MCA Filings & Documents of Lbit Labs Private Limited
MCA filings and documents for Lbit Labs Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Lbit Labs Private Limited
Frequently Asked Questions about Lbit Labs Private Limited
Lbit Labs Private Limited is an active private limited company in the information technology sector based in Visakhapatnam, Andhra Pradesh, India. It was incorporated on 28 November 2014 (12+ years old) and is registered under CIN U67190AP2014PTC095719. The company has 10 employees.
Lbit Labs Private Limited reported revenue of ₹24.98 Lakh for FY 2025 (up 2.00% YoY).
The current directors of Lbit Labs Private Limited are:
- Tagorji Yerneni - Director
- Rajiv Mahesh Sanghvi - Director
The primary industry of Lbit Labs Private Limited is information technology. The company specifically operates in IT consulting and support services. The company is currently active in this sector.
Yes, Lbit Labs Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Lbit Labs Private Limited can be reached at the registered office: D.No.9 – 13 – 354 First Floor Cbm Compound East Extension Vip Road, Visakhapatnam, Andhra Pradesh, India – 530003, or through the website lbitlabs.com.