Letsgain Private Limited - agriculture in Allahabad, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U74999UP2016PTC085317 Incorporated 01 August 2016 ROC Uttar Pradesh HQ Allahabad, Uttar Pradesh, India
Active Private Limited Company agriculture
Data last updated
Revenue · FY 2022
₹36.24 Lakh
▼ 40% YoY
Net profit · FY 2022
₹26,953
Net margin 0.7%
EBITDA · FY 2022
₹2.38 Lakh
EBITDA margin 6.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered

About Letsgain Private Limited

Data last updated:

Letsgain Private Limited is a private limited company based in Allahabad, Uttar Pradesh, India, recognised as a startup by DPIIT. It operates in the crop production and distribution segment of the agriculture sector. It was incorporated on 01 August 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74999UP2016PTC085317. Its GSTIN is 09AADCL1226D1ZY (Uttar Pradesh). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shamsher Singh and Ankit Kumar Singh.

Its last annual general meeting (AGM) was held on 31 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 97F/7H Vishnapuri Colony Ponghat Pull Lane No – 13 Bamrauli Allahabad, Uttar Pradesh, India – 211012.

As per the financials filed for FY 2022, the company reported a revenue of ₹36.24 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹26,953 (net margin 0.7%) and EBITDA of ₹2.38 Lakh (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 60% over five years.

Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies.

Company Details of Letsgain Private Limited
CIN U74999UP2016PTC085317
Registration Number 085317
Incorporation Date 01 August 2016
ROC Uttar Pradesh
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    97F/7H Vishnapuri Colony Ponghat Pull Lane No – 13 Bamrauli Allahabad, Uttar Pradesh, India – 211012
  • Industry
    Agriculture, Crop Production & Distribution
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Financials, compliance, directors, charges, ownership and filings for Letsgain Private Limited in one report.

Financials from FY 2017 Directors & ownership Charges & compliance

Business Activity of Letsgain Private Limited

The main business activity of Letsgain is trade. In detail, this covers wholesale trading.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Letsgain Private Limited FY 2022 filings available

Letsgain Private Limited reported revenue of ₹36.24 Lakh (down 40% YoY) for FY 2022.

Revenue · FY 2022
₹36.24 Lakh ▼ 40%
Net profit · FY 2022
₹26,953 margin 0.7%
EBITDA · FY 2022
₹2.38 Lakh margin 6.6%

Compounded Annual Growth Rate (CAGR) of Letsgain Private Limited

Revenue CAGR growth
1 year
▼ 40%
3 years · compounded
▲ 71%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 81%
5 years · compounded
▲ 86%

Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 60%. EBITDA fell 15% 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 Letsgain Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹2.38 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹26,953••••••••••••••••
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 Letsgain Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin6.6%••••••••••••••••
Net Profit Margin0.7%••••••••••••••••
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 Letsgain are in the company report.

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Financial statements from FY 2017

Earlier years and trend charts are in the company report.

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Peer Comparison of Letsgain Private Limited

Letsgain Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Farm Produce). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ratanmahal Farmers Producer Company Limited••••••••••••••••-Sihora, Madhya Pradesh, India
Den Multipurpose Agriculture Producer Company Limited••••••••••••••••-Lakhimpur, Assam, India
Kotkasim Krishak Vikas Producer Company Limited••••••••••••••••-Kotkasim, Rajasthan, India
Krushiunnaty Farmers Producer Company Limited••••••••••••••••-Buldhana, Maharashtra, India
Kalptara Farmer Producer Company Limited••••••••••••••••-Nagpur, Maharashtra, India
Letsgain Private Limited this company••••••••••••••••-Allahabad, Uttar Pradesh, India
Nogayya Farmers Producer Company Limited••••••••••••••••-Mewat, Haryana, India
Gandarvakottai Kalasam Cashew Farmers Producer Company Limited••••••••••••••••-Pudukottai, Tamil Nadu, India
Rashinkar Agro Producer Company Limited••••••••••••••••-Haveli, Maharashtra, India
Derhgawa Kalyankari Organic Farmer Producer Company Limited••••••••••••••••-Ghazipur, Uttar Pradesh, India
Parna Western Ghats Farmer Producer Company Limited••••••••••••••••-Sirsi, Karnataka, India

Peers are the five companies nearest above and the five nearest below Letsgain by revenue in the Agriculture industry (Farm Produce), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Letsgain Private Limited

Letsgain Private Limited is audited by SHIVAM AGARWAL & ASSOCIATES for the financial year 2021.

NameStatusAppointment DateCessation Date
SHIVAM AGARWAL & ASSOCIATESLockedLockedLocked
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Board of Directors of Letsgain Private Limited

Letsgain has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Shamsher SinghDirector01 Aug 201610 Years 2 MonthsCurrent
Ankit Kumar SinghDirector01 Aug 201610 Years 2 MonthsCurrent

Ownership and Shareholding of Letsgain Private Limited

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Charges & Borrowings of Letsgain Private Limited

Letsgain Private Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Letsgain Private Limited

Employment history and EPFO contributions of people linked to Letsgain.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Letsgain Private Limited

Letsgain Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Ankit Kumar Singh was appointed as Director on 01 Aug 2016.

AGM
Letsgain Private Limited last Annual general meeting of members was held on 31 Dec 2022 as per latest MCA records.
Filing
Letsgain Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Uttar Pradesh I.
Appointed
Ankit Kumar Singh was appointed as Director.
Appointed
Shamsher Singh was appointed as Director.
Incorporation
01 Aug 2016
Letsgain Private Limited was registered on 01 Aug 2016 with Roc Uttar Pradesh I & aged 10 years 2 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Letsgain Private Limited

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MSME Payment Delays by Letsgain Private Limited

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Subsidiaries & Group Companies of Letsgain Private Limited

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Corporate group structure

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GST Compliance of Letsgain Private Limited

Letsgain has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
09AADCL1226D1ZYUttar PradeshActive03 Aug 2017
10AADCL1226D1ZFBiharActive30 Sep 2019
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Letsgain Private Limited

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Frequently Asked Questions about Letsgain Private Limited

Letsgain is an active private limited company based in Allahabad, Uttar Pradesh, India. The company works in crop production and distribution, within the agriculture industry. It was incorporated on 01 August 2016 (10+ years old) and is registered under CIN U74999UP2016PTC085317.

Letsgain reported revenue of ₹36.24 Lakh for FY 2022 (down 40% YoY).

Letsgain has 2 current directors:

Letsgain reported a net profit of ₹26,953 (net margin 0.7%) and EBITDA of ₹2.38 Lakh (EBITDA margin 6.6%) for FY 2022, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Letsgain is 71% over three years and 60% over five years. In the latest year (FY 2022) revenue fell 40%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Letsgain is 09AADCL1226D1ZY, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 10AADCL1226D1ZF (Bihar).

The CIN (Corporate Identification Number) of Letsgain is U74999UP2016PTC085317. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Letsgain has 3 court cases on record: 3 filed against it. 2 are pending.

Letsgain was incorporated on 01 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.

The peers of Letsgain by revenue are Ratanmahal Farmers Producer Company Limited, Den Multipurpose Agriculture Producer Company Limited, Kotkasim Krishak Vikas Producer Company Limited, Krushiunnaty Farmers Producer Company Limited, Kalptara Farmer Producer Company Limited and 5 more, all in the Agriculture industry (Farm Produce).

Ankit Kumar Singh was appointed as Director on 01 Aug 2016. Shamsher Singh was appointed as Director on 01 Aug 2016.

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