About Marlabs Innovations Private Limited
Data last updated:
Marlabs Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Marlabs Asia Holdings Limited, Mauritius. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC039698. Its GSTIN is 29AAECM6806F1ZE (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹58.03 Cr and a paid-up capital of ₹2.25 Lakh. It is led by directors including Todd Michael Keller and Siby Vadakekkara Antony.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹305.88 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹26.51 Cr (net margin 8.7%) and EBITDA of ₹43.94 Cr (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The company has about 1,526 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Marlabs. As per MCA filings, the company has satisfied charges of ₹27.89 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹57 Cr; the latest was in March 2024. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Bridgenext India Private Limited with revenue of ₹314.63 Cr. The company has 11 MSME Form 1 returns on record between 2017 and 2024, listing 88 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marlabs.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPrimeco Union City Wing – 1 Block – B, Sadaramangala Industrial Area Whitefield Main Road, Bangalore, Karnataka, India – 560067
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Marlabs Innovations Private Limited
Marlabs Innovations operates one associated brand: Marlabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A suite of IT services is provided by Marlabs. | marlabs.com |
Business Activity of Marlabs Innovations Private Limited
The main business activity of Marlabs Innovations is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Marlabs Innovations Private Limited FY 2025 filings available
Marlabs Innovations Private Limited reported revenue of ₹305.88 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Marlabs Innovations Private Limited
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 13% 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 Marlabs Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹43.94 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.51 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Marlabs Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 Marlabs Innovations are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Marlabs Innovations Private Limited
Marlabs Innovations has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Todd Michael Keller | Director | 18 Aug 2023 | 3 Years 2 Months | Current |
| Siby Vadakekkara Antony | Director | 23 Dec 2006 | 19 Years 9 Months | Current |
| Lakshmikanth Venkat Ramana Yellapantula | Director | 13 Dec 2024 | 1 Years 10 Months | Current |
| Phaneesh Murthy | Director | 12 May 2021 | 5 Years 5 Months | Current |
| Rachita Atal | Director | 13 Dec 2024 | 1 Years 10 Months | Current |
Peer Comparison of Marlabs Innovations Private Limited
Marlabs Innovations Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bridgenext India Private Limited | ₹314.63 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pune, Maharashtra, India |
| Newgen Digitalworks Private Limited | ₹311.69 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Chennai, Tamil Nadu, India |
| Algonomy Software Private Limited | ₹310.23 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| Oasys Cybernetics Private Limited | ₹309.13 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Chennai, Tamil Nadu, India |
| Rahi Systems Private Limited | ₹306.5 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
| Marlabs Innovations Private Limited this company | ₹305.88 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Shi Solutions India Private Limited | ₹305.38 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Virinchi Limited Listed | ₹304.83 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Hyderabad, Telangana, India |
| Diamond Infosystems Limited | ₹300.67 Cr (FY 2017) | •••• | •••• | 2.0% | •••• | Vadodara, Gujarat, India |
| Petrofac Projects and Services Private Limited | ₹300.22 Cr (FY 2023) | •••• | •••• | 580.0% | •••• | Manapakkam Chennai, Tamil Nadu, India |
| Asm Technologies Limited Listed | ₹297.62 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Marlabs Innovations by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Marlabs Innovations Private Limited
Marlabs Innovations Private Limited is audited by Walker Chandiok & Co Llp for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co Llp | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Marlabs Innovations Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marlabs Innovations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Aug 2004 | Axis Bank Limited | ₹27 Cr | Satisfied |
| 30 Aug 2001 | Uti Bank Ltd. | ₹89 Lakh | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Marlabs Innovations Private Limited
Marlabs Innovations Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹57 Cr; the latest was in March 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Marlabs LLC Seller: an individual |
| Sep 2017 | Funding round | ₹57 Cr | Investors: 4 individuals |
| Jan 2007 | Secondary share transfer | Undisclosed | Buyer: Marlabs Asia Holdings Limited Seller: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Marlabs Innovations Private Limited
Marlabs Innovations Private Limited has 9 court cases on record: 4 filed by Marlabs Innovations, 5 filed against it. 1 case is pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 4 | 0 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Deputy Commissioner of Income Tax Circle | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by PR. Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Marlabs Innovations Private Limited
Marlabs Innovations Private Limited has 11 MSME Form 1 returns on record between 2017 and 2024, listing 88 overdue payments to 28 micro and small suppliers. 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 (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Central Data Systems Private Limited | •••• | •••• | •••• |
| Togglenow Software Solutions Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| RCS Tech LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Marlabs Innovations Private Limited
Marlabs Innovations Private Limited has a workforce of 1,526 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Marlabs Innovations Private Limited
Marlabs Innovations has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Et Marlabs Private Limited | U72200KA2011PTC060366 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Marlabs Innovations Private Limited
Marlabs Innovations Private Limited has 18 board changes on record since 2006: 5 appointments and 13 cessations. The latest: Lakshmikanth Venkat Ramana Yellapantula ceased to be Additional Director on 29 Sep 2025.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Marlabs Innovations Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Marlabs Innovations Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Marlabs Innovations Private Limited
Marlabs Innovations has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM6806F1ZE | Karnataka | Active | 01 Jul 2017 |
| 29AAECM6806F4ZB | Karnataka | Active | 18 Aug 2022 |
| 32AAECM6806F1ZR | Kerala | Active | 27 Nov 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marlabs Innovations Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Marlabs Innovations Private Limited
Frequently Asked Questions about Marlabs Innovations Private Limited
Marlabs Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 13 June 2006 (20+ years old) and is registered under CIN U72200KA2006PTC039698.
Marlabs Innovations reported revenue of ₹305.88 Cr for FY 2025 (down 15% YoY).
Marlabs Innovations has 5 current directors:
- Todd Michael Keller - Director
- Siby Vadakekkara Antony - Director
- Lakshmikanth Venkat Ramana Yellapantula - Director
- Phaneesh Murthy - Director
- Rachita Atal - Director
Marlabs Innovations reported a net profit of ₹26.51 Cr (net margin 8.7%) and EBITDA of ₹43.94 Cr (EBITDA margin 14.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marlabs Innovations is -3% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marlabs Innovations is 29AAECM6806F1ZE, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAECM6806F4ZB (Karnataka), 32AAECM6806F1ZR (Kerala).
The CIN (Corporate Identification Number) of Marlabs Innovations is U72200KA2006PTC039698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marlabs Innovations has 9 court cases on record: 4 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Marlabs Innovations was incorporated on 13 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Marlabs Innovations has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹57 Cr; the latest was in March 2024.
The peers of Marlabs Innovations by revenue are Bridgenext India Private Limited, Newgen Digitalworks Private Limited, Algonomy Software Private Limited, Oasys Cybernetics Private Limited, Rahi Systems Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Lakshmikanth Venkat Ramana Yellapantula ceased to be Additional Director on 29 Sep 2025. Rachita Atal ceased to be Additional Director on 29 Sep 2025. Lakshmikanth Venkat Ramana Yellapantula was appointed as Director on 13 Dec 2024. Marlabs Innovations has 18 board changes on record in total.