About Saankhya Labs Private Limited
Data last updated:
Saankhya Labs Private Limited was a private limited company based in Bengaluru, Karnataka, India, operated as a subsidiary of Tejas Networks Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the isp and broadband services segment of the telecommunications sector. It was incorporated on 29 December 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC041339. Its GSTIN is 29AAKCS5320A1ZL (Karnataka).
The company had an authorised share capital of ₹47.59 Cr and a paid-up capital of ₹9.71 Cr. It was led by directors including Parag Naik Balwant (Managing Director) and Kayargadde Vishwakumara.
Its last annual general meeting (AGM) was held on 28 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 3rd Level Mezaninne Floor No.3 Infantry Road Vasanth Nagar Embassy Icon Building, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2023, the company reported a revenue of ₹85.01 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹27.16 Cr (net margin -31.9%) and EBITDA of -₹27.75 Cr (EBITDA margin -32.6%). Revenue has grown at a compounded annual rate (CAGR) of 11% over five years.
The company had about 118 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 1 brand: Saankhya Labs. As per MCA filings, the company had satisfied charges of ₹10.85 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 2 cases are pending. The company has 26 deals on record (15 secondary share transfers, 10 funding rounds, 1 acquisition), with disclosed funding of ₹178.41 Cr; the latest was in July 2022.
The last known website on record is saankhyalabs.com.
Company details
Contact details
Saankhya Labs Private Limited's registered office is in Bengaluru, Karnataka. Its website is saankhyalabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Level Mezaninne Floor No.3 Infantry Road Vasanth Nagar Embassy Icon Building, Bengaluru, Karnataka, India – 560001
- IndustryTelecom, ISP & Broadband Services, Telecom Equipment & Tech Solutions
To see the full contact details of Saankhya Labs 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
Saankhya Labs operates one associated brand: Saankhya Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software-defined radio modules for video and data communication are supplied. | saankhyalabs.com |
Business activity
The main business activity of Saankhya Labs is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Saankhya Labs Private Limited, buy the company report.
Financials of Saankhya Labs Private Limited
FY 2024 filings availableSaankhya Labs Private Limited reported revenue of ₹85.01 Cr (down 2% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 932% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹85.01 Cr | ||||
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| Total Expenses | |||||
| EBITDA | -₹27.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.16 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.6% | ||||
| Net Profit Margin | -31.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Saankhya Labs Private Limited, buy the company report.
Board of directors of Saankhya Labs Private Limited
Saankhya Labs has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kayargadde Vishwakumara | Director | 29 Dec 2006 | 19 Years 9 Months | As last reported |
| Parag Naik Balwant Also directs: Vayavya Labs Private Limited | Managing Director | 29 Dec 2006 | 19 Years 9 Months | As last reported |
| Arnob Roy Also directs: Tejas Networks Limited | Nominee Director | 01 Jul 2022 | 4 Years 3 Months | As last reported |
| Mark Andrew Aitken | Director | 28 Nov 2017 | 8 Years 10 Months | As last reported |
| Ganapathy Subramaniam Natarajan | Nominee Director | 18 Jul 2022 | 4 Years 3 Months | As last reported |
| Ramamurthi Bhaskar | Director | 09 Sep 2022 | 4 Years 1 Months | As last reported |
Auditor
Saankhya Labs Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Saankhya 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 Saankhya Labs Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2012 | 10381500 | Svb India Finance Private Limited | ₹6 Cr | Satisfied | |
| 08 Dec 2010 | 10260780 | Technology Development Board | ₹4.85 Cr | Satisfied |
To see the full charge records of Saankhya Labs Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Saankhya Labs Private Limited has 26 deals on record (15 secondary share transfers, 10 funding rounds, 1 acquisition), with disclosed funding of ₹178.41 Cr; the latest was in July 2022.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Acquisition | ₹283.94 Cr | Buyer: Tejas Networks Limited Seller: One Media 3.0, LLC, Esop - Saankhya Labs Private Limited, 2 individuals |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Karmic Design Centre Private Limited, Mahantappa B Badni HuF, 2 individuals Seller: 4 individuals |
| Jan 2011 | Funding round · Pre-Series A | ₹2.41 Cr | Investors: M B Badni And Company, 3 individuals |
| Jan 2011 | Funding round · Seed | ₹2 Cr | Investors: Mahantappa B Badni HuF, Karnataka Industrial Gases Private Limited , 2 individuals |
To see the full deal history of Saankhya 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
Saankhya Labs Private Limited has 6 court cases on record: 4 filed by Saankhya Labs, 2 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Arbitration matter | Filed against the company by M/S GTV Properties Pvt Ltd | Pending |
| High Court, TAMIL NADU | Court case (CMA(PT)) | Filed by the company against an individual | Pending |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Saankhya 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 Saankhya Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Saankhya Labs 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 |
|---|---|---|
| Saankhya Strategic Electronics Private Limited | U72900KA2020PTC136822 |
To see the full group structure of Saankhya Labs Private Limited, buy the company report.
Employees & EPFO
Saankhya Labs Private Limited has a workforce of 118 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Saankhya Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCS5320A1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saankhya Labs Private Limited, buy the company report.
Recent activity
Saankhya Labs Private Limited has 25 board changes on record since 2006: 16 appointments and 9 cessations. The latest: Alice Geevarghese Vaidyan was appointed as Director on 04 Apr 2024.
20 earlier events are in the company report.
News
Frequently asked questions
Saankhya Labs has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Saankhya Labs was a private limited company based in Bengaluru, Karnataka, India. The company worked in isp and broadband services, within the telecom industry. It was incorporated on 29 December 2006 and is registered under CIN U72200KA2006PTC041339. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Saankhya Labs was incorporated on 29 December 2006. It is registered with the Registrar of Companies, Bangalore.
Saankhya Labs had 7 directors:
- Parag Naik Balwant - Managing Director
- Kayargadde Vishwakumara - Director
- Arnob Roy - Nominee Director
- Mark Andrew Aitken - Director
- Ganapathy Subramaniam Natarajan - Nominee Director
- Ramamurthi Bhaskar - Director
- Alice Geevarghese Vaidyan - Director
The CIN (Corporate Identification Number) of Saankhya Labs is U72200KA2006PTC041339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Saankhya Labs is at 3rd Level Mezaninne Floor No.3 Infantry Road Vasanth Nagar Embassy Icon Building, Bengaluru, Karnataka, India – 560001.
Saankhya Labs can be reached through the website saankhyalabs.com. Its registered office is in Bengaluru, Karnataka, India.
The latest financial statements of Saankhya Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 June 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saankhya Labs is 29AAKCS5320A1ZL, registered in Karnataka.
Saankhya Labs operated in the telecom industry, in the isp and broadband services segment.