About Navitas LLP
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Navitas LLP is a limited liability partnership (LLP) based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 13 November 2009 and has been in existence for over 17 years.
The LLP is registered with the Registrar of Companies (ROC), Chennai, under LLPIN AAA-0367. Its GSTIN is 33AAFFT9974P3Z5 (Tamil Nadu). The LLP holds 3 GST registrations, of which 1 is active.
The LLP has a total obligation of contribution of ₹1 Cr. It is led by designated partners Shobana and Vedamirtham Venkatesan.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹45.95 Cr, a decline of 64% compared to the previous year. Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 17% over five years.
The LLP has about 215 employees on its provident fund (EPFO) records.
The LLP is associated with 2 brands: TraceREADY and Navitas Life Sciences. As per MCA filings, the LLP has open charges of ₹32.86 Cr and satisfied charges of ₹50.86 Cr on record. Court records list 13 cases involving the LLP, including 8 filed by the LLP and 5 filed against it; 8 cases are pending.
For more details, the LLP can be reached via its website traceready.com.
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- Registered AddressNo 56 Old No. 116 4th Floor Ragas Building, Dr. Radhakrishnan Salai, Chennai, Tamil Nadu, India – 600004
- 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
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Financials of Navitas LLP FY 2024 filings available
Navitas LLP reported revenue of ₹45.95 Cr (down 64% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Navitas LLP
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 64% fall 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 Navitas LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | •••• | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Navitas LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Navitas 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.
Peer Comparison of Navitas LLP
Navitas LLP is compared with the companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Votary Softech Solutions Private Limited | ₹46.99 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Hyderabad, Telangana, India |
| Uneecops Workplace Solutions Private Limited | ₹46.67 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | New Delhi, Delhi, India |
| Deccan Digital Networks (Hyderabad) Private Limited | ₹46.55 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Recrosoft Technologies Private Limited | ₹46.52 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Aithent Technologies Private Limited | ₹46.38 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Gurugram, Haryana, India |
| Navitas LLP this company | ₹45.95 Cr (FY 2023) | •••• | •••• | -64.0% | •••• | Chennai, Tamil Nadu, India |
| Smartbear Software India Private Limited | ₹45.44 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Bangalore, Karnataka, India |
| Gamma Cae Technologies Private Limited | ₹44.84 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Pune, Maharashtra, India |
| Esdotcom Support & Software Services Private Limited | ₹44.69 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | Chennai, Tamil Nadu, India |
| Udnav Software Services Private Limited | ₹44.41 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Pune, Maharashtra, India |
| Egs Contact Center Solutions Private Limited | ₹44.39 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Gandhinagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Navitas by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Designated Partners of Navitas LLP
Navitas has 2 current designated partners and 6 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shobana Also directs: Esyspro Infotech Limited | Designated Partner | 24 Jun 2020 | 6 Years 3 Months | Current |
| Vedamirtham Venkatesan | Designated Partner | 31 Jul 2022 | 4 Years 2 Months | Current |
Charges & Borrowings of Navitas LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2021 | Icici Bank Limited | ₹3.36 Cr | Satisfied |
| 11 Jan 2013 | The Hongkong & Shanghai Banking Corporation Limited | ₹18 Cr | Satisfied |
| 21 Sep 2010 | Icici Bank Limited | ₹29.5 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Navitas LLP
Navitas LLP has 13 court cases on record: 8 filed by Navitas, 5 filed against it. 8 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 6 |
| District courts | 4 | 2 | 2 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Deputy Commissioner of Income Tax TDS Circle 2 | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Union of India | Pending |
| Madras High Court | Writ petition | Filed by the company against an individual | Pending |
Full case history
All 13 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.
Associated Brands with Navitas LLP
Navitas operates two associated brands: TraceREADY and Navitas Life Sciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers track and trace solutions for biomedical and pharmaceutical companies to ensure compliance and minimize errors. | traceready.com | |
| Clinical, regulatory, safety and compliance services for clinical development | navitaslifesciences.com |
Employees and EPFO Compliance at Navitas LLP
Employment history and EPFO contributions of people linked to Navitas.
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.
Recent Activity on Navitas LLP
Navitas LLP has 8 designated partner changes on record since 2012: 2 appointments and 6 cessations. The latest: Vedamirtham Venkatesan was appointed as Designated Partner on 31 Jul 2022.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Navitas LLP
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.
MSME Payment Delays by Navitas LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Navitas LLP
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 Navitas LLP
Navitas has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFFT9974P3Z5 | Tamil Nadu | Active | 09 Jul 2019 |
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 Navitas LLP
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.
Frequently Asked Questions about Navitas LLP
Navitas is an active limited liability partnership based in Chennai, Tamil Nadu, India. The LLP works in IT consulting and support services, within the information technology industry. It was incorporated on 13 November 2009 (17+ years old) and is registered under LLPIN AAA-0367.
Navitas reported revenue of ₹45.95 Cr for FY 2023 (down 64% YoY).
Navitas has 2 current designated partners:
- Shobana - Designated Partner
- Vedamirtham Venkatesan - Designated Partner
The compounded annual growth rate (CAGR) of the revenue of Navitas is -25% over three years and -17% over five years. In the latest year (FY 2023) revenue fell 64%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Navitas is 33AAFFT9974P3Z5, registered in Tamil Nadu. The LLP has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of Navitas is AAA-0367. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Navitas has 13 court cases on record: 8 filed by the LLP and 5 filed against it. 8 are pending. Most are in the high courts.
Navitas was incorporated on 13 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Navitas by revenue are Votary Softech Solutions Private Limited, Uneecops Workplace Solutions Private Limited, Deccan Digital Networks (Hyderabad) Private Limited, Recrosoft Technologies Private Limited, Aithent Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Vedamirtham Venkatesan was appointed as Designated Partner on 31 Jul 2022. Shobana was appointed as Designated Partner on 24 Jun 2020. Subhasri Sriram ceased to be Designated Partner on 23 Jun 2020. Navitas has 8 designated partner changes on record in total.
Navitas can be reached through the website traceready.com. Its registered office is in Chennai, Tamil Nadu, India.