About Openxcell Technolabs Private Limited
Data last updated:
Openxcell Technolabs Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 04 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2009PTC057711. Its GSTIN is 24AABCO1872A1ZZ (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jayneel Mahendrakumar Patel and Arunaben Mahendrakumar Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 87 Suryodaya Bunglows Opp.Gulab Tower Thaltej, Ahmedabad, Gujarat, India – 380061.
As per the financials filed for FY 2023, the company reported a revenue of ₹57.64 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹9.65 Cr (net margin 16.7%) and EBITDA of ₹13.3 Cr (EBITDA margin 23.1%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 26% over five years.
The company has about 145 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: OpenXcell and Trackhive.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website openxcell.com.
Company details
Contact details
Openxcell Technolabs Private Limited's registered office is in Ahmedabad, Gujarat. Its website is openxcell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address87 Suryodaya Bunglows Opp.Gulab Tower Thaltej, Ahmedabad, Gujarat, India – 380061
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Openxcell Technolabs 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
Openxcell Technolabs operates two associated brands: OpenXcell and Trackhive. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers end-to-end software development services, including design, coding, and maintenance. | openxcell.com | |
| Provides solutions for tracking e-commerce packages. | trackhive.co |
Business activity
The main business activity of Openxcell Technolabs is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Openxcell Technolabs Private Limited, buy the company report.
Financials of Openxcell Technolabs Private Limited
FY 2024 filings availableOpenxcell Technolabs Private Limited reported revenue of ₹57.64 Cr (down 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 62% 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 | ₹57.64 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.65 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.1% | ||||
| Net Profit Margin | 16.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Openxcell Technolabs Private Limited, buy the company report.
Board of directors of Openxcell Technolabs Private Limited
Openxcell Technolabs has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayneel Mahendrakumar Patel Also directs: Speed1 Global Private Limited | Director | 21 Mar 2022 | 4 Years 7 Months | Current |
| Megha Deepakkumar Sanklecha Also directs: Speed1 Global Private Limited, Yuvastyle Retail Private Limited | Additional Director | 18 Apr 2018 | 8 Years 6 Months | Current |
| Arunaben Mahendrakumar Patel Also directs: Yuvastyle Retail Private Limited | Director | 04 Aug 2009 | 17 Years 2 Months | Current |
Auditor
Openxcell Technolabs Private Limited is audited by SAMIR M. SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAMIR M. SHAH & ASSOCIATES | FY 2023 | 122377W |
Shareholding
The shareholding of Openxcell Technolabs 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 Openxcell Technolabs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Openxcell Technolabs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Openxcell Technolabs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Openxcell Technolabs Private Limited has a workforce of 145 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Openxcell Technolabs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCO1872A1ZZ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Openxcell Technolabs Private Limited, buy the company report.
Recent activity
Openxcell Technolabs Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Jayneel Mahendrakumar Patel was appointed as Director on 21 Mar 2022.
News
Frequently asked questions
Openxcell Technolabs is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 04 August 2009 (17+ years old) and is registered under CIN U72200GJ2009PTC057711.
Openxcell Technolabs has 3 current directors:
- Jayneel Mahendrakumar Patel - Director
- Megha Deepakkumar Sanklecha - Additional Director
- Arunaben Mahendrakumar Patel - Director
The latest financial statements of Openxcell Technolabs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Openxcell Technolabs is 24AABCO1872A1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Openxcell Technolabs is U72200GJ2009PTC057711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Openxcell Technolabs was incorporated on 04 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jayneel Mahendrakumar Patel was appointed as Director on 21 Mar 2022. Jayneel Mahendrakumar Patel ceased to be Director on 06 Jun 2019. Megha Deepakkumar Sanklecha was appointed as Additional Director on 18 Apr 2018. Openxcell Technolabs has 4 board changes on record in total.
Openxcell Technolabs can be reached through the website openxcell.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Openxcell Technolabs is at 87 Suryodaya Bunglows Opp.Gulab Tower Thaltej, Ahmedabad, Gujarat, India – 380061.
Openxcell Technolabs operates in the information technology industry, in the application development and software solutions segment.