About Intriskelion Labs Private Limited
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Intriskelion Labs Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Ripple Labs Inc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 25 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017FTC209882. Its GSTIN is 27AAECI6074P1ZX (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Aarti Shenoy and Velayudhannair Vidya.
Its last annual general meeting (AGM) was held on 18 November 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 ₹36.23 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹4.96 Cr (net margin 13.7%) and EBITDA of ₹6 Cr (EBITDA margin 16.6%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 22% over five years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ripple.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ripple.com.
Company details
CIN history
Intriskelion Labs has one previous CIN (Corporate Identification Number): U74999MH2017FTC299029. The current CIN is U74999KA2017FTC209882, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA2017FTC209882 | Current |
| U74999MH2017FTC299029 | Previous |
Contact details
Intriskelion Labs Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressOffice Space 05 – 103 Wework Embassy Techvillage, Block – L Embassy Techvillage Outer Ring Rd Devarabisanahalli, Bangalore, Karnataka, India – 560103
- IndustryInformation Technology, Software Development & 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
Brands
Intriskelion Labs operates one associated brand: Ripple. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Blockchain-based payment network for cross-border transfers is developed. | ripple.com |
Business activity
The main business activity of Intriskelion Labs 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 Intriskelion Labs Private Limited, buy the company report.
Financials of Intriskelion Labs Private Limited
FY 2025 filings availableIntriskelion Labs Private Limited reported revenue of ₹36.23 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 21% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹6 Cr | ||||
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| Net Profit (PAT) | ₹4.96 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 16.6% | ||||
| Net Profit Margin | 13.7% | ||||
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To see the full financial statements and ratios of Intriskelion Labs Private Limited, buy the company report.
Board of directors of Intriskelion Labs Private Limited
Intriskelion Labs has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aarti Shenoy | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
| Velayudhannair Vidya | Director | 25 Apr 2023 | 3 Years 6 Months | Current |
| Jimit Bharat Udeshi | Director | 17 Jun 2021 | 5 Years 4 Months | Current |
| Eric Paul Van Miltenburg | Director | 25 Aug 2017 | 9 Years 2 Months | Current |
Peer comparison
Intriskelion Labs Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Crest Infosystems Private Limited | ₹36.62 Cr (FY 2025) | 24.0% | Surat, Gujarat, India | |||
| Concentric Software India Private Limited | ₹36.59 Cr (FY 2025) | 96.0% | Bangalore, Karnataka, India | |||
| Veripark Software Private Limited | ₹36.5 Cr (FY 2025) | 62.0% | Hyderabad, Telangana, India | |||
| Avrlite Games Private Limited | ₹36.33 Cr (FY 2024) | 122.0% | Basopatti, Bihar, India | |||
| Rendered Ideas Softgame Private Limited | ₹36.24 Cr (FY 2025) | 6.0% | Thane, Maharashtra, India | |||
| Intriskelion Labs Private Limitedthis company | ₹36.23 Cr (FY 2025) | ₹4.96 Cr | 13.7% | -40.0% | Bangalore, Karnataka, India | |
| Hizpay Technologies Private Limited | ₹36.2 Cr (FY 2025) | 100.0% | Taliparamba, Kerala, India | |||
| Ibaset India Software Private Limited | ₹36.06 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| GSR Business Services Private Limited | ₹35.97 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Infinite Locus Private Limited | ₹35.96 Cr (FY 2025) | 30.0% | Kanpur, Uttar Pradesh, India | |||
| Navayuga Infotech Private Limited | ₹35.88 Cr (FY 2018) | -29.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Intriskelion Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Intriskelion Labs 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 Intriskelion Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Intriskelion Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI6074P1ZX | Maharashtra | Active | 24 Jan 2019 |
To see the full GST registrations and return filing status of Intriskelion Labs Private Limited, buy the company report.
Recent activity
Intriskelion Labs Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Velayudhannair Vidya ceased to be Additional Director on 27 Sep 2023.
1 earlier event is in the company report.
News
Frequently asked questions
Intriskelion Labs is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 25 August 2017 (9+ years old) and is registered under CIN U74999KA2017FTC209882.
Intriskelion Labs has 4 current directors:
- Aarti Shenoy - Director
- Velayudhannair Vidya - Director
- Jimit Bharat Udeshi - Director
- Eric Paul Van Miltenburg - Director
The latest financial statements of Intriskelion Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 November 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Intriskelion Labs is 27AAECI6074P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Intriskelion Labs is U74999KA2017FTC209882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Intriskelion Labs was incorporated on 25 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Intriskelion Labs by revenue are Crest Infosystems Private Limited, Concentric Software India Private Limited, Veripark Software Private Limited, Avrlite Games Private Limited, Rendered Ideas Softgame Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Velayudhannair Vidya ceased to be Additional Director on 27 Sep 2023. Velayudhannair Vidya was appointed as Director on 25 Apr 2023. Jimit Bharat Udeshi ceased to be Additional Director on 30 Dec 2021. Intriskelion Labs has 10 board changes on record in total.
Intriskelion Labs can be reached through the website ripple.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Intriskelion Labs is at Office Space 05 – 103 Wework Embassy Techvillage, Block – L Embassy Techvillage Outer Ring Rd Devarabisanahalli, Bangalore, Karnataka, India – 560103.
Intriskelion Labs operates in the information technology industry, in the software development and support services segment.
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