About Shovel Labs LLP
Data last updated:
Shovel Labs LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 24 May 2021 and has been in existence for over 5 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAX-1370.
The LLP has a total obligation of contribution of ₹1.1 Lakh. It is led by designated partners including Prashant Mittal and Rishi Ayyer.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Flat No. 302 Sorrento 6 Palmgrove Road Victoria Layout, Bangalore, Karnataka, India – 560047.
For more details, the LLP can be reached via its website shovel.company.
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- Registered AddressFlat No. 302 Sorrento 6 Palmgrove Road Victoria Layout, Bangalore, Karnataka, India – 560047
- IndustryBusiness Services, Other 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
Financials of Shovel Labs LLP FY 2025 filings available
Financial Statement Summary of Shovel Labs LLP
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 Shovel Labs LLP
| Statement of Account and Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 Shovel Labs are in the company report.
Financial statements from FY 2022
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.
Designated Partners of Shovel Labs LLP
Shovel Labs has 3 current designated partners and 4 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Mittal | Designated Partner | 24 May 2021 | 5 Years 4 Months | Current |
| Rishi Ayyer | Designated Partner | 08 Oct 2021 | 4 Years 11 Months | Current |
| Shobhit Srivastava | Designated Partner | 08 Oct 2021 | 4 Years 11 Months | Current |
Charges & Borrowings of Shovel Labs LLP
Shovel Labs LLP does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Shovel Labs LLP
Employment history and EPFO contributions of people linked to Shovel Labs.
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 Shovel Labs LLP
Shovel Labs LLP has 6 designated partner changes on record since 2021: 3 appointments and 3 cessations. The latest: Shobhit Srivastava ceased to be Partner on 26 May 2023.
Credit Ratings, Litigation & Regulatory Alerts for Shovel Labs 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 Shovel Labs 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 Shovel Labs 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 Shovel Labs LLP
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 Shovel Labs 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 Shovel Labs LLP
Shovel Labs is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in other services, within the business services industry. It was incorporated on 24 May 2021 (5+ years old) and is registered under LLPIN AAX-1370.
Shovel Labs has 3 current designated partners:
- Prashant Mittal - Designated Partner
- Rishi Ayyer - Designated Partner
- Shobhit Srivastava - Designated Partner
The LLPIN (Limited Liability Partnership Identification Number) of Shovel Labs is AAX-1370. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Shovel Labs was incorporated on 24 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Shobhit Srivastava ceased to be Partner on 26 May 2023. Rishi Ayyer ceased to be Partner on 04 Apr 2023. Deven Bhooshan ceased to be Designated Partner on 08 Oct 2021. Shovel Labs has 6 designated partner changes on record in total.
Shovel Labs can be reached through the website shovel.company. Its registered office is in Bangalore, Karnataka, India.
The registered office of Shovel Labs is at Flat No. 302 Sorrento 6 Palmgrove Road Victoria Layout, Bangalore, Karnataka, India – 560047.
The total obligation of contribution is ₹1.1 Lakh.
Shovel Labs operates in the business services industry, in the other services segment.
Shovel Labs is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.