About TNG Innovation Labs Private Limited
Data last updated:
TNG Innovation Labs Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Tangerine Innovation Pte.Ltd. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 05 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC129310. Its GSTIN is 29AAHCT5877A1Z1 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sumit Rishi and Kaushik Thakkar.
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 No.611 1st Main Road Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹89.15 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹1.22 Cr (net margin -136.5%) and EBITDA of -₹1.2 Cr (EBITDA margin -134.7%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Tangerine.ai.
For more details, the company can be reached via its website tangerine.ai.
Company details
Contact details
TNG Innovation Labs Private Limited's registered office is in Bengaluru, Karnataka. Its website is tangerine.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.611 1st Main Road Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of TNG Innovation 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
TNG Innovation Labs operates one associated brand: Tangerine.ai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tangerine.ai is focused on AI-driven solutions for industries and smart cities. | tangerine.ai |
Business activity
The main business activity of TNG Innovation 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 TNG Innovation Labs Private Limited, buy the company report.
Financials of TNG Innovation Labs Private Limited
FY 2024 filings availableTNG Innovation Labs Private Limited reported revenue of ₹89.15 Lakh (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 57% over three years, including a 83% fall in the latest year. EBITDA fell 544% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.22 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -134.7% | ||||
| Net Profit Margin | -136.5% | ||||
| 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 TNG Innovation Labs Private Limited, buy the company report.
Board of directors of TNG Innovation Labs Private Limited
TNG Innovation Labs has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Rishi | Director | 08 Apr 2020 | 6 Years 7 Months | Current |
| Kaushik Thakkar Also directs: Nevales Networks Private Limited | Director | 05 Nov 2019 | 7 Years 0 Months | Current |
Auditor
TNG Innovation Labs Private Limited is audited by Suresh Kannan & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh Kannan & Co. | FY 2023 | 008976S |
Shareholding
The shareholding of TNG Innovation Labs Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of TNG Innovation Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving TNG Innovation 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 TNG Innovation Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
TNG Innovation Labs Private Limited has a workforce of 1 employees on its EPFO records as of Dec 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 1 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of TNG Innovation Labs Private Limited, buy the company report.
GST
TNG Innovation Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCT5877A1Z1 | Karnataka | Active | 01 Apr 2020 |
To see the full GST registrations and return filing status of TNG Innovation Labs Private Limited, buy the company report.
Recent activity
TNG Innovation Labs Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Sunija Rishi ceased to be Director on 30 Dec 2024.
Frequently asked questions
TNG Innovation Labs is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 05 November 2019 (7+ years old) and is registered under CIN U72900KA2019FTC129310.
TNG Innovation Labs has 2 current directors:
- Sumit Rishi - Director
- Kaushik Thakkar - Director
The latest financial statements of TNG Innovation Labs 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 FY 2020 are in the company report.
The GSTIN of TNG Innovation Labs is 29AAHCT5877A1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of TNG Innovation Labs is U72900KA2019FTC129310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TNG Innovation Labs was incorporated on 05 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Sunija Rishi ceased to be Director on 30 Dec 2024. Sumit Rishi was appointed as Director on 08 Apr 2020. Kaushik Thakkar was appointed as Director on 05 Nov 2019.
TNG Innovation Labs can be reached through the website tangerine.ai. Its registered office is in Bengaluru, Karnataka, India.
The registered office of TNG Innovation Labs is at No.611 1st Main Road Sector 6 Hsr Layout, Bengaluru, Karnataka, India – 560102.
TNG Innovation Labs operates in the telecom industry, in the telecom equipment and tech solutions segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
