MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-AP-10-0003213
Vassar Labs IT Solutions Private Limited - information technology in Visakhapatnam, Andhra Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹42.35 Cr
▼ 16% YoY
Net profit · FY 2024
₹2.28 Cr
Net margin 5.4%
EBITDA · FY 2024
₹3.47 Cr
EBITDA margin 8.2%
Authorised capital
₹11 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹31.92 Cr
Secured borrowings
Company age
12 yrs
Est. 2014
Employees · EPFO
63
Provident fund records
About Vassar Labs IT Solutions Private Limited
Data last updated:
Vassar Labs IT Solutions Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72500AP2014PTC095357. Its GSTIN is 37AAECV9057D1Z3 (Andhra Pradesh). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Teja Potineni and Potineni Koteswara Rao.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 50 – 96 – 12/8 T. P. T. Colony Seetammadhara Visakhapatnam, Andhra Pradesh, India – 530013.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.35 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Cr (net margin 5.4%) and EBITDA of ₹3.47 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 15% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vassarlabs. As per MCA filings, the company has open charges of ₹31.92 Cr on record.
Vassar Labs IT Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-10-0003213). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vassarlabs.com.
Company details
CIN U72500AP2014PTC095357
Registration Number 095357
Incorporation Date 19 September 2014
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-AP-10-0003213
Recognitions & Rankings of Vassar Labs IT Solutions
Contact details
Vassar Labs IT Solutions Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is vassarlabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address50 – 96 – 12/8 T. P. T. Colony Seetammadhara Visakhapatnam, Andhra Pradesh, India – 530013
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Vassar Labs IT Solutions Private Limited, buy the company report.
Comprehensive company report
Vassar Labs IT Solutions Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Vassar Labs IT Solutions operates one associated brand: Vassarlabs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides platforms for water management, agriculture, and disaster monitoring. | vassarlabs.com |
Business activity
The main business activity of Vassar Labs IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Vassar Labs IT Solutions Private Limited, buy the company report.
Financials of Vassar Labs IT Solutions Private Limited
FY 2025 filings availableVassar Labs IT Solutions Private Limited reported revenue of ₹42.35 Cr (down 16% YoY) for FY 2024.
Revenue · FY 2024
₹42.35 Cr ▼ 16%
Net profit · FY 2024
₹2.28 Cr margin 5.4%
EBITDA · FY 2024
₹3.47 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 41%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 71%
3 years · compounded
▲ 60%
5 years · compounded
▲ 2%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 71% 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 |
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| EBITDA | ₹3.47 Cr | ||||
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| Net Profit (PAT) | ₹2.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 5.4% | ||||
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To see the full financial statements and ratios of Vassar Labs IT Solutions Private Limited, buy the company report.
Board of directors of Vassar Labs IT Solutions Private Limited
Vassar Labs IT Solutions has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Teja Potineni | Director | 19 Sep 2014 | 12 Years 1 Months | Current |
| Potineni Koteswara Rao Also directs: Pragathi Rail Private Limited, Vassar Digital Private Limited, Inkriti Solutions Private Limited and 5 more | Director | 19 Sep 2014 | 12 Years 1 Months | Current |
| Laxmiprasad Putta | Director | 19 Sep 2014 | 12 Years 1 Months | Current |
| Potineni Vindhya Rani Also directs: Pragathi Rail Private Limited, Vassar Digital Private Limited, Vindhya Agricultural Farms Private Limited and 5 more | Director | 19 Sep 2014 | 12 Years 1 Months | Current |
Auditor
Vassar Labs IT Solutions Private Limited is audited by SARATH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SARATH AND ASSOCIATES | FY 2023 | 005120S |
Shareholding
The shareholding of Vassar Labs IT Solutions 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vassar Labs IT Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.92 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2022 | 100643350 | Others | ₹30 Cr | Open | |
| 23 Jul 2020 | 100363332 | Others | ₹41.8 Lakh | Open | |
| 22 Sep 2015 | 10598477 | Axis Bank Limited | ₹1.5 Cr | Open |
To see the full charge records of Vassar Labs IT Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Vassar Labs IT Solutions 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 Vassar Labs IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vassar Labs IT Solutions Private Limited has a workforce of 63 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
Employee count
63
Active EPFO establishments
1
Employee growth
46.51%
GST
Vassar Labs IT Solutions has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAECV9057D1Z3 | Andhra Pradesh | Active | 01 Jul 2017 |
| 36AAECV9057D2Z4 | Telangana | Active | 04 Dec 2017 |
| 21AAECV9057D1ZG | Odisha | Active | 21 Nov 2019 |
To see the full GST registrations and return filing status of Vassar Labs IT Solutions Private Limited, buy the company report.
Recent activity
Vassar Labs IT Solutions Private Limited has 4 board changes on record since 2014: 4 appointments. The latest: Laxmiprasad Putta was appointed as Director on 19 Sep 2014.
AGM
Vassar Labs It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 3,000.00 Lakh registered on 26 Oct 2022 with Charge ID 100643350 was modified on 09 Sep 2025.
Filing
Vassar Labs It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada.
Charges
A charge with Others amounted to Rs. 3,000.00 Lakh with Charge ID 100643350 was registered on 26 Oct 2022.
Charges
A charge with Others amounted to Rs. 41.80 Lakh with Charge ID 100363332 was registered on 23 Jul 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 150.00 Lakh with Charge ID 10598477 was registered on 22 Sep 2015.
Appointed
Laxmiprasad Putta was appointed as Director.
Appointed
Potineni Koteswara Rao was appointed as Director.
Appointed
Potineni Vindhya Rani was appointed as Director.
Appointed
Teja Potineni was appointed as Director.
Incorporation
19 Sep 2014
Vassar Labs It Solutions Private Limited was registered on 19 Sep 2014 with Roc Vijayawada & aged 12 years 1 month as per MCA records.
Frequently asked questions
Vassar Labs IT Solutions is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 September 2014 (12+ years old) and is registered under CIN U72500AP2014PTC095357.
Vassar Labs IT Solutions has 4 current directors:
- Teja Potineni - Director
- Potineni Koteswara Rao - Director
- Laxmiprasad Putta - Director
- Potineni Vindhya Rani - Director
The latest financial statements of Vassar Labs IT Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vassar Labs IT Solutions is 37AAECV9057D1Z3, registered in Andhra Pradesh. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAECV9057D2Z4 (Telangana), 21AAECV9057D1ZG (Odisha).
The CIN (Corporate Identification Number) of Vassar Labs IT Solutions is U72500AP2014PTC095357. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vassar Labs IT Solutions was incorporated on 19 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
Laxmiprasad Putta was appointed as Director on 19 Sep 2014. Potineni Koteswara Rao was appointed as Director on 19 Sep 2014. Potineni Vindhya Rani was appointed as Director on 19 Sep 2014. Vassar Labs IT Solutions has 4 board changes on record in total.
Yes, Vassar Labs IT Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-AP-10-0003213).
Vassar Labs IT Solutions can be reached through the website vassarlabs.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Vassar Labs IT Solutions is at 50 – 96 – 128 T. P. T. Colony Seetammadhara Visakhapatnam, Andhra Pradesh, India – 530013.