About Velasrisa IT Solutions Private Limited
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Velasrisa IT Solutions Private Limited is a private limited company based in Hinjewadi, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2009PTC135219. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.5 Lakh. It was formerly known as Lobaan Softwares Private Limited. It is led by directors including Srimannarayana Murthy Manga and Venkata Satya Laxmi Pathiraju Mudunuri.
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 Plot No 30 Tech Center Rajiv Gandhi Info Tech Park, Hinjewadi, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.2 Lakh, a growth of 133% compared to the previous year. For the same year it recorded a net loss of ₹56,000 (net margin -13.3%) and EBITDA of -₹56,000 (EBITDA margin -13.3%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lobaansoftwares.in.
Company details
Contact details
Velasrisa IT Solutions Private Limited's registered office is in Hinjewadi, Maharashtra. Its website is lobaansoftwares.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 30 Tech Center Rajiv Gandhi Info Tech Park MIDC Phase, 1, Hinjewadi, Maharashtra, India – 411057
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Velasrisa IT Solutions 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
Business activity
The main business activity of Velasrisa IT Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Velasrisa IT Solutions Private Limited, buy the company report.
Financials of Velasrisa IT Solutions Private Limited
FY 2024 filings availableVelasrisa IT Solutions Private Limited reported revenue of ₹4.2 Lakh (up 133% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 70% over three years, including 133% growth in the latest year. EBITDA fell 600% 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 | -₹56,000 | ||||
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| Net Profit (PAT) | -₹56,000 | ||||
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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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| EBITDA Margin | -13.3% | ||||
| Net Profit Margin | -13.3% | ||||
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To see the full financial statements and ratios of Velasrisa IT Solutions Private Limited, buy the company report.
Board of directors of Velasrisa IT Solutions Private Limited
Velasrisa IT Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srimannarayana Murthy Manga | Director | 06 May 2025 | 1 Years 5 Months | Current |
| Venkata Satya Laxmi Pathiraju Mudunuri | Director | 30 May 2025 | 1 Years 4 Months | Current |
| Praneeth Varma Dandu | Director | 21 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Velasrisa IT Solutions Private Limited is audited by GANDHI MEHTA AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GANDHI MEHTA AND ASSOCIATES | FY 2017 | S44660140 |
Shareholding
The shareholding of Velasrisa IT Solutions Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Velasrisa IT Solutions Private Limited, buy the company report.
Legal cases
Velasrisa IT Solutions Private Limited has 1 court case on record: 1 filed by Velasrisa IT Solutions. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against Employees State Insurance Corporation and Another | Disposed |
To see the full case history of Velasrisa IT Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Velasrisa IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Velasrisa IT Solutions Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Velasrisa IT Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Velasrisa IT Solutions Private Limited, buy the company report.
Recent activity
Velasrisa IT Solutions Private Limited has 11 board changes on record since 2013: 5 appointments and 6 cessations. The latest: Praneeth Varma Dandu was appointed as Director on 21 Aug 2025.
2 earlier events are in the company report.
Frequently asked questions
Velasrisa IT Solutions is an active private limited company based in Hinjewadi, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 December 2009 (17+ years old) and is registered under CIN U72200PN2009PTC135219.
Velasrisa IT Solutions has 3 current directors:
- Srimannarayana Murthy Manga - Director
- Venkata Satya Laxmi Pathiraju Mudunuri - Director
- Praneeth Varma Dandu - Director
The latest financial statements of Velasrisa IT Solutions 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.
No. Velasrisa IT Solutions has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Velasrisa IT Solutions is U72200PN2009PTC135219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velasrisa IT Solutions has 1 court case on record: 1 filed by the company.
Velasrisa IT Solutions was incorporated on 24 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
Praneeth Varma Dandu was appointed as Director on 21 Aug 2025. Venkata Satya Laxmi Pathiraju Mudunuri was appointed as Director on 30 May 2025. Srimannarayana Murthy Manga was appointed as Director on 06 May 2025. Velasrisa IT Solutions has 11 board changes on record in total.
Velasrisa IT Solutions can be reached through the website lobaansoftwares.in. Its registered office is in Hinjewadi, Maharashtra, India.
The registered office of Velasrisa IT Solutions is at Plot No 30 Tech Center Rajiv Gandhi Info Tech Park MIDC Phase, 1, Hinjewadi, Maharashtra, India – 411057.