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Veriserve Technologies Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹36.38 Lakh
▲ 700% YoY
Net loss · FY 2023
₹5.65 Lakh
Net margin -15.5%
EBITDA · FY 2023
-₹5.57 Lakh
EBITDA margin -15.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Veriserve Technologies Private Limited
Data last updated:
Veriserve Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2021PTC151923. Its GSTIN is 36AAICV0924D1ZJ (Telangana).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kasinath Lakka and Rakesh Lakka.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 42 – 785/5 Andal Nagar Moulali, Hyderabad, Telangana, India – 500040.
As per the financials filed for FY 2023, the company reported a revenue of ₹36.38 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.65 Lakh (net margin -15.5%) and EBITDA of -₹5.57 Lakh (EBITDA margin -15.3%).
Veriserve Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0063884). For more details, the company can be reached via its website wefix.co.in.
Company details
CIN U72900TG2021PTC151923
Registration Number 151923
Incorporation Date 01 June 2021
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TS-02-0063884
Key People
Kasinath Lakka Director Rakesh Lakka Director Recognitions & Rankings of Veriserve Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-02-0063884
Contact details
Veriserve Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is wefix.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address42 – 785/5 Andal Nagar Moulali, Hyderabad, Telangana, India – 500040
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Veriserve Technologies Private Limited, buy the company report.
Comprehensive company report
Veriserve Technologies 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
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Business activity
The main business activity of Veriserve Technologies is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Veriserve Technologies Private Limited, buy the company report.
Financials of Veriserve Technologies Private Limited
FY 2023 filings availableVeriserve Technologies Private Limited reported revenue of ₹36.38 Lakh (up 700% YoY) for FY 2023.
Revenue · FY 2023
₹36.38 Lakh ▲ 700%
Net loss · FY 2023
₹5.65 Lakh margin -15.5%
EBITDA · FY 2023
-₹5.57 Lakh margin -15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 700%
EBITDA CAGR growth
1 year
▼ 860%
Revenue rose 700% in the latest year. EBITDA fell 860% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹36.38 Lakh | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹5.57 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹5.65 Lakh | |
| 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 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -15.3% | |
| Net Profit Margin | -15.5% | |
| 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 Veriserve Technologies Private Limited, buy the company report.
Board of directors of Veriserve Technologies Private Limited
Veriserve Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kasinath Lakka Also directs: Glocal Digital Private Limited | Director | 29 Jan 2022 | 4 Years 8 Months | Current |
| Rakesh Lakka Also directs: Servostab India Private Limited | Director | 01 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Veriserve Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nihira Pharma Private Limited | ₹36.42 Lakh (FY 2024) | -9.0% | Tukum, Maharashtra, India | |||
| Namma Foodtech India Private Limited | ₹36.4 Lakh (FY 2018) | 10.0% | Chennai, Tamil Nadu, India | |||
| Veristonn Sciences Private Limited | ₹36.39 Lakh (FY 2025) | 2024.0% | Bengaluru, Karnataka, India | |||
| Ruby Raang Studio Private Limited | ₹36.39 Lakh (FY 2025) | 3653.0% | Faridabad, Haryana, India | |||
| Hawkfirex Tech Private Limited | ₹36.39 Lakh (FY 2025) | -80.0% | Banswara, Rajasthan, India | |||
| Veriserve Technologies Private Limitedthis company | ₹36.38 Lakh (FY 2023) | -₹5.65 Lakh | -15.5% | 700.0% | Hyderabad, Telangana, India | |
| Heal Harbour Private Limited | ₹36.38 Lakh (FY 2024) | 22.0% | Rishikesh, Uttarakhand, India | |||
| Zoa Farm Private Limited | ₹36.37 Lakh (FY 2025) | -19.0% | Chennai, Tamil Nadu, India | |||
| Figure 99 Mega Mart Private Limited | ₹36.36 Lakh (FY 2025) | -89.0% | New Delhi, Delhi, India | |||
| Techcovery Infotech Private Limited | ₹36.36 Lakh (FY 2023) | -35.0% | Kolkata, West Bengal, India | |||
| Elated Butterfly Private Limited | ₹36.35 Lakh (FY 2024) | -4.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Veriserve Technologies Private Limited, buy the company report.
Auditor
Veriserve Technologies Private Limited is audited by UVRR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UVRR & ASSOCIATES | FY 2023 | 020690S |
Shareholding
The shareholding of Veriserve Technologies Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Veriserve Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Veriserve Technologies 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 Veriserve Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Veriserve Technologies Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Veriserve Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICV0924D1ZJ | Telangana | Active | 07 Dec 2021 |
To see the full GST registrations and return filing status of Veriserve Technologies Private Limited, buy the company report.
Recent activity
Veriserve Technologies Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Kasinath Lakka ceased to be Additional Director on 31 Dec 2022.
AGM
Veriserve Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Veriserve Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
Ceased
Kasinath Lakka ceased to be Additional Director.
Ceased
Ashutosh Uprety ceased to be Director.
Appointed
Kasinath Lakka was appointed as Director.
Appointed
Rakesh Lakka was appointed as Director.
Incorporation
01 Jun 2021
Veriserve Technologies Private Limited was registered on 01 Jun 2021 with Roc Hyderabad & aged 5 years 4 months as per MCA records.
Frequently asked questions
Veriserve Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 June 2021 (5+ years old) and is registered under CIN U72900TG2021PTC151923.
Veriserve Technologies has 2 current directors:
- Kasinath Lakka - Director
- Rakesh Lakka - Director
The latest financial statements of Veriserve Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Veriserve Technologies is 36AAICV0924D1ZJ, registered in Telangana.
The CIN (Corporate Identification Number) of Veriserve Technologies is U72900TG2021PTC151923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veriserve Technologies was incorporated on 01 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Veriserve Technologies by revenue are Nihira Pharma Private Limited, Namma Foodtech India Private Limited, Veristonn Sciences Private Limited, Ruby Raang Studio Private Limited, Hawkfirex Tech Private Limited and 5 more, all in the same principal business activity (retail trading).
Kasinath Lakka ceased to be Additional Director on 31 Dec 2022. Ashutosh Uprety ceased to be Director on 29 Jan 2022. Kasinath Lakka was appointed as Director on 29 Jan 2022. Veriserve Technologies has 4 board changes on record in total.
Yes, Veriserve Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Veriserve Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-02-0063884).
Veriserve Technologies can be reached through the website wefix.co.in. Its registered office is in Hyderabad, Telangana, India.