MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0005412
Vsiri Innovative Labs Private Limited - information technology in Basaveshwarnagar, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.6 Cr
▼ 45% YoY
Net loss · FY 2025
₹26.78 Lakh
Net margin -16.8%
EBITDA · FY 2025
-₹24.77 Lakh
EBITDA margin -15.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Vsiri Innovative Labs Private Limited
Data last updated:
Vsiri Innovative Labs Private Limited is a private limited company based in Basaveshwarnagar, Karnataka, India. It operates in the enterprise resource planning (ERP) solutions segment of the technology and IT services sector. It was incorporated on 20 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72501KA2018PTC114923. Its GSTIN is 29AAGCV5156K2ZQ (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chikkamariyaiah Basavaraju and Basavaraju Chandrasena.
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 No – 247 Ews 4th Main 1st Stage 0, Basaveshwarnagar, Karnataka, India – 560079.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.6 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹26.78 Lakh (net margin -16.8%) and EBITDA of -₹24.77 Lakh (EBITDA margin -15.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 7% over five years.
The company is associated with 1 brand: Vsiri.
Vsiri Innovative Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0005412). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsirilabs.com.
Company details
CIN U72501KA2018PTC114923
Registration Number 114923
Incorporation Date 20 July 2018
ROC Bangalore
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 Micro
Udyam Registration UDYAM-KR-03-0005412
Recognitions & Rankings of Vsiri Innovative Labs
Contact details
Vsiri Innovative Labs Private Limited's registered office is in Basaveshwarnagar, Karnataka. Its website is vsirilabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo – 247 Ews 4th Main 1st Stage 0, Basaveshwarnagar, Karnataka, India – 560079
- IndustryInformation Technology, Enterprise Resource Planning (ERP) Solutions
To see the full contact details of Vsiri Innovative Labs Private Limited, buy the company report.
Comprehensive company report
Vsiri Innovative Labs 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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Brands
Vsiri Innovative Labs operates one associated brand: Vsiri. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive SAP consulting services and solutions for businesses. | vsirilabs.com |
Business activity
The main business activity of Vsiri Innovative Labs 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 | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Vsiri Innovative Labs Private Limited, buy the company report.
Financials of Vsiri Innovative Labs Private Limited
FY 2025 filings availableVsiri Innovative Labs Private Limited reported revenue of ₹1.6 Cr (down 45% YoY) for FY 2025.
Revenue · FY 2025
₹1.6 Cr ▼ 45%
Net loss · FY 2025
₹26.78 Lakh margin -16.8%
EBITDA · FY 2025
-₹24.77 Lakh margin -15.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▲ 24%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 176%
3 years · compounded
▲ 30%
5 years · compounded
▼ 33%
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 176% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹24.77 Lakh | ||||
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| Net Profit (PAT) | -₹26.78 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -15.5% | ||||
| Net Profit Margin | -16.8% | ||||
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To see the full financial statements and ratios of Vsiri Innovative Labs Private Limited, buy the company report.
Board of directors of Vsiri Innovative Labs Private Limited
Vsiri Innovative Labs has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chikkamariyaiah Basavaraju | Director | 20 Jul 2018 | 8 Years 3 Months | Current |
| Basavaraju Chandrasena | Director | 19 Oct 2023 | 3 Years 0 Months | Current |
Auditor
Vsiri Innovative Labs Private Limited is audited by OM PRAKASH RATHI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| OM PRAKASH RATHI & CO | FY 2023 | 017229N |
Shareholding
The shareholding of Vsiri Innovative Labs 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vsiri Innovative Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Vsiri Innovative 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 Vsiri Innovative Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vsiri Innovative Labs has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCV5156K2ZQ | Karnataka | Active | 08 Feb 2022 |
To see the full GST registrations and return filing status of Vsiri Innovative Labs Private Limited, buy the company report.
Recent activity
Vsiri Innovative Labs Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Basavaraju Chandrasena was appointed as Director on 19 Oct 2023.
AGM
Vsiri Innovative Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vsiri Innovative Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Basavaraju Chandrasena was appointed as Director.
Ceased
Vinayak Konnur Ishwar ceased to be Director.
Appointed
Chikkamariyaiah Basavaraju was appointed as Director.
Incorporation
20 Jul 2018
Vsiri Innovative Labs Private Limited was registered on 20 Jul 2018 with Roc Bangalore & aged 8 years 3 months as per MCA records.
Frequently asked questions
Vsiri Innovative Labs is an active private limited company based in Basaveshwarnagar, Karnataka, India. The company works in enterprise resource planning (erp) solutions, within the information technology industry. It was incorporated on 20 July 2018 (8+ years old) and is registered under CIN U72501KA2018PTC114923.
Vsiri Innovative Labs has 2 current directors:
- Chikkamariyaiah Basavaraju - Director
- Basavaraju Chandrasena - Director
The latest financial statements of Vsiri Innovative Labs 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 FY 2019 are in the company report.
The GSTIN of Vsiri Innovative Labs is 29AAGCV5156K2ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vsiri Innovative Labs is U72501KA2018PTC114923. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vsiri Innovative Labs was incorporated on 20 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Basavaraju Chandrasena was appointed as Director on 19 Oct 2023. Vinayak Konnur Ishwar ceased to be Director on 19 Oct 2023. Chikkamariyaiah Basavaraju was appointed as Director on 20 Jul 2018.
Yes, Vsiri Innovative Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0005412).
Vsiri Innovative Labs can be reached through the website vsirilabs.com. Its registered office is in Basaveshwarnagar, Karnataka, India.
The registered office of Vsiri Innovative Labs is at No – 247 Ews 4th Main 1st Stage 0, Basaveshwarnagar, Karnataka, India – 560079.
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