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About Weft Technologies (OPC) Private Limited
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Weft Technologies (OPC) Private Limited is a one person company based in Koratty, Kerala, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 10 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2018OPC052844. Its GSTIN is 32AACCW1872H2ZE (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by director Nidhin Ravi.
Its latest financial statements are for the year ended 31 March 2022. The registered office is at 65 Elavanaparambil House Pulikkakadavu Road Po Cheruvaloor, Koratty, Kerala, India – 680321.
As per the financials filed for FY 2022, the company reported a revenue of ₹95.57 Lakh, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹38.01 Lakh (net margin -39.8%) and EBITDA of -₹32.04 Lakh (EBITDA margin -33.5%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Weft Technologies. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
For more details, the company can be reached via its website wefttechnologies.com.
Company details
Contact details
Weft Technologies (OPC) Private Limited's registered office is in Koratty, Kerala. Its website is wefttechnologies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address65 Elavanaparambil House Pulikkakadavu Road Po Cheruvaloor, Koratty, Kerala, India – 680321
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Weft Technologies (OPC) 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
Weft Technologies operates one associated brand: Weft Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Creates innovative custom software, web, and mobile applications. | wefttechnologies.com |
Business activity
The main business activity of Weft Technologies 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 Weft Technologies (OPC) Private Limited, buy the company report.
Financials of Weft Technologies (OPC) Private Limited
FY 2022 filings availableWeft Technologies (OPC) Private Limited reported revenue of ₹95.57 Lakh (up 45% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 81% over three years, including 45% growth in the latest year. EBITDA fell 375% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹95.57 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
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| Finance Costs | ||||
| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹32.04 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹38.01 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -33.5% | |||
| Net Profit Margin | -39.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Weft Technologies (OPC) Private Limited, buy the company report.
Board of directors of Weft Technologies (OPC) Private Limited
Weft Technologies has 1 director on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nidhin Ravi | Director | 10 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Weft Technologies (OPC) Private Limited is audited by RAO & EMMAR for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & EMMAR | FY 2021 | 003084S |
Shareholding
The shareholding of Weft Technologies (OPC) Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Weft Technologies (OPC) Private Limited, buy the company report.
Legal cases
Weft Technologies (OPC) Private Limited has 3 court cases on record: 1 filed by Weft Technologies, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by Infocom Software Pvt.Ltd. | Disposed |
| High Court of Kerala | Appeal | Filed against the company by Infocom Software Pvt. Ltd. | Disposed |
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against M/S Smart City (Kochi) Infrastructure Pvt. Ltd | Disposed |
To see the full case history of Weft Technologies (OPC) 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 Weft Technologies (OPC) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Weft Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCW1872H2ZE | Kerala | Active | 01 Aug 2018 |
To see the full GST registrations and return filing status of Weft Technologies (OPC) Private Limited, buy the company report.
Recent activity
Weft Technologies (OPC) Private Limited has 1 board change on record since 2018: 1 appointment. The latest: Nidhin Ravi was appointed as Director on 10 Apr 2018.
Frequently asked questions
Weft Technologies is an active company based in Koratty, Kerala, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 10 April 2018 (8+ years old) and is registered under CIN U72900KL2018OPC052844.
Weft Technologies has 1 current director:
- Nidhin Ravi - Director
The latest financial statements of Weft Technologies on record with the MCA are for the year ended 31 March 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Weft Technologies is 32AACCW1872H2ZE, registered in Kerala. 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 Weft Technologies is U72900KL2018OPC052844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Weft Technologies has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the high courts.
Weft Technologies was incorporated on 10 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ernakulam.
Nidhin Ravi was appointed as Director on 10 Apr 2018.
Weft Technologies can be reached through the website wefttechnologies.com. Its registered office is in Koratty, Kerala, India.
The registered office of Weft Technologies is at 65 Elavanaparambil House Pulikkakadavu Road Po Cheruvaloor, Koratty, Kerala, India – 680321.