Wegsoft Technologies Private Limited
About Wegsoft Technologies Private Limited
Data last updated:
Wegsoft Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 01 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2022PTC157340.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.01 Lakh. It is led by directors including Bhaskar Viswanathayya Baile and Dhiraj Kumar Nallapeta Surya Prakash.
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 Flat No – 701 Sterling Terraces Apartments 5th Block Ring Road Bsk 3rd Stage, Bengaluru, Karnataka, India – 560085.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.21 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹33.23 Lakh and EBITDA of -₹33.16 Lakh.
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- Registered AddressFlat No – 701 Sterling Terraces Apartments 5th Block Ring Road Bsk 3rd Stage, Bengaluru, Karnataka, India – 560085
- IndustryInformation Technology, Other Computer Related Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Wegsoft Technologies Private Limited
The main business activity of Wegsoft Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Wegsoft Technologies Private Limited
Wegsoft Technologies has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskar Viswanathayya Baile Also directs: Vengat Hospitality Private Limited | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Dhiraj Kumar Nallapeta Surya Prakash Also directs: Genext Entertainment Arena LLP, Cartesy Automotive Private Limited, Damn Innovative Private Limited and 3 more | Director | 25 Mar 2024 | 2 Years 6 Months | Current |
| Laura Rajesh Mittal | Director | 12 Mar 2022 | 4 Years 6 Months | Current |
| Bakhai Nerall | Director | 25 Mar 2024 | 2 Years 6 Months | Current |
| Vinayaka Sakya Sundar Sandilya Also directs: Bhoral LLP | Director | 20 Feb 2023 | 3 Years 7 Months | Current |
Financials of Wegsoft Technologies Private Limited FY 2024 filings available
Wegsoft Technologies Private Limited reported revenue of ₹5.21 Lakh (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Wegsoft Technologies Private Limited
Revenue fell 35% in the latest year. EBITDA rose 22% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Wegsoft Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹33.16 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹33.23 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 of Wegsoft Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Wegsoft Technologies are in the company report.
Financial statements from FY 2022
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wegsoft Technologies Private Limited
Wegsoft Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wegsoft Technologies Private Limited
Employment history and EPFO contributions of people linked to Wegsoft Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Wegsoft Technologies Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Wegsoft Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Wegsoft Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wegsoft Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Wegsoft Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Wegsoft Technologies Private Limited
Frequently Asked Questions about Wegsoft Technologies Private Limited
Wegsoft Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 01 February 2022 (4+ years old) and is registered under CIN U72900KA2022PTC157340.
Wegsoft Technologies reported revenue of ₹5.21 Lakh for FY 2024 (down 35% YoY).
Wegsoft Technologies has 5 current directors:
- Bhaskar Viswanathayya Baile - Director
- Dhiraj Kumar Nallapeta Surya Prakash - Director
- Laura Rajesh Mittal - Director
- Bakhai Nerall - Director
- Vinayaka Sakya Sundar Sandilya - Director
Wegsoft Technologies reported a net loss of ₹33.23 Lakh and EBITDA of -₹33.16 Lakh for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Wegsoft Technologies is U72900KA2022PTC157340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wegsoft Technologies was incorporated on 01 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The registered office of Wegsoft Technologies is at Flat No – 701 Sterling Terraces Apartments 5th Block Ring Road Bsk 3rd Stage, Bengaluru, Karnataka, India – 560085.
Wegsoft Technologies has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.01 Lakh.
Wegsoft Technologies operates in the information technology industry, in the other computer related activities segment.