About Wellspring Software Labs Private Limited
Data last updated:
Wellspring Software Labs Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 08 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72100TN2011PTC081430. Its GSTIN is 33AABCW1170D2ZU (Tamil Nadu). 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 directors Satishkumar Rajalakshmi and Ramiahpillai Vadamalairaj.
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 No 5 2nd Floor Raja Garden Kottivakkam, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.6 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Lakh (net margin -27.8%) and EBITDA of -₹50,119 (EBITDA margin -10.9%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 47% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wellspring Software Labs. As per MCA filings, the company has open charges of ₹13.2 Lakh on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wellspringsl.com.
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- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 5 2nd Floor Raja Garden Kottivakkam, Chennai, Tamil Nadu, India – 600041
- IndustryInformation Technology, IT Consulting & Support Services
- 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 Wellspring Software Labs Private Limited
The main business activity of Wellspring Software Labs 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.
Financials of Wellspring Software Labs Private Limited FY 2023 filings available
Wellspring Software Labs Private Limited reported revenue of ₹4.6 Lakh (down 73% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Wellspring Software Labs Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 73% fall in the latest year. EBITDA rose 97% 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 of Wellspring Software Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹50,119 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.28 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 Wellspring Software Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -27.8% | •••• | •••• | •••• | •••• |
| 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 Wellspring Software Labs are in the company report.
Financial statements from 2015
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.
Peer Comparison of Wellspring Software Labs Private Limited
Wellspring Software Labs Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Achates Infocom Private Limited | ₹4.64 Lakh (FY 2025) | •••• | •••• | 164.0% | •••• | Delhi, India |
| Vikshakthi Pharma Labs Private Limited | ₹4.64 Lakh (FY 2025) | •••• | •••• | 17.0% | •••• | Mysore, Karnataka, India |
| Gurutaran Info Technologies Private Limited | ₹4.62 Lakh (FY 2025) | •••• | •••• | -14.0% | •••• | Delhi, India |
| RMSP Institution Private Limited | ₹4.62 Lakh (FY 2020) | •••• | •••• | 339.0% | •••• | Auraiya, Uttar Pradesh, India |
| Lakshra Software Technologies Private Limited | ₹4.6 Lakh (FY 2022) | •••• | •••• | 31.0% | •••• | Hyderabad, Telangana, India |
| Wellspring Software Labs Private Limited this company | ₹4.6 Lakh (FY 2023) | •••• | •••• | -73.0% | •••• | Chennai, Tamil Nadu, India |
| Cogentiz Solutions Private Limited | ₹4.58 Lakh (FY 2025) | •••• | •••• | -92.0% | •••• | Mumbai, Maharashtra, India |
| Wisekey India Private Limited | ₹4.55 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Right Today Technologies (OPC) Private Limited | ₹4.51 Lakh (FY 2022) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Idoc Software Private Limited | ₹4.51 Lakh (FY 2022) | •••• | •••• | 1.0% | •••• | Hyderabad, Telangana, India |
| Ins Engineering Tech Private Limited | ₹4.51 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Wellspring Software Labs by revenue in the Information Technology industry (IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Wellspring Software Labs Private Limited
Wellspring Software Labs Private Limited is audited by CHARLES & CHANDRASEKAR for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHARLES & CHANDRASEKAR | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Wellspring Software Labs Private Limited
Wellspring Software Labs has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satishkumar Rajalakshmi Also directs: Artium Fusion Studio Private Limited | Director | 08 Jul 2011 | 15 Years 3 Months | Current |
| Ramiahpillai Vadamalairaj Also directs: Artium Fusion Studio Private Limited | Director | 08 Jul 2011 | 15 Years 3 Months | Current |
Ownership and Shareholding of Wellspring Software Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wellspring Software Labs Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2016 | Hdfc Bank Limited | ₹13.2 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Wellspring Software Labs Private Limited
Wellspring Software Labs Private Limited has 9 court cases on record: 5 filed by Wellspring Software Labs, 4 filed against it. 3 cases are pending and 6 are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 4 | 3 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Dhani Loans and Services Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Fedbank Financial Services | Pending |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Wellspring Software Labs Private Limited
Wellspring Software Labs operates one associated brand: Wellspring Software Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides business intelligence dashboards for small and medium-sized businesses. | wellspringsl.com |
Employees and EPFO Compliance at Wellspring Software Labs Private Limited
Wellspring Software Labs Private Limited has a workforce of 11 employees as of Mar 29, 2024.
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.
Recent Activity on Wellspring Software Labs Private Limited
Wellspring Software Labs Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Ramiahpillai Vadamalairaj was appointed as Director on 08 Jul 2011.
Credit Ratings, Litigation & Regulatory Alerts for Wellspring Software Labs 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 Wellspring Software Labs 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 Wellspring Software Labs 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.
GST Compliance of Wellspring Software Labs Private Limited
Wellspring Software Labs has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCW1170D2ZU | Tamil Nadu | Active | 24 Oct 2018 |
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.
MCA Filings & Documents of Wellspring Software Labs 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.
Frequently Asked Questions about Wellspring Software Labs Private Limited
Wellspring Software Labs is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 08 July 2011 (15+ years old) and is registered under CIN U72100TN2011PTC081430.
Wellspring Software Labs reported revenue of ₹4.6 Lakh for FY 2023 (down 73% YoY).
Wellspring Software Labs has 2 current directors:
- Satishkumar Rajalakshmi - Director
- Ramiahpillai Vadamalairaj - Director
Wellspring Software Labs reported a net loss of ₹1.28 Lakh (net margin -27.8%) and EBITDA of -₹50,119 (EBITDA margin -10.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wellspring Software Labs is -74% over three years and -47% over five years. In the latest year (FY 2023) revenue fell 73%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wellspring Software Labs is 33AABCW1170D2ZU, registered in Tamil Nadu. 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 Wellspring Software Labs is U72100TN2011PTC081430. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wellspring Software Labs has 9 court cases on record: 5 filed by the company and 4 filed against it. 3 are pending.
Wellspring Software Labs was incorporated on 08 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Wellspring Software Labs by revenue are Achates Infocom Private Limited, Vikshakthi Pharma Labs Private Limited, Gurutaran Info Technologies Private Limited, RMSP Institution Private Limited, Lakshra Software Technologies Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Ramiahpillai Vadamalairaj was appointed as Director on 08 Jul 2011. Satishkumar Rajalakshmi was appointed as Director on 08 Jul 2011.