About Wep Digital Services Limited
Data last updated:
Wep Digital Services Limited was a public limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Wep Solutions Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 May 2015.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PLC080570. Its GSTIN is 29AADCE9940P1ZT (Karnataka).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.81 Cr. It was formerly known as Wep Digital Services Private Limited and Wep Dbs Private Limited. It was led by directors including Sanjeev Arora (Managing Director) and Grama Hiriyannaiah Visweswara.
Its last annual general meeting (AGM) was held on 30 August 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 40/1 A First Floor Basappa Complex Lavelle Road Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.4 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹64.66 Lakh (net margin -26.9%) and EBITDA of -₹52.17 Lakh (EBITDA margin -21.7%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 32% over five years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.8 Cr; the latest was in September 2018. Its 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Incalus Management India Private Limited with revenue of ₹2.41 Cr.
The last known website on record is wepdigital.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address40/1 A First Floor Basappa Complex Lavelle Road Bangalore, Karnataka, India – 560001
- 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 Wep Digital Services Limited
The main business activity of Wep Digital Services is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Wep Digital Services Limited FY 2021 filings available
Wep Digital Services Limited reported revenue of ₹2.4 Cr (down 15% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Wep Digital Services Limited
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA rose 20% 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 Wep Digital Services Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹2.4 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹52.17 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹64.66 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 Wep Digital Services Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -21.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -26.9% | •••• | •••• | •••• | •••• |
| 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 Wep Digital Services are in the company report.
Financial statements from FY 2016
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 Wep Digital Services Limited
Wep Digital Services Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incalus Management India Private Limited | ₹2.41 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Mumbai, Maharashtra, India |
| Augmentiq Data Sciences Private Limited | ₹2.4 Cr (FY 2016) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Escape System Consultants Pvt Ltd | ₹2.4 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Brownarc Enterprises Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Coimbatore, Tamil Nadu, India |
| Sahaj Infotech Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Delhi, India |
| Wep Digital Services Limited this company | ₹2.4 Cr (FY 2021) | •••• | •••• | -15.0% | •••• | Bangalore, Karnataka, India |
| Mist Ventures Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Thiruvananthapuram, Kerala, India |
| Enkompas Network Solutions Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mysore, Karnataka, India |
| Intouch Consumer Care Solutions Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Pune, Maharashtra, India |
| Lineup Solution Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Jaipur, Rajasthan, India |
| Buzzart Software Private Limited | ₹2.4 Cr (FY 2025) | •••• | •••• | -56.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Wep Digital Services by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Wep Digital Services Limited
Wep Digital Services Limited is audited by N M RAIJI & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N M RAIJI & CO | 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 Wep Digital Services Limited
Wep Digital Services has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Grama Hiriyannaiah Visweswara Also directs: Wep Solutions Limited | Director | 07 Mar 2017 | 9 Years 7 Months | As last reported |
| Ayyagari Lakshmanarao | Director | 27 May 2017 | 9 Years 4 Months | As last reported |
| Sandeep Kumar Goyal | Director | 04 May 2019 | 7 Years 5 Months | As last reported |
| Mythily Ramesh Also directs: KBL Services Limited, Nextwealth Entrepreneurs Private Limited | Director | 27 May 2017 | 9 Years 4 Months | As last reported |
| Suresh Chandra Senapaty Also directs: Wipro Enterprises Private Limited, Best Value Chem Private Limited, Wipro Ge Healthcare Private Limited and 1 more | Director | 27 May 2017 | 9 Years 4 Months | As last reported |
| Sanjeev Arora Also directs: Fractional Cmo Partners LLP | Managing Director | 04 May 2019 | 7 Years 5 Months | As last reported |
Ownership and Shareholding of Wep Digital Services 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 Wep Digital Services Limited
Wep Digital Services Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Wep Digital Services Limited
Wep Digital Services Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹4.8 Cr; the latest was in September 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Rights issue | ₹3 Cr | Investors: Wep Solutions Limited |
| May 2017 | Funding round | ₹4 Cr | Investors: Wep Solutions Limited |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: Wep Solutions Limited , Wep Solutions Limited & Deepak A Chari Seller: eDocuman Solutions Private Limited, 2 individuals |
| Jul 2015 | Funding round | ₹80 Lakh | Investors: eDocuman Solutions Private Limited |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Wep Digital Services Limited
Wep Digital Services Limited has a workforce of 10 employees as of Apr 06, 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.
Name History of Wep Digital Services Limited
Wep Digital Services has undergone 3 name changes throughout its history. The company was previously known as Wep Digital Services Private Limited, Wep Dbs Private Limited, and Erm Solutions Private Limited. The current legal name is Wep Digital Services Limited.
| Company Name | Status |
|---|---|
| Wep Digital Services Limited | Current |
| Wep Digital Services Private Limited | Previous |
| Wep Dbs Private Limited | Previous |
| Erm Solutions Private Limited | Previous |
CIN History of Wep Digital Services Limited
Wep Digital Services has one previous CIN (Corporate Identification Number): U74900KA2015PTC080570. The current CIN is U74900KA2015PLC080570, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900KA2015PLC080570 | Current |
| U74900KA2015PTC080570 | Previous |
Recent Activity on Wep Digital Services Limited
Wep Digital Services Limited has 13 board changes on record since 2015: 6 appointments and 7 cessations. The latest: Sandeep Kumar Goyal ceased to be Additional Director on 10 Aug 2019.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Wep Digital Services 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 Wep Digital Services 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 Wep Digital Services 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 Wep Digital Services Limited
Wep Digital Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE9940P1ZT | Karnataka | Active | 01 Jul 2017 |
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 Wep Digital Services 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 Wep Digital Services Limited
Wep Digital Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Wep Digital Services was a public limited company based in Bangalore, Karnataka, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 28 May 2015 and is registered under CIN U74900KA2015PLC080570. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Wep Digital Services was incorporated on 28 May 2015. It is registered with the Registrar of Companies, Bangalore.
Wep Digital Services had 6 directors:
- Sanjeev Arora - Managing Director
- Grama Hiriyannaiah Visweswara - Director
- Ayyagari Lakshmanarao - Director
- Sandeep Kumar Goyal - Director
- Mythily Ramesh - Director
- Suresh Chandra Senapaty - Director
The CIN (Corporate Identification Number) of Wep Digital Services is U74900KA2015PLC080570. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Wep Digital Services is at 401 A First Floor Basappa Complex Lavelle Road Bangalore, Karnataka, India – 560001.
Wep Digital Services can be reached through the website wepdigital.com. Its registered office is in Bangalore, Karnataka, India.
Wep Digital Services reported revenue of ₹2.4 Cr for FY 2021 (down 15% YoY).
Wep Digital Services has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.81 Cr.
Wep Digital Services reported a net loss of ₹64.66 Lakh (net margin -26.9%) and EBITDA of -₹52.17 Lakh (EBITDA margin -21.7%) for FY 2021, as per its filed financial statements.
The GSTIN of Wep Digital Services is 29AADCE9940P1ZT, registered in Karnataka.