About Wesource Business Solutions Private Limited
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Wesource Business Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 23 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC131874. Its GSTIN is 29AACCW5975H1ZQ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abhay Shekar and Neena Mittal.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.56 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹7.61 Lakh (net margin 0.6%) and EBITDA of ₹53.64 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company has about 97 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wesource.
For more details, the company can be reached via its website wesource.co.in.
Company details
Contact details
Wesource Business Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is wesource.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#2 5th Floor 4th G Venus Hebron, Main Road, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Wesource Business Solutions 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
Wesource Business Solutions operates one associated brand: Wesource. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces performance tyres for passenger, SUV, racing, and van vehicles. | wesource.co.in |
Business activity
The main business activity of Wesource Business Solutions 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 | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Wesource Business Solutions Private Limited, buy the company report.
Financials of Wesource Business Solutions Private Limited
FY 2025 filings availableWesource Business Solutions Private Limited reported revenue of ₹13.56 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years, including 35% growth in the latest year. EBITDA fell 16% 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 | ₹53.64 Lakh | ||||
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| Net Profit (PAT) | ₹7.61 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 | 4% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Wesource Business Solutions Private Limited, buy the company report.
Board of directors of Wesource Business Solutions Private Limited
Wesource Business Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhay Shekar Also directs: Kshipra Info Services Private Limited | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Neena Mittal | Director | 23 Jan 2020 | 6 Years 8 Months | Current |
Peer comparison
Wesource Business Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sutisoft Private Limited | ₹13.67 Cr (FY 2024) | 6.0% | Hyderabad, Telangana, India | |||
| Rkit Software Private Limited | ₹13.57 Cr (FY 2024) | 24.0% | Rajkot, Gujarat, India | |||
| Wesource Business Solutions Private Limitedthis company | ₹13.56 Cr (FY 2025) | ₹7.61 Lakh | 0.6% | 35.0% | 97 | Bangalore, Karnataka, India |
| Metasys Software Private Limited | ₹13.54 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Liveramp India Private Limited | ₹13.49 Cr (FY 2025) | 185.0% | Delhi, India | |||
| CRS Global Services Private Limited | ₹13.48 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Wesource Business Solutions Private Limited, buy the company report.
Auditor
Wesource Business Solutions Private Limited is audited by K S SATHYANARAYANA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S SATHYANARAYANA AND CO | FY 2023 | 008999S |
Shareholding
The shareholding of Wesource Business Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Wesource Business Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wesource Business Solutions 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 Wesource Business Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wesource Business Solutions Private Limited has a workforce of 97 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Wesource Business Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCW5975H1ZQ | Karnataka | Active | 26 Feb 2020 |
To see the full GST registrations and return filing status of Wesource Business Solutions Private Limited, buy the company report.
Recent activity
Wesource Business Solutions Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Abhay Shekar ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Wesource Business Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 23 January 2020 (6+ years old) and is registered under CIN U72900KA2020PTC131874.
Wesource Business Solutions has 2 current directors:
- Abhay Shekar - Director
- Neena Mittal - Director
The latest financial statements of Wesource Business Solutions 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 2020 are in the company report.
The GSTIN of Wesource Business Solutions is 29AACCW5975H1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Wesource Business Solutions is U72900KA2020PTC131874. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wesource Business Solutions was incorporated on 23 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wesource Business Solutions by revenue are Sutisoft Private Limited, Rkit Software Private Limited, Metasys Software Private Limited, Liveramp India Private Limited, CRS Global Services Private Limited, all in the Information Technology industry (Software Services), with the same principal business activity (computer programming, consultancy and related activities).
Abhay Shekar ceased to be Additional Director on 30 Nov 2021. Abhay Shekar was appointed as Director on 09 Mar 2021. Lokesh Kandala Madhusudhan ceased to be Director on 09 Mar 2021. Wesource Business Solutions has 4 board changes on record in total.
Wesource Business Solutions can be reached through the website wesource.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Wesource Business Solutions is at #2 5th Floor 4th G Venus Hebron, Main Road, Bangalore, Karnataka, India – 560043.
Wesource Business Solutions operates in the information technology industry, in the software development and support services segment.