Whynot Innovations Private Limited
About Whynot Innovations Private Limited
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Whynot Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC070707. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashok Yaraganal Sitaram (Managing Director) and Roshan Salian Bajpe.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.69 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹1.87 Lakh (net margin -50.8%) and EBITDA of ₹8,747 (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 31% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo – 233 Chandralokheights 12 Thacross 1 Stamainroad 2 Ndstage Wocroad Ra, Jajinagar, Bangalore, Karnataka, India – 560086
- 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 Whynot Innovations Private Limited
The main business activity of Whynot Innovations is information and communication. In detail, this covers computer programming, consultancy and related activities.
| 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 |
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 Whynot Innovations Private Limited FY 2020 filings available
Whynot Innovations Private Limited reported revenue of ₹3.69 Lakh (down 69% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Whynot Innovations Private Limited
Revenue fell 69% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA rose 118% 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 Whynot Innovations Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.69 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹8,747 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.87 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 Whynot Innovations Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -50.8% | •••• | •••• | •••• | •••• |
| 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 Whynot Innovations 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 Whynot Innovations Private Limited
Whynot Innovations 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 |
|---|---|---|---|---|---|---|
| Kaverigreens Infratech Private Limited | ₹3.72 Lakh (FY 2024) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Digitalfry Ventures Private Limited | ₹3.71 Lakh (FY 2021) | •••• | •••• | 862437.0% | •••• | Delhi, India |
| Mindsphere IT Solutions Private Limited | ₹3.71 Lakh (FY 2018) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Bahubali Distributors Private Limited | ₹3.7 Lakh (FY 2024) | •••• | •••• | -40.0% | •••• | Kolkata, West Bengal, India |
| Dixit Global Tech IT Solutions Private Limited | ₹3.69 Lakh (FY 2025) | •••• | •••• | 38.0% | •••• | Bangalore, Karnataka, India |
| Whynot Innovations Private Limited this company | ₹3.69 Lakh (FY 2020) | •••• | •••• | -69.0% | •••• | Bangalore, Karnataka, India |
| Oyaa Information Technologies Private Limited | ₹3.68 Lakh (FY 2024) | •••• | •••• | -84.0% | •••• | Udaipur, Rajasthan, India |
| Hoelun Technologies Private Limited | ₹3.67 Lakh (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Robin IT Solutions Private Limited | ₹3.66 Lakh (FY 2025) | •••• | •••• | -78.0% | •••• | New Delhi, Delhi, India |
| Boostabrain Technologies Private Limited | ₹3.65 Lakh (FY 2018) | •••• | •••• | •••• | Sagarpur, Delhi, India | |
| Lendex Technology Private Limited | ₹3.64 Lakh (FY 2025) | •••• | •••• | •••• | Mohammadabad Gohana, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Whynot Innovations 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 Whynot Innovations Private Limited
Whynot Innovations Private Limited is audited by S R BHAT & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R BHAT & 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 Whynot Innovations Private Limited
Whynot Innovations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Roshan Salian Bajpe | Director | 27 Aug 2013 | 13 Years 1 Months | Current |
| Ashok Yaraganal Sitaram Also directs: Grow2grow Private Limited | Managing Director | 27 Aug 2013 | 13 Years 1 Months | Current |
| Dipthi Aashok | Director | 27 Aug 2013 | 13 Years 1 Months | Current |
Ownership and Shareholding of Whynot Innovations 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 Whynot Innovations Private Limited
Whynot Innovations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Whynot Innovations Private Limited
Employment history and EPFO contributions of people linked to Whynot Innovations.
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 Whynot Innovations Private Limited
Whynot Innovations Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Ashok Yaraganal Sitaram ceased to be Director on 01 Jun 2015.
Credit Ratings, Litigation & Regulatory Alerts for Whynot Innovations 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 Whynot Innovations 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 Whynot Innovations 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 Whynot Innovations Private Limited
Whynot Innovations has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Whynot Innovations 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 Whynot Innovations Private Limited
Whynot Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 27 August 2013 (13+ years old) and is registered under CIN U72200KA2013PTC070707.
Whynot Innovations reported revenue of ₹3.69 Lakh for FY 2020 (down 69% YoY).
Whynot Innovations has 3 current directors:
- Ashok Yaraganal Sitaram - Managing Director
- Roshan Salian Bajpe - Director
- Dipthi Aashok - Director
Whynot Innovations reported a net loss of ₹1.87 Lakh (net margin -50.8%) and EBITDA of ₹8,747 (EBITDA margin 2.4%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Whynot Innovations is -59% over three years and 31% over five years. In the latest year (FY 2020) revenue fell 69%. CAGR is the steady yearly rate that links the first and the last year.
No. Whynot Innovations has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Whynot Innovations is U72200KA2013PTC070707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Whynot Innovations was incorporated on 27 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Whynot Innovations by revenue are Kaverigreens Infratech Private Limited, Digitalfry Ventures Private Limited, Mindsphere IT Solutions Private Limited, Bahubali Distributors Private Limited, Dixit Global Tech IT Solutions Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Ashok Yaraganal Sitaram ceased to be Director on 01 Jun 2015. Ashok Yaraganal Sitaram was appointed as Managing Director on 27 Aug 2013. Dipthi Aashok was appointed as Director on 27 Aug 2013. Whynot Innovations has 4 board changes on record in total.
The registered office of Whynot Innovations is at No – 233 Chandralokheights 12 Thacross 1 Stamainroad 2 Ndstage Wocroad Ra, Jajinagar, Bangalore, Karnataka, India – 560086.