About Wings2i IT Solutions Private Limited
Data last updated:
Wings2i IT Solutions 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 31 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2008PTC048761. Its GSTIN is 29AAACW8355K2ZO (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8 Lakh and a paid-up capital of ₹5.56 Lakh. It is led by directors including Vinod Kumar Agrasala (Managing Director) and Reena Ramachandran.
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 Dreams # 18 3rd E Cross 18th Main Btm Layout 2nd Stage, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.5 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹12.6 Lakh (net margin -2.8%) and EBITDA of -₹5.7 Lakh (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wings2i.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressDreams # 18 3rd E Cross 18th Main Btm Layout 2nd Stage, Bangalore, Karnataka, India – 560076
- 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 Wings2i IT Solutions Private Limited
The main business activity of Wings2i IT Solutions 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 Wings2i IT Solutions Private Limited FY 2024 filings available
Wings2i IT Solutions Private Limited reported revenue of ₹4.5 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Wings2i IT Solutions Private Limited
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 116% 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 Wings2i IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹5.7 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.6 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 Wings2i IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -2.8% | •••• | •••• | •••• | •••• |
| 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 Wings2i IT Solutions 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service 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 |
|---|---|---|---|---|---|---|
| Astra Data Services Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Hyderabad, Telangana, India |
| Wilbert Creations Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | 661.0% | •••• | Thane, Maharashtra, India |
| Inklude Global Services Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Durgesh Sound & Lighting Systems Private Limited | ₹4.5 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Indore, Madhya Pradesh, India |
| Paynx Technologies Private Limited | ₹4.5 Cr (FY 2023) | •••• | •••• | 64.0% | •••• | Mumbai, Maharashtra, India |
| Wings2i IT Solutions Private Limited this company | ₹4.5 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Bangalore, Karnataka, India |
| Dinan Research Services Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Altimetric Digital Private Limited | ₹4.49 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Balasore, Odisha, India |
| Huzer Consulting Private Limited | ₹4.49 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Hyderabad, Telangana, India |
| Ilivedaily Creations (OPC) Private Limited | ₹4.49 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Chennai, Tamil Nadu, India |
| Keroli Co-Operations Private Limited | ₹4.49 Cr (FY 2024) | •••• | •••• | 477.0% | •••• | Virar East, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Wings2i IT Solutions by revenue in the same principal business activity (Other information & communication service 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions Private Limited is audited by MAHESH V AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAHESH V AND ASSOCIATES | 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Agrasala Also directs: Wings2i Solutions and Services Private Limited | Managing Director | 31 Dec 2008 | 17 Years 9 Months | Current |
| Reena Ramachandran Also directs: Wings2i Solutions and Services Private Limited | Director | 31 Dec 2008 | 17 Years 9 Months | Current |
| Rajesh Vasudevan Nair | Director | 05 Mar 2019 | 7 Years 7 Months | Current |
| Kamireddy Reddy Praveenkumar Also directs: Wings2i Solutions and Services Private Limited | Director | 10 Mar 2014 | 12 Years 7 Months | Current |
Ownership and Shareholding of Wings2i IT Solutions 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 Wings2i IT Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Aug 2023 | Others | ₹50 Lakh | Open |
| 27 Mar 2013 | Icici Bank Limited | ₹25 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Wings2i IT Solutions Private Limited
Wings2i IT Solutions Private Limited has a workforce of 20 employees as of Apr 07, 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Rajesh Vasudevan Nair ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Wings2i IT Solutions 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 Wings2i IT Solutions 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 Wings2i IT Solutions 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW8355K2ZO | 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 Wings2i IT Solutions 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 Wings2i IT Solutions Private Limited
Wings2i IT Solutions 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 31 December 2008 (18+ years old) and is registered under CIN U72200KA2008PTC048761.
Wings2i IT Solutions reported revenue of ₹4.5 Cr for FY 2024 (down 10% YoY).
Wings2i IT Solutions has 4 current directors:
- Vinod Kumar Agrasala - Managing Director
- Reena Ramachandran - Director
- Rajesh Vasudevan Nair - Director
- Kamireddy Reddy Praveenkumar - Director
Wings2i IT Solutions reported a net loss of ₹12.6 Lakh (net margin -2.8%) and EBITDA of -₹5.7 Lakh (EBITDA margin -1.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wings2i IT Solutions is 6% over three years and 2% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wings2i IT Solutions is 29AAACW8355K2ZO, registered in Karnataka. 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 Wings2i IT Solutions is U72200KA2008PTC048761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wings2i IT Solutions was incorporated on 31 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wings2i IT Solutions by revenue are Astra Data Services Private Limited, Wilbert Creations Private Limited, Inklude Global Services Private Limited, Durgesh Sound & Lighting Systems Private Limited, Paynx Technologies Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Rajesh Vasudevan Nair ceased to be Additional Director on 30 Sep 2019. Rajesh Vasudevan Nair was appointed as Director on 05 Mar 2019. Kamireddy Reddy Praveenkumar was appointed as Director on 10 Mar 2014. Wings2i IT Solutions has 5 board changes on record in total.
Wings2i IT Solutions can be reached through the website wings2i.com. Its registered office is in Bangalore, Karnataka, India.