About Wipadika Innovations Private Limited
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Wipadika Innovations Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016PTC096240. Its GSTIN is 29AABCW8796P1Z1 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Guruswamy Hemanth and Hitesh Kumar Shivakumar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹23.29 Lakh, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹6.09 Lakh (net margin -26.1%) and EBITDA of -₹5.74 Lakh (EBITDA margin -24.7%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The company is associated with 1 brand: Wipadika.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wipadika.com.
Company details
Contact details
Wipadika Innovations Private Limited's registered office is in Bengaluru, Karnataka. Its website is wipadika.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressC/O 91 Spring Board Business Hub Pvt Ltd No. 45/3 1st Floor Gopala Krishna Complex Resid, Ency Road, Bengaluru, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Wipadika Innovations 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
Wipadika Innovations operates one associated brand: Wipadika. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers high-impact product engineering services using technology to build value. | wipadika.com |
Business activity
The main business activity of Wipadika Innovations is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Wipadika Innovations Private Limited, buy the company report.
Financials of Wipadika Innovations Private Limited
FY 2022 filings availableWipadika Innovations Private Limited reported revenue of ₹23.29 Lakh (down 43% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 43% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 208% 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
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| EBITDA | -₹5.74 Lakh | ||||
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| Net Profit (PAT) | -₹6.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -24.7% | ||||
| Net Profit Margin | -26.1% | ||||
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To see the full financial statements and ratios of Wipadika Innovations Private Limited, buy the company report.
Board of directors of Wipadika Innovations Private Limited
Wipadika 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 |
|---|---|---|---|---|
| Guruswamy Hemanth | Director | 02 Sep 2016 | 10 Years 1 Months | Current |
| Hitesh Kumar Shivakumar Also directs: Growth Forge Ventures LLP, Suyug Awika Homes LLP, Solace & Stone Properties LLP and 1 more | Director | 21 Sep 2017 | 9 Years 1 Months | Current |
| Nitesh Kumar | Director | 29 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Wipadika Innovations Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lakshmi Hethai Technical Consultant Private Limited | ₹23.3 Lakh (FY 2024) | 296.0% | Coimbatore, Tamil Nadu, India | |||
| Alliance Corporate Advisors Private Limited | ₹23.3 Lakh (FY 2025) | 122.0% | New Delhi, Delhi, India | |||
| Star Source India Private Limited | ₹23.3 Lakh (FY 2022) | 560.0% | Bangalore, Karnataka, India | |||
| Aadiquipo Style Private Limited | ₹23.3 Lakh (FY 2022) | 354.0% | Bengaluru, Karnataka, India | |||
| Wipadika Innovations Private Limitedthis company | ₹23.29 Lakh (FY 2021) | -₹6.09 Lakh | -26.1% | -43.0% | Bengaluru, Karnataka, India | |
| Saikripa Equipments Pvt Ltd | ₹23.29 Lakh (FY 2024) | 24.0% | New Delhi, Delhi, India | |||
| Nightingale Software Park Private Limited | ₹23.27 Lakh (FY 2022) | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Wipadika Innovations Private Limited, buy the company report.
Auditor
Wipadika Innovations Private Limited is audited by S V SABAREESAN AND CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V SABAREESAN AND CO | FY 2018 | 013995S |
Shareholding
The shareholding of Wipadika Innovations Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Wipadika Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Wipadika Innovations 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 Wipadika Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wipadika Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW8796P1Z1 | Karnataka | Active | 13 Nov 2018 |
To see the full GST registrations and return filing status of Wipadika Innovations Private Limited, buy the company report.
Recent activity
Wipadika Innovations Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Nitesh Kumar was appointed as Director on 29 Jan 2020.
Frequently asked questions
Wipadika Innovations is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 02 September 2016 (10+ years old) and is registered under CIN U72900KA2016PTC096240.
Wipadika Innovations has 3 current directors:
- Guruswamy Hemanth - Director
- Hitesh Kumar Shivakumar - Director
- Nitesh Kumar - Director
The latest financial statements of Wipadika Innovations on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Wipadika Innovations is 29AABCW8796P1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Wipadika Innovations is U72900KA2016PTC096240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wipadika Innovations was incorporated on 02 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Wipadika Innovations by revenue are Lakshmi Hethai Technical Consultant Private Limited, Alliance Corporate Advisors Private Limited, Star Source India Private Limited, Aadiquipo Style Private Limited, Saikripa Equipments Pvt Ltd and 1 more, all in the same principal business activity (other professional, scientific and technical activities).
Nitesh Kumar was appointed as Director on 29 Jan 2020. Hitesh Kumar Shivakumar was appointed as Director on 21 Sep 2017. Vinod Shivarudrappa Pattar ceased to be Director on 21 Sep 2017. Wipadika Innovations has 4 board changes on record in total.
Wipadika Innovations can be reached through the website wipadika.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Wipadika Innovations is at CO 91 Spring Board Business Hub Pvt Ltd No. 453 1st Floor Gopala Krishna Complex Resid, Ency Road, Bengaluru, Karnataka, India – 560025.
Wipadika Innovations operates in the information technology industry, in the IT consulting and support services segment.
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