DPIIT recognised startup Government of India
Startup India
Wits Digital Private Limited - information technology in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹14.77 Lakh
▼ 9% YoY
Net profit · FY 2023
₹68,428
Net margin 4.6%
EBITDA · FY 2023
₹73,165
EBITDA margin 5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
GST registrations
3
None active
About Wits Digital Private Limited
Data last updated:
Wits Digital Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 17 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2017PTC320777. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kiran Adhikari and Pooja Adhikari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 52 – A Bank Colony, Delhi, India – 110093.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.77 Lakh, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹68,428 (net margin 4.6%) and EBITDA of ₹73,165 (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years.
The company is associated with 1 brand: Wits Digital.
Wits Digital Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0077208). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website witsdigital.com.
Company Details of Wits Digital Private Limited
CIN U72900DL2017PTC320777
Registration Number 320777
Incorporation Date 17 July 2017
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-UP-28-0077208
Key People
Kiran Adhikari Director Pooja Adhikari Director Recognitions & Rankings of Wits Digital
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-UP-28-0077208
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address52 – A Bank Colony, Delhi, India – 110093
- IndustryInformation Technology, Other Computer Related Activities
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Associated Brands with Wits Digital Private Limited
Wits Digital operates one associated brand: Wits Digital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom software, digital marketing, and mobile app development services. | witsdigital.com |
Business Activity of Wits Digital Private Limited
The main business activity of Wits Digital is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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- Filing-level activity changes
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Financials of Wits Digital Private Limited FY 2023 filings available
Wits Digital Private Limited reported revenue of ₹14.77 Lakh (down 9% YoY) for FY 2023.
Revenue · FY 2023
₹14.77 Lakh ▼ 9%
Net profit · FY 2023
₹68,428 margin 4.6%
EBITDA · FY 2023
₹73,165 margin 5%
Compounded Annual Growth Rate (CAGR) of Wits Digital Private Limited
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 29%
5 years · compounded
▲ 17%
Revenue fell 9% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 18% 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 Wits Digital Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹73,165 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹68,428 | •••• | •••• | •••• | •••• |
| 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 Wits Digital Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.6% | •••• | •••• | •••• | •••• |
| 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 Wits Digital are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Wits Digital Private Limited
Wits Digital has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Adhikari | Director | 08 Jan 2018 | 8 Years 9 Months | Current |
| Pooja Adhikari | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
Peer Comparison of Wits Digital Private Limited
Wits Digital Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical 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 |
|---|---|---|---|---|---|---|
| Extroserve Solutions (OPC) Private Limited | ₹14.78 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Avdesh Ispat Private Limited | ₹14.78 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Arcston Global Private Limited | ₹14.78 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Guwahati, Assam, India |
| Vedfleet Management Design Consultancy Private Limited | ₹14.77 Lakh (FY 2017) | •••• | •••• | -70.0% | •••• | Chikhali, Maharashtra, India |
| Enjos Learn and Build Private Limited | ₹14.77 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Wits Digital Private Limited this company | ₹14.77 Lakh (FY 2023) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Rtits Private Limited | ₹14.76 Lakh (FY 2020) | •••• | •••• | 1254.0% | •••• | West Godavari, Andhra Pradesh, India |
| Neutrino Consultancy Services Private Limited | ₹14.76 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Padmini Dealmark Private Limited | ₹14.75 Lakh (FY 2024) | •••• | •••• | -53.0% | •••• | Kolkata, West Bengal, India |
| Greative Solutions Private Limited | ₹14.75 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Marathahalli, Karnataka, India |
| Conformity Accreditation Management System Private Limited | ₹14.75 Lakh (FY 2024) | •••• | •••• | 144.0% | •••• | Thakurpukur, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Wits Digital by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Wits Digital Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Wits Digital Private Limited
Wits Digital Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wits Digital Private Limited
Employment history and EPFO contributions of people linked to Wits Digital.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Wits Digital Private Limited
Wits Digital Private Limited has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Jagdish Adhikari ceased to be Director on 08 Jan 2018.
AGM
Wits Digital Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Wits Digital Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi I.
Ceased
Jagdish Adhikari ceased to be Director.
Appointed
Kiran Adhikari was appointed as Director.
Appointed
Pooja Adhikari was appointed as Director.
Incorporation
17 Jul 2017
Wits Digital Private Limited was registered on 17 Jul 2017 with Roc Delhi I & aged 9 years 3 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Wits Digital Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Wits Digital Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Wits Digital Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Wits Digital Private Limited
Wits Digital has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
3
Cancelled / inactive
3
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Wits Digital Private Limited
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Frequently Asked Questions about Wits Digital Private Limited
Wits Digital is an active private limited company based in Delhi, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 17 July 2017 (9+ years old) and is registered under CIN U72900DL2017PTC320777.
Wits Digital reported revenue of ₹14.77 Lakh for FY 2023 (down 9% YoY).
Wits Digital has 2 current directors:
- Kiran Adhikari - Director
- Pooja Adhikari - Director
Wits Digital reported a net profit of ₹68,428 (net margin 4.6%) and EBITDA of ₹73,165 (EBITDA margin 5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wits Digital is 22% over three years. In the latest year (FY 2023) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
No. Wits Digital has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Wits Digital is U72900DL2017PTC320777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wits Digital was incorporated on 17 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Wits Digital by revenue are Extroserve Solutions (OPC) Private Limited, Avdesh Ispat Private Limited, Arcston Global Private Limited, Vedfleet Management Design Consultancy Private Limited, Enjos Learn and Build Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Jagdish Adhikari ceased to be Director on 08 Jan 2018. Kiran Adhikari was appointed as Director on 08 Jan 2018. Pooja Adhikari was appointed as Director on 17 Jul 2017.
Yes, Wits Digital is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).