Wits Innovation Lab LLP
About Wits Innovation Lab LLP
Data last updated:
Wits Innovation Lab LLP is a limited liability partnership (LLP) based in Kharar, Punjab, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 April 2019 and has been in existence for over 7 years.
The LLP is registered with the Registrar of Companies (ROC), Chandigarh, under LLPIN AAO-8846. Its GSTIN is 03AADFW2012K1ZK (Punjab).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Harkiran Kaur and Anshul.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Kharar, Punjab.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹15.46 Cr. For the same year it recorded a net profit of ₹31.2 Lakh (net margin 2%) and EBITDA of ₹65.84 Lakh (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 143% over three years.
The LLP has about 23 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Wits Innovation Lab. As per MCA filings, the LLP has open charges of ₹81.08 Lakh on record. Court records list 3 cases involving the LLP, including 2 filed by the LLP and 1 filed against it; 1 case is pending.
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- Registered AddressSCO 41 D, 3rd Floor City Heart, Kharar, Punjab, India – 140301
- IndustryInformation Technology, Application Development & Software Solutions
- 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
Financials of Wits Innovation Lab LLP FY 2025 filings available
Wits Innovation Lab LLP reported revenue of ₹15.46 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR) of Wits Innovation Lab LLP
Revenue has grown at a compounded annual rate (CAGR) of 143% over three years. 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 Innovation Lab LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Income and Expenditure | ||||
| Turnover | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹31.2 Lakh | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• |
| Assets and Liabilities | ||||
| Partners' Contribution | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Wits Innovation Lab LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| Net Profit Margin | 2% | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Wits Innovation Lab are in the company report.
Financial statements from FY 2020
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.
Auditor Details of Wits Innovation Lab LLP
Auditor information for Wits Innovation Lab LLP provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Designated Partners of Wits Innovation Lab LLP
Wits Innovation Lab has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harkiran Kaur | Designated Partner | 12 Apr 2019 | 7 Years 5 Months | Current |
| Anshul | Designated Partner | 12 Apr 2019 | 7 Years 5 Months | Current |
Ownership and Shareholding of Wits Innovation Lab LLP
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 Wits Innovation Lab LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2025 | Hdfc Bank Limited | ₹81.08 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Wits Innovation Lab LLP
Wits Innovation Lab LLP has 3 court cases on record: 2 filed by Wits Innovation Lab, 1 filed against it. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by MP and Group of Companies | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Wits Innovation Lab LLP
Wits Innovation Lab operates one associated brand: Wits Innovation Lab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom software, IT consulting, and digital transformation services for companies. | thewitslab.com |
Employees and EPFO Compliance at Wits Innovation Lab LLP
Wits Innovation Lab LLP has a workforce of 42 employees as of Mar 28, 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 Wits Innovation Lab LLP
Wits Innovation Lab LLP has 2 designated partner changes on record since 2019: 2 appointments. The latest: Anshul was appointed as Designated Partner on 12 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Wits Innovation Lab LLP
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 Wits Innovation Lab LLP
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 Wits Innovation Lab LLP
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 Wits Innovation Lab LLP
Wits Innovation Lab has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AADFW2012K1ZK | Punjab | Active | 01 Jul 2019 |
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 Wits Innovation Lab LLP
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 Wits Innovation Lab LLP
Wits Innovation Lab is an active limited liability partnership based in Kharar, Punjab, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 12 April 2019 (7+ years old) and is registered under LLPIN AAO-8846.
Wits Innovation Lab reported revenue of ₹15.46 Cr for FY 2023.
Wits Innovation Lab has 2 current designated partners:
- Harkiran Kaur - Designated Partner
- Anshul - Designated Partner
Wits Innovation Lab reported a net profit of ₹31.2 Lakh (net margin 2%) and EBITDA of ₹65.84 Lakh (EBITDA margin 4.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wits Innovation Lab is 143% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wits Innovation Lab is 03AADFW2012K1ZK, registered in Punjab.
The LLPIN (Limited Liability Partnership Identification Number) of Wits Innovation Lab is AAO-8846. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Wits Innovation Lab has 3 court cases on record: 2 filed by the LLP and 1 filed against it. 1 is pending. Most are in the high courts.
Wits Innovation Lab was incorporated on 12 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chandigarh.
Anshul was appointed as Designated Partner on 12 Apr 2019. Harkiran Kaur was appointed as Designated Partner on 12 Apr 2019.