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X2a Soft Labs Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹56.89 Lakh
▲ 789% YoY
Net loss · FY 2024
₹2.84 Cr
Net margin -499.4%
EBITDA · FY 2024
-₹2.83 Cr
EBITDA margin -496.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1.22 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About X2a Soft Labs Private Limited
Data last updated:
X2a Soft Labs Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the financial product distributors segment of the financial services sector. It was incorporated on 10 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC131507. Its GSTIN is 29AAACX3172H1Z6 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.22 Lakh. It is led by directors including Shubha Ganesh (Managing Director) and Ashutosh Dwivedi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 105 Rmv Orchards Seenappa Layout, New Bel Road Bangalore, Karnataka, India – 560094.
As per the financials filed for FY 2024, the company reported a revenue of ₹56.89 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.84 Cr (net margin -499.4%) and EBITDA of -₹2.83 Cr (EBITDA margin -496.9%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years.
The company is associated with 1 brand: Wealth42. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3.28 Cr; the latest was in August 2021. Its 10 peer companies in the BFSI industry (Financial Instrument Distributors, Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Pravansh Investor Services Private Limited with revenue of ₹58.17 Lakh.
X2a Soft Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0098538). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wealth42.com.
Company details
CIN U72900KA2020PTC131507
Registration Number 131507
Incorporation Date 10 January 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0098538
Key People
Shubha Ganesh Managing Director Ashutosh Dwivedi Director Shalini Varma Additional Director Recognitions & Rankings of X2a Soft Labs
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0098538
Contact details
X2a Soft Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is wealth42.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address105 Rmv Orchards Seenappa Layout, New Bel Road Bangalore, Karnataka, India – 560094
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of X2a Soft Labs Private Limited, buy the company report.
Comprehensive company report
X2a Soft Labs Private Limited - one report that includes everything
- 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
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Brands
X2a Soft Labs operates one associated brand: Wealth42. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A customizable AI platform for financial planning is offered. | wealth42.com |
Financials of X2a Soft Labs Private Limited
FY 2025 filings availableX2a Soft Labs Private Limited reported revenue of ₹56.89 Lakh (up 789% YoY) for FY 2024.
Revenue · FY 2024
₹56.89 Lakh ▲ 789%
Net loss · FY 2024
₹2.84 Cr margin -499.4%
EBITDA · FY 2024
-₹2.83 Cr margin -496.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 789%
3 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▼ 744%
3 years · compounded
▼ 281%
Revenue has grown at a compounded annual rate (CAGR) of 72% over three years, including 789% growth in the latest year. EBITDA fell 744% 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
| 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 | -₹2.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -496.9% | ||||
| Net Profit Margin | -499.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of X2a Soft Labs Private Limited, buy the company report.
Board of directors of X2a Soft Labs Private Limited
X2a Soft Labs has 3 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 |
|---|---|---|---|---|
| Ashutosh Dwivedi | Director | 10 Jan 2020 | 6 Years 10 Months | Current |
| Shalini Varma Also directs: Ashniv LLP | Additional Director | 14 Dec 2024 | 1 Years 10 Months | Current |
| Shubha Ganesh Also directs: E L Forge Limited | Managing Director | 10 Jan 2025 | 1 Years 10 Months | Current |
Peer comparison
X2a Soft Labs Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Financial Instrument Distributors, Online Service Providers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pravansh Investor Services Private Limited | ₹58.17 Lakh (FY 2025) | 37.0% | Goa, India | |||
| Gettr Technologies (OPC) Private Limited | ₹57.99 Lakh (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Shipma Commerce Private Limited | ₹57.85 Lakh (FY 2025) | 248.0% | Bangalore, Karnataka, India | |||
| Infinite-Variable Private Limited | ₹57.39 Lakh (FY 2024) | 91.0% | Pune, Maharashtra, India | |||
| Truly Virtually Private Limited | ₹57.01 Lakh (FY 2024) | 55.0% | Noida, Uttar Pradesh, India | |||
| X2a Soft Labs Private Limitedthis company | ₹56.89 Lakh (FY 2024) | -₹2.84 Cr | -499.4% | 789.0% | Bangalore, Karnataka, India | |
| Saarth Online Services Private Limited | ₹56.58 Lakh (FY 2016) | 42.0% | Delhi, India | |||
| Bookwater Tech Private Limited | ₹56.57 Lakh (FY 2024) | 279.0% | Chennai, Tamil Nadu, India | |||
| 100 Feet Road Ventures Private Limited | ₹56.54 Lakh (FY 2025) | 232.0% | Bangalore, Karnataka, India | |||
| Impactbox Venture Private Limited | ₹56.51 Lakh (FY 2025) | 220.0% | Ahmedabad, Gujarat, India | |||
| Narnolia Velox Advisory Limited | ₹56.22 Lakh (FY 2025) | 60.0% | Kolkata, West Bengal, India |
To see the full peer comparison of X2a Soft Labs Private Limited, buy the company report.
Auditor
X2a Soft Labs Private Limited is audited by SINGHVI DEV & UNNI LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHVI DEV & UNNI LLP | FY 2023 | 003867S |
Shareholding
The shareholding of X2a Soft Labs Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of X2a Soft Labs Private Limited, buy the company report.
Deals & funding
X2a Soft Labs Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3.28 Cr; the latest was in August 2021.
Total deals
1
Funding round
1
Disclosed funding
₹3.28 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹3.28 Cr | Investors: Angel List, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving X2a Soft Labs 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 X2a Soft Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
X2a Soft Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACX3172H1Z6 | Karnataka | Active | 25 Aug 2021 |
To see the full GST registrations and return filing status of X2a Soft Labs Private Limited, buy the company report.
Recent activity
X2a Soft Labs Private Limited has 5 board changes on record since 2020: 4 appointments and 1 cessation. The latest: Shubha Ganesh was appointed as Managing Director on 10 Jan 2025.
AGM
X2A Soft Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
X2A Soft Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Shubha Ganesh was appointed as Managing Director.
Ceased
Nitish Varma ceased to be Director.
Appointed
Shalini Varma was appointed as Additional Director.
Appointed
Ashutosh Dwivedi was appointed as Director.
Appointed
Nitish Varma was appointed as Director.
Incorporation
10 Jan 2020
X2A Soft Labs Private Limited was registered on 10 Jan 2020 with Roc Bangalore & aged 6 years 10 months as per MCA records.
Frequently asked questions
X2a Soft Labs is an active private limited company based in Bangalore, Karnataka, India. The company works in financial product distributors, within the financial services industry. It was incorporated on 10 January 2020 (6+ years old) and is registered under CIN U72900KA2020PTC131507.
X2a Soft Labs has 3 current directors:
- Shubha Ganesh - Managing Director
- Ashutosh Dwivedi - Director
- Shalini Varma - Additional Director
The latest financial statements of X2a Soft Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of X2a Soft Labs is 29AAACX3172H1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of X2a Soft Labs is U72900KA2020PTC131507. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
X2a Soft Labs was incorporated on 10 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
X2a Soft Labs has 1 deal on record (1 funding round), with disclosed funding of ₹3.28 Cr; the latest was in August 2021.
The peers of X2a Soft Labs by revenue are Pravansh Investor Services Private Limited, Gettr Technologies (OPC) Private Limited, Shipma Commerce Private Limited, Infinite-Variable Private Limited, Truly Virtually Private Limited and 5 more, all in the BFSI industry (Financial Instrument Distributors, Online Service Providers).
Shubha Ganesh was appointed as Managing Director on 10 Jan 2025. Nitish Varma ceased to be Director on 14 Dec 2024. Shalini Varma was appointed as Additional Director on 14 Dec 2024. X2a Soft Labs has 5 board changes on record in total.
Yes, X2a Soft Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, X2a Soft Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0098538).
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