MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0081204
XBT Labs Private Limited
XBT Labs Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.18 Cr
▼ 94% YoY
Net profit · FY 2024
₹61.07 Lakh
Net margin 2%
EBITDA · FY 2024
₹88.83 Lakh
EBITDA margin 2.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Last financials
Mar 2024
Balance sheet date
About XBT Labs Private Limited
Data last updated:
XBT Labs Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U64990GJ2021PTC123698.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Dhruv Dipakkumar Vahora and Krunalkumar Anilbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 603 Naroda Business Hub Opp Satavgreen Party Plot Village Muthiya Ahmedabad, Gujarat, India – 382330.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.18 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹61.07 Lakh (net margin 2%) and EBITDA of ₹88.83 Lakh (EBITDA margin 2.9%).
XBT Labs Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0081204).
Company details
CIN U64990GJ2021PTC123698
Registration Number 123698
Incorporation Date 30 June 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0081204
CIN history
XBT Labs has one previous CIN (Corporate Identification Number): U72200GJ2021PTC123698. The current CIN is U64990GJ2021PTC123698, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64990GJ2021PTC123698 | Current |
| U72200GJ2021PTC123698 | Previous |
Recognitions & Rankings of XBT Labs
Contact details
XBT Labs Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address603 Naroda Business Hub Opp Satavgreen Party Plot Village Muthiya Ahmedabad, Gujarat, India – 382330
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of XBT Labs Private Limited, buy the company report.
Comprehensive company report
XBT 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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Business activity
The main business activity of XBT Labs 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 XBT Labs Private Limited, buy the company report.
Financials of XBT Labs Private Limited
FY 2024 filings availableXBT Labs Private Limited reported revenue of ₹30.18 Cr (down 94% YoY) for FY 2024.
Revenue · FY 2024
₹30.18 Cr ▼ 94%
Net profit · FY 2024
₹61.07 Lakh margin 2%
EBITDA · FY 2024
₹88.83 Lakh margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 94%
EBITDA CAGR growth
1 year
▼ 32%
Revenue fell 94% in the latest year. EBITDA fell 32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | ₹88.83 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹61.07 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.9% | ||
| Net Profit Margin | 2% | ||
| 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 XBT Labs Private Limited, buy the company report.
Board of directors of XBT Labs Private Limited
XBT Labs has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Dipakkumar Vahora Also directs: XBT Technologies Private Limited | Director | 30 Jun 2021 | 5 Years 4 Months | Current |
| Krunalkumar Anilbhai Shah Also directs: Block Shield Labs Private Limited | Director | 30 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
XBT Labs Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Neeraj Projects Private Limited | ₹30.24 Cr (FY 2024) | -4.0% | Pune, Maharashtra, India | |||
| MPC Cloud Consulting Private Limited | ₹30.23 Cr (FY 2024) | 54.0% | Gurgaon, Haryana, India | |||
| Carbon Check (India) Private Limited | ₹30.2 Cr (FY 2025) | -23.0% | Delhi, India | |||
| Energy Solutions International (India) Private Limited | ₹30.19 Cr (FY 2024) | 14.0% | Hyderabad, Telangana, India | |||
| XBT Labs Private Limitedthis company | ₹30.18 Cr (FY 2024) | ₹61.07 Lakh | 2% | -94.0% | Ahmedabad, Gujarat, India | |
| Ourbus India Limited | ₹30.16 Cr (FY 2025) | 61.0% | New Delhi, Delhi, India | |||
| Percipere Consulting India Private Limited | ₹30.15 Cr (FY 2025) | 66.0% | Pune, Maharashtra, India | |||
| Smollan India Technology Private Limited | ₹30.1 Cr (FY 2025) | 25.0% | Thane, Maharashtra, India | |||
| Zucol Services Private Limited | ₹30.07 Cr (FY 2025) | -5.0% | Jaipur, Rajasthan, India | |||
| Diamond Building Concept Private Limited | ₹30.02 Cr (FY 2024) | 4.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of XBT Labs Private Limited, buy the company report.
Auditor
XBT Labs Private Limited is audited by MANANT JAIN & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANANT JAIN & CO | FY 2022 | 427213 |
Shareholding
The shareholding of XBT Labs Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of XBT Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving XBT 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 XBT Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for XBT Labs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
XBT Labs Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Dhruv Dipakkumar Vahora was appointed as Director on 30 Jun 2021.
AGM
Xbt Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Xbt Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Dhruv Dipakkumar Vahora was appointed as Director.
Appointed
Krunalkumar Anilbhai Shah was appointed as Director.
Incorporation
30 Jun 2021
Xbt Labs Private Limited was registered on 30 Jun 2021 with Roc Ahmedabad & aged 5 years 4 months as per MCA records.
Frequently asked questions
XBT Labs is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 June 2021 (5+ years old) and is registered under CIN U64990GJ2021PTC123698.
XBT Labs has 2 current directors:
- Dhruv Dipakkumar Vahora - Director
- Krunalkumar Anilbhai Shah - Director
The latest financial statements of XBT Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of XBT Labs is U64990GJ2021PTC123698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
XBT Labs was incorporated on 30 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of XBT Labs by revenue are Neeraj Projects Private Limited, MPC Cloud Consulting Private Limited, Carbon Check (India) Private Limited, Energy Solutions International (India) Private Limited, Ourbus India Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Dhruv Dipakkumar Vahora was appointed as Director on 30 Jun 2021. Krunalkumar Anilbhai Shah was appointed as Director on 30 Jun 2021.
Yes, XBT Labs is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0081204).
The registered office of XBT Labs is at 603 Naroda Business Hub Opp Satavgreen Party Plot Village Muthiya Ahmedabad, Gujarat, India – 382330.
XBT Labs operates in the information technology industry, in the IT consulting and support services segment.
XBT Labs can be reached at its registered office: 603 Naroda Business Hub Opp Satavgreen Party Plot Village Muthiya Ahmedabad, Gujarat, India – 382330.
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