Lbit Labs Private Limited - Company overview

Registered with ROC Vijayawada on 28 November 2014, Letzbank is an active private limited company that has been around for about 11 years.

2014-11-28 Visakhapatnam, Andhra Pradesh Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹10–50 Lakh
▼ -50.1%
FY 2023
PROFIT / LOSS
Loss · ₹1–5 Cr
▼ -191.6%
FY 2023
EBITDA
Loss · ₹50 Lakh–1 Cr
▼ -112.9%
FY 2023
NET WORTH
Loss · ₹1–5 Cr
▼ -787.4%
FY 2023
TOTAL ASSETS
₹1–5 Cr
▲ 2.2%
FY 2023
EMPLOYEE COUNT
11–20
OPEN CHARGES
-
-
PAID-UP CAPITAL
20.00 Lakh
AUTHORISED CAPITAL
2.00 cr
COMPANY AGE
11 Years 11 Months
since 2014-11-28
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-30
ACTIVE GST
2
Updated: 2023-02-21 17:25:40
TOTAL MONEY RAISED
₹1–5 Cr
SATISFIED CHARGES
-
-

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Letzbank covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
67/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (88), financial health (10), director (95) and company-foundation signals.
  • Operating for 11+ years.
Compliance Score Low risk
88/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score High risk
10/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2023.
  • Negative net worth - capital eroded by losses.
Director Risk Score Low risk
95/100
Board strength, DIN status and churn.
  • 2 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Letzbank Company identity, industry, contact, and registration details from MCA and company records.

Registered with ROC Vijayawada on 28 November 2014, Letzbank is an active private limited company that has been around for about 11 years. Its registered office is at D.No.9-13-35/4, First Floor, Cbm Compound East Extension, Vip Road, Visakhapatnam, Andhra Pradesh. It was earlier known as Pennant Fin Services Private Limited.

Its filings describe the main line of business as other information & communication service activities, which made up 100% of turnover.

It has two directors: Tagorji Yerneni and Rajiv Mahesh Sanghvi. The longest-serving is Tagorji Yerneni, on the board since 2015; the most recent to join is Rajiv Mahesh Sanghvi, appointed in September 2019. Four former directors are on record; the most recent to leave was Ramakrishna Raju Eepuri in September 2019. Between them, the directors also sit on the boards of 20 other companies, including Aml Business Solutions Private Limited and Aml Financial Services Private Limited.

Paid-up capital is ₹20 lakh against an authorised ₹2 crore, so most of the authorised capital has not been issued yet. The last AGM on record was on 30 September 2025, for accounts made up to 31 March 2025. No charges (secured loans) are registered against it.

Information Technology •••••••• Business Outsourcing ••••••••
  • Location D.No.9-13-35/4, First Floor, Cbm Compound East Extension, Vip Road,, Visakhapatnam, Andhra Pradesh - 530003
  • Website lbitlabs.com
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Name History
Legal NameLbit Labs Private Limited
CIN / LLPINU67190AP2014PTC095719
Company No.095719
ClassificationPrivate Limited Indian Non-Government Company
Incorporation Date2014-11-28
Date of AGM2025-09-30
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Vijayawada
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Letzbank (2) Current board members from MCA filings, including designation and appointment details.

T
Tagorji Yerneni
Director | Since 2015-02-06 | DIN: 07045627
R
Rajiv Mahesh Sanghvi
Director | Since 2019-09-30 | DIN: 00322203

Financial Performance of Letzbank Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹10–50 Lakh ▼ -50.1%
P&L Loss · ₹1–5 Cr ▼ -191.6%
EBITDA Loss · ₹50 Lakh–1 Cr ▼ -112.9%
Net worth Loss · ₹1–5 Cr ▼ -787.4%

Exact figures and labelled charts require an active report plan.

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Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
Information and communicationOther information & communication service activities100

Companies With Common Directors Of Letzbank Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Aml Business Solutions Private Limited 1 Shared Director
Aml Financial Services Private Limited 1 Shared Director
Aml Infosystems Private Limited 1 Shared Director
Aml Motors Private Limited 1 Shared Director
Ampoil Apar Lubricants Private Limited 1 Shared Director
Auto Solutions Private Limited 1 Shared Director
Automotive Business Solutions Private Limited 1 Shared Director
Automotive Environmental Solutions Private Limited 1 Shared Director
Automotive Manufacturers Private Limited 1 Shared Director
Automotive Mobility Private Limited 1 Shared Director
Automotive Motors Private Limited 1 Shared Director
Contego Re-Insurance Broking Services Private Limited 1 Shared Director
Darshana Logistics Solutions Private Limited 1 Shared Director
Momentum Motors Llp 1 Shared Director
Mps Motors Private Limited 1 Shared Director
Olympus Motors Private Limited 1 Shared Director
Pps Business Solutions Private Limited 1 Shared Director
Pps Motors Private Limited 1 Shared Director
Prakruti Software Services Private Limited 1 Shared Director
Relleno Insurance Broking Services Private Limited. 1 Shared Director

Financial Ratios of Letzbank Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Letzbank Ownership and contribution detail from filings. Full breakdown unlocks with your report.

8 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Letzbank EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.

Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Letzbank GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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MSME Payment Delays by Letzbank MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Letzbank Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Letzbank Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Letzbank?
MCA does not publish an "owner" field. Letzbank is run by its directors, Tagorji Yerneni and Rajiv Mahesh Sanghvi. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Letzbank?
Letzbank has two current directors: Tagorji Yerneni (since February 2015) and Rajiv Mahesh Sanghvi (since September 2019).
What is CIN of Letzbank?
The CIN of Letzbank is U67190AP2014PTC095719. Reading it left to right: U means it is not listed, 67190 is the industry code it registered under, AP is Andhra Pradesh, 2014 is the year it was registered, PTC is the company type and 095719 is its registration number.
When was Letzbank incorporated?
Letzbank was incorporated on 28 November 2014 with ROC Vijayawada. That makes it about 11 years old.
What is the registered address of Letzbank?
The registered office on MCA records is D.No.9-13-35/4, First Floor, Cbm Compound East Extension, Vip Road, Visakhapatnam, Andhra Pradesh - 530003.
What is the current status of Letzbank?
MCA shows Letzbank as Active, and its last AGM on record was in September 2025.
What is the contact number or email for Letzbank?
You can post to its registered office at D.No.9-13-35/4, First Floor, Cbm Compound East Extension, Vip Road, Visakhapatnam, Andhra Pradesh - 530003 and use its website, https://lbitlabs.com.
What industry or business activity is Letzbank associated with?
Its MCA filings list the main business as other information & communication service activities (100% of turnover).
What is paid-up capital and authorised share capital of Letzbank?
Paid-up capital is ₹20 lakh and authorised capital is ₹2 crore, so about 10% of the authorised amount has been issued.
When did Letzbank last file accounts and hold an AGM?
The last AGM on record was on 30 September 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Letzbank?
MCA shows no charges registered against Letzbank, so no assets are pledged for a registered secured loan.
Have any directors left Letzbank?
Yes, four former directors are on record. The most recent to leave were Ramakrishna Raju Eepuri (September 2019), Venkata Satya Pradeep Kumar Varma Penmetsa (September 2019) and Naveen Kumar Jain (September 2019).
Which companies share directors with Letzbank?
20 companies share directors with Letzbank. Among them are Aml Business Solutions Private Limited, Aml Financial Services Private Limited, Aml Infosystems Private Limited and 17 more.
What is the turnover or revenue of Letzbank?
Based on filed financial statements, the revenue of Letzbank for FY 2023 was in the ₹10–50 Lakh range. That is down 50.1% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Letzbank?
For FY 2023, the net worth of Letzbank was negative, in the ₹1–5 Cr range.
How can I get the financial details of Letzbank?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Letzbank?
The website on record for Letzbank is https://lbitlabs.com.
Which company owns lbitlabs.com?
lbitlabs.com is the website listed for Lbit Labs Private Limited in its company records.
Letzbank - is it listed or unlisted?
Letzbank is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Letzbank?
Letzbank is registered with ROC Vijayawada.
What is the company classification of Letzbank?
MCA classifies Letzbank as: Private Limited Indian Non-Government Company.
Does Letzbank have GST registrations on file?
Yes, 2 active GST registrations are linked to Letzbank, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.