Company Intelligence Profile
Hps Lab Designs Private Limited
HPS Lab Designs Private Limited designs and sells IoT-based GPS tracking and vehicle theft detection devices under the AJJAS brand.
Last updated 26 October 2026
HPS Lab Designs Private Limited is an IoT hardware company that makes GPS tracking and vehicle theft detection devices under the AJJAS brand. It was incorporated on 06 July 2016 and is registered in Maharashtra, with its office in Belapur, Navi Mumbai. It is a DPIIT-recognised startup. Its latest disclosed funding is a Seed round on 10 Oct 2024, and it has a ₹2.0 Cr charge registered in favour of Caspian Impact Investments Private Limited.
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Company Identity
| Registered name | HPS LAB DESIGNS PRIVATE LIMITED |
|---|---|
| CIN | U72900MH2016PTC283344 |
| PAN | AADCH9222R |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 06 Dec 2016 |
| ROC | RoC-Mumbai (State: Maharashtra) |
| Sector (NIC) | IT Services |
| Registered address | Office No A 1304-1305, Shelthon Sapphire, Plot No 18/19, Sector 15, Palm Beach Road, Belapur, Thane, Navi Mumbai, Maharashtra, India, 400614 |
| Authorized capital | INR 2.00 Cr |
| Paid-up capital | INR 1.62 Cr (₹1,52,32,810 |
Business Overview
- HPS Lab Designs Private Limited is an IoT hardware company based in Belapur, Navi Mumbai.
- It was founded in 2016 by Gaurav Verma and Shailendra Singh.
- It sells GPS tracking devices for bike theft detection, motion alerts, fleet, rental, battery and cold-chain tracking.
- Devices work with a companion Android and iOS app under the AJJAS brand.
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Gaurav Verma | 02023071 | Director | 06 Jul 2016 |
| Shailendra Singh | 06794883 | Director | 16 Jan 2019 |
GST Registration
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AADCH9222R1ZZ | Maharashtra | AADCH9222R | Active |
Funding
| Latest round | Seed round, 10 Oct 2024, led by Shekama Family Trust |
|---|---|
| Total funding raised | approx. USD 1.45M across 6 rounds |
| Debt | Caspian Impact Investments Private Limited extended a ₹2 Cr loan in Jun 2025 |
Charges & Borrowings
- Caspian Impact Investments Private Limited: ₹2.0 Cr, registered 05 Jun 2025.
- Bank of Baroda: ₹0.9-0.95 Cr.
- Total open charges: ~₹2.95 Cr.
Competitors
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