Cultgear Profile
Key Indicators
- Authorised Capital ₹ 2.55 Cr
- Paid Up Capital ₹ 2.22 Cr
- Company Age 7 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 115.00 Cr
- Satisfied Charges ₹ 20.00 Cr
- Revenue Growth 323.89%
- Profit Growth -619.50%
- Ebitda -730.30%
- Net Worth -40.04%
- Total Assets 61.68%
About Cultgear
Cultgear Private Limited (CPL) is a Private Limited Indian Non-Government Company incorporated in India on 07 November 2017 (Seven years and three months 15 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Balbis Sportletics Fashions Private Limited. The Company is engaged in the E-Commerce Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 2.55 Cr and a paid-up capital of Rs 2.22 Cr.
The company currently has active open charges totaling ₹115.00 Cr. The company has closed loans amounting to ₹20.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Tarakkad Anand and Bishnu Hazari serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74999KA2017PTC107723
- Company No.
107723
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Nov 2017
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Cultgear Private Limited offer?
Cultgear Private Limited offers a wide range of products and services, including Exercise Bikes & Fitness Equipments, Exercise Bike.
Who are the key members and board of directors at Cultgear?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Tarakkad Anand | Whole-Time Director | 27-Jul-2024 | Current |
Bishnu Hazari  | Director | 28-Sep-2024 | Current |
Financial Performance of Cultgear.
Cultgear Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 323.89% increase. The company also saw a substantial fall in profitability, with a 619.5% decrease in profit. The company's net worth observed a substantial decline by a decrease of 40.04%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Cultgear?
In 2023, Cultgear had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Cultsport Private LimitedBishnu Hazari is a mutual person
- Acefit Alliance Gym Service Providers Association
Bishnu Hazari is a mutual person
Charges (Loans)
₹115.00 Cr
₹20.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 45.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 40.00 Cr
- Yes Bank Limited : 30.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Mar 2023 | Yes Bank Limited | ₹30.00 Cr | Open |
| 17 Oct 2022 | The Hongkong And Shanghai Banking Corporation Limited | ₹40.00 Cr | Open |
| 21 Sep 2022 | Axis Bank Limited | ₹45.00 Cr | Open |
| 03 Jun 2022 | The Hongkong And Shanghai Banking Corporation Limited | ₹20.00 Cr | Satisfied |
How Many Employees Work at Cultgear?
Cultgear has a workforce of 387 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Cultgear, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Cultgear's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
