Cultgear Private Limited

Designs and sells sport apparels through app and online platforms, also offers wholesale and B2B trading.

2017 | Bangaluru, Karnataka (India) | Active
Last Updated:

Cultgear Profile

Key Indicators

  • Authorised Capital ₹ 2.55 Cr
  • Paid Up Capital ₹ 2.22 Cr
  • Company Age 7 Year, 4 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 four months 22 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

E-Commerce

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)

NameDesignationAppointment DateStatus
Tarakkad Anand Whole-Time Director 27-Jul-2024Current
Bishnu Hazari Country flag representing In Director 28-Sep-2024Current

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%.

Cultgear revenue growth over time
Cultgear profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
323.89%
Revenue from Operations
319.13%
Total Assets
61.68%
Profit or Loss
-619.50%
Net Worth
-40.04%
EBITDA
-730.30%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹115.00 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
18 Mar 2023Yes Bank Limited₹30.00 CrOpen
17 Oct 2022The Hongkong And Shanghai Banking Corporation Limited₹40.00 CrOpen
21 Sep 2022Axis Bank Limited₹45.00 CrOpen
03 Jun 2022The Hongkong And Shanghai Banking Corporation Limited₹20.00 CrSatisfied

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.

Employee growth trends for Cultgear Private Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Cultgear

Recent activity within the organization

  • Annual General Meeting

    Cultgear Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Director Appointment

    Bishnu Prakash Hazari was appointed as a Director was appointed as a Director on 28 Sep 2024 & has been associated with this company since 6 months 1 day .

  • Director Appointment

    Tarakkad Sreenivasan Anand was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 27 Jul 2024 & has been associated with this company since 8 months 2 days .

  • Balance Sheet

    Cultgear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100697162 was registered on 18 Mar 2023.

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 40.00 Cr with Charge ID 100673506 was registered on 17 Oct 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Cultgear Private Limited?

    Cultgear Private Limited was incorporated on 07 Nov 2017.

  • What is authorized share capital and paid-up capital of Cultgear Private Limited?

    The authorized share capital of Cultgear Private Limited is ₹ 2.55 Cr and paid-up capital is ₹ 2.22 Cr.

  • Who are the current board members & directors of Cultgear Private Limited?

    Currently 2 directors are associated with Cultgear Private Limited.

    • Tarakkad Sreenivasan Anand
    • Bishnu Prakash Hazari

  • What is the registered address of Cultgear Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Cultgear Private Limited is No. 17 17C Bda Sector 3 Hsr Layout, India, Bangalore, Karnataka, 560102.

  • What is the corporate identification number (CIN) and company number of Cultgear Private Limited?

    The corporate identification number (CIN) of Cultgear Private Limited is U74999KA2017PTC107723 and the company number is 107723 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Cultgear Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Cultgear Private Limited has risen by 323.89%.

  • How many employees does Cultgear Private Limited currently have?

    As Per 2023 financial reports, 387 employees are currently employed by Cultgear Private Limited.

  • What change has been observed in the net worth of Cultgear Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Cultgear Private Limited has experienced an downturn of -40.04%.

  • What are the total open charges for Cultgear Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Cultgear Private Limited amount to ₹ 115.00 Cr.

  • When was the last Balance Sheet of Cultgear Private Limited filed with the ROC?

    The most recent Balance Sheet for Cultgear Private Limited was filed with the ROC on 31 Mar 2024.

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