Dropshop Network Profile
Key Indicators
- Authorised Capital ₹ 1.06 M
- Paid Up Capital ₹ 0.23 M
- Company Age 5 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 6.40 Cr
- Revenue Growth -52.66%
- Profit Growth 38.15%
- Ebitda 38.25%
- Net Worth 1176.59%
- Total Assets 461.02%
About Dropshop Network
Dropshop Network Private Limited (DNPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 09 May 2019 (Five years and nine months 15 days old ). Its registered office is in Bengaluru, Karnataka, India.
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 2023. It's a company limited by shares with an authorized capital of Rs 1.06 M and a paid-up capital of Rs 0.23 M.
The company has closed loans amounting to ₹6.40 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Nandan Venkatachalam, Somarajasatya Raviteja, Udit Dhawan, and Two other members serve as directors at the Company.
Company Details
- Location
Bengaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U72900KA2019PTC124212
- Company No.
124212
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 May 2019
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
What products or services does Dropshop Network Private Limited offer?
Dropshop Network Private Limited offers a wide range of products and services, including Snacks and Namkeen, Chips.
Who are the key members and board of directors at Dropshop Network?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nandan Venkatachalam  | Nominee Director | 19-Sep-2022 | Current |
| Somarajasatya Raviteja | Director | 22-Apr-2021 | Current |
| Udit Dhawan | Director | 18-Jun-2019 | Current |
| Rohit Fernandes | Director | 09-May-2019 | Current |
| Badri Bahukutumbi | Nominee Director | 19-Jul-2022 | Current |
Financial Performance of Dropshop Network.
Dropshop Network Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 52.66% decrease. The company also saw a substantial improvement in profitability, with a 38.15% increase in profit. The company's net worth Soared by an impressive increase of 1176.59%.
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What is the Ownership and Shareholding Structure of Dropshop Network?
In 2023, Dropshop Network had a promoter holding of 95.55% and a public holding of 4.46%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Radar Ventures Private LimitedNandan Venkatachalam is a mutual person
Mbook Technology Private LimitedNandan Venkatachalam is a mutual person
Waterwala Labs Private LimitedBadri Bahukutumbi is a mutual person
Indifi Capital Private LimitedBadri Bahukutumbi is a mutual person
- Indifi Technologies Private Limited
Badri Bahukutumbi is a mutual person
25Taka Platforms Private LimitedUdit Dhawan and Rohit Fernandes are mutual person
Charges (Loans)
₹0
₹64.00 M
Charges Breakdown by Lending Institutions
- Others : 6.40 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Sep 2021 | Others | ₹1.00 Cr | Satisfied |
| 21 Sep 2020 | Others | ₹1.50 Cr | Satisfied |
| 10 Mar 2020 | Others | ₹6.00 M | Satisfied |
| 24 Feb 2020 | Others | ₹3.30 Cr | Satisfied |
How Many Employees Work at Dropshop Network?
Dropshop Network has a workforce of 14 employees as of Apr 07, 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 Dropshop Network, 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 Dropshop Network'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.
