Dropshop Network Profile
Key Indicators
- Authorised Capital ₹ 1.06 M
- Paid Up Capital ₹ 0.23 M
- Company Age 5 Year, 10 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 ten months 21 days old ). Its registered office is in Bangaluru, 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.
Badri Bahukutumbi, Rohit Fernandes, Nandan Venkatachalam, and Two other members 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
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
E-Commerce
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 |
|---|---|---|---|
Badri Bahukutumbi  | Nominee Director | 19-Jul-2022 | Current |
| Rohit Fernandes | Director | 09-May-2019 | Current |
| Nandan Venkatachalam | Nominee Director | 19-Sep-2022 | Current |
| Somarajasatya Raviteja | Director | 22-Apr-2021 | Current |
| Udit Dhawan | Director | 18-Jun-2019 | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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
Finreach Solutions Private LimitedBadri Bahukutumbi is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Dropshop Network
Recent activity within the organization
- Annual General Meeting
Dropshop Network Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge registered on 20 Sep 2021 via Charge ID 100488882 with Others was fully satisfied on 28 Sep 2023.
- Balance Sheet
Dropshop Network Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Director Appointment
Nandan Venkatachalam was appointed as a Nominee Director was appointed as a Nominee Director on 19 Sep 2022 & has been associated with this company since 2 years 6 months .
- Director Appointment
Badri Pillapakkam Bahukutumbi was appointed as a Nominee Director was appointed as a Nominee Director on 19 Jul 2022 & has been associated with this company since 2 years 8 months .
- Charges
A charge registered on 21 Sep 2020 via Charge ID 100374092 with Others was fully satisfied on 26 Oct 2021.
Frequently asked questions
What is the Incorporation or founding date of Dropshop Network Private Limited?
Dropshop Network Private Limited was incorporated on 09 May 2019.
What is authorized share capital and paid-up capital of Dropshop Network Private Limited?
The authorized share capital of Dropshop Network Private Limited is ₹ 1.06 M and paid-up capital is ₹ 0.23 M.
Who are the current board members & directors of Dropshop Network Private Limited?
Currently 5 directors are associated with Dropshop Network Private Limited.
- Badri Pillapakkam Bahukutumbi
- Rohit Walter Fernandes
- Nandan Venkatachalam
- Somarajasatya Vijjapu Raviteja
- Udit Dhawan
What is the registered address of Dropshop Network Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Dropshop Network Private Limited is 11 1St Cross, 5Th A Block Koramangala India, Bengaluru, Karnataka, 560095.
What is the corporate identification number (CIN) and company number of Dropshop Network Private Limited?
The corporate identification number (CIN) of Dropshop Network Private Limited is U72900KA2019PTC124212 and the company number is 124212 as per Ministry of Corporate Affairs (MCA).
What is the official website of Dropshop Network Private Limited?
The Official website of Dropshop Network Private Limited is https://www.brandsofbharat.in
What has been the recent revenue trend for Dropshop Network Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Dropshop Network Private Limited has fallen by -52.66%.
How many employees does Dropshop Network Private Limited currently have?
As Per 2023 financial reports, 14 employees are currently employed by Dropshop Network Private Limited.
What change has been observed in the net worth of Dropshop Network Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Dropshop Network Private Limited has experienced an upsurge of 1176.59%.
When was the last Balance Sheet of Dropshop Network Private Limited filed with the ROC?
The most recent Balance Sheet for Dropshop Network Private Limited was filed with the ROC on 31 Mar 2023.
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