Fashnear Technologies Private Limited

Tech company provides app for social selling of fashion products, no MLM/network activities.

2015 | Bangaluru, Karnataka (India) | Active
Last Updated:

Fashnear Technologies Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 8.44 Cr
  • Company Age 9 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 536.01 Cr
  • Satisfied Charges ₹ 400.00 Cr
  • Revenue Growth 75.31%
  • Profit Growth 48.43%
  • Ebitda 46.57%
  • Net Worth 360.65%
  • Total Assets 35.84%

About Fashnear Technologies

Fashnear Technologies Private Limited (FTPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 13 August 2015 (Nine years and seven months 20 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 10.00 Cr and a paid-up capital of Rs 8.44 Cr.

The company currently has active open charges totaling ₹536.01 Cr. The company has closed loans amounting to ₹400.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vidit Aatrey and Sanjeev Kumar serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U74900KA2015PTC082263

  • Company No.

    082263

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Aug 2015

  • Date of AGM

    30 Oct 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

E-Commerce

Who are the key members and board of directors at Fashnear Technologies?

Board Members (2)

NameDesignationAppointment DateStatus
Vidit Aatrey Country flag representing In Whole-Time Director 13-Aug-2015Current
Sanjeev Kumar Country flag representing In Whole-Time Director 13-Aug-2015Current

Financial Performance of Fashnear Technologies.

Fashnear Technologies Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 75.31% increase. The company also saw a substantial improvement in profitability, with a 48.43% increase in profit. The company's net worth Soared by an impressive increase of 360.65%.

Fashnear Technologies revenue growth over time
Fashnear Technologies 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
75.31%
Revenue from Operations
77.41%
Total Assets
35.84%
Profit or Loss
48.43%
Net Worth
360.65%
EBITDA
46.57%

What is the Ownership and Shareholding Structure of Fashnear Technologies?

In 2023, Fashnear Technologies 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

₹536.01 Cr

Satisfied Charges

₹400.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 280.01 Cr
  • State Bank Of India : 250.00 Cr
  • Yes Bank Limited : 6.00 Cr

Latest Charge Details

DateLenderAmountStatus
10 Jun 2024Others₹35.00 CrOpen
05 Jun 2024Others₹245.00 CrOpen
16 Jan 2024Others₹0.09 MOpen
08 May 2023State Bank Of India₹250.00 CrOpen
28 Feb 2023Yes Bank Limited₹6.00 CrOpen

How Many Employees Work at Fashnear Technologies?

Fashnear Technologies has a workforce of 1387 employees as of Apr 05, 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 Fashnear Technologies Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Fashnear Technologies, 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 Fashnear Technologies'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 Fashnear Technologies

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100943122 was registered on 10 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 245.00 Cr with Charge ID 100948855 was registered on 05 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 0.01 Cr with Charge ID 100863465 was registered on 16 Jan 2024.

  • Annual General Meeting

    Fashnear Technologies Private Limited last Annual general meeting of members was held on 30 Oct 2023 as per latest MCA records.

  • Charges

    A charge with State Bank Of India of Rs. 250.00 Cr registered on 08 May 2023 with Charge ID 100720858 was modified on 24 Aug 2023.

  • Charges

    A charge with State Bank Of India amounted to Rs. 250.00 Cr with Charge ID 100720858 was registered on 08 May 2023.

Recent News, Updates & Announcement

Frequently asked questions

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

    Fashnear Technologies Private Limited was incorporated on 13 Aug 2015.

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

    The authorized share capital of Fashnear Technologies Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 8.44 Cr.

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

    Currently 2 directors are associated with Fashnear Technologies Private Limited.

    • Vidit Aatrey
    • Sanjeev Kumar

  • What is the registered address of Fashnear Technologies Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Fashnear Technologies Private Limited is 3Rd Floor Wing-E Helios Business Park Kadubeesanahalli Village Varthur Hobli, Outer Ring Road India, Bangalore South, Karnataka, 560103.

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

    The corporate identification number (CIN) of Fashnear Technologies Private Limited is U74900KA2015PTC082263 and the company number is 082263 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Fashnear Technologies Private Limited?

    The Official website of Fashnear Technologies Private Limited is https://www.meesho.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Fashnear Technologies Private Limited has risen by 75.31%.

  • How many employees does Fashnear Technologies Private Limited currently have?

    As Per 2023 financial reports, 1387 employees are currently employed by Fashnear Technologies Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Fashnear Technologies Private Limited has experienced an upsurge of 360.65%.

  • What are the total open charges for Fashnear Technologies Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Fashnear Technologies Private Limited amount to ₹ 536.01 Cr.

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

    The most recent Balance Sheet for Fashnear Technologies Private Limited was filed with the ROC on 31 Mar 2023.