Sterne India Private Limited

E-commerce platform offering deals on electronics and household appliances.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated: December 16, 2024

Sterne India Profile

Key Indicators

  • Authorised Capital ₹ 2.10 M
  • Paid Up Capital ₹ 1.31 M
  • Company Age 8 Year, 3 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 115.00 Cr
  • Satisfied Charges ₹ 111.01 Cr
  • Revenue Growth 331.70%
  • Profit Growth -249.13%
  • Ebitda -220.49%
  • Net Worth -132.82%
  • Total Assets 62.84%

About Sterne India

Sterne India Private Limited (SIPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 October 2016 (Eight years and three months 9 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 2022. It's a company limited by shares with an authorized capital of Rs 2.10 M and a paid-up capital of Rs 1.31 M.

The company currently has active open charges totaling ₹115.00 Cr. The company has closed loans amounting to ₹111.01 Cr, as per Ministry of Corporate Affairs (MCA) records.

Khushnud Khan and Rishiraj Rathore 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

    U74999KA2016PTC097331

  • Company No.

    097331

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 2016

  • Date of AGM

    31 Oct 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

E-Commerce

Who are the key members and board of directors at Sterne India?

Board Members (2)

Name Designation Appointment Date Status
Khushnud Khan Country flag representing In Director 15-Mar-2019 Current
Rishiraj Rathore Country flag representing In Director 24-Oct-2016 Current

Financial Performance of Sterne India.

Sterne India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 331.7% increase. The company also saw a substantial fall in profitability, with a 249.13% decrease in profit. The company's net worth observed a substantial decline by a decrease of 132.82%.

Graph illustrating revenue growth over time
Graph showing 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
331.70%
Revenue from Operations
331.89%
Total Assets
62.84%
Profit or Loss
-249.13%
Net Worth
-132.82%
EBITDA
-220.49%

What is the Ownership and Shareholding Structure of Sterne India?

In 2022, Sterne India had a promoter holding of 86.56% and a public holding of 13.44%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,150.00 M

Satisfied Charges

₹1,110.10 M

Charges Breakdown by Lending Institutions

  • Others : 115.00 Cr

Latest Charge Details

Date Lender Amount Status
25 Oct 2023 Others ₹8.00 Cr Open
28 Sep 2023 Others ₹7.00 Cr Open
20 Jul 2023 Others ₹20.00 Cr Open
04 Jul 2023 Others ₹20.00 Cr Open
17 Aug 2022 Others ₹15.00 Cr Open

How Many Employees Work at Sterne India?

Sterne India has a workforce of 208 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sterne India, 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 Sterne India'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 Sterne India

Recent activity within the organization

  • Charges

    A charge registered on 30 May 2023 via Charge ID 100734911 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 07 Mar 2024.

    07 Mar 2024

  • Charges

    A charge registered on 19 May 2023 via Charge ID 100730558 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 07 Mar 2024.

    07 Mar 2024

  • Charges

    A charge registered on 06 Jul 2022 via Charge ID 100604004 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 07 Mar 2024.

    07 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 80.00 M with Charge ID 100819790 was registered on 25 Oct 2023.

    25 Oct 2023

  • Charges

    A charge with Others amounted to Rs. 70.00 M with Charge ID 100798715 was registered on 28 Sep 2023.

    28 Sep 2023

  • Charges

    A charge with Others of Rs. 200.00 M registered on 20 Jul 2023 with Charge ID 100782610 was modified on 25 Aug 2023.

    25 Aug 2023

Recent News, Updates & Announcement

Frequently asked questions

  • Sterne India Private Limited was incorporated on 24 Oct 2016.

  • The authorized share capital of Sterne India Private Limited is ₹ 2.10 M and paid-up capital is ₹ 1.31 M.

  • Currently 2 directors are associated with Sterne India Private Limited.

    • Khushnud Khan
    • Rishiraj Singh Rathore
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sterne India Private Limited is 05Th Floor Salarpuria Sattva Eminence Amani Bellendur Khane Varthur Hobli, Bangalore East Taluk South India, Bangalore South, Karnataka, 560103.

  • The corporate identification number (CIN) of Sterne India Private Limited is U74999KA2016PTC097331 and the company number is 097331 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sterne India Private Limited is https://www.arzooo.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Sterne India Private Limited has risen by 331.70%.

  • As Per 2022 financial reports, 208 employees are currently employed by Sterne India Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Sterne India Private Limited has experienced an downturn of -132.82%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Sterne India Private Limited amount to ₹ 115.00 Cr.

  • The most recent Balance Sheet for Sterne India Private Limited was filed with the ROC on 31 Mar 2022.

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