Urban Ladder Home Decor Solutions Profile
Key Indicators
- Authorised Capital ₹ 30.00 Cr
- Paid Up Capital ₹ 25.07 Cr
- Company Age 13 Year, 15 Days
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 53.00 Cr
- Revenue Growth -14.57%
- Profit Growth 181.10%
- Ebitda 33.97%
- Net Worth 135.06%
- Total Assets -2.16%
About Urban Ladder Home Decor Solutions
Urban Ladder Home Decor Solutions Limited (ULHDSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 17 February 2012 and has a history of 13 years. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Urban Ladder Home Decor Online Private Limited. The Company is engaged in the Consumer Electronics & Durables 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 30.00 Cr and a paid-up capital of Rs 25.07 Cr.
The company has closed loans amounting to ₹53.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Urban Ladder Home Decor Solutions Limited India are Vasudevan Iyer as Company Secretary, Vivek Mehta as Ceo, Rakesh Sharma as Cfo, and One other members. Ashish Goel, Akhilesh Prasad, and Ashwin Khasgiwala 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
U74999KA2012PLC062610
- Company No.
062610
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
17 Feb 2012
- Date of AGM
26 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Consumer Electronics & Durables
What products or services does Urban Ladder Home Decor Solutions Limited offer?
Urban Ladder Home Decor Solutions Limited offers a wide range of products and services, including Metal Furniture Suppliers, Metal Sofa, Outdoor and Garden Furniture, Wicker & Rattan Furniture, Bedroom Furniture & Bedroom Sets, Beds, Swings, Swing Chair, Designer Chair, Wing Chair.
Who are the key members and board of directors at Urban Ladder Home Decor Solutions?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vasudevan Iyer | Company Secretary | 31-Oct-2023 | Current |
| Vivek Mehta | CEO | 02-May-2024 | Current |
Rakesh Sharma  | CFO | Current | |
| Vasudevan Iyer | Company Secretary | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ashish Goel | Director | 17-Feb-2012 | Current |
| Akhilesh Prasad | Director | 13-Nov-2020 | Current |
| Ashwin Khasgiwala | Director | 13-Nov-2020 | Current |
Financial Performance of Urban Ladder Home Decor Solutions.
Urban Ladder Home Decor Solutions Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.57% decrease. The company also saw a substantial improvement in profitability, with a 181.1% increase in profit. The company's net worth Soared by an impressive increase of 135.06%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Urban Ladder Home Decor Solutions?
In 2023, Urban Ladder Home Decor Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
V - Retail LimitedAkhilesh Prasad is a mutual person
Mesindus Ventures LimitedAkhilesh Prasad is a mutual person
Marks And Spencer Reliance India Private LimitedAkhilesh Prasad is a mutual person
Kalanikethan Silks LimitedAkhilesh Prasad is a mutual person
Metro Cash And Carry India LimitedAshwin Khasgiwala is a mutual person
Groww Asset Management LimitedAshish Goel is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹53.00 Cr
Charges Breakdown by Lending Institutions
- Others : 31.00 Cr
- Tata Capital Financial Services Limited : 15.00 Cr
- Axis Bank Limited : 6.00 Cr
- Citi Bank N.A. : 1.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 2018 | Others | ₹15.00 Cr | Satisfied |
| 26 Jun 2018 | Axis Bank Limited | ₹6.00 Cr | Satisfied |
| 23 Sep 2017 | Tata Capital Financial Services Limited | ₹15.00 Cr | Satisfied |
| 04 Jan 2017 | Citi Bank N.A. | ₹1.00 Cr | Satisfied |
| 10 Jun 2016 | Others | ₹16.00 Cr | Satisfied |
How Many Employees Work at Urban Ladder Home Decor Solutions?
Urban Ladder Home Decor Solutions has a workforce of 602 employees as of Oct 03, 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 Urban Ladder Home Decor Solutions, 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 Urban Ladder Home Decor Solutions'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 Urban Ladder Home Decor Solutions
Recent activity within the organization
- Annual General Meeting
Urban Ladder Home Decor Solutions Limited last Annual general meeting of members was held on 26 Aug 2024 as per latest MCA records.
- Director Appointment
Vivek Mehta was appointed as a Ceo was appointed as a Ceo on 02 May 2024 & has been associated with this company since 10 months 1 day .
- Balance Sheet
Urban Ladder Home Decor Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Vasudevan Iyer was appointed as a Company Secretary was appointed as a Company Secretary on 31 Oct 2023 & has been associated with this company since 1 year 4 months .
- Charges
A charge registered on 26 Jul 2018 via Charge ID 100206468 with Others was fully satisfied on 15 Dec 2020.
- Charges
A charge registered on 26 Jun 2018 via Charge ID 100195187 with Axis Bank Limited was fully satisfied on 07 Dec 2020.
Recent News, Updates & Announcement
- Urban Ladder Cuts 90 Jobs, CEO Cites Tough Decisions Amid Financial Struggles and Increased Competition.
Urban Ladder had to let go of 90 employees because they couldn't raise enough money and make enough profit. This is their second time doing this. The CEO said they appreciate their employees but had to make tough decisions. They now have 711 employees and made more money in 2018 but still lost money. They got money from investors but are struggling against other companies..
- BE Exclusive: Urban Ladder to focus more on digital, to slash marketing expenditure by 50% in FY20.
The company is aiming a 28.5% increase in net revenue to Rs 450 crore.
- Urban Ladder's Promising Growth and Expansion Plans, Potential for Future IPO, and Strong Competition from Pepperfry.
Urban Ladder expects big growth and less losses this year. They're doing well with their stores and plan to open more. They're also making money and might go public in the future. Their competition, Pepperfry, is also doing good..
Frequently asked questions
What is the Incorporation or founding date of Urban Ladder Home Decor Solutions Limited?
Urban Ladder Home Decor Solutions Limited was incorporated on 17 Feb 2012.
What is authorized share capital and paid-up capital of Urban Ladder Home Decor Solutions Limited?
The authorized share capital of Urban Ladder Home Decor Solutions Limited is ₹ 30.00 Cr and paid-up capital is ₹ 25.07 Cr.
Who are the current board members & directors of Urban Ladder Home Decor Solutions Limited?
Currently 7 directors are associated with Urban Ladder Home Decor Solutions Limited.
- Vasudevan Iyer
- Vivek Mehta
- Rakesh Gajanand Sharma
- Vasudevan Balasubramanian Iyer
- Ashish Goel
- Akhilesh Prasad
- Ashwin Ahamendra Khasgiwala
What is the registered address of Urban Ladder Home Decor Solutions Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Urban Ladder Home Decor Solutions Limited is 1St 2Nd 3Rd Floor 259 276 Amarjyothi Hbcs Layout, Domlur India, Bangalore, Karnataka, 560071.
What is the corporate identification number (CIN) and company number of Urban Ladder Home Decor Solutions Limited?
The corporate identification number (CIN) of Urban Ladder Home Decor Solutions Limited is U74999KA2012PLC062610 and the company number is 062610 as per Ministry of Corporate Affairs (MCA).
What is the official website of Urban Ladder Home Decor Solutions Limited?
The Official website of Urban Ladder Home Decor Solutions Limited is https://www.urbanladder.com
What has been the recent revenue trend for Urban Ladder Home Decor Solutions Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Urban Ladder Home Decor Solutions Limited has fallen by -14.57%.
How many employees does Urban Ladder Home Decor Solutions Limited currently have?
As Per 2023 financial reports, 602 employees are currently employed by Urban Ladder Home Decor Solutions Limited.
What change has been observed in the net worth of Urban Ladder Home Decor Solutions Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Urban Ladder Home Decor Solutions Limited has experienced an upsurge of 135.06%.
When was the last Balance Sheet of Urban Ladder Home Decor Solutions Limited filed with the ROC?
The most recent Balance Sheet for Urban Ladder Home Decor Solutions Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Bharadwaj VenkatavaraghavanAdditional Director
Vani KolaDirector
Krishnan SudarshanDirector
Ishaan MittalNominee Director
Gautam SharmaNominee Director
Deepak GaurNominee DirectorDS
Dhirendra ShahDirectorSP
Sampathkumar PudhukottaiDirector
Similar Companies Based on Furniture Manufacturing
Om Sai Intex Private Limited Bangaluru, Karnataka, India
Haworth India Pvt Ltd Kanchipuram, Tamil Nadu, India
Anj Turnkey Projects Private Limited Mumbai, Maharashtra, India
Methodex Systems Private Limited Delhi, India
Zenith Metaplast Private Limited Nashik, Maharashtra, India
Kewaunee Labway India Private Limited Bengaluru, Karnataka, India
Geeken Seating Collection Private Limited Delhi, India
Homevista Decor And Furnishings Private Limited Bangaluru, Karnataka, India