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FASHNEAR TECHNOLOGIES PRIVATE LIMITED

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Updated: 06 Nov 2024

The company operates as a software developer firm. It provides computer programming services.

Fashnear Technologies Private Limited, is an unlisted private company incorporated on 13 August, 2015. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 10.00 cr and the total paid-up capital is INR 8.44 cr.

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Industry

Business Services
Products
  • Computer Software Developments for Product Development, Stationery and Housewares etc.
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
32.79%
₹ 7,614.9
EBITDA
-
₹ -470.7
Net Profit
-
₹ -305.0
Networth
-2.47%
₹ 2,123.6
Borrowings
-
₹ -
Assets
13.49%
₹ 4,032.7
Gross Margin
-
100.0 %
Operating Margin
25.18
-6.2 %
Net Profit Margin
24.55
-3.9 %
Return on Equity
62.57
-14.4 %
ROCE
123.06
-24.5 %
Debt to Equity
-
0.0
Sales
Mar 2024
Net worth
Mar 2024

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Locations

indian flag India (15)
State Type Address

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Tofler Score

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Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • CASH DETERIORATING
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

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Clues Network Private Limited Haryana
A.M. Marketplaces Private Limited Delhi
Tata Unistore Limited Maharashtra

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 306.9 792.8 3,232.3 5,734.5 7,614.9
Operating profit -340.0 -535.6 -3,366.0 -1,798.6 -470.7
Net profit -306.7 -498.7 -3,247.8 -1,675.0 -305.0
Gross margin 100.0 100.0 100.0 100.0 100.0
Operating margin -110.8 -67.6 -104.1 -31.4 -6.2
Net margin -88.0 -59.5 -96.7 -28.4 -3.9
Networth 614.4 153.4 472.7 2,177.3 2,123.6
Borrowings - - - - -
Assets 733.3 739.1 2,615.9 3,553.3 4,032.7
Debt to equity 0.0 0.0 0.0 0.0 0.0
Current ratio 6.1 1.2 1.2 1.9 2.1
ROE -49.9 -325.0 -687.1 -76.9 -14.4
Days payable - - - - -
WC days 702.0 66.0 49.0 75.0 98.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
₹
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3.9 3.9 6.2 7.8 7.8
Reserves 610.5 149.5 466.4 2,169.5 2,115.8
Borrowings + - - - - -
Long term borrowings - - - - -
Short term borrowings - - - - -
Trade payables + 79.8 285.9 1,326.2 851.7 853.8
Days payable - - - - -
Other liabilities + 118.8 585.7 2,143.2 1,376.0 1,909.1
Other non-current liabilities 2.8 4.0 14.1 23.0 72.6
Other current liabilities 36.2 295.9 803.0 501.3 982.8
Total liabilities 733.3 739.1 2,615.9 3,553.3 4,032.7
Fixed Assets + 14.0 8.0 34.9 57.8 112.0
Tangible assets 7.5 5.9 28.9 34.1 110.4
CWIP 5.0 - - 1.7 -
Intangible assets 1.5 2.0 6.1 21.9 1.6
LT loans and advances 12.3 3.9 - - -
Other non-current assets 0.3 1.6 18.5 961.5 40.4
Current assets + 706.7 725.6 2,562.5 2,534.0 3,880.3
Inventories - - - - -
Trade receivables 14.7 153.9 443.6 0.4 -
Cash and cash equivalents 45.6 71.0 423.7 95.2 136.6
ST loans and advances 2.6 12.9 2.9 5.0 2.0
Other current assets 643.8 487.8 1,692.3 2,433.4 3,741.7
Total assets 733.3 739.1 2,615.9 3,553.3 4,032.7
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Total assets

Profit & Loss

Standalone
Consolidated
₹
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 306.9 792.8 3,232.3 5,734.5 7,614.9
Sales growth % 283.47 158.32 307.7 77.41 32.79
Expenses + 655.4 1,337.3 6,607.2 7,564.3 8,150.1
Cost of goods - - - - -
Employee cost 106.8 149.3 509.3 726.3 750.5
Other costs 540.0 1,179.1 6,089.0 6,806.8 7,335.1
Operating profit + -340.0 -535.6 -3,366.0 -1,798.6 -470.7
Operating margin % -110.8 -67.6 -104.1 -31.4 -6.2
Other income 41.8 45.8 127.1 154.8 230.2
Interest 0.6 0.2 - 1.3 6.4
Depreciation 7.9 8.7 9.0 29.8 58.1
Exceptional items - - - - -
Profit before tax -306.7 -498.7 -3,247.8 -1,675.0 -305.0
Tax - - - - -
Profit - disc. ops - - - - -
Net profit -306.7 -498.7 -3,247.8 -1,675.0 -305.0
Net margin % -88.0 -59.5 -96.7 -28.4 -3.9
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.0 0.0 0.0 0.0
Net Debt/Equity 0.0 0.0 0.0 0.0 0.0
Total Debt/Assets 0.0 0.0 0.0 0.0 0.0
Total Assets/Equity 1.2 4.8 5.5 1.6 1.9
Liquidity +
Current Ratio 6.1 1.2 1.2 1.9 2.1
Quick Ratio 6.1 1.2 1.2 1.9 2.1
Interest Coverage -567.5 -2,746.6 -152,998.4 -1,344.2 -73.9
Performance
Gross Margin 100.0 100.0 100.0 100.0 100.0
Operating Margin -110.8 -67.6 -104.1 -31.4 -6.2
Net Margin -88.0 -59.5 -96.7 -28.4 -3.9
Return +
Return on Equity -49.9 -325.0 -687.1 -76.9 -14.4
Pre-tax ROCE -57.5 -358.4 -720.8 -147.6 -24.5
Return on Assets -41.8 -67.5 -124.2 -47.1 -7.6
Pre-tax ROIC -56.6 -354.8 -714.0 -84.0 -24.9
Efficiency +
Days Payable - - - - -
Days Inventory - - - - -
Days Receivable 17.0 71.0 50.0 0.0 0.0
Fixed Asset Turnover 22.0 99.6 92.6 99.2 68.0
Total Asset Turnover 0.4 1.1 1.2 1.6 1.9
Working Capital
Cash Conversion Cycle 17.0 71.0 50.0 0.0 0.0
Working Capital Days 702.0 66.0 49.0 75.0 98.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

State Bank of India

No. of Loans: 1

Total Amount : 250.0 cr

2

JPMorgan Chase Bank, N.A.

No. of Loans: 1

Total Amount : 245.0 cr

3

ICICI Bank Limited

No. of Loans: 2

Total Amount : 35.0 cr

4

Yes Bank Limited

No. of Loans: 1

Total Amount : 6.0 cr

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Charges

State Bank of India
JPMorgan Chase Bank, N.A.
ICICI Bank Limited
Yes Bank Limited

People

Designation Name DIN/PAN Tenure
Whole-time Director Vidit Aatrey
Shareholder
07248661 10 years
Whole-time Director Sanjeev Kumar 07248672 10 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
FNS TECHNOLOGIES PRIVATE LIMITED
Strike Off
1.0 L 2 Karnataka
POPSHOP COMMERCE PRIVATE LIMITED
Under Liquidation
8.9 Cr 2 Karnataka
NAVI TECHNOLOGIES LIMITED
Active
2,881.4 Cr 1 Karnataka
MEESHO PAYMENTS PRIVATE LIMITED
Active
20.3 L 2 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
MEESHO GROCERY PRIVATE LIMITED India - -
MEESHO TECHNOLOGIES PRIVATE LIMITED India - -

Registered Details

CIN

U74900KA2015PTC082263

PAN

AACCF6368D

Incorporation

2015, 9.7 years

Company Email

cs@meesho.com

Paid up Capital

₹ 8.4 Cr

Authorised Capital

₹ 10.0 Cr

AGM

Sep 2024

Type

Private
Non-government Company

FAQ - FASHNEAR TECHNOLOGIES PRIVATE LIMITED

What is the incorporation date of FASHNEAR TECHNOLOGIES PRIVATE LIMITED?

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The incorporation date of FASHNEAR TECHNOLOGIES PRIVATE LIMITED is 13 August, 2015

What is the authorized share capital of FASHNEAR TECHNOLOGIES PRIVATE LIMITED?

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The authorized share capital of FASHNEAR TECHNOLOGIES PRIVATE LIMITED is INR ₹ 10.0 Cr.

What is the paid-up capital of FASHNEAR TECHNOLOGIES PRIVATE LIMITED?

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The paid-up capital of FASHNEAR TECHNOLOGIES PRIVATE LIMITED is INR ₹ 8.4 Cr.

What is the registered address of FASHNEAR TECHNOLOGIES PRIVATE LIMITED?

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The registered address of FASHNEAR TECHNOLOGIES PRIVATE LIMITED is 3rd Floor, Wing-E, Helios Business Park, Kadubeesanahalli Vi llage, Varthur Hobli, Outer Ring Road B Bangalore South Bangalore Karnataka - 560103

What is the CIN number of FASHNEAR TECHNOLOGIES PRIVATE LIMITED?

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The CIN number of FASHNEAR TECHNOLOGIES PRIVATE LIMITED is U74900KA2015PTC082263.

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