About Dropbase Software Private Limited
Data last updated:
Dropbase Software Private Limited was a private limited company based in Jaipur, Rajasthan, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 19 August 2014.
The company was registered with the Registrar of Companies (ROC), Jaipur, under CIN U72900RJ2014PTC046095. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹4 Lakh and a paid-up capital of ₹1.93 Lakh. It was led by directors including Rakesh Soorianathan Kanni and Himanshu Meena.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at Room 1 Basement Shop No S – 40 Jda Complex Front Of Post Office Murlipura Scheme, Jaipur, Rajasthan, India – 302032.
As per the financials filed for FY 2018, the company reported a revenue of ₹17.71 Cr, a growth of 128% compared to the previous year. For the same year it recorded a net loss of ₹2.54 Cr (net margin -14.4%) and EBITDA of ₹39.84 Lakh (EBITDA margin 2.2%).
Its group structure included 5 subsidiaries.
The company was associated with 1 brand: Parsel. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending. The company has 14 deals on record (12 funding rounds, 2 secondary share transfers), with disclosed funding of ₹21.17 Cr; the latest was in July 2020.
The last known website on record is parsel.in.
Company details
Contact details
Dropbase Software Private Limited's registered office is in Jaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRoom 1 Basement Shop No S – 40 Jda Complex Front Of Post Office Murlipura Scheme, Jaipur, Rajasthan, India – 302032
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Dropbase Software Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Dropbase Software operates one associated brand: PARSEL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud platform managing inventory, warehouse, dispatch, and delivery for businesses. | parselexchange.com |
Business activity
The main business activity of Dropbase Software is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Dropbase Software Private Limited, buy the company report.
Financials of Dropbase Software Private Limited
FY 2018 filings availableDropbase Software Private Limited reported revenue of ₹17.71 Cr (up 128% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 128% in the latest year. EBITDA rose 110% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹17.71 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹39.84 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.54 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.2% | |||
| Net Profit Margin | -14.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Dropbase Software Private Limited, buy the company report.
Board of directors of Dropbase Software Private Limited
Dropbase Software has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Soorianathan Kanni Also directs: 6M Productline Private Limited | Director | 05 Apr 2017 | 9 Years 7 Months | As last reported |
| Himanshu Meena | Director | 19 Aug 2014 | 12 Years 2 Months | As last reported |
| Deepak Kumar Chopra | Additional Director | 18 May 2019 | 7 Years 5 Months | As last reported |
| Akhil Sharma Also directs: Ironbridge Advisory Services Private Limited | Director | 19 Aug 2014 | 12 Years 2 Months | As last reported |
Auditor
Dropbase Software Private Limited is audited by S G N G & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G N G & CO | FY 2018 | 016008C |
Shareholding
The shareholding of Dropbase Software Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dropbase Software Private Limited, buy the company report.
Deals & funding
Dropbase Software Private Limited has 14 deals on record (12 funding rounds, 2 secondary share transfers), with disclosed funding of ₹21.17 Cr; the latest was in July 2020.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Funding round | ₹3.8 Lakh | Investors: Chemex Goods Pvt Ltd |
| Aug 2016 | Funding round | ₹13 Lakh | Investors: Chemex Goods Pvt Ltd |
| May 2016 | Funding round | ₹9 Lakh | Investors: Chemex Goods Pvt Ltd |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Chemex Goods Pvt Ltd , an individual |
| Dec 2015 | Funding round | ₹2.86 Cr | Investors: Chemex Goods Pvt Ltd , an individual |
To see the full deal history of Dropbase Software Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dropbase Software Private Limited has 7 court cases on record: 4 filed by Dropbase Software, 3 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 0 | 0 |
| District courts | 2 | 1 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court III | Tribunal matter | Filed by the company against Karvy Forde Search Private Ltd and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss Case SW) | Filed against the company by Team Management Services | Pending |
| NCLAT, Court III | Tribunal matter | Filed by the company against an individual | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by an individual | Disposed |
| NCLAT, Registrar Court | Tribunal matter | Filed by the company against an individual | Disposed |
To see the full case history of Dropbase Software Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dropbase Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dropbase Software has 5 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| STCS Logistics Private Limited | U60221TN2017PTC116094 | |
| Saap Logistics Private Limited | U60300KA2016PTC095110 | |
| Patch Software Private Limited | U72900RJ2013PTC043961 | |
| E-Vahan Express Private Limited | U74120GJ2015PTC082507 | |
| Redex Enterprise Private Limited | U93090GJ2019PTC106011 |
To see the full group structure of Dropbase Software Private Limited, buy the company report.
GST
Dropbase Software has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Dropbase Software Private Limited, buy the company report.
Recent activity
Dropbase Software Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Shivraj Harsha ceased to be Additional Director on 14 Apr 2021.
1 earlier event is in the company report.
Frequently asked questions
Dropbase Software has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Dropbase Software was a private limited company based in Jaipur, Rajasthan, India. The company worked in web design and maintenance services, within the information technology industry. It was incorporated on 19 August 2014 and is registered under CIN U72900RJ2014PTC046095. The company has been struck off by the Registrar of Companies and is no longer operational.
Dropbase Software had 4 directors:
- Rakesh Soorianathan Kanni - Director
- Himanshu Meena - Director
- Deepak Kumar Chopra - Additional Director
- Akhil Sharma - Director
The CIN (Corporate Identification Number) of Dropbase Software is U72900RJ2014PTC046095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Dropbase Software is at Room 1 Basement Shop No S – 40 Jda Complex Front Of Post Office Murlipura Scheme, Jaipur, Rajasthan, India – 302032.
Dropbase Software was incorporated on 19 August 2014. It is registered with the Registrar of Companies, Jaipur.
Dropbase Software can be reached through the website parsel.in. Its registered office is in Jaipur, Rajasthan, India.
The latest financial statements of Dropbase Software on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Dropbase Software has 2 GST registrations on record and all of them are cancelled or inactive.
Dropbase Software operated in the information technology industry, in the web design and maintenance services segment. It worked in this industry before it was struck off.
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