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Hicetane Logistics Innovations Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.27 Cr
▲ 47% YoY
Net loss · FY 2024
₹23.11 Lakh
Net margin -10.2%
EBITDA · FY 2024
-₹20.54 Lakh
EBITDA margin -9.1%
Authorised capital
₹10.3 Lakh
Registered with MCA
Paid-up capital
₹1.33 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Hicetane Logistics Innovations Private Limited
Data last updated:
Hicetane Logistics Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 12 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC108613. Its GSTIN is 29AAECH3841H1ZI (Karnataka).
The company has an authorised share capital of ₹10.3 Lakh and a paid-up capital of ₹1.33 Lakh. It is led by directors including Jayavel Murugan Manoj Kumar and Vijayakumar Suhas.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at # 18 I Main 6th Cross Sudhamanagar, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.27 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹23.11 Lakh (net margin -10.2%) and EBITDA of -₹20.54 Lakh (EBITDA margin -9.1%). Revenue has grown at a compounded annual rate (CAGR) of 126% over three years and 298% over five years.
The company is associated with 1 brand: RoaDo. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.03 Cr; the latest was in August 2021.
Hicetane Logistics Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0027414). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website roado.co.in.
Company details
CIN U74999KA2017PTC108613
Registration Number 108613
Incorporation Date 12 December 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0027414
Key People
Jayavel Murugan Manoj Kumar Director Vijayakumar Suhas Director Narayan Sanjeev Chavan Director Recognitions & Rankings of Hicetane Logistics Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0027414
Contact details
Hicetane Logistics Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is roado.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 18 I Main 6th Cross Sudhamanagar, Bangalore, Karnataka, India – 560027
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Hicetane Logistics Innovations Private Limited, buy the company report.
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Hicetane Logistics Innovations Private Limited - one report that includes everything
- 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
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Brands
Hicetane Logistics Innovations operates one associated brand: RoaDo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fleet management solutions are provided for logistics digitization and efficiency. | roado.co.in |
Business activity
The main business activity of Hicetane Logistics Innovations is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Hicetane Logistics Innovations Private Limited, buy the company report.
Financials of Hicetane Logistics Innovations Private Limited
FY 2024 filings availableHicetane Logistics Innovations Private Limited reported revenue of ₹2.27 Cr (up 47% YoY) for FY 2024.
Revenue · FY 2024
₹2.27 Cr ▲ 47%
Net loss · FY 2024
₹23.11 Lakh margin -10.2%
EBITDA · FY 2024
-₹20.54 Lakh margin -9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 126%
5 years · compounded
▲ 298%
EBITDA CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 4%
5 years · compounded
▼ 25%
Revenue has grown at a compounded annual rate (CAGR) of 298% over five years, including 47% growth in the latest year. EBITDA rose 85% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹20.54 Lakh | ||||
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| Net Profit (PAT) | -₹23.11 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -9.1% | ||||
| Net Profit Margin | -10.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Hicetane Logistics Innovations Private Limited, buy the company report.
Board of directors of Hicetane Logistics Innovations Private Limited
Hicetane Logistics Innovations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayavel Murugan Manoj Kumar | Director | 12 Dec 2017 | 8 Years 11 Months | Current |
| Vijayakumar Suhas | Director | 01 Jun 2019 | 7 Years 5 Months | Current |
| Narayan Sanjeev Chavan | Director | 01 Jun 2019 | 7 Years 5 Months | Current |
Auditor
Hicetane Logistics Innovations Private Limited is audited by KUPENDRA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUPENDRA & ASSOCIATES | FY 2022 | 012590S |
Shareholding
The shareholding of Hicetane Logistics Innovations Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hicetane Logistics Innovations Private Limited, buy the company report.
Deals & funding
Hicetane Logistics Innovations Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.03 Cr; the latest was in August 2021.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹2.03 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Funding round | ₹60.5 Lakh | Investors: Capital A, 3 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
To see the full deal history of Hicetane Logistics Innovations 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
No court or tribunal cases involving Hicetane Logistics Innovations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hicetane Logistics Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hicetane Logistics Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3841H1ZI | Karnataka | Active | 19 Feb 2018 |
To see the full GST registrations and return filing status of Hicetane Logistics Innovations Private Limited, buy the company report.
Recent activity
Hicetane Logistics Innovations Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Palani Jayavel Swamy ceased to be Director on 31 Jan 2020.
AGM
Hicetane Logistics Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hicetane Logistics Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Palani Jayavel Swamy ceased to be Director.
Appointed
Narayan Sanjeev Chavan was appointed as Director.
Appointed
Vijayakumar Suhas was appointed as Director.
Appointed
Jayavel Murugan Manoj Kumar was appointed as Director.
Incorporation
12 Dec 2017
Hicetane Logistics Innovations Private Limited was registered on 12 Dec 2017 with Roc Bangalore & aged 8 years 11 months as per MCA records.
Frequently asked questions
Hicetane Logistics Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 12 December 2017 (9+ years old) and is registered under CIN U74999KA2017PTC108613.
Hicetane Logistics Innovations has 3 current directors:
- Jayavel Murugan Manoj Kumar - Director
- Vijayakumar Suhas - Director
- Narayan Sanjeev Chavan - Director
The latest financial statements of Hicetane Logistics Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Hicetane Logistics Innovations is 29AAECH3841H1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Hicetane Logistics Innovations is U74999KA2017PTC108613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicetane Logistics Innovations was incorporated on 12 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Hicetane Logistics Innovations has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.03 Cr; the latest was in August 2021.
Palani Jayavel Swamy ceased to be Director on 31 Jan 2020. Narayan Sanjeev Chavan was appointed as Director on 01 Jun 2019. Vijayakumar Suhas was appointed as Director on 01 Jun 2019. Hicetane Logistics Innovations has 4 board changes on record in total.
Yes, Hicetane Logistics Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Hicetane Logistics Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0027414).
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