About Hippily Technology Private Limited
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Hippily Technology Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Hippily Inc. 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 17 December 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2013PTC251132. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹71.79 Lakh and a paid-up capital of ₹71.79 Lakh. It was led by directors including Prajakta Deolasee and Chitra Lakshmanan.
Its last annual general meeting (AGM) was held on 31 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Unit 401C Hyde Park Saki Vihar Road Andheri (East), Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2018, the company reported a revenue of ₹90.19 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹2.46 Lakh (net margin -2.7%) and EBITDA of -₹76.69 Lakh (EBITDA margin -85%). Revenue has grown at a compounded annual rate (CAGR) of 727% over three years.
The company was associated with 1 brand: Hippily. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹26.2 Lakh; the latest was in April 2017.
The last known website on record is hippily.com.
Company details
Contact details
Hippily Technology Private Limited's registered office is in Mumbai, Maharashtra. Its website is hippily.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 401C Hyde Park Saki Vihar Road Andheri (East), Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Hippily Technology 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
Hippily Technology operates one associated brand: Hippily. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a mobile app for discovering products through social connections. | hippily.com |
Business activity
The main business activity of Hippily Technology 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 Hippily Technology Private Limited, buy the company report.
Financials of Hippily Technology Private Limited
FY 2019 filings availableHippily Technology Private Limited reported revenue of ₹90.19 Lakh (down 44% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 727%. 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 | ||||
| Other Income | ||||
| Total Revenue | ₹90.19 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹76.69 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.46 Lakh | |||
| 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 | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -85% | |||
| Net Profit Margin | -2.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| 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 Hippily Technology Private Limited, buy the company report.
Board of directors of Hippily Technology Private Limited
Hippily Technology has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prajakta Deolasee Also directs: Socho India Private Limited | Director | 01 Apr 2015 | 11 Years 6 Months | As last reported |
| Chitra Lakshmanan | Director | 31 Mar 2019 | 7 Years 6 Months | As last reported |
| Viswanath Ramachandran | Director | 17 Dec 2013 | 12 Years 10 Months | As last reported |
Auditor
Hippily Technology Private Limited is audited by K A S H & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A S H & CO | FY 2018 | 134718W |
Shareholding
The shareholding of Hippily Technology 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 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hippily Technology Private Limited, buy the company report.
Deals & funding
Hippily Technology Private Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹26.2 Lakh; the latest was in April 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Funding round | ₹26.2 Lakh | Investors: Hippily INC |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Hippily INC Seller: 2 individuals |
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 Hippily Technology 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 Hippily Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hippily Technology has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hippily Technology Private Limited, buy the company report.
Recent activity
Hippily Technology Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Chitra Lakshmanan was appointed as Director on 31 Mar 2019.
Frequently asked questions
Hippily Technology 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.
Hippily Technology was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 17 December 2013 and is registered under CIN U72300MH2013PTC251132. The company has been struck off by the Registrar of Companies and is no longer operational.
Hippily Technology had 3 directors:
- Prajakta Deolasee - Director
- Chitra Lakshmanan - Director
- Viswanath Ramachandran - Director
The CIN (Corporate Identification Number) of Hippily Technology is U72300MH2013PTC251132. 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 Hippily Technology is at Unit 401C Hyde Park Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072.
Hippily Technology was incorporated on 17 December 2013. It is registered with the Registrar of Companies, Mumbai.
Hippily Technology can be reached through the website hippily.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Hippily Technology on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 August 2019. Year-wise statements from 2015 are in the company report.
No. Hippily Technology has 1 GST registration on record and it is cancelled or inactive.
Hippily Technology operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.