Hug Initiatives LLP - business services in Hyderabad, Telangana, India. Directors, charges & compliance details.
LLPIN AAY-2357 Incorporated 18 August 2021 ROC Hyderabad HQ Hyderabad, Telangana, India
Active Limited Liability Partnership business services
Data last updated
Contribution obligation
₹10,000
As per LLP agreement
LLP age
5 yrs
Est. 2021
Designated partners
2
As per MCA filings
Last financials
Mar 2024
Balance sheet date
LLP status
Active
MCA master data
Registrar
Hyderabad
ROC office
Incorporated
18 Aug 2021
Date of incorporation
Entity type
LLP
As registered with MCA

About Hug Initiatives LLP

Data last updated:

Hug Initiatives LLP is a limited liability partnership (LLP) based in Hyderabad, Telangana, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 18 August 2021 and has been in existence for over 5 years.

The LLP is registered with the Registrar of Companies (ROC), Hyderabad, under LLPIN AAY-2357.

The LLP has a total obligation of contribution of β‚Ή10,000. It was formerly known as Ascend Workforce Llp. It is led by designated partners Sridevi Nakka and Nirup Gnanendra Nakka.

Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Flat No. H3504 My Home Bhooja Sy.No. 83/1 Knowledge City Raidugram Panmaktha, Near Biodiversity Gachibowli Hyderabad Telangana, Telangana, India – 500032.

Company details

LLPIN AAY-2357
Incorporation Date 18 August 2021
Total Obligation of Contribution β‚Ή10,000
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2024

Contact details

Hug Initiatives LLP's registered office is in Hyderabad, Telangana.

  • Registered Address
    Flat No. H3504 My Home Bhooja Sy.No. 83/1 Knowledge City Raidugram Panmaktha, Near Biodiversity Gachibowli Hyderabad Telangana, Telangana, India – 500032
  • Industry
    Business Services, Other Services
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Financials of Hug Initiatives LLP

FY 2024 filings available

Financial Statement Summary

Statement of Account and SolvencyFY 2023-24FY 2022-23FY 2021-22
Income and Expenditure
Turnover
Other Income
Total Income
Purchases and Direct Costs
Personnel Expenses
Administrative Expenses
Interest
Depreciation
Total Expenses
Profit Before Tax
Tax
Profit After Tax
Profit Transferred to Partners
Assets and Liabilities
Partners' Contribution
Reserves and Surplus
Secured Loans
Unsecured Loans
Trade Payables
Other Liabilities and Provisions
Total Liabilities
Fixed Assets
Investments
Loans and Advances
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

Statement of Account and SolvencyFY 2023-24FY 2022-23FY 2021-22
Profitability
Net Profit Margin
Return on Partners' Funds
Return on Assets
Liquidity and Debt
Current Ratio
Debt to Partners' Funds
Interest Coverage
Efficiency and Growth
Asset Turnover
Receivable Days
Turnover Growth
Profit Growth

To see the full financial statements and ratios of Hug Initiatives LLP, buy the company report.

Designated partners of Hug Initiatives LLP

Hug Initiatives has 2 designated partners on record. No former designated partners are listed.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Sridevi NakkaDesignated Partner18 Aug 20215 Years 2 MonthsCurrent
Nirup Gnanendra NakkaDesignated Partner18 Aug 20215 Years 2 MonthsCurrent

MSME payment delays

No delayed payments to MSME suppliers are on our record for Hug Initiatives LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Hug Initiatives LLP; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Hug Initiatives LLP has 2 designated partner changes on record since 2021: 2 appointments. The latest: Nirup Gnanendra Nakka was appointed as Designated Partner on 18 Aug 2021.

AGM
Hug Initiatives Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Hug Initiatives Llp has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Appointed
Nirup Gnanendra Nakka was appointed as Designated Partner.
Appointed
Sridevi Nakka was appointed as Designated Partner.
Incorporation
18 Aug 2021
Hug Initiatives Llp was registered on 18 Aug 2021 with Roc Hyderabad & aged 5 years 2 months as per MCA records.

Frequently asked questions

Hug Initiatives is an active limited liability partnership based in Hyderabad, Telangana, India. The LLP works in other services, within the business services industry. It was incorporated on 18 August 2021 (5+ years old) and is registered under LLPIN AAY-2357.

Hug Initiatives has 2 current designated partners:

The latest financial statements of Hug Initiatives on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2022 are in the company report.

The LLPIN (Limited Liability Partnership Identification Number) of Hug Initiatives is AAY-2357. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Hug Initiatives was incorporated on 18 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Hyderabad.

Nirup Gnanendra Nakka was appointed as Designated Partner on 18 Aug 2021. Sridevi Nakka was appointed as Designated Partner on 18 Aug 2021.

The registered office of Hug Initiatives is at Flat No. H3504 My Home Bhooja Sy.No. 831 Knowledge City Raidugram Panmaktha, Near Biodiversity Gachibowli Hyderabad Telangana, Telangana, India – 500032.

Hug Initiatives operates in the business services industry, in the other services segment.

Yes. Hug Initiatives was formerly known as Ascend Workforce Llp.

Hug Initiatives can be reached at its registered office: Flat No. H3504 My Home Bhooja Sy.No. 831 Knowledge City Raidugram Panmaktha, Near Biodiversity Gachibowli Hyderabad Telangana, Telangana, India – 500032.