About Shipma Commerce Private Limited
Data last updated:
Shipma Commerce Private Limited is a private limited company based in Bangalore, Karnataka, India. It was incorporated on 05 April 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U82990KA2023PTC171868. Its GSTIN is 29ABKCS4812Q1ZJ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹11.05 Lakh and a paid-up capital of ₹1.95 Lakh. It is led by directors including Vaibhav Ramniwas Verma and Shivram Malakondiah Dega.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.55 1st Floor Municipal Katha No 52/55, Industrial Suburbs Bangalore Kirana Complex, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.85 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹90.59 Lakh (net margin -156.6%) and EBITDA of -₹89.62 Lakh (EBITDA margin -154.9%).
The company is associated with 1 brand: Tradeface. The company has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1.3 Cr; the latest was in July 2023. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Yelkom Technologies Private Limited with revenue of ₹58.5 Lakh.
For more details, the company can be reached via its website tradeface.in.
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- Registered AddressNo.55 1st Floor Municipal Katha No 52/55, Industrial Suburbs Bangalore Kirana Complex, Karnataka, India – 560022
- Company details, directors and signatories
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Business Activity of Shipma Commerce Private Limited
The main business activity of Shipma Commerce is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shipma Commerce Private Limited FY 2025 filings available
Shipma Commerce Private Limited reported revenue of ₹57.85 Lakh (up 248% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shipma Commerce Private Limited
Revenue rose 248% in the latest year. EBITDA fell 92% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Shipma Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | -₹89.62 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹90.59 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 | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Shipma Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -154.9% | •••• |
| Net Profit Margin | -156.6% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shipma Commerce are in the company report.
Financial statements from FY 2024
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Shipma Commerce Private Limited
Shipma Commerce Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yelkom Technologies Private Limited | ₹58.5 Lakh (FY 2023) | •••• | •••• | 8561.0% | •••• | Gobichettipalayam, Tamil Nadu, India |
| United Online India Private Limited | ₹58.5 Lakh (FY 2024) | •••• | •••• | 3135.0% | •••• | New Delhi, Delhi, India |
| Lex Carta Private Limited | ₹58.4 Lakh (FY 2023) | •••• | •••• | 178.0% | •••• | Chennai, Tamil Nadu, India |
| Captivating Epicure Private Limited | ₹58.2 Lakh (FY 2024) | •••• | •••• | -29.0% | •••• | Bhubaneswar, Odisha, India |
| Gettr Technologies (OPC) Private Limited | ₹57.99 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Chennai, Tamil Nadu, India |
| Shipma Commerce Private Limited this company | ₹57.85 Lakh (FY 2025) | •••• | •••• | 248.0% | •••• | Bangalore, Karnataka, India |
| Infinite-Variable Private Limited | ₹57.39 Lakh (FY 2024) | •••• | •••• | 91.0% | •••• | Pune, Maharashtra, India |
| Truly Virtually Private Limited | ₹57.01 Lakh (FY 2024) | •••• | •••• | 55.0% | •••• | Noida, Uttar Pradesh, India |
| X2a Soft Labs Private Limited | ₹56.89 Lakh (FY 2024) | •••• | •••• | 789.0% | •••• | Bangalore, Karnataka, India |
| Saarth Online Services Private Limited | ₹56.58 Lakh (FY 2016) | •••• | •••• | 42.0% | •••• | Delhi, India |
| Bookwater Tech Private Limited | ₹56.57 Lakh (FY 2024) | •••• | •••• | 279.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Shipma Commerce by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Shipma Commerce Private Limited
Shipma Commerce has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Ramniwas Verma | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Shivram Malakondiah Dega | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
| Sebastian George Vempeny | Director | 05 Apr 2023 | 3 Years 6 Months | Current |
Charges & Borrowings of Shipma Commerce Private Limited
Shipma Commerce Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Shipma Commerce Private Limited
Shipma Commerce Private Limited has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1.3 Cr; the latest was in July 2023.
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Shipma Commerce Private Limited
Shipma Commerce operates one associated brand: Tradeface. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a digital B2B marketplace for multi-category products. | tradeface.in |
Employees and EPFO Compliance at Shipma Commerce Private Limited
Employment history and EPFO contributions of people linked to Shipma Commerce.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Shipma Commerce Private Limited
Shipma Commerce Private Limited has 3 board changes on record since 2023: 3 appointments. The latest: Sebastian George Vempeny was appointed as Director on 05 Apr 2023.
Credit Ratings, Litigation & Regulatory Alerts for Shipma Commerce Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Shipma Commerce Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shipma Commerce Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shipma Commerce Private Limited
Shipma Commerce has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABKCS4812Q1ZJ | Karnataka | Active | 05 Jun 2023 |
| 29ABKCS4812Q1CU | Karnataka | Active | 17 Jun 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shipma Commerce Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Shipma Commerce Private Limited
Shipma Commerce is an active private limited company based in Bangalore, Karnataka, India. It was incorporated on 05 April 2023 (3+ years old) and is registered under CIN U82990KA2023PTC171868.
Shipma Commerce reported revenue of ₹57.85 Lakh for FY 2025 (up 248% YoY).
Shipma Commerce has 3 current directors:
- Vaibhav Ramniwas Verma - Director
- Shivram Malakondiah Dega - Director
- Sebastian George Vempeny - Director
Shipma Commerce reported a net loss of ₹90.59 Lakh (net margin -156.6%) and EBITDA of -₹89.62 Lakh (EBITDA margin -154.9%) for FY 2025, as per its filed financial statements.
The GSTIN of Shipma Commerce is 29ABKCS4812Q1ZJ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29ABKCS4812Q1CU (Karnataka).
The CIN (Corporate Identification Number) of Shipma Commerce is U82990KA2023PTC171868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shipma Commerce was incorporated on 05 April 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
Shipma Commerce has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1.3 Cr; the latest was in July 2023.
The peers of Shipma Commerce by revenue are Yelkom Technologies Private Limited, United Online India Private Limited, Lex Carta Private Limited, Captivating Epicure Private Limited, Gettr Technologies (OPC) Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Sebastian George Vempeny was appointed as Director on 05 Apr 2023. Shivram Malakondiah Dega was appointed as Director on 05 Apr 2023. Vaibhav Ramniwas Verma was appointed as Director on 05 Apr 2023.
Shipma Commerce can be reached through the website tradeface.in. Its registered office is in Bangalore, Karnataka, India.