Shopfree Technologies Private Limited
About Shopfree Technologies Private Limited
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Shopfree Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the computer and IT-related services segment of the technology and IT services sector. It was incorporated on 08 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC135686.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Srikanth Doreswamy Iyengar Chakravarthy and Ajay Srikanth Chakravarthy.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at #6 Sri Vatsa 1st Cross Telecom Layout Vidyaranyapura Chalukya Apartment, Bangalore, Karnataka, India – 560097.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.31 Lakh, a growth of 48% compared to the previous year. For the same year it recorded a net loss of ₹2.11 Lakh (net margin -161.4%) and EBITDA of -₹2.11 Lakh (EBITDA margin -161.4%).
Company details
Contact details
Shopfree Technologies Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered Address#6 Sri Vatsa 1st Cross Telecom Layout Vidyaranyapura Chalukya Apartment, Bangalore, Karnataka, India – 560097
- IndustryInformation Technology, Other Computer Related Activities
To see the full contact details of Shopfree Technologies 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
Business activity
The main business activity of Shopfree Technologies is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Shopfree Technologies Private Limited, buy the company report.
Financials of Shopfree Technologies Private Limited
FY 2022 filings availableShopfree Technologies Private Limited reported revenue of ₹1.31 Lakh (up 48% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 48% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹1.31 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.11 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.11 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
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -161.4% | |
| Net Profit Margin | -161.4% | |
| 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 Shopfree Technologies Private Limited, buy the company report.
Board of directors of Shopfree Technologies Private Limited
Shopfree Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srikanth Doreswamy Iyengar Chakravarthy | Director | 08 Jul 2020 | 6 Years 3 Months | Current |
| Ajay Srikanth Chakravarthy | Director | 08 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Shopfree Technologies Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neoron Energy Network Private Limited | ₹1.31 Lakh (FY 2024) | -34.0% | New Delhi, Delhi, India | |||
| MDC Lifestyle India Private Limited | ₹1.31 Lakh (FY 2016) | -37.0% | Pune, Maharashtra, India | |||
| Friends Care Foundation | ₹1.31 Lakh (FY 2025) | Pali, Rajasthan, India | ||||
| Sahya Tech Services Private Limited | ₹1.31 Lakh (FY 2021) | Kozhikode, Kerala, India | ||||
| Genista Engineers Private Limited | ₹1.31 Lakh (FY 2024) | -35.0% | New Delhi, Delhi, India | |||
| Shopfree Technologies Private Limitedthis company | ₹1.31 Lakh (FY 2022) | -₹2.11 Lakh | -161.4% | 48.0% | Bangalore, Karnataka, India | |
| SNS Imports & Exports Private Limited | ₹1.31 Lakh (FY 2024) | 4.0% | New Delhi, Delhi, India | |||
| Nullpointer Institute of Technology Private Limited | ₹1.31 Lakh (FY 2018) | -78.0% | Thane, Maharashtra, India | |||
| Bji 108 Private Limited | ₹1.31 Lakh (FY 2024) | -84.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Shopfree Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shopfree Technologies 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 Shopfree Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shopfree Technologies Private Limited has 1 active EPFO establishment as of Mar 28, 2024.
GST
No GST registration is on our record for Shopfree Technologies Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shopfree Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ajay Srikanth Chakravarthy was appointed as Director on 08 Jul 2020.
Frequently asked questions
Shopfree Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in other computer related activities, within the information technology industry. It was incorporated on 08 July 2020 (6+ years old) and is registered under CIN U72900KA2020PTC135686.
Shopfree Technologies has 2 current directors:
- Srikanth Doreswamy Iyengar Chakravarthy - Director
- Ajay Srikanth Chakravarthy - Director
The latest financial statements of Shopfree Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Shopfree Technologies is U72900KA2020PTC135686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shopfree Technologies was incorporated on 08 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Shopfree Technologies by revenue are Neoron Energy Network Private Limited, MDC Lifestyle India Private Limited, Friends Care Foundation, Sahya Tech Services Private Limited, Genista Engineers Private Limited and 3 more, all in the same principal business activity (other professional, scientific and technical activities).
Ajay Srikanth Chakravarthy was appointed as Director on 08 Jul 2020. Srikanth Doreswamy Iyengar Chakravarthy was appointed as Director on 08 Jul 2020.
The registered office of Shopfree Technologies is at #6 Sri Vatsa 1st Cross Telecom Layout Vidyaranyapura Chalukya Apartment, Bangalore, Karnataka, India – 560097.
Shopfree Technologies operates in the information technology industry, in the other computer related activities segment.
Shopfree Technologies can be reached at its registered office: #6 Sri Vatsa 1st Cross Telecom Layout Vidyaranyapura Chalukya Apartment, Bangalore, Karnataka, India – 560097.
Shopfree Technologies is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.