About Thinkbits Internet Technologies Private Limited
Data last updated:
Thinkbits Internet Technologies Private Limited was a private limited company based in Hyderabad, Telangana, India. 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 online apparel retail segment of the e-commerce sector. It was incorporated on 11 October 2013.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2013PTC090518. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.61 Lakh. It was led by directors Jayadeep Salveru Reddy and Thummala Srikanth Pandu.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 12 – 2 – 790/148 Gudimalkapur Ayodhya Nagar, Hyderabad, Telangana, India – 500028.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.84 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.2 Cr and EBITDA of -₹1.18 Cr.
The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.67 Cr; the latest was in January 2015.
The last known website on record is violetstreet.com.
Company details
CIN history
Thinkbits Internet Technologies has one previous CIN (Corporate Identification Number): U72200AP2013PTC090518. The current CIN is U72200TG2013PTC090518, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2013PTC090518 | Current |
| U72200AP2013PTC090518 | Previous |
Contact details
Thinkbits Internet Technologies Private Limited's registered office is in Hyderabad, Telangana. Its website is violetstreet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 – 2 – 790/148 Gudimalkapur Ayodhya Nagar, Hyderabad, Telangana, India – 500028
- IndustryE-Commerce, Online Apparel Retail, Online Footwear Retail, Online Watches & Jewelry Retail
To see the full contact details of Thinkbits Internet 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 Thinkbits Internet Technologies is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Thinkbits Internet Technologies Private Limited, buy the company report.
Financials of Thinkbits Internet Technologies Private Limited
FY 2016 filings availableThinkbits Internet Technologies Private Limited reported revenue of ₹5.84 Lakh (up 2031% YoY) for FY 2016.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5.84 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.18 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.2 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| 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 Thinkbits Internet Technologies Private Limited, buy the company report.
Board of directors of Thinkbits Internet Technologies Private Limited
Thinkbits Internet Technologies has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayadeep Salveru Reddy Also directs: Indian Startup Ventures LLP, Rhombus Synergy Techsol LLP | Director | 01 Sep 2016 | 10 Years 2 Months | As last reported |
| Thummala Srikanth Pandu | Director | 11 Mar 2017 | 9 Years 7 Months | As last reported |
Auditor
Thinkbits Internet Technologies Private Limited is audited by K C M S & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K C M S & ASSOCIATES | FY 2016 | 006770S |
Shareholding
The shareholding of Thinkbits Internet Technologies Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thinkbits Internet Technologies Private Limited, buy the company report.
Deals & funding
Thinkbits Internet Technologies Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.67 Cr; the latest was in January 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Funding round | ₹1.57 Cr | Investors: 4 individuals |
| Jun 2014 | Funding round | ₹10 Lakh | Investors: 50K Ventures, The Seed Fund, 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 Thinkbits Internet 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 Thinkbits Internet Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thinkbits Internet Technologies 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 Thinkbits Internet Technologies Private Limited, buy the company report.
Recent activity
Thinkbits Internet Technologies Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Nayan Kumar Mitta ceased to be Director on 11 Mar 2017.
Frequently asked questions
Thinkbits Internet Technologies 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.
Thinkbits Internet Technologies was a private limited company based in Hyderabad, Telangana, India. The company worked in online apparel retail, within the e-commerce industry. It was incorporated on 11 October 2013 and is registered under CIN U72200TG2013PTC090518. The company has been struck off by the Registrar of Companies and is no longer operational.
Thinkbits Internet Technologies had 2 directors:
- Jayadeep Salveru Reddy - Director
- Thummala Srikanth Pandu - Director
The CIN (Corporate Identification Number) of Thinkbits Internet Technologies is U72200TG2013PTC090518. 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 Thinkbits Internet Technologies is at 12 – 2 – 790148 Gudimalkapur Ayodhya Nagar, Hyderabad, Telangana, India – 500028.
Thinkbits Internet Technologies was incorporated on 11 October 2013. It is registered with the Registrar of Companies, Hyderabad.
Thinkbits Internet Technologies can be reached through the website violetstreet.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Thinkbits Internet Technologies on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Thinkbits Internet Technologies has 1 GST registration on record and it is cancelled or inactive.
Thinkbits Internet Technologies operated in the e-commerce industry, in the online apparel retail segment. It worked in this industry before it was struck off.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
