About 99 Algorithms Private Limited
Data last updated:
99 Algorithms Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 15 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2015PTC280282. Its GSTIN is 07AAACZ8412C1ZJ (Delhi). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹1.13 Lakh. It is led by directors Ruchi Narang and Rohit Narang.
Its last annual general meeting (AGM) was held on 16 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at H. No.199 Ground Floor Pandit Mohalla, Rangpuri Near Telco Service Station, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2023, the company reported a revenue of ₹2 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹1.69 Cr (net margin -84.4%) and EBITDA of -₹1.63 Cr (EBITDA margin -81.2%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 24% over five years.
The company is associated with 1 brand: MaxWholesale. As per MCA filings, the company has satisfied charges of ₹5.25 Cr on record. The company has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹33.72 Cr; the latest was in December 2022. The company has 28 MSME Form 1 returns on record between 2018 and 2023, listing 119 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxwholesale.in.
Company details
Contact details
99 Algorithms Private Limited's registered office is in New Delhi, Delhi. Its website is maxwholesale.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH. No.199 Ground Floor Pandit Mohalla, Rangpuri Near Telco Service Station, New Delhi, Delhi, India – 110037
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of 99 Algorithms 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
99 Algorithms operates one associated brand: MaxWholesale. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| B2B online marketplace for grocery sourcing is facilitated. | maxwholesale.in |
Business activity
The main business activity of 99 Algorithms is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of 99 Algorithms Private Limited, buy the company report.
Financials of 99 Algorithms Private Limited
FY 2023 filings available99 Algorithms Private Limited reported revenue of ₹2 Cr (down 99% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 99% fall in the latest year. EBITDA rose 87% in the latest year. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.69 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -81.2% | ||||
| Net Profit Margin | -84.4% | ||||
| 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 99 Algorithms Private Limited, buy the company report.
Board of directors of 99 Algorithms Private Limited
99 Algorithms has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ruchi Narang Also directs: GTD Fortune India Private Limited | Director | 29 Oct 2023 | 3 Years 0 Months | Current |
| Rohit Narang | Director | 23 May 2016 | 10 Years 5 Months | Current |
Auditor
99 Algorithms Private Limited is audited by RB Gupta & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RB Gupta & Associates | FY 2023 | 030192N |
Shareholding
The shareholding of 99 Algorithms Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of 99 Algorithms Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2021 | 100452132 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.25 Cr | Satisfied |
To see the full charge records of 99 Algorithms Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
99 Algorithms Private Limited has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹33.72 Cr; the latest was in December 2022.
Deals on record (4 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Status Mark Finvest Limited |
| Nov 2016 | Rights issue | ₹33.5 Lakh | Investors: an individual |
| Jul 2016 | Funding round · Series A | ₹10 Lakh | Investors: Maple Capital Advisors, 2 individuals |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of 99 Algorithms Private Limited, buy the company report.
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 99 Algorithms 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
99 Algorithms Private Limited has 28 MSME Form 1 returns on record between 2018 and 2023, listing 119 overdue payments to 21 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Brandwrks Foundry Private Limited | |||
| Spark Professional Services Private Limited | |||
| Khanal Foods Private Limited | |||
| Bellyfit Food and Beverages Private Limited | |||
| Moksh Agarbatti Co. |
To see the full MSME payment records of 99 Algorithms Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
99 Algorithms has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACZ8412C1ZJ | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of 99 Algorithms Private Limited, buy the company report.
Recent activity
99 Algorithms Private Limited has 10 board changes on record since 2015: 2 appointments and 8 cessations. The latest: Ruchi Narang ceased to be Additional Director on 15 Nov 2023.
3 earlier events are in the company report.
Frequently asked questions
99 Algorithms is an active private limited company based in New Delhi, Delhi, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 15 May 2015 (11+ years old) and is registered under CIN U72300DL2015PTC280282.
99 Algorithms has 2 current directors:
- Ruchi Narang - Director
- Rohit Narang - Director
The latest financial statements of 99 Algorithms on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 16 November 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of 99 Algorithms is 07AAACZ8412C1ZJ, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of 99 Algorithms is U72300DL2015PTC280282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
99 Algorithms was incorporated on 15 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
99 Algorithms has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹33.72 Cr; the latest was in December 2022.
Ruchi Narang ceased to be Additional Director on 15 Nov 2023. Ruchi Narang was appointed as Director on 29 Oct 2023. Samarth Agrawal ceased to be Director on 12 Jun 2023. 99 Algorithms has 10 board changes on record in total.
99 Algorithms has 28 MSME Form 1 returns on record between 2018 and 2023, listing 119 overdue payments to 21 micro and small suppliers. The latest return was filed on 31 Aug 2023.
99 Algorithms can be reached through the website maxwholesale.in. Its registered office is in New Delhi, Delhi, India.
The registered office of 99 Algorithms is at H. No.199 Ground Floor Pandit Mohalla, Rangpuri Near Telco Service Station, New Delhi, Delhi, India – 110037.
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.
