About SwingIt
SwingIt is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2019. It provides an app-based platform for on-demand hyperlocal delivery services to users. It operates on a B2C model. Its Indian entity Acelema It Solutions Private Limited reported revenue of ₹73.3 Lakh. Its focus areas include Transportation and Logistics, Delivery Services, On-Demand Logistics and Hyperlocal Delivery. Its competitors include Swiggy, Hanchens and EasyMovr; 2 of its 3 listed competitors have raised funding.
Company details
SwingIt, established in 2019, excels in transportation and logistics, offering delivery services, on-demand logistics, and hyperlocal delivery. Provides an app-based platform for on-demand hyperlocal delivery services to users. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Delhi, India
- SectorsTransportation, Automotive & Logistics
- Website swingit.in
- Legal Name Acelema It Solutions Private Limited
- Date of Incorporation 25 May, 2018
- Jurisdiction Delhi, India
- Annual Revenue₹73.3 Lakh
FY 2022 · -17% YoY
- Net Profit₹2.8 Lakh
FY 2022 · 4% margin
- EBITDA₹3.9 Lakh
FY 2022 · 5% margin
Associated legal entities of SwingIt
SwingIt operates through Acelema It Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Acelema It Solutions Private Limited CIN U74999DL2018PTC334511 | Active | 25 May 2018 | Delhi, Delhi | ₹0.7 Cr | 2 | View details |
Board of directors of Acelema It Solutions Private Limited (SwingIt)
Acelema It Solutions Private Limited is the primary company behind SwingIt. The board of Acelema It Solutions Private Limited currently have 2 directors; the longest-serving is Amar Kant Singh, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amar Kant Singh DIN 08143193 | Director | 25 May 2018 | 8 yrs 5 mo | Acelema It Solutions Private Limited |
| Simmy Shobha DIN 09400886 | Director | 01 Apr 2024 | 2 yrs 6 mo | Acelema It Solutions Private Limited |
Financials of SwingIt
Figures of Acelema It Solutions Private Limited, the primary company behind SwingIt, for FY 2022. Revenue was ₹73.3 Lakh (-17% year on year). Net profit was ₹2.8 Lakh (4% margin). EBITDA was ₹3.9 Lakh (5% margin). Revenue has grown at a compounded annual rate of +110% over three years.
- ₹73.3 LakhRevenue · FY 2022 · -17% YoY
- ₹2.8 LakhNet profit · 4% margin
- ₹3.9 LakhEBITDA · 5% margin
- ₹1 LakhPaid-up capital
- +110%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Acelema It Solutions Private Limited are on its company page.
Detailed financial statements for SwingIt
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Verified entity values are shown only after access is granted.
Competitors of SwingIt
SwingIt has 3 listed competitors in our database, 2 of them funded. They include Swiggy, Hanchens and EasyMovr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. | |
| hanchens.com | 2020 | Gurugram, India | $103,122 | Provides an app-based platform for B2C delivery services to consumers. | ||
| easymovr.com | 2015 | Ahmedabad, India | Operates an app-based platform for B2B courier delivery services. |
Detailed competitors of SwingIt
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Supply Chain Services
2 companies that operate in the same segment as SwingIt (Supply Chain Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 |
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Frequently Asked Questions about SwingIt
SwingIt was founded in 2019.
SwingIt is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind SwingIt, Acelema It Solutions Private Limited, reported revenue of ₹73.3 Lakh for FY 2022, down 17% year on year.
SwingIt, established in 2019, excels in transportation and logistics, offering delivery services, on-demand logistics, and hyperlocal delivery. Provides an app-based platform for on-demand hyperlocal delivery services to users. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
SwingIt operates through Acelema It Solutions Private Limited.
The legal entities of SwingIt currently have 2 directors, including Simmy Shobha, Amar Kant Singh.