About Bashar Technologies Private Limited
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Bashar Technologies Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the online rental platforms segment of the e-commerce sector. It was incorporated on 03 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2014PTC272885. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.29 Lakh. It is led by directors Moksha Srivastava and Pranay Shrivastava.
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 is at R – 652 Second Floor New Rajendra Nagar, New Delhi, Delhi, India – 110060.
As per the financials filed for FY 2016, the company reported a revenue of ₹8.89 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.36 Cr and EBITDA of -₹1.34 Cr.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wheelstreet. As per MCA filings, the company has open charges of ₹5.85 Cr on record. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 7 cases are pending. The company has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.81 Cr; the latest was in September 2017.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website wheelstreet.com.
Company details
Contact details
Bashar Technologies Private Limited's registered office is in New Delhi, Delhi. Its website is wheelstreet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressR – 652 Second Floor New Rajendra Nagar, New Delhi, Delhi, India – 110060
- IndustryE-Commerce, Online Rental Platforms
To see the full contact details of Bashar 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
Brands
Bashar Technologies operates one associated brand: Wheelstreet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Motorbike rentals are aggregated through a dedicated bike marketplace. | wheelstreet.com |
Business activity
The main business activity of Bashar Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Bashar Technologies Private Limited, buy the company report.
Financials of Bashar Technologies Private Limited
FY 2016 filings availableBashar Technologies Private Limited reported revenue of ₹8.89 Lakh (up 50134% 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 | ₹8.89 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.34 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹1.36 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 Bashar Technologies Private Limited, buy the company report.
Board of directors of Bashar Technologies Private Limited
Bashar Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Moksha Srivastava Also directs: Amp Elevated Social India Private Limited | Director | 03 Nov 2014 | 11 Years 11 Months | Current |
| Pranay Shrivastava Also directs: RP Cube Private Limited, Amp Elevated Social India Private Limited | Director | 03 Nov 2014 | 11 Years 11 Months | Current |
Auditor
Bashar Technologies Private Limited is audited by JHAWAR MANTRI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JHAWAR MANTRI & ASSOCIATES | FY 2016 | 113221W |
Shareholding
The shareholding of Bashar 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 Bashar Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2016 | 100065625 | Others | ₹5.85 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Bashar Technologies Private Limited has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.81 Cr; the latest was in September 2017.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Funding round | ₹77 Lakh | Investors: Y Combinator |
| Oct 2016 | Rights issue | ₹1 Lakh | Investors: Broadbean Capital |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Rights issue | ₹10 Lakh | Investors: 3 individuals |
To see the full deal history of Bashar Technologies 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
Bashar Technologies Private Limited has 18 court cases on record: 7 filed by Bashar Technologies, 11 filed against it. 7 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 7 | 6 |
| High courts | 3 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Broadbean Capital Services Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Broadbean Capital Services Private Limited, Through Kapil Mukesh Bhandari | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Broadbean Capital Services Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Broadbean Capital Services Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Mailkoot Communications Private Limited | Disposed |
To see the full case history of Bashar Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bashar Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bashar 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 Bashar Technologies Private Limited, buy the company report.
Recent activity
Bashar Technologies Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Ritesh Sumermal Shah ceased to be Director on 31 Mar 2018.
News
Frequently asked questions
Bashar Technologies is an active private limited company based in New Delhi, Delhi, India. The company works in online rental platforms, within the e-commerce industry. It was incorporated on 03 November 2014 (12+ years old) and is registered under CIN U72900DL2014PTC272885.
Bashar Technologies has 2 current directors:
- Moksha Srivastava - Director
- Pranay Shrivastava - Director
The latest financial statements of Bashar 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. Bashar Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Bashar Technologies is U72900DL2014PTC272885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bashar Technologies has 18 court cases on record: 7 filed by the company and 11 filed against it. 7 are pending. Most are in the district courts.
Bashar Technologies was incorporated on 03 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Bashar Technologies has 5 deals on record (2 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹5.81 Cr; the latest was in September 2017.
Ritesh Sumermal Shah ceased to be Director on 31 Mar 2018. Moksha Srivastava was appointed as Director on 03 Nov 2014. Pranay Shrivastava was appointed as Director on 03 Nov 2014.
Bashar Technologies can be reached through the website wheelstreet.com. Its registered office is in New Delhi, Delhi, India.