Candes Technology Private Limited

Candes Technology Private Limited - e-commerce in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U31909DL2021PTC376160 Incorporated 25 January 2021 ROC Delhi HQ New Delhi, Delhi, India
Active Private Limited Company e-commerce DPIIT Startup MSME · Medium
Revenue · FY 2026
₹8.2 Cr
▼ 79% YoY
Net loss · FY 2026
₹9.58 Cr
Net margin -116.9%
EBITDA · FY 2026
-₹6.74 Cr
EBITDA margin -82.3%
Authorised capital
₹15.25 Lakh
Registered with MCA
Paid-up capital
₹1.23 Lakh
Issued & subscribed
Open charges
₹15 Cr
Satisfied ₹30 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
24
Provident fund records

About Candes Technology Private Limited

Data last updated:

Candes Technology Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Globalbees Brands Private Limited and recognised as a startup by DPIIT. It operates in the online electronics retail segment of the e-commerce sector. It was incorporated on 25 January 2021 and has been in existence for over 5 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31909DL2021PTC376160. Its GSTIN is 07AAJCC2536M1ZF (Delhi). The company holds 11 GST registrations, of which 10 are active.

The company has an authorised share capital of ₹15.25 Lakh and a paid-up capital of ₹1.23 Lakh. It is led by directors including Bharat Mundhra and Robin Vijan.

Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No 2 And 3 3rd Floor Khasra No. 392, 100 Feet Road Village Ghitorni, New Delhi, Delhi, India – 110030.

As per the financials filed for FY 2026, the company reported a revenue of ₹8.2 Cr, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹9.58 Cr (net margin -116.9%) and EBITDA of -₹6.74 Cr (EBITDA margin -82.3%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 90% over five years.

The company has about 24 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Candes. As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹30 Cr on record. Court records list 14 cases involving the company, including 13 filed by the company and 1 filed against it; 14 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹32.5 Cr; the latest was in April 2026. The company has 5 MSME Form 1 returns on record for the period ending Sep 2023, listing 155 overdue payments to 24 micro and small suppliers.

Candes Technology Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0014743). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website candesworld.com.

Company details

CIN U31909DL2021PTC376160
Registration Number 376160
Incorporation Date 25 January 2021
ROC Delhi
Listing Status Unlisted
Company Status Active
Parent Company Globalbees Brands Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-DL-06-0014743
Key People
Sukhjeet Singh Chahal Additional Director Bharat Mundhra Director Robin Vijan Director

Recognitions & Rankings of Candes Technology

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-DL-06-0014743

Contact details

Candes Technology Private Limited's registered office is in New Delhi, Delhi. Its website is candesworld.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    candesworld.com
  • Social Media
  • Apps
  • Registered Address
    Plot No 2 And 3 3rd Floor Khasra No. 392, 100 Feet Road Village Ghitorni, New Delhi, Delhi, India – 110030
  • Industry
    E-Commerce, Online Electronics Retail

To see the full contact details of Candes Technology Private Limited, buy the company report.

Comprehensive company report
Candes Technology Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Candes Technology operates one associated brand: Candes. Each brand links to its own profile.

BrandDescriptionWebsite
Candes
Home appliances are offered by Candes as an internet-first brand.candesworld.com

Business activity

The main business activities of Candes Technology are wholesale and retail trade; repair of motor vehicles and motorcycles and trade. In detail, this covers retail trade, except of motor vehicles and motorcycles and retail trading. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GWholesale and retail trade; repair of motor vehicles and motorcycles47Retail trade, except of motor vehicles and motorcycles
GTradeG2Retail Trading

To see the full business activity and turnover split of Candes Technology Private Limited, buy the company report.

Financials of Candes Technology Private Limited

FY 2026 filings available

Candes Technology Private Limited reported revenue of ₹8.2 Cr (down 79% YoY) for FY 2026.

Revenue · FY 2026
₹8.2 Cr ▼ 79%
Net loss · FY 2026
₹9.58 Cr margin -116.9%
EBITDA · FY 2026
-₹6.74 Cr margin -82.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 55%
5 years · compounded
▲ 90%
EBITDA CAGR growth
1 year
▲ 20%

Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 90%. EBITDA rose 20% 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹8.2 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹6.74 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹9.58 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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Profitability
EBITDA Margin-82.3%
Net Profit Margin-116.9%
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 Candes Technology Private Limited, buy the company report.

Board of directors of Candes Technology Private Limited

Candes Technology has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sukhjeet Singh Chahal
Also directs: Butternut Ventures Private Limited, Plantex E-Commerce Private Limited, Kitchenopedia Appliances Private Limited and 5 more
Additional Director30 Sep 20251 Years 1 MonthsCurrent
Bharat Mundhra
Also directs: Kitchenopedia Appliances Private Limited, DF Pharmacy Limited, Maxinique Solution Private Limited and 5 more
Director01 Jul 20251 Years 4 MonthsCurrent
Robin Vijan
Also directs: Butternut Ventures Private Limited, Cloud Lifestyle Private Limited, Prayosha Expo Private Limited and 5 more
Director11 May 20251 Years 6 MonthsCurrent
View all directors

Auditor

Candes Technology Private Limited is audited by Bansal & CO LLP for the financial year 2026.

Auditor firmFinancial yearFirm registration number
Bansal & CO LLPFY 20260001113N/N500079

Shareholding

The shareholding of Candes Technology Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2026FY 2025FY 2024FY 2023FY 2022
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Candes Technology Private Limited, buy the company report.

Charges & borrowings

Open charges
₹15 Cr
Satisfied charges
₹30 Cr
Breakdown by lending institutions
Axis Bank Limited₹15.00 Cr
Others₹15.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Oct 2022100649616Axis Bank Limited₹15 CrSatisfied
12 Jul 2021100464139Others₹15 CrSatisfied

To see the full charge records of Candes Technology Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Candes Technology Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹32.5 Cr; the latest was in April 2026.

Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹32.5 Cr

Deals on record (5 of 6)

WhenDealAmountParties
Apr 2026Secondary share transferUndisclosedBuyer: Globalbees Brands Private Limited
Jun 2021Funding round · Seed₹7.5 CrInvestors: Jai Beverages Private Limited , Redcliffe Capital, an individual
Mar 2021Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Redcliffe Capital, 3 individuals
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Feb 2021Secondary share transferUndisclosedBuyer: Redcliffe Capital
Seller: 3 individuals

To see the full deal history of Candes Technology Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Candes Technology Private Limited has 5 MSME Form 1 returns on record for the period ending Sep 2023, listing 155 overdue payments to 24 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 24)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
an individual supplier
an individual supplier

To see the full MSME payment records of Candes Technology Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Candes Technology Private Limited has a workforce of 24 employees on its EPFO records as of Jul 2025, across 1 active EPFO establishment.

Employee count
24
Active EPFO establishments
1
Employee growth
-61.3%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-2624
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22

To see the full employee and EPFO history of Candes Technology Private Limited, buy the company report.

GST

Candes Technology has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
11
Active
10
Cancelled / inactive
1
GSTINStateStatusRegistered on
07AAJCC2536M1ZFDelhiActive05 Feb 2021
06AAJCC2536M1ZHHaryanaActive05 Mar 2021
27AAJCC2536M1ZDMaharashtraActive25 Mar 2021
36AAJCC2536M1ZETelanganaActive08 May 2021

To see the full GST registrations and return filing status of Candes Technology Private Limited, buy the company report.

Recent activity

Candes Technology Private Limited has 29 board changes on record since 2021: 16 appointments and 13 cessations. The latest: Naman Jaju ceased to be Nominee Director on 30 Sep 2025.

Filing
Candes Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi.
Ceased
Naman Jaju ceased to be Nominee Director.
Appointed
Sukhjeet Singh Chahal was appointed as Additional Director.
AGM
Candes Technology Private Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Appointed
Bharat Mundhra was appointed as Director.
Ceased
Chetna Manish Malaviya ceased to be Director.
Appointed
Robin Vijan was appointed as Director.
Ceased
Sumit Kishan Sharma ceased to be Director.
Charges
A charge registered on 21 Oct 2022 via Charge ID 100649616 with Axis Bank Limited was fully satisfied on 05 Feb 2025.
Ceased
Abhishek Biswas ceased to be Nominee Director.
Appointed
Sumit Kishan Sharma was appointed as Director.
Appointed
Chetna Manish Malaviya was appointed as Director.

25 earlier events are in the company report.

News

D2C Brand Candes Raises $3 Mn Funding
08 Jun 2021 · Entrepreneur

Frequently asked questions

Candes Technology is an active private limited company based in New Delhi, Delhi, India. The company works in online electronics retail, within the e-commerce industry. It was incorporated on 25 January 2021 (5+ years old) and is registered under CIN U31909DL2021PTC376160.

Candes Technology has 3 current directors:

The latest financial statements of Candes Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 August 2025. Year-wise statements from FY 2021 are in the company report.

The GSTIN of Candes Technology is 07AAJCC2536M1ZF, registered in Delhi. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAJCC2536M1ZH (Haryana), 27AAJCC2536M1ZD (Maharashtra), 36AAJCC2536M1ZE (Telangana).

The CIN (Corporate Identification Number) of Candes Technology is U31909DL2021PTC376160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Candes Technology has 14 court cases on record: 13 filed by the company and 1 filed against it. 14 are pending.

Candes Technology was incorporated on 25 January 2021, making it 5+ years old. It is registered with the Registrar of Companies, Delhi.

Candes Technology has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹32.5 Cr; the latest was in April 2026.

Naman Jaju ceased to be Nominee Director on 30 Sep 2025. Sukhjeet Singh Chahal was appointed as Additional Director on 30 Sep 2025. Bharat Mundhra was appointed as Director on 01 Jul 2025. Candes Technology has 29 board changes on record in total.

Yes, Candes Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Candes Technology is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-06-0014743).