About Digital First Online Brands Private Limited
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Digital First Online Brands Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Redwood B.V.. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the health and beauty retail and distribution segment of the consumer goods sector. It was incorporated on 16 February 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U51900KA2017PTC100556. Its GSTIN is 29AAECH0821K1ZL (Karnataka). The company held 8 GST registrations, of which 5 are active.
The company had an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹49.6 Lakh. It was formerly known as Hindveda Private Limited. It was led by directors Doddaiah Rajeshwari and Aravind Sokke Umapathi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at No 303 Palms Square Brigade Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2021, the company reported a revenue of ₹142.63 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹18.84 Lakh (net margin 0.1%) and EBITDA of ₹49.77 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 311% over three years.
The company had about 38 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Digital First Online Brands. As per MCA filings, the company had satisfied charges of ₹15 Cr on record. The company has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.69 Cr; the latest was in July 2019. Its 6 peer companies in the Consumer Products industry (Health and Beauty Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 4 smaller; the largest is Future Makeup (India) Private Limited with revenue of ₹174.9 Cr.
The last known website on record is hindveda.com.
Company details
Contact details
Digital First Online Brands Private Limited's registered office is in Bangalore, Karnataka. Its website is hindveda.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo 303 Palms Square Brigade Road, Bangalore, Karnataka, India – 560025
- IndustryConsumer Goods, Health & Beauty Retail & Distribution
To see the full contact details of Digital First Online Brands 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
Digital First Online Brands operates one associated brand: Digital First Online Brands. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Distributes high-quality nutraceutical products to support health and wellness. | hindveda.com |
Business activity
The main business activity of Digital First Online Brands 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 Digital First Online Brands Private Limited, buy the company report.
Financials of Digital First Online Brands Private Limited
FY 2021 filings availableDigital First Online Brands Private Limited reported revenue of ₹142.63 Cr (up 19% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 311% over three years, including 19% growth in the latest year. EBITDA rose 358% 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
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| EBITDA | ₹49.77 Lakh | ||||
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| Net Profit (PAT) | ₹18.84 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Digital First Online Brands Private Limited, buy the company report.
Board of directors of Digital First Online Brands Private Limited
Digital First Online Brands has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Doddaiah Rajeshwari | Additional Director | 05 Nov 2020 | 5 Years 11 Months | As last reported |
| Aravind Sokke Umapathi | Additional Director | 01 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Digital First Online Brands Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Health and Beauty Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Future Makeup (India) Private Limited | ₹174.9 Cr (FY 2025) | 117.0% | Mumbai, Maharashtra, India | |||
| Helios Lifestyle Limited | ₹154.31 Cr (FY 2025) | -17.0% | Gurgaon, Haryana, India | |||
| Digital First Online Brands Private Limitedthis company | ₹142.63 Cr (FY 2021) | ₹18.84 Lakh | 0.1% | 19.0% | 38 | Bangalore, Karnataka, India |
| P. D. Shah & Sons Traders Private Limited | ₹133.63 Cr (FY 2022) | 17.0% | Pune, Maharashtra, India | |||
| Vely Monkeys MKT Private Limited | ₹131.17 Cr (FY 2025) | 123.0% | Gurgaon, Haryana, India | |||
| G S Distributors Limited | ₹115.33 Cr (FY 2016) | -20.0% | Punjab, India | |||
| Mapaex Tradelink Private Limited | ₹112.14 Cr (FY 2025) | 3.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Digital First Online Brands Private Limited, buy the company report.
Auditor
Digital First Online Brands Private Limited is audited by HEGDE AND MORE for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HEGDE AND MORE | FY 2020 | 015315S |
Shareholding
The shareholding of Digital First Online Brands Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Digital First Online Brands Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2020 | 100372014 | Hdfc Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Digital First Online Brands Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Digital First Online Brands Private Limited has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.69 Cr; the latest was in July 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Funding round | ₹2.55 Cr | Investors: Redwood BV |
| Apr 2019 | Rights issue | ₹1.05 Cr | Investors: Redwood BV |
| Jun 2018 | Funding round | ₹5.06 Cr | Investors: Redwood BV |
| Mar 2018 | Funding round | ₹3.83 Cr | Investors: Redwood BV |
| Nov 2017 | Funding round | ₹97.2 Lakh | Investors: Redwood BV |
To see the full deal history of Digital First Online Brands 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 Digital First Online Brands 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 Digital First Online Brands Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Digital First Online Brands Private Limited has a workforce of 38 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Digital First Online Brands has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH0821K1ZL | Karnataka | Active | 01 Jul 2017 |
| 29AAECH0821K2ZK | Karnataka | Active | 01 Dec 2018 |
| 27AAECH0821K1ZP | Maharashtra | Active | 01 Jul 2017 |
| 06AAECH0821K1ZT | Haryana | Active | 28 Feb 2018 |
To see the full GST registrations and return filing status of Digital First Online Brands Private Limited, buy the company report.
Recent activity
Digital First Online Brands Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Jyoti Diwanchand Chowdhary ceased to be Director on 05 Mar 2021.
Frequently asked questions
Digital First Online Brands has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Digital First Online Brands was a private limited company based in Bangalore, Karnataka, India. The company worked in health and beauty retail and distribution, within the consumer goods industry. It was incorporated on 16 February 2017 and is registered under CIN U51900KA2017PTC100556. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Digital First Online Brands was incorporated on 16 February 2017. It is registered with the Registrar of Companies, Bangalore.
Digital First Online Brands had 2 directors:
- Doddaiah Rajeshwari - Additional Director
- Aravind Sokke Umapathi - Additional Director
The CIN (Corporate Identification Number) of Digital First Online Brands is U51900KA2017PTC100556. 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 Digital First Online Brands is at No 303 Palms Square Brigade Road, Bangalore, Karnataka, India – 560025.
Digital First Online Brands can be reached through the website hindveda.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Digital First Online Brands on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Digital First Online Brands is 29AAECH0821K1ZL, registered in Karnataka. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAECH0821K2ZK (Karnataka), 27AAECH0821K1ZP (Maharashtra), 06AAECH0821K1ZT (Haryana).
Digital First Online Brands operated in the consumer goods industry, in the health and beauty retail and distribution segment.
Digital First Online Brands has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹13.69 Cr; the latest was in July 2019.