Dreampurse Technologies Private Limited

Dreampurse Technologies Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U55101MH2015PTC411564 Incorporated 20 February 2015 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2024
₹95.54 Lakh
▲ 518% YoY
Net loss · FY 2024
₹3.26 Cr
Net margin -341.4%
EBITDA · FY 2024
-₹3.26 Cr
EBITDA margin -341.4%
Authorised capital
₹108.07 Cr
Registered with MCA
Paid-up capital
₹88.07 Cr
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
10
Provident fund records
Directors on board
3
As per MCA filings

About Dreampurse Technologies Private Limited

Data last updated:

Dreampurse Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Dreamplug Technologies Private Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 20 February 2015 and has been in existence for over 11 years.

Its director Kunal Naresh Shah is #416 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2015PTC411564. Its GSTIN is 33AADCH5656H2ZK (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹108.07 Cr and a paid-up capital of ₹88.07 Cr. It was formerly known as Hip Bar Private Limited. It is led by directors including Kunal Naresh Shah and Rohan Shah Naresh.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 404 Uphar II Chs Ltd. Plot No. 5 Bhd Sanjeeva Encl. 7 Bungalows J P Road, Versova Andheri West Mumbai Maharashtra – 400061, Maharashtra, India – 400061.

As per the financials filed for FY 2024, the company reported a revenue of ₹95.54 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.26 Cr (net margin -341.4%) and EBITDA of -₹3.26 Cr (EBITDA margin -341.4%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 7% over five years.

The company has about 10 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: HipBar. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 8 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.5 Cr; the latest was in October 2021.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hipbar.com.

Company details

CIN U55101MH2015PTC411564
Registration Number 411564
Incorporation Date 20 February 2015
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Dreamplug Technologies Private Limited
Compliance Status Active Compliant

CIN history

Dreampurse Technologies has one previous CIN (Corporate Identification Number): U55101TN2015PTC099325. The current CIN is U55101MH2015PTC411564, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U55101MH2015PTC411564Current
U55101TN2015PTC099325Previous
Key People
Kunal Naresh Shah Director Rohan Shah Naresh Director Narasimha Sastry Vasanth Director

Recognitions & Rankings of Dreampurse Technologies

India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Dreampurse Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is hipbar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    hipbar.com
  • Registered Address
    404 Uphar II Chs Ltd. Plot No. 5 Bhd Sanjeeva Encl. 7 Bungalows J P Road, Versova Andheri West Mumbai Maharashtra – 400061, Maharashtra, India – 400061
  • Industry
    Financial Services, Digital Payment Solutions

To see the full contact details of Dreampurse Technologies Private Limited, buy the company report.

Comprehensive company report
Dreampurse Technologies 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
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Secure checkout · GST invoice included

Brands

Dreampurse Technologies operates one associated brand: HipBar. Each brand links to its own profile.

BrandDescriptionWebsite
HipBar
Bars and liquor stores are discovered via a mobile app.hipbar.com

Financials of Dreampurse Technologies Private Limited

FY 2024 filings available

Dreampurse Technologies Private Limited reported revenue of ₹95.54 Lakh (up 518% YoY) for FY 2024.

Revenue · FY 2024
₹95.54 Lakh ▲ 518%
Net loss · FY 2024
₹3.26 Cr margin -341.4%
EBITDA · FY 2024
-₹3.26 Cr margin -341.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 518%
3 years · compounded
▲ 31%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 26%
5 years · compounded
▲ 19%

Revenue rose 518% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 29% 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹3.26 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹3.26 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 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-341.4%
Net Profit Margin-341.4%
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 Dreampurse Technologies Private Limited, buy the company report.

Board of directors of Dreampurse Technologies Private Limited

Dreampurse Technologies has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kunal Naresh Shah
Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Syrma SGS Technology Limited and 5 more
Director12 Oct 20215 Years 0 MonthsCurrent
Rohan Shah Naresh
Also directs: Qed Innovation Labs LLP, Pociho Innovations LLP, Dreamplug Advisory Solutions Private Limited and 5 more
Director12 Oct 20215 Years 0 MonthsCurrent
Narasimha Sastry Vasanth
Also directs: Dreamplug Advisory Solutions Private Limited, Dreamplug Paytech Solutions Private Limited, Spenny Fintech Private Limited
Director24 Feb 20233 Years 8 MonthsCurrent
View all directors

Auditor

Dreampurse Technologies Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins & SellsFY 2023008072S

Shareholding

The shareholding of Dreampurse Technologies 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Dreampurse Technologies Private Limited, buy the company report.

Deals & funding

Dreampurse Technologies Private Limited has 8 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.5 Cr; the latest was in October 2021.

Total deals
8
Rights issues
3
Funding rounds
3
Secondary share transfer
1
Acquisition
1
Disclosed funding
₹52.5 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Oct 2021AcquisitionUndisclosedBuyer: Dreamplug Technologies Private Limited
Aug 2021Funding round₹18 CrInvestors: an individual
Apr 2020Funding round₹7.5 CrInvestors: United Spirits Limited, 3 individuals
Jun 2018Funding round₹27 CrInvestors: United Spirits Limited
May 2018Secondary share transferUndisclosedBuyer: ESOS Trust
Seller: an individual

To see the full deal history of Dreampurse 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.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Dreampurse Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Dreampurse Technologies Private Limited has a workforce of 10 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
10
Active EPFO establishments
1
Employee growth
42.86%

GST

Dreampurse Technologies has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
33AADCH5656H2ZKTamil NaduActive09 Aug 2017

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

Recent activity

Dreampurse Technologies Private Limited has 12 board changes on record since 2019: 3 appointments and 9 cessations. The latest: Narasimha Sastry Vasanth ceased to be Additional Director on 26 Sep 2023.

AGM
Dreampurse Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Dreampurse Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Narasimha Sastry Vasanth ceased to be Additional Director.
Appointed
Narasimha Sastry Vasanth was appointed as Director.
Ceased
Rajesh Brindavan Pandey ceased to be Company Secretary.
Ceased
Natarajan Prasanna ceased to be Director.
Appointed
Kunal Naresh Shah was appointed as Director.
Ceased
Kunal Naresh Shah ceased to be Additional Director.
Ceased
Rajalakshmi Natarajan ceased to be Director.
Appointed
Rohan Shah Naresh was appointed as Director.
Ceased
Rohan Shah Naresh ceased to be Additional Director.
Ceased
Savita Ramachandra Pai ceased to be Nominee Director.

3 earlier events are in the company report.

News

Frequently asked questions

Dreampurse Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 20 February 2015 (11+ years old) and is registered under CIN U55101MH2015PTC411564.

Dreampurse Technologies has 3 current directors:

The latest financial statements of Dreampurse Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Dreampurse Technologies is 33AADCH5656H2ZK, registered in Tamil Nadu. 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 Dreampurse Technologies is U55101MH2015PTC411564. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Dreampurse Technologies has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the high courts.

Dreampurse Technologies was incorporated on 20 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.

Dreampurse Technologies has 8 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹52.5 Cr; the latest was in October 2021.

Narasimha Sastry Vasanth ceased to be Additional Director on 26 Sep 2023. Narasimha Sastry Vasanth was appointed as Director on 24 Feb 2023. Rajesh Brindavan Pandey ceased to be Company Secretary on 19 Sep 2022. Dreampurse Technologies has 12 board changes on record in total.

Dreampurse Technologies can be reached through the website hipbar.com. Its registered office is in Mumbai, Maharashtra, India.