About Efaarms Solution Private Limited
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Efaarms Solution Private Limited is a private limited company based in Bangalore North, Karnataka, India, a subsidiary of Faarms Global Ventures Pte Ltd Singapore and recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 02 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U64990KA2020PTC133136. Its GSTIN is 29AAFCE8581L1C7 (Karnataka). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46 Lakh. It is led by directors Alok Duggal and Taranbir Singh.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore North, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.12 Cr, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹8.25 Cr (net margin -264.5%) and EBITDA of -₹5.63 Cr (EBITDA margin -180.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
The company has about 26 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Leap Supply and Faarms. The company has 1 deal on record (1 acquisition); the latest was in September 2020. Its 10 peer companies in the Agriculture industry (Agro Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Al-Sultan Exports Private Limited. The company has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 104 overdue payments to 3 micro and small suppliers.
For more details, the company can be reached via its website faarms.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressNo – 51 Ground Padmalaya 17th Cross, Peace Layout Oil Mill Road Kacharakanahalli, Bangalore North, Karnataka, India – 560084
- IndustryInternet, Online Service Marketplaces
- 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
- One PDF report, delivered after checkout
Business Activity of Efaarms Solution Private Limited
The main business activities of Efaarms Solution are trade and financial and insurance service. In detail, this covers retail trading and other financial activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Efaarms Solution Private Limited FY 2024 filings available
Efaarms Solution Private Limited reported revenue of ₹3.12 Cr (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Efaarms Solution Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 87% fall in the latest year. EBITDA rose 62% 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 of Efaarms Solution Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | -₹5.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.25 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 of Efaarms Solution Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -180.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -264.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Efaarms Solution are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Efaarms Solution Private Limited
Efaarms Solution Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Al-Sultan Exports Private Limited | •••• | •••• | •••• | •••• | - | Rampur, Uttar Pradesh, India |
| TMT Cold Storage Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Satguru Seeds Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Niroda Trading Private Limited | •••• | •••• | •••• | •••• | - | Tamluk, West Bengal, India |
| Him Foods and Cold Storage Private Limited | •••• | •••• | •••• | •••• | - | Punjab, India |
| Efaarms Solution Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Anulekh Agrotech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| G. Paul & Sons Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Siddhaeshwar Agri Equipments Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Comheigh Impex Private Limited | •••• | •••• | •••• | •••• | - | Ranchi, Jharkhand, India |
| Ocius Export Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Efaarms Solution by revenue in the Agriculture industry (Agro Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Efaarms Solution Private Limited
Efaarms Solution Private Limited is audited by ROY VARGHESE & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ROY VARGHESE & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Efaarms Solution Private Limited
Efaarms Solution has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Duggal Also directs: Faarms Global Tech Venture Private Limited | Director | 19 Jan 2021 | 5 Years 8 Months | Current |
| Taranbir Singh | Director | 01 Sep 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Efaarms Solution Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Efaarms Solution Private Limited
Efaarms Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Efaarms Solution Private Limited
Efaarms Solution Private Limited has 1 deal on record (1 acquisition); the latest was in September 2020.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Acquisition | ₹45 Lakh | Buyer: Faarms Global Tech Venture Private Limited |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Efaarms Solution Private Limited
Efaarms Solution Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 104 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Faarms Global Tech Venture Private Limited | •••• | •••• | •••• |
| Aone Dev Mantra Financial Services Private Limited | •••• | •••• | •••• |
| CHL Marketing Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Efaarms Solution Private Limited
Efaarms Solution operates two associated brands: Leap Supply and Faarms. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A logistics management company offering programs for businesses in various industries. | leapsupply.in | |
| Agricultural inputs are supplied to farmers via a digital marketplace. | faarms.in |
Employees and EPFO Compliance at Efaarms Solution Private Limited
Efaarms Solution Private Limited has a workforce of 26 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Efaarms Solution Private Limited
Efaarms Solution has one previous CIN (Corporate Identification Number): U72900KA2020PTC133136. The current CIN is U64990KA2020PTC133136, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64990KA2020PTC133136 | Current |
| U72900KA2020PTC133136 | Previous |
Recent Activity on Efaarms Solution Private Limited
Efaarms Solution Private Limited has 5 board changes on record since 2021: 2 appointments and 3 cessations. The latest: Aditya Khanna ceased to be Director on 10 Oct 2024.
Credit Ratings, Litigation & Regulatory Alerts for Efaarms Solution Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Efaarms Solution Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Efaarms Solution Private Limited
Efaarms Solution has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCE8581L1C7 | Karnataka | Active | 01 Apr 2020 |
| 29AAFCE8581L1ZW | Karnataka | Active | 26 May 2020 |
| 03AAFCE8581L1ZA | Punjab | Active | 24 Jun 2020 |
| 06AAFCE8581L1Z4 | Haryana | Active | 26 Jun 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Efaarms Solution Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Efaarms Solution Private Limited
Efaarms Solution is an active private limited company based in Bangalore North, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 02 March 2020 (6+ years old) and is registered under CIN U64990KA2020PTC133136.
Efaarms Solution reported revenue of ₹3.12 Cr for FY 2024 (down 87% YoY).
Efaarms Solution has 2 current directors:
- Alok Duggal - Director
- Taranbir Singh - Director
Efaarms Solution reported a net loss of ₹8.25 Cr (net margin -264.5%) and EBITDA of -₹5.63 Cr (EBITDA margin -180.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Efaarms Solution is -1% over three years. In the latest year (FY 2024) revenue fell 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Efaarms Solution is 29AAFCE8581L1C7, registered in Karnataka. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 29AAFCE8581L1ZW (Karnataka), 03AAFCE8581L1ZA (Punjab), 06AAFCE8581L1Z4 (Haryana).
The CIN (Corporate Identification Number) of Efaarms Solution is U64990KA2020PTC133136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Efaarms Solution was incorporated on 02 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Efaarms Solution has 1 deal on record (1 acquisition); the latest was in September 2020.
The peers of Efaarms Solution by revenue are Al-Sultan Exports Private Limited, TMT Cold Storage Private Limited, Satguru Seeds Private Limited, Niroda Trading Private Limited, Him Foods and Cold Storage Private Limited and 5 more, all in the Agriculture industry (Agro Retail and Distribution).
Aditya Khanna ceased to be Director on 10 Oct 2024. Sarabjit Kaur ceased to be Director on 01 Mar 2022. Taranbir Singh ceased to be Additional Director on 30 Nov 2021. Efaarms Solution has 5 board changes on record in total.
Yes, Efaarms Solution is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).