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Efaarms Solution Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.12 Cr
▼ 87% YoY
Net loss · FY 2024
₹8.25 Cr
Net margin -264.5%
EBITDA · FY 2024
-₹5.63 Cr
EBITDA margin -180.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹46 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
26
Provident fund records
Directors on board
2
As per MCA filings
About Efaarms Solution Private Limited
Data last updated:
Efaarms Solution Private Limited is a private limited company based in Bangalore, 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, 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. 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.
Company details
CIN U64990KA2020PTC133136
Registration Number 133136
Incorporation Date 02 March 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Faarms Global Ventures Pte Ltd Singapore
DPIIT Recognition Recognised Startup
CIN history
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 |
Key People
Alok Duggal Director Taranbir Singh Director Recognitions & Rankings of Efaarms Solution
Contact details
Efaarms Solution Private Limited's registered office is in Bangalore, Karnataka. Its website is faarms.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNo – 51 Ground Padmalaya 17th Cross, Peace Layout Oil Mill Road Kacharakanahalli, Bangalore, Karnataka, India – 560084
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Efaarms Solution Private Limited, buy the company report.
Comprehensive company report
Efaarms Solution 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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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Efaarms Solution Private Limited, buy the company report.
Financials of Efaarms Solution Private Limited
FY 2024 filings availableEfaarms Solution Private Limited reported revenue of ₹3.12 Cr (down 87% YoY) for FY 2024.
Revenue · FY 2024
₹3.12 Cr ▼ 87%
Net loss · FY 2024
₹8.25 Cr margin -264.5%
EBITDA · FY 2024
-₹5.63 Cr margin -180.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▼ 420%
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹5.63 Cr | ||||
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| Net Profit (PAT) | -₹8.25 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Efaarms Solution Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Duggal Also directs: Faarms Global Tech Venture Private Limited | Director | 19 Jan 2021 | 5 Years 9 Months | Current |
| Taranbir Singh | Director | 01 Sep 2021 | 5 Years 1 Months | Current |
Auditor
Efaarms Solution Private Limited is audited by ROY VARGHESE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROY VARGHESE & ASSOCIATES | FY 2023 | 006226S |
Shareholding
The shareholding of Efaarms Solution Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Efaarms Solution Private Limited, buy the company report.
Deals & funding
Efaarms Solution Private Limited has 1 deal on record (1 acquisition); the latest was in September 2020.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Acquisition | ₹45 Lakh | Buyer: Faarms Global Tech Venture Private Limited |
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 Efaarms Solution 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
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 |
To see the full MSME payment records of Efaarms Solution Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Efaarms Solution Private Limited has a workforce of 26 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-80.3%
GST
Efaarms Solution has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| 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 |
To see the full GST registrations and return filing status of Efaarms Solution Private Limited, buy the company report.
Recent activity
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.
Ceased
Aditya Khanna ceased to be Director.
AGM
Efaarms Solution Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Efaarms Solution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Sarabjit Kaur ceased to be Director.
Ceased
Taranbir Singh ceased to be Additional Director.
Appointed
Taranbir Singh was appointed as Director.
Appointed
Alok Duggal was appointed as Director.
Incorporation
02 Mar 2020
Efaarms Solution Private Limited was registered on 02 Mar 2020 with Roc Bangalore & aged 6 years 7 months as per MCA records.
News
Frequently asked questions
Efaarms Solution is an active private limited company based in Bangalore, 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 has 2 current directors:
- Alok Duggal - Director
- Taranbir Singh - Director
The latest financial statements of Efaarms Solution on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2020 are in the company report.
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.
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).
Efaarms Solution has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 104 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Nov 2023.
Efaarms Solution can be reached through the website faarms.com. Its registered office is in Bangalore, Karnataka, India.