About Elanic Services Private Limited
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Elanic Services Private Limited is a private limited company based in Wilson Garden Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 19 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC078381. Its GSTIN is 29AADCE8546P1C4 (Karnataka). The company holds 28 GST registrations, of which 23 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.96 Lakh. It is led by directors Palkush Rai Chawla (Whole-Time Director) and Bangalore Narahari Abhilash (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Wilson Garden Bengaluru, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.16 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Lakh (net margin 25.2%) and EBITDA of ₹3.52 Lakh (EBITDA margin 49.2%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Elanic. The company has 5 deals on record (4 funding rounds, 1 acquisition), with disclosed funding of ₹12.25 Cr; the latest was in February 2020. Its 10 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce) are compared by revenue, 5 larger and 5 smaller; the largest is Bitbig Network Private Limited. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elanic.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.1 'Hara House' 3rd Floor Gutte Anjaneya Temple Street Hosur Main, Road, Wilson Garden Bengaluru, Karnataka, India – 560027
- IndustryE-Commerce, General E-Commerce Platforms
- 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 Elanic Services Private Limited
The main business activity of Elanic Services is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Elanic Services Private Limited FY 2022 filings available
Elanic Services Private Limited reported revenue of ₹7.16 Lakh (down 4% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Elanic Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 75% over three years, including a 4% fall in the latest year. EBITDA rose 22% 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 Elanic Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹7.16 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.8 Lakh | •••• | •••• | •••• | •••• |
| 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 Elanic Services Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 25.2% | •••• | •••• | •••• | •••• |
| 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 Elanic Services are in the company report.
Financial statements from 2015
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 Elanic Services Private Limited
Elanic Services Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bitbig Network Private Limited | •••• | •••• | •••• | •••• | - | Rangaready, Telangana, India |
| Digiblu Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Clearthink Technologies Private Limited | •••• | •••• | •••• | •••• | - | Rajarajeswari Nagar, Karnataka, India |
| Luxio Marketing Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Onio Seller Services Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Elanic Services Private Limited this company | •••• | •••• | •••• | •••• | - | Wilson Garden Bengaluru, Karnataka, India |
| Goquo Technical Services Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Sparshmax Private Limited | •••• | •••• | •••• | •••• | - | Krishnarajpuram, Karnataka, India |
| Cherise Global Private Limited | •••• | •••• | •••• | •••• | - | Haveli, Maharashtra, India |
| Pieace Maker Garments Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Restart Health and Fature India Private Limited | •••• | •••• | •••• | •••• | - | Sayan, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Elanic Services by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 Elanic Services Private Limited
Elanic Services Private Limited is audited by MDA&Co for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA&Co | 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 Elanic Services Private Limited
Elanic Services 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 |
|---|---|---|---|---|
| Palkush Rai Chawla Also directs: Gomarble Technology Private Limited | Whole-Time Director | 19 Jan 2015 | 11 Years 8 Months | Current |
| Bangalore Narahari Abhilash | Whole-Time Director | 19 Jan 2015 | 11 Years 8 Months | Current |
Ownership and Shareholding of Elanic Services 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 Elanic Services Private Limited
Elanic Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Elanic Services Private Limited
Elanic Services Private Limited has 5 deals on record (4 funding rounds, 1 acquisition), with disclosed funding of ₹12.25 Cr; the latest was in February 2020.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Acquisition | Undisclosed | Buyer: Mohalla Tech Private Limited |
| May 2016 | Funding round · Series A | ₹1.99 Cr | Investors: Rebright Partners |
| Dec 2015 | Funding round · Pre-Series A | ₹2.34 Cr | Investors: Beenext, 2 individuals |
| May 2015 | Funding round · Seed | ₹1.85 Cr | Investors: Rebright Partners, Tracxn Labs, 2 individuals |
Full deal history
All 5 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 Elanic Services Private Limited
Elanic Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Busybees Logistics Solutions Private Limited | •••• | •••• | •••• |
| Fedex Express Transportation and Supply Chain Services (India) Private Limited | •••• | •••• | •••• |
| Delhivery Limited | •••• | •••• | •••• |
| Ecom Express Limited | •••• | •••• | •••• |
| Shadowfax Technologies Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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.
Employees and EPFO Compliance at Elanic Services Private Limited
Elanic Services Private Limited has a workforce of 15 employees as of Apr 08, 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.
News related to Elanic Services Private Limited
Recent Activity on Elanic Services Private Limited
Elanic Services Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Bangalore Narahari Abhilash ceased to be Director on 04 Nov 2022.
Credit Ratings, Litigation & Regulatory Alerts for Elanic Services 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 Elanic Services 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 Elanic Services Private Limited
Elanic Services has 28 GST registrations: 23 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE8546P1C4 | Karnataka | Active | 18 Jun 2019 |
| 04AADCE8546P1CG | Chandigarh | Active | 12 Sep 2019 |
| 35AADCE8546P1CB | Andaman and Nicobar Islands | Active | 16 Sep 2019 |
| 12AADCE8546P1CJ | Arunachal Pradesh | Active | 17 Sep 2019 |
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 Elanic Services 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 Elanic Services Private Limited
Elanic Services is an active private limited company based in Wilson Garden Bengaluru, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 19 January 2015 (11+ years old) and is registered under CIN U72200KA2015PTC078381.
Elanic Services reported revenue of ₹7.16 Lakh for FY 2022 (down 4% YoY).
Elanic Services has 2 current directors:
- Palkush Rai Chawla - Whole-Time Director
- Bangalore Narahari Abhilash - Whole-Time Director
Elanic Services reported a net profit of ₹1.8 Lakh (net margin 25.2%) and EBITDA of ₹3.52 Lakh (EBITDA margin 49.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elanic Services is -75% over three years. In the latest year (FY 2022) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elanic Services is 29AADCE8546P1C4, registered in Karnataka. The company has 28 GST registrations in all, of which 23 are active and 5 are cancelled or inactive. Other active GSTINs include 04AADCE8546P1CG (Chandigarh), 35AADCE8546P1CB (Andaman and Nicobar Islands), 12AADCE8546P1CJ (Arunachal Pradesh).
The CIN (Corporate Identification Number) of Elanic Services is U72200KA2015PTC078381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elanic Services was incorporated on 19 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Elanic Services has 5 deals on record (4 funding rounds, 1 acquisition), with disclosed funding of ₹12.25 Cr; the latest was in February 2020.
The peers of Elanic Services by revenue are Bitbig Network Private Limited, Digiblu Technologies Private Limited, Clearthink Technologies Private Limited, Luxio Marketing Private Limited, Onio Seller Services Private Limited and 5 more, all in the Ecommerce and Internet industry (Broad Based Ecommerce).
Bangalore Narahari Abhilash ceased to be Director on 04 Nov 2022. Palkush Rai Chawla ceased to be Director on 04 Nov 2022. Bangalore Narahari Abhilash was appointed as Whole-Time Director on 19 Jan 2015. Elanic Services has 4 board changes on record in total.
Yes, Elanic Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).