Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited - information technology in Guntur, Andhra Pradesh, India. FY 2026 financials & compliance.
CIN U72200AP2015PTC097392 Incorporated 21 September 2015 ROC Vijayawada HQ Guntur, Andhra Pradesh, India
Under Liquidation Private Limited Company information technology
Data last updated
Revenue · FY 2020
₹15.56 Cr
▼ 82% YoY
Net loss · FY 2020
₹1.83 Cr
Net margin -11.7%
EBITDA · FY 2020
-₹1.73 Cr
EBITDA margin -11.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹24.67 Lakh
Issued & subscribed
Open charges
₹26.87 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
21
Provident fund records

About Fastlane Information Technologies Private Limited

Data last updated:

Fastlane Information Technologies Private Limited is a private limited company based in Guntur, Andhra Pradesh, India, recognised as a startup by DPIIT. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 21 September 2015.

The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72200AP2015PTC097392. Its GSTIN is 36AACCF6531C1Z0 (Telangana). The company holds 7 GST registrations, of which 3 are active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹24.67 Lakh. It is led by directors Uday Kiran Uppalapati and Naveenkumar Moparthy.

Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Guntur, Andhra Pradesh.

As per the financials filed for FY 2020, the company reported a revenue of ₹15.56 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹1.83 Cr (net margin -11.7%) and EBITDA of -₹1.73 Cr (EBITDA margin -11.1%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.

The company has about 21 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Fastlane. As per MCA filings, the company has open charges of ₹26.87 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company; 3 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in October 2017. Its 10 peer companies in the Information Technology industry (IT Products Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Verodatatex India Private Limited with revenue of ₹15.66 Cr.

The last known website on record is fastlane.tech.

Company Details of Fastlane Information Technologies Private Limited
CIN U72200AP2015PTC097392
Registration Number 097392
Incorporation Date 21 September 2015
ROC Vijayawada
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Uday Kiran Uppalapati Director Naveenkumar Moparthy Additional Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    fastlane.tech
  • Social Media
    Locked
  • Registered Address
    H.No. 5 – 87 – 60 Atr Complex Ist Floor Main Road Opp: Chaitanya Techno School Lakshmi Pu, Ram, Guntur, Andhra Pradesh, India – 522007
  • Industry
    Information Technology, IT Products Retail & Distribution, IT Consulting & Support Services
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Financials, compliance, directors, charges, ownership and filings for Fastlane Information Technologies Private Limited in one report.

Financials from FY 2016 Directors & ownership Charges & compliance

Business Activity of Fastlane Information Technologies Private Limited

The main business activities of Fastlane Information Technologies are trade and information and communication. In detail, this covers wholesale trading and wired, wireless or satellite telecommunication activities. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
GTradeG1Wholesale TradingLocked
JInformation and communicationJ5Wired, wireless or satellite Telecommunication activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Fastlane Information Technologies Private Limited FY 2020 filings available

Fastlane Information Technologies Private Limited reported revenue of ₹15.56 Cr (down 82% YoY) for FY 2020.

Revenue · FY 2020
₹15.56 Cr ▼ 82%
Net loss · FY 2020
₹1.83 Cr margin -11.7%
EBITDA · FY 2020
-₹1.73 Cr margin -11.1%

Compounded Annual Growth Rate (CAGR) of Fastlane Information Technologies Private Limited

Revenue CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 41%
EBITDA CAGR growth
1 year
▼ 265%
3 years · compounded
▼ 106%

Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 82% fall in the latest year. EBITDA fell 265% 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 Fastlane Information Technologies Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹15.56 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹1.73 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹1.83 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 Fastlane Information Technologies Private Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin-11.1%••••••••••••••••
Net Profit Margin-11.7%••••••••••••••••
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 Fastlane Information Technologies are in the company report.

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Financial statements from FY 2016

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Peer Comparison of Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Verodatatex India Private Limited₹15.66 Cr (FY 2024)••••••••3.0%••••Bangalore, Karnataka, India
A S Computer Services Private Limited₹15.64 Cr (FY 2024)••••••••13.0%••••U P, Uttar Pradesh, India
Ductus Technologies Private Limited₹15.59 Cr (FY 2024)••••••••53.0%••••Gurgaon, Haryana, India
Eastern Computer Exchange Tech Solutions Private Limited₹15.59 Cr (FY 2025)••••••••354.0%••••Faridabad, Haryana, India
Cashlink Global Systems Private Limited₹15.57 Cr (FY 2025)••••••••-10.0%••••Egmore, Chennai-8, Tamil Nadu, India
Fastlane Information Technologies Private Limited this company₹15.56 Cr (FY 2020)••••••••-82.0%••••Guntur, Andhra Pradesh, India
Abn I.T. Store Private Limited₹15.51 Cr (FY 2024)••••••••142.0%••••Gorakhpur, Uttar Pradesh, India
Grapeban Solutions Private Limited₹15.51 Cr (FY 2025)••••••••-55.0%••••Noida, Uttar Pradesh, India
Ashnik Technology Solutions Private Limited₹15.46 Cr (FY 2024)••••••••-20.0%••••Nagpur, Maharashtra, India
Ace Tech Sys Private Limited₹15.42 Cr (FY 2024)••••••••-16.0%••••Bangalore, Karnataka, India
Debendranath Mitra Lab Private Limited₹15.39 Cr (FY 2024)••••••••36.0%••••Ranaghat, West Bengal, India

Peers are the five companies nearest above and the five nearest below Fastlane Information Technologies by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited is audited by L A N S & CO for the financial year 2020.

NameStatusAppointment DateCessation Date
L A N S & COLockedLockedLocked
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Board of Directors of Fastlane Information Technologies Private Limited

Fastlane Information Technologies has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Uday Kiran Uppalapati
Also directs: Spiceality Private Limited, Octobuzz Analytics Private Limited, Xyz Innovations Private Limited
Director09 Oct 20205 Years 11 MonthsAs last reported
Naveenkumar Moparthy
Also directs: Layer7 Services Private Limited
Additional Director01 Sep 20215 Years 1 MonthsAs last reported
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Ownership and Shareholding of Fastlane Information Technologies Private Limited

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Charges & Borrowings of Fastlane Information Technologies Private Limited

Open charges
₹26.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹26.87 Cr
Latest charge details
DateLenderAmountStatus
18 Jan 2019Others₹25 CrOpen
20 Jul 2018Others₹1.87 CrOpen

Total charge records: 2 View all charges

Deals & Funding of Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited has 2 deals on record (2 rights issues); the latest was in October 2017.

Total deals
2
Rights issues
2

Deals on record (2 of 2)

WhenDealAmountParties
Oct 2017Rights issue₹81.8 LakhInvestors: 2 individuals
Mar 2016Rights issue₹23.3 LakhInvestors: 2 individuals
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Full deal history

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Associated Brands with Fastlane Information Technologies Private Limited

Fastlane Information Technologies operates one associated brand: Fastlane. Each brand links to its own profile.

BrandDescriptionWebsite
Fastlane
Command and control solutions for smart city applications are provided.fastlane.tech

Employees and EPFO Compliance at Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited has a workforce of 21 employees as of Mar 30, 2024.

Employee count
21
Active EPFO establishments
1
Employee growth
-22.22%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Fastlane Information Technologies Private Limited

Fastlane Information Technologies Private Limited has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Devalla Sreenivas ceased to be Director on 01 Sep 2021.

Ceased
Devalla Sreenivas ceased to be Director.
Ceased
Nagapriya Surapaneni ceased to be Director.
Appointed
Naveenkumar Moparthy was appointed as Additional Director.
Charges
A charge with Others of Rs. 187.00 Lakh registered on 20 Jul 2018 with Charge ID 100191894 was modified on 06 May 2021.
AGM
Fastlane Information Technologies Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Ceased
Uday Kiran Uppalapati ceased to be Additional Director.
Ceased
Venu Kathineedi Sudheer ceased to be Additional Director.
Appointed
Uday Kiran Uppalapati was appointed as Director.
Ceased
Viplav Kumar Valluri Lakshmisathyanarayana ceased to be Director.
Ceased
Venkata Appala Ramana ceased to be Additional Director.
Ceased
Chandra Sekhar Vallabhaneni ceased to be Additional Director.
Filing
Fastlane Information Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Vijayawada.

4 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Fastlane Information Technologies Private Limited

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MSME Payment Delays by Fastlane Information Technologies Private Limited

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Subsidiaries & Group Companies of Fastlane Information Technologies Private Limited

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GST Compliance of Fastlane Information Technologies Private Limited

Fastlane Information Technologies has 7 GST registrations: 3 active and 4 cancelled or inactive.

Total GSTINs
7
Active
3
Cancelled / inactive
4
GSTINStateStatusRegistered on
36AACCF6531C1Z0TelanganaActive01 Jul 2017
36AAECD3728M2ZDTelanganaActive30 Aug 2018
29AACCF6531C1ZVKarnatakaActive14 Jan 2019
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Fastlane Information Technologies Private Limited

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Frequently Asked Questions about Fastlane Information Technologies Private Limited

Fastlane Information Technologies is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.

Fastlane Information Technologies is a company under liquidation, formerly operating as a private limited company based in Guntur, Andhra Pradesh, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 21 September 2015 and is registered under CIN U72200AP2015PTC097392. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Fastlane Information Technologies reported revenue of ₹15.56 Cr for FY 2020 (down 82% YoY).

Fastlane Information Technologies has 2 current directors:

Fastlane Information Technologies reported a net loss of ₹1.83 Cr (net margin -11.7%) and EBITDA of -₹1.73 Cr (EBITDA margin -11.1%) for FY 2020, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Fastlane Information Technologies is -41% over three years. In the latest year (FY 2020) revenue fell 82%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Fastlane Information Technologies is U72200AP2015PTC097392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Fastlane Information Technologies has open charges of ₹26.87 Cr and no satisfied charges on record as per latest MCA filings.

Fastlane Information Technologies has 8 court cases on record: 7 filed by the company. 3 are pending. Most are in the nclat.

Fastlane Information Technologies was incorporated on 21 September 2015. It is registered with the Registrar of Companies, Vijayawada.

Fastlane Information Technologies has 2 deals on record (2 rights issues); the latest was in October 2017.

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