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Giftiicon Solutions India Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹92,940
▼ 79% YoY
Net loss · FY 2022
₹5.79 Cr
Latest filing
EBITDA · FY 2022
-₹2.45 Cr
Latest filing
Authorised capital
₹17.5 Cr
Registered with MCA
Paid-up capital
₹14.69 Cr
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
GST registrations
1
None active
About Giftiicon Solutions India Private Limited
Data last updated:
Giftiicon Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Planet11 Ecommerce Solutions India Private Limited and recognised as a startup by DPIIT. It operates in the personalized gifts and merchandise segment of the e-commerce sector. It was incorporated on 19 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC125391. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹17.5 Cr and a paid-up capital of ₹14.69 Cr. It is led by directors Nakkyun Chong (Managing Director) and Ji Hyun Chong.
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 Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹92,940, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹5.79 Cr and EBITDA of -₹2.45 Cr.
The company is associated with 1 brand: Giftiicon. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 6 deals on record (3 rights issues, 2 funding rounds, 1 acquisition), with disclosed funding of ₹6.15 Cr; the latest was in October 2021.
For more details, the company can be reached via its website giftiicon.com.
Company details
CIN U72900KA2019PTC125391
Registration Number 125391
Incorporation Date 19 June 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Parent Company Planet11 Ecommerce Solutions India Private Limited
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Giftiicon Solutions India
Contact details
Giftiicon Solutions India Private Limited's registered office is in Bangalore, Karnataka. Its website is giftiicon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressIndiqube – Townhub 2nd Floor Municipal No.837/1 100 Feet Road Binnamangala 1st Stage I, Ndiranagar, Bangalore, Karnataka, India – 560038
- IndustryE-Commerce, Personalized Gifts & Merchandise
To see the full contact details of Giftiicon Solutions India Private Limited, buy the company report.
Comprehensive company report
Giftiicon Solutions India 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
Giftiicon Solutions India operates one associated brand: Giftiicon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Personalized digital gifts are sent and redeemed for physical products. | giftiicon.com |
Business activity
The main business activity of Giftiicon Solutions India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Giftiicon Solutions India Private Limited, buy the company report.
Financials of Giftiicon Solutions India Private Limited
FY 2022 filings availableGiftiicon Solutions India Private Limited reported revenue of ₹92,940 (down 79% YoY) for FY 2022.
Revenue · FY 2022
₹92,940 ▼ 79%
Net loss · FY 2022
₹5.79 Cr
EBITDA · FY 2022
-₹2.45 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
EBITDA CAGR growth
1 year
▲ 9%
Revenue fell 79% in the latest year. EBITDA rose 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹92,940 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹2.45 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.79 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Giftiicon Solutions India Private Limited, buy the company report.
Board of directors of Giftiicon Solutions India Private Limited
Giftiicon Solutions India has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ji Hyun Chong | Director | 26 Mar 2021 | 5 Years 7 Months | Current |
| Nakkyun Chong Also directs: Planet11 Ecommerce Solutions India Private Limited | Managing Director | 27 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Giftiicon Solutions India Private Limited is audited by Nangia & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nangia & Co. LLP | FY 2022 | 002391C/N500069 |
Shareholding
The shareholding of Giftiicon Solutions India Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Giftiicon Solutions India Private Limited, buy the company report.
Deals & funding
Giftiicon Solutions India Private Limited has 6 deals on record (3 rights issues, 2 funding rounds, 1 acquisition), with disclosed funding of ₹6.15 Cr; the latest was in October 2021.
Total deals
6
Rights issues
3
Funding rounds
2
Acquisition
1
Disclosed funding
₹6.15 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Rights issue | ₹30.6 Lakh | Investors: an individual |
| Apr 2021 | Funding round | ₹3.03 Cr | Investors: Ossonco Co. Limited, Mercury Projects Private Limited , an individual |
| Mar 2021 | Rights issue | ₹14.4 Lakh | Investors: an individual |
| Jan 2020 | Funding round | ₹3.12 Cr | Investors: BGS International Corparate Limited, Tillerman Private Limited, 2 individuals |
| Jan 2020 | Acquisition | ₹8.25 Cr | Buyer: Planet11 Ecommerce Solutions India Private Limited |
To see the full deal history of Giftiicon Solutions India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Giftiicon Solutions India Private Limited has 1 court case on record: 1 filed by Giftiicon Solutions India. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Central Board of Direct Taxes and 1 other | Pending |
To see the full case history of Giftiicon Solutions India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Giftiicon Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Giftiicon Solutions India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Giftiicon Solutions India Private Limited, buy the company report.
Recent activity
Giftiicon Solutions India Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Ji Hyun Chong was appointed as Director on 26 Mar 2021.
AGM
Giftiicon Solutions India Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Giftiicon Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Appointed
Ji Hyun Chong was appointed as Director.
Ceased
Imranpasha ceased to be Additional Director.
Ceased
Vimala Nanjunda Swamy ceased to be Director.
Ceased
Ravichandran Muniswarachar ceased to be Director.
Ceased
Divya Teja Kondeti ceased to be Additional Director.
Ceased
Nakkyun Chong ceased to be Director.
Appointed
Nakkyun Chong was appointed as Managing Director.
Incorporation
19 Jun 2019
Giftiicon Solutions India Private Limited was registered on 19 Jun 2019 with Roc Bangalore & aged 7 years 4 months as per MCA records.
Frequently asked questions
Giftiicon Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in personalized gifts and merchandise, within the e-commerce industry. It was incorporated on 19 June 2019 (7+ years old) and is registered under CIN U72900KA2019PTC125391.
Giftiicon Solutions India has 2 current directors:
- Nakkyun Chong - Managing Director
- Ji Hyun Chong - Director
The latest financial statements of Giftiicon Solutions India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2020 are in the company report.
No. Giftiicon Solutions India has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Giftiicon Solutions India is U72900KA2019PTC125391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giftiicon Solutions India has 1 court case on record: 1 filed by the company. 1 is pending.
Giftiicon Solutions India was incorporated on 19 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Giftiicon Solutions India has 6 deals on record (3 rights issues, 2 funding rounds, 1 acquisition), with disclosed funding of ₹6.15 Cr; the latest was in October 2021.
Ji Hyun Chong was appointed as Director on 26 Mar 2021. Imranpasha ceased to be Additional Director on 31 Dec 2020. Vimala Nanjunda Swamy ceased to be Director on 30 Jun 2020. Giftiicon Solutions India has 7 board changes on record in total.
Yes, Giftiicon Solutions India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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