Gravitate Ventures Private Limited

Gravitate Ventures Private Limited - information technology in Delhi, India. Directors, charges & compliance details.
CIN U74999DL2017PTC316360 Incorporated 19 April 2017 ROC Delhi HQ Delhi, India
Dissolved Under Section 59(8) Private Limited Company information technology DPIIT Startup
Data last updated
Revenue · FY 2023
₹6.95 Lakh
▼ 91% YoY
Net loss · FY 2023
₹14.64 Lakh
Net margin -210.5%
EBITDA · FY 2023
₹89,905
EBITDA margin 12.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.59 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
1
Provident fund records
Directors on board
2
As per MCA filings

About Gravitate Ventures Private Limited

Data last updated:

Gravitate Ventures Private Limited was a private limited company based in Delhi, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 April 2017.

The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2017PTC316360. The company has 2 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.59 Lakh. It was led by directors Ajay Masson and Angad Singh Malhotra.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 52 Leiah Apartments Vasundhara Enclave, Delhi, India – 110096.

As per the financials filed for FY 2023, the company reported a revenue of ₹6.95 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹14.64 Lakh (net margin -210.5%) and EBITDA of ₹89,905 (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 27% over five years.

The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.

The company was associated with 1 brand: Dockabl. The company has 17 deals on record (8 rights issues, 5 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹30.19 Cr; the latest was in March 2021.

The last known website on record is dockabl.com.

Company details

CIN U74999DL2017PTC316360
Registration Number 316360
Incorporation Date 19 April 2017
ROC Delhi
Listing Status Unlisted
Company Status Dissolved Under Section 59(8)
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Ajay Masson Director Angad Singh Malhotra Director

Recognitions & Rankings of Gravitate Ventures

DPIIT recognised startup Government of India
Startup India

Contact details

Gravitate Ventures Private Limited's registered office is in Delhi, Delhi. Its website is dockabl.com. Its e-mail address is in the company report.

  • Email
  • Website
    dockabl.com
  • Registered Address
    52 Leiah Apartments Vasundhara Enclave, Delhi, India – 110096
  • Industry
    Information Technology, IT Consulting & Support Services

To see the full contact details of Gravitate Ventures Private Limited, buy the company report.

Comprehensive company report
Gravitate Ventures 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Gravitate Ventures operates one associated brand: Dockabl. Each brand links to its own profile.

BrandDescriptionWebsite
Dockabl
Employee performance is managed through feedback, recognition, and review modules.dockabl.com

Business activity

The main business activity of Gravitate Ventures is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ2Publishing of computer operating systems, system software, application software, games, etc.

To see the full business activity and turnover split of Gravitate Ventures Private Limited, buy the company report.

Financials of Gravitate Ventures Private Limited

FY 2023 filings available

Gravitate Ventures Private Limited reported revenue of ₹6.95 Lakh (down 91% YoY) for FY 2023.

Revenue · FY 2023
₹6.95 Lakh ▼ 91%
Net loss · FY 2023
₹14.64 Lakh margin -210.5%
EBITDA · FY 2023
₹89,905 margin 12.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 91%
3 years · compounded
▼ 58%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 99%
3 years · compounded
▲ 26%
5 years · compounded
▲ 15%

Revenue fell 91% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 99% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹6.95 Lakh
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹89,905
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹14.64 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin12.9%
Net Profit Margin-210.5%
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

To see the full financial statements and ratios of Gravitate Ventures Private Limited, buy the company report.

Board of directors of Gravitate Ventures Private Limited

Gravitate Ventures has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Ajay Masson
Also directs: Datacreek Private Limited
Director06 Sep 20188 Years 2 MonthsAs last reported
Angad Singh Malhotra
Also directs: Paravis Limited Liability Partnership, House of Aravis Private Limited, Aravis Pharmaceuticals Private Limited and 1 more
Director11 Jun 20188 Years 5 MonthsAs last reported
View all directors

Auditor

Gravitate Ventures Private Limited is audited by N G P & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
N G P & ASSOCIATESFY 2023019238C

Shareholding

The shareholding of Gravitate Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Gravitate Ventures Private Limited, buy the company report.

Deals & funding

Gravitate Ventures Private Limited has 17 deals on record (8 rights issues, 5 convertible or debt financings, 3 secondary share transfers), with disclosed funding of ₹30.19 Cr; the latest was in March 2021.

Total deals
17
Rights issues
8
Convertible or debt financings
5
Secondary share transfers
3
Funding round
1
Disclosed funding
₹30.19 Cr

Deals on record (5 of 17)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2020Secondary share transferUndisclosedBuyer: an individual
Seller: 4 individuals
May 2019Funding round₹27 LakhInvestors: Bqube Enterprises LLP , Z Axis Management Consultants & Strategic Advisors
May 2018Secondary share transferUndisclosedBuyer: Bqube Enterprises LLP , 3 individuals
Seller: an individual
Mar 2018Rights issue₹36 LakhInvestors: 4 individuals
Seller: 2 individuals

To see the full deal history of Gravitate Ventures Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gravitate Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Gravitate Ventures Private Limited has a workforce of 1 employees on its EPFO records as of Apr 2021, across 1 active EPFO establishment.

Employee count
1
Active EPFO establishments
1
Employee growth
-85.7%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2021-221
FY 2020-21
FY 2019-20

To see the full employee and EPFO history of Gravitate Ventures Private Limited, buy the company report.

GST

Gravitate Ventures has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
2
Cancelled / inactive
2

To see the full GST registrations and return filing status of Gravitate Ventures Private Limited, buy the company report.

Recent activity

Gravitate Ventures Private Limited has 10 board changes on record since 2017: 6 appointments and 4 cessations. The latest: Arun Kapur ceased to be Director on 15 Mar 2021.

AGM
Gravitate Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Gravitate Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Ceased
Arun Kapur ceased to be Director.
Ceased
Sanjeev Grover ceased to be Director.
Ceased
Samarth Masson ceased to be Director.
Appointed
Arun Kapur was appointed as Director.
Appointed
Ajay Masson was appointed as Director.
Appointed
Sanjeev Grover was appointed as Director.
Appointed
Angad Singh Malhotra was appointed as Director.
Ceased
Neoma Kapoor ceased to be Director.
Appointed
Neoma Kapoor was appointed as Director.
Appointed
Samarth Masson was appointed as Director.

1 earlier event is in the company report.

News

Dockabl invests $500,000 in feedback-sharing app
23 Jul 2020 · Thehindubusinessline

Frequently asked questions

Gravitate Ventures has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.

Gravitate Ventures was a private limited company based in Delhi, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 19 April 2017 and is registered under CIN U74999DL2017PTC316360. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.

Gravitate Ventures was incorporated on 19 April 2017. It is registered with the Registrar of Companies, Delhi.

Gravitate Ventures had 2 directors:

The CIN (Corporate Identification Number) of Gravitate Ventures is U74999DL2017PTC316360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Gravitate Ventures is at 52 Leiah Apartments Vasundhara Enclave, Delhi, India – 110096.

Yes, Gravitate Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Gravitate Ventures can be reached through the website dockabl.com. Its registered office is in Delhi, India.

The latest financial statements of Gravitate Ventures on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.

No. Gravitate Ventures has 2 GST registrations on record and all of them are cancelled or inactive.