About Growthways Trading Private Limited
Data last updated:
Growthways Trading Private Limited is a private limited company based in Delhi, India. 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 online apparel retail segment of the e-commerce sector. It was incorporated on 05 April 2011.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52300DL2011PTC217015. Its GSTIN is 36AAECG1909P1ZA (Telangana). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.01 Lakh. It is led by directors Sandeep Mehta and Vikrant Rawal.
Its last annual general meeting (AGM) was held on 14 April 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at First Floor Kamal Cinema Building Block A&B Delhi, Delhi, India – 110029.
As per the financials filed for FY 2019, the company reported a revenue of ₹33.38 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹9.58 Cr and EBITDA of -₹8.94 Cr. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr on record. Court records list 21 cases involving the company, including 21 filed against it; 3 cases are pending.
The last known website on record is yepme.com.
Company details
Contact details
Growthways Trading Private Limited's registered office is in Delhi, Delhi. Its website is yepme.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressFirst Floor Kamal Cinema Building Block A&B Delhi, Delhi, India – 110029
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of Growthways Trading Private Limited, buy the company report.
- 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
Business activity
The main business activity of Growthways Trading is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Growthways Trading Private Limited, buy the company report.
Financials of Growthways Trading Private Limited
FY 2019 filings availableGrowthways Trading Private Limited reported revenue of ₹33.38 Lakh (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 87% over three years, including a 98% fall in the latest year. EBITDA rose 56% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹33.38 Lakh | ||||
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| EBITDA | -₹8.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.58 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of Growthways Trading Private Limited, buy the company report.
Board of directors of Growthways Trading Private Limited
Growthways Trading has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Rawal Also directs: Vlyop Technologies Private Limited | Additional Director | 19 Jun 2017 | 9 Years 4 Months | As last reported |
| Sandeep Mehta Also directs: Nagarro Foundation | Director | 05 Apr 2011 | 15 Years 7 Months | As last reported |
Auditor
Growthways Trading Private Limited is audited by J P D & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J P D & ASSOCIATES | FY 2019 | 017244C |
Shareholding
The shareholding of Growthways Trading Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Growthways Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2017 | 100093128 | Others | ₹3 Cr | Open | |
| 07 Dec 2016 | 100065752 | Others | ₹3 Cr | Open |
To see the full charge records of Growthways Trading Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Growthways Trading Private Limited has 21 court cases on record: 21 filed against it. 3 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 2 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Rainbow Digital Services Pvt. Ltd. | Pending |
| District court, South, Delhi | Commercial suit | Filed against the company by M/S Jindal Intellicom Limited | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by R K and Company Manpower Pvt Ltd | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by M/S Aero Plast Ltd | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Rainbow Digital Services Pvt Ltd | Disposed |
To see the full case history of Growthways Trading 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.
Credit ratings & regulatory alerts
Growthways Trading Private Limited was last rated by Indiarating on 17 Mar 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Mar 2017 |
To see the full credit ratings and regulatory alerts of Growthways Trading Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Growthways Trading Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Growthways Trading Private Limited has a workforce of 3 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Growthways Trading has 8 GST registrations: 2 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECG1909P1ZA | Telangana | Active | 01 Jul 2017 |
| 06AAECG1909P2ZC | Haryana | Active | 08 Jun 2020 |
To see the full GST registrations and return filing status of Growthways Trading Private Limited, buy the company report.
Recent activity
Growthways Trading Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Ambika Mehta ceased to be Director on 19 Jun 2017.
News
Frequently asked questions
Growthways Trading 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.
Growthways Trading is a company under liquidation, formerly operating as a private limited company based in Delhi, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 05 April 2011 and is registered under CIN U52300DL2011PTC217015. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Growthways Trading has 2 current directors:
- Vikrant Rawal - Additional Director
- Sandeep Mehta - Director
The latest financial statements of Growthways Trading on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 14 April 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Growthways Trading is U52300DL2011PTC217015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Growthways Trading has open charges of ₹6 Cr and no satisfied charges on record as per latest MCA filings.
Growthways Trading has 21 court cases on record: 21 filed against it. 3 are pending. Most are in the district courts.
Growthways Trading was incorporated on 05 April 2011. It is registered with the Registrar of Companies, Delhi.
Ambika Mehta ceased to be Director on 19 Jun 2017. Vikrant Rawal was appointed as Additional Director on 19 Jun 2017. Sandeep Mehta was appointed as Director on 05 Apr 2011.
Growthways Trading can be reached through the website yepme.com. Its registered office is in Delhi, India.
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