About Herald Logic Private Limited
Data last updated:
Herald Logic Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 21 June 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PTC127289. Its GSTIN is 27AAACH9074L1Z4 (Maharashtra).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46.58 Lakh. It was led by directors including Ramakrishnan Ramdas (Managing Director) and Jayanti Mani.
Its last annual general meeting (AGM) was held on 25 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹20.37 Cr, a growth of 74% compared to the previous year. For the same year it recorded a net loss of ₹19.73 Lakh (net margin -1%) and EBITDA of ₹13,549 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 31% over five years.
The company had about 135 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Herald Logic. As per MCA filings, the company had satisfied charges of ₹2.42 Cr on record.
The last known website on record is heraldlogic.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1604 Lantana Building Sector – R – 12 Nahar Amrit Shakti Chandivali Andheri (E), India, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Associated Brands with Herald Logic Private Limited
Herald Logic operates one associated brand: Herald Logic. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sales incentive management solutions are offered to organizations. | heraldlogic.com |
Competitors & Alternatives of Herald Logic Private Limited
Brands and companies operating in the same space as Herald Logic Private Limited include Xoxoday, Atrium, Xactly and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Xoxoday | AI-powered loyalty, rewards, and employee engagement solutions are provided. | Bengaluru, India | 2012 |
 Atrium | Workforce analytics platform is offered for sales performance monitoring. | San Francisco, United States | 2016 |
 Xactly | Sales performance management software is provided for enterprises. | San Jose, United States | 2005 |
 Varicent | Incentive compensation and sales performance solutions are provided for enterprises. | Toronto, Canada | 2004 |
 Eltropy | Reputation management software is provided for solar industry sales. | Milpitas, United States | 2014 |
 Zafin | Software solutions for relationship banking in financial services are delivered. | Toronto, Canada | 2002 |
 Jirnexu | Customer engagement solutions are provided to banks and related sectors. | Kuala Lumpur, Malaysia | 2012 |
 Noyo | Insurance data exchange and benefit administration solutions for employers | Boston, United States | 2011 |
 Spiff | A platform for saving and investing money is provided. | Oslo, Norway | 2015 |
Business Activity of Herald Logic Private Limited
The main business activity of Herald Logic is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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.
Auditor Details of Herald Logic Private Limited
Herald Logic Private Limited is audited by BORKAR & MUZUMDAR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BORKAR & MUZUMDAR | 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 Herald Logic Private Limited
Herald Logic has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayanti Mani | Director | 14 Jan 2016 | 10 Years 8 Months | As last reported |
| Ramakrishnan Ramdas Also directs: Wonderlend Hubs Private Limited | Managing Director | 18 Dec 2003 | 22 Years 9 Months | As last reported |
| Rajesh Sundaram Iyer Also directs: Wonderlend Hubs Private Limited | Director | 10 Jun 2016 | 10 Years 3 Months | As last reported |
Financials of Herald Logic Private Limited FY 2023 filings available
Herald Logic Private Limited reported revenue of ₹20.37 Cr (up 74% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Herald Logic Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 74% growth in the latest year. EBITDA rose 100% 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 Herald Logic Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹20.37 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13,549 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹19.73 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 Herald Logic Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1% | •••• | •••• | •••• | •••• |
| 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 Herald Logic 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.
Ownership and Shareholding of Herald Logic 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 Herald Logic Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Mar 2016 | Yes Bank Limited | ₹1.73 Cr | Satisfied |
| 09 Nov 2004 | Value Momentum Software Services Private Limited | ₹68.55 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Herald Logic Private Limited
Herald Logic Private Limited has a workforce of 135 employees as of Apr 06, 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.
GST Compliance of Herald Logic Private Limited
Herald Logic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH9074L1Z4 | Maharashtra | Active | 01 Jul 2017 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Herald Logic 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.
MSME Payment Delays by Herald Logic Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Herald Logic 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.
MCA Filings & Documents of Herald Logic 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.
Recent Activity on Herald Logic Private Limited
Frequently Asked Questions about Herald Logic Private Limited
Herald Logic has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Herald Logic was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 21 June 2000 and is registered under CIN U72200MH2000PTC127289. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Herald Logic was incorporated on 21 June 2000. It is registered with the Registrar of Companies, Mumbai.
Herald Logic had 3 directors:
- Ramakrishnan Ramdas - Managing Director
- Jayanti Mani - Director
- Rajesh Sundaram Iyer - Director
The CIN (Corporate Identification Number) of Herald Logic is U72200MH2000PTC127289. 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 Herald Logic is at 1604 Lantana Building Sector – R – 12 Nahar Amrit Shakti Chandivali Andheri E, India, Mumbai, Maharashtra, India – 400072.
Herald Logic can be reached through the website heraldlogic.com. Its registered office is in Mumbai, Maharashtra, India.
Herald Logic reported revenue of ₹20.37 Cr for FY 2023 (up 74% YoY).
Herald Logic has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46.58 Lakh.