About Herald Logic Private Limited
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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. Court records list 2 cases involving the company, including 2 filed by the company. The company has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1.38 Cr; the latest was in March 2017. The company has 4 MSME Form 1 returns on record between 2019 and 2024, listing 14 overdue payments to 7 micro and small suppliers.
The last known website on record is heraldlogic.com.
Company details
Contact details
Herald Logic Private Limited's registered office is in Mumbai, Maharashtra. Its website is heraldlogic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Herald Logic 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
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Herald Logic Private Limited, buy the company report.
Financials of Herald Logic Private Limited
FY 2023 filings availableHerald Logic Private Limited reported revenue of ₹20.37 Cr (up 74% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
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| 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 Herald Logic Private Limited, buy the company report.
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 9 Months | As last reported |
| Ramakrishnan Ramdas Also directs: Wonderlend Hubs Private Limited | Managing Director | 18 Dec 2003 | 22 Years 10 Months | As last reported |
| Rajesh Sundaram Iyer Also directs: Wonderlend Hubs Private Limited | Director | 10 Jun 2016 | 10 Years 5 Months | As last reported |
Auditor
Herald Logic Private Limited is audited by BORKAR & MUZUMDAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BORKAR & MUZUMDAR | FY 2023 | 101569W |
Shareholding
The shareholding of Herald Logic Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Herald Logic Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2016 | 100017128 | Yes Bank Limited | ₹1.73 Cr | Satisfied | |
| 09 Nov 2004 | 90149168 | Value Momentum Software Services Private Limited | ₹68.55 Lakh | Satisfied |
To see the full charge records of Herald Logic Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Herald Logic Private Limited has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1.38 Cr; the latest was in March 2017.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Triiton Mentors and Advisors Private Limited |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Mpa Properties Private Limited , 2 individuals |
| Oct 2010 | Funding round | ₹58.2 Lakh | Investors: 4 individuals |
| Mar 2009 | Funding round | ₹60,000 | Investors: Triiton Mentors and Advisors Private Limited |
| Sep 2008 | Funding round | ₹29 Lakh | Investors: Quintet Strategies LLC, Mpa Properties Private Limited , an individual |
To see the full deal history of Herald Logic 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
Herald Logic Private Limited has 2 court cases on record: 2 filed by Herald Logic. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed by the company against DX Technologies Pvt. Ltd. and Others | Disposed |
To see the full case history of Herald Logic 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
Herald Logic Private Limited has 4 MSME Form 1 returns on record between 2019 and 2024, listing 14 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ap Sanzgiri & Co. | |||
| Diametriks Consulting Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Jaj International |
To see the full MSME payment records of Herald Logic Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Herald Logic has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH9074L1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Herald Logic Private Limited, buy the company report.
Recent activity
Herald Logic Private Limited has 12 board changes on record since 2003: 3 appointments and 9 cessations. The latest: Anusha Jathanna ceased to be Director on 30 Jun 2021.
8 earlier events are in the company report.
Frequently asked questions
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.
The latest financial statements of Herald Logic on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 November 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Herald Logic is 27AAACH9074L1Z4, registered in Maharashtra.
Herald Logic operated in the information technology industry, in the IT consulting and support services segment.
Herald Logic has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1.38 Cr; the latest was in March 2017.
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