MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0074591
Hipship Online Service Private Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.72 Cr
▼ 49% YoY
Net loss · FY 2024
₹27.42 Lakh
Net margin -15.9%
EBITDA · FY 2024
-₹3.08 Lakh
EBITDA margin -1.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.33 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Hipship Online Service Private Limited
Data last updated:
Hipship Online Service Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 30 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2015PTC078635. Its GSTIN is 29AADCH5475L1Z0 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.33 Lakh. It is led by directors Ankit Sethia and Ravikant Sethia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.104 (Old No.50) K.H Road, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.72 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹27.42 Lakh (net margin -15.9%) and EBITDA of -₹3.08 Lakh (EBITDA margin -1.8%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 21% over five years.
The company is associated with 1 brand: Hipship. The company has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹80 Lakh; the latest was in August 2019. Its 8 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 4 larger and 4 smaller; the largest is Dhruva Logistics India Private Limited with revenue of ₹1.72 Cr.
Hipship Online Service Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0074591). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hipship.com.
Company details
CIN U74110KA2015PTC078635
Registration Number 078635
Incorporation Date 30 January 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0074591
CIN history
Hipship Online Service has one previous CIN (Corporate Identification Number): U74900KA2015PTC078635. The current CIN is U74110KA2015PTC078635, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2015PTC078635 | Current |
| U74900KA2015PTC078635 | Previous |
Key People
Ankit Sethia Director Ravikant Sethia Director Recognitions & Rankings of Hipship Online Service
Contact details
Hipship Online Service Private Limited's registered office is in Bangalore, Karnataka. Its website is hipship.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.104 (Old No.50) K.H Road, Bangalore, Karnataka, India – 560027
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Hipship Online Service Private Limited, buy the company report.
Comprehensive company report
Hipship Online Service 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
Hipship Online Service operates one associated brand: Hipship. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-carrier delivery orchestration platform is provided for logistics integration. | hipship.com |
Financials of Hipship Online Service Private Limited
FY 2024 filings availableHipship Online Service Private Limited reported revenue of ₹1.72 Cr (down 49% YoY) for FY 2024.
Revenue · FY 2024
₹1.72 Cr ▼ 49%
Net loss · FY 2024
₹27.42 Lakh margin -15.9%
EBITDA · FY 2024
-₹3.08 Lakh margin -1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▲ 55%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▼ 121%
3 years · compounded
▼ 34%
5 years · compounded
▲ 29%
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 121% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.42 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.8% | ||||
| Net Profit Margin | -15.9% | ||||
| 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 Hipship Online Service Private Limited, buy the company report.
Board of directors of Hipship Online Service Private Limited
Hipship Online Service has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Sethia | Director | 30 Jan 2015 | 11 Years 9 Months | Current |
| Ravikant Sethia Also directs: Balurghat Technologies Limited, Momasar Business Private Limited, Vivek Outsourcing Services Private Limited and 1 more | Director | 18 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Hipship Online Service Private Limited is compared with the 8 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhruva Logistics India Private Limited | ₹1.72 Cr (FY 2024) | -35.0% | Secunderabad, Telangana, India | |||
| Iken Warehouse & Logistics Solutions Private Limited | ₹1.72 Cr (FY 2022) | -23.0% | New Delhi, Delhi, India | |||
| Tory Logistics Private Limited | ₹1.72 Cr (FY 2024) | 121.0% | Indore, Madhya Pradesh, India | |||
| Lkart Logi Tech Solutions Private Limited | ₹1.72 Cr (FY 2025) | 72.0% | West Mumbai, Maharashtra, India | |||
| Hipship Online Service Private Limitedthis company | ₹1.72 Cr (FY 2024) | -₹27.42 Lakh | -15.9% | -49.0% | Bangalore, Karnataka, India | |
| Dir Trucking Private Limited | ₹1.72 Cr (FY 2016) | -1.0% | Mumbai, Maharashtra, India | |||
| Andhra Oxygen Private Limited | ₹1.72 Cr (FY 2025) | -43.0% | Vijayawada, Andhra Pradesh, India | |||
| Sans CFS Limited | ₹1.72 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India | |||
| Parth Logistics Private Limited | ₹1.72 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Hipship Online Service Private Limited, buy the company report.
Auditor
Hipship Online Service Private Limited is audited by Shekhar and Swasthik for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shekhar and Swasthik | FY 2023 | 237504 |
Shareholding
The shareholding of Hipship Online Service 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 Hipship Online Service Private Limited, buy the company report.
Deals & funding
Hipship Online Service Private Limited has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹80 Lakh; the latest was in August 2019.
Total deals
3
Funding rounds
2
Convertible or debt financing
1
Disclosed funding
₹80 Lakh
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Funding round | ₹9.6 Lakh | Investors: an individual |
| Oct 2015 | Funding round | ₹50.4 Lakh | Investors: Inara Capital Advisors Private Limited , 3 individuals |
To see the full deal history of Hipship Online Service 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
No court or tribunal cases involving Hipship Online Service Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hipship Online Service Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hipship Online Service has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH5475L1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hipship Online Service Private Limited, buy the company report.
Recent activity
Hipship Online Service Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Pawan Kumar Sethia ceased to be Director on 19 Jun 2015.
AGM
Hipship Online Service Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hipship Online Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Pawan Kumar Sethia ceased to be Director.
Appointed
Ravikant Sethia was appointed as Director.
Appointed
Ankit Sethia was appointed as Director.
Incorporation
30 Jan 2015
Hipship Online Service Private Limited was registered on 30 Jan 2015 with Roc Bangalore & aged 11 years 9 months as per MCA records.
Frequently asked questions
Hipship Online Service is an active private limited company based in Bangalore, Karnataka, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 30 January 2015 (11+ years old) and is registered under CIN U74110KA2015PTC078635.
Hipship Online Service has 2 current directors:
- Ankit Sethia - Director
- Ravikant Sethia - Director
The latest financial statements of Hipship Online Service on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hipship Online Service is 29AADCH5475L1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Hipship Online Service is U74110KA2015PTC078635. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hipship Online Service was incorporated on 30 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Hipship Online Service has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹80 Lakh; the latest was in August 2019.
The peers of Hipship Online Service by revenue are Dhruva Logistics India Private Limited, Iken Warehouse & Logistics Solutions Private Limited, Tory Logistics Private Limited, Lkart Logi Tech Solutions Private Limited, Dir Trucking Private Limited and 3 more, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (postal & courier activities).
Pawan Kumar Sethia ceased to be Director on 19 Jun 2015. Ravikant Sethia was appointed as Director on 18 Jun 2015. Ankit Sethia was appointed as Director on 30 Jan 2015.
Yes, Hipship Online Service is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0074591).
Hipship Online Service can be reached through the website hipship.com. Its registered office is in Bangalore, Karnataka, India.
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