About Hiveloop E-Commerce Private Limited
Data last updated:
Hiveloop E-Commerce Private Limited is a private limited company based in Bangalore South, Karnataka, India, a subsidiary of Trustroot Internet Private Limited. It operates in the integrated logistics and supply chain solutions segment of the transport and logistics sector. It was incorporated on 27 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106742. Its GSTIN is 29AAECH3221K1ZL (Karnataka). The company holds 30 GST registrations, of which 27 are active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹184.47 Cr. It was formerly known as Hiveloop Logistics Private Limited. It is led by directors including Ajeesh Puthenparampil Gopalakrishnapillai (Whole-Time Director) and Kaushik Mukherjee.
Its last annual general meeting (AGM) was held on 26 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore South, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,194.6 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹358.01 Cr (net margin -6.9%) and EBITDA of -₹164.71 Cr (EBITDA margin -3.2%). Revenue has grown at a compounded annual rate (CAGR) of 92% over three years and 95% over five years.
The company has about 458 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹265.15 Cr on record. Court records list 40 cases involving the company, including 23 filed by the company and 8 filed against it; 10 cases are pending. The company has 14 deals on record (6 rights issues, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,056.29 Cr; the latest was in March 2023. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Safari Exim House Private Limited. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,030 overdue payments to 174 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiveloop-logistics-pvt-ltd-udaancom.business.site.
- EmailLocked
- TelephoneLocked
- Social MediaLocked
- Registered AddressTwa – Sjr – The Hub 1st Floor Of South Wing Survey Number 8 2 & 9, Sarjapur Main Road Sarjapur – Marathahalli Road Bellandur, Bangalore South, Karnataka, India – 560102
- IndustryTransport and Logistics, Integrated & Diversified Logistics 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
Business Activity of Hiveloop E-Commerce Private Limited
The main business activities of Hiveloop E-Commerce are information and communication and transport and storage. In detail, this covers computer programming, consultancy and related activities, services incidental to land, water & air transportation and warehousing and storage. 3 activity segments are registered with the MCA.
| 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 |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
| H | Transport and storage | H6 | Warehousing and storage | 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.
Financials of Hiveloop E-Commerce Private Limited FY 2025 filings available
Hiveloop E-Commerce Private Limited reported revenue of ₹5,194.6 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Hiveloop E-Commerce Private Limited
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 95%. EBITDA rose 83% 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 Hiveloop E-Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹164.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹358.01 Cr | •••• | •••• | •••• | •••• |
| 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 Hiveloop E-Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Hiveloop E-Commerce are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Safari Exim House Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Eternal Limited Listed | •••• | •••• | •••• | •••• | 7,221 | New Delhi, Delhi, India |
| Swiggy Limited | •••• | •••• | •••• | •••• | 5,263 | Bangalore South, Karnataka, India |
| PDS Limited Listed | •••• | •••• | •••• | •••• | 212 | Mumbai, Maharashtra, India |
| Makemytrip (India) Private Limited | •••• | •••• | •••• | •••• | 2,536 | Gurugram, Haryana, India |
| Hiveloop E-Commerce Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Changejar Technologies Private Limited | •••• | •••• | •••• | •••• | 255 | Bangalore, Karnataka, India |
| Newgen Software Technologies Limited Listed | •••• | •••• | •••• | •••• | 4,043 | New Delhi, Delhi, India |
| Urban Company Limited | •••• | •••• | •••• | •••• | 1,548 | New Delhi, Delhi, India |
| Astrotalk Services Private Limited | •••• | •••• | •••• | •••• | 121 | Bathinda, Punjab, India |
| Delightful Gourmet Private Limited | •••• | •••• | •••• | •••• | 2,177 | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Hiveloop E-Commerce by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | 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 Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce 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 |
|---|---|---|---|---|
| Kaushik Mukherjee | Director | 20 Feb 2024 | 2 Years 7 Months | Current |
| Krishna Menon Vishnu Menon Also directs: Hiveloop Technology Private Limited, Newloop Apps Private Limited | Director | 18 Apr 2025 | 1 Years 5 Months | Current |
| Ajeesh Puthenparampil Gopalakrishnapillai | Whole-Time Director | 06 Dec 2024 | 1 Years 10 Months | Current |
Ownership and Shareholding of Hiveloop E-Commerce 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 Hiveloop E-Commerce Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2025 | Axis Bank Limited | ₹100 Cr | Open |
| 26 Aug 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open |
| 21 Jul 2025 | Others | ₹15 Cr | Open |
| 30 Apr 2025 | Others | ₹50 Cr | Open |
| 30 Dec 2021 | Jp Morgan Chase Bank, N.A. | ₹50 Cr | Open |
Total charge records: 6 View all charges
Deals & Funding of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited has 14 deals on record (6 rights issues, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,056.29 Cr; the latest was in March 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Trustroot Internet Pte Limited & Pradeep Yadav, Trustroot Internet Pte Limited Seller: Trustroot Logistics Pte Limited & Pradeep Yadav, Trustroot Logistics Pte Limited |
| Oct 2022 | Rights issue | ₹265.84 Cr | Investors: Trustroot Internet Pte Limited, Trustroot Logistics Pte Limited |
| Jun 2022 | Rights issue | ₹229.06 Cr | Investors: Trustroot Logistics Pte Limited |
| Dec 2021 | Rights issue | ₹505.43 Cr | Investors: Trustroot Logistics Pte Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Trustroot Logistics Pte Limited, Trustroot Logistics Pte Limited & Pradeep Yadav Seller: Hiveloop Technology Private Limited , Hiveloop Technology Private Limited & Pradeep Yadav |
Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited has 40 court cases on record: 23 filed by Hiveloop E-Commerce, 8 filed against it, 9 where it is another party. 10 cases are pending and 30 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 8 | 8 |
| High courts | 7 | 0 | 2 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Agarpara Jute Mills Ltd | Pending |
| District court, North Twenty Four Parganas, West Bengal | Appeal | Filed against the company by Agarpara Jute Mills Ltd | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by an individual | Pending |
| District court, Varanasi, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against State of U.P.(Food Safety Officer) Other | Pending |
| District court, Meerut, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against State of Up | Pending |
Full case history
All 40 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,030 overdue payments to 174 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 174)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Vibrant Screen Private Limited | •••• | •••• | •••• |
| Ascensive Digiprint Solutions Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Terrago Logistics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited has a workforce of 458 employees as of Mar 29, 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.
Group Structure of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Rapidedge Cash And Carry Private Limited | U51909KA2022FTC164651 | Locked |
| Clickfix Cash And Carry Private Limited | U51909KA2023PTC170150 | Locked |
| Newloop Logistics Private Limited | U60221KA2020FTC142593 | Locked |
| Newloop Apps Private Limited | U74999KA2017PTC106870 | Locked |
Showing major subsidiaries. Total: 4.
Recent Activity on Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce Private Limited has 12 board changes on record since 2021: 3 appointments and 9 cessations. The latest: Krishna Menon Vishnu Menon ceased to be Additional Director on 25 Nov 2025.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hiveloop E-Commerce 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.
Subsidiaries & Group Companies of Hiveloop E-Commerce 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.
GST Compliance of Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce has 30 GST registrations: 27 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3221K1ZL | Karnataka | Active | 23 Feb 2018 |
| 29AAECH3221K2ZK | Karnataka | Active | 27 Feb 2024 |
| 33AAECH3221K1ZW | Tamil Nadu | Active | 31 May 2018 |
| 07AAECH3221K1ZR | Delhi | Active | 01 Jun 2018 |
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.
MCA Filings & Documents of Hiveloop E-Commerce 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.
Frequently Asked Questions about Hiveloop E-Commerce Private Limited
Hiveloop E-Commerce is an active private limited company based in Bangalore South, Karnataka, India. The company works in integrated and diversified logistics services, within the transport and logistics industry. It was incorporated on 27 September 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106742.
Hiveloop E-Commerce reported revenue of ₹5,194.6 Cr for FY 2025 (down 13% YoY).
Hiveloop E-Commerce has 3 current directors:
- Ajeesh Puthenparampil Gopalakrishnapillai - Whole-Time Director
- Kaushik Mukherjee - Director
- Krishna Menon Vishnu Menon - Director
Hiveloop E-Commerce reported a net loss of ₹358.01 Cr (net margin -6.9%) and EBITDA of -₹164.71 Cr (EBITDA margin -3.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hiveloop E-Commerce is 92% over three years and 95% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hiveloop E-Commerce is 29AAECH3221K1ZL, registered in Karnataka. The company has 30 GST registrations in all, of which 27 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAECH3221K2ZK (Karnataka), 33AAECH3221K1ZW (Tamil Nadu), 07AAECH3221K1ZR (Delhi).
The CIN (Corporate Identification Number) of Hiveloop E-Commerce is U74999KA2017PTC106742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiveloop E-Commerce has 40 court cases on record: 23 filed by the company and 8 filed against it. 10 are pending. Most are in the district courts.
Hiveloop E-Commerce was incorporated on 27 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Hiveloop E-Commerce has 14 deals on record (6 rights issues, 5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2,056.29 Cr; the latest was in March 2023.
The peers of Hiveloop E-Commerce by revenue are Safari Exim House Private Limited, Eternal Limited, Swiggy Limited, PDS Limited, Makemytrip (India) Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Krishna Menon Vishnu Menon ceased to be Additional Director on 25 Nov 2025. Krishna Menon Vishnu Menon was appointed as Director on 18 Apr 2025. Ajeesh Puthenparampil Gopalakrishnapillai ceased to be Additional Director on 17 Apr 2025. Hiveloop E-Commerce has 12 board changes on record in total.