About Hiveloop Internet Private Limited
Data last updated:
Hiveloop Internet Private Limited is a private limited company based in Bangalore South, Karnataka, India, a subsidiary of Trustroot Payments Private Limited. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 10 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC107051. Its GSTIN is 29AAECH3330F1ZU (Karnataka).
The company has an authorised share capital of ₹52.45 Cr and a paid-up capital of ₹2.65 Cr. It is led by directors including Nitesh Kumar (Whole-Time Director) and Bharath Sohanlal Gandhi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 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 ₹7.67 Cr, a growth of 106% compared to the previous year. For the same year it recorded a net loss of ₹3.11 Cr (net margin -40.6%) and EBITDA of -₹3.11 Cr (EBITDA margin -40.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 2% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Udaan.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website udaan.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address1st Floor Of South Wing Twa – Sjr – The Hub Survey Number 8 2 & 9, Sarjapur Main Road Sarjapur – Marathahalli Road Bellandur, Bangalore South, Karnataka, India – 560102
- IndustryFinancial Services, Online Payment Gateways
- 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
Competitors & Alternatives of Hiveloop Internet Private Limited
Brands and companies operating in the same space as Hiveloop Internet Private Limited include IndiaMART, Moglix, ProcMart and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 IndiaMART | Online B2B marketplace connecting buyers and suppliers of diverse industrial products | Noida, India | 1999 |
 Moglix | Multi-category products are supplied via a B2B marketplace platform. | Singapore | 2015 |
 ProcMart | Online platform offering procurement and supply chain solutions | Noida, India | 2015 |
 Add Shop Promotions | Multi-category products are distributed online through a mobile app. | Rajkot, India | 2013 |
 Solv | A B2B e-commerce platform is operated for MSMEs in India. | Bengaluru, India | 2019 |
 WCube | B2B procurement marketplace is operated for mid-sized enterprises. | Gurugram, India | 2019 |
 Anar | Provider of B2B marketplace platform offering products | Mumbai, India | 2019 |
Business Activity of Hiveloop Internet Private Limited
The main business activity of Hiveloop Internet is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Hiveloop Internet Private Limited
Hiveloop Internet Private Limited is audited by S R BATLIBIO & ASSOCIATES LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R BATLIBIO & 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 Internet Private Limited
Hiveloop Internet has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Kumar | Whole-Time Director | 27 Feb 2024 | 2 Years 7 Months | Current |
| Bharath Sohanlal Gandhi | Whole-Time Director | 26 Apr 2024 | 2 Years 5 Months | Current |
| Deepak Kumar Tripathi | Additional Director | 17 Dec 2025 | 0 Years 9 Months | Current |
Financials of Hiveloop Internet Private Limited FY 2025 filings available
Hiveloop Internet Private Limited reported revenue of ₹7.67 Cr (up 106% YoY) for FY 2025.
Growth of Hiveloop Internet Private Limited
| Metric | 1-year growth | 3-year compounded (CAGR) | 5-year compounded (CAGR) |
|---|---|---|---|
| Revenue | ▲ 106% | ▼ 6% | ▼ 2% |
Revenue rose 106% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. 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 Internet 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 | -₹3.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.11 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 Internet Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -40.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -40.6% | •••• | •••• | •••• | •••• |
| 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 Internet 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.
Ownership and Shareholding of Hiveloop Internet 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 Internet Private Limited
Hiveloop Internet Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Hiveloop Internet Private Limited
Hiveloop Internet Private Limited has a workforce of 5 employees as of Apr 07, 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 Hiveloop Internet Private Limited
Hiveloop Internet has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECH3330F1ZU | Karnataka | Active | 23 Feb 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.
Credit Ratings, Litigation & Regulatory Alerts for Hiveloop Internet 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 Hiveloop Internet 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 Hiveloop Internet 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 Hiveloop Internet 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 Hiveloop Internet Private Limited
Frequently Asked Questions about Hiveloop Internet Private Limited
Hiveloop Internet is an active private limited company based in Bangalore South, Karnataka, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 10 October 2017 (9+ years old) and is registered under CIN U74999KA2017PTC107051.
Hiveloop Internet reported revenue of ₹7.67 Cr for FY 2025 (up 106% YoY).
Hiveloop Internet has 3 current directors:
- Nitesh Kumar - Whole-Time Director
- Bharath Sohanlal Gandhi - Whole-Time Director
- Deepak Kumar Tripathi - Additional Director
Hiveloop Internet reported a net loss of ₹3.11 Cr (net margin -40.6%) and EBITDA of -₹3.11 Cr (EBITDA margin -40.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hiveloop Internet is -6% over three years and -2% over five years. In the latest year (FY 2025) revenue rose 106%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hiveloop Internet is 29AAECH3330F1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Hiveloop Internet is U74999KA2017PTC107051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiveloop Internet was incorporated on 10 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Hiveloop Internet can be reached through the website udaan.com. Its registered office is in Bangalore South, Karnataka, India.