About Hiveloop E-Commerce Private Limited
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Hiveloop E-Commerce Private Limited is a private limited company based in Bangalore, 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, 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 43 cases involving the company, including 26 filed by the company and 17 filed against it; 12 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. 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.
Company details
Contact details
Hiveloop E-Commerce Private Limited's registered office is in Bangalore, Karnataka. Its website is hiveloop-logistics-pvt-ltd-udaancom.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressTwa – Sjr – The Hub 1st Floor Of South Wing Survey Number 8 2 & 9, Sarjapur Main Road Sarjapur – Marathahalli Road Bellandur, Bangalore, Karnataka, India – 560102
- IndustryTransport and Logistics, Integrated & Diversified Logistics Services
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- 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | |
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Hiveloop E-Commerce Private Limited, buy the company report.
Financials of Hiveloop E-Commerce Private Limited
FY 2025 filings availableHiveloop E-Commerce Private Limited reported revenue of ₹5,194.6 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹164.71 Cr | ||||
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| Net Profit (PAT) | -₹358.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -3.2% | ||||
| Net Profit Margin | -6.9% | ||||
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To see the full financial statements and ratios of Hiveloop E-Commerce Private Limited, buy the company report.
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 8 Months | Current |
| Krishna Menon Vishnu Menon Also directs: Hiveloop Technology Private Limited, Newloop Apps Private Limited | Director | 18 Apr 2025 | 1 Years 6 Months | Current |
| Ajeesh Puthenparampil Gopalakrishnapillai | Whole-Time Director | 06 Dec 2024 | 1 Years 11 Months | Current |
Auditor
Hiveloop E-Commerce Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Hiveloop E-Commerce 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 Hiveloop E-Commerce Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101169999 | Axis Bank Limited | ₹100 Cr | Open | |
| 26 Aug 2025 | 101157004 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 21 Jul 2025 | 101169494 | Others | ₹15 Cr | Open | |
| 30 Apr 2025 | 101113722 | Others | ₹50 Cr | Open | |
| 30 Dec 2021 | 100523976 | Jp Morgan Chase Bank, N.A. | ₹50 Cr | Open |
To see the full charge records of Hiveloop E-Commerce Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
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 |
To see the full deal history of Hiveloop E-Commerce 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
Hiveloop E-Commerce Private Limited has 43 court cases on record: 26 filed by Hiveloop E-Commerce, 17 filed against it. 12 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 17 | 10 |
| High courts | 7 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 43)
| 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,Jitendra Nath Choubey | Pending |
| District court, North Twenty Four Parganas, West Bengal | Appeal | Filed against the company by Agarpara Jute Mills Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Hiveloop Technology Private Limited and 1 other | Disposed |
| District court, Central, Delhi | Commercial suit | Filed against the company by TTK Prestige Ltd | Disposed |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by an individual | Pending |
To see the full case history of Hiveloop E-Commerce 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
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 |
To see the full MSME payment records of Hiveloop E-Commerce Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Clickfix Cash and Carry Private Limited | U51909KA2023PTC170150 | |
| Newloop Logistics Private Limited | U60221KA2020FTC142593 | |
| Newloop Apps Private Limited | U74999KA2017PTC106870 |
To see the full group structure of Hiveloop E-Commerce Private Limited, buy the company report.
Employees & EPFO
Hiveloop E-Commerce Private Limited has a workforce of 458 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Hiveloop E-Commerce Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
Hiveloop E-Commerce is an active private limited company based in Bangalore, 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 has 3 current directors:
- Ajeesh Puthenparampil Gopalakrishnapillai - Whole-Time Director
- Kaushik Mukherjee - Director
- Krishna Menon Vishnu Menon - Director
The latest financial statements of Hiveloop E-Commerce on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 November 2025. Year-wise statements from FY 2018 are in the company report.
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 43 court cases on record: 26 filed by the company and 17 filed against it. 12 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.
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.
Hiveloop E-Commerce has 11 MSME Form 1 returns on record between 2019 and 2024, listing 1,030 overdue payments to 174 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Hiveloop E-Commerce can be reached through the website hiveloop-logistics-pvt-ltd-udaancom.business.site. Its registered office is in Bangalore, Karnataka, India.
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