Startup India Government of India
Hopefloats Technologies Private Limited - information technology in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.65 Cr
▼ 39% YoY
Net loss · FY 2024
₹5.11 Cr
Net margin -43.8%
EBITDA · FY 2024
-₹4.87 Cr
EBITDA margin -41.8%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹26.17 Lakh
Issued & subscribed
Open charges
₹5.73 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
96
Provident fund records
About Hopefloats Technologies Private Limited
Data last updated:
Hopefloats Technologies Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Innotion Technologies Private Limited and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2017PTC386298. Its GSTIN is 09AAECH3958F1ZE (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹26.17 Lakh. It is led by directors including Kshitiz Saini and Himanshu Kumar.
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 16/44 Second Floor Right Side, Subhash Nagar, New Delhi, Delhi, India – 110027.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.65 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹5.11 Cr (net margin -43.8%) and EBITDA of -₹4.87 Cr (EBITDA margin -41.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 30% over five years.
The company has about 96 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: MyMobiforce and Hopefloats Technologies. As per MCA filings, the company has open charges of ₹5.73 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in January 2019. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 2 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 mymobiforce.com.
Company details
CIN U72900DL2017PTC386298
Registration Number 386298
Incorporation Date 26 December 2017
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Innotion Technologies Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
CIN history
Hopefloats Technologies has one previous CIN (Corporate Identification Number): U72900HR2017PTC071967. The current CIN is U72900DL2017PTC386298, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900DL2017PTC386298 | Current |
| U72900HR2017PTC071967 | Previous |
Recognitions & Rankings of Hopefloats Technologies
Contact details
Hopefloats Technologies Private Limited's registered office is in New Delhi, Delhi. Its website is mymobiforce.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address16/44 Second Floor Right Side, Subhash Nagar, New Delhi, Delhi, India – 110027
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Hopefloats Technologies Private Limited, buy the company report.
Comprehensive company report
Hopefloats Technologies 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
Hopefloats Technologies operates two associated brands: MyMobiforce and Hopefloats Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of field service management platform connecting enterprises with gig workforce | mymobiforce.com | |
| Networking services are delivered to clients across various sectors. | hopefloatstechnologies.com |
Business activity
The main business activity of Hopefloats Technologies is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Hopefloats Technologies Private Limited, buy the company report.
Financials of Hopefloats Technologies Private Limited
FY 2025 filings availableHopefloats Technologies Private Limited reported revenue of ₹11.65 Cr (down 39% YoY) for FY 2024.
Revenue · FY 2024
₹11.65 Cr ▼ 39%
Net loss · FY 2024
₹5.11 Cr margin -43.8%
EBITDA · FY 2024
-₹4.87 Cr margin -41.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▲ 10%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 541%
5 years · compounded
▼ 76%
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA fell 7% 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 |
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| Total Expenses | |||||
| EBITDA | -₹4.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.11 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | -41.8% | ||||
| Net Profit Margin | -43.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Hopefloats Technologies Private Limited, buy the company report.
Board of directors of Hopefloats Technologies Private Limited
Hopefloats Technologies has 4 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 |
|---|---|---|---|---|
| Ashwin Raguraman Also directs: India Innovation Capital Management LLP, India Innovation Advisors LLP, Tif Advisors LLP and 5 more | Nominee Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Kshitiz Saini | Director | 26 Dec 2017 | 8 Years 10 Months | Current |
| Himanshu Kumar | Director | 19 Dec 2018 | 7 Years 10 Months | Current |
| Dheeraj Khatter | Director | 26 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Hopefloats Technologies Private Limited is audited by VIJAY K BHALLA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY K BHALLA & CO | FY 2023 | 512253C |
Shareholding
The shareholding of Hopefloats Technologies 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 Hopefloats Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.73 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2023 | 100673857 | Standard Chartered Bank | ₹4.73 Cr | Open | |
| 06 Mar 2021 | 100425856 | Hdfc Bank Limited | ₹1 Cr | Open |
To see the full charge records of Hopefloats Technologies Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Hopefloats Technologies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in January 2019.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹70 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Innotion Technologies Private Limited |
| Mar 2018 | Funding round | ₹70 Lakh | Investors: an individual |
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 Hopefloats Technologies 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
Hopefloats Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Verveland Technologies Private Limited | |||
| Vijay K Bhalla & Co. |
To see the full MSME payment records of Hopefloats Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hopefloats Technologies Private Limited has a workforce of 96 employees on its EPFO records as of Jul 22, 2024, across 1 active EPFO establishment.
Employee count
96
Active EPFO establishments
1
Employee growth
12.94%
GST
Hopefloats Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECH3958F1ZE | Uttar Pradesh | Active | 29 Mar 2018 |
To see the full GST registrations and return filing status of Hopefloats Technologies Private Limited, buy the company report.
Recent activity
Hopefloats Technologies Private Limited has 5 board changes on record since 2017: 4 appointments and 1 cessation. The latest: Sanjay Jain ceased to be Nominee Director on 17 Dec 2024.
Charges
A charge with Standard Chartered Bank of Rs. 472.50 Lakh registered on 31 Jan 2023 with Charge ID 100673857 was modified on 12 Nov 2025.
AGM
Hopefloats Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Hopefloats Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Sanjay Jain ceased to be Nominee Director.
Appointed
Ashwin Raguraman was appointed as Nominee Director.
Charges
A charge with Standard Chartered Bank amounted to Rs. 472.50 Lakh with Charge ID 100673857 was registered on 31 Jan 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 100.00 Lakh with Charge ID 100425856 was registered on 06 Mar 2021.
Appointed
Himanshu Kumar was appointed as Director.
Appointed
Dheeraj Khatter was appointed as Director.
Appointed
Kshitiz Saini was appointed as Director.
Incorporation
26 Dec 2017
Hopefloats Technologies Private Limited was registered on 26 Dec 2017 with Roc Delhi & aged 8 years 10 months as per MCA records.
Frequently asked questions
Hopefloats Technologies is an active private limited company based in New Delhi, Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 December 2017 (9+ years old) and is registered under CIN U72900DL2017PTC386298.
Hopefloats Technologies has 4 current directors:
- Ashwin Raguraman - Nominee Director
- Kshitiz Saini - Director
- Himanshu Kumar - Director
- Dheeraj Khatter - Director
The latest financial statements of Hopefloats Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Hopefloats Technologies is 09AAECH3958F1ZE, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Hopefloats Technologies is U72900DL2017PTC386298. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hopefloats Technologies was incorporated on 26 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Hopefloats Technologies has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹70 Lakh; the latest was in January 2019.
Sanjay Jain ceased to be Nominee Director on 17 Dec 2024. Ashwin Raguraman was appointed as Nominee Director on 30 Sep 2023. Himanshu Kumar was appointed as Director on 19 Dec 2018. Hopefloats Technologies has 5 board changes on record in total.
Yes, Hopefloats Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Hopefloats Technologies has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 06 Mar 2023.
Hopefloats Technologies can be reached through the website mymobiforce.com. Its registered office is in New Delhi, Delhi, India.
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