About Hug Digital Private Limited
Data last updated:
Hug Digital Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the IT services segment of the services sector. It was incorporated on 19 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2015PTC039034. Its GSTIN is 32AADCH8478F1ZH (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chitalwala Naseema Hakimuddin and Ramkumar Kala Mohan.
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 Thiruvananthapuram, Kerala.
As per the financials filed for FY 2024, the company reported a revenue of ₹50,730, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹13.52 Lakh and EBITDA of -₹12.55 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 61% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hugdigital.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressTc 22/627(1), Ram Nivas Chiramukku, Thiruvananthapuram, Kerala, India – 695009
- IndustryService, Information Technology 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 Hug Digital Private Limited
The main business activity of Hug Digital is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Hug Digital Private Limited FY 2024 filings available
Hug Digital Private Limited reported revenue of ₹50,730 (down 99% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Hug Digital Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 61% over five years, including a 99% fall in the latest year. EBITDA fell 280% 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 Hug Digital Private Limited
| 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 | -₹12.55 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.52 Lakh | •••• | •••• | •••• | •••• |
| 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 Hug Digital Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Hug Digital are in the company report.
Financial statements from FY 2016
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.
Board of Directors of Hug Digital Private Limited
Hug Digital has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chitalwala Naseema Hakimuddin | Director | 17 Oct 2019 | 7 Years 0 Months | Current |
| Ramkumar Kala Mohan | Director | 11 Jul 2017 | 9 Years 3 Months | Current |
Peer Comparison of Hug Digital Private Limited
Hug Digital Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Opticom Networks Private Limited | ₹50,898 (FY 2025) | •••• | •••• | -1.0% | •••• | Paschim Midnapur, West Bengal, India |
| Tech Matpatra Private Limited | ₹50,862 (FY 2022) | •••• | •••• | 100.0% | •••• | New Delhi, Delhi, India |
| Paisa Point Technologies Private Limited | ₹50,827 (FY 2018) | •••• | •••• | -85.0% | •••• | New Delhi, Delhi, India |
| Suksh Technology Private Limited | ₹50,800 (FY 2020) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Magadh Distributors and Marketing Ventures Private Limited | ₹50,765 (FY 2024) | •••• | •••• | -17.0% | •••• | Patna, Bihar, India |
| Hug Digital Private Limited this company | ₹50,730 (FY 2024) | •••• | •••• | -99.0% | •••• | Thiruvananthapuram, Kerala, India |
| Deepsphere AI India Private Limited | ₹50,664 (FY 2021) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Igrow Global Solutions Private Limited | ₹50,618 (FY 2021) | •••• | •••• | -44.0% | •••• | Chennai, Tamil Nadu, India |
| Sleevetechs Private Limited | ₹50,600 (FY 2025) | •••• | •••• | -95.0% | •••• | Bangalore, Karnataka, India |
| Profittrip Solutions Private Limited | ₹50,500 (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Ontisalaga Private Limited | ₹50,430 (FY 2024) | •••• | •••• | -90.0% | •••• | Mysore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Hug Digital by revenue in the same principal business activity (Other information & communication service activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hug Digital Private Limited
Hug Digital Private Limited is audited by BALARAM AND NANDAKUMAR for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BALARAM AND NANDAKUMAR | 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.
Ownership and Shareholding of Hug Digital 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 Hug Digital Private Limited
Hug Digital Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Hug Digital Private Limited
Employment history and EPFO contributions of people linked to Hug Digital.
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.
Recent Activity on Hug Digital Private Limited
Hug Digital Private Limited has 10 board changes on record since 2016: 2 appointments and 8 cessations. The latest: Chitalwala Naseema Hakimuddin ceased to be Additional Director on 30 Sep 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hug Digital 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 Hug Digital 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 Hug Digital 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 Hug Digital Private Limited
Hug Digital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCH8478F1ZH | Kerala | Active | 27 Mar 2019 |
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 Hug Digital 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 Hug Digital Private Limited
Hug Digital is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in information technology services, within the service industry. It was incorporated on 19 August 2015 (11+ years old) and is registered under CIN U72900KL2015PTC039034.
Hug Digital reported revenue of ₹50,730 for FY 2024 (down 99% YoY).
Hug Digital has 2 current directors:
- Chitalwala Naseema Hakimuddin - Director
- Ramkumar Kala Mohan - Director
Hug Digital reported a net loss of ₹13.52 Lakh and EBITDA of -₹12.55 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hug Digital is -78% over three years and -61% over five years. In the latest year (FY 2024) revenue fell 99%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hug Digital is 32AADCH8478F1ZH, registered in Kerala.
The CIN (Corporate Identification Number) of Hug Digital is U72900KL2015PTC039034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hug Digital was incorporated on 19 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Hug Digital by revenue are Opticom Networks Private Limited, Tech Matpatra Private Limited, Paisa Point Technologies Private Limited, Suksh Technology Private Limited, Magadh Distributors and Marketing Ventures Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Chitalwala Naseema Hakimuddin ceased to be Additional Director on 30 Sep 2020. Inigo Alejandro Franco Guarneros ceased to be Additional Director on 30 Sep 2020. Chitalwala Naseema Hakimuddin was appointed as Director on 17 Oct 2019. Hug Digital has 10 board changes on record in total.
Hug Digital can be reached through the website hugdigital.com. Its registered office is in Thiruvananthapuram, Kerala, India.