About Hug Innovations LLP
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Hug Innovations LLP is a limited liability partnership (LLP) based in Hyderabad, Telangana, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 15 July 2015 and has been in existence for over 11 years.
The LLP is registered with the Registrar of Companies (ROC), Hyderabad, under LLPIN AAE-3857. The LLP has 1 GST registration on record, which is no longer active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Raja Sekhar Neravati and Deepa Neravati.
Its latest statement of accounts is for the year ended 31 March 2016. The registered office is at Flat No. 405 Plot No. 26/28 30 Padmarekha Appartment Rajeevnagar, Hyderabad, Telangana, India – 500045.
The LLP is associated with 1 brand: Hug Innovations. The LLP has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹64.57 Cr; the latest was in February 2020.
For more details, the LLP can be reached via its website huginnovations.com.
Company details
Contact details
Hug Innovations LLP's registered office is in Hyderabad, Telangana.
- Registered AddressFlat No. 405 Plot No. 26/28 30 Padmarekha Appartment Rajeevnagar, Hyderabad, Telangana, India – 500045
- IndustryConsumer Goods, Accessories Retail & Distribution
- 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
Brands
Hug Innovations operates one associated brand: Hug Innovations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gesture-enabled smartwatches and IoT platforms are provided. | huginnovations.com |
Financials of Hug Innovations LLP
FY 2016 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Hug Innovations LLP, buy the company report.
Designated partners of Hug Innovations LLP
Hug Innovations has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raja Sekhar Neravati | Designated Partner | 15 Jul 2015 | 11 Years 3 Months | Current |
| Deepa Neravati Also directs: Adr Hospitality LLP, Nexoraa Information Systems Private Limited | Designated Partner | 16 Jul 2018 | 8 Years 3 Months | Current |
Deals & funding
Hug Innovations LLP has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹64.57 Cr; the latest was in February 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Acquisition | Undisclosed | Buyer: Titan Company Limited |
| Jun 2017 | Funding round | ₹32.3 Cr | Investors: Nrisi Advisors LLP , 2 individuals |
| Jun 2017 | Funding round | ₹32.27 Cr | Investors: Nrisi Advisors LLP , 2 individuals |
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 Hug Innovations LLP 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
No delayed payments to MSME suppliers are on our record for Hug Innovations LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hug Innovations has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hug Innovations LLP, buy the company report.
Recent activity
Hug Innovations LLP has 3 designated partner changes on record since 2015: 2 appointments and 1 cessation. The latest: Deepa Neravati was appointed as Designated Partner on 16 Jul 2018.
News
Frequently asked questions
Hug Innovations is an active limited liability partnership based in Hyderabad, Telangana, India. The LLP works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 15 July 2015 (11+ years old) and is registered under LLPIN AAE-3857.
Hug Innovations has 2 current designated partners:
- Raja Sekhar Neravati - Designated Partner
- Deepa Neravati - Designated Partner
The latest financial statements of Hug Innovations on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 31 March 2019. Year-wise statements from FY 2016 are in the company report.
No. Hug Innovations has 1 GST registration on record and it is cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of Hug Innovations is AAE-3857. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Hug Innovations was incorporated on 15 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
Hug Innovations has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹64.57 Cr; the latest was in February 2020.
Deepa Neravati was appointed as Designated Partner on 16 Jul 2018. Vasanthi Katta ceased to be Designated Partner on 16 Jul 2018. Raja Sekhar Neravati was appointed as Designated Partner on 15 Jul 2015.
Hug Innovations can be reached through the website huginnovations.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Hug Innovations is at Flat No. 405 Plot No. 2628 30 Padmarekha Appartment Rajeevnagar, Hyderabad, Telangana, India – 500045.
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