DPIIT recognised startup Government of India
Startup India
Locofast Online Services Private Limited - home & lifestyle in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹87.08 Cr
▲ 16% YoY
Net loss · FY 2025
₹2.36 Cr
Net margin -2.7%
EBITDA · FY 2025
-₹1.02 Cr
EBITDA margin -1.2%
Authorised capital
₹4 Lakh
Registered with MCA
Paid-up capital
₹2.19 Lakh
Issued & subscribed
Satisfied charges
₹10.01 Cr
No open charges
Company age
7 yrs
Est. 2019
Employees · EPFO
55
Provident fund records
About Locofast Online Services Private Limited
Data last updated:
Locofast Online Services Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 25 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U18202DL2019PTC347578. Its GSTIN is 07AADCL8794N1ZM (Delhi). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹4 Lakh and a paid-up capital of ₹2.19 Lakh. It is led by directors Deepak Wadhwa and Mohit Piplani.
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 B1/H3 Mohan Co – Opreative Industrial Area Mathura Road Block – B, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹87.08 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹2.36 Cr (net margin -2.7%) and EBITDA of -₹1.02 Cr (EBITDA margin -1.2%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 146% over five years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Locofast. As per MCA filings, the company has satisfied charges of ₹10.01 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 8 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹63.77 Cr; the latest was in October 2021. Its 3 peer companies in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 1 smaller; the largest is Pratham Fashion Designers Private Limited with revenue of ₹87.72 Cr.
Locofast Online Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0046711). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website locofast.com.
Company details
CIN U18202DL2019PTC347578
Registration Number 347578
Incorporation Date 25 March 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-DL-08-0046711
Key People
Deepak Wadhwa Director Mohit Piplani Director Recognitions & Rankings of Locofast Online Services
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-08-0046711
Contact details
Locofast Online Services Private Limited's registered office is in New Delhi, Delhi. Its website is locofast.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB1/H3 Mohan Co – Opreative Industrial Area Mathura Road Block – B, New Delhi, Delhi, India – 110044
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Locofast Online Services Private Limited, buy the company report.
Comprehensive company report
Locofast Online Services 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
Locofast Online Services operates one associated brand: Locofast. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering B2B textile procurement services | locofast.com |
Business activity
The main business activity of Locofast Online Services 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 Locofast Online Services Private Limited, buy the company report.
Financials of Locofast Online Services Private Limited
FY 2025 filings availableLocofast Online Services Private Limited reported revenue of ₹87.08 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹87.08 Cr ▲ 16%
Net loss · FY 2025
₹2.36 Cr margin -2.7%
EBITDA · FY 2025
-₹1.02 Cr margin -1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 27%
5 years · compounded
▲ 146%
EBITDA CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 44%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 146% over five years, including 16% growth in the latest year. EBITDA rose 84% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.36 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -2.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Locofast Online Services Private Limited, buy the company report.
Board of directors of Locofast Online Services Private Limited
Locofast Online Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Wadhwa | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Mohit Piplani | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Locofast Online Services Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pratham Fashion Designers Private Limited | ₹87.72 Cr (FY 2021) | -30.0% | Jaipur, Rajasthan, India | |||
| Jhakaas Retail Private Limited | ₹87.23 Cr (FY 2025) | 74.0% | Road, Opp Muncipal Ground, Maharashtra, India | |||
| Locofast Online Services Private Limitedthis company | ₹87.08 Cr (FY 2025) | -₹2.36 Cr | -2.7% | 16.0% | 55 | New Delhi, Delhi, India |
| Mars Propdevelopers Private Limited | ₹86.96 Cr (FY 2025) | 7.0% | Jodhpur, Rajasthan, India |
To see the full peer comparison of Locofast Online Services Private Limited, buy the company report.
Auditor
Locofast Online Services Private Limited is audited by ABHILASH AGRAWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHILASH AGRAWAL & ASSOCIATES | FY 2023 | 020796N |
Shareholding
The shareholding of Locofast Online Services Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Locofast Online Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹10.01 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2021 | 100514078 | Others | ₹10.01 Cr | Satisfied |
To see the full charge records of Locofast Online Services Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Locofast Online Services Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹63.77 Cr; the latest was in October 2021.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹63.77 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Funding round · Series A | ₹50.93 Cr | Investors: Stellaris Venture Partners, Chiratae Ventures (IDG), Axilor |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Dec 2019 | Funding round · Seed | ₹12.84 Cr | Investors: Chiratae Ventures (IDG), Axilor, 2 individuals |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Locofast Online Services Private Limited has 11 court cases on record: 9 filed by Locofast Online Services, 2 filed against it. 8 cases are pending and 3 are disposed.
Total cases
11
Filed by the company
9
Filed against the company
2
Pending
8
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 8 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against In Time Garments Pvt. Ltd. | Pending |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed by the company against Bee K Bee Prints Private Limited | Disposed |
| District court, Ajmer, Rajasthan | Criminal case | Filed against the company by M/S Digvijay Taxfab Pvt Ltd | Pending |
| District court, South East, Delhi | Commercial suit | Filed against the company by Shanan Export | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
To see the full case history of Locofast Online Services 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
No delayed payments to MSME suppliers are on our record for Locofast Online Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Locofast Online Services Private Limited has a workforce of 55 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
-36.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 55 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Locofast Online Services Private Limited, buy the company report.
GST
Locofast Online Services has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCL8794N1ZM | Delhi | Active | 11 Apr 2019 |
| 06AADCL8794N1ZO | Haryana | Active | 17 Aug 2022 |
| 08AADCL8794N1ZK | Rajasthan | Active | 17 Aug 2022 |
| 09AADCL8794N2ZH | Uttar Pradesh | Active | 06 Dec 2024 |
To see the full GST registrations and return filing status of Locofast Online Services Private Limited, buy the company report.
Recent activity
Locofast Online Services Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Rahul Chowdhri was appointed as Nominee Director on 05 Oct 2021.
AGM
Locofast Online Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Locofast Online Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge registered on 03 Nov 2021 via Charge ID 100514078 with Others was fully satisfied on 09 Jan 2024.
Charges
A charge with Others amounted to Rs. 1,001.00 Lakh with Charge ID 100514078 was registered on 03 Nov 2021.
Appointed
Rahul Chowdhri was appointed as Nominee Director.
Ceased
Kartik Kataria ceased to be Director.
Appointed
Deepak Wadhwa was appointed as Director.
Appointed
Mohit Piplani was appointed as Director.
Incorporation
25 Mar 2019
Locofast Online Services Private Limited was registered on 25 Mar 2019 with Roc Delhi & aged 7 years 7 months as per MCA records.
Frequently asked questions
Locofast Online Services is an active private limited company based in New Delhi, Delhi, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 25 March 2019 (7+ years old) and is registered under CIN U18202DL2019PTC347578.
Locofast Online Services has 2 current directors:
- Deepak Wadhwa - Director
- Mohit Piplani - Director
The latest financial statements of Locofast Online Services 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 2019 are in the company report.
The GSTIN of Locofast Online Services is 07AADCL8794N1ZM, registered in Delhi. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AADCL8794N1ZO (Haryana), 08AADCL8794N1ZK (Rajasthan), 09AADCL8794N2ZH (Uttar Pradesh).
The CIN (Corporate Identification Number) of Locofast Online Services is U18202DL2019PTC347578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Locofast Online Services has 11 court cases on record: 9 filed by the company and 2 filed against it. 8 are pending. Most are in the district courts.
Locofast Online Services was incorporated on 25 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Locofast Online Services has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹63.77 Cr; the latest was in October 2021.
The peers of Locofast Online Services by revenue are Pratham Fashion Designers Private Limited, Jhakaas Retail Private Limited, Mars Propdevelopers Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (retail trading).
Rahul Chowdhri was appointed as Nominee Director on 05 Oct 2021. Kartik Kataria ceased to be Director on 30 Apr 2021. Deepak Wadhwa was appointed as Director on 25 Mar 2019. Locofast Online Services has 4 board changes on record in total.
Yes, Locofast Online Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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