About Logicash Solutions Private Limited
Data last updated:
Logicash Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Nisa Industrial Services Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the cash management services segment of the financial services sector. It was incorporated on 11 November 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2009PTC197031. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹21.5 Cr and a paid-up capital of ₹20.31 Cr. It is led by directors including Vipin Jain (Managing Director) and Petrus Hermans.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Fl 1 Mangal Bhandar Gr Flr Plot 539 13th Road Tps 3 Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2019, the company reported a revenue of ₹160.97 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹3.05 Cr (net margin 1.9%) and EBITDA of ₹9.49 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Logicash. As per MCA filings, the company has open charges of ₹62 Cr and satisfied charges of ₹4 Cr on record. Court records list 64 cases involving the company, including 6 filed by the company and 58 filed against it; 13 cases are pending. The company has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹101.83 Cr; the latest was in March 2019.
The last known website on record is logicash.co.in.
Company details
Contact details
Logicash Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is logicash.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFl 1 Mangal Bhandar Gr Flr Plot 539 13th Road Tps 3 Khar West, Mumbai, Maharashtra, India – 400052
- IndustryFinancial Services, Cash Management Services
To see the full contact details of Logicash Solutions Private Limited, buy the company report.
- 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
Logicash Solutions operates one associated brand: Logicash. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online gambling platform focused on sports betting and casino games for Bangladeshi users. | logicash.co.in |
Business activity
The main business activity of Logicash Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Logicash Solutions Private Limited, buy the company report.
Financials of Logicash Solutions Private Limited
FY 2019 filings availableLogicash Solutions Private Limited reported revenue of ₹160.97 Cr (up 20% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over three years, including 20% growth in the latest year. EBITDA rose 28% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹160.97 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.05 Cr | ||||
| 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 1.9% | ||||
| 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 Logicash Solutions Private Limited, buy the company report.
Board of directors of Logicash Solutions Private Limited
Logicash Solutions has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Petrus Hermans | Director | 26 Aug 2010 | 16 Years 2 Months | As last reported |
| Swati Nanhelal Singh | Additional Director | 29 Sep 2020 | 6 Years 0 Months | As last reported |
| Karanraj Paramjeet Sahi | Director | 09 Feb 2017 | 9 Years 8 Months | As last reported |
| Vipin Jain Also directs: Logicash Infrastructure Private Limited | Managing Director | 11 Nov 2009 | 16 Years 11 Months | As last reported |
| Mrudula Brodie Cletus | Irp/Rp/Liquidator | 02 Jan 2024 | 2 Years 9 Months | As last reported |
Auditor
Logicash Solutions Private Limited is audited by Sanjay Amritlal & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanjay Amritlal & Co. | FY 2019 | 115520W |
Shareholding
The shareholding of Logicash Solutions Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Logicash Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2017 | 100128177 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 12 Jul 2017 | 100128603 | Others | ₹15 Cr | Open | |
| 24 Mar 2017 | 100094576 | Axis Bank Limited | ₹22 Cr | Open | |
| 14 Feb 2017 | 100086486 | Tata Capital Financial Services Limited | ₹10 Cr | Open | |
| 10 Sep 2012 | 10460856 | Deutsche Bank Ag | ₹4 Cr | Satisfied |
To see the full charge records of Logicash Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Logicash Solutions Private Limited has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹101.83 Cr; the latest was in March 2019.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Nisa Allied Services Private Limited Seller: Nisa Industrial Services Private Limited |
| Jan 2019 | Funding round | ₹69.5 Cr | Investors: Nisa Industrial Services Private Limited |
| Feb 2017 | Acquisition | ₹20.1 Cr | Buyer: Nisa Industrial Services Private Limited Seller: Syntech International B.V., an individual |
| Feb 2017 | Funding round | ₹25 Cr | Investors: Nisa Industrial Services Private Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Nisa Industrial Services Private Limited Seller: an individual |
To see the full deal history of Logicash Solutions 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
Logicash Solutions Private Limited has 64 court cases on record: 6 filed by Logicash Solutions, 58 filed against it. 13 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 34 | 2 |
| District courts | 29 | 23 | 11 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Bank of India Limited | Pending |
| District court, Jhajjar, Haryana | Court case (CRR) | Filed by the company against M/S Rattanindia Finance Pvt. Ltd. Through Ashok Kumar and 1 other | Pending |
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by Aditya Birla Finance Ltd. THR. Manoj Kumar Sharma | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Mphasis Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Rattanindia Finance Pvt Ltd | Pending |
To see the full case history of Logicash Solutions 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 Logicash Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Logicash Solutions has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Logicash Infrastructure Private Limited | U74999MH2018PTC310880 |
To see the full group structure of Logicash Solutions Private Limited, buy the company report.
Employees & EPFO
Logicash Solutions Private Limited has a workforce of 1 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Logicash Solutions has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Logicash Solutions Private Limited, buy the company report.
Recent activity
Logicash Solutions Private Limited has 12 board changes on record since 2009: 5 appointments and 7 cessations. The latest: Mrudula Brodie Cletus was appointed as Irp/Rp/Liquidator on 02 Jan 2024.
9 earlier events are in the company report.
Frequently asked questions
Logicash Solutions is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Logicash Solutions is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in cash management services, within the financial services industry. It was incorporated on 11 November 2009 and is registered under CIN U74990MH2009PTC197031. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Logicash Solutions has 5 current directors:
- Vipin Jain - Managing Director
- Petrus Hermans - Director
- Swati Nanhelal Singh - Additional Director
- Karanraj Paramjeet Sahi - Director
- Mrudula Brodie Cletus - Irp/Rp/Liquidator
The latest financial statements of Logicash Solutions on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Logicash Solutions is U74990MH2009PTC197031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Logicash Solutions has open charges of ₹62 Cr and satisfied charges of ₹4 Cr as per latest MCA filings.
Logicash Solutions has 64 court cases on record: 6 filed by the company and 58 filed against it. 13 are pending. Most are in the high courts.
Logicash Solutions was incorporated on 11 November 2009. It is registered with the Registrar of Companies, Mumbai.
Logicash Solutions has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹101.83 Cr; the latest was in March 2019.
Mrudula Brodie Cletus was appointed as Irp/Rp/Liquidator on 02 Jan 2024. Swati Nanhelal Singh was appointed as Additional Director on 29 Sep 2020. Petrus Hermans ceased to be Director on 07 Aug 2020. Logicash Solutions has 12 board changes on record in total.