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. Its 10 peer companies in the BFSI industry (Cash Management) are compared by revenue, 5 larger and 5 smaller; the largest is Writer Safeguard Private Limited with revenue of ₹266.94 Cr.
The last known website on record is logicash.co.in.
- EmailLocked
- TelephoneLocked
- 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
- 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
Associated Brands with Logicash Solutions Private Limited
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 of Logicash Solutions Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Logicash Solutions Private Limited FY 2019 filings available
Logicash Solutions Private Limited reported revenue of ₹160.97 Cr (up 20% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Logicash Solutions Private Limited
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 of Logicash Solutions Private Limited
| 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 of Logicash Solutions Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Logicash Solutions are in the company report.
Financial statements from 2015
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 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 1 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 |
Peer Comparison of Logicash Solutions Private Limited
Logicash Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Cash Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Writer Safeguard Private Limited | ₹266.94 Cr (FY 2019) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Securitrans India Private Limited | ₹225.79 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Thane, Maharashtra, India |
| Premier Vigilance & Security Pvt Ltd | ₹182 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Sis Prosegur Holdings Private Limited | ₹179.14 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Patna, Bihar, India |
| Glory Global Solutions (South Asia) Private Limited | ₹162.13 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Logicash Solutions Private Limited this company | ₹160.97 Cr (FY 2019) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Transtreasure Services (India) Private Limited | ₹128.33 Cr (FY 2019) | •••• | •••• | 27.0% | •••• | Navi Mumbai, Maharashtra, India |
| Irix Technologies Private Limited | ₹23.92 Cr (FY 2023) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| L.B. Bonafide Private Limited | ₹22.72 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | New Delhi, Delhi, India |
| Lautus Technologies Private Limited | ₹20.03 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Delhi, India |
| LTB Infraconsultants Private Limited | ₹11.76 Cr (FY 2019) | •••• | •••• | 840.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Logicash Solutions by revenue in the BFSI industry (Cash Management), 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 Logicash Solutions Private Limited
Logicash Solutions Private Limited is audited by Sanjay Amritlal & Co. for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sanjay Amritlal & Co. | 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 Logicash Solutions 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 Logicash Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Aug 2017 | Hdfc Bank Limited | ₹15 Cr | Open |
| 12 Jul 2017 | Others | ₹15 Cr | Open |
| 24 Mar 2017 | Axis Bank Limited | ₹22 Cr | Open |
| 14 Feb 2017 | Tata Capital Financial Services Limited | ₹10 Cr | Open |
| 10 Sep 2012 | Deutsche Bank Ag | ₹4 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Logicash Solutions Private Limited
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 |
Full deal history
All 11 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Logicash Solutions Private Limited
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 |
Full case history
All 64 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Logicash Solutions Private Limited
Logicash Solutions Private Limited has a workforce of 1 employees as of Sep 25, 2025.
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.
Group Structure of Logicash Solutions Private Limited
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 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Logicash Solutions Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Logicash Solutions 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 Logicash Solutions 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 Logicash Solutions 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 Logicash Solutions Private Limited
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.
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 Logicash Solutions 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.
Related news about Logicash Solutions Private Limited
Frequently Asked Questions about Logicash Solutions Private Limited
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 reported revenue of ₹160.97 Cr for FY 2019 (up 20% YoY).
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
Logicash Solutions reported a net profit of ₹3.05 Cr (net margin 1.9%) and EBITDA of ₹9.49 Cr (EBITDA margin 5.9%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Logicash Solutions is 10% over three years. In the latest year (FY 2019) revenue rose 20%. CAGR is the steady yearly rate that links the first and the last year.
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.