About Loginext Solutions Private Limited
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Loginext Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the SAAS (software as a service) providers segment of the technology and IT services sector. It was incorporated on 21 February 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2014PTC253522. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹42.56 Lakh. It was led by directors Dhruvil Rajeshbhai Sanghvi and Manisha Raj Raisinghani.
Its last annual general meeting (AGM) was held on 25 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹7.43 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹75.44 Lakh and EBITDA of -₹74.24 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 43% over five years.
The company had about 64 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 1 brand: LogiNext. Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹29.54 Cr; the latest was in February 2020. Its 4 peer companies in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Taxrex Solutions Private Limited with revenue of ₹7.85 Lakh.
The last known website on record is loginextsolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressFlat No. 1901 Happiness Co – Op. Housing Society Ltd J.S. Dosa Marg Nr. Mulund Railway Stat, Ion (W), Mumbai, Maharashtra, India – 400080
- IndustryInformation Technology, SaaS (Software as a Service) Providers
- 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
Loginext Solutions operates one associated brand: LogiNext. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based AI platform for transportation management and optimization is provided. | loginextsolutions.com |
Financials of Loginext Solutions Private Limited
FY 2021 filings availableLoginext Solutions Private Limited reported revenue of ₹7.43 Lakh (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 99% fall in the latest year. EBITDA rose 93% 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹7.43 Lakh | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹74.24 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹75.44 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
| Metrics | FY 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| 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, and every line for FY 2016-17 to FY 2019-20, 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 Loginext 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
Board of Directors of Loginext Solutions Private Limited
Loginext Solutions has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruvil Rajeshbhai Sanghvi Also directs: Tem Association | Director | 21 Feb 2014 | 12 Years 8 Months | As last reported |
| Manisha Raj Raisinghani Also directs: One 97 Communications Limited, Sifthub Technology Private Limited | Director | 21 Feb 2014 | 12 Years 8 Months | As last reported |
Peer Comparison
Loginext Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related 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 |
|---|---|---|---|---|---|---|
| Taxrex Solutions Private Limited | ₹7.85 Lakh (FY 2024) | •••• | •••• | 26.0% | •••• | Pinjore, Haryana, India |
| Nexfac Technologies Private Limited | ₹7.53 Lakh (FY 2024) | •••• | •••• | -80.0% | •••• | Gurugram, Haryana, India |
| Loginext Solutions Private Limited this company | ₹7.43 Lakh (FY 2021) | •••• | •••• | -99.0% | •••• | Mumbai, Maharashtra, India |
| Innobits Solutions Private Limited | ₹7.41 Lakh (FY 2025) | •••• | •••• | -97.0% | •••• | Bangalore, Karnataka, India |
| Aibi Technology Private Limited | ₹6.43 Lakh (FY 2018) | •••• | •••• | 1093.0% | •••• | Thiruvananthapuram, Kerala, India |
Peers are the companies nearest to Loginext Solutions by revenue, above and below it, in the Information Technology industry (SaaS Providers), with the same principal business activity (computer programming, consultancy and related 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
Loginext Solutions Private Limited is audited by LODHA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| LODHA & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Loginext Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
Loginext Solutions Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹29.54 Cr; the latest was in February 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Loginext Solutions INC. Seller: 4 individuals |
| Jan 2020 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Feb 2016 | Funding round | ₹26.54 Cr | Investors: One97 Mobility Fund |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Essex Properties LLP Seller: Keragreen Floorings Private Limited |
| Apr 2015 | Funding round | ₹3 Cr | Investors: 4 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Loginext Solutions Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S. Minfy Technologies Private Limited | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company by Gray Routes Innovative Distribution LLP | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Gray Routes Innovative Distribution LLP | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Gray Routes Innovative Distribution LLP | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by an individual | Disposed |
: available in 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.
Employees and EPFO Compliance
Loginext Solutions Private Limited has a workforce of 64 employees as of Apr 07, 2024.
: available in the company report
Recent Activity
Loginext Solutions Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Ajit Kumar Surana ceased to be Nominee Director on 16 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Loginext Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Loginext Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Loginext Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in saas (software as a service) providers, within the information technology industry. It was incorporated on 21 February 2014 and is registered under CIN U63090MH2014PTC253522. The company has been struck off by the Registrar of Companies and is no longer operational.
Loginext Solutions had 2 directors:
- Dhruvil Rajeshbhai Sanghvi - Director
- Manisha Raj Raisinghani - Director
The CIN (Corporate Identification Number) of Loginext Solutions is U63090MH2014PTC253522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Loginext Solutions is at Flat No. 1901 Happiness Co – Op. Housing Society Ltd J.S. Dosa Marg Nr. Mulund Railway Stat, Ion W, Mumbai, Maharashtra, India – 400080.
Loginext Solutions was incorporated on 21 February 2014. It is registered with the Registrar of Companies, Mumbai.
Loginext Solutions can be reached through the website loginextsolutions.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Loginext Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 25 October 2021. Year-wise statements from 2015 are in the company report.
No. Loginext Solutions has 1 GST registration on record and it is cancelled or inactive.
Loginext Solutions operated in the information technology industry, in the saas (software as a service) providers segment. It worked in this industry before it was struck off.
Loginext Solutions has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹29.54 Cr; the latest was in February 2020.