About Qwikcilver Solutions Private Limited
Data last updated:
Qwikcilver Solutions Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Pine Labs Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the customer loyalty and engagement solutions segment of the business services sector. It was incorporated on 08 November 2006.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2006PTC360078. Its GSTIN is 29AAACQ1453G1ZJ (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹24.8 Cr and a paid-up capital of ₹3.02 Cr. It was led by directors Indresh Kumar Gupta and Sudarsan Naganath Kumar.
Its last annual general meeting (AGM) was held on 22 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091.
As per the financials filed for FY 2022, the company reported a revenue of ₹322.31 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹62.81 Cr (net margin 19.5%) and EBITDA of ₹88.55 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 21% over five years.
The company was associated with 1 brand: QwikCilver. As per MCA filings, the company had satisfied charges of ₹55 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 19 deals on record (8 funding rounds, 6 secondary share transfers, 4 rights issues), with disclosed funding of ₹131.11 Cr; the latest was in April 2019. The company has 5 MSME Form 1 returns on record between 2010 and 2020, listing 8 overdue payments to 6 micro and small suppliers.
The last known website on record is qwikcilver.com.
Company details
CIN history
Qwikcilver Solutions has one previous CIN (Corporate Identification Number): U72200KA2006PTC040891. The current CIN is U72200DL2006PTC360078, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200DL2006PTC360078 | Current |
| U72200KA2006PTC040891 | Previous |
Contact details
Qwikcilver Solutions Private Limited's registered office is in Delhi, Delhi. Its website is qwikcilver.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091
- IndustryBusiness Services, Customer Loyalty & Engagement Solutions
To see the full contact details of Qwikcilver 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
Qwikcilver Solutions operates one associated brand: QwikCilver. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gift card and store value solutions are provided to businesses. | qwikcilver.com |
Business activity
The main business activity of Qwikcilver Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Qwikcilver Solutions Private Limited, buy the company report.
Financials of Qwikcilver Solutions Private Limited
FY 2022 filings availableQwikcilver Solutions Private Limited reported revenue of ₹322.31 Cr (up 61% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 61% growth in the latest year. EBITDA rose 33% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹322.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹88.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.81 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.5% | ||||
| Net Profit Margin | 19.5% | ||||
| 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 Qwikcilver Solutions Private Limited, buy the company report.
Board of directors and KMP of Qwikcilver Solutions Private Limited
Qwikcilver Solutions Private Limited currently reports 2 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indresh Kumar Gupta | Director | 26 Jan 2022 | 4 Years 8 Months | As last reported |
| Sudarsan Naganath Kumar Also directs: Ainions Solutions Private Limited | Director | 08 Nov 2006 | 19 Years 11 Months | As last reported |
| Ginni Singhal | Company Secretary | 05 Feb 2021 | 5 Years 8 Months | As last reported |
Auditor
Qwikcilver Solutions Private Limited is audited by B S R & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Qwikcilver Solutions Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Qwikcilver Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2016 | 100032397 | Axis Bank Limited | ₹35 Cr | Satisfied | |
| 06 Nov 2015 | 10605194 | Kotak Mahindra Bank Limited | ₹20 Cr | Satisfied | |
| 22 Jan 2014 | 10477582 | Kotak Mahindra Bank Limited | ₹2,000 | Satisfied |
To see the full charge records of Qwikcilver Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Qwikcilver Solutions Private Limited has 19 deals on record (8 funding rounds, 6 secondary share transfers, 4 rights issues), with disclosed funding of ₹131.11 Cr; the latest was in April 2019.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Nov 2017 | Rights issue | ₹3.54 Cr | Investors: an individual |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Qwikcilver Esop Trust, an individual |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Qwikcilver Esop Trust |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Helion Venture Partners Seller: MFL Net Services Private Limited , 3 individuals |
To see the full deal history of Qwikcilver 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
Qwikcilver Solutions Private Limited has 3 court cases on record: 1 filed by Qwikcilver Solutions, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, New Delhi Bench Court-III | Court case (C.P.(CAA)) | Filed by the company against Pine Labs Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Loyalty Solutions and Research Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Loyalty Solutions and Research Private Limited | Disposed |
To see the full case history of Qwikcilver 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
Qwikcilver Solutions Private Limited has 5 MSME Form 1 returns on record between 2010 and 2020, listing 8 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Agromatic Foods Private Limited | |||
| Cartel Infosystems Private Limited | |||
| Kalyx Infotech Private Limited | |||
| A Himanshu Jewelery Private Limited |
To see the full MSME payment records of Qwikcilver Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Qwikcilver Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ1453G1ZJ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Qwikcilver Solutions Private Limited, buy the company report.
Recent activity
Qwikcilver Solutions Private Limited has 16 board changes on record since 2006: 3 appointments and 13 cessations. The latest: Indresh Kumar Gupta ceased to be Additional Director on 22 Sep 2022.
14 earlier events are in the company report.
News
Frequently asked questions
Qwikcilver Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Qwikcilver Solutions was a private limited company based in Delhi, India. The company worked in customer loyalty and engagement solutions, within the business services industry. It was incorporated on 08 November 2006 and is registered under CIN U72200DL2006PTC360078. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Qwikcilver Solutions was incorporated on 08 November 2006. It is registered with the Registrar of Companies, Delhi.
Qwikcilver Solutions had 3 directors and KMP:
- Indresh Kumar Gupta - Director
- Sudarsan Naganath Kumar - Director
- Ginni Singhal - Company Secretary
The CIN (Corporate Identification Number) of Qwikcilver Solutions is U72200DL2006PTC360078. 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 Qwikcilver Solutions is at 207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091.
Qwikcilver Solutions can be reached through the website qwikcilver.com. Its registered office is in Delhi, India.
The latest financial statements of Qwikcilver Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 22 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Qwikcilver Solutions is 29AAACQ1453G1ZJ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Qwikcilver Solutions operated in the business services industry, in the customer loyalty and engagement solutions segment.
Qwikcilver Solutions has 19 deals on record (8 funding rounds, 6 secondary share transfers, 4 rights issues), with disclosed funding of ₹131.11 Cr; the latest was in April 2019.