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Shipturtle Apps Private Limited - e-commerce in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.37 Cr
▲ 165% YoY
Net loss · FY 2024
₹64.42 Lakh
Net margin -46.9%
EBITDA · FY 2024
-₹62.04 Lakh
EBITDA margin -45.1%
Authorised capital
₹7 Lakh
Registered with MCA
Paid-up capital
₹4.33 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Shipturtle Apps Private Limited
Data last updated:
Shipturtle Apps Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 27 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2021PTC122863. Its GSTIN is 24ABGCS1371Q1ZX (Gujarat).
The company has an authorised share capital of ₹7 Lakh and a paid-up capital of ₹4.33 Lakh. It is led by directors including Sharad Kabra and Saumitra Shishir Kabra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹64.42 Lakh (net margin -46.9%) and EBITDA of -₹62.04 Lakh (EBITDA margin -45.1%).
The company is associated with 1 brand: ShipTurtle. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3.5 Cr; the latest was in May 2023. Its 10 peer companies in the same principal business activity (other information & communication service activities) are compared by revenue, 5 larger and 5 smaller; the largest is Factonity Systems Private Limited with revenue of ₹1.38 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shipturtle.com.
Company details
CIN U72900GJ2021PTC122863
Registration Number 122863
Incorporation Date 27 May 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Shipturtle Apps
Contact details
Shipturtle Apps Private Limited's registered office is in Ahmedabad, Gujarat. Its website is shipturtle.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address27/F/F Patel Society, Opp – C.P.Office Shahibag, Ahmedabad, Gujarat, India – 380004
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Shipturtle Apps Private Limited, buy the company report.
Comprehensive company report
Shipturtle Apps 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
Shipturtle Apps operates one associated brand: ShipTurtle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-vendor e-commerce fulfillment is enabled via SaaS platform. | shipturtle.com |
Business activity
The main business activity of Shipturtle Apps is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Shipturtle Apps Private Limited, buy the company report.
Financials of Shipturtle Apps Private Limited
FY 2024 filings availableShipturtle Apps Private Limited reported revenue of ₹1.37 Cr (up 165% YoY) for FY 2024.
Revenue · FY 2024
₹1.37 Cr ▲ 165%
Net loss · FY 2024
₹64.42 Lakh margin -46.9%
EBITDA · FY 2024
-₹62.04 Lakh margin -45.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 165%
EBITDA CAGR growth
1 year
▼ 108%
Revenue rose 165% in the latest year. EBITDA fell 108% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹62.04 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹64.42 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 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -45.1% | ||
| Net Profit Margin | -46.9% | ||
| 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 Shipturtle Apps Private Limited, buy the company report.
Board of directors of Shipturtle Apps Private Limited
Shipturtle Apps has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharad Kabra | Director | 27 May 2021 | 5 Years 4 Months | Current |
| Saumitra Shishir Kabra Also directs: NSR International Private Limited | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Shishir Kabra Also directs: NSR International Private Limited | Director | 08 Dec 2022 | 3 Years 10 Months | Current |
Peer comparison
Shipturtle Apps Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Factonity Systems Private Limited | ₹1.38 Cr (FY 2025) | 56.0% | Gurgaon, Haryana, India | |||
| Kanish Technologies Private Limited | ₹1.38 Cr (FY 2025) | Bengaluru, Karnataka, India | ||||
| Lloyds Medical Solutions Private Limited | ₹1.37 Cr (FY 2025) | 20.0% | Bangalore, Karnataka, India | |||
| Vinbhaw Infotech Solution Private Limited | ₹1.37 Cr (FY 2022) | -10.0% | New Delhi, Delhi, India | |||
| GKC Consultants OPC Private Limited | ₹1.37 Cr (FY 2025) | 31.0% | Delhi, India | |||
| Shipturtle Apps Private Limitedthis company | ₹1.37 Cr (FY 2024) | -₹64.42 Lakh | -46.9% | 165.0% | Ahmedabad, Gujarat, India | |
| Recybertech Solutions Private Limited | ₹1.37 Cr (FY 2025) | 34.0% | Idukki, Kerala, India | |||
| Rubus Digital Private Limited | ₹1.37 Cr (FY 2025) | 37.0% | Hyderabad, Telangana, India | |||
| Mazeworks Solutions Private Limited | ₹1.37 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Igds Technologies Private Limited | ₹1.37 Cr (FY 2023) | 24.0% | Thiruvananthapuram, Kerala, India | |||
| PVG IT Infrastructure Services Private Limited | ₹1.37 Cr (FY 2025) | -27.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Shipturtle Apps Private Limited, buy the company report.
Auditor
Shipturtle Apps Private Limited is audited by DEVANSHI SANGHANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEVANSHI SANGHANI & CO. | FY 2023 | 0140176W |
Shareholding
The shareholding of Shipturtle Apps Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shipturtle Apps Private Limited, buy the company report.
Deals & funding
Shipturtle Apps Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3.5 Cr; the latest was in May 2023.
Total deals
1
Funding round
1
Disclosed funding
₹3.5 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Funding round | ₹3.5 Cr | Investors: Inflection Point Ventures |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shipturtle Apps Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Webkul Software Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S Thats Wow Store | Pending |
To see the full case history of Shipturtle Apps 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 Shipturtle Apps Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shipturtle Apps Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
Active EPFO establishments
1
GST
Shipturtle Apps has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABGCS1371Q1ZX | Gujarat | Active | 23 Jun 2021 |
To see the full GST registrations and return filing status of Shipturtle Apps Private Limited, buy the company report.
Recent activity
Shipturtle Apps Private Limited has 6 board changes on record since 2021: 3 appointments and 3 cessations. The latest: Saumitra Shishir Kabra was appointed as Director on 30 Sep 2024.
AGM
Shipturtle Apps Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Saumitra Shishir Kabra was appointed as Director.
Filing
Shipturtle Apps Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Rashmi Chouhan ceased to be Additional Director.
Ceased
Shishir Kabra ceased to be Additional Director.
Ceased
Govindrajan Balan Mudaliar ceased to be Director.
Appointed
Shishir Kabra was appointed as Director.
Appointed
Sharad Kabra was appointed as Director.
Incorporation
27 May 2021
Shipturtle Apps Private Limited was registered on 27 May 2021 with Roc Ahmedabad & aged 5 years 4 months as per MCA records.
Frequently asked questions
Shipturtle Apps is an active private limited company based in Ahmedabad, Gujarat, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 27 May 2021 (5+ years old) and is registered under CIN U72900GJ2021PTC122863.
Shipturtle Apps has 3 current directors:
- Sharad Kabra - Director
- Saumitra Shishir Kabra - Director
- Shishir Kabra - Director
The latest financial statements of Shipturtle Apps on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Shipturtle Apps is 24ABGCS1371Q1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Shipturtle Apps is U72900GJ2021PTC122863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shipturtle Apps has 2 court cases on record: 2 filed against it. 2 are pending. Most are in the district courts.
Shipturtle Apps was incorporated on 27 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Shipturtle Apps has 1 deal on record (1 funding round), with disclosed funding of ₹3.5 Cr; the latest was in May 2023.
The peers of Shipturtle Apps by revenue are Factonity Systems Private Limited, Kanish Technologies Private Limited, Lloyds Medical Solutions Private Limited, Vinbhaw Infotech Solution Private Limited, GKC Consultants OPC Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Saumitra Shishir Kabra was appointed as Director on 30 Sep 2024. Rashmi Chouhan ceased to be Additional Director on 29 Sep 2023. Shishir Kabra ceased to be Additional Director on 29 Sep 2023. Shipturtle Apps has 6 board changes on record in total.
Yes, Shipturtle Apps is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).