About Northmist Private Limited
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Northmist Private Limited is a private limited company based in Bangalore, Karnataka, 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 12 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17309KA2018PTC110987. Its GSTIN is 29AAFCN9984J1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.37 Lakh. It is led by directors Saloni Biswal and Soumendra Chandrasekhar Biswal.
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 237 7th Cross S T Bed Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.13 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹12.48 Lakh and EBITDA of -₹12.08 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 30% over five years.
The company is associated with 1 brand: Northmist. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹1.05 Cr; the latest was in July 2019. Its 10 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce) are compared by revenue, 5 larger and 5 smaller; the largest is Nuta E-Commerce Solution Private Limited with revenue of ₹2.19 Lakh.
For more details, the company can be reached via its website northmist.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address237 7th Cross S T Bed Koramangala, Bangalore, Karnataka, India – 560034
- IndustryE-Commerce, General E-Commerce Platforms
- 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
Business Activity of Northmist Private Limited
The main business activity of Northmist is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | 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 Northmist Private Limited FY 2024 filings available
Northmist Private Limited reported revenue of ₹2.13 Lakh (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Northmist Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 87% fall in the latest year. EBITDA rose 68% 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 Northmist Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹12.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.48 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 of Northmist Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 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 Northmist are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Northmist Private Limited
Northmist Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nuta E-Commerce Solution Private Limited | ₹2.19 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Panaji, Goa, India |
| Tussya by Shreya Private Limited | ₹2.16 Lakh (FY 2025) | •••• | •••• | 1175.0% | •••• | Gurgaon, Haryana, India |
| Dhruva Creation Technologies Private Limited | ₹2.16 Lakh (FY 2024) | •••• | •••• | -95.0% | •••• | Pune, Maharashtra, India |
| Bah-Bet Hub Private Limited | ₹2.14 Lakh (FY 2024) | •••• | •••• | 141.0% | •••• | Golaghat, Assam, India |
| Glass Polish Shop Private Limited | ₹2.13 Lakh (FY 2019) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Northmist Private Limited this company | ₹2.13 Lakh (FY 2024) | •••• | •••• | -87.0% | •••• | Bangalore, Karnataka, India |
| Infinite Innovative Physics Labs Private Limited | ₹2.12 Lakh (FY 2024) | •••• | •••• | -32.0% | •••• | Bangalore, Karnataka, India |
| Horza Private Limited | ₹2.11 Lakh (FY 2022) | •••• | •••• | 279.0% | •••• | Bangalore, Karnataka, India |
| Aavak Retail Private Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | 511.0% | •••• | Ahmedabad, Gujarat, India |
| Kaushalya Consultants Private Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Delhi, India |
| Bhrsa Eco-Conscious Lifestyle Private Limited | ₹2.09 Lakh (FY 2024) | •••• | •••• | 38.0% | •••• | Mangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Northmist by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 Northmist Private Limited
Northmist Private Limited is audited by VASG & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VASG & ASSOCIATES | 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.
Board of Directors of Northmist Private Limited
Northmist has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saloni Biswal | Director | 15 Nov 2023 | 2 Years 10 Months | Current |
| Soumendra Chandrasekhar Biswal | Director | 28 Jan 2022 | 4 Years 8 Months | Current |
Ownership and Shareholding of Northmist 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 Northmist Private Limited
Northmist Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Northmist Private Limited
Northmist Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹1.05 Cr; the latest was in July 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Funding round | ₹97.7 Lakh | Investors: 2 individuals |
| Oct 2018 | Funding round | Undisclosed | Investors: an individual |
| May 2018 | Funding round | ₹7 Lakh | Investors: an individual |
Full deal history
All 3 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.
Associated Brands with Northmist Private Limited
Northmist operates one associated brand: Northmist. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Eco-friendly men's apparel is provided online by Northmist. | northmist.com |
Employees and EPFO Compliance at Northmist Private Limited
Employment history and EPFO contributions of people linked to Northmist.
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.
Recent Activity on Northmist Private Limited
Northmist Private Limited has 5 board changes on record since 2022: 2 appointments and 3 cessations. The latest: Mohammedmuiez Ahmed ceased to be Director on 15 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Northmist 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 Northmist 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 Northmist 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 Northmist Private Limited
Northmist has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN9984J1ZI | Karnataka | Active | 27 Apr 2018 |
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 Northmist 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.
Frequently Asked Questions about Northmist Private Limited
Northmist is an active private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 12 March 2018 (8+ years old) and is registered under CIN U17309KA2018PTC110987.
Northmist reported revenue of ₹2.13 Lakh for FY 2024 (down 87% YoY).
Northmist has 2 current directors:
- Saloni Biswal - Director
- Soumendra Chandrasekhar Biswal - Director
Northmist reported a net loss of ₹12.48 Lakh and EBITDA of -₹12.08 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Northmist is -84% over three years and -30% over five years. In the latest year (FY 2024) revenue fell 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Northmist is 29AAFCN9984J1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Northmist is U17309KA2018PTC110987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Northmist was incorporated on 12 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Northmist has 3 deals on record (3 funding rounds), with disclosed funding of ₹1.05 Cr; the latest was in July 2019.
The peers of Northmist by revenue are Nuta E-Commerce Solution Private Limited, Tussya by Shreya Private Limited, Dhruva Creation Technologies Private Limited, Bah-Bet Hub Private Limited, Glass Polish Shop Private Limited and 5 more, all in the Ecommerce and Internet industry (Broad Based Ecommerce).
Mohammedmuiez Ahmed ceased to be Director on 15 Nov 2023. Saloni Biswal was appointed as Director on 15 Nov 2023. Arijit Mazumdar ceased to be Director on 31 Jan 2022. Northmist has 5 board changes on record in total.