India's Most Valuable Companies 2023 edition · Source: Hurun India
Rank#367- Valuation
- ₹10,400 Cr
2022 #292
Revenue · FY 2025
₹2,765.76 Cr
▲ 9% YoY
Net loss · FY 2025
₹145.11 Cr
Net margin -5.2%
EBITDA · FY 2025
-₹111.34 Cr
EBITDA margin -4%
Authorised capital
₹91 Lakh
Registered with MCA
Paid-up capital
₹79.61 Lakh
Issued & subscribed
Satisfied charges
₹52.3 Cr
No open charges
Company age
12 yrs
Est. 2014
Employees · EPFO
1,928
Provident fund records
About Ntex Transportation Services Private Limited
Data last updated:
Ntex Transportation Services Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 21 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U63000PN2014PTC151094. Its GSTIN is 27AAUCS5079A1ZZ (Maharashtra). The company holds 26 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹91 Lakh and a paid-up capital of ₹79.61 Lakh. It was formerly known as Spod Private Limited. It is led by directors including Rajesh Raju and Shitiz Bansal.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,765.76 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹145.11 Cr (net margin -5.2%) and EBITDA of -₹111.34 Cr (EBITDA margin -4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 40% over five years.
The company has about 1,928 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ElasticRun. As per MCA filings, the company has satisfied charges of ₹52.3 Cr on record. Court records list 202 cases involving the company, including 184 filed by the company and 18 filed against it; 131 cases are pending. The company has 15 deals on record (6 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹3,235 Cr; the latest was in February 2022. Its 3 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Amazon Wholesale (India) Private Limited with revenue of ₹3,018.7 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2024, listing 22 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website elastic.run.
Company details
CIN U63000PN2014PTC151094
Registration Number 151094
Incorporation Date 21 March 2014
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Ntex Transportation Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U63000PN2014PTC151094, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63000PN2014PTC151094 | Current |
| U52399PN2014PTC151094 | Previous |
| U63090PN2014PTC151094 | Previous |
Recognitions & Rankings of Ntex Transportation Services
Contact details
Ntex Transportation Services Private Limited's registered office is in Pune, Maharashtra. Its website is elastic.run. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Wonder Cars Arena Building Sr. No. 165 Near Kokane Chowk Pimple S, Audagar, Pune, Maharashtra, India – 411027
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Ntex Transportation Services Private Limited, buy the company report.
Comprehensive company report
Ntex Transportation Services 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
Ntex Transportation Services operates one associated brand: ElasticRun. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Rural B2B e-commerce and logistics platform is operated. | elastic.run |
Business activity
The main business activities of Ntex Transportation Services are trade and transport and storage. In detail, this covers wholesale trading and services incidental to land, water & air transportation. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Ntex Transportation Services Private Limited, buy the company report.
Financials of Ntex Transportation Services Private Limited
FY 2025 filings availableNtex Transportation Services Private Limited reported revenue of ₹2,765.76 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹2,765.76 Cr ▲ 9%
Net loss · FY 2025
₹145.11 Cr margin -5.2%
EBITDA · FY 2025
-₹111.34 Cr margin -4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▼ 10%
5 years · compounded
▲ 40%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▲ 31%
5 years · compounded
▼ 5%
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 9% growth in the latest year. EBITDA rose 64% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹111.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹145.11 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4% | ||||
| Net Profit Margin | -5.2% | ||||
| 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 Ntex Transportation Services Private Limited, buy the company report.
Board of directors of Ntex Transportation Services Private Limited
Ntex Transportation Services has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Raju Also directs: Growth I9 Opportunity LLP, Airpay Payment Services Private Limited | Director | 23 May 2016 | 10 Years 5 Months | Current |
| Shitiz Bansal | Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Narendra Rathi | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
| Sandeep Shridharrao Deshmukh | Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Saurabh Kumar Nigam | Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Saurav Jain | Director | 25 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Ntex Transportation Services Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amazon Wholesale (India) Private Limited | ₹3,018.7 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Ntex Transportation Services Private Limitedthis company | ₹2,765.76 Cr (FY 2025) | -₹145.11 Cr | -5.2% | 9.0% | 1,928 | Pune, Maharashtra, India |
| RCM Consumer Products Private Limited | ₹2,011.68 Cr (FY 2025) | 23.0% | Bhilwara, Rajasthan, India | |||
| Skechers South Asia Private Limited | ₹1,970.52 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ntex Transportation Services Private Limited, buy the company report.
Auditor
Ntex Transportation Services Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Ntex Transportation Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ntex Transportation Services Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹52.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2020 | 100365508 | Others | ₹25 Cr | Satisfied | |
| 18 Jul 2019 | 100280114 | Others | ₹15 Cr | Satisfied | |
| 14 Mar 2019 | 100259833 | Others | ₹6.3 Cr | Satisfied | |
| 07 Jun 2018 | 100187423 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Ntex Transportation Services Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Ntex Transportation Services Private Limited has 15 deals on record (6 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹3,235 Cr; the latest was in February 2022.
Total deals
15
Funding rounds
6
Secondary share transfers
6
Convertible or debt financings
3
Disclosed funding
₹3,235 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round · Series E | ₹2,259.78 Cr | Investors: Softbank, Prosus (Naspers), Chimera Investments |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Softbank, Prosus (Naspers), Goldman Sachs Private Equity Seller: Avataar Venture Partners |
| Jan 2022 | Secondary share transfer | Undisclosed | Seller: 3 individuals |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Kalaari Capital, Avataar Venture Partners Seller: 4 individuals |
| Oct 2019 | Funding round · Series C | ₹278.12 Cr | Investors: Prosus (Naspers), Avataar Venture Partners, Kalaari Capital |
To see the full deal history of Ntex Transportation Services 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
Ntex Transportation Services Private Limited has 202 court cases on record: 184 filed by Ntex Transportation Services, 18 filed against it. 131 cases are pending and 71 are disposed.
Total cases
202
Filed by the company
184
Filed against the company
18
Pending
131
Disposed
71
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 181 | 10 | 126 |
| High courts | 16 | 3 | 0 |
| NCLAT | 5 | 5 | 5 |
Cases on record (5 of 202)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Agriallx Ventures Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Agriallx Ventures Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Jaya Nutritions Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Calicut Hypermart Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Doehler India Pvt. Ltd. Through Viraj Linesh Shah | Pending |
To see the full case history of Ntex Transportation Services 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
Ntex Transportation Services Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 22 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Aurovisglobal Private Limited |
To see the full MSME payment records of Ntex Transportation Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ntex Transportation Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Ntex Transportation Services Private Limited has a workforce of 1,928 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
1,928
Active EPFO establishments
1
Employee growth
-38.3%
GST
Ntex Transportation Services has 26 GST registrations: 25 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
26
Active
25
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS5079A1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 08AAUCS5079A1ZZ | Rajasthan | Active | 10 Jul 2017 |
| 17AAUCS5079A1Z0 | Meghalaya | Active | 10 Jul 2017 |
| 19AAUCS5079A1ZW | West Bengal | Active | 10 Jul 2017 |
To see the full GST registrations and return filing status of Ntex Transportation Services Private Limited, buy the company report.
Recent activity
Ntex Transportation Services Private Limited has 16 board changes on record since 2014: 11 appointments and 5 cessations. The latest: Ankit Anjani Gadia ceased to be CFO on 31 Jul 2025.
AGM
Ntex Transportation Services Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Ankit Anjani Gadia ceased to be CFO.
Filing
Ntex Transportation Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Ankit Anjani Gadia was appointed as CFO.
Ceased
Ashutosh Sharma ceased to be Director.
Appointed
Saurav Jain was appointed as Director.
Charges
A charge registered on 20 Aug 2020 via Charge ID 100365508 with Others was fully satisfied on 29 Jul 2022.
Appointed
Narendra Rathi was appointed as Director.
Charges
A charge registered on 18 Jul 2019 via Charge ID 100280114 with Others was fully satisfied on 30 Nov 2021.
Charges
A charge registered on 07 Jun 2018 via Charge ID 100187423 with Others was fully satisfied on 04 Feb 2021.
Charges
A charge with Others amounted to Rs. 2,500.00 Lakh with Charge ID 100365508 was registered on 20 Aug 2020.
Charges
A charge registered on 14 Mar 2019 via Charge ID 100259833 with Others was fully satisfied on 17 Aug 2020.
15 earlier events are in the company report.
News
Frequently asked questions
Ntex Transportation Services is an active private limited company based in Pune, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 21 March 2014 (12+ years old) and is registered under CIN U63000PN2014PTC151094.
Ntex Transportation Services has 6 current directors:
- Rajesh Raju - Director
- Shitiz Bansal - Director
- Narendra Rathi - Director
- Sandeep Shridharrao Deshmukh - Director
- Saurabh Kumar Nigam - Director
- Saurav Jain - Director
The latest financial statements of Ntex Transportation Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ntex Transportation Services is 27AAUCS5079A1ZZ, registered in Maharashtra. The company has 26 GST registrations in all, of which 25 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAUCS5079A1ZZ (Rajasthan), 17AAUCS5079A1Z0 (Meghalaya), 19AAUCS5079A1ZW (West Bengal).
The CIN (Corporate Identification Number) of Ntex Transportation Services is U63000PN2014PTC151094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ntex Transportation Services has 202 court cases on record: 184 filed by the company and 18 filed against it. 131 are pending. Most are in the district courts.
Ntex Transportation Services was incorporated on 21 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
Ntex Transportation Services has 15 deals on record (6 funding rounds, 6 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹3,235 Cr; the latest was in February 2022.
The peers of Ntex Transportation Services by revenue are Amazon Wholesale (India) Private Limited, RCM Consumer Products Private Limited, Skechers South Asia Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading).
Ankit Anjani Gadia ceased to be CFO on 31 Jul 2025. Ankit Anjani Gadia was appointed as CFO on 25 Jul 2024. Ashutosh Sharma ceased to be Director on 25 Jul 2024. Ntex Transportation Services has 16 board changes on record in total.
Ntex Transportation Services has 6 MSME Form 1 returns on record between 2019 and 2024, listing 22 overdue payments to 10 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Ntex Transportation Services can be reached through the website elastic.run. Its registered office is in Pune, Maharashtra, India.
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