About Phonic Online Private Limited
Data last updated:
Phonic Online Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Omniventures Private Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the online mobile retail segment of the e-commerce sector. It was incorporated on 30 September 2008.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2008PTC183856. Its GSTIN is 07AAFCM7436G2ZC (Delhi). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.43 Cr. It was formerly known as Modicap Advisors Private Limited and Spice Online Retail Private Limited. It is led by directors including Pradeep Kumar Awasthi (Whole-Time Director) and Mukesh Chand Jain (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at G – 3 Ground Floor Gedor House 51 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.67 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹4.61 Lakh (net margin -31.4%) and EBITDA of -₹3.37 Lakh (EBITDA margin -23%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years and 79% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹35 Cr on record. The company has 7 deals on record (3 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹16.01 Cr; the latest was in February 2018.
The last known website on record is spiceretail.co.in.
Company details
Name history
Phonic Online has undergone 6 name changes throughout its history. The current legal name is Phonic Online Private Limited.
| Company Name | Status |
|---|---|
| Phonic Online Private Limited | Current |
| Modicap Advisors Private Limited | Previous |
| Spice Online Retail Private Limited | Previous |
| Spice Ecommerce Private Limited | Previous |
| Profit Mandi Private Limited | Previous |
| Spice Ventures Private Limited | Previous |
| Spice Profit Mandi Private Limited | Previous |
Contact details
Phonic Online Private Limited's registered office is in New Delhi, Delhi. Its website is spiceretail.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressG – 3 Ground Floor Gedor House 51 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryE-Commerce, Online Mobile Retail
To see the full contact details of Phonic Online 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
Financials of Phonic Online Private Limited
FY 2023 filings availablePhonic Online Private Limited reported revenue of ₹14.67 Lakh (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 79% over five years, including a 98% fall in the latest year. EBITDA fell 100% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹3.37 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.61 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23% | ||||
| Net Profit Margin | -31.4% | ||||
| 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 Phonic Online Private Limited, buy the company report.
Board of directors of Phonic Online Private Limited
Phonic Online has 4 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Chand Jain Also directs: Esconet Technologies Limited, Alwyn Resolutions Private Limited | Irp/Rp/Liquidator | 01 Oct 2024 | 2 Years 0 Months | As last reported |
| Vineet Saxena Also directs: New Spice Sales and Solutions Limited, Cellucom Retail India Private Limited, Hindustan Retail Private Limited and 3 more | Director | 01 Oct 2022 | 4 Years 0 Months | As last reported |
| Pradeep Kumar Awasthi Also directs: New Spice Sales and Solutions Limited, Cellucom Retail India Private Limited, Ayoka Enterprises Private Limited and 3 more | Whole-Time Director | 15 Feb 2018 | 8 Years 8 Months | As last reported |
| Ankush Munjal Also directs: Bharat Dynamics Limited | Irp/Rp/Liquidator | 09 Feb 2024 | 2 Years 8 Months | As last reported |
Auditor
Phonic Online Private Limited is audited by NAVNEET AGARWAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAVNEET AGARWAL & CO | FY 2020 | 026513N |
Shareholding
The shareholding of Phonic Online Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Phonic Online Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2016 | 100050989 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Phonic Online Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Phonic Online Private Limited has 7 deals on record (3 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹16.01 Cr; the latest was in February 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Omniventures Private Limited & Rajesh Yadav Seller: Omniventures Private Limited & Mohit Bansal |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Omniventures Private Limited , Omniventures Private Limited & Mohit Bansal Seller: Hindustan Retail Private Limited , Hindustan Retail Private Limited & Gopal Singh Negi |
| Mar 2015 | Acquisition | ₹7.9 Cr | Buyer: Hindustan Retail Private Limited |
| Jul 2012 | Acquisition | ₹2.01 Cr | Buyer: Hindustan Retail Private Limited Seller: Spice Innovative Technologies Private Limited , Hindustan Retail Private Limited & Gopal Singh Negi |
| Dec 2010 | Acquisition | ₹2 Cr | Buyer: Spice Innovative Technologies Private Limited |
To see the full deal history of Phonic Online 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
No court or tribunal cases involving Phonic Online Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Phonic Online Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Phonic Online has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hotspot Sales & Solutions Private Limited | U74999DL2016PTC322696 |
To see the full group structure of Phonic Online Private Limited, buy the company report.
Employees & EPFO
Phonic Online Private Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Phonic Online has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCM7436G2ZC | Delhi | Active | 02 Apr 2019 |
| 09AAFCM7436G1Z9 | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAFCM7436G1Z8 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Phonic Online Private Limited, buy the company report.
Recent activity
Phonic Online Private Limited has 24 board changes on record since 2010: 4 appointments and 20 cessations. The latest: Mukesh Chand Jain was appointed as Irp/Rp/Liquidator on 01 Oct 2024.
18 earlier events are in the company report.
Frequently asked questions
Phonic Online is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Phonic Online is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in online mobile retail, within the e-commerce industry. It was incorporated on 30 September 2008 and is registered under CIN U74140DL2008PTC183856. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Phonic Online has 4 current directors:
- Pradeep Kumar Awasthi - Whole-Time Director
- Vineet Saxena - Director
- Mukesh Chand Jain - Irp/Rp/Liquidator
- Ankush Munjal - Irp/Rp/Liquidator
The latest financial statements of Phonic Online on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Phonic Online is U74140DL2008PTC183856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phonic Online has no open charges and satisfied charges of ₹35 Cr as per latest MCA filings.
Phonic Online was incorporated on 30 September 2008. It is registered with the Registrar of Companies, Delhi.
Phonic Online has 7 deals on record (3 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹16.01 Cr; the latest was in February 2018.
Mukesh Chand Jain was appointed as Irp/Rp/Liquidator on 01 Oct 2024. Ankush Munjal was appointed as Irp/Rp/Liquidator on 09 Feb 2024. Vineet Saxena ceased to be Additional Director on 24 Sep 2023. Phonic Online has 24 board changes on record in total.
Phonic Online can be reached through the website spiceretail.co.in. Its registered office is in New Delhi, Delhi, India.