About Pincode Shopping Solutions Private Limited
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Pincode Shopping Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Phonepe Private Limited. It operates in the online grocery platforms segment of the e-commerce sector. It was incorporated on 03 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U62099KA2021PTC147100. Its GSTIN is 29AALCP9757F1ZO (Karnataka).
The company has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹764.9 Cr. It was formerly known as Phonepe Shopping Solutions Private Limited and Phonepe Payment Technology Services Private Limited. It is led by directors including Neeraj Devaraj Bharadwaj (Whole-Time Director) and Lalit Kumar Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.32 Cr, a growth of 134% compared to the previous year. For the same year it recorded a net loss of ₹283.2 Cr and EBITDA of -₹283.1 Cr. Revenue has grown at a compounded annual rate (CAGR) of 273% over three years.
The company has about 114 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Pincode and PhonePe. Court records list 4 cases involving the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pincode.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Apps
- Registered AddressOffice – 2 Floor 6 Wing B Block A Salarpuria Softzone, Bellandur Village Varthur Hobli Outer Ring Road, Bangalore, Karnataka, India – 560103
- IndustryE-Commerce, Online Grocery 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 Pincode Shopping Solutions Private Limited
The main business activity of Pincode Shopping Solutions is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | 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 Pincode Shopping Solutions Private Limited FY 2025 filings available
Pincode Shopping Solutions Private Limited reported revenue of ₹12.32 Cr (up 134% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pincode Shopping Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 273% over three years, including 134% growth in the latest year. EBITDA fell 165% 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 Pincode Shopping Solutions Private Limited
| Metrics | FY 2024-25 | 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 | -₹283.1 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹283.2 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 of Pincode Shopping Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 Pincode Shopping Solutions are in the company report.
Financial statements from FY 2022
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 Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Grocery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Livingtheory Technologies Private Limited | ₹16.67 Cr (FY 2025) | •••• | •••• | 204.0% | •••• | Bangalore, Karnataka, India |
| Theorganic Carbon Private Limited | ₹14.84 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | Pune, Maharashtra, India |
| Agashe Stores Private Limited | ₹12.65 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Ratnagiri, Maharashtra, India |
| TGG Technologies Private Limited | ₹12.43 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Guwahati, Assam, India |
| Shadab Grocery Private Limited | ₹12.33 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Kolkata, West Bengal, India |
| Pincode Shopping Solutions Private Limited this company | ₹12.32 Cr (FY 2025) | •••• | •••• | 134.0% | •••• | Bangalore, Karnataka, India |
| S D S Overseas Private Limited | ₹12.1 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Singhania Enterprises Private Limited | ₹11.27 Cr (FY 2025) | •••• | •••• | 237.0% | •••• | Gurgaon, Haryana, India |
| Artisan Grown Organics Private Limited | ₹10.57 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Rapture Retails Private Limited | ₹9.74 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Jaipur, Rajasthan, India |
| KDM Foods Private Limited | ₹9.44 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Pincode Shopping Solutions by revenue in the Ecommerce and Internet industry (Grocery), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors and KMP of Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited currently reports 3 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Devaraj Bharadwaj | Whole-Time Director | 06 Nov 2023 | 2 Years 11 Months | Current |
| Lalit Kumar Singh | Whole-Time Director | 21 Mar 2023 | 3 Years 6 Months | Current |
| Vivek Lohcheb | Whole-Time Director | 21 Mar 2023 | 3 Years 6 Months | Current |
| Tessa Joseph Kallarackal Also directs: Indus Appstore Private Limited | Company Secretary | 04 Oct 2023 | 3 Years 0 Months | Current |
Charges & Borrowings of Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited has 4 court cases on record: 4 where it is another party. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 2 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Company is another party | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 52 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tolu Technologies Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Raksha Technologies Private Limited | •••• | •••• | •••• |
| Globalplay Media Technologies Private Limited | •••• | •••• | •••• |
| Azure Press Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions operates two associated brands: Pincode and PhonePe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online app for quick delivery of groceries, medicines, and fashion items. | pincode.com | |
| Payment, financial, investment, and lending services are provided digitally. | phonepe.com |
Employees and EPFO Compliance at Pincode Shopping Solutions Private Limited
Employment history and EPFO contributions of people linked to Pincode Shopping Solutions.
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.
Name History of Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions has undergone 2 name changes throughout its history. The company was previously known as Phonepe Shopping Solutions Private Limited, and Phonepe Payment Technology Services Private Limited. The current legal name is Pincode Shopping Solutions Private Limited.
| Company Name | Status |
|---|---|
| Pincode Shopping Solutions Private Limited | Current |
| Phonepe Shopping Solutions Private Limited | Previous |
| Phonepe Payment Technology Services Private Limited | Previous |
CIN History of Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U62099KA2021PTC147100, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62099KA2021PTC147100 | Current |
| U67100KA2021PTC147100 | Previous |
| U72100KA2021PTC147100 | Previous |
News related to Pincode Shopping Solutions Private Limited
Recent Activity on Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions Private Limited has 10 board changes on record since 2023: 4 appointments and 6 cessations. The latest: Neeraj Devaraj Bharadwaj was appointed as Whole-Time Director on 06 Nov 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pincode Shopping Solutions 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.
Subsidiaries & Group Companies of Pincode Shopping Solutions 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 Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP9757F1ZO | Karnataka | Active | 04 Jul 2021 |
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 Pincode Shopping Solutions 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 Pincode Shopping Solutions Private Limited
Pincode Shopping Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online grocery platforms, within the e-commerce industry. It was incorporated on 03 May 2021 (5+ years old) and is registered under CIN U62099KA2021PTC147100.
Pincode Shopping Solutions reported revenue of ₹12.32 Cr for FY 2025 (up 134% YoY).
Pincode Shopping Solutions has 4 current directors and KMP:
- Neeraj Devaraj Bharadwaj - Whole-Time Director
- Lalit Kumar Singh - Whole-Time Director
- Vivek Lohcheb - Whole-Time Director
- Tessa Joseph Kallarackal - Company Secretary
Pincode Shopping Solutions reported a net loss of ₹283.2 Cr and EBITDA of -₹283.1 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pincode Shopping Solutions is 273% over three years. In the latest year (FY 2025) revenue rose 134%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pincode Shopping Solutions is 29AALCP9757F1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Pincode Shopping Solutions is U62099KA2021PTC147100. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pincode Shopping Solutions has 4 court cases on record. 3 are pending. Most are in the district courts.
Pincode Shopping Solutions was incorporated on 03 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pincode Shopping Solutions by revenue are Livingtheory Technologies Private Limited, Theorganic Carbon Private Limited, Agashe Stores Private Limited, TGG Technologies Private Limited, Shadab Grocery Private Limited and 5 more, all in the Ecommerce and Internet industry (Grocery).
Neeraj Devaraj Bharadwaj was appointed as Whole-Time Director on 06 Nov 2023. Neeraj Devaraj Bharadwaj ceased to be Director on 06 Nov 2023. Tessa Joseph Kallarackal was appointed as Company Secretary on 04 Oct 2023. Pincode Shopping Solutions has 10 board changes on record in total.
Pincode Shopping Solutions has 7 MSME Form 1 returns on record between 2022 and 2024, listing 52 overdue payments to 15 micro and small suppliers. The latest return was filed on 29 Apr 2024.