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, including 4 filed by 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.
Company details
Name history
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
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 |
Contact details
Pincode Shopping Solutions Private Limited's registered office is in Bangalore, Karnataka.
- 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
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Pincode Shopping Solutions Private Limited, buy the company report.
Financials of Pincode Shopping Solutions Private Limited
FY 2025 filings availablePincode Shopping Solutions Private Limited reported revenue of ₹12.32 Cr (up 134% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹283.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹283.2 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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To see the full financial statements and ratios of Pincode Shopping Solutions Private Limited, buy 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 7 Months | Current |
| Vivek Lohcheb | Whole-Time Director | 21 Mar 2023 | 3 Years 7 Months | Current |
| Tessa Joseph Kallarackal Also directs: Indus Appstore Private Limited | Company Secretary | 04 Oct 2023 | 3 Years 0 Months | Current |
Legal cases
Pincode Shopping Solutions Private Limited has 4 court cases on record: 4 filed by Pincode Shopping Solutions. 3 cases are pending and 1 is disposed.
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 |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.Misc.) | Filed by the company against Mahindra and Mahindra Financial Services Limited | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Mahindra and Mahindra Financial Services Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against Mahindra and Mahindra Financial Services Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Contactout Limited | Pending |
To see the full case history of Pincode Shopping Solutions 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
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 |
To see the full MSME payment records of Pincode Shopping Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pincode Shopping Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCP9757F1ZO | Karnataka | Active | 04 Jul 2021 |
To see the full GST registrations and return filing status of Pincode Shopping Solutions Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of Pincode Shopping Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2022 are in the company report.
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: 4 filed by the company. 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.
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.
Pincode Shopping Solutions can be reached through the website pincode.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Pincode Shopping Solutions is at Office – 2 Floor 6 Wing B Block A Salarpuria Softzone, Bellandur Village Varthur Hobli Outer Ring Road, Bangalore, Karnataka, India – 560103.