Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited - business services in Delhi, India. Directors, charges & compliance details.
CIN U72200DL2006PTC360078 Incorporated 08 November 2006 ROC Delhi HQ Delhi, India
Merged Private Limited Company business services
Data last updated
Revenue · FY 2022
₹322.31 Cr
▲ 61% YoY
Net profit · FY 2022
₹62.81 Cr
Net margin 19.5%
EBITDA · FY 2022
₹88.55 Cr
EBITDA margin 27.5%
Authorised capital
₹24.8 Cr
Registered with MCA
Paid-up capital
₹3.02 Cr
Issued & subscribed
Satisfied charges
₹55 Cr
No open charges
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings

About Qwikcilver Solutions Private Limited

Data last updated:

Qwikcilver Solutions Private Limited was a private limited company based in Delhi, India, operated as a subsidiary of Pine Labs Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the customer loyalty and engagement solutions segment of the business services sector. It was incorporated on 08 November 2006.

The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72200DL2006PTC360078. Its GSTIN is 29AAACQ1453G1ZJ (Karnataka). The company held 2 GST registrations, of which 1 is active.

The company had an authorised share capital of ₹24.8 Cr and a paid-up capital of ₹3.02 Cr. It was led by directors Indresh Kumar Gupta and Sudarsan Naganath Kumar.

Its last annual general meeting (AGM) was held on 22 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091.

As per the financials filed for FY 2022, the company reported a revenue of ₹322.31 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹62.81 Cr (net margin 19.5%) and EBITDA of ₹88.55 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 21% over five years.

The company was associated with 1 brand: QwikCilver. As per MCA filings, the company had satisfied charges of ₹55 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 19 deals on record (8 funding rounds, 6 secondary share transfers, 4 rights issues), with disclosed funding of ₹131.11 Cr; the latest was in April 2019. Its 8 peer companies in the Business Services industry (Customer Loyalty Solutions) are compared by revenue, 3 larger and 5 smaller; the largest is Reward360 Global Services Private Limited with revenue of ₹1,098.91 Cr. The company has 5 MSME Form 1 returns on record between 2010 and 2020, listing 8 overdue payments to 6 micro and small suppliers.

The last known website on record is qwikcilver.com.

Company Details of Qwikcilver Solutions Private Limited
CIN U72200DL2006PTC360078
Registration Number 360078
Incorporation Date 08 November 2006
ROC Delhi
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 22 September 2022
Date of Balance Sheet 31 March 2022
Parent Company Pine Labs Private Limited
Compliance Status Active Compliant
Key People
Indresh Kumar Gupta Director Sudarsan Naganath Kumar Director Ginni Singhal Company Secretary
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    qwikcilver.com
  • Social Media
  • Registered Address
    207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091
  • Industry
    Business Services, Customer Loyalty & Engagement Solutions
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Financials, compliance, directors, charges, ownership and filings for Qwikcilver Solutions Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Qwikcilver Solutions Private Limited

The main business activity of Qwikcilver Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Qwikcilver Solutions Private Limited FY 2022 filings available

Qwikcilver Solutions Private Limited reported revenue of ₹322.31 Cr (up 61% YoY) for FY 2022.

Revenue · FY 2022
₹322.31 Cr ▲ 61%
Net profit · FY 2022
₹62.81 Cr margin 19.5%
EBITDA · FY 2022
₹88.55 Cr margin 27.5%

Compounded Annual Growth Rate (CAGR) of Qwikcilver Solutions Private Limited

Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▲ 24%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 61%
5 years · compounded
▲ 82%

Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 61% growth in the latest year. EBITDA rose 33% 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 Qwikcilver Solutions Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹322.31 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹88.55 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹62.81 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 Qwikcilver Solutions Private Limited

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin27.5%••••••••••••••••
Net Profit Margin19.5%••••••••••••••••
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 Qwikcilver Solutions are in the company report.

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Peer Comparison of Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Customer Loyalty Solutions). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Reward360 Global Services Private Limited₹1,098.91 Cr (FY 2025)••••••••15.0%••••Bengaluru, Karnataka, India
Accentiv (India) Private Limited₹777.49 Cr (FY 2025)••••••••-9.0%••••Chennai, Tamil Nadu, India
Loylty Rewardz Management Private Limited₹515.93 Cr (FY 2025)••••••••28.0%••••Mumbai, Maharashtra, India
Qwikcilver Solutions Private Limited this company₹322.31 Cr (FY 2022)••••••••61.0%••••Delhi, India
O.C.Tanner India Private Limited₹263.81 Cr (FY 2025)••••••••6.0%••••Mumbai, Maharashtra, India
Jet Privilege Private Limited₹253.34 Cr (FY 2023)••••••••-43.0%••••Mumbai, Maharashtra, India
Blackhawk Network (India) Private Limited₹172.95 Cr (FY 2025)••••••••6.0%••••Bangalore, Karnataka, India
Mastercard Loyalty Solutions India Private Limited₹156.3 Cr (FY 2025)••••••••63.0%••••Mumbai, Maharashtra, India
Amritsar Smart City Limited₹146.72 Cr (FY 2022)••••••••110.0%••••Amritsar, Punjab, India

Peers are the five companies nearest above and the five nearest below Qwikcilver Solutions by revenue in the Business Services industry (Customer Loyalty Solutions), 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 Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited is audited by B S R & Co LLP for the financial year 2022.

NameStatusAppointment DateCessation Date
B S R & Co LLPLockedLockedLocked
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Board of Directors and KMP of Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited currently reports 2 directors and 1 key managerial person. 14 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Indresh Kumar GuptaDirector26 Jan 20224 Years 8 MonthsAs last reported
Sudarsan Naganath Kumar
Also directs: Ainions Solutions Private Limited
Director08 Nov 200619 Years 11 MonthsAs last reported
Ginni SinghalCompany Secretary05 Feb 20215 Years 8 MonthsAs last reported
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Ownership and Shareholding of Qwikcilver Solutions Private Limited

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Charges & Borrowings of Qwikcilver Solutions Private Limited

Open charges
None
Satisfied charges
₹55 Cr
Breakdown by lending institutions
Axis Bank Limited₹35.00 Cr
Kotak Mahindra Bank Limited₹20.00 Cr
Latest charge details
DateLenderAmountStatus
20 May 2016Axis Bank Limited₹35 CrSatisfied
06 Nov 2015Kotak Mahindra Bank Limited₹20 CrSatisfied
22 Jan 2014Kotak Mahindra Bank Limited₹2,000Satisfied

Total charge records: 3 View all charges

Deals & Funding of Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited has 19 deals on record (8 funding rounds, 6 secondary share transfers, 4 rights issues), with disclosed funding of ₹131.11 Cr; the latest was in April 2019.

Total deals
19
Funding rounds
8
Secondary share transfers
6
Rights issues
4
Acquisition
1
Disclosed funding
₹131.11 Cr

Deals on record (5 of 19)

WhenDealAmountParties
Mar 2018Secondary share transferUndisclosedBuyer: an individual
Seller: 4 individuals
Nov 2017Rights issue₹3.54 CrInvestors: an individual
Dec 2015Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Qwikcilver Esop Trust, an individual
Jul 2015Secondary share transferUndisclosedBuyer: an individual
Seller: Qwikcilver Esop Trust
Sep 2011Secondary share transferUndisclosedBuyer: Helion Venture Partners
Seller: MFL Net Services Private Limited , 3 individuals
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited has 5 MSME Form 1 returns on record between 2010 and 2020, listing 8 overdue payments to 6 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 6)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
Agromatic Foods Private Limited••••••••••••
Cartel Infosystems Private Limited••••••••••••
Kalyx Infotech Private Limited••••••••••••
A Himanshu Jewelery Private Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Qwikcilver Solutions Private Limited

Qwikcilver Solutions operates one associated brand: QwikCilver. Each brand links to its own profile.

BrandDescriptionWebsite
QwikCilver
Gift card and store value solutions are provided to businesses.qwikcilver.com

Employees and EPFO Compliance at Qwikcilver Solutions Private Limited

Employment history and EPFO contributions of people linked to Qwikcilver Solutions.

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CIN History of Qwikcilver Solutions Private Limited

Qwikcilver Solutions has one previous CIN (Corporate Identification Number): U72200KA2006PTC040891. The current CIN is U72200DL2006PTC360078, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72200DL2006PTC360078Current
U72200KA2006PTC040891Previous

News related to Qwikcilver Solutions Private Limited

Recent Activity on Qwikcilver Solutions Private Limited

Qwikcilver Solutions Private Limited has 16 board changes on record since 2006: 3 appointments and 13 cessations. The latest: Indresh Kumar Gupta ceased to be Additional Director on 22 Sep 2022.

AGM
Qwikcilver Solutions Private Limited last Annual general meeting of members was held on 22 Sep 2022 as per latest MCA records.
Ceased
Indresh Kumar Gupta ceased to be Additional Director.
Charges
A charge registered on 20 May 2016 via Charge ID 100032397 with Axis Bank Limited was fully satisfied on 11 Jul 2022.
Filing
Qwikcilver Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Delhi.
Ceased
Nitish Kumar Asthana ceased to be Director.
Appointed
Indresh Kumar Gupta was appointed as Director.
Appointed
Ginni Singhal was appointed as Company Secretary.
Ceased
Sameer Maheshwary ceased to be Additional Director.
Ceased
Ashish Gupta ceased to be Nominee Director.
Ceased
Kanwarpal Singh Bindra ceased to be Additional Director.
Ceased
Prashanth Prakash ceased to be Director.
Charges
A charge with Axis Bank Limited of Rs. 35.00 Cr registered on 20 May 2016 with Charge ID 100032397 was modified on 03 Jan 2019.

14 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Qwikcilver Solutions Private Limited

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Subsidiaries & Group Companies of Qwikcilver Solutions Private Limited

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GST Compliance of Qwikcilver Solutions Private Limited

Qwikcilver Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAACQ1453G1ZJKarnatakaActive01 Jul 2017
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MCA Filings & Documents of Qwikcilver Solutions Private Limited

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Frequently Asked Questions about Qwikcilver Solutions Private Limited

Qwikcilver Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Qwikcilver Solutions was a private limited company based in Delhi, India. The company worked in customer loyalty and engagement solutions, within the business services industry. It was incorporated on 08 November 2006 and is registered under CIN U72200DL2006PTC360078. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Qwikcilver Solutions was incorporated on 08 November 2006. It is registered with the Registrar of Companies, Delhi.

Qwikcilver Solutions had 3 directors and KMP:

The CIN (Corporate Identification Number) of Qwikcilver Solutions is U72200DL2006PTC360078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Qwikcilver Solutions is at 207 Gupta Arcade L.S.C Plot #5 Mayur Vihar Phase – I Extension, Delhi, India – 110091.

Qwikcilver Solutions can be reached through the website qwikcilver.com. Its registered office is in Delhi, India.

Qwikcilver Solutions reported revenue of ₹322.31 Cr for FY 2022 (up 61% YoY).

Qwikcilver Solutions has an authorised share capital of ₹24.8 Cr and a paid-up capital of ₹3.02 Cr.

Qwikcilver Solutions reported a net profit of ₹62.81 Cr (net margin 19.5%) and EBITDA of ₹88.55 Cr (EBITDA margin 27.5%) for FY 2022, as per its filed financial statements.

The GSTIN of Qwikcilver Solutions is 29AAACQ1453G1ZJ, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

Qwikcilver Solutions operated in the business services industry, in the customer loyalty and engagement solutions segment.

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