About Radar Ventures Private Limited
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Radar Ventures Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the 3pl (third party logistics) services segment of the transport and logistics sector. It was incorporated on 03 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U63030TN2020PTC133596. Its GSTIN is 33AACCW5805A1ZU (Tamil Nadu). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹10.05 Cr and a paid-up capital of ₹12.7 Lakh. It was formerly known as Wiz Logtec Solutions Private Limited. It is led by directors Ramkumar Govindarajan and Ramkumar Ramachandran.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹296.1 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹87.97 Cr (net margin -29.7%) and EBITDA of -₹70.26 Cr (EBITDA margin -23.7%). Revenue has grown at a compounded annual rate (CAGR) of 261% over three years.
The company has about 390 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries.
The company is associated with 3 brands: Magikcargo, Elyxr AI and Wiz. As per MCA filings, the company has open charges of ₹480.33 Cr and satisfied charges of ₹13 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 4 cases are pending. The company has 23 deals on record (10 funding rounds, 6 debt financings, 5 convertible or debt financings), with disclosed funding of ₹447.5 Cr; the latest was in June 2024. Its 3 peer companies in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation) are compared by revenue, 1 larger and 2 smaller; the largest is Karam Chand Thapar & Bros (Coal Sales ) Ltd with revenue of ₹849.92 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wizfreight.com.
Company details
Contact details
Radar Ventures Private Limited's registered office is in Chennai, Tamil Nadu. Its website is wizfreight.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.56/57, Rajaji Salai, Chennai, Tamil Nadu, India – 600001
- IndustryTransport and Logistics, 3PL (Third Party Logistics) Services
To see the full contact details of Radar Ventures 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
Brands
Radar Ventures operates multiple associated brands including Magikcargo, Elyxr AI, and Wiz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides AI tools for freight management, tracking, and supply chain automation. | elyxr.ai | |
| AI-enabled freight forwarding solutions are provided for global shipping. | wizfreight.com | |
| Provides logistics services including LCL consolidation, FCL, airfreight, and warehousing solutions. | magikcargo.com |
Business activity
The main business activity of Radar Ventures is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Radar Ventures Private Limited, buy the company report.
Financials of Radar Ventures Private Limited
FY 2024 filings availableRadar Ventures Private Limited reported revenue of ₹296.1 Cr (down 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 261%. EBITDA fell 182% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹296.1 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹70.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹87.97 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.7% | ||||
| Net Profit Margin | -29.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Radar Ventures Private Limited, buy the company report.
Board of directors of Radar Ventures Private Limited
Radar Ventures has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramkumar Govindarajan Also directs: Unikon Shipping Ventures LLP, Wiz Logtec India Private Limited, Wiz Tracks Private Limited and 5 more | Director | 03 Jan 2020 | 6 Years 9 Months | Current |
| Ramkumar Ramachandran Also directs: Unikon Shipping Ventures LLP, Wiz Logtec India Private Limited, Wiz Tracks Private Limited and 5 more | Director | 03 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Radar Ventures Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karam Chand Thapar & Bros (Coal Sales ) Ltd | ₹849.92 Cr (FY 2025) | 26.0% | Kolkata, West Bengal, India | |||
| C.H. Robinson Worldwide Freight India Private Limited | ₹848.23 Cr (FY 2025) | 36.0% | Chennai, Tamil Nadu, India | |||
| Kintetsu World Express (India) Private Limited | ₹820.57 Cr (FY 2022) | 20.0% | Bangalore, Karnataka, India | |||
| Radar Ventures Private Limitedthis company | ₹296.1 Cr (FY 2024) | -₹87.97 Cr | -29.7% | -33.0% | 390 | Chennai, Tamil Nadu, India |
To see the full peer comparison of Radar Ventures Private Limited, buy the company report.
Auditor
Radar Ventures Private Limited is audited by Guru & Ram LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Guru & Ram LLP | FY 2024 | 009723S |
Shareholding
The shareholding of Radar Ventures Private Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Radar Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2025 | 101083303 | Hdfc Bank Limited | ₹95 Cr | Open | |
| 11 Mar 2025 | 101075862 | The Hongkong and Shanghai Banking Corporation Limited | ₹4 Cr | Open | |
| 19 Feb 2025 | 101103184 | Others | ₹7.5 Cr | Open | |
| 18 Jul 2024 | 101011589 | Others | ₹2.5 Cr | Open | |
| 28 Mar 2024 | 100921471 | Others | ₹10 Cr | Open |
To see the full charge records of Radar Ventures Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Radar Ventures Private Limited has 23 deals on record (10 funding rounds, 6 debt financings, 5 convertible or debt financings), with disclosed funding of ₹447.5 Cr; the latest was in June 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Debt financing | ₹2.5 Cr | Investors: Karnation Fund I |
| Feb 2024 | Rights issue | ₹3.99 Cr | Investors: Foundamental |
| Jan 2024 | Funding round · Series B | ₹81.98 Cr | Investors: SBI Investment, Tiger Global, NX Global Innovation Fund |
| Dec 2023 | Debt financing | ₹10 Cr | Investors: Karnation Fund I |
| Nov 2022 | Funding round · Pre-Series B | ₹52.83 Cr | Investors: M+R Qomo Holdings AG, Stride Ventures, 2 individuals |
To see the full deal history of Radar Ventures 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
Radar Ventures Private Limited has 4 court cases on record: 2 filed by Radar Ventures, 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Avignon Shipping Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss Case SW) | Filed by the company against individuals | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SS) | Filed by the company against individuals | Pending |
To see the full case history of Radar Ventures 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
No delayed payments to MSME suppliers are on our record for Radar Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Radar Ventures has 10 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Wiz Logtec India Private Limited (Formerly, M+R Logistics (India) Private Limited) | U61100TN2001PTC046793 | |
| Wiz Tracks Private Limited | U63030TN2020PTC136455 | |
| Unikon Shipping Line Private Limited | U63030TN2022PTC151819 | |
| Wiz Bulk India Private Limited | U63030TN2022PTC151908 | |
| Atz Shipping Trade and Transport Private Limited | U63090MH2002PTC137909 | |
| Magik Cargo India Private Limited (Formerly Synergy Cargo Management Private Limited) | U63090TN2004PTC052885 |
To see the full group structure of Radar Ventures Private Limited, buy the company report.
Employees & EPFO
Radar Ventures Private Limited has a workforce of 390 employees on its EPFO records as of Oct 11, 2025, across 1 active EPFO establishment.
GST
Radar Ventures has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCW5805A1ZU | Tamil Nadu | Active | 09 Mar 2020 |
| 06AACCW5805A1ZR | Haryana | Active | 10 Feb 2022 |
| 07AACCW5805A1ZP | Delhi | Active | 18 Feb 2022 |
| 36AACCW5805A1ZO | Telangana | Active | 23 Apr 2022 |
To see the full GST registrations and return filing status of Radar Ventures Private Limited, buy the company report.
Recent activity
Radar Ventures Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Nandan Venkatachalam ceased to be Director on 19 Aug 2025.
22 earlier events are in the company report.
News
Frequently asked questions
Radar Ventures is an active private limited company based in Chennai, Tamil Nadu, India. The company works in 3pl (third party logistics) services, within the transport and logistics industry. It was incorporated on 03 January 2020 (6+ years old) and is registered under CIN U63030TN2020PTC133596.
Radar Ventures has 2 current directors:
- Ramkumar Govindarajan - Director
- Ramkumar Ramachandran - Director
The latest financial statements of Radar Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Radar Ventures is 33AACCW5805A1ZU, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 06AACCW5805A1ZR (Haryana), 07AACCW5805A1ZP (Delhi), 36AACCW5805A1ZO (Telangana).
The CIN (Corporate Identification Number) of Radar Ventures is U63030TN2020PTC133596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radar Ventures has 4 court cases on record: 2 filed by the company and 2 filed against it. 4 are pending.
Radar Ventures was incorporated on 03 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
Radar Ventures has 23 deals on record (10 funding rounds, 6 debt financings, 5 convertible or debt financings), with disclosed funding of ₹447.5 Cr; the latest was in June 2024.
The peers of Radar Ventures by revenue are Karam Chand Thapar & Bros (Coal Sales ) Ltd, C.H. Robinson Worldwide Freight India Private Limited, Kintetsu World Express (India) Private Limited, all in the Transport and Logistics industry (Diversified Logistics), with the same principal business activity (services incidental to land, water & air transportation).
Nandan Venkatachalam ceased to be Director on 19 Aug 2025. Nandan Venkatachalam was appointed as Director on 22 Jun 2022. Ramkumar Govindarajan was appointed as Director on 03 Jan 2020. Radar Ventures has 4 board changes on record in total.
Radar Ventures can be reached through the website wizfreight.com. Its registered office is in Chennai, Tamil Nadu, India.