MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0014007
Rednile Innovations Private Limited - transport and logistics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹13.35 Cr
▼ 64% YoY
Net loss · FY 2024
₹59.69 Lakh
Net margin -4.5%
EBITDA · FY 2024
-₹33.59 Lakh
EBITDA margin -2.5%
Authorised capital
₹4.4 Cr
Registered with MCA
Paid-up capital
₹1.55 Cr
Issued & subscribed
Open charges
₹1.5 Cr
Satisfied ₹3.04 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
38
Provident fund records
About Rednile Innovations Private Limited
Data last updated:
Rednile Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the moving and relocation services segment of the transport and logistics sector. It was incorporated on 24 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2014PTC077941. Its GSTIN is 29AAHCR1559H1Z2 (Karnataka). The company holds 9 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹4.4 Cr and a paid-up capital of ₹1.55 Cr. It is led by directors Suraj Prakash Valimbe and Deepu Chandran.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Regus Business Centre Bangalore Pvt Ltd, CBD L – 9 Raheja Towers East Wing No.26/27 Mg Road, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.35 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹59.69 Lakh (net margin -4.5%) and EBITDA of -₹33.59 Lakh (EBITDA margin -2.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Pikkol and Hackle Hub. As per MCA filings, the company has open charges of ₹1.5 Cr and satisfied charges of ₹3.04 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 2 cases are pending. The company has 11 deals on record (4 rights issues, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.34 Cr; the latest was in September 2023. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 658 overdue payments to 26 micro and small suppliers.
Rednile Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0014007). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pikkol.com.
Company details
CIN U72900KA2014PTC077941
Registration Number 077941
Incorporation Date 24 December 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0014007
Recognitions & Rankings of Rednile Innovations
Contact details
Rednile Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is pikkol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRegus Business Centre Bangalore Pvt Ltd, CBD L – 9 Raheja Towers East Wing No.26/27 Mg Road, Karnataka, India – 560001
- IndustryTransport and Logistics, Moving & Relocation Services
To see the full contact details of Rednile Innovations Private Limited, buy the company report.
Comprehensive company report
Rednile Innovations Private Limited - one report that includes everything
- 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
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Brands
Rednile Innovations operates two associated brands: Pikkol and Hackle Hub. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Relocation services are booked through an online platform. | pikkol.com | |
| Logistics freight services are provided by Hackle in India. | hacklehub.com |
Business activity
The main business activity of Rednile Innovations 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 Rednile Innovations Private Limited, buy the company report.
Financials of Rednile Innovations Private Limited
FY 2024 filings availableRednile Innovations Private Limited reported revenue of ₹13.35 Cr (down 64% YoY) for FY 2024.
Revenue · FY 2024
₹13.35 Cr ▼ 64%
Net loss · FY 2024
₹59.69 Lakh margin -4.5%
EBITDA · FY 2024
-₹33.59 Lakh margin -2.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 64%
3 years · compounded
▼ 1%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 96%
3 years · compounded
▲ 28%
5 years · compounded
▲ 33%
Revenue fell 64% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 96% 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 |
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| Total Expenses | |||||
| EBITDA | -₹33.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹59.69 Lakh | ||||
| Balance Sheet | |||||
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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 | -2.5% | ||||
| Net Profit Margin | -4.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Rednile Innovations Private Limited, buy the company report.
Board of directors of Rednile Innovations Private Limited
Rednile Innovations has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suraj Prakash Valimbe | Director | 24 Dec 2014 | 11 Years 10 Months | Current |
| Deepu Chandran Also directs: Ideonic Systems Private Limited | Director | 24 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Rednile Innovations Private Limited is audited by Jain K Shaji & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain K Shaji & Associates | FY 2023 | 012617S |
Shareholding
The shareholding of Rednile Innovations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rednile Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.5 Cr
Satisfied charges
₹3.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2021 | 100534043 | Others | ₹1.5 Cr | Open | |
| 12 Oct 2022 | 100643819 | Others | ₹1.1 Cr | Satisfied | |
| 12 Oct 2022 | 100643821 | Others | ₹89 Lakh | Satisfied | |
| 31 Dec 2021 | 100527987 | Others | ₹29.84 Lakh | Satisfied | |
| 22 May 2021 | 100453471 | Others | ₹75 Lakh | Satisfied |
To see the full charge records of Rednile Innovations Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Rednile Innovations Private Limited has 11 deals on record (4 rights issues, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.34 Cr; the latest was in September 2023.
Total deals
11
Rights issues
4
Funding rounds
4
Acquisition
1
Debt financing
1
Disclosed funding
₹18.34 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Acquisition | Undisclosed | Buyer: Hybrid Shifting Solutions India Private Limited |
| Sep 2022 | Debt financing | ₹1.99 Cr | Investors: Karnation Fund I, Rosin Realty LLP , Angel List, an individual |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2016 | Rights issue | ₹49.3 Lakh | Investors: 4 individuals Seller: 4 individuals |
| Aug 2015 | Rights issue | ₹30 Lakh | Investors: 3 individuals |
To see the full deal history of Rednile Innovations 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
Rednile Innovations Private Limited has 6 court cases on record: 6 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed against the company
6
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Mogli Labs (India) Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Mitcon Credentia Trusteeship Services Limited Through Jatin Bhat | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by Mogli Labs India Pvt Ltd. | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Euro Logistic India P Ltd | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Kesarisutha Enterprises | Disposed |
To see the full case history of Rednile Innovations 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
Rednile Innovations Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 658 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cogos Technologies Private Limited | |||
| an individual supplier | |||
| City Link Portal Private Limited | |||
| an individual supplier | |||
| R&S Inc. |
To see the full MSME payment records of Rednile Innovations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rednile Innovations Private Limited has a workforce of 38 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
-55.81%
GST
Rednile Innovations has 9 GST registrations: 6 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
6
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCR1559H1Z2 | Karnataka | Active | 01 Jul 2017 |
| 29AAHCR1559H2Z1 | Karnataka | Active | 29 Jul 2017 |
| 29AAHCR1559H3Z0 | Karnataka | Active | 14 Jun 2022 |
| 27AAHCR1559H1Z6 | Maharashtra | Active | 03 May 2018 |
To see the full GST registrations and return filing status of Rednile Innovations Private Limited, buy the company report.
Recent activity
Rednile Innovations Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Ajay Nanavati Vipin ceased to be Additional Director on 24 Apr 2019.
Charges
A charge registered on 31 Dec 2021 via Charge ID 100527987 with Others was fully satisfied on 24 Jan 2025.
Charges
A charge registered on 12 Oct 2022 via Charge ID 100643819 with Others was fully satisfied on 09 Jan 2025.
Charges
A charge registered on 12 Oct 2022 via Charge ID 100643821 with Others was fully satisfied on 09 Jan 2025.
AGM
Rednile Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rednile Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 22 May 2021 via Charge ID 100453471 with Others was fully satisfied on 19 Dec 2022.
Charges
A charge with Others amounted to Rs. 1.10 Cr with Charge ID 100643819 was registered on 12 Oct 2022.
Charges
A charge with Others amounted to Rs. 0.89 Cr with Charge ID 100643821 was registered on 12 Oct 2022.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100527987 was registered on 31 Dec 2021.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 100534043 was registered on 30 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100453471 was registered on 22 May 2021.
Ceased
Ajay Nanavati Vipin ceased to be Additional Director.
4 earlier events are in the company report.
News
Frequently asked questions
Rednile Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in moving and relocation services, within the transport and logistics industry. It was incorporated on 24 December 2014 (12+ years old) and is registered under CIN U72900KA2014PTC077941.
Rednile Innovations has 2 current directors:
- Suraj Prakash Valimbe - Director
- Deepu Chandran - Director
The latest financial statements of Rednile Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Rednile Innovations is 29AAHCR1559H1Z2, registered in Karnataka. The company has 9 GST registrations in all, of which 6 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAHCR1559H2Z1 (Karnataka), 29AAHCR1559H3Z0 (Karnataka), 27AAHCR1559H1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Rednile Innovations is U72900KA2014PTC077941. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rednile Innovations has 6 court cases on record: 6 filed against it. 2 are pending.
Rednile Innovations was incorporated on 24 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Rednile Innovations has 11 deals on record (4 rights issues, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.34 Cr; the latest was in September 2023.
Ajay Nanavati Vipin ceased to be Additional Director on 24 Apr 2019. Rajkumar Rathi ceased to be Director on 15 Nov 2018. Deepu Chandran was appointed as Director on 24 Dec 2014. Rednile Innovations has 4 board changes on record in total.
Yes, Rednile Innovations is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0014007).
Rednile Innovations has 11 MSME Form 1 returns on record between 2019 and 2023, listing 658 overdue payments to 26 micro and small suppliers. The latest return was filed on 29 Aug 2023.