About Refrens Internet Private Limited
Data last updated:
Refrens Internet Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 25 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC126530. Its GSTIN is 29AAJCR7259L1ZI (Karnataka).
The company has an authorised share capital of ₹10.4 Lakh and a paid-up capital of ₹1.51 Lakh. It is led by directors Mohit Jain and Naman Kailashprasad Sarawagi.
Its last annual general meeting (AGM) was held on 30 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 2024, the company reported a revenue of ₹2.27 Cr, a growth of 112% compared to the previous year. For the same year it recorded a net loss of ₹2.71 Cr (net margin -119.6%) and EBITDA of -₹2.68 Cr (EBITDA margin -118.2%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years.
The company has about 19 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Refrens. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.51 Cr; the latest was in March 2022. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Shandeal India Private Limited.
For more details, the company can be reached via its website refrens.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1D – 606 Sesna Divyasree Elan Homes Beside Fire Station Sarjapur Road Kaiko, Ndrahalli, Bangalore, Karnataka, India – 560035
- IndustryInternet, Online Service Marketplaces
- 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 Refrens Internet Private Limited
The main business activity of Refrens Internet is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Refrens Internet Private Limited FY 2025 filings available
Refrens Internet Private Limited reported revenue of ₹2.27 Cr (up 112% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Refrens Internet Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 89% over three years, including 112% growth in the latest year. EBITDA fell 31% 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 Refrens Internet Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.68 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.71 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Refrens Internet Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -118.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -119.6% | •••• | •••• | •••• | •••• |
| 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 Refrens Internet are in the company report.
Financial statements from FY 2020
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 Refrens Internet Private Limited
Refrens Internet Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shandeal India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Bitrix24 India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Bookingjini Labs Private Limited | •••• | •••• | •••• | •••• | 28 | Bhubaneswar, Orissa, India |
| Legalwiz.In Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Pg4me Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Refrens Internet Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Petrosil Investments and Oil Company Limited | •••• | •••• | •••• | •••• | - | Malad West, Maharashtra, India |
| Commix Media Technologies Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Logistixian Technologies Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Pulpit Mobility Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Movetime Technologies Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Refrens Internet by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Refrens Internet Private Limited
Refrens Internet Private Limited is audited by Korlimarla & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Korlimarla & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Refrens Internet Private Limited
Refrens Internet has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Jain | Director | 25 Jul 2019 | 7 Years 2 Months | Current |
| Naman Kailashprasad Sarawagi | Director | 25 Jul 2019 | 7 Years 2 Months | Current |
Ownership and Shareholding of Refrens Internet Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Refrens Internet Private Limited
Refrens Internet Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Refrens Internet Private Limited
Refrens Internet Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.51 Cr; the latest was in March 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round · Seed | ₹6.21 Cr | Investors: ITI Growth Opportunities Fund, LV Angel Fund, 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2019 | Funding round | ₹2.3 Cr | Investors: Angel List, Upsparks, 2 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Refrens Internet Private Limited
Refrens Internet operates one associated brand: Refrens. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based platform is provided to streamline business processes. | refrens.com |
Employees and EPFO Compliance at Refrens Internet Private Limited
Refrens Internet Private Limited has a workforce of 19 employees as of Apr 05, 2024.
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.
Recent Activity on Refrens Internet Private Limited
Refrens Internet Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mohit Jain was appointed as Director on 25 Jul 2019.
Credit Ratings, Litigation & Regulatory Alerts for Refrens Internet 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.
MSME Payment Delays by Refrens Internet Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Refrens Internet 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 Refrens Internet Private Limited
Refrens Internet has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCR7259L1ZI | Karnataka | Active | 14 Aug 2019 |
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 Refrens Internet 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 Refrens Internet Private Limited
Refrens Internet is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 25 July 2019 (7+ years old) and is registered under CIN U72900KA2019PTC126530.
Refrens Internet reported revenue of ₹2.27 Cr for FY 2024 (up 112% YoY).
Refrens Internet has 2 current directors:
- Mohit Jain - Director
- Naman Kailashprasad Sarawagi - Director
Refrens Internet reported a net loss of ₹2.71 Cr (net margin -119.6%) and EBITDA of -₹2.68 Cr (EBITDA margin -118.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Refrens Internet is 89% over three years. In the latest year (FY 2024) revenue rose 112%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Refrens Internet is 29AAJCR7259L1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Refrens Internet is U72900KA2019PTC126530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refrens Internet was incorporated on 25 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Refrens Internet has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.51 Cr; the latest was in March 2022.
The peers of Refrens Internet by revenue are Shandeal India Private Limited, Bitrix24 India Private Limited, Bookingjini Labs Private Limited, Legalwiz.In Private Limited, Pg4me Services Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Mohit Jain was appointed as Director on 25 Jul 2019. Naman Kailashprasad Sarawagi was appointed as Director on 25 Jul 2019.