India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,374 Abhishek Bansal ₹1,600 Cr
- #1,608 Vaibhav Khandelwal ₹1,200 Cr
Revenue · FY 2026
₹4,238.59 Cr
▲ 69% YoY
Net profit · FY 2026
₹111.71 Cr
Net margin 2.6%
EBITDA · FY 2026
₹220.82 Cr
EBITDA margin 5.2%
Authorised capital
₹900 Cr
Registered with MCA
Paid-up capital
₹412.27 Cr
Issued & subscribed
Open charges
₹75 Cr
Satisfied ₹165.5 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
3,055
Provident fund records
About Shadowfax Technologies Limited
Data last updated:
Shadowfax Technologies Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 21 April 2015 and has been in existence for over 11 years.
Its director Abhishek Bansal is #1,374 among India's richest people (2026). Its director Vaibhav Khandelwal is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L72300KA2015PLC150324. Its GSTIN is 29AAVCS6697K1ZZ (Karnataka). The company holds 31 GST registrations, of which 29 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544685 and NSE: SHADOWFAX.
The company has an authorised share capital of ₹900 Cr and a paid-up capital of ₹412.27 Cr. It is led by directors including Vaibhav Khandelwal (Whole-Time Director) and Gaurav Jaithlia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 3rd Floor Shilpitha Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹4,238.59 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹111.71 Cr (net margin 2.6%) and EBITDA of ₹220.82 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years.
The company has about 3,055 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shadowfax and Shadowfax Traders. As per MCA filings, the company has open charges of ₹75 Cr and satisfied charges of ₹165.5 Cr on record. Court records list 75 cases involving the company, including 58 filed by the company and 17 filed against it; 28 cases are pending. The company has 40 deals on record (17 secondary share transfers, 11 funding rounds, 5 market trades), with disclosed funding of ₹1,216.52 Cr; the latest was in October 2026. Its 7 peer companies in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 4 larger and 3 smaller; the largest is Fedex Express Transportation and Supply Chain Services (India) Private Limited with revenue of ₹4,664.6 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 shadowfax.in.
Company details
CIN L72300KA2015PLC150324
Registration Number 150324
Incorporation Date 21 April 2015
ROC Bangalore
Listing Status Listed - Listed on NSE (SHADOWFAX); Listed on BSE (544685)
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Shadowfax Technologies has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72300KA2015PLC150324, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72300KA2015PLC150324 | Current |
| U72300KA2015PTC150324 | Previous |
| U72300DL2015PTC279342 | Previous |
| U72300KA2015PLC150324 | Previous |
Key People
Abhishek Bansal Ceo Vaibhav Khandelwal Whole-Time Director Gaurav Jaithlia Whole-Time Director Recognitions & Rankings of Shadowfax Technologies
Contact details
Shadowfax Technologies Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Apps
- Registered Address3rd Floor Shilpitha Tech Park Sy No. 55/3 & 55/4, Outer Ring Road Devarabisanahalli Village Bellandur Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryTransport and Logistics, Express Logistics
Comprehensive company report
Shadowfax Technologies 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
Shadowfax Technologies operates two associated brands: Shadowfax and Shadowfax Traders. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Express delivery logistics solutions are provided for businesses and individuals. | shadowfax.in | |
| High frequency trading services provider | shadowfaxtraders.com |
Financials of Shadowfax Technologies Limited
FY 2026 filings availableShadowfax Technologies Limited reported revenue of ₹4,238.59 Cr (up 69% YoY) for FY 2026.
Revenue · FY 2026
₹4,238.59 Cr ▲ 69%
Net profit · FY 2026
₹111.71 Cr margin 2.6%
EBITDA · FY 2026
₹220.82 Cr margin 5.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▲ 250%
Revenue has grown at a compounded annual rate (CAGR) of 44% over three years, including 69% growth in the latest year. EBITDA rose 250% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4,238.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹220.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹111.71 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | 2.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Shadowfax Technologies Limited, buy the company report.
Board of directors and KMP of Shadowfax Technologies Limited
Shadowfax Technologies Limited currently reports 7 directors and 2 key managerial personnel. 15 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Bansal Also directs: Criticalog India Private Limited | Ceo | 21 Apr 2025 | 1 Years 6 Months | Current |
| Vaibhav Khandelwal | Whole-Time Director | 21 Apr 2015 | 11 Years 6 Months | Current |
| Ruchira Shukla Also directs: Synapses Business Services LLP, RSKC Partners LLP, Summer Solstice Business Services LLP and 4 more | Director | 21 Jan 2025 | 1 Years 9 Months | Current |
| Kollurjairam Praveen Kumar Naidu | Cfo | 21 Apr 2025 | 1 Years 6 Months | Current |
| Gaurav Jaithlia Also directs: Criticalog India Private Limited, Pataakha Foods Private Limited | Whole-Time Director | 23 Jun 2025 | 1 Years 4 Months | Current |
| Pirojshaw Aspi Sarkari Also directs: Ek Ka Josh Foundation | Director | 21 Jan 2025 | 1 Years 9 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Peer comparison
Shadowfax Technologies Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fedex Express Transportation and Supply Chain Services (India) Private Limited | ₹4,664.6 Cr (FY 2025) | 48.0% | Mumbai, Maharashtra, India | |||
| Shadowfax Technologies Limitedthis company | ₹4,238.59 Cr (FY 2026) | ₹111.71 Cr | 2.6% | 69.0% | Bangalore, Karnataka, India | |
| Busybees Logistics Solutions Private Limited | ₹2,960.86 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| DTDC Express Limited | ₹2,471.65 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Ecom Express Limited | ₹2,407.75 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Ups Express Private Limited | ₹1,813.79 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Geodis India Private Limited | ₹1,061.69 Cr (FY 2025) | 31.0% | Gurgaon, Haryana, India | |||
| Shree Maruti Integrated Logistics Limited | ₹833.92 Cr (FY 2025) | 22.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Shadowfax Technologies Limited, buy the company report.
Charges & borrowings
Open charges
₹75 Cr
Satisfied charges
₹165.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2021 | 100525870 | Others | ₹50 Cr | Satisfied | |
| 22 Dec 2021 | 100548936 | Others | ₹75 Cr | Satisfied | |
| 22 Jan 2021 | 100408433 | Others | ₹20 Cr | Satisfied | |
| 27 Jun 2018 | 100192769 | Others | ₹8 Cr | Satisfied | |
| 20 Mar 2017 | 100087964 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Shadowfax Technologies Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shadowfax Technologies Limited has 40 deals on record (17 secondary share transfers, 11 funding rounds, 5 market trades), with disclosed funding of ₹1,216.52 Cr; the latest was in October 2026.
Total deals
40
Secondary share transfers
17
Funding rounds
11
Market trades
5
Debt financings
3
Disclosed funding
₹1,216.52 Cr
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2026 | Secondary share transfer | Undisclosed | Seller: TPG NewQuest (Newquest Capital Partners) |
| Sep 2026 | Secondary share transfer | Undisclosed | Buyer: OXBOW MASTER FUND LIMITED Seller: TPG NewQuest (Newquest Capital Partners) |
| Jul 2026 | Market trade | ₹159.15 Cr | Buyer: Irage Broking Services LLP , Junomoneta Finsol Private Limited Seller: Irage Broking Services LLP , Junomoneta Finsol Private Limited |
| Jan 2026 | IPO | ₹1,907.27 Cr | Investors: Icici Prudential Life Insurance Company Limited , Societe Generale, Kotak Mahindra Life Insurance Company Limited Seller: Flipkart Internet Private Limited , Eight Roads Ventures, International Finance Corporation |
| Dec 2019 | Funding round · Series D | ₹374.87 Cr | Investors: Flipkart Internet Private Limited , Nokia Growth Partners, International Finance Corporation |
To see the full deal history of Shadowfax Technologies 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
Shadowfax Technologies Limited has 75 court cases on record: 58 filed by Shadowfax Technologies, 17 filed against it. 28 cases are pending and 47 are disposed.
Total cases
75
Filed by the company
58
Filed against the company
17
Pending
28
Disposed
47
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 15 | 24 |
| High courts | 24 | 2 | 4 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Nexar Logistic Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Bounce Electric 1 Private Limited | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against MJVS Fashion Services Private Limited and Others | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed by the company against India Orbit Marketing Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Tech 7 Phyll Private Limited | Pending |
To see the full case history of Shadowfax Technologies 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 Shadowfax Technologies Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shadowfax Technologies has 31 GST registrations: 29 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
31
Active
29
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAVCS6697K1ZZ | Karnataka | Active | 01 Jul 2017 |
| 29AAVCS6697K2ZY | Karnataka | Active | 19 Jul 2017 |
| 29AAVCS6697K3ZX | Karnataka | Active | 23 Jul 2020 |
| 06AAVCS6697K1Z7 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shadowfax Technologies Limited, buy the company report.
Recent activity
Shadowfax Technologies Limited has 24 board changes on record since 2015: 9 appointments and 15 cessations. The latest: Bijou Kurien ceased to be Additional Director on 23 Jun 2025.
Filing
Shadowfax Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Charges
A charge registered on 22 Dec 2021 via Charge ID 100548936 with Others was fully satisfied on 20 Aug 2025.
Ceased
Bijou Kurien ceased to be Additional Director.
Appointed
Dinkar Gupta was appointed as Director.
Ceased
Dinkar Gupta ceased to be Additional Director.
Appointed
Gaurav Jaithlia was appointed as Whole-Time Director.
Ceased
Gaurav Jaithlia ceased to be Additional Director.
Ceased
Pirojshaw Aspi Sarkari ceased to be Additional Director.
Appointed
Praharsh Chandra was appointed as Whole-Time Director.
Ceased
Praharsh Chandra ceased to be Additional Director.
Ceased
Ruchira Shukla ceased to be Additional Director.
Appointed
Abhishek Bansal was appointed as CEO.
29 earlier events are in the company report.
News
Shadowfax Tech: Management Sets Long-Term Revenue Growth Goal Of 27% To 30%; Value-Added Services Expected To Contribute Around 35% To 40% Of Revenue In Next Three To Five Years.
Shadowfax Tech: Aims for Long-Term Growth with Express Parcel Expected to Rise by 27%-28% Annually and Quick Commerce Anticipated to Grow Over 30% While Staying on Top.
SHADOWFAX: Q2 CONS NET PROFIT 679M RUPEES VS 130M (YOY)
SHADOWFAX: Q2 EBITDA 1B RUPEES VS 390M (YOY); Q2 EBITDA MARGIN 6.75% VS 3.97% (YOY)
SHADOWFAX: Q2 REVENUE 15.4B RUPEES VS 9.8B (YOY)
Frequently asked questions
Shadowfax Technologies is an active public limited company based in Bangalore, Karnataka, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 21 April 2015 (11+ years old) and is registered under CIN L72300KA2015PLC150324. Listed on BSE: 544685 and NSE: SHADOWFAX.
Shadowfax Technologies has 9 current directors and KMP:
- Vaibhav Khandelwal - Whole-Time Director
- Gaurav Jaithlia - Whole-Time Director
- Praharsh Chandra - Whole-Time Director
- Ruchira Shukla - Director
- Pirojshaw Aspi Sarkari - Director
- Bijou Kurien - Director
- Dinkar Gupta - Director
- Abhishek Bansal - Ceo
- Kollurjairam Praveen Kumar Naidu - Cfo
The latest financial statements of Shadowfax Technologies on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Shadowfax Technologies is 29AAVCS6697K1ZZ, registered in Karnataka. The company has 31 GST registrations in all, of which 29 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAVCS6697K2ZY (Karnataka), 29AAVCS6697K3ZX (Karnataka), 06AAVCS6697K1Z7 (Haryana).
The CIN (Corporate Identification Number) of Shadowfax Technologies is L72300KA2015PLC150324. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Shadowfax Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 544685) and NSE (symbol: SHADOWFAX).
Shadowfax Technologies has 75 court cases on record: 58 filed by the company and 17 filed against it. 28 are pending. Most are in the district courts.
Shadowfax Technologies was incorporated on 21 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Shadowfax Technologies has 40 deals on record (17 secondary share transfers, 11 funding rounds, 5 market trades), with disclosed funding of ₹1,216.52 Cr; the latest was in October 2026.
The peers of Shadowfax Technologies by revenue are Fedex Express Transportation and Supply Chain Services (India) Private Limited, Busybees Logistics Solutions Private Limited, DTDC Express Limited, Ecom Express Limited, Ups Express Private Limited and 2 more, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Bijou Kurien ceased to be Additional Director on 23 Jun 2025. Dinkar Gupta was appointed as Director on 23 Jun 2025. Dinkar Gupta ceased to be Additional Director on 23 Jun 2025. Shadowfax Technologies has 24 board changes on record in total.
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