MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-KL-02-0001219
Shipnext Solutions Private Limited - internet in Kochi, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹5.12 Cr
▼ 24% YoY
Net loss · FY 2023
₹2.19 Cr
Net margin -42.9%
EBITDA · FY 2023
-₹1.2 Cr
EBITDA margin -23.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.49 Cr
Issued & subscribed
Open charges
₹1.1 Cr
Satisfied ₹1 Cr
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
About Shipnext Solutions Private Limited
Data last updated:
Shipnext Solutions Private Limited is a private limited company based in Kochi, Kerala, India, a subsidiary of Eastern Treads Limited. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 16 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72900KL2015PTC039195. Its GSTIN is 32AAWCS2988L1ZF (Kerala). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.49 Cr. It is led by directors Clive Jose (Whole-Time Director) and Nijitha Jaison.
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 2A/1 2nd Floor Eastern Corporate Office NH Bypass Edappally, Kochi, Kerala, India – 682024.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.12 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹2.19 Cr (net margin -42.9%) and EBITDA of -₹1.2 Cr (EBITDA margin -23.5%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 162% over five years.
The company is associated with 2 brands: ShipNext and WeTruck. As per MCA filings, the company has open charges of ₹1.1 Cr and satisfied charges of ₹1 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2021.
Shipnext Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0001219). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shipnext.in.
Company details
CIN U72900KL2015PTC039195
Registration Number 039195
Incorporation Date 16 September 2015
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Eastern Treads Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-02-0001219
Recognitions & Rankings of Shipnext Solutions
Contact details
Shipnext Solutions Private Limited's registered office is in Kochi, Kerala. Its website is shipnext.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2A/1 2nd Floor Eastern Corporate Office NH Bypass Edappally, Kochi, Kerala, India – 682024
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Shipnext Solutions Private Limited, buy the company report.
Comprehensive company report
Shipnext Solutions 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
Shipnext Solutions operates two associated brands: ShipNext and WeTruck. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transportation, cargo services, and online freight management platform. | shipnext.in | |
| Truck transportation services are provided from Kochi, India. | wetruck.com |
Business activity
The main business activity of Shipnext Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Shipnext Solutions Private Limited, buy the company report.
Financials of Shipnext Solutions Private Limited
FY 2024 filings availableShipnext Solutions Private Limited reported revenue of ₹5.12 Cr (down 24% YoY) for FY 2023.
Revenue · FY 2023
₹5.12 Cr ▼ 24%
Net loss · FY 2023
₹2.19 Cr margin -42.9%
EBITDA · FY 2023
-₹1.2 Cr margin -23.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 80%
5 years · compounded
▲ 162%
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 162%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹5.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.19 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -23.5% | ||||
| Net Profit Margin | -42.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Shipnext Solutions Private Limited, buy the company report.
Board of directors of Shipnext Solutions Private Limited
Shipnext Solutions has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Clive Jose | Whole-Time Director | 16 Sep 2015 | 11 Years 1 Months | Current |
| Nijitha Jaison | Director | 15 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Shipnext Solutions Private Limited is audited by Arun Archana & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Arun Archana & Associates | FY 2023 | 013522S |
Shareholding
The shareholding of Shipnext Solutions 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shipnext Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.1 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2020 | 100356943 | Others | ₹10 Lakh | Open | |
| 30 Jun 2020 | 100351676 | Others | ₹1 Cr | Open | |
| 23 Mar 2021 | 100437084 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Shipnext Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Shipnext Solutions Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2021.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹1.1 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round | ₹1.1 Cr | Investors: Nash Meeran LLP , Caif Meeran LLP |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: Eastern Treads Limited , 3 individuals Seller: 2 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Finlead International Services Private Limited , 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shipnext Solutions Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
To see the full case history of Shipnext Solutions 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 Shipnext Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shipnext Solutions has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAWCS2988L1ZF | Kerala | Active | 06 Jun 2019 |
| 32AAWCS2988L1CQ | Kerala | Active | 25 Nov 2021 |
| 33AAWCS2988L1CO | Tamil Nadu | Active | 23 Sep 2022 |
To see the full GST registrations and return filing status of Shipnext Solutions Private Limited, buy the company report.
Recent activity
Shipnext Solutions Private Limited has 12 board changes on record since 2015: 2 appointments and 10 cessations. The latest: Nijitha Jaison was appointed as Director on 15 Feb 2023.
AGM
Shipnext Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Shipnext Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge registered on 23 Mar 2021 via Charge ID 100437084 with Others was fully satisfied on 09 May 2023.
Appointed
Nijitha Jaison was appointed as Director.
Ceased
Ayisha Tanya Iqbal ceased to be Additional Director.
Ceased
Shereen Navaz ceased to be Additional Director.
Ceased
Zubin Nazeel Navas ceased to be Additional Director.
Ceased
Mohammedsherifshah ceased to be Nominee Director.
Ceased
Clive Jose ceased to be Director.
Ceased
Ajit Thundiyil Joseph ceased to be Nominee Director.
Ceased
Baiju Thankayathil ceased to be Nominee Director.
Ceased
Athul Mathew Benjamin ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Shipnext Solutions is an active private limited company based in Kochi, Kerala, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 16 September 2015 (11+ years old) and is registered under CIN U72900KL2015PTC039195.
Shipnext Solutions has 2 current directors:
- Clive Jose - Whole-Time Director
- Nijitha Jaison - Director
The latest financial statements of Shipnext Solutions 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 FY 2016 are in the company report.
The GSTIN of Shipnext Solutions is 32AAWCS2988L1ZF, registered in Kerala. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 32AAWCS2988L1CQ (Kerala), 33AAWCS2988L1CO (Tamil Nadu).
The CIN (Corporate Identification Number) of Shipnext Solutions is U72900KL2015PTC039195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shipnext Solutions has 2 court cases on record: 2 filed against it. 2 are pending.
Shipnext Solutions was incorporated on 16 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ernakulam.
Shipnext Solutions has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in November 2021.
Nijitha Jaison was appointed as Director on 15 Feb 2023. Ayisha Tanya Iqbal ceased to be Additional Director on 23 Sep 2022. Shereen Navaz ceased to be Additional Director on 23 Sep 2022. Shipnext Solutions has 12 board changes on record in total.
Yes, Shipnext Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KL-02-0001219).
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