DPIIT recognised startup Government of India
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Siply Services Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.99 Cr
▼ 55% YoY
Net loss · FY 2024
₹21.6 Cr
Net margin -127.2%
EBITDA · FY 2024
-₹9.1 Cr
EBITDA margin -53.6%
Authorised capital
₹4.78 Cr
Registered with MCA
Paid-up capital
₹3.86 Cr
Issued & subscribed
Open charges
₹70.07 Cr
Satisfied ₹34.6 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
16
Provident fund records
About Siply Services Private Limited
Data last updated:
Siply Services Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 18 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC136118. Its GSTIN is 29ABDCS9880P1Z6 (Karnataka).
The company has an authorised share capital of ₹4.78 Cr and a paid-up capital of ₹3.86 Cr. It is led by directors including Huzaif Pasha and Sousthav Chakrabarty.
Its last annual general meeting (AGM) was held on 14 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.99 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹21.6 Cr (net margin -127.2%) and EBITDA of -₹9.1 Cr (EBITDA margin -53.6%). Revenue has grown at a compounded annual rate (CAGR) of 379% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Siply. As per MCA filings, the company has open charges of ₹70.07 Cr and satisfied charges of ₹34.6 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 10 deals on record (5 convertible or debt financings, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹200.23 Cr; the latest was in June 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siply.in.
Company details
CIN U74999KA2020PTC136118
Registration Number 136118
Incorporation Date 18 July 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Jatin Dattatraya Bhat Nominee Director Huzaif Pasha Director Sousthav Chakrabarty Director Recognitions & Rankings of Siply Services
Contact details
Siply Services Private Limited's registered office is in Bangalore, Karnataka. Its website is siply.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVaishnavi Signature 78/9 Outer Ring Road, Bellandur Village Varthur Hobli, Bangalore, Karnataka, India – 560103
- IndustryInternet, Online Financial Services
To see the full contact details of Siply Services Private Limited, buy the company report.
Comprehensive company report
Siply Services 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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Business activity
The main business activity of Siply Services is financial and insurance service. In detail, this covers banking activities by central, commercial and saving banks.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K1 | Banking activities by Central, Commercial and Saving banks |
To see the full business activity and turnover split of Siply Services Private Limited, buy the company report.
Financials of Siply Services Private Limited
FY 2024 filings availableSiply Services Private Limited reported revenue of ₹16.99 Cr (down 55% YoY) for FY 2024.
Revenue · FY 2024
₹16.99 Cr ▼ 55%
Net loss · FY 2024
₹21.6 Cr margin -127.2%
EBITDA · FY 2024
-₹9.1 Cr margin -53.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 379%
EBITDA CAGR growth
1 year
▲ 62%
3 years · compounded
▼ 23%
Revenue fell 55% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 379%. EBITDA rose 62% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | -₹9.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹21.6 Cr | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -53.6% | |||
| Net Profit Margin | -127.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Net Profit Growth | ||||
To see the full financial statements and ratios of Siply Services Private Limited, buy the company report.
Board of directors of Siply Services Private Limited
Siply Services has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Dattatraya Bhat | Nominee Director | 06 Dec 2023 | 2 Years 10 Months | Current |
| Huzaif Pasha | Director | 07 Oct 2024 | 2 Years 0 Months | Current |
| Sousthav Chakrabarty Also directs: Salil Chakrabarty Venture Partners LLP, Subhsous Advisory LLP, Veriline Holdings Limited and 1 more | Director | 18 Jul 2020 | 6 Years 3 Months | Current |
Auditor
Siply Services Private Limited is audited by THULASI AND CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THULASI AND CO | FY 2022 | 012632S |
Shareholding
The shareholding of Siply Services Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Siply Services Private Limited, buy the company report.
Charges & borrowings
Open charges
₹70.07 Cr
Satisfied charges
₹34.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2023 | 100883890 | Others | ₹6.6 Cr | Open | |
| 23 Nov 2023 | 100819865 | Others | ₹62 Lakh | Open | |
| 23 Nov 2023 | 100819867 | Others | ₹2.8 Cr | Open | |
| 23 Nov 2023 | 100819868 | Others | ₹55 Lakh | Open | |
| 23 Nov 2023 | 100819866 | Others | ₹1.8 Cr | Open |
To see the full charge records of Siply Services Private Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Siply Services Private Limited has 10 deals on record (5 convertible or debt financings, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹200.23 Cr; the latest was in June 2022.
Total deals
10
Convertible or debt financings
5
Funding rounds
4
Secondary share transfer
1
Disclosed funding
₹200.23 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Funding round · Pre-Series A | ₹148.16 Cr | Investors: QI Ventures, LVX (LetsVenture), JITO Angel Network |
| Oct 2021 | Funding round · Pre-Series A | ₹3.26 Cr | Investors: LVX (LetsVenture), JANA, 2 individuals |
| Dec 2020 | Funding round · Seed | ₹80 Lakh | Investors: 4 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Quoinvest LLP Seller: Quotient Digital Solutions Private Limited |
| Oct 2020 | Funding round | ₹60 Lakh | Investors: 3 individuals |
To see the full deal history of Siply Services 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
Siply Services Private Limited has 4 court cases on record: 1 filed by Siply Services, 3 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S Innoprop Spaces Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Innoprop Spaces Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Reculta Solutions Private Limited | Disposed |
| District court, South East, Delhi | Civil suit | Filed by the company against Reculta Solutions Private Limited | Disposed |
To see the full case history of Siply Services 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 Siply Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Siply Services Private Limited has a workforce of 16 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-77.78%
GST
Siply Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS9880P1Z6 | Karnataka | Active | 27 Aug 2020 |
To see the full GST registrations and return filing status of Siply Services Private Limited, buy the company report.
Recent activity
Siply Services Private Limited has 11 board changes on record since 2020: 3 appointments and 8 cessations. The latest: Dharmichand Sunil Kumar ceased to be Nominee Director on 23 May 2025.
Ceased
Dharmichand Sunil Kumar ceased to be Nominee Director.
AGM
Siply Services Private Limited last Annual general meeting of members was held on 14 Dec 2024 as per latest MCA records.
Ceased
Huzaif Pasha ceased to be Additional Director.
Appointed
Huzaif Pasha was appointed as Director.
Ceased
Anil Bhat ceased to be Director.
Filing
Siply Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Jatin Dattatraya Bhat ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 6.60 Cr with Charge ID 100883890 was registered on 19 Dec 2023.
Appointed
Jatin Dattatraya Bhat was appointed as Nominee Director.
Charges
A charge with Others amounted to Rs. 0.62 Cr with Charge ID 100819865 was registered on 23 Nov 2023.
Charges
A charge with Others amounted to Rs. 2.80 Cr with Charge ID 100819867 was registered on 23 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.55 Cr with Charge ID 100819868 was registered on 23 Nov 2023.
43 earlier events are in the company report.
News
Frequently asked questions
Siply Services is an active private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 18 July 2020 (6+ years old) and is registered under CIN U74999KA2020PTC136118.
Siply Services has 3 current directors:
- Jatin Dattatraya Bhat - Nominee Director
- Huzaif Pasha - Director
- Sousthav Chakrabarty - Director
The latest financial statements of Siply Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 December 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Siply Services is 29ABDCS9880P1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Siply Services is U74999KA2020PTC136118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siply Services has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending.
Siply Services was incorporated on 18 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Siply Services has 10 deals on record (5 convertible or debt financings, 4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹200.23 Cr; the latest was in June 2022.
Dharmichand Sunil Kumar ceased to be Nominee Director on 23 May 2025. Huzaif Pasha ceased to be Additional Director on 13 Dec 2024. Huzaif Pasha was appointed as Director on 07 Oct 2024. Siply Services has 11 board changes on record in total.
Yes, Siply Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).