About Sterne India Private Limited
Data last updated:
Sterne India Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 24 October 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC097331. Its GSTIN is 29AAXCS7393C2ZI (Karnataka). The company holds 29 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹21 Lakh and a paid-up capital of ₹13.15 Lakh. It is led by directors Khushnud Khan and Rishiraj Singh Rathore.
Its last annual general meeting (AGM) was held on 31 October 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 05th Floor Salarpuria Sattva Eminence, Amani Bellendur Khane Varthur Hobli Bangalore East Taluk, Karnataka, India – 560103.
As per the financials filed for FY 2022, the company reported a revenue of ₹1,118.23 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹62.98 Cr (net margin -5.6%) and EBITDA of -₹57.81 Cr (EBITDA margin -5.2%). Revenue has grown at a compounded annual rate (CAGR) of 285% over three years.
The company has about 208 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Arzooo. As per MCA filings, the company has open charges of ₹115 Cr and satisfied charges of ₹111.01 Cr on record. Court records list 41 cases involving the company, including 8 filed by the company and 32 filed against it; 17 cases are pending. The company has 29 deals on record (14 funding rounds, 9 debt financings, 3 convertible or debt financings), with disclosed funding of ₹639.07 Cr; the latest was in November 2024. Its 10 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce) are compared by revenue, 5 larger and 5 smaller; the largest is Hesa Enterprises Private Limited with revenue of ₹1,720.88 Cr.
The last known website on record is arzooo.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address05th Floor Salarpuria Sattva Eminence, Amani Bellendur Khane Varthur Hobli Bangalore East Taluk, Karnataka, India – 560103
- IndustryE-Commerce, General E-Commerce Platforms
- 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 Sterne India Private Limited
The main business activity of Sterne India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Sterne India Private Limited FY 2022 filings available
Sterne India Private Limited reported revenue of ₹1,118.23 Cr (up 332% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Sterne India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 285% over three years, including 332% growth in the latest year. EBITDA fell 237% 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 Sterne India Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1,118.23 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹57.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹62.98 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 of Sterne India Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -5.6% | •••• | •••• | •••• | •••• |
| 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 Sterne India are in the company report.
Financial statements from FY 2017
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 Sterne India Private Limited
Sterne India Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hesa Enterprises Private Limited | ₹1,720.88 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Hyderabad, Telangana, India |
| Indiamart Intermesh Limited Listed | ₹1,660.76 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Kwickbox Retail Private Limited | ₹1,447.08 Cr (FY 2025) | •••• | •••• | 208.0% | •••• | Chennai, Tamil Nadu, India |
| Utkrisht Trade Solutions Private Limited | ₹1,191.93 Cr (FY 2021) | •••• | •••• | 5471.0% | •••• | Noida, Uttar Pradesh, India |
| Amway India Enterprises Private Limited | ₹1,174.85 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Sterne India Private Limited this company | ₹1,118.23 Cr (FY 2022) | •••• | •••• | 332.0% | •••• | Bangalore, Karnataka, India |
| Swinsta Ent Private Limited | ₹1,006.19 Cr (FY 2025) | •••• | •••• | 568.0% | •••• | Gurgaon, Haryana, India |
| Modicare Limited | ₹931.15 Cr (FY 2024) | •••• | •••• | -19.0% | •••• | New Delhi, Delhi, India |
| Shambhu Technology Services Private Limited | ₹925.04 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | New Delhi, Delhi, India |
| Max Hypermarket India Private Limited | ₹894.06 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| JSK Marketing Limited | ₹867.74 Cr (FY 2018) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Sterne India by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sterne India Private Limited
Sterne India Private Limited is audited by M S K A & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M S K A & 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 Sterne India Private Limited
Sterne India has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khushnud Khan Also directs: Mirai Consumer Private Limited, Fastmile Express Private Limited, Sharkfin Tech Private Limited and 2 more | Director | 15 Mar 2019 | 7 Years 6 Months | As last reported |
| Rishiraj Singh Rathore Also directs: Fastmile Express Private Limited, Sharkfin Tech Private Limited, Gamma Internet Private Limited and 2 more | Director | 24 Oct 2016 | 9 Years 11 Months | As last reported |
Ownership and Shareholding of Sterne India 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 Sterne India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Oct 2023 | Others | ₹8 Cr | Open |
| 28 Sep 2023 | Others | ₹7 Cr | Open |
| 20 Jul 2023 | Others | ₹20 Cr | Open |
| 04 Jul 2023 | Others | ₹20 Cr | Open |
| 17 Aug 2022 | Others | ₹15 Cr | Open |
Total charge records: 15 View all charges
Deals & Funding of Sterne India Private Limited
Sterne India Private Limited has 29 deals on record (14 funding rounds, 9 debt financings, 3 convertible or debt financings), with disclosed funding of ₹639.07 Cr; the latest was in November 2024.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Acquisition | Undisclosed | Buyer: Moksha Group |
| Oct 2023 | Debt financing | ₹8 Cr | Investors: Alteria Capital |
| Sep 2023 | Debt financing | ₹7 Cr | Investors: Karnation Fund I |
| Aug 2023 | Debt financing | ₹15 Cr | Investors: Alteria Capital |
| Sep 2020 | Funding round · Series A | ₹48.69 Cr | Investors: Celesta Capital (WRVI Capital), 3Lines Venture Capital, ENAM Holdings |
Full deal history
All 29 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.
Legal Cases of Sterne India Private Limited
Sterne India Private Limited has 41 court cases on record: 8 filed by Sterne India, 32 filed against it, 1 where it is another party. 17 cases are pending and 24 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 30 | 15 |
| High courts | 5 | 1 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Orix Leasing & Financial Services India Limited | Pending |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by G4s Secure Solutions (India) Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Lodestar Education Services Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Trillionloans Fintech Private Limited | Pending |
Full case history
All 41 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Sterne India Private Limited
Sterne India operates one associated brand: Arzooo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology platform for retail management and electronics trading is provided. | arzooo.com |
Employees and EPFO Compliance at Sterne India Private Limited
Sterne India Private Limited has a workforce of 208 employees as of Oct 10, 2025.
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.
Group Structure of Sterne India Private Limited
Sterne India has 4 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Fastmile Express Private Limited | U63030KA2021PTC150225 | Locked |
| Sharkfin Tech Private Limited | U72900KA2021PTC149237 | Locked |
| Gamma Internet Private Limited | U74999KA2021PTC154307 | Locked |
| Falcon Internet Private Limited | U74999KA2021PTC154325 | Locked |
Showing major subsidiaries. Total: 4.
News related to Sterne India Private Limited
Recent Activity on Sterne India Private Limited
Sterne India Private Limited has 12 board changes on record since 2016: 3 appointments and 9 cessations. The latest: Ravindra Beleyur was appointed as Irp/Rp/Liquidator on 15 May 2025.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sterne India 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 Sterne India 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 Sterne India 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 Sterne India Private Limited
Sterne India has 29 GST registrations: 5 active and 24 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAXCS7393C2ZI | Karnataka | Active | 29 Jun 2017 |
| 29AAXCS7393C3ZH | Karnataka | Active | 01 Apr 2023 |
| 19AAXCS7393C1ZK | West Bengal | Active | 22 Nov 2019 |
| 10AAXCS7393C1Z2 | Bihar | Active | 26 Aug 2021 |
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 Sterne India 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 Sterne India Private Limited
Sterne India is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sterne India is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 24 October 2016 and is registered under CIN U74999KA2016PTC097331. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sterne India reported revenue of ₹1,118.23 Cr for FY 2022 (up 332% YoY).
Sterne India has 2 current directors:
- Khushnud Khan - Director
- Rishiraj Singh Rathore - Director
Sterne India reported a net loss of ₹62.98 Cr (net margin -5.6%) and EBITDA of -₹57.81 Cr (EBITDA margin -5.2%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sterne India is 285% over three years. In the latest year (FY 2022) revenue rose 332%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Sterne India is U74999KA2016PTC097331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterne India has open charges of ₹115 Cr and satisfied charges of ₹111.01 Cr as per latest MCA filings.
Sterne India has 41 court cases on record: 8 filed by the company and 32 filed against it. 17 are pending. Most are in the district courts.
Sterne India was incorporated on 24 October 2016. It is registered with the Registrar of Companies, Bangalore.
Sterne India has 29 deals on record (14 funding rounds, 9 debt financings, 3 convertible or debt financings), with disclosed funding of ₹639.07 Cr; the latest was in November 2024.