About Swiftly Commerce Tech Private Limited
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Swiftly Commerce Tech Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2013PTC251548. Its GSTIN is 07AAHCP1320J1ZM (Delhi).
The company has an authorised share capital of ₹6.1 Lakh and a paid-up capital of ₹3.46 Lakh. It was formerly known as Pyxel Web Solutions Private Limited. It is led by directors Rohit and Mohd Sabbir.
Its last annual general meeting (AGM) was held on 25 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. B G/F Kh. No. 360 Sultanpur Village, Near Indian Bank New Delhi – 110030, Delhi, India – 110030.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.4 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹19.68 Cr (net margin -209.3%) and EBITDA of -₹19.25 Cr (EBITDA margin -204.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 17% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wigzo. As per MCA filings, the company has satisfied charges of ₹90 Lakh on record. The company has 19 deals on record (9 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹50.88 Cr; the latest was in February 2023. Its 8 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 4 smaller; the largest is Bb11 Technolabs Private Limited with revenue of ₹9.41 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 wigzo.com.
Company details
Contact details
Swiftly Commerce Tech Private Limited's registered office is in New Delhi, Delhi. Its website is wigzo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. B G/F Kh. No. 360 Sultanpur Village, Near Indian Bank New Delhi – 110030, Delhi, India – 110030
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Swiftly Commerce Tech Private Limited, buy the company report.
- 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
Business activity
The main business activity of Swiftly Commerce Tech is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Swiftly Commerce Tech Private Limited, buy the company report.
Financials of Swiftly Commerce Tech Private Limited
FY 2023 filings availableSwiftly Commerce Tech Private Limited reported revenue of ₹9.4 Cr (down 39% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 251% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹19.25 Cr | ||||
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| Net Profit (PAT) | -₹19.68 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -204.7% | ||||
| Net Profit Margin | -209.3% | ||||
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To see the full financial statements and ratios of Swiftly Commerce Tech Private Limited, buy the company report.
Board of directors of Swiftly Commerce Tech Private Limited
Swiftly Commerce Tech has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit | Director | 23 Apr 2024 | 2 Years 6 Months | Current |
| Mohd Sabbir Also directs: Skinfirst Derma Private Limited | Additional Director | 10 Jun 2024 | 2 Years 5 Months | Current |
Peer comparison
Swiftly Commerce Tech Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bb11 Technolabs Private Limited | ₹9.41 Cr (FY 2024) | 16.0% | Ahmedabad, Gujarat, India | |||
| Skillate Laboratories Private Limited | ₹9.41 Cr (FY 2025) | 22.0% | Bengaluru, Karnataka, India | |||
| Gempulse Infotech Private Limited | ₹9.4 Cr (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Integrated Environmental Solutions India Private Limited | ₹9.4 Cr (FY 2024) | 7.0% | Pune, Maharashtra, India | |||
| Swiftly Commerce Tech Private Limitedthis company | ₹9.4 Cr (FY 2023) | -₹19.68 Cr | -209.3% | -39.0% | New Delhi, Delhi, India | |
| Viscus Infotech Limited | ₹9.39 Cr (FY 2024) | 1.0% | Indore, Madhya Pradesh, India | |||
| Tooljet Solutions Private Limited | ₹9.38 Cr (FY 2024) | 104.0% | Bangalore, Karnataka, India | |||
| Uniqueforce Technology Solutions Private Limited | ₹9.38 Cr (FY 2025) | 33.0% | Chennai, Tamil Nadu, India | |||
| Techfluent Solutions Private Limited | ₹9.38 Cr (FY 2024) | 107.0% | Nagole, Telangana, India |
To see the full peer comparison of Swiftly Commerce Tech Private Limited, buy the company report.
Auditor
Swiftly Commerce Tech Private Limited is audited by RAKESH KHANNA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAKESH KHANNA & ASSOCIATES | FY 2022 | 007639N |
Shareholding
The shareholding of Swiftly Commerce Tech Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swiftly Commerce Tech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2017 | 100114541 | Hdfc Bank Limited | ₹90 Lakh | Satisfied |
To see the full charge records of Swiftly Commerce Tech Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Swiftly Commerce Tech Private Limited has 19 deals on record (9 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹50.88 Cr; the latest was in February 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Funding round · Series B | ₹16 Cr | Investors: Shiprocket Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Wizgo Employee Trust, an individual Seller: 3 individuals |
| Mar 2022 | Funding round · Series B | ₹11.34 Cr | Investors: Shiprocket Limited |
| Jan 2022 | Funding round · Series B | ₹3 Cr | Investors: Shiprocket Limited |
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: Shiprocket Limited Seller: Outbox Ventures |
To see the full deal history of Swiftly Commerce Tech 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
No court or tribunal cases involving Swiftly Commerce Tech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swiftly Commerce Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Swiftly Commerce Tech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCP1320J1ZM | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swiftly Commerce Tech Private Limited, buy the company report.
Recent activity
Swiftly Commerce Tech Private Limited has 14 board changes on record since 2014: 2 appointments and 12 cessations. The latest: Mohd Sabbir was appointed as Additional Director on 10 Jun 2024.
7 earlier events are in the company report.
News
Frequently asked questions
Swiftly Commerce Tech is an active private limited company based in New Delhi, Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 May 2013 (13+ years old) and is registered under CIN U72900DL2013PTC251548.
Swiftly Commerce Tech has 2 current directors:
- Rohit - Director
- Mohd Sabbir - Additional Director
The latest financial statements of Swiftly Commerce Tech on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Swiftly Commerce Tech is 07AAHCP1320J1ZM, registered in Delhi.
The CIN (Corporate Identification Number) of Swiftly Commerce Tech is U72900DL2013PTC251548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swiftly Commerce Tech was incorporated on 03 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Swiftly Commerce Tech has 19 deals on record (9 secondary share transfers, 8 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹50.88 Cr; the latest was in February 2023.
The peers of Swiftly Commerce Tech by revenue are Bb11 Technolabs Private Limited, Skillate Laboratories Private Limited, Gempulse Infotech Private Limited, Integrated Environmental Solutions India Private Limited, Viscus Infotech Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Mohd Sabbir was appointed as Additional Director on 10 Jun 2024. Shobhit Jukaria ceased to be Director on 24 Apr 2024. Rohit was appointed as Director on 23 Apr 2024. Swiftly Commerce Tech has 14 board changes on record in total.
Swiftly Commerce Tech can be reached through the website wigzo.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Swiftly Commerce Tech is at Plot No. B GF Kh. No. 360 Sultanpur Village, Near Indian Bank New Delhi – 110030, Delhi, India – 110030.
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