Toffcover Core Technologies Private Limited

Toffcover Core Technologies Private Limited - media and publishing in Delhi, India. FY 2026 financials & compliance.
CIN U72100DL2017PTC321227 Incorporated 25 July 2017 ROC Delhi HQ Delhi, India
Active Private Limited Company media and publishing Startup India MSME · Small
Data last updated
Revenue · FY 2024
₹9.1 Cr
▼ 38% YoY
Net loss · FY 2024
₹5.76 Cr
Net margin -63.3%
EBITDA · FY 2024
-₹5.68 Cr
EBITDA margin -62.4%
Authorised capital
₹1.32 Cr
Registered with MCA
Paid-up capital
₹44.49 Lakh
Issued & subscribed
Satisfied charges
₹3 Cr
No open charges
Company age
9 yrs
Est. 2017
Employees · EPFO
22
Provident fund records

About Toffcover Core Technologies Private Limited

Data last updated:

Toffcover Core Technologies Private Limited is a private limited company based in Delhi, India, recognised as a startup by DPIIT. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 25 July 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72100DL2017PTC321227. Its GSTIN is 06AAGCT3567N1ZS (Haryana).

The company has an authorised share capital of ₹1.32 Cr and a paid-up capital of ₹44.49 Lakh. It was formerly known as Popsoda Technologies Private Limited and Stubborn Gene Technologies Private Limited. It is led by directors Nishant Jain and Scott Sherwood Gilmour.

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 5/14 Roop Nagar, Delhi, India – 110007.

As per the financials filed for FY 2024, the company reported a revenue of ₹9.1 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹5.76 Cr (net margin -63.3%) and EBITDA of -₹5.68 Cr (EBITDA margin -62.4%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 75% over five years.

The company has about 22 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: Toffcover Core Technologies and Toffee Insurance. As per MCA filings, the company has satisfied charges of ₹3 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 7 deals on record (5 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹85.76 Cr; the latest was in November 2022. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 4 larger and 5 smaller; the largest is Eximietas Design Private Limited with revenue of ₹9.11 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 13 micro and small suppliers.

Toffcover Core Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-05-0002965). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website toffeeinsurance.com.

Company details

CIN U72100DL2017PTC321227
Registration Number 321227
Incorporation Date 25 July 2017
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-DL-05-0002965

Name history

Toffcover Core Technologies has undergone 3 name changes throughout its history. The company was previously known as Popsoda Technologies Private Limited, Stubborn Gene Technologies Private Limited, and Toffcover Insurance Marketing Private Limited. The current legal name is Toffcover Core Technologies Private Limited.

Company NameStatus
Toffcover Core Technologies Private LimitedCurrent
Popsoda Technologies Private LimitedPrevious
Stubborn Gene Technologies Private LimitedPrevious
Toffcover Insurance Marketing Private LimitedPrevious

CIN history

Toffcover Core Technologies has one previous CIN (Corporate Identification Number): U66000DL2017PTC321227. The current CIN is U72100DL2017PTC321227, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72100DL2017PTC321227Current
U66000DL2017PTC321227Previous
Key People
Rohan Kumar Ceo Scott Sherwood Gilmour Nominee Director Nishant Jain Director

Recognitions & Rankings of Toffcover Core Technologies

Startup India Government of India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-DL-05-0002965

Contact details

Toffcover Core Technologies Private Limited's registered office is in Delhi, Delhi. Its website is toffeeinsurance.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    toffeeinsurance.com
  • Registered Address
    5/14 Roop Nagar, Delhi, India – 110007
  • Industry
    Media and Publishing, Advertising Agencies & Media Services

To see the full contact details of Toffcover Core Technologies Private Limited, buy the company report.

Comprehensive company report
Toffcover Core Technologies 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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Secure checkout · GST invoice included

Brands

Toffcover Core Technologies operates two associated brands: Toffcover Core Technologies and Toffee Insurance. Each brand links to its own profile.

BrandDescriptionWebsite
Toffcover Core Technologies
Provider of insurance claims processing servicestoffeecover.com
Toffee Insurance
Provider of microinsurance products for individualstoffcover.in

Business activity

The main business activity of Toffcover Core Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ6Computer programming, consultancy and related activities

To see the full business activity and turnover split of Toffcover Core Technologies Private Limited, buy the company report.

Financials of Toffcover Core Technologies Private Limited

FY 2024 filings available

Toffcover Core Technologies Private Limited reported revenue of ₹9.1 Cr (down 38% YoY) for FY 2024.

Revenue · FY 2024
₹9.1 Cr ▼ 38%
Net loss · FY 2024
₹5.76 Cr margin -63.3%
EBITDA · FY 2024
-₹5.68 Cr margin -62.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▲ 42%
5 years · compounded
▲ 75%
EBITDA CAGR growth
1 year
▲ 76%
3 years · compounded
▲ 15%
5 years · compounded
▼ 5%

Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 75%. EBITDA rose 76% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹5.68 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹5.76 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-62.4%
Net Profit Margin-63.3%
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 Toffcover Core Technologies Private Limited, buy the company report.

Board of directors and KMP of Toffcover Core Technologies Private Limited

Toffcover Core Technologies Private Limited currently reports 2 directors and 1 key managerial person. 5 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Scott Sherwood Gilmour
Also directs: Design for Use Consulting Private Limited
Nominee Director25 Dec 20196 Years 10 MonthsCurrent
Nishant Jain
Also directs: Toffeejar Insurance Broking Private Limited, Design for Use Consulting Private Limited
Director01 May 20242 Years 6 MonthsCurrent
Rohan Kumar
Also directs: Toffeejar Insurance Broking Private Limited
Ceo25 Dec 20196 Years 10 MonthsCurrent
View all directors and KMP

Peer comparison

Toffcover Core Technologies Private Limited is compared with the 9 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Eximietas Design Private Limited₹9.11 Cr (FY 2024)Hyderabad, Telangana, India
Xanika Infotech (OPC) Private Limited₹9.11 Cr (FY 2024)54.0%Bangalore, Karnataka, India
Inteq BPO Services Private Limited₹9.11 Cr (FY 2025)49.0%Hyderabad, Telangana, India
Amossys Digital Private Limited₹9.1 Cr (FY 2024)205.0%Bangalore, Karnataka, India
Toffcover Core Technologies Private Limitedthis company₹9.1 Cr (FY 2024)-₹5.76 Cr-63.3%-38.0%22Delhi, India
Riomed Technologies India Private Limited₹9.1 Cr (FY 2023)30.0%Pune, Maharashtra, India
Techmatic Systems India Private Limited₹9.1 Cr (FY 2025)2.0%Hyderabad, Telangana, India
Vince Software India Private Limited₹9.1 Cr (FY 2025)24.0%Bangalore, Karnataka, India
Inoventive IT Services Private Limited₹9.09 Cr (FY 2025)36.0%Noida, Uttar Pradesh, India
Vupico Consulting India Private Limited₹9.09 Cr (FY 2024)8.0%Coimbatore, Tamil Nadu, India

To see the full peer comparison of Toffcover Core Technologies Private Limited, buy the company report.

Auditor

Toffcover Core Technologies Private Limited is audited by MSKA & Associates for the financial year 2022.

Auditor firmFinancial yearFirm registration number
MSKA & AssociatesFY 2022105047W

Shareholding

The shareholding of Toffcover Core Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Toffcover Core Technologies Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Others₹3.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Aug 2022100656150Others₹3 CrSatisfied

To see the full charge records of Toffcover Core Technologies Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Toffcover Core Technologies Private Limited has 7 deals on record (5 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹85.76 Cr; the latest was in November 2022.

Total deals
7
Funding rounds
5
Rights issue
1
Debt financing
1
Disclosed funding
₹85.76 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Nov 2022Funding round · Series E₹24 CrInvestors: IVM Intersurer BV
Aug 2022Funding round · Series D₹1.2 CrInvestors: Stride Ventures
Aug 2022Debt financing₹3.01 CrInvestors: Stride Ventures
Apr 2022Funding round · Series C₹7.8 CrInvestors: IVM Intersurer BV, Omidyar Network, Flourish Ventures
Dec 2019Funding round · Series B₹39.25 CrInvestors: IVM Intersurer BV, Flourish Ventures, Omidyar Network

To see the full deal history of Toffcover Core Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Toffcover Core Technologies Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 13)

SupplierAmount dueDue sinceReported on
Techshield Integrated Solution Private Limited
an individual supplier
an individual supplier
A1 Selectors Private Limited
an individual supplier

To see the full MSME payment records of Toffcover Core Technologies Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Toffcover Core Technologies has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.

1
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Toffeejar Insurance Broking Private LimitedU66000DL2019PTC348586

To see the full group structure of Toffcover Core Technologies Private Limited, buy the company report.

Employees & EPFO

Toffcover Core Technologies Private Limited has a workforce of 22 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
22
Active EPFO establishments
1
Employee growth
-70.67%

GST

Toffcover Core Technologies has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
06AAGCT3567N1ZSHaryanaActive07 May 2018

To see the full GST registrations and return filing status of Toffcover Core Technologies Private Limited, buy the company report.

Recent activity

Toffcover Core Technologies Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Nishant Jain was appointed as Director on 01 May 2024.

AGM
Toffcover Core Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Nishant Jain was appointed as Director.
Filing
Toffcover Core Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge registered on 18 Aug 2022 via Charge ID 100656150 with Others was fully satisfied on 21 Aug 2023.
Ceased
Amol Warange ceased to be Nominee Director.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100656150 was registered on 18 Aug 2022.
Ceased
Vivek Gujral ceased to be Director.
Ceased
Kiran Kalyan Vasireddy ceased to be Nominee Director.
Ceased
Darshit Vora Dilipkumar ceased to be Nominee Director.
Appointed
Rohan Kumar was appointed as CEO.
Appointed
Scott Sherwood Gilmour was appointed as Nominee Director.
Ceased
Nishant Jain ceased to be Director.

1 earlier event is in the company report.

News

Frequently asked questions

Toffcover Core Technologies is an active private limited company based in Delhi, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 25 July 2017 (9+ years old) and is registered under CIN U72100DL2017PTC321227.

Toffcover Core Technologies has 3 current directors and KMP:

The latest financial statements of Toffcover Core Technologies 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 2018 are in the company report.

The GSTIN of Toffcover Core Technologies is 06AAGCT3567N1ZS, registered in Haryana.

The CIN (Corporate Identification Number) of Toffcover Core Technologies is U72100DL2017PTC321227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Toffcover Core Technologies has 2 court cases on record: 1 filed by the company and 1 filed against it.

Toffcover Core Technologies was incorporated on 25 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.

Toffcover Core Technologies has 7 deals on record (5 funding rounds, 1 rights issue, 1 debt financing), with disclosed funding of ₹85.76 Cr; the latest was in November 2022.

The peers of Toffcover Core Technologies by revenue are Eximietas Design Private Limited, Xanika Infotech (OPC) Private Limited, Inteq BPO Services Private Limited, Amossys Digital Private Limited, Riomed Technologies India Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).

Nishant Jain was appointed as Director on 01 May 2024. Amol Warange ceased to be Nominee Director on 15 Sep 2022. Vivek Gujral ceased to be Director on 21 Jul 2022. Toffcover Core Technologies has 8 board changes on record in total.

Yes, Toffcover Core Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Toffcover Core Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-DL-05-0002965).