MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KL-02-0039344
Toffee Ride Innovations Private Limited - information technology in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.57 Lakh
▼ 96% YoY
Net loss · FY 2025
₹31.08 Lakh
Latest filing
EBITDA · FY 2025
-₹26.71 Lakh
Latest filing
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹5.54 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Toffee Ride Innovations Private Limited
Data last updated:
Toffee Ride Innovations Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2016PTC046020. Its GSTIN is 32AAGCG5737K1ZG (Kerala).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5.54 Lakh. It was formerly known as Gliese Innovations Private Limited. It is led by directors Prasanth Prabhakaran Pillai (Managing Director) and Hita Girija Rajeevan.
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 1194 Emerald Park Mir Green Metropolis Ambadimookakkanad Po Kochi Ernakulam Kl, 682030 In, Kerala, India – 682030.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.57 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹31.08 Lakh and EBITDA of -₹26.71 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 36% over five years.
The company is associated with 1 brand: Toffee Ride. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹3.76 Cr; the latest was in November 2021. Its 10 peer companies in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.) are compared by revenue, 5 larger and 5 smaller; the largest is VNC IT Solutions Private Limited with revenue of ₹2.58 Lakh.
Toffee Ride Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0039344). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website toffeeride.com.
Company details
CIN U72200KL2016PTC046020
Registration Number 046020
Incorporation Date 16 June 2016
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0039344
Recognitions & Rankings of Toffee Ride Innovations
Contact details
Toffee Ride Innovations Private Limited's registered office is in Ernakulam, Kerala. Its website is toffeeride.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1194 Emerald Park Mir Green Metropolis Ambadimookakkanad Po Kochi Ernakulam Kl, 682030 In, Kerala, India – 682030
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Toffee Ride Innovations Private Limited, buy the company report.
Comprehensive company report
Toffee Ride Innovations 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
Toffee Ride Innovations operates one associated brand: Toffee Ride. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| App based learning resource provider for kids | toffeeride.com |
Business activity
The main business activity of Toffee Ride Innovations is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Toffee Ride Innovations Private Limited, buy the company report.
Financials of Toffee Ride Innovations Private Limited
FY 2024 filings availableToffee Ride Innovations Private Limited reported revenue of ₹2.57 Lakh (down 96% YoY) for FY 2025.
Revenue · FY 2025
₹2.57 Lakh ▼ 96%
Net loss · FY 2025
₹31.08 Lakh
EBITDA · FY 2025
-₹26.71 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 96%
3 years · compounded
▼ 60%
5 years · compounded
▲ 36%
EBITDA CAGR growth
3 years · compounded
▲ 30%
5 years · compounded
▼ 5%
Revenue fell 96% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹26.71 Lakh | ||||
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| Net Profit (PAT) | -₹31.08 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Toffee Ride Innovations Private Limited, buy the company report.
Board of directors of Toffee Ride Innovations Private Limited
Toffee Ride Innovations has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hita Girija Rajeevan Also directs: Valcare Consulting Private Limited | Director | 16 Jun 2016 | 10 Years 4 Months | Current |
| Prasanth Prabhakaran Pillai | Managing Director | 05 Feb 2018 | 8 Years 9 Months | Current |
Peer comparison
Toffee Ride Innovations Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VNC IT Solutions Private Limited | ₹2.58 Lakh (FY 2021) | Hyderabad, Telangana, India | ||||
| Hrbrisk India Private Limited | ₹2.58 Lakh (FY 2025) | 352.0% | New Delhi, Delhi, India | |||
| Amidray Technologies Private Limited | ₹2.57 Lakh (FY 2015) | -33.0% | Tripunithura, Kerala, India | |||
| Gesture Technologies Private Limited | ₹2.57 Lakh (FY 2024) | -8.0% | Kolkata, West Bengal, India | |||
| Bdeep Software Private Limited | ₹2.57 Lakh (FY 2024) | 34.0% | Kolkata, West Bengal, India | |||
| Toffee Ride Innovations Private Limitedthis company | ₹2.57 Lakh (FY 2025) | -₹31.08 Lakh | -96.0% | Ernakulam, Kerala, India | ||
| DFF Tech Private Limited | ₹2.57 Lakh (FY 2019) | Hyderabad, Telangana, India | ||||
| Fleecha Services & Solutions Private Limited | ₹2.57 Lakh (FY 2024) | 257.0% | Chennai, Tamil Nadu, India | |||
| Skyfouz Technology Private Limited | ₹2.56 Lakh (FY 2023) | -46.0% | Patna, Bihar, India | |||
| Creativity Insight IT Services Private Limited | ₹2.56 Lakh (FY 2024) | -39.0% | Ahmedabad, Gujarat, India | |||
| Ioz Sot Private Limited | ₹2.56 Lakh (FY 2024) | 67.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Toffee Ride Innovations Private Limited, buy the company report.
Auditor
Toffee Ride Innovations Private Limited is audited by KANNAN & KASSIM for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANNAN & KASSIM | FY 2023 | 008896S |
Shareholding
The shareholding of Toffee Ride Innovations 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 Toffee Ride Innovations Private Limited, buy the company report.
Deals & funding
Toffee Ride Innovations Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹3.76 Cr; the latest was in November 2021.
Total deals
4
Funding rounds
3
Rights issue
1
Disclosed funding
₹3.76 Cr
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Funding round | ₹87.1 Lakh | Investors: 4 individuals |
| Mar 2019 | Funding round | ₹1.25 Cr | Investors: Nintriva Technology Solutions Private Limited , 3 individuals |
| Feb 2018 | Rights issue | ₹5 Lakh | Investors: an individual |
To see the full deal history of Toffee Ride Innovations 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 Toffee Ride Innovations 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 Toffee Ride Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Toffee Ride Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAGCG5737K1ZG | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Toffee Ride Innovations Private Limited, buy the company report.
Recent activity
Toffee Ride Innovations Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Hita Girija Rajeevan ceased to be Managing Director on 04 Mar 2019.
AGM
Toffee Ride Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Toffee Ride Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Ceased
Hita Girija Rajeevan ceased to be Managing Director.
Ceased
Prasanth Prabhakaran Pillai ceased to be Director.
Ceased
Rajeevan Velayudhan Pillai ceased to be Director.
Appointed
Prasanth Prabhakaran Pillai was appointed as Managing Director.
Appointed
Hita Girija Rajeevan was appointed as Director.
Incorporation
16 Jun 2016
Toffee Ride Innovations Private Limited was registered on 16 Jun 2016 with Roc Ernakulam & aged 10 years 4 months as per MCA records.
Frequently asked questions
Toffee Ride Innovations is an active private limited company based in Ernakulam, Kerala, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 June 2016 (10+ years old) and is registered under CIN U72200KL2016PTC046020.
Toffee Ride Innovations has 2 current directors:
- Prasanth Prabhakaran Pillai - Managing Director
- Hita Girija Rajeevan - Director
The latest financial statements of Toffee Ride Innovations 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 2017 are in the company report.
The GSTIN of Toffee Ride Innovations is 32AAGCG5737K1ZG, registered in Kerala.
The CIN (Corporate Identification Number) of Toffee Ride Innovations is U72200KL2016PTC046020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Toffee Ride Innovations was incorporated on 16 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
Toffee Ride Innovations has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹3.76 Cr; the latest was in November 2021.
The peers of Toffee Ride Innovations by revenue are VNC IT Solutions Private Limited, Hrbrisk India Private Limited, Amidray Technologies Private Limited, Gesture Technologies Private Limited, Bdeep Software Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Hita Girija Rajeevan ceased to be Managing Director on 04 Mar 2019. Prasanth Prabhakaran Pillai ceased to be Director on 04 Mar 2019. Rajeevan Velayudhan Pillai ceased to be Director on 15 Mar 2018. Toffee Ride Innovations has 5 board changes on record in total.
Yes, Toffee Ride Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0039344).
Toffee Ride Innovations can be reached through the website toffeeride.com. Its registered office is in Ernakulam, Kerala, India.
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