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Upgrit Technologies Private Limited - home & lifestyle in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹26.18 Cr
▲ 58% YoY
Net profit · FY 2025
₹40.43 Lakh
Net margin 1.5%
EBITDA · FY 2025
₹1.2 Cr
EBITDA margin 4.6%
Authorised capital
₹12.5 Lakh
Registered with MCA
Paid-up capital
₹12.5 Lakh
Issued & subscribed
Open charges
₹8.53 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Upgrit Technologies Private Limited
Data last updated:
Upgrit Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the home furnishings and accessories retail segment of the home and lifestyle products sector. It was incorporated on 06 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021PTC365465. Its GSTIN is 27AACCU8932C1ZB (Maharashtra).
The company has an authorised share capital of ₹12.5 Lakh and a paid-up capital of ₹12.5 Lakh. It is led by directors including Jaiprakash Parasnath Singh and Nimesh Vijay Negandhi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 904 Gold Crest Business Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.18 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹40.43 Lakh (net margin 1.5%) and EBITDA of ₹1.2 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years.
The company is associated with 1 brand: XCMart. As per MCA filings, the company has open charges of ₹8.53 Cr on record.
Upgrit Technologies Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0141985). For more details, the company can be reached via its website xcmart.co.
Company Details of Upgrit Technologies Private Limited
CIN U72900MH2021PTC365465
Registration Number 365465
Incorporation Date 06 August 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0141985
Key People
Jaiprakash Parasnath Singh Director Nimesh Vijay Negandhi Director Dinesh Popatlal Thakkar Director Recognitions & Rankings of Upgrit Technologies
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0141985
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address904 Gold Crest Business Park, Lbs Road Ghatkopar West, Mumbai, Maharashtra, India – 400086
- IndustryHome & Lifestyle, Home Furnishings & Accessories Retail
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Business Activity of Upgrit Technologies Private Limited
The main business activity of Upgrit Technologies is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Upgrit Technologies Private Limited FY 2025 filings available
Upgrit Technologies Private Limited reported revenue of ₹26.18 Cr (up 58% YoY) for FY 2025.
Revenue · FY 2025
₹26.18 Cr ▲ 58%
Net profit · FY 2025
₹40.43 Lakh margin 1.5%
EBITDA · FY 2025
₹1.2 Cr margin 4.6%
Compounded Annual Growth Rate (CAGR) of Upgrit Technologies Private Limited
Revenue CAGR growth
1 year
▲ 58%
3 years · compounded
▲ 66%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 66% over three years, including 58% growth in the latest year. EBITDA fell 19% 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 Upgrit Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹1.2 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.43 Lakh | •••• | •••• | •••• |
| 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 Upgrit Technologies Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.6% | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• |
| 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 Upgrit Technologies are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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Board of Directors of Upgrit Technologies Private Limited
Upgrit Technologies has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaiprakash Parasnath Singh Also directs: Queentainer LLP, Sar Storage India Private Limited, Sar Agri Solutions (Pune) Private Limited and 3 more | Director | 06 Aug 2021 | 5 Years 2 Months | Current |
| Nimesh Vijay Negandhi | Director | 06 Aug 2021 | 5 Years 2 Months | Current |
| Dinesh Popatlal Thakkar | Director | 06 Aug 2021 | 5 Years 2 Months | Current |
Peer Comparison of Upgrit Technologies Private Limited
Upgrit Technologies Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aadit Ehs Solutions Private Limited | ₹28.73 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Ahmedabad, Gujarat, India |
| Shree Carpet and Textile Mahal (India) Private Limited | ₹28.59 Cr (FY 2024) | •••• | •••• | 106.0% | •••• | Jaipur, Rajasthan, India |
| Unidus Decor Private Limited | ₹27.83 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Ramesh Candles India Private Limited | ₹27.63 Cr (FY 2016) | •••• | •••• | 1.0% | •••• | Tuticorin, Tamil Nadu, India |
| Sidmark Sales Enterprise Private Limited | ₹27.09 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Upgrit Technologies Private Limited this company | ₹26.18 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Mumbai, Maharashtra, India |
| Handloom Export Promotion Council | ₹26.14 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Inlite Furnishings Private Limited | ₹26.05 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Kozhikode, Kerala, India |
| Vividha Interior Products Private Limited | ₹26 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Bangalore, Karnataka, India |
| Innovative Antares Private Limited | ₹25.52 Cr (FY 2025) | •••• | •••• | 48.0% | •••• | Mumbai, Maharashtra, India |
| C. Bhogilal Trading Company Private Limited | ₹25.28 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Upgrit Technologies by revenue in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution), 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 Upgrit Technologies Private Limited
Upgrit Technologies Private Limited is audited by R.D.PATEL & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R.D.PATEL & CO | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Upgrit Technologies Private Limited
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Charges & Borrowings of Upgrit Technologies Private Limited
Open charges
₹8.53 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2022 | State Bank of India | ₹8.53 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Upgrit Technologies Private Limited
Upgrit Technologies Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Upgrit Technologies Private Limited
Upgrit Technologies Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Dinesh Popatlal Thakkar was appointed as Director on 06 Aug 2021.
Charges
A charge with State Bank Of India of Rs. 853.00 Lakh registered on 27 Jul 2022 with Charge ID 100633951 was modified on 19 Dec 2025.
AGM
Upgrit Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Upgrit Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with State Bank Of India amounted to Rs. 853.00 Lakh with Charge ID 100633951 was registered on 27 Jul 2022.
Appointed
Dinesh Popatlal Thakkar was appointed as Director.
Appointed
Jaiprakash Parasnath Singh was appointed as Director.
Appointed
Nimesh Vijay Negandhi was appointed as Director.
Incorporation
06 Aug 2021
Upgrit Technologies Private Limited was registered on 06 Aug 2021 with Roc Mumbai I & aged 5 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Upgrit Technologies Private Limited
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MSME Payment Delays by Upgrit Technologies Private Limited
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Subsidiaries & Group Companies of Upgrit Technologies Private Limited
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GST Compliance of Upgrit Technologies Private Limited
Upgrit Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCU8932C1ZB | Maharashtra | Active | 16 Aug 2021 |
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MCA Filings & Documents of Upgrit Technologies Private Limited
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Frequently Asked Questions about Upgrit Technologies Private Limited
Upgrit Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in home furnishings and accessories retail, within the home and lifestyle industry. It was incorporated on 06 August 2021 (5+ years old) and is registered under CIN U72900MH2021PTC365465.
Upgrit Technologies reported revenue of ₹26.18 Cr for FY 2025 (up 58% YoY).
Upgrit Technologies has 3 current directors:
- Jaiprakash Parasnath Singh - Director
- Nimesh Vijay Negandhi - Director
- Dinesh Popatlal Thakkar - Director
Upgrit Technologies reported a net profit of ₹40.43 Lakh (net margin 1.5%) and EBITDA of ₹1.2 Cr (EBITDA margin 4.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Upgrit Technologies is 66% over three years. In the latest year (FY 2025) revenue rose 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Upgrit Technologies is 27AACCU8932C1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Upgrit Technologies is U72900MH2021PTC365465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upgrit Technologies was incorporated on 06 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Upgrit Technologies by revenue are Aadit Ehs Solutions Private Limited, Shree Carpet and Textile Mahal (India) Private Limited, Unidus Decor Private Limited, Ramesh Candles India Private Limited, Sidmark Sales Enterprise Private Limited and 5 more, all in the Consumer Products industry (Home Furnishings and Accessories Retail and Distribution).
Dinesh Popatlal Thakkar was appointed as Director on 06 Aug 2021. Jaiprakash Parasnath Singh was appointed as Director on 06 Aug 2021. Nimesh Vijay Negandhi was appointed as Director on 06 Aug 2021.
Yes, Upgrit Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).