About Upscalio India Private Limited
Data last updated: 30 July 2025
Upscalio India Private Limited is a private limited company based in Gurugram, Haryana, India, a subsidiary of Upscalio Pte. Ltd. and recognised as a startup by DPIIT. 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 specialises in online service marketplaces, a part of the broader internet and digital services sector. Incorporated on 07 June 2021, the company has been in operation for over 5 years.
Registered with ROC Delhi under CIN U51100HR2021PTC095460.
Capital: an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors including Nitin Agarwal and Saaim Ismail Khan.
Last AGM: 20 December 2023. Financial statements filed for year ended 31 March 2023. Office: Sector 32, Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹219.29 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 54 employees as per the latest available data. It operates as a subsidiary of Upscalio Pte. Ltd.. Its group structure includes 8 subsidiaries.
The company is associated with 1 brand - Upscalio. As per MCA filings, the company has open charges of ₹155 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is upscal.io.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressPlot No. 37B, Sector 32 India, Gurgaon, Haryana, India – 122001
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IndustryInternet, Online Service Marketplaces
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Upscalio India Private Limited
Upscalio India Private Limited has one previous CIN (Corporate Identification Number): U24290HR2021PTC095460. The current CIN is U51100HR2021PTC095460, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100HR2021PTC095460 | Current |
| U24290HR2021PTC095460 | Previous |
Associated Brands with Upscalio India Private Limited
Upscalio India Private Limited operates one associated brand: UpScalio. These brands represent Upscalio India Private Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Upscalio India Private Limited
Brands and companies operating in the same space as Upscalio India Private Limited include Mensa Brands, THG, TechStyle and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Mensa Brands
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Crafts global health and wellness brands for digital platforms. | Bengaluru, India, India | 2021 |
THG
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Digital consumer brands are acquired and enabled by technology platform. | Manchester, United Kingdom, United Kingdom | 2004 |
TechStyle
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Membership commerce solutions for fashion businesses are provided. | El Segundo, United States, United States | 2010 |
Merama
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Platform acquiring eCommerce businesses | Mexico City, Mexico, Mexico | 2020 |
GlobalBees
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Direct-to-consumer brands are built and scaled through a technology platform. | Delhi, India, India | 2021 |
Una Brands
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E-commerce brands are operated and scaled across Asia. | Singapore, Singapore, Singapore | 2017 |
GOAT Brand Labs
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Investment and scaling of D2C lifestyle brands are facilitated. | Bengaluru, India, India | 2021 |
Evenflow
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E-commerce businesses are acquired and scaled by Evenflow. | Mumbai, India, India | 2021 |
Business Activity of Upscalio India Private Limited
Upscalio India Private Limited is engaged in the principal business activity of support service to organizations, with detailed activities including other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | ********* |
Auditor Details of Upscalio India Private Limited
Upscalio India Private Limited is audited by J.C. Bhalla & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J.C. Bhalla & Co. | blur-value | blur-value | blur-value |
Board of Directors of Upscalio India Private Limited
Upscalio India Private Limited is currently managed by 3 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Nitin Agarwal
Also directs:
Artermis Consumer India Private Limited
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Additional Director | 06 Jul 2021 | 5 Years 0 Months | As last reported |
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Saaim Ismail Khan
Also directs:
Scale Polestar India Private Limited, Scale Accessher India Private Limited, Scale Wink India Private Limited and 4 more
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Additional Director | 29 Sep 2021 | 4 Years 9 Months | As last reported |
|
Gautam Kshatriya
Also directs:
Kshatriya Ventures Llp, Artermis Consumer India Private Limited
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Additional Director | 19 Sep 2021 | 4 Years 9 Months | As last reported |
Financials of Upscalio India Private Limited FY 2023 filings available
Upscalio India Private Limited reported revenue of ₹219.29 Cr (up 185% YoY) for FY 2023. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
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| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
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| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| Exceptional Items | ***** | ***** | ***** | ***** | ***** |
| Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
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| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
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| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
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| Profit | ***** | ***** | ***** | ***** | ***** |
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| Other Equity | ***** | ***** | ***** | ***** | ***** |
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| Total Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Current Liabilities | |||||
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| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
| Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Tangible Assets | ***** | ***** | ***** | ***** | ***** |
| Intangible Assets | ***** | ***** | ***** | ***** | ***** |
| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
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| Current Investments | ***** | ***** | ***** | ***** | ***** |
| Inventories | ***** | ***** | ***** | ***** | ***** |
| Trade Receivables | ***** | ***** | ***** | ***** | ***** |
| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
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| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
| +/- Inventory | ***** | ***** | ***** | ***** | ***** |
| +/- Debtors | ***** | ***** | ***** | ***** | ***** |
| +/- Creditors | ***** | ***** | ***** | ***** | ***** |
| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFO (Cash from Operations) | ***** | ***** | ***** | ***** | ***** |
| Cash from Investing Activities (CFI) | |||||
| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Capex | ***** | ***** | ***** | ***** | ***** |
| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
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| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
| Debt Raised | ***** | ***** | ***** | ***** | ***** |
| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
| Net Cash Position | |||||
| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
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| Liquidity | |||||
| Current Ratio | ***** | ***** | ***** | ***** | ***** |
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| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
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| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
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| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Upscalio India Private Limited
As of FY 2023, Upscalio India Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Group Structure of Upscalio India Private Limited
Upscalio India Private Limited has 8 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Upscalio India Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Scale Polestar India Priva | U19100HR2021PTC097038 |
**.**%
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| Scale Accessher India Private Limited | U24239HR2021PTC096127 |
**.**%
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| Scale Wink India Private Limited | U24290HR2021PTC096124 |
**.**%
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| Scale Luxura India Private Limited | U51100HR2021PTC096326 |
**.**%
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| Aphrodite Consumer India Private Limited | U51100HR2021PTC098040 |
**.**%
|
| Hera Consumer India Private Li | U52601HR2021PTC098158 |
**.**%
|
Showing major subsidiaries. Total: 8.
Charges & Borrowings of Upscalio India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2022 | Others | ₹10 Cr | Open |
| 10 Jun 2022 | Others | ₹15 Cr | Open |
| 31 Mar 2022 | Others | ₹5 Cr | Open |
| 31 Mar 2022 | Others | ₹2 Cr | Open |
| 16 Feb 2022 | Others | ₹25 Cr | Open |
Total charge records: 14 View all charges
Employees and EPFO Compliance at Upscalio India Private Limited
Upscalio India Private Limited has a workforce of 54 employees as of Mar 23, 2024.
Employee Count & EPFO Data of Upscalio India Private Limited
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GST Compliance of Upscalio India Private Limited
GSTIN & GST Filing Data of Upscalio India Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Upscalio India Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Upscalio India Private Limited
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MSME Payment Delays by Upscalio India Private Limited
MSME Payment Delays by Upscalio India Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Upscalio India Private Limited
Subsidiaries & Group Companies of Upscalio India Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Upscalio India Private Limited with ownership details.
MCA Filings & Documents of Upscalio India Private Limited
MCA Filings & Documents of Upscalio India Private Limited
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Recent Activity on Upscalio India Private Limited
Recent News on Upscalio India Private Limited
Frequently Asked Questions about Upscalio India Private Limited
Upscalio India Private Limited 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.
Upscalio India Private Limited is a company under insolvency, formerly operating as a private limited company in the internet sector based in Gurugram, Haryana, India. It was incorporated on 07 June 2021 and is registered under CIN U51100HR2021PTC095460. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Upscalio India Private Limited reported revenue of ₹219.29 Cr for FY 2023 (up 185.00% YoY).
The current directors of Upscalio India Private Limited are:
The CIN (Corporate Identification Number) of Upscalio India Private Limited is U51100HR2021PTC095460. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upscalio India Private Limited has open charges of ₹155 Cr and no satisfied charges on record as per latest MCA filings.