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63IDEAS INFOLABS PRIVATE LIMITED

Active
Updated: 30 Oct 2024

The company operates as an online business-to-business platform that connects farmers, manufactures, and brands to retailers directly through the lean and connected supply chain.

63Ideas Infolabs Private Limited, is an unlisted private company incorporated on 02 July, 2015. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 1.54 cr and the total paid-up capital is INR 95.86 lac.

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Industry

Trading
Products
  • Supply chain, Data Science, FMCG, and Food, Agri-tech
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
73.68%
₹ 2,002.6
EBITDA
-
₹ -310.6
Net Profit
-
₹ -256.3
Networth
-29.72%
₹ 572.4
Borrowings
143.35%
₹ 218.8
Assets
-7.97%
₹ 938.0
Gross Margin
-1.75
4.0 %
Operating Margin
16.0
-15.5 %
Net Profit Margin
14.54
-12.3 %
Return on Equity
-4.8
-44.8 %
ROCE
-9.18
-53.6 %
Debt to Equity
0.27
0.4
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (72)
State Type Address

location icon Locations on Map

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Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • RECEIVABLES DETERIORATING
  • LOW ROCE
Low Risk
  • LOW INVENTORY
  • GROSS MARGINS DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 468.9 747.6 921.3 1,153.1 2,002.6
Operating profit -531.0 -1,002.6 -300.4 -363.4 -310.6
Net profit -537.2 -1,021.0 -306.9 -325.7 -256.3
Gross margin -3.0 10.2 5.4 5.7 4.0
Operating margin -113.2 -134.1 -32.6 -31.5 -15.5
Net margin -105.7 -132.7 -32.5 -26.9 -12.3
Networth -1,580.8 371.4 1,150.3 814.4 572.4
Borrowings 2,058.2 5.1 70.0 89.9 218.8
Assets 594.8 502.4 1,307.6 1,019.2 938.0
Debt to equity -1.3 0.0 0.1 0.1 0.4
Current ratio 6.8 5.2 13.3 7.7 3.1
ROE - -274.9 -26.7 -40.0 -44.8
Days payable 22.0 23.0 12.0 13.0 10.0
WC days 326.0 168.0 356.0 271.0 105.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital - 0.8 1.0 1.0 1.0
Reserves -1,580.8 370.6 1,149.3 813.4 571.4
Borrowings + 2,058.2 5.1 70.0 89.9 218.8
Long term borrowings 2,058.2 5.1 70.0 70.0 70.0
Short term borrowings - - - 19.9 148.8
Trade payables + 28.9 43.1 28.2 39.8 50.5
Days payable 22.0 23.0 12.0 13.0 10.0
Other liabilities + 117.4 125.9 87.3 115.0 146.8
Other non-current liabilities 45.5 43.6 14.6 6.6 27.1
Other current liabilities 43.1 39.2 44.5 68.5 69.2
Total liabilities 594.8 502.4 1,307.6 1,019.2 938.0
Fixed Assets + 38.5 25.7 14.6 10.4 33.0
Tangible assets 35.1 23.4 13.1 9.3 5.6
CWIP - - - - 15.2
Intangible assets 3.4 2.3 1.5 1.1 12.3
LT loans and advances 19.0 5.9 4.5 4.2 3.8
Other non-current assets 47.1 44.1 317.5 21.7 57.5
Current assets + 490.2 426.7 971.0 982.9 843.7
Inventories 4.9 6.3 6.9 4.7 11.9
Trade receivables 0.9 0.8 6.3 55.0 221.9
Cash and cash equivalents 10.8 8.8 238.2 2.0 63.7
ST loans and advances 14.4 33.8 7.5 54.5 54.1
Other current assets 459.3 376.9 712.2 866.6 492.1
Total assets 594.8 502.4 1,307.6 1,019.2 938.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 468.9 747.6 921.3 1,153.1 2,002.6
Sales growth % 250.88 59.44 23.24 25.15 73.68
Expenses + 1,045.6 1,790.4 1,251.9 1,538.2 2,337.5
Cost of goods 483.2 671.4 871.9 1,087.4 1,923.5
Employee cost 195.3 161.1 160.6 246.8 237.6
Other costs 321.4 917.8 189.4 182.3 152.2
Operating profit + -531.0 -1,002.6 -300.4 -363.4 -310.6
Operating margin % -113.2 -134.1 -32.6 -31.5 -15.5
Other income 39.5 21.8 23.6 59.4 78.5
Interest 14.0 9.8 4.0 1.1 9.1
Depreciation 31.8 30.3 26.1 20.6 15.1
Exceptional items - - - - -
Profit before tax -537.2 -1,021.0 -306.9 -325.7 -256.3
Tax - - - - -
Profit - disc. ops - - - - -
Net profit -537.2 -1,021.0 -306.9 -325.7 -256.3
Net margin % -105.7 -132.7 -32.5 -26.9 -12.3
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -1.3 0.0 0.1 0.1 0.4
Net Debt/Equity -1.3 0.0 0.0 0.1 0.3
Total Debt/Assets 3.5 0.0 0.1 0.1 0.2
Total Assets/Equity -0.4 1.4 1.1 1.2 1.6
Liquidity +
Current Ratio 6.8 5.2 13.3 7.7 3.1
Quick Ratio 6.7 5.1 13.2 7.6 3.1
Interest Coverage -38.0 -101.9 -75.0 -326.0 -34.3
Performance
Gross Margin -3.0 10.2 5.4 5.7 4.0
Operating Margin -113.2 -134.1 -32.6 -31.5 -15.5
Net Margin -105.7 -132.7 -32.5 -26.9 -12.3
Return +
Return on Equity - -274.9 -26.7 -40.0 -44.8
Pre-tax ROCE -123.2 -279.2 -35.8 -44.4 -53.6
Return on Assets -90.3 -203.2 -23.5 -31.9 -27.3
Pre-tax ROIC -120.6 -278.1 -28.4 -42.6 -44.8
Efficiency +
Days Payable 22.0 23.0 12.0 13.0 10.0
Days Inventory 4.0 3.0 3.0 2.0 2.0
Days Receivable 1.0 0.0 2.0 17.0 40.0
Fixed Asset Turnover 12.2 29.1 63.2 111.1 60.6
Total Asset Turnover 0.8 1.5 0.7 1.1 2.1
Working Capital
Cash Conversion Cycle -17.0 -20.0 -7.0 6.0 32.0
Working Capital Days 326.0 168.0 356.0 271.0 105.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Standard Chartered Bank

No. of Loans: 1

Total Amount : 125.0 cr

2

ICICI Bank Limited

No. of Loans: 1

Total Amount : 90.0 cr

3

CitiBank N.A.

No. of Loans: 1

Total Amount : 80.0 cr

4

Yes Bank Limited

No. of Loans: 1

Total Amount : 36.0 cr

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Charges

Standard Chartered Bank
ICICI Bank Limited
CitiBank N.A.
Yes Bank Limited

People

Designation Name DIN/PAN Tenure
Director Raghunandan Gangappa
Shareholder
03356963 6 years
Director Karandipalayam Kandasamy Kartheeswaran
Shareholder
07201869 10 years
Director Chinnathambi Vasudevan
Shareholder
07201941 3 years
Nominee Director Leigh Douglas Hopkins 09002888 4 years
Director Harish Swaminathan 09040061 2 years
Director Hemant Gundopant Badri 09366283 1 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
RISHIRA INFOLABS PRIVATE LIMITED
Active
1.0 L 1 Karnataka
ZOLVE INNOVATIONS PRIVATE LIMITED
Active
1.0 L 1 Karnataka
NINJACART PRIVATE LIMITED
Active
1.0 L 2 Karnataka
NINJACART SERVICES PRIVATE LIMITED
Active
1.0 L 2 Karnataka
PHONEPE PRIVATE LIMITED
Active
44.3 Cr 1 Karnataka
KAMG KISAAN UTPADAK PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
SHADOWFAX TECHNOLOGIES PRIVATE LIMITED
Active
249.3 Cr 1 Karnataka
INSTAKART SERVICES PRIVATE LIMITED
Active
1,884.0 Cr 1 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
NINJACART PRIVATE LIMITED Karnataka 2019 ₹ 1.0 L
NINJACART SERVICES PRIVATE LIMITED Karnataka 2021 ₹ 1.0 L
AGNET FINANCE PRIVATE LIMITED India - -

Registered Details

CIN

U51100KA2015PTC081330

PAN

AAACZ8597L

Incorporation

2015, 9.8 years

Company Email

legal@ninjacart.com

Paid up Capital

₹ 95.9 L

Authorised Capital

₹ 1.5 Cr

AGM

Sep 2024

Type

Private
Non-government Company

FAQ - 63IDEAS INFOLABS PRIVATE LIMITED

What is the incorporation date of 63IDEAS INFOLABS PRIVATE LIMITED?

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The incorporation date of 63IDEAS INFOLABS PRIVATE LIMITED is 02 July, 2015

What is the authorized share capital of 63IDEAS INFOLABS PRIVATE LIMITED?

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The authorized share capital of 63IDEAS INFOLABS PRIVATE LIMITED is INR ₹ 1.5 Cr.

What is the paid-up capital of 63IDEAS INFOLABS PRIVATE LIMITED?

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The paid-up capital of 63IDEAS INFOLABS PRIVATE LIMITED is INR ₹ 95.9 L.

What is the registered address of 63IDEAS INFOLABS PRIVATE LIMITED?

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The registered address of 63IDEAS INFOLABS PRIVATE LIMITED is Indiqube Helios Business Park Tower-E Second floor Chandana, Kadubeesanahalli Panathur Bangalore South Bangalore Karnataka - 560103

What is the CIN number of 63IDEAS INFOLABS PRIVATE LIMITED?

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The CIN number of 63IDEAS INFOLABS PRIVATE LIMITED is U51100KA2015PTC081330.

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