Hiveloop E-Commerce Private Limited - Due diligence report

A 360° intelligence report on Udaan: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…

2017-09-27 Bangalore South, Karnataka Active Unlisted Active Compliant
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HE Hiveloop E-Commerce Private Limited
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Udaan — 360° Intelligence Report

Generated from MCA filings & public records
59/100
Trust Score
Moderate

Udaan is assessed as Moderate with a Trust Score of 59/100. Udaan is an active private limited indian non-government company incorporated in 2017, operating in the Transport and Logistics sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Hiveloop E-Commerce Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 20/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).

Charges position: 6 open (265.15 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited1 48.0 cr
Others3 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited1 48.0 cr
Jp Morgan Chase Bank, N.A.1 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 27 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
KAUSHIK MUKHERJEE 01234567 Director 01/04/2018 6 yrs Approved
SUMIT BISWAS 01234567 Director 01/04/2018 6 yrs Approved
KRISHNA MENON VISHNU MENON 01234567 Director 01/04/2018 6 yrs Approved
AJEESH PUTHENPARAMPIL GOPALAKRISHNAPILLAI 01234567 Director 01/04/2018 6 yrs Approved
Naveen Somashekar 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • KAUSHIK MUKHERJEE has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Trustroot Internet Private Limited
Subsidiaries
3
Group entities
4
Capital events
45 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Trustroot Internet Private Limited Holding Company 74.00%
Rapidedge Cash And Carry Private Limited Subsidiary Company 74.00%
Clickfix Cash And Carry Private Limited Subsidiary Company 74.00%
Newloop Logistics Private Limited Subsidiary Company 74.00%
Newloop Apps Private Limited Subsidiary Company 74.00%

Key managerial personnel: AJEESH PUTHENPARAMPIL GOPALAKRISHNAPILLAI (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 director exits within 2 years.
6 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence72/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 265.15 cr already registered.
  • Compliance record supports lending.
Investor view50/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
26 Nov 2025
Last AGM held
Annual general meeting
25 Nov 2025
Director ceased
KRISHNA MENON VISHNU MENON
25 Sep 2025
Charge created
Axis Bank Limited - 100.00 cr
26 Aug 2025
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 50.00 cr
25 Jul 2025
Director appointed
Naveen Somashekar (Company Secretary)
21 Jul 2025
Charge created
Others - 15.00 cr
30 Apr 2025
Charge created
Others - 50.00 cr
18 Apr 2025
Director appointed
KRISHNA MENON VISHNU MENON (Director)
17 Apr 2025
Director ceased
AJEESH PUTHENPARAMPIL GOPALAKRISHNAPILLAI
31 Mar 2025
Latest balance sheet
Filed with ROC
06 Dec 2024
Director appointed
AJEESH PUTHENPARAMPIL GOPALAKRISHNAPILLAI (Whole-time director)
26 Sep 2024
Director ceased
KAUSHIK MUKHERJEE
20 Feb 2024
Director appointed
KAUSHIK MUKHERJEE (Director)
30 Dec 2022
Securities allotted
6452043 Equity Shares - 250.34 cr raised
03 Oct 2022
Securities allotted
399489 Equity Shares - 15.50 cr raised
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); review board churn before relying on management continuity.
27 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 45 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Amns Ports Hazira Limited U13100GJ2004PLC043477 Hazira, Gujarat, India
Indev Group U63012TN1997PTC037389 Chennai, Tamil Nadu, India
Tvslsl L63011TN2004PLC054655 Madurai, Tamil Nadu, India
Adani Logistics Limited U63090GJ2005PLC046419 Ahmedabad, Gujarat, India
Balmer Lawrie & Company L15492WB1924GOI004835 Kolkata, West Bengal, India
Omfreight L43299MH1995PLC089620 Mumbai, Maharashtra, India
Delhivery L63090DL2011PLC221234 New Delhi, Delhi, India
Concor L63011DL1988GOI030915 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Udaan before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Udaan: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Enhanced diligence advised. Credit risk score 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Udaan - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Udaan pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Udaan - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Udaan an active company?

Udaan has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Udaan financially healthy?

Udaan has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Udaan?

Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Udaan?

The ultimate holding entity is Trustroot Internet Private Limited. 5 active director(s) are on record.

Does Udaan have loans or charges against its assets?

6 open charge(s) are registered against its assets.

Is Udaan up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Udaan?

Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.