Simultaneous Geographical Reality Labs Private Limited

Business Overview

Simultaneous Geographical Reality Labs Pvt Ltd is the legal entity behind "Heliware," an AI-powered, no-code 3D geospatial data/GIS platform. Founded 2018 by Rajan Srivastav and Shilpy Shrivastava, headquartered in Gurugram, Haryana, with additional offices in Lucknow, Kolkata, and a US presence (New Jersey). The platform lets developers/enterprises collect, augment, analyze and visualize location-based (vector/raster, drone/satellite) data via a library & API used by a claimed 15,000+ developers. Serves solar energy, construction, logistics, defense, smart cities, retail and agriculture sectors. Claims 1,500+ users, 80+ clients (~90% repeat rate), 100+ completed projects, and says it built India's first comprehensive high-resolution 3D terrain model of the country. (Sources: heliware.co.in official site, WebSearch aggregation of Tracxn/Crunchbase snippets, Entrepreneur.com coverage.)

Sector & Classification

NIC 74999 "Other business activities n.e.c." per MCA classification (Tofler/instafinancials/search aggregators). Actual business classification per Tofler: "Other IT consulting services, Other information & communication service activities." Operates as geospatial/GIS SaaS (brand: Heliware).

Directors & Key Management

Rajan Srivastav — Director, appointed 06 Feb 2018, DIN 07207301 (source: Tofler; single reliable-source confirmation, treat as partial). Shilpy Shrivastava — Director, appointed 06 Feb 2018, DIN 08065639 (source: Tofler; single reliable-source confirmation, treat as partial). Both directors/founders also confirmed (without DINs) by TheCompanyCheck and instafinancials — name-level match across 3 sources; DIN-level match only 1 source, so DINs are "partial" not "confirmed." Baldev Kumar Garg appears as a third director/early shareholder in some aggregator snippets (instafinancials-derived search result) but was NOT listed as a current director by Tofler or TheCompanyCheck — likely a past/resigned director; flagged as a source conflict, not included as a current director.

GST Registrations

Primary GSTIN reported: 07AAZCS8064J1ZE (PAN AAZCS8064J), state code 07 = Delhi — sourced from a single WebSearch aggregation (likely zaubacorp/instafinancials-derived snippet, not independently fetched from a permitted GSTIN-detail source in this pass). This is a Delhi-state GSTIN despite the company's current registered office being in Haryana (GST state code 06) — plausible given the company was originally incorporated in Delhi (previous CIN) before shifting to Haryana, and may retain/have retained a Delhi GST registration from that period, or may indicate a second (Haryana) GSTIN exists that was not found. Status, number of registrations, and a Haryana-state GSTIN could NOT be confirmed via knowyourgst.com/findgst.in/mastersindia.co individual pages in this pass (those pages returned only tool descriptions, not live data). Overall: partial / not obtained for state-confirmed status.

Financials

Source conflict flagged — figures vary meaningfully between sources and should be treated as partial/indicative only, standalone (per Tofler balance-sheet toggle):

- TheCompanyCheck: FY2024-25 revenue ₹7.43 Cr (49% YoY growth); EBITDA/PAT locked (premium).

- Tofler: FY ending 31 Mar 2024 operating revenue banded "₹1 Cr – 100 Cr"; YoY total revenue growth 94.91%; net worth +2.75%; assets +25.07%; gross margin 13.45%, operating margin 14.04%, net margin 15.36% (detailed absolute figures paywalled).

- Tracxn (used only for cross-reference, per sourcing rules Tracxn is restricted to funding-round names — financial figures here are NOT treated as confirmed): showed FY24-25 "revenue <₹10 Cr," 1-yr revenue CAGR 49%, EBITDA CAGR 37%, employee count 35 (Jun 2025), and historical revenue figures (₹61.9L / ₹92.4L / ₹64.6L for FY23,24,25 respectively per its "thousands" labeling, which appears internally inconsistent).

No audited PAT, net worth absolute value, or borrowings absolute figure could be confirmed with 2 independent sources — mark those as not obtained.

Funding History

Brand "Heliware" (same legal entity) has raised multiple rounds, total reported ~$2.92M / ~9 rounds per Tracxn (round names per sourcing rule):

- Pre-Series A: ₹7 Crore, co-led by JITO Angel Network, with TiE, Amit Engineers, JITO Incubation & Innovation Foundation participating (Entrepreneur.com, SiliconIndia, TheSaaSNews — 3 sources agree on ₹7 Cr figure and lead investor).

- A separate/earlier pre-Series A of ₹4 Crore led by JIIF (Jharkhand/JITO Incubation & Innovation Foundation) is also reported by IndianStartupNews/MarcaMoney — likely the same or an adjacent tranche to the ₹7 Cr round; exact sequencing unclear (flag as conflict/possible duplicate reporting).

- Most recent: ₹4.5 Crore bridge/Pre-Series A round, Feb 2026, led by Inflection Point Ventures (per Tracxn cross-reference and startupnews.fyi).

Angel investors reportedly include Baldev Kumar Garg, Vishakha Goel, Nirmal Datt (per Tracxn-derived shareholding data — used cautiously since Tracxn is meant only for round names; treat these specific names as partial/unconfirmed pending a second source).

Shareholding

Not independently confirmed from a permitted source. A Tracxn-derived snippet indicated an approximate split of Founders 27.80%, Angels 38.63%, Enterprises 2.84%, Other People 26.34%, ESOP Pool 4.39% (net worth references dated Oct 2022) — per task rules Tracxn is restricted to funding-round names only, so this shareholding breakdown is NOT treated as confirmed and is reported here for context only; mark as not obtained/unconfirmed for the profile proper.

Loans & Charges

Two charges corroborated across two independent sources (Tracxn cross-reference and TheCompanyCheck):

- Open/active charge: ₹1 Crore, registered 07 Jul 2025 (lender reported as "ICICI Bank Limited" by one source, "Others" by another — lender identity is a conflict, amount and date agree).

- Satisfied/closed charge: ₹1 Crore (TheCompanyCheck: satisfied 19 Nov 2024; Tracxn cross-reference: shows Punjab & Sind Bank, closed 17 Aug 2023 — date and lender conflict between sources, only the ₹1 Cr amount and "closed/satisfied" status agree).

Given the conflicts, charge amounts (₹1 Cr each) are reasonably confirmed but lender names and exact dates are partial/conflicting.

Related Parties

Company operates under the consumer/market brand name "Heliware" (same legal entity, not a separate group company). No separate holding company, subsidiary, or group-entity structure was found in available sources. Founders Rajan Srivastav and Shilpy Shrivastava also appear to hold personal shareholding (per Tracxn cross-reference, unconfirmed independently). No related-party transactions disclosed in any accessible source — not obtained.

Credit Ratings

Not obtained. No CRISIL, ICRA, or CARE rating found for this company in web search — expected for an early-stage/seed-funded startup of this size; no rating agency records located.

Legal & Compliance

Not obtained. No Indian Kanoon case records or other litigation/legal disclosures found for "Simultaneous Geographical Reality Labs Private Limited" or "Heliware" in searches performed.

Competitive Landscape

1. MapmyIndia (CE Info Systems) — large, listed (NSE-listed), dominant in consumer/automotive mapping & location intelligence — much larger scale.

2. Genesys International — listed, large-scale 3D digital twin / HD mapping / LiDAR engineering leader — larger scale, established player.

3. SatSure — funded Series-B+ Indian geospatial-analytics/agri-fintech startup — comparable/larger funded-startup scale.

4. Hexagon (Hexagon Geosystems/Geospatial) — large global MNC in geospatial/digital-reality solutions — much larger scale (global enterprise).

(Source: WebSearch aggregation citing Tracxn's "Heliware" competitor list plus independent confirmation of MapmyIndia/Genesys market positioning from smartkarma.com and thinkwithniche.com coverage.)

Frequently Asked Questions