COMPANY INTELLIGENCE PROFILE
Swiggy Limited
Swiggy operates one of India's largest on-demand convenience platforms: online food ordering and delivery (core marketplace), quick commerce/instant grocery (Swiggy Instamart), Supr Daily (subscription grocery), Dineout (dining-out/reservations) and logistics (Scootsy).
Business Overview
Swiggy operates one of India's largest on-demand convenience platforms: online food ordering and delivery (core marketplace), quick commerce/instant grocery (Swiggy Instamart), Supr Daily (subscription grocery), Dineout (dining-out/reservations) and logistics (Scootsy). Founded 2013 as Bundl Technologies Private Limited; renamed Swiggy Limited on conversion to a public company ahead of its November 2024 IPO. Headquartered in Bengaluru, Karnataka.
Sector & Classification
Online food ordering/delivery and quick commerce (e-commerce/internet marketplace and logistics). CIN activity prefix 74110. Precise official NIC-2008 code/description: not definitively obtained.
Directors & Key Management
Directors — source notes
CURRENT BOARD (as of ~27 Jul 2026, corrected by all three verifiers for the Apr/Jun-2026 reshuffle): Anand Thirumalachar Kripalu (DIN 00118324) — Chairperson & Independent Director; Shailesh Vishnubhai Haribhakti (00007347) — Independent; Suparna Mitra (07135817) — Independent; Faraz Khalid (01449885) — Independent Director, appt 25 Jul 2025 (5-yr term to 24 Jul 2030); Sri Harsha Majety (06680073) — Co-founder, MD/CEO; Ashutosh Sharma (07825610) — Nominee Director; Renan De Castro Alves Pinto (03118947) — Nominee Director (MIH India Food Holdings B.V./Prosus), effective 11 Apr 2026 [DIN single-sourced to TheCompanyCheck — mildly unverified]; Phani Kishan Addepalli — Co-founder & Chief Growth Officer, Executive Director effective 1 Jun 2026 [DIN not obtained]; Rahul Bothra (08189873) — Group CFO, elevated to Executive Director effective 1 Jun 2026. KMP: Cauveri Sriram — Company Secretary & Compliance Officer w.e.f. 25 Jul 2025 (no director DIN). RECENTLY CEASED: Lakshmi Nandan Reddy Obul / "Nandan Reddy" (06686145) — Co-founder, resigned as Whole-Time Director eff. 10 Apr 2026; Roger Clarks Rabalais (07304038) — Prosus/MIH nominee, resigned ~10/11 Apr 2026 (replaced by Pinto); Sahil Barua (05131571) — ceased 11 Apr 2025 (now Delhivery CEO); Anand Daniel (03441515) — Accel nominee, ceased 25 Jul 2025; Sumer Juneja (08343545) — SoftBank nominee, ceased 25 Jul 2025. All DINs cross-checked against Swiggy's own Aug-2025 statutory register (Register of Directors & KMP) and multiple secondary sources; no invented or conflated DINs found.
GST Registrations
Primary Karnataka GSTIN (registered office): 29AAFCB7707D1ZQ — Karnataka, Status Active, registered 01 Jul 2017, legal/trade name "Swiggy" (confirmed via knowyourgst.com direct fetch). Other confirmed Karnataka (code 29) registrations under same PAN: 29AAFCB7707D1C1 (reg. 29/09/2018), 29AAFCB7707D2ZP (reg. 28/03/2018), 29AAFCB7707D2C0 (reg. 03/08/2019). knowyourgst indicates a large multi-state footprint ("96 GST registrations" claimed). INDICATIVE-ONLY (NOT individually verified — do not cite without checking): Delhi 07AAFCB7707D1ZW/07AAFCB7707D2C6; Maharashtra 27AAFCB7707D1ZU/27AAFCB7707D1C5; Tamil Nadu 33AAFCB7707D1Z1/33AAFCB7707D2CB; Telangana 36AAFCB7707D1ZV/36AAFCB7707D2C5; Gujarat 24AAFCB7707D1Z0/24AAFCB7707D2CA. Full verified state-by-state list with per-registration status: not obtained.
Financials
Basis: CONSOLIDATED preferred (listed group). All ₹ crore, FY ended 31 March. FY2024: Revenue from operations ~11,247 (approx, inferred from FY25 "+35% YoY"); net loss ~−2,350. FY2025: Revenue from operations 15,227 (+35% YoY); total income 15,623; consolidated net loss −3,116.7; total equity/net worth ~10,219–10,220; total assets 15,205; total borrowings 28.23; cash & equivalents 6,695 (as of 31-Mar-2025). FY2026 (latest audited): Revenue from operations 23,053 (+~51% YoY); total income 23,561; consolidated net loss −4,154 (widened as Instamart/quick-commerce expansion weighed on profitability); net worth 18,314; total assets 25,237; borrowings ~100. EBITDA: Swiggy reports "Adjusted EBITDA" (~−740 Cr framing for FY25) which differs from a straight P&L computation (TheCompanyCheck computes FY25 EBITDA ≈ −2,390). CAVEATS: standalone (Tofler, entity-only, materially lower — e.g. FY25 total income ₹8,796.5 Cr, net worth ₹12,009.7 Cr) diverges sharply from consolidated — use consolidated for group performance; primary Swiggy shareholder-letter/results PDFs did not parse, so figures rely on aggregators + news reports of the primary results, NOT direct PDF extraction; no dedicated adversarial verification pass ran on financials. Segment-level audited detail and officially-reported per-FY EBITDA: not obtained.
Funding History
IPO: ~$1.25bn issue, listed November 2024; primary issuance raised to ₹4,499 Cr with the OFS component cut to ~175.1mn shares (Business Standard). Historically VC/PE-funded (Prosus/Naspers, SoftBank, Accel, Tencent, Norwest, DST, Elevation, etc.) across private rounds. Itemized round-by-round private funding history (Series A–J amounts/dates): NOT OBTAINED in this pass.
Loans & Charges
Open (registered) charges — reliable figure: 3 OPEN charges totaling ₹30.0 crore (Tofler): Standard Chartered Bank ₹20.0 Cr (created 25-Jun-2021); Axis Bank Ltd ₹5.0 Cr (29-Apr-2022); HDFC Bank Ltd ₹5.0 Cr (09-Feb-2022) — consistent with bank-guarantee/working-capital security, not term debt. CONFLICT: TheCompanyCheck/other aggregators variously cite "₹130.00 Cr open" and "₹165.25 Cr settled / 8 loans total"; the ₹30 Cr open figure matches Tofler and is treated as reliable, the ₹130 Cr open figure appears to be an aggregator error, and the ₹165.25 Cr settled/8-loan history is unverified against primary charge documents (lender names/dates for satisfied charges not obtained).
Credit Ratings
None found. No public CRISIL/ICRA/CARE/India Ratings rating for Swiggy Limited or its former name Bundl Technologies Pvt Ltd was obtained. ICRA rationales surfaced (id 132329 for Kochar Infotech; id 140636 for Reliance Industries) name Swiggy only as a client — false positives. The company is essentially equity-funded (VC/PE rounds + Nov-2024 IPO) with negligible rated debt, consistent with the small bank-guarantee-type charges above; a public rating most likely does not exist as of Jul-2026. The "Tofler Score = Very Good" is NOT a credit rating.
Legal & Compliance
Competition Commission of India (CCI) antitrust probe (most material): opened 2022 on an NRAI complaint alleging anti-competitive vertical restraints (deep discounting, price parity, exclusivity, platform neutrality). CCI Director-General report (shared with parties Mar-2024; reported Nov-2024) found Zomato and Swiggy breached competition law (Swiggy allegedly guaranteed growth to partners conditional on exclusive listing); documents confidential; final order/penalty NOT OBTAINED. 2025: separate AICPDF predatory-pricing complaint (20-Feb-2025) re quick commerce; NRAI sought interim relief (Jul-2025). Tax demands (disclosed via exchange filings): Income tax assessment ~₹158.25 Cr (AY Apr-2021–Mar-2022; s.37 disallowance of cancellation charges + refund-interest; disclosed ~01-Apr-2025; Swiggy to appeal); GST demand ₹326.7 Cr (Jul-2020–Mar-2022; appeal already filed 2023 — figure secondary-sourced, verify against BSE/NSE PDF); Maharashtra professional-tax notice ₹7.59 Cr (Apr-2021–Mar-2022). Routine consumer-forum matters (e.g. Vaibhav Raj vs Swiggy, Chandigarh, Apr-2023 — ₹10 refund + ₹2,000; Vishal Gupta vs Swiggy, State Commission Chandigarh, Jul-2024) — low materiality. Note: a ~₹750 Cr "unpaid tax" theme in some reports covers Zomato + Swiggy jointly — do not attribute wholly to Swiggy.
Competitive Landscape
Swiggy — food delivery + Instamart quick commerce + dining-out. Key competitors: Eternal / Zomato (rev ~₹12,100 Cr; m-cap ~₹2.5 L Cr); Zepto (GMV ~₹10,000 Cr; ~$5B val); Blinkit (GMV ~₹12,500 Cr (Eternal)); BigBasket (GMV ~₹10,000 Cr (Tata)).
Frequently Asked Questions
What does Swiggy Limited do?
Swiggy operates one of India's largest on-demand convenience platforms: online food ordering and delivery (core marketplace), quick commerce/instant grocery (Swiggy Instamart), Supr Daily (subscription grocery), Dineout (dining-out/reservations) and logistics (Scootsy).
What is the CIN of Swiggy Limited?
Swiggy Limited's Corporate Identification Number (CIN) is U74110KA2013PLC096530.
When was Swiggy Limited incorporated?
Swiggy Limited was incorporated on 26 December 2013 and is registered with RoC-Bangalore (Karnataka).
Who are the directors of Swiggy Limited?
Directors on record include Anand Thirumalachar Kripalu (DIN 00118324); Shailesh Vishnubhai Haribhakti (DIN 00007347); Suparna Mitra (DIN 07135817); Faraz Khalid (DIN 01449885); Sri Harsha Majety (DIN 06680073); Ashutosh Sharma (DIN 07825610); Renan De Castro Alves Pinto (DIN 03118947); Rahul Bothra (DIN 08189873).
Where is Swiggy Limited registered?
The registered office of Swiggy Limited is at CONFLICT (partial). Two addresses appear across sources for the same entity: (1) Sumadhura Capitol Towers, Sy. No. 14 & No. 158, 3rd–6th Floor, Tower I, Pattandur Agrahara Village, K.R. Puram, Bengaluru East, Karnataka 560066 — reported by TheCompanyCheck and, per Verifier 1, the CURRENT registered office following a board-approved shift (BSE announcement 29 Jan 2026, effective 1 April 2026) away from Embassy Tech Village; and (2) No.55, Sy No.8-14, Ground Floor, I&J Block, Embassy Tech Village, Outer Ring Road, Devarabisanahalli, Bengaluru, Karnataka 560103 — printed in Swiggy's own Aug-2025 statutory register and shown by Tofler (now likely the FORMER address). The two adversarial verifiers split on which is current; the 2026 move to Sumadhura is the more temporally-aware read but was not independently closed by a third registry. Treat as unresolved: Sumadhura (560066) likely current post-Apr-2026; Embassy Tech Village (560103) the prior office..
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it. Known gaps: 1) Registered office unresolved (Sumadhura 560066 vs Embassy Tech Village 560103) — verifiers split. 2) Post-IPO promoter/public shareholding split as of 31 Dec 2025 (BSE PDF unparseable). 3) Full verified multi-state GSTIN list with per-registration status (only primary Karnataka GSTIN + 3 others confirmed; rest indicative). 4) Itemized private funding rounds (dates/amounts). 5) Officially-reported per-FY consolidated EBITDA (only adjusted/computed variants); FY2024 consolidated balance-sheet line items; segment-level audited detail. 6) Reconciliation of the ₹165.25 Cr settled / 8-loan charge history and lender names/dates for satisfied charges. 7) Final CCI order and any monetary penalty. 8) Primary-document confirmation of the ₹326.7 Cr GST demand. 9) DINs for Phani Kishan Addepalli; primary-filing confirmation of Renan Pinto's DIN 03118947. 10) Definitive NIC code.