COMPANY INTELLIGENCE PROFILE
Bizinbiz Technologies Private Limited
Bizinbiz Technologies Pvt Ltd, operating as Elchemy, is a Delhi-registered, Mumbai-based tech-powered cross-border B2B marketplace connecting Indian specialty-chemical manufacturers with global buyers, shipping to 13+ countries.
Bizinbiz Technologies Pvt Ltd, known as Elchemy, is a tech-driven B2B marketplace based in Mumbai that connects Indian and Southeast Asian specialty-chemical manufacturers with buyers worldwide, focusing on the US market. The company, recognized as a DPIIT-startup, was founded in 2021 by Hardik Seth and Shobhit Jain. Its FY2024-25 revenue was approximately Rs. 44.08 crore, with a net profit margin of 4.31% and a return on equity of 25.99%.
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Business Overview
- Bizinbiz Technologies Pvt Ltd runs the brand "Elchemy" — a technology-driven cross-border B2B marketplace and distribution platform that connects Indian, and Southeast Asian, specialty-chemical manufacturers with international buyers, with a strong focus on the US market.
- It offers end-to-end sourcing, quality management, real-time shipment tracking and automated export documentation, shipping cargo to 13+ countries.
- Founded in 2021 by Hardik Seth and Shobhit Jain
- Headquartered operationally in Mumbai, registered in Delhi. DPIIT-recognised startup.
Sector & Classification
NIC 24290 — Manufacture of other chemical products n.e.c. (per CIN). Operationally a B2B specialty-chemicals distribution / cross-border marketplace, not a manufacturer.
Directors & Key Management
Directors — source notes
Hardik Seth — DIN 09218840 (Director & shareholder, appointed 28 Jun 2021; co-founder/CEO). Shobhit Jain — DIN 09218841 (Director & shareholder, appointed 28 Jun 2021; co-founder). Source: Tofler (DINs); TheCompanyCheck / Vakilsearch (names). Both DINs confirmed by Tofler.
GST Registrations
Primary GSTIN: 07AAJCB9425C1ZR (Delhi — home state). Second: 27AAJCB9425C1ZP (Maharashtra). Number of registrations: 2. PAN: AAJCB9425C. Status: presumed Active (individual GSTIN status page not obtained; source: search aggregation of Vakilsearch/company directories). Home state: Delhi.
Financials
Bizinbiz Technologies Private Limited reported standalone revenue of approximately Rs. 44.08 Cr for FY2024-25, reflecting a 19.77-20% YoY growth. The net profit margin stood at 4.31%, with an estimated PAT of about Rs. 1.9 Cr. Return on Equity was 25.99% and net worth increased by approximately 418% YoY. Borrowings were around Rs. 6.8 Cr.
AI-generated, may contain errors.
- FY2024-25, standalone, unaudited figures from aggregators; audited PDF not obtained: Total revenue approx Rs. 44.08 Cr, TheCompanyCheck, consistent with Tofler's Rs. 25-50 Cr band
- Revenue growth approx 19.77-20% YoY.
- Net profit margin 4.31% and Return on Equity 25.99% (Tofler ratios) imply PAT of roughly Rs.
- 1.9 Cr, DERIVED, treat as estimate — not a reported figure.
- Net worth grew approx 418% YoY (Tofler).
- EBITDA, exact PAT and net worth: not obtained, locked behind premium.
- Borrowings approx Rs.
- 6.8 Cr across three banks
- Open charges Rs. 14.04 Cr. Standalone basis
- Consolidated, incl. Elchemy Inc., not obtained.
Funding History
- Total disclosed approx $7.6M. Seed round ~$2M led by Info Edge Ventures (2022). Series A $5.6M led by Prime Venture Partners with participation from existing backer Info Edge Ventures
- Earmarked for US footprint expansion, tech leadership hires and supply-chain visibility / quality-management tech. Sources: Inc42, Tracxn, round names only.
Loans & Charges
- Open/registered charges total approx Rs. 14.04 Cr, TheCompanyCheck. Borrowings approx Rs. 6.8 Cr across three lenders: Kotak Mahindra Bank, HSBC, and IndusInd Bank (Tofler). Individual charge-instrument amounts and dates: not obtained.
Competitive Landscape
- Scimplify, specialty-chemicals B2B, raised ~$54M — larger scale
- Mstack, cross-border specialty chemicals, well-funded
- Atomgrid, chemicals B2B, early-mid stage
- Covvalent, specialty chemicals platform, early stage
- Distiland, chemicals marketplace, early stage
- OfBusiness — chemicals vertical, much larger, unicorn-scale. Peer set per Tracxn/Entrackr competitive-landscape listings.
Frequently Asked Questions
What does Bizinbiz Technologies Pvt Ltd do?
Bizinbiz Technologies Pvt Ltd, operating as Elchemy, is a tech-powered cross-border B2B marketplace that connects Indian specialty-chemical manufacturers with global buyers. The company is based in Mumbai and ships to 13+ countries.
What is the CIN of Bizinbiz Technologies Pvt Ltd?
The CIN of Bizinbiz Technologies Pvt Ltd is U24290DL2021PTC382855.
What is the GSTIN of Bizinbiz Technologies Pvt Ltd?
The primary GSTIN for Bizinbiz Technologies Pvt Ltd is 07AAJCB9425C1ZR for Delhi. The second GSTIN is 27AAJCB9425C1ZP for Maharashtra.
When was Bizinbiz Technologies Pvt Ltd incorporated?
Bizinbiz Technologies Pvt Ltd was incorporated in the year 2021.
Where is the registered office of Bizinbiz Technologies Pvt Ltd located?
The registered office of Bizinbiz Technologies Pvt Ltd is located at 3/8, Second Floor, Asaf Ali Road, Above Dabur India Ltd, Darya Ganj, Central Delhi, New Delhi, Delhi, India, 110002.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.