About Cango Networks Private Limited
Data last updated:
Cango Networks Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the telecom network support segment of the telecommunications sector. It was incorporated on 09 March 2009.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2009PTC070935. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors Atul Prabhakar Kulkarni and Monojit Samaddar.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Old No.3 New No.4 Cheran Street Rani Anna Nagar Arumbakkam, Chennai, Tamil Nadu, India – 600106.
As per the financials filed for FY 2022, the company reported a revenue of ₹22.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.25 Cr (net margin 40.4%) and EBITDA of ₹12.45 Cr (EBITDA margin 54.3%). Revenue has grown at a compounded annual rate (CAGR) of 92% over three years and 91% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CanGo Networks.
The last known website on record is cangonetworks.com.
Company details
Contact details
Cango Networks Private Limited's registered office is in Chennai, Tamil Nadu. Its website is cangonetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOld No.3 New No.4 Cheran Street Rani Anna Nagar Arumbakkam, Chennai, Tamil Nadu, India – 600106
- IndustryTelecom, Telecom Network Support
To see the full contact details of Cango Networks Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Cango Networks operates one associated brand: CanGo Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers big data and analytics solutions for IP and core network optimization. | cangonetworks.com |
Business activity
The main business activity of Cango Networks is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Cango Networks Private Limited, buy the company report.
Financials of Cango Networks Private Limited
FY 2022 filings availableCango Networks Private Limited reported revenue of ₹22.9 Cr (up 595% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 91% over five years, including 595% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹22.9 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.25 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.3% | ||||
| Net Profit Margin | 40.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Cango Networks Private Limited, buy the company report.
Board of directors of Cango Networks Private Limited
Cango Networks has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Prabhakar Kulkarni Also directs: Viavi Solutions India Private Limited | Director | 21 May 2022 | 4 Years 5 Months | As last reported |
| Monojit Samaddar Also directs: Viavi Solutions India Private Limited | Director | 21 May 2022 | 4 Years 5 Months | As last reported |
Auditor
Cango Networks Private Limited is audited by ALLADI KRISHNAN & KUMAR for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ALLADI KRISHNAN & KUMAR | FY 2022 | 209641 |
Shareholding
The shareholding of Cango Networks Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cango Networks Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cango Networks Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cango Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cango Networks Private Limited has a workforce of 53 employees on its EPFO records as of Mar 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2022-23 | 53 |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Cango Networks Private Limited, buy the company report.
GST
Cango Networks has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cango Networks Private Limited, buy the company report.
Recent activity
Cango Networks Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Atul Prabhakar Kulkarni ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Cango Networks is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Cango Networks is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in telecom network support, within the telecom industry. It was incorporated on 09 March 2009 and is registered under CIN U72300TN2009PTC070935. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Cango Networks has 2 current directors:
- Atul Prabhakar Kulkarni - Director
- Monojit Samaddar - Director
The latest financial statements of Cango Networks on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Cango Networks is U72300TN2009PTC070935. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cango Networks was incorporated on 09 March 2009. It is registered with the Registrar of Companies, Chennai.
Atul Prabhakar Kulkarni ceased to be Additional Director on 30 Sep 2022. Monojit Samaddar ceased to be Additional Director on 30 Sep 2022. Atul Prabhakar Kulkarni was appointed as Director on 21 May 2022. Cango Networks has 6 board changes on record in total.
Cango Networks can be reached through the website cangonetworks.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Cango Networks is at Old No.3 New No.4 Cheran Street Rani Anna Nagar Arumbakkam, Chennai, Tamil Nadu, India – 600106.
No. Cango Networks has 2 GST registrations on record and all of them are cancelled or inactive.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
