Netsolve Technologies Private Limited
About Netsolve Technologies Private Limited
Data last updated:
Netsolve Technologies Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 12 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72400KA2016PTC086064. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Basavaraj Muragappa Mundaragi and Mahesh Basavaraj Karaddi.
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 #39 Basanagaudra Badavane Kusugal Dharwad, Hubli, Karnataka, India – 580023.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.93 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹3,582 (net margin -0.5%) and EBITDA of -₹3,582 (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 4% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Netsolve Technologies Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#39 Basanagaudra Badavane Kusugal Dharwad, Hubli, Karnataka, India – 580023
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Netsolve Technologies 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
Business activity
The main business activity of Netsolve Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Netsolve Technologies Private Limited, buy the company report.
Financials of Netsolve Technologies Private Limited
FY 2022 filings availableNetsolve Technologies Private Limited reported revenue of ₹6.93 Lakh (down 38% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 131% 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 |
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| EBITDA | -₹3,582 | ||||
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| Net Profit (PAT) | -₹3,582 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -0.5% | ||||
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To see the full financial statements and ratios of Netsolve Technologies Private Limited, buy the company report.
Board of directors of Netsolve Technologies Private Limited
Netsolve Technologies has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basavaraj Muragappa Mundaragi | Director | 12 Feb 2016 | 10 Years 8 Months | Current |
| Mahesh Basavaraj Karaddi | Director | 12 Feb 2016 | 10 Years 8 Months | Current |
| Santoshkumar Channappa Gudasalamani | Director | 12 Feb 2016 | 10 Years 8 Months | Current |
Peer comparison
Netsolve Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amakaa India Private Limited | ₹6.94 Lakh (FY 2024) | 2363.0% | Faridabad, Haryana, India | |||
| Paneri Textiles Pvt Ltd | ₹6.94 Lakh (FY 2019) | -59.0% | Bhilwara, Rajasthan, India | |||
| Qzene Bio Private Limited | ₹6.93 Lakh (FY 2025) | -38.0% | Hyderabad, Telangana, India | |||
| Maa Samalei Electricals Private Limited | ₹6.93 Lakh (FY 2022) | 347.0% | Bhubaneswar, Odisha, India | |||
| Fiamme Clothings Private Limited | ₹6.93 Lakh (FY 2024) | -23.0% | Delhi, India | |||
| Netsolve Technologies Private Limitedthis company | ₹6.93 Lakh (FY 2022) | -₹3,582 | -0.5% | -38.0% | Hubli, Karnataka, India | |
| Salemy Trip Private Limited | ₹6.93 Lakh (FY 2019) | -99.0% | Lucknow, Uttar Pradesh, India | |||
| Aad Corporation Private Limited | ₹6.93 Lakh (FY 2024) | -96.0% | Hyderabad, Telangana, India | |||
| Upstock Exports and Trading Private Limited | ₹6.93 Lakh (FY 2022) | 69298400.0% | Ernakulam, Kerala, India | |||
| Diu Ispat Udyog Private Limited | ₹6.93 Lakh (FY 2024) | 167.0% | Nagpur, Maharashtra, India | |||
| Pawan Putra Housing Private Limited | ₹6.93 Lakh (FY 2025) | -68.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Netsolve Technologies Private Limited, buy the company report.
Auditor
Netsolve Technologies Private Limited is audited by PATIL & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATIL & CO | FY 2017 | 229722 |
Shareholding
The shareholding of Netsolve Technologies Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Netsolve Technologies Private Limited, buy the company report.
Legal cases
Netsolve Technologies Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (Cr Cases) | Filed against the company by Next Education India Pvt. Ltd. | Pending |
To see the full case history of Netsolve Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Netsolve Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Netsolve Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Netsolve Technologies Private Limited, buy the company report.
Recent activity
Netsolve Technologies Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Basavaraj Muragappa Mundaragi was appointed as Director on 12 Feb 2016.
Frequently asked questions
Netsolve Technologies is an active private limited company based in Hubli, Karnataka, India. The company works in other wholesale, within the trading industry. It was incorporated on 12 February 2016 (10+ years old) and is registered under CIN U72400KA2016PTC086064.
Netsolve Technologies has 3 current directors:
- Basavaraj Muragappa Mundaragi - Director
- Mahesh Basavaraj Karaddi - Director
- Santoshkumar Channappa Gudasalamani - Director
The latest financial statements of Netsolve Technologies 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 FY 2016 are in the company report.
No. Netsolve Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Netsolve Technologies is U72400KA2016PTC086064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netsolve Technologies has 1 court case on record: 1 filed against it. 1 is pending.
Netsolve Technologies was incorporated on 12 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Netsolve Technologies by revenue are Amakaa India Private Limited, Paneri Textiles Pvt Ltd, Qzene Bio Private Limited, Maa Samalei Electricals Private Limited, Fiamme Clothings Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Basavaraj Muragappa Mundaragi was appointed as Director on 12 Feb 2016. Mahesh Basavaraj Karaddi was appointed as Director on 12 Feb 2016. Santoshkumar Channappa Gudasalamani was appointed as Director on 12 Feb 2016.
The registered office of Netsolve Technologies is at #39 Basanagaudra Badavane Kusugal Dharwad, Hubli, Karnataka, India – 580023.
Netsolve Technologies operates in the trading industry, in the other wholesale segment.