About Nevis Networks (India) Private Limited
Data last updated:
Nevis Networks (India) Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Ajit Shelat Technologies Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 19 March 2003.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2003PTC017788. Its GSTIN is 27AABCN7163P1ZV (Maharashtra).
The company had an authorised share capital of ₹5.28 Cr and a paid-up capital of ₹30.82 Lakh. It was led by directors including Sunil Madhukar Desai and Radha Shelat.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 3rd Floor Vishwakalyan S.No. 149/3 Off Iti Road Aundh, Pune, Maharashtra, India – 411007.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.14 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹2.06 Cr (net margin -179.9%) and EBITDA of -₹2.39 Cr (EBITDA margin -208.5%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 32% over five years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Nevis Networks. The company has 16 deals on record (10 secondary share transfers, 5 funding rounds, 1 debt financing), with disclosed funding of ₹12.08 Cr; the latest was in December 2018.
The last known website on record is nevisnetworks.com.
Company details
Contact details
Nevis Networks (India) Private Limited's registered office is in Pune, Maharashtra. Its website is nevisnetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Vishwakalyan S.No. 149/3 Off Iti Road Aundh, Pune, Maharashtra, India – 411007
- IndustryInformation Technology, Cloud Computing & Cloud Services
To see the full contact details of Nevis Networks (India) 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
Nevis Networks (India) operates one associated brand: Nevis Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Secure switching and identity-based policy enforcement appliances | nevisnetworks.com |
Business activity
The main business activity of Nevis Networks (India) is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Nevis Networks (India) Private Limited, buy the company report.
Financials of Nevis Networks (India) Private Limited
FY 2020 filings availableNevis Networks (India) Private Limited reported revenue of ₹1.14 Cr (down 84% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 84% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profit and Loss Statement | |||||
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| Total Revenue | ₹1.14 Cr | ||||
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| EBITDA | -₹2.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.06 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -208.5% | ||||
| Net Profit Margin | -179.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nevis Networks (India) Private Limited, buy the company report.
Board of directors of Nevis Networks (India) Private Limited
Nevis Networks (India) has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Madhukar Desai | Director | 25 Oct 2017 | 9 Years 0 Months | As last reported |
| Radha Shelat | Director | 20 Sep 2010 | 16 Years 1 Months | As last reported |
| Neelam Bhagachand Kale | Director | 25 Oct 2017 | 9 Years 0 Months | As last reported |
| Raghunath Sivasubramaniam Iyer Also directs: Ajit Shelat Technologies Private Limited | Director | 01 Sep 2006 | 20 Years 2 Months | As last reported |
Auditor
Nevis Networks (India) Private Limited is audited by C N K & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K & ASSOCIATES LLP | FY 2020 | 101961W |
Shareholding
The shareholding of Nevis Networks (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nevis Networks (India) Private Limited, buy the company report.
Deals & funding
Nevis Networks (India) Private Limited has 16 deals on record (10 secondary share transfers, 5 funding rounds, 1 debt financing), with disclosed funding of ₹12.08 Cr; the latest was in December 2018.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Ajit Shelat Technologies Private Limited Seller: an individual |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ajit Shelat Technologies Private Limited , Aviram Networks Inc |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Aviram Networks Inc Seller: Ajit Shelat Technologies Private Limited |
| Mar 2012 | Funding round | ₹3.95 Cr | Investors: Ajit Shelat Technologies Private Limited , an individual |
To see the full deal history of Nevis Networks (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Nevis Networks (India) 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 Nevis Networks (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nevis Networks (India) Private Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Nevis Networks (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCN7163P1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nevis Networks (India) Private Limited, buy the company report.
Recent activity
Nevis Networks (India) Private Limited has 7 board changes on record since 2006: 4 appointments and 3 cessations. The latest: Neelam Bhagachand Kale was appointed as Director on 25 Oct 2017.
Frequently asked questions
Nevis Networks (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Nevis Networks (India) was a private limited company based in Pune, Maharashtra, India. The company worked in cloud computing and cloud services, within the information technology industry. It was incorporated on 19 March 2003 and is registered under CIN U72200PN2003PTC017788. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Nevis Networks (India) was incorporated on 19 March 2003. It is registered with the Registrar of Companies, Pune.
Nevis Networks (India) had 4 directors:
- Sunil Madhukar Desai - Director
- Radha Shelat - Director
- Neelam Bhagachand Kale - Director
- Raghunath Sivasubramaniam Iyer - Director
The CIN (Corporate Identification Number) of Nevis Networks (India) is U72200PN2003PTC017788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nevis Networks (India) is at 3rd Floor Vishwakalyan S.No. 1493 Off Iti Road Aundh, Pune, Maharashtra, India – 411007.
Nevis Networks (India) can be reached through the website nevisnetworks.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Nevis Networks (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Nevis Networks (India) is 27AABCN7163P1ZV, registered in Maharashtra.
Nevis Networks (India) operated in the information technology industry, in the cloud computing and cloud services segment.
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