About New Age Networks Private Limited
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New Age Networks Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 09 August 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1999PTC121209. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Pravin Chandulal Sanghavi and Kapil Pravin Sanghavi.
Its last annual general meeting (AGM) was held on 25 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.82 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.67 Lakh (net margin 97.5%) and EBITDA of ₹5.67 Lakh (EBITDA margin 97.5%). Revenue has grown at a compounded annual rate (CAGR) of 629% over three years and 7% over five years.
The company has 1 deal on record (1 secondary share transfer); the latest was in September 2017.
The last known website on record is newage.co.in.
Company details
Contact details
New Age Networks Private Limited's registered office is in Mumbai, Maharashtra. Its website is newage.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 705/706 Kanara Business Center Behind Everest Garden Laxmi Nagar Ghat, Kopar East, Mumbai, Maharashtra, India – 400075
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of New Age 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
Business activity
The main business activity of New Age Networks is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
Financials of New Age Networks Private Limited
FY 2020 filings availableNew Age Networks Private Limited reported revenue of ₹5.82 Lakh (up 1470% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years. 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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| EBITDA | ₹5.67 Lakh | ||||
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| Net Profit (PAT) | ₹5.67 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 97.5% | ||||
| Net Profit Margin | 97.5% | ||||
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To see the full financial statements and ratios of New Age Networks Private Limited, buy the company report.
Board of directors of New Age Networks Private Limited
New Age Networks has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Chandulal Sanghavi | Director | 09 Aug 1999 | 27 Years 2 Months | As last reported |
| Kapil Pravin Sanghavi Also directs: Growthwell Solutions LLP, Growthwell Consulting LLP | Director | 09 Aug 1999 | 27 Years 2 Months | As last reported |
Auditor
New Age Networks Private Limited is audited by C M & R S ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C M & R S ASSOCIATES | FY 2016 | 119382W |
Shareholding
The shareholding of New Age Networks Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of New Age Networks Private Limited, buy the company report.
Deals & funding
New Age Networks Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: B2B 1K Ventures Seller: an individual |
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 New Age 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 New Age Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
New Age Networks 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 New Age Networks Private Limited, buy the company report.
Recent activity
New Age Networks Private Limited has 2 board changes on record since 1999: 2 appointments. The latest: Kapil Pravin Sanghavi was appointed as Director on 09 Aug 1999.
Frequently asked questions
New Age Networks has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
New Age Networks was a private limited company based in Mumbai, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 09 August 1999 and is registered under CIN U72200MH1999PTC121209. The company has been struck off by the Registrar of Companies and is no longer operational.
New Age Networks had 2 directors:
- Pravin Chandulal Sanghavi - Director
- Kapil Pravin Sanghavi - Director
The CIN (Corporate Identification Number) of New Age Networks is U72200MH1999PTC121209. 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 New Age Networks is at B – 705706 Kanara Business Center Behind Everest Garden Laxmi Nagar Ghat, Kopar East, Mumbai, Maharashtra, India – 400075.
New Age Networks was incorporated on 09 August 1999. It is registered with the Registrar of Companies, Mumbai.
New Age Networks can be reached through the website newage.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of New Age Networks on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 25 November 2020. Year-wise statements from 2015 are in the company report.
No. New Age Networks has 1 GST registration on record and it is cancelled or inactive.
New Age Networks operated in the information technology industry, in the application development and software solutions segment. It worked in this industry before it was struck off.
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