About Ready Networks India Private Limited
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Ready Networks India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020FTC132860. Its GSTIN is 29AAKCR1005P1Z1 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Saleem I Barhoumeh (Managing Director) and Nagesh Prabhuswamy.
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 No 135 First Floor 7th Main Road 4th Block Jayanagar, Bengaluru, Karnataka, India – 560011.
As per the financials filed for FY 2022, the company reported a revenue of ₹5.78 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹62.16 Lakh (net margin 10.8%) and EBITDA of ₹89.7 Lakh (EBITDA margin 15.5%).
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ReadyNetworks. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
For more details, the company can be reached via its website readynetworks.com.
Company details
Contact details
Ready Networks India Private Limited's registered office is in Bengaluru, Karnataka. Its website is readynetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 135 First Floor 7th Main Road 4th Block Jayanagar, Bengaluru, Karnataka, India – 560011
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Ready 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
Ready Networks India operates one associated brand: ReadyNetworks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers multi-cloud solutions, IT consulting, and managed services for business productivity. | readynetworks.com |
Business activity
The main business activity of Ready Networks India 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 Ready Networks India Private Limited, buy the company report.
Financials of Ready Networks India Private Limited
FY 2022 filings availableReady Networks India Private Limited reported revenue of ₹5.78 Cr (up 174% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 174% in the latest year. EBITDA rose 176% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹5.78 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
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| Total Expenses | |||
| EBITDA | ₹89.7 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹62.16 Lakh | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 15.5% | ||
| Net Profit Margin | 10.8% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Ready Networks India Private Limited, buy the company report.
Board of directors of Ready Networks India Private Limited
Ready Networks India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saleem I Barhoumeh | Managing Director | 19 Feb 2020 | 6 Years 8 Months | Current |
| Nagesh Prabhuswamy | Director | 19 Feb 2020 | 6 Years 8 Months | Current |
| Karthik Tangaraj | Director | 19 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Ready Networks India Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reveille Technologies Private Limited | ₹5.79 Cr (FY 2024) | -14.0% | Chennai, Tamil Nadu, India | |||
| Bob Tech Solutions Private Limited | ₹5.79 Cr (FY 2018) | -49.0% | Bangalore, Karnataka, India | |||
| Energetic Info Solutions Private Limited | ₹5.79 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Ready Networks India Private Limitedthis company | ₹5.78 Cr (FY 2022) | ₹62.16 Lakh | 10.8% | 174.0% | 62 | Bengaluru, Karnataka, India |
| Hapana India Private Limited | ₹5.78 Cr (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Software Workshop Technologies Private Limited | ₹5.78 Cr (FY 2024) | 16.0% | Mumbai, Maharashtra, India | |||
| Whitestone Software Solutions Private Limited | ₹5.77 Cr (FY 2025) | 67.0% | Nallampalli, Tamil Nadu, India | |||
| Growthpal Technologies Private Limited | ₹5.77 Cr (FY 2024) | 21.0% | Pune, Maharashtra, India |
To see the full peer comparison of Ready Networks India Private Limited, buy the company report.
Auditor
Ready Networks India Private Limited is audited by SHASTRI & MALIMUTT for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHASTRI & MALIMUTT | FY 2022 | 013350S |
Shareholding
The shareholding of Ready Networks India Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ready Networks India Private Limited, buy the company report.
Legal cases
Ready Networks India 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 |
|---|---|---|---|
| NCLT | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Bengaluru | Company petition | Filed against the company by an individual | Pending |
To see the full case history of Ready Networks India 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 Ready Networks India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ready Networks India Private Limited has a workforce of 62 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ready Networks India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCR1005P1Z1 | Karnataka | Active | 03 Aug 2020 |
To see the full GST registrations and return filing status of Ready Networks India Private Limited, buy the company report.
Recent activity
Ready Networks India Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Gopalakrishna Pillai Padmakumar was appointed as Comp. Inc. Oi As Promoter on 19 Feb 2020.
Frequently asked questions
Ready Networks India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 February 2020 (6+ years old) and is registered under CIN U72900KA2020FTC132860.
Ready Networks India has 3 current directors:
- Saleem I Barhoumeh - Managing Director
- Nagesh Prabhuswamy - Director
- Karthik Tangaraj - Director
The latest financial statements of Ready Networks India 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 2020 are in the company report.
The GSTIN of Ready Networks India is 29AAKCR1005P1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Ready Networks India is U72900KA2020FTC132860. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ready Networks India has 1 court case on record: 1 filed against it. 1 is pending.
Ready Networks India was incorporated on 19 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ready Networks India by revenue are Reveille Technologies Private Limited, Bob Tech Solutions Private Limited, Energetic Info Solutions Private Limited, Hapana India Private Limited, Software Workshop Technologies Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Gopalakrishna Pillai Padmakumar was appointed as Comp. Inc. Oi As Promoter on 19 Feb 2020. Karthik Tangaraj was appointed as Director on 19 Feb 2020. Nagesh Prabhuswamy was appointed as Director on 19 Feb 2020. Ready Networks India has 4 board changes on record in total.
Ready Networks India can be reached through the website readynetworks.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Ready Networks India is at No 135 First Floor 7th Main Road 4th Block Jayanagar, Bengaluru, Karnataka, India – 560011.