About Virtual Netax Private Limited
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Virtual Netax Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Telexcell Information Systems Ltd. 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 IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 24 May 2007.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2007PTC163904. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹31 Lakh. It was formerly known as Telxl It Options Private Limited and Virtual Netax Solutions Private Limited. It was led by directors including Tarun Lalwani and Raj Kumar Sacheti.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at C – 45 Green Park Main, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2018, the company reported a revenue of ₹7.68 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Lakh (net margin 0.1%) and EBITDA of ₹1.41 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years.
The last known website on record is virtualnetax.com.
Company details
Name history
Virtual Netax has undergone 3 name changes throughout its history. The company was previously known as Telxl It Options Private Limited, Virtual Netax Solutions Private Limited, and Netax Solutions Private Limited. The current legal name is Virtual Netax Private Limited.
| Company Name | Status |
|---|---|
| Virtual Netax Private Limited | Current |
| Telxl It Options Private Limited | Previous |
| Virtual Netax Solutions Private Limited | Previous |
| Netax Solutions Private Limited | Previous |
Contact details
Virtual Netax Private Limited's registered office is in New Delhi, Delhi. Its website is virtualnetax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 45 Green Park Main, New Delhi, Delhi, India – 110016
- IndustryInformation Technology, IT Products Retail & Distribution, IT Consulting & Support Services
To see the full contact details of Virtual Netax 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 Virtual Netax is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Virtual Netax Private Limited, buy the company report.
Financials of Virtual Netax Private Limited
FY 2018 filings availableVirtual Netax Private Limited reported revenue of ₹7.68 Cr (up 36% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over three years, including 36% growth in the latest year. EBITDA fell 38% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹7.68 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.41 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.08 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.2% | |||
| Net Profit Margin | 0.1% | |||
| 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 Virtual Netax Private Limited, buy the company report.
Board of directors of Virtual Netax Private Limited
Virtual Netax has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarun Lalwani | Director | 24 May 2007 | 19 Years 5 Months | As last reported |
| Akshay Bhandula Also directs: Aranyani Luxury LLP | Additional Director | 16 Jan 2017 | 9 Years 9 Months | As last reported |
| Raj Kumar Sacheti | Director | 20 Dec 2016 | 9 Years 10 Months | As last reported |
Auditor
Virtual Netax Private Limited is audited by R CHADHA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R CHADHA & ASSOCIATES | FY 2018 | 004046N |
Shareholding
The shareholding of Virtual Netax Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Virtual Netax Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Virtual Netax 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 Virtual Netax Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virtual Netax 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 Virtual Netax Private Limited, buy the company report.
Recent activity
Virtual Netax Private Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Raj Kumar Sacheti ceased to be Additional Director on 30 Sep 2017.
1 earlier event is in the company report.
Frequently asked questions
Virtual Netax 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.
Virtual Netax was a private limited company based in New Delhi, Delhi, India. The company worked in IT products retail and distribution, within the information technology industry. It was incorporated on 24 May 2007 and is registered under CIN U72300DL2007PTC163904. The company has been struck off by the Registrar of Companies and is no longer operational.
Virtual Netax had 3 directors:
- Tarun Lalwani - Director
- Akshay Bhandula - Additional Director
- Raj Kumar Sacheti - Director
The CIN (Corporate Identification Number) of Virtual Netax is U72300DL2007PTC163904. 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 Virtual Netax is at C – 45 Green Park Main, New Delhi, Delhi, India – 110016.
Virtual Netax was incorporated on 24 May 2007. It is registered with the Registrar of Companies, Delhi.
Virtual Netax can be reached through the website virtualnetax.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Virtual Netax on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Virtual Netax has 1 GST registration on record and it is cancelled or inactive.
Virtual Netax operated in the information technology industry, in the IT products retail and distribution segment. It worked in this industry before it was struck off.
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