Web18 Software Services Limited
About Web18 Software Services Limited
Data last updated:
Web18 Software Services Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of E-18 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 hosting and related activities segment of the technology and IT services sector. It was incorporated on 10 July 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2006PLC274714. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹49.15 Lakh. It was led by directors including Karanvir Singh Gill and Deepak Gupta.
Its last annual general meeting (AGM) was held on 23 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at First Floor Empire Complex 414 – Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2017, the company reported a revenue of ₹9.44 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹1.36 Lakh (net margin -14.4%) and EBITDA of -₹73,187 (EBITDA margin -7.8%).
The company was associated with 1 brand: Firstpost. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
Company details
CIN history
Web18 Software Services has one previous CIN (Corporate Identification Number): U72200DL2006PLC150812. The current CIN is U72200MH2006PLC274714, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2006PLC274714 | Current |
| U72200DL2006PLC150812 | Previous |
Contact details
Web18 Software Services Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Empire Complex 414 – Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, Hosting And Related Activities, Data Processing
To see the full contact details of Web18 Software Services 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
Web18 Software Services operates one associated brand: Firstpost. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides live news, sports updates, entertainment, and tech coverage online. | firstpost.com |
Business activity
The main business activity of Web18 Software Services 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 Web18 Software Services Limited, buy the company report.
Financials of Web18 Software Services Limited
FY 2017 filings availableWeb18 Software Services Limited reported revenue of ₹9.44 Lakh (down 19% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year. EBITDA rose 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | -₹73,187 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.36 Lakh | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -7.8% | ||
| Net Profit Margin | -14.4% | ||
| 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 Web18 Software Services Limited, buy the company report.
Board of directors of Web18 Software Services Limited
Web18 Software Services has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karanvir Singh Gill Also directs: Infomedia Press Limited, Moneycontrol Dot Com India Limited, Moneycontrol Dot Com India Limited and 1 more | Director | 01 Oct 2015 | 11 Years 0 Months | As last reported |
| Deepak Gupta | Director | 23 Feb 2017 | 9 Years 8 Months | As last reported |
| Sanjiv Kulshreshtha | Director | 09 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Web18 Software Services Limited is audited by Walker Chandiok & Associates for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Associates | FY 2015 |
Shareholding
The shareholding of Web18 Software Services Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Web18 Software Services Limited, buy the company report.
Legal cases
Web18 Software Services Limited has 4 court cases on record: 3 filed by Web18 Software Services, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against Mode Advertising & Marketing Pvt. Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by individuals | Disposed |
| High Court of Delhi | Court case (CCP(CO.)) | Filed by the company against Modes Advertising & Marketing Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Civil suit | Filed by the company against Mode Advertising Matketing Pvt Ltd | Disposed |
To see the full case history of Web18 Software Services 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 Web18 Software Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Web18 Software Services has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Web18 Software Services Limited, buy the company report.
Recent activity
Web18 Software Services Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Deepak Gupta ceased to be Additional Director on 23 Sep 2017.
4 earlier events are in the company report.
News
Frequently asked questions
Web18 Software Services 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.
Web18 Software Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in hosting and related activities, within the information technology industry. It was incorporated on 10 July 2006 and is registered under CIN U72200MH2006PLC274714. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Web18 Software Services was incorporated on 10 July 2006. It is registered with the Registrar of Companies, Mumbai.
Web18 Software Services had 3 directors:
- Karanvir Singh Gill - Director
- Deepak Gupta - Director
- Sanjiv Kulshreshtha - Director
The CIN (Corporate Identification Number) of Web18 Software Services is U72200MH2006PLC274714. 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 Web18 Software Services is at First Floor Empire Complex 414 – Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Web18 Software Services on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 23 September 2017. Year-wise statements from 2015 are in the company report.
No. Web18 Software Services has 2 GST registrations on record and all of them are cancelled or inactive.
Web18 Software Services operated in the information technology industry, in the hosting and related activities segment.
Web18 Software Services has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the high courts.