Arkinnet Software Private Limited
About Arkinnet Software Private Limited
Data last updated:
Arkinnet Software Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Vmware Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 26 April 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2013PTC242550. The company has 1 GST registration on record, which is no longer active.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 formerly known as Vnera Software Private Limited and Mahvash Enterprise Private Limited. It was led by directors including Craig Douglas Norris and Michael Charles Hunter.
Its last annual general meeting (AGM) was held on 22 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.54 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.81 Lakh (net margin 51.1%) and EBITDA of ₹2.29 Lakh (EBITDA margin 64.7%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 48% over five years.
Company details
Name history
Arkinnet Software has undergone 2 name changes throughout its history. The company was previously known as Vnera Software Private Limited, and Mahvash Enterprise Private Limited. The current legal name is Arkinnet Software Private Limited.
| Company Name | Status |
|---|---|
| Arkinnet Software Private Limited | Current |
| Vnera Software Private Limited | Previous |
| Mahvash Enterprise Private Limited | Previous |
CIN history
Arkinnet Software has one previous CIN (Corporate Identification Number): U74120MH2013PTC242550. The current CIN is U72300MH2013PTC242550, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72300MH2013PTC242550 | Current |
| U74120MH2013PTC242550 | Previous |
Contact details
Arkinnet Software Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressNo. A/304 The Capital G – Block Bandra Kurla Complex Behind Icici Bank Plot – C70 Ba, Ndra(East), Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Arkinnet Software 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 Arkinnet Software 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 |
Financials of Arkinnet Software Private Limited
FY 2019 filings availableArkinnet Software Private Limited reported revenue of ₹3.54 Lakh (up 3730% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 48% over five years. EBITDA rose 104% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.54 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.29 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.81 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 | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 64.7% | ||||
| Net Profit Margin | 51.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Arkinnet Software Private Limited, buy the company report.
Board of directors of Arkinnet Software Private Limited
Arkinnet Software has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Craig Douglas Norris | Director | 03 Nov 2017 | 9 Years 0 Months | As last reported |
| Michael Charles Hunter | Director | 23 Jun 2016 | 10 Years 4 Months | As last reported |
| James Andrew Munk | Director | 29 Sep 2016 | 10 Years 1 Months | As last reported |
| Devakumar Ramamoorthy Also directs: Vmware Software India Private Limited | Additional Director | 01 Jun 2020 | 6 Years 5 Months | As last reported |
Auditor
Arkinnet Software Private Limited is audited by JOSHI APTE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JOSHI APTE & CO | FY 2019 | 104370W |
Shareholding
The shareholding of Arkinnet Software Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Arkinnet Software Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Arkinnet Software 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 Arkinnet Software Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Arkinnet Software 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 Arkinnet Software Private Limited, buy the company report.
Recent activity
Arkinnet Software Private Limited has 15 board changes on record since 2013: 4 appointments and 11 cessations. The latest: Bosco Santiago Noronha ceased to be Director on 01 Jun 2020.
6 earlier events are in the company report.
Frequently asked questions
Arkinnet Software 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.
Arkinnet Software was a private limited company based in Mumbai, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 26 April 2013 and is registered under CIN U72300MH2013PTC242550. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Arkinnet Software was incorporated on 26 April 2013. It is registered with the Registrar of Companies, Mumbai.
Arkinnet Software had 4 directors:
- Craig Douglas Norris - Director
- Michael Charles Hunter - Director
- James Andrew Munk - Director
- Devakumar Ramamoorthy - Additional Director
The CIN (Corporate Identification Number) of Arkinnet Software is U72300MH2013PTC242550. 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 Arkinnet Software is at No. A304 The Capital G – Block Bandra Kurla Complex Behind Icici Bank Plot – C70 Ba, NdraEast, Mumbai, Maharashtra, India – 400051.
The latest financial statements of Arkinnet Software on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 22 August 2019. Year-wise statements from 2015 are in the company report.
No. Arkinnet Software has 1 GST registration on record and it is cancelled or inactive.
Arkinnet Software operated in the information technology industry, in the software development and support services segment.
Bosco Santiago Noronha ceased to be Director on 01 Jun 2020. Devakumar Ramamoorthy was appointed as Additional Director on 01 Jun 2020. Craig Douglas Norris ceased to be Additional Director on 28 Nov 2017. Arkinnet Software has 15 board changes on record in total.
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