MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0111041
Blazenet Limited - telecom in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹66.08 Cr
▲ 12% YoY
Net profit · FY 2025
₹1.17 Cr
Net margin 1.8%
EBITDA · FY 2025
₹4.32 Cr
EBITDA margin 6.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹60.01 Lakh
Issued & subscribed
Open charges
₹7.12 Cr
Satisfied ₹1.2 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
71
Provident fund records
About Blazenet Limited
Data last updated:
Blazenet Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 27 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U30009GJ1998PLC035037. Its GSTIN is 24AAACB8732B1Z6 (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹60.01 Lakh. It was formerly known as Blazenet Private Limited. It is led by directors including Sheetal Sharad Varia and Sejal Parthesh Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.08 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Cr (net margin 1.8%) and EBITDA of ₹4.32 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 8% over five years.
The company has about 71 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: BlazeNet. As per MCA filings, the company has open charges of ₹7.12 Cr and satisfied charges of ₹1.2 Cr on record. Court records list 7 cases involving the company, including 7 filed against it; 2 cases are pending.
Blazenet Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0111041). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blazenet.biz.
Company details
CIN U30009GJ1998PLC035037
Registration Number 035037
Incorporation Date 27 November 1998
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0111041
Recognitions & Rankings of Blazenet
Contact details
Blazenet Limited's registered office is in Ahmedabad, Gujarat. Its website is blazenet.biz. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address403 – 404 Sarita Complex Near Samudra Complex Off. C.G. Road Na, Vrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Blazenet Limited, buy the company report.
Comprehensive company report
Blazenet Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Blazenet operates one associated brand: BlazeNet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Internet service provision, including leased lines and network solutions in India. | blazenet.biz |
Business activity
The main business activity of Blazenet is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Blazenet Limited, buy the company report.
Financials of Blazenet Limited
FY 2025 filings availableBlazenet Limited reported revenue of ₹66.08 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹66.08 Cr ▲ 12%
Net profit · FY 2025
₹1.17 Cr margin 1.8%
EBITDA · FY 2025
₹4.32 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 14%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 4%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 12% growth in the latest year. EBITDA fell 14% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.17 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Blazenet Limited, buy the company report.
Board of directors of Blazenet Limited
Blazenet has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetal Sharad Varia Also directs: Vertexone Networks Private Limited, Blazenet Technologies Limited | Director | 28 Nov 1998 | 27 Years 10 Months | Current |
| Sejal Parthesh Patel Also directs: Blazenet Technologies Limited | Director | 27 Feb 2014 | 12 Years 7 Months | Current |
| Sharad Varia Also directs: Vertexone Networks Private Limited, Blazenet Technologies Limited | Director | 28 Nov 1998 | 27 Years 10 Months | Current |
Peer comparison
Blazenet Limited is compared with the 3 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indinet Service Private Limited | ₹69.22 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Blazenet Limitedthis company | ₹66.08 Cr (FY 2025) | ₹1.17 Cr | 1.8% | 12.0% | 71 | Ahmedabad, Gujarat, India |
| D-Vois SSV Broadband Private Limited | ₹62.12 Cr (FY 2020) | 3.0% | Thane, Maharashtra, India | |||
| M2m Cybernetics Private Limited | ₹61.84 Cr (FY 2024) | 76.0% | Delhi, India |
To see the full peer comparison of Blazenet Limited, buy the company report.
Auditor
Blazenet Limited is audited by S J T AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S J T AND CO | FY 2023 | 133264W |
Shareholding
The shareholding of Blazenet Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Blazenet Limited, buy the company report.
Charges & borrowings
Open charges
₹7.12 Cr
Satisfied charges
₹1.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2025 | 101186909 | Hdfc Bank Limited | ₹16.5 Lakh | Open | |
| 19 Sep 2025 | 101157979 | Hdfc Bank Limited | ₹16.25 Lakh | Open | |
| 09 Sep 2025 | 101186167 | Hdfc Bank Limited | ₹35.45 Lakh | Open | |
| 19 Jul 2025 | 101130316 | Hdfc Bank Limited | ₹1 Cr | Open | |
| 31 Oct 2023 | 100812813 | Others | ₹5.03 Cr | Open |
To see the full charge records of Blazenet Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Blazenet Limited has 7 court cases on record: 7 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed against the company
7
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by State Government | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Disposed |
| Madras High Court | Writ petition | Filed against the company | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Vantage Advertising Limited | Disposed |
To see the full case history of Blazenet 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 Blazenet Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Blazenet has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Blazenet Technologies Limited | U72200GJ2000PLC038737 |
To see the full group structure of Blazenet Limited, buy the company report.
Employees & EPFO
Blazenet Limited has a workforce of 71 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
71
Active EPFO establishments
1
Employee growth
12.7%
GST
Blazenet has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
5
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACB8732B1Z6 | Gujarat | Active | 01 Jul 2017 |
| 27AAACB8732B2ZZ | Maharashtra | Active | 01 Jul 2017 |
| 08AAACB8732B1Z0 | Rajasthan | Active | 01 Jun 2018 |
| 06AAACB8732B1Z4 | Haryana | Active | 26 Oct 2023 |
To see the full GST registrations and return filing status of Blazenet Limited, buy the company report.
Recent activity
Blazenet Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Manherbhai Somabhai Varia ceased to be Director on 27 Feb 2014.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 101186909 was registered on 06 Oct 2025.
AGM
Blazenet Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101157979 was registered on 19 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 101186167 was registered on 09 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 101130316 was registered on 19 Jul 2025.
Filing
Blazenet Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 5.03 Cr with Charge ID 100812813 was registered on 31 Oct 2023.
Charges
A charge registered on 20 Feb 2014 via Charge ID 10479296 with Hdfc Bank Limited was fully satisfied on 23 Apr 2021.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100273976 was registered on 04 Jan 2018.
Ceased
Manherbhai Somabhai Varia ceased to be Director.
Appointed
Sejal Parthesh Patel was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.20 Cr with Charge ID 10479296 was registered on 20 Feb 2014.
3 earlier events are in the company report.
Frequently asked questions
Blazenet is an active public limited company based in Ahmedabad, Gujarat, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 27 November 1998 (28+ years old) and is registered under CIN U30009GJ1998PLC035037.
Blazenet has 3 current directors:
- Sheetal Sharad Varia - Director
- Sejal Parthesh Patel - Director
- Sharad Varia - Director
The latest financial statements of Blazenet on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Blazenet is 24AAACB8732B1Z6, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACB8732B2ZZ (Maharashtra), 08AAACB8732B1Z0 (Rajasthan), 06AAACB8732B1Z4 (Haryana).
The CIN (Corporate Identification Number) of Blazenet is U30009GJ1998PLC035037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blazenet has 7 court cases on record: 7 filed against it. 2 are pending. Most are in the district courts.
Blazenet was incorporated on 27 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Blazenet by revenue are Indinet Service Private Limited, D-Vois SSV Broadband Private Limited, M2m Cybernetics Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Manherbhai Somabhai Varia ceased to be Director on 27 Feb 2014. Sejal Parthesh Patel was appointed as Director on 27 Feb 2014. Sharad Varia was appointed as Director on 28 Nov 1998. Blazenet has 4 board changes on record in total.
Yes, Blazenet is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0111041).
Blazenet can be reached through the website blazenet.biz. Its registered office is in Ahmedabad, Gujarat, India.