Chandra Net Limited

Chandra Net Limited - telecom in Ahmedabad, Gujarat, India. Directors, charges & compliance details.
CIN U72200GJ1999PLC035595 Incorporated 16 March 1999 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Dissolved Under Section 54 Public Limited Company telecom
Data last updated
Revenue · FY 2021
₹2.36 Lakh
▼ 98% YoY
Net loss · FY 2021
₹2.98 Cr
Latest filing
EBITDA · FY 2021
-₹9.88 Lakh
EBITDA margin -418.7%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.5 Cr
Issued & subscribed
Satisfied charges
₹5.5 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
2
Provident fund records

About Chandra Net Limited

Data last updated:

Chandra Net Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Aha Holdings Private Limited. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the isp and broadband services segment of the telecommunications sector. It was incorporated on 16 March 1999.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ1999PLC035595. The company has 2 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.5 Cr. It was formerly known as Chandra Net Private Limited. It was led by directors including Ritesh Kumar Adatiya (Irp/Rp/Liquidator) and Bholanath Gopaldas Bhatia.

Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 401 Parshwa Tower Near Pakwan – II S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380054.

As per the financials filed for FY 2021, the company reported a revenue of ₹2.36 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.98 Cr and EBITDA of -₹9.88 Lakh (EBITDA margin -418.7%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 70% over five years.

The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.

As per MCA filings, the company had satisfied charges of ₹5.5 Cr on record. Court records list 18 cases involving the company, including 6 filed by the company and 4 filed against it.

The last known website on record is spidigo.com.

Company Details of Chandra Net Limited
CIN U72200GJ1999PLC035595
Registration Number 035595
Incorporation Date 16 March 1999
ROC Ahmedabad
Listing Status Unlisted
Company Status Dissolved Under Section 54
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
Parent Company Aha Holdings Private Limited
Compliance Status Active Compliant
Key People
Ritesh Kumar Adatiya Irp/Rp/Liquidator Bholanath Gopaldas Bhatia Director Poonam Anil Gupta Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    spidigo.com
  • Social Media
    Locked
  • Registered Address
    401 Parshwa Tower Near Pakwan – II S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380054
  • Industry
    Telecom, ISP & Broadband Services
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Financials, compliance, directors, charges, ownership and filings for Chandra Net Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Financials of Chandra Net Limited FY 2021 filings available

Chandra Net Limited reported revenue of ₹2.36 Lakh (down 98% YoY) for FY 2021.

Revenue · FY 2021
₹2.36 Lakh ▼ 98%
Net loss · FY 2021
₹2.98 Cr
EBITDA · FY 2021
-₹9.88 Lakh margin -418.7%

Compounded Annual Growth Rate (CAGR) of Chandra Net Limited

Revenue CAGR growth
1 year
▼ 98%
3 years · compounded
▼ 78%
5 years · compounded
▼ 70%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 21%
5 years · compounded
▼ 15%

Revenue has declined at a compounded annual rate (CAGR) of 70% over five years, including a 98% fall in the latest year. EBITDA rose 11% 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 of Chandra Net Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹9.88 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹2.98 Cr••••••••••••••••
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 of Chandra Net Limited

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin-418.7%••••••••••••••••
Net Profit Margin••••••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Chandra Net are in the company report.

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Financial statements from 2015

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Peer Comparison of Chandra Net Limited

Chandra Net Limited is compared with the companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Cybernet Broadband Private Limited₹2.48 Lakh (FY 2025)••••••••-31.0%••••Vasai, Maharashtra, India
Kavish Online Services Private Limited₹2.46 Lakh (FY 2025)••••••••-96.0%••••Kolkata, West Bengal, India
Bluee Horse Cinema Private Limited₹2.45 Lakh (FY 2024)••••••••••••Mumbai, Maharashtra, India
Os IT Services Private Limited₹2.39 Lakh (FY 2023)••••••••••••Jaipur, Rajasthan, India
Pool Counter Internet Private Limited₹2.39 Lakh (FY 2019)••••••••174.0%••••New Delhi, Delhi, India
Chandra Net Limited this company₹2.36 Lakh (FY 2021)••••••••-98.0%••••Ahmedabad, Gujarat, India
Crystal Clear Broadband Services Private Limited₹2.36 Lakh (FY 2025)••••••••393.0%••••Shimla, Himachal Pradesh, India
Utgone Telecom Private Limited₹2.35 Lakh (FY 2025)••••••••••••Haryana, India
City Broadband Private Limited₹2.31 Lakh (FY 2020)••••••••40.0%••••Delhi, India
Skyriver Network Private Limited₹2.26 Lakh (FY 2019)••••••••••••Kausa, Mumbra, Thane, Maharashtra, India
Avleen IT Services OPC Private Limited₹2.19 Lakh (FY 2022)••••••••-49.0%••••Pehowa, Haryana, India

Peers are the five companies nearest above and the five nearest below Chandra Net by revenue in the Telecom industry (Landline ISP and Broadband), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Chandra Net Limited

Chandra Net Limited is audited by JAYESH DADIA & ASSOCIATES LLP for the financial year 2020.

NameStatusAppointment DateCessation Date
JAYESH DADIA & ASSOCIATES LLPLockedLockedLocked
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Board of Directors of Chandra Net Limited

Chandra Net has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Ritesh Kumar Adatiya
Also directs: NPV Valuation Services LLP, NPV Insolvency Professionals Private Limited
Irp/Rp/Liquidator03 Mar 20233 Years 7 MonthsAs last reported
Bholanath Gopaldas BhatiaDirector24 Mar 20215 Years 6 MonthsAs last reported
Poonam Anil GuptaDirector24 Mar 20215 Years 6 MonthsAs last reported
Anil Jiyalal GuptaDirector24 Mar 20215 Years 6 MonthsAs last reported
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Ownership and Shareholding of Chandra Net Limited

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Charges & Borrowings of Chandra Net Limited

Open charges
None
Satisfied charges
₹5.5 Cr
Breakdown by lending institutions
Kotak Mahindra Bank Limited₹5.50 Cr
Latest charge details
DateLenderAmountStatus
10 Oct 2009Kotak Mahindra Bank Limited₹5.5 CrSatisfied

Total charge records: 1 View all charges

Employees and EPFO Compliance at Chandra Net Limited

Chandra Net Limited has a workforce of 2 employees as of Apr 05, 2024.

Employee count
2
Active EPFO establishments
1
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Name History of Chandra Net Limited

Chandra Net has undergone 2 name changes throughout its history. The company was previously known as Chandra Net Limited, and Chandra Net Private Limited. The current legal name is Chandra Net Limited.

Company NameStatus
Chandra Net LimitedCurrent
Chandra Net Private LimitedPrevious

CIN History of Chandra Net Limited

Chandra Net has one previous CIN (Corporate Identification Number): U72200GJ1999PTC035595. The current CIN is U72200GJ1999PLC035595, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U72200GJ1999PLC035595Current
U72200GJ1999PTC035595Previous

Recent Activity on Chandra Net Limited

Chandra Net Limited has 11 board changes on record since 2009: 4 appointments and 7 cessations. The latest: Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator on 03 Mar 2023.

Appointed
Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator.
AGM
Chandra Net Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Ceased
Anil Jiyalal Gupta ceased to be Additional Director.
Ceased
Bholanath Gopaldas Bhatia ceased to be Additional Director.
Ceased
Poonam Anil Gupta ceased to be Additional Director.
Filing
Chandra Net Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Ahmedabad.
Ceased
Abhishek Asit Javeri ceased to be Director.
Ceased
Asit Dhankumar Javeri ceased to be Director.
Ceased
Nitin Jani Rameshchandra ceased to be Director.
Appointed
Anil Jiyalal Gupta was appointed as Director.
Appointed
Bholanath Gopaldas Bhatia was appointed as Director.
Appointed
Poonam Anil Gupta was appointed as Director.

5 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Chandra Net Limited

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MSME Payment Delays by Chandra Net Limited

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Subsidiaries & Group Companies of Chandra Net Limited

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GST Compliance of Chandra Net Limited

Chandra Net 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.

Total GSTINs
2
Cancelled / inactive
2
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GST registrations and filing compliance

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MCA Filings & Documents of Chandra Net Limited

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Frequently Asked Questions about Chandra Net Limited

Chandra Net has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.

Chandra Net was a public limited company based in Ahmedabad, Gujarat, India. The company worked in isp and broadband services, within the telecom industry. It was incorporated on 16 March 1999 and is registered under CIN U72200GJ1999PLC035595. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.

Chandra Net was incorporated on 16 March 1999. It is registered with the Registrar of Companies, Ahmedabad.

Chandra Net had 4 directors:

The CIN (Corporate Identification Number) of Chandra Net is U72200GJ1999PLC035595. 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 Chandra Net is at 401 Parshwa Tower Near Pakwan – II S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380054.

Chandra Net can be reached through the website spidigo.com. Its registered office is in Ahmedabad, Gujarat, India.

Chandra Net reported revenue of ₹2.36 Lakh for FY 2021 (down 98% YoY).

Chandra Net has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.5 Cr.

Chandra Net reported a net loss of ₹2.98 Cr and EBITDA of -₹9.88 Lakh (EBITDA margin -418.7%) for FY 2021, as per its filed financial statements.

No. Chandra Net has 2 GST registrations on record and all of them are cancelled or inactive.

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