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 27 cases involving the company, including 15 filed by the company and 12 filed against it.
The last known website on record is spidigo.com.
Company details
Name history
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 Name | Status |
|---|---|
| Chandra Net Limited | Current |
| Chandra Net Private Limited | Previous |
CIN history
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.
| CIN | Status |
|---|---|
| U72200GJ1999PLC035595 | Current |
| U72200GJ1999PTC035595 | Previous |
Contact details
Chandra Net Limited's registered office is in Ahmedabad, Gujarat. Its website is spidigo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address401 Parshwa Tower Near Pakwan – II S.G. Highway Bodakdev, Ahmedabad, Gujarat, India – 380054
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Chandra Net 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
Financials of Chandra Net Limited
FY 2021 filings availableChandra Net Limited reported revenue of ₹2.36 Lakh (down 98% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 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 | |||||
To see the full financial statements and ratios of Chandra Net Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Kumar Adatiya | Irp/Rp/Liquidator | 03 Mar 2023 | 3 Years 8 Months | As last reported |
| Bholanath Gopaldas Bhatia | Director | 24 Mar 2021 | 5 Years 7 Months | As last reported |
| Poonam Anil Gupta | Director | 24 Mar 2021 | 5 Years 7 Months | As last reported |
| Anil Jiyalal Gupta | Director | 24 Mar 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Chandra Net Limited is compared with the 4 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kavish Online Services Private Limited | ₹2.46 Lakh (FY 2025) | -96.0% | Kolkata, West Bengal, India | |||
| Chandra Net Limitedthis company | ₹2.36 Lakh (FY 2021) | -₹2.98 Cr | -98.0% | 2 | Ahmedabad, Gujarat, India | |
| Crystal Clear Broadband Services Private Limited | ₹2.36 Lakh (FY 2025) | 393.0% | Shimla, Himachal Pradesh, 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 |
To see the full peer comparison of Chandra Net Limited, buy the company report.
Auditor
Chandra Net Limited is audited by JAYESH DADIA & ASSOCIATES LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH DADIA & ASSOCIATES LLP | FY 2020 | 121142W |
Shareholding
The shareholding of Chandra Net Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chandra Net Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 2009 | 10196759 | Kotak Mahindra Bank Limited | ₹5.5 Cr | Satisfied |
To see the full charge records of Chandra Net Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Chandra Net Limited has 27 court cases on record: 15 filed by Chandra Net, 12 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 5 | 0 |
| NCLT | 8 | 1 | 0 |
| High courts | 7 | 6 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (EXE R) | Filed against the company by Sterlite Technologies Limited | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Aha Holdings Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by Elitecore Technologies Private Limited | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Chandra Net 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 Chandra Net Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chandra Net Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
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.
To see the full GST registrations and return filing status of Chandra Net Limited, buy the company report.
Recent activity
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.
5 earlier events are in the company report.
Frequently asked questions
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:
- Bholanath Gopaldas Bhatia - Director
- Poonam Anil Gupta - Director
- Anil Jiyalal Gupta - Director
- Ritesh Kumar Adatiya - Irp/Rp/Liquidator
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.
The latest financial statements of Chandra Net on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Chandra Net has 2 GST registrations on record and all of them are cancelled or inactive.
Chandra Net operated in the telecom industry, in the isp and broadband services segment.
The peers of Chandra Net by revenue are Kavish Online Services Private Limited, Crystal Clear Broadband Services Private Limited, City Broadband Private Limited, Skyriver Network Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
