About Cinet IT Solutions Private Limited
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Cinet IT Solutions Private Limited is a private limited company based in Bhubaneswar, Odisha, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72200OR2012PTC016037. Its GSTIN is 21AAFCC6664G1ZT (Odisha).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Abhijit Satapathy (Managing Director) and Abhisek Satapathy.
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 Plot No – A/25 Nilakantha Nagar Nayapalli, Bhubaneswar, Odisha, India – 751012.
As per the financials filed for FY 2024, the company reported a revenue of ₹20,490, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.99 Lakh and EBITDA of -₹3.99 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 26% over five years.
The company is associated with 1 brand: CINET IT Solutions.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website cinet.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No – A/25 Nilakantha Nagar Nayapalli, Bhubaneswar, Odisha, India – 751012
- IndustryInformation Technology, Application Development & Software Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Cinet IT Solutions Private Limited
The main business activity of Cinet IT Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Cinet IT Solutions Private Limited FY 2025 filings available
Cinet IT Solutions Private Limited reported revenue of ₹20,490 (up 215% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Cinet IT Solutions Private Limited
Revenue rose 215% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 26%. EBITDA fell 8% 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 Cinet IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹3.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.99 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 | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cinet IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Cinet IT Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Cinet IT Solutions Private Limited
Cinet IT Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xenolt Software (OPC) Private Limited | ₹20,528 (FY 2021) | •••• | •••• | -74.0% | •••• | Delhi, India |
| Sizeco Web Solutions Private Limited | ₹20,500 (FY 2024) | •••• | •••• | -18.0% | •••• | Delhi, India |
| Technaide Private Limited | ₹20,500 (FY 2023) | •••• | •••• | •••• | Ernakulam, Kerala, India | |
| Aaryans E-Security & Automation Private Limited | ₹20,500 (FY 2020) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| The Blast Designers & 360 Degree Media Consultants Private Limited | ₹20,500 (FY 2021) | •••• | •••• | 3.0% | •••• | Nashik, Maharashtra, India |
| Cinet IT Solutions Private Limited this company | ₹20,490 (FY 2024) | •••• | •••• | 215.0% | •••• | Bhubaneswar, Odisha, India |
| Gletus Technology Private Limited | ₹20,486 (FY 2025) | •••• | •••• | -76.0% | •••• | Shivpuri, Madhya Pradesh, India |
| Edgetech Solutions Private Limited | ₹20,426 (FY 2017) | •••• | •••• | -28.0% | •••• | New Delhi, Delhi, India |
| Oasis Solutions Private Limited | ₹20,400 (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Techtalks Systems Private Limited | ₹20,339 (FY 2019) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Tarushi Software Solutions Private Limited | ₹20,270 (FY 2024) | •••• | •••• | -60.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Cinet IT Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Cinet IT Solutions Private Limited
Cinet IT Solutions Private Limited is audited by TRIPATHY & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| TRIPATHY & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Cinet IT Solutions Private Limited
Cinet IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhisek Satapathy Also directs: Fieldsol Agro Private Limited, Revol Realty Private Limited | Director | 01 Oct 2012 | 14 Years 0 Months | Current |
| Abhijit Satapathy | Managing Director | 01 Oct 2012 | 14 Years 0 Months | Current |
Ownership and Shareholding of Cinet IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Cinet IT Solutions Private Limited
Cinet IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Cinet IT Solutions Private Limited
Cinet IT Solutions operates one associated brand: CINET IT Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT consulting, digital marketing, and e-commerce solutions are provided by CINET IT Solutions. | cinet.in |
Employees and EPFO Compliance at Cinet IT Solutions Private Limited
Employment history and EPFO contributions of people linked to Cinet IT Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Cinet IT Solutions Private Limited
Cinet IT Solutions Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Abhijit Satapathy was appointed as Managing Director on 01 Oct 2012.
Credit Ratings, Litigation & Regulatory Alerts for Cinet IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Cinet IT Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Cinet IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Cinet IT Solutions Private Limited
Cinet IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCC6664G1ZT | Odisha | Active | 20 Nov 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Cinet IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cinet IT Solutions Private Limited
Cinet IT Solutions is an active private limited company based in Bhubaneswar, Odisha, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 October 2012 (14+ years old) and is registered under CIN U72200OR2012PTC016037.
Cinet IT Solutions reported revenue of ₹20,490 for FY 2024 (up 215% YoY).
Cinet IT Solutions has 2 current directors:
- Abhijit Satapathy - Managing Director
- Abhisek Satapathy - Director
Cinet IT Solutions reported a net loss of ₹3.99 Lakh and EBITDA of -₹3.99 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cinet IT Solutions is -24% over three years and -26% over five years. In the latest year (FY 2024) revenue rose 215%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cinet IT Solutions is 21AAFCC6664G1ZT, registered in Odisha.
The CIN (Corporate Identification Number) of Cinet IT Solutions is U72200OR2012PTC016037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cinet IT Solutions was incorporated on 01 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Cinet IT Solutions by revenue are Xenolt Software (OPC) Private Limited, Sizeco Web Solutions Private Limited, Technaide Private Limited, Aaryans E-Security & Automation Private Limited, The Blast Designers & 360 Degree Media Consultants Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Abhijit Satapathy was appointed as Managing Director on 01 Oct 2012. Abhisek Satapathy was appointed as Director on 01 Oct 2012.
Yes, Cinet IT Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).