MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0088223
Conet Technologies Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.94 Cr
▲ 73% YoY
Net profit · FY 2024
₹1.4 Lakh
Net margin 0%
EBITDA · FY 2024
₹29.68 Lakh
EBITDA margin 0.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹30.86 Lakh
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
About Conet Technologies Private Limited
Data last updated:
Conet Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 12 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2009PTC051471. Its GSTIN is 29AADCC7852N1Z0 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Sundara Dorairaju Raju and Jayakumar Krishnaswamy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 716/35 42nd Cross Off 12th Main III Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.94 Cr, a growth of 73% compared to the previous year. For the same year it recorded a net profit of ₹1.4 Lakh (net margin 0%) and EBITDA of ₹29.68 Lakh (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 50% over five years.
The company is associated with 1 brand: Conet Technologies. As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹30.86 Lakh on record.
Conet Technologies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0088223). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website conet.in.
Company details
CIN U51909KA2009PTC051471
Registration Number 051471
Incorporation Date 12 November 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0088223
Recognitions & Rankings of Conet Technologies
Contact details
Conet Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is conet.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address716/35 42nd Cross Off 12th Main III Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Conet Technologies Private Limited, buy the company report.
Comprehensive company report
Conet Technologies Private 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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Brands
Conet Technologies operates one associated brand: Conet Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of high-technology products and solutions in electronics testing for industrial and commercial sectors. | conet.in |
Business activity
The main business activity of Conet Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Conet Technologies Private Limited, buy the company report.
Financials of Conet Technologies Private Limited
FY 2024 filings availableConet Technologies Private Limited reported revenue of ₹32.94 Cr (up 73% YoY) for FY 2024.
Revenue · FY 2024
₹32.94 Cr ▲ 73%
Net profit · FY 2024
₹1.4 Lakh margin 0%
EBITDA · FY 2024
₹29.68 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 51%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 31%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 73% growth in the latest year. EBITDA rose 27% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹29.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.4 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Conet Technologies Private Limited, buy the company report.
Board of directors of Conet Technologies Private Limited
Conet Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundara Dorairaju Raju | Director | 12 Nov 2009 | 17 Years 0 Months | Current |
| Jayakumar Krishnaswamy | Director | 12 Nov 2009 | 17 Years 0 Months | Current |
Peer comparison
Conet Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Airbizz Air Conditioning Private Limited | ₹33.05 Cr (FY 2024) | 40.0% | Ahmedabad, Gujarat, India | |||
| Digitech Imports Private Limited | ₹33.01 Cr (FY 2019) | 61.0% | New Delhi, Delhi, India | |||
| Madgets India Private Limited | ₹33 Cr (FY 2024) | -43.0% | Bangalore, Karnataka, India | |||
| Aptus Esolutions Private Limited | ₹32.96 Cr (FY 2025) | 5.0% | Chiyyaram, Kerala, India | |||
| Conet Technologies Private Limitedthis company | ₹32.94 Cr (FY 2024) | ₹1.4 Lakh | 0% | 73.0% | Bangalore, Karnataka, India | |
| Business House Electronics (India) Private Limited | ₹32.89 Cr (FY 2017) | 86.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Conet Technologies Private Limited, buy the company report.
Auditor
Conet Technologies Private Limited is audited by M.S REDDY & ASSOCIATES CHARTERED ACCOUNTANTS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.S REDDY & ASSOCIATES CHARTERED ACCOUNTANTS | FY 2023 | 007992S |
Shareholding
The shareholding of Conet Technologies Private 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 Conet Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
₹30.86 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2023 | 100775849 | State Bank of India | ₹58 Lakh | Open | |
| 31 Jul 2023 | 100764949 | Others | ₹12.06 Lakh | Open | |
| 07 Mar 2020 | 100330336 | State Bank of India | ₹1.8 Cr | Open | |
| 01 Jul 2021 | 100457845 | Hdfc Bank Limited | ₹30.86 Lakh | Satisfied |
To see the full charge records of Conet Technologies Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Conet Technologies 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 Conet Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Conet Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCC7852N1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Conet Technologies Private Limited, buy the company report.
Recent activity
Conet Technologies Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Jayashree Ravichandran ceased to be Director on 21 Mar 2011.
Charges
A charge registered on 01 Jul 2021 via Charge ID 100457845 with Hdfc Bank Limited was fully satisfied on 07 Jul 2025.
AGM
Conet Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with State Bank Of India of Rs. 180.00 Lakh registered on 07 Mar 2020 with Charge ID 100330336 was modified on 22 Jul 2024.
Filing
Conet Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 58.00 Lakh with Charge ID 100775849 was registered on 21 Aug 2023.
Charges
A charge with Others amounted to Rs. 12.06 Lakh with Charge ID 100764949 was registered on 31 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.86 Lakh with Charge ID 100457845 was registered on 01 Jul 2021.
Charges
A charge with State Bank Of India amounted to Rs. 180.00 Lakh with Charge ID 100330336 was registered on 07 Mar 2020.
Ceased
Jayashree Ravichandran ceased to be Director.
Ceased
Ravichandran Renganathan ceased to be Director.
Appointed
Jayakumar Krishnaswamy was appointed as Director.
Appointed
Sundara Dorairaju Raju was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Conet Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 12 November 2009 (17+ years old) and is registered under CIN U51909KA2009PTC051471.
Conet Technologies has 2 current directors:
- Sundara Dorairaju Raju - Director
- Jayakumar Krishnaswamy - Director
The latest financial statements of Conet Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Conet Technologies is 29AADCC7852N1Z0, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Conet Technologies is U51909KA2009PTC051471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Conet Technologies was incorporated on 12 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Conet Technologies by revenue are Airbizz Air Conditioning Private Limited, Digitech Imports Private Limited, Madgets India Private Limited, Aptus Esolutions Private Limited, Business House Electronics (India) Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Jayashree Ravichandran ceased to be Director on 21 Mar 2011. Ravichandran Renganathan ceased to be Director on 21 Mar 2011. Jayakumar Krishnaswamy was appointed as Director on 12 Nov 2009. Conet Technologies has 4 board changes on record in total.
Yes, Conet Technologies is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0088223).
Conet Technologies can be reached through the website conet.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Conet Technologies is at 71635 42nd Cross Off 12th Main III Block Rajajinagar, Bangalore, Karnataka, India – 560010.
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