Connect (India) Mobile Technologies Private Limited
About Connect (India) Mobile Technologies Private Limited
Data last updated:
Connect (India) Mobile Technologies Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Vodafone Idea Communication Systems Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 15 July 1999.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32202GJ1999PTC126231. The company has 34 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹150 Cr and a paid-up capital of ₹149.91 Cr. It was formerly known as Hutchison Max Paging Private Limited. It was led by directors including Avneesh Khosla (Managing Director) and Venkatesh Vishwanathan.
Its last annual general meeting (AGM) was held on 24 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 2nd Floor Block – A Vodafone House Corporate Road Prahlad Nagar Off S G Highway, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2022, the company reported a revenue of ₹61.88 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹33.64 Lakh (net margin 54.4%) and EBITDA of ₹49.21 Lakh (EBITDA margin 79.5%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 18% over five years.
Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 1 case is pending. The company has 6 deals on record (6 secondary share transfers); the latest was in September 2012. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Modern Radio House (India) Private Limited with revenue of ₹62.14 Lakh.
Company details
CIN history
Connect (India) Mobile Technologies has one previous CIN (Corporate Identification Number): U32202MH1999PTC120818. The current CIN is U32202GJ1999PTC126231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32202GJ1999PTC126231 | Current |
| U32202MH1999PTC120818 | Previous |
Contact details
Connect (India) Mobile Technologies Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Block – A Vodafone House Corporate Road Prahlad Nagar Off S G Highway, Ahmedabad, Gujarat, India – 380051
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Connect (India) Mobile Technologies Private 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 Connect (India) Mobile Technologies Private Limited
FY 2022 filings availableConnect (India) Mobile Technologies Private Limited reported revenue of ₹61.88 Lakh (down 7% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 7% fall in the latest year. EBITDA rose 169% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹61.88 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹49.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.64 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 79.5% | ||||
| Net Profit Margin | 54.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Connect (India) Mobile Technologies Private Limited, buy the company report.
Board of directors and KMP of Connect (India) Mobile Technologies Private Limited
Connect (India) Mobile Technologies Private Limited currently reports 4 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avneesh Khosla | Managing Director | 24 Jun 2020 | 6 Years 4 Months | As last reported |
| Venkatesh Vishwanathan | Director | 10 Nov 2014 | 11 Years 11 Months | As last reported |
| Krishnan Ramachandran Also directs: You Broadband India Limited, Vodafone Idea Shared Services Limited, Vodafone Idea Manpower Services Limited and 2 more | Director | 17 Feb 2021 | 5 Years 8 Months | As last reported |
| Tripti Pande Desai | Director | 24 Mar 2021 | 5 Years 7 Months | As last reported |
| Hari Gopalakrishnen Also directs: Vodafone Idea Communication Systems Limited | Company Secretary | 12 Oct 2018 | 8 Years 0 Months | As last reported |
Peer comparison
Connect (India) Mobile Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile), 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 |
|---|---|---|---|---|---|---|
| Modern Radio House (India) Private Limited | ₹62.14 Lakh (FY 2025) | -17.0% | Delhi, India | |||
| Spectrum Infotech Pvt Ltd | ₹61.96 Lakh (FY 2024) | 35.0% | Kolkata, West Bengal, India | |||
| Connect (India) Mobile Technologies Private Limitedthis company | ₹61.88 Lakh (FY 2022) | ₹33.64 Lakh | 54.4% | -7.0% | Ahmedabad, Gujarat, India | |
| Navikaran Annapurna Enterprises Private Limited | ₹61.68 Lakh (FY 2024) | 72.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Connect (India) Mobile Technologies Private Limited, buy the company report.
Auditor
Connect (India) Mobile Technologies Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2022 | 101049W/E300004 |
Shareholding
The shareholding of Connect (India) Mobile Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Connect (India) Mobile Technologies Private Limited, buy the company report.
Deals & funding
Connect (India) Mobile Technologies Private Limited has 6 deals on record (6 secondary share transfers); the latest was in September 2012.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Vodafone West limited Jointly With Mobile Commerce Solutions Limited, Vodafone Cellular Limited Jointly With Mobile Commerce Solutions Limited, Vodafone Idea Communication Systems Limited Seller: 2 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Connect (India) Mobile Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Connect (India) Mobile Technologies Private Limited has 9 court cases on record: 6 filed by Connect (India) Mobile Technologies, 3 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 0 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Cenzer Industries Ltd and Anr and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against Cenzer Industries Limited and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against Arvind Baban Aher - the State of Maharashtra - Respondent | Disposed |
To see the full case history of Connect (India) Mobile Technologies Private 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 Connect (India) Mobile Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Connect (India) Mobile Technologies has 34 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 Connect (India) Mobile Technologies Private Limited, buy the company report.
Recent activity
Connect (India) Mobile Technologies Private Limited has 26 board changes on record since 2007: 5 appointments and 21 cessations. The latest: Ambrish Pandey Jain ceased to be Director on 31 Oct 2021.
17 earlier events are in the company report.
Frequently asked questions
Connect (India) Mobile Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Connect (India) Mobile Technologies was a private limited company based in Ahmedabad, Gujarat, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 15 July 1999 and is registered under CIN U32202GJ1999PTC126231. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Connect (India) Mobile Technologies was incorporated on 15 July 1999. It is registered with the Registrar of Companies, Ahmedabad.
Connect (India) Mobile Technologies had 5 directors and KMP:
- Avneesh Khosla - Managing Director
- Venkatesh Vishwanathan - Director
- Krishnan Ramachandran - Director
- Tripti Pande Desai - Director
- Hari Gopalakrishnen - Company Secretary
The CIN (Corporate Identification Number) of Connect (India) Mobile Technologies is U32202GJ1999PTC126231. 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 Connect (India) Mobile Technologies is at 2nd Floor Block – A Vodafone House Corporate Road Prahlad Nagar Off S G Highway, Ahmedabad, Gujarat, India – 380051.
The latest financial statements of Connect (India) Mobile Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 24 August 2022. Year-wise statements from 2015 are in the company report.
No. Connect (India) Mobile Technologies has 34 GST registrations on record and all of them are cancelled or inactive.
Connect (India) Mobile Technologies operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Connect (India) Mobile Technologies has 6 deals on record (6 secondary share transfers); the latest was in September 2012.
The peers of Connect (India) Mobile Technologies by revenue are Modern Radio House (India) Private Limited, Spectrum Infotech Pvt Ltd, Navikaran Annapurna Enterprises Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile), with the same principal business activity (wholesale trading).