About Cornerstone Communications Private Limited
Data last updated:
Cornerstone Communications Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 14 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74300MH1996PTC097251. Its GSTIN is 27AAACC2287J1ZK (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Udaybhanu Muddhana Shetty (Managing Director) and Basudev Biswas.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹65.63 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹2.1 Cr (net margin -319.7%) and EBITDA of -₹2.09 Cr (EBITDA margin -317.7%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 59% over five years.
The company is associated with 1 brand: Cornerstoneindia. As per MCA filings, the company has open charges of ₹13.23 Lakh on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cornerstoneindia.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address11 – A Trishul Apartment Kane Road, Near Mount Mary Church, Mumbai, Maharashtra, India – 400050
- IndustryMedia and Publishing, Advertising Agencies & Media Services
- 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
Associated Brands with Cornerstone Communications Private Limited
Cornerstone Communications operates one associated brand: Cornerstoneindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers professional services like portfolio management and contacts in Mumbai. | cornerstoneindia.co.in |
Business Activity of Cornerstone Communications Private Limited
The main business activity of Cornerstone Communications is professional, scientific and technical. In detail, this covers advertising and market research.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M6 | Advertising and market research | 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 Cornerstone Communications Private Limited FY 2024 filings available
Cornerstone Communications Private Limited reported revenue of ₹65.63 Lakh (down 86% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Cornerstone Communications Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 59% over five years, including a 86% fall in the latest year. EBITDA rose 37% 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 Cornerstone Communications 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 | -₹2.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.1 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 Cornerstone Communications Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -317.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -319.7% | •••• | •••• | •••• | •••• |
| 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 Cornerstone Communications 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.
Board of Directors of Cornerstone Communications Private Limited
Cornerstone Communications has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Udaybhanu Muddhana Shetty | Managing Director | 14 Feb 1996 | 30 Years 8 Months | Current |
| Basudev Biswas | Director | 25 Jan 2012 | 14 Years 8 Months | Current |
Peer Comparison of Cornerstone Communications Private Limited
Cornerstone Communications Private Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Advertising Agencies, Communications). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Big7solutions and Media Private Limited | ₹65.79 Lakh (FY 2024) | •••• | •••• | 67.0% | •••• | Puducherry, India |
| Brandvox Communications Private Limited | ₹65.75 Lakh (FY 2025) | •••• | •••• | -15.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Aadharshila Communications Private Limited | ₹65.73 Lakh (FY 2024) | •••• | •••• | 10.0% | •••• | Vadodara, Gujarat, India |
| Solminds Technologies Private Limited | ₹65.66 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Kochi, Kerala, India |
| Spoina Fashion Technology Private Limited | ₹65.66 Lakh (FY 2024) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Cornerstone Communications Private Limited this company | ₹65.63 Lakh (FY 2024) | •••• | •••• | -86.0% | •••• | Mumbai, Maharashtra, India |
| Ronmon Creative (OPC) Private Limited | ₹65.61 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Gurgaon, Haryana, India |
| Thumbpin Private Limited | ₹65.58 Lakh (FY 2025) | •••• | •••• | -26.0% | •••• | Gurugram, Haryana, India |
| Originate Trade & Services Private Limited | ₹65.51 Lakh (FY 2025) | •••• | •••• | 498.0% | •••• | New Delhi, Delhi, India |
| Sohini Ad Agency Private Limited | ₹65.48 Lakh (FY 2025) | •••• | •••• | -22.0% | •••• | Kolkata, West Bengal, India |
| Osumare Marketing Solutions Private Limited | ₹65.43 Lakh (FY 2025) | •••• | •••• | 54.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Cornerstone Communications by revenue in the Media and Publishing industry (Advertising Agencies, Communications), 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 Cornerstone Communications Private Limited
Cornerstone Communications Private Limited is audited by M P REDDY & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M P REDDY & ASSOCIATES | 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.
Ownership and Shareholding of Cornerstone Communications 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 Cornerstone Communications Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2000 | The Saraswat Co-Op Bank Ltd | ₹1.23 Lakh | Open |
| 19 Mar 1997 | The Saraswat Co-Op Bank Ltd | ₹7 Lakh | Open |
| 14 Sep 1996 | The Saraswat Co-Op Bank Ltd | ₹3 Lakh | Open |
| 30 Aug 1996 | The Saraswat Co-Op Bank Ltd | ₹2 Lakh | Open |
Total charge records: 4 View all charges
Legal Cases of Cornerstone Communications Private Limited
Cornerstone Communications Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Lyra A Publecete Pte Ltd | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Cornerstone Communications Private Limited
Employment history and EPFO contributions of people linked to Cornerstone Communications.
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 Cornerstone Communications Private Limited
Cornerstone Communications Private Limited has 5 board changes on record since 1996: 2 appointments and 3 cessations. The latest: Falguni Basudev Biswas ceased to be Director on 01 Dec 2012.
Credit Ratings, Litigation & Regulatory Alerts for Cornerstone Communications 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 Cornerstone Communications 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 Cornerstone Communications 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 Cornerstone Communications Private Limited
Cornerstone Communications has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC2287J1ZK | Maharashtra | Active | 01 Jul 2017 |
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 Cornerstone Communications 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 Cornerstone Communications Private Limited
Cornerstone Communications is an active private limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 14 February 1996 (30+ years old) and is registered under CIN U74300MH1996PTC097251.
Cornerstone Communications reported revenue of ₹65.63 Lakh for FY 2024 (down 86% YoY).
Cornerstone Communications has 2 current directors:
- Udaybhanu Muddhana Shetty - Managing Director
- Basudev Biswas - Director
Cornerstone Communications reported a net loss of ₹2.1 Cr (net margin -319.7%) and EBITDA of -₹2.09 Cr (EBITDA margin -317.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cornerstone Communications is -71% over three years and -59% over five years. In the latest year (FY 2024) revenue fell 86%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cornerstone Communications is 27AAACC2287J1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cornerstone Communications is U74300MH1996PTC097251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cornerstone Communications has 1 court case on record: 1 filed against it.
Cornerstone Communications was incorporated on 14 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cornerstone Communications by revenue are Big7solutions and Media Private Limited, Brandvox Communications Private Limited, Aadharshila Communications Private Limited, Solminds Technologies Private Limited, Spoina Fashion Technology Private Limited and 5 more, all in the Media and Publishing industry (Advertising Agencies, Communications).
Falguni Basudev Biswas ceased to be Director on 01 Dec 2012. Rajendra Hari Khandekar ceased to be Director on 01 Dec 2012. Ramachandramenon Krishna Kumar ceased to be Whole-Time Director on 01 Dec 2012. Cornerstone Communications has 5 board changes on record in total.