About Cortina Network Systems Private Limited
Data last updated:
Cortina Network Systems Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Cortina System International. The company has been dissolved under section 59(8) 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 application development and software solutions segment of the technology and IT services sector. It was incorporated on 05 September 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2003PTC032504. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Navin Bishnoi and Thirupal Gorige (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 15 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at #15 Golf Course Road Off H.A.L. Airport Road, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.14 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹2.22 Cr and EBITDA of -₹2.9 Lakh (EBITDA margin -28.6%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 25% over five years.
The company was associated with 1 brand: Cortina Systems. The company has 2 deals on record (2 secondary share transfers); the latest was in September 2010.
The last known website on record is cortina-systems.com.
Company details
Contact details
Cortina Network Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is cortina-systems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#15 Golf Course Road Off H.A.L. Airport Road, Bangalore, Karnataka, India – 560008
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Cortina Network Systems 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
Brands
Cortina Network Systems operates one associated brand: Cortina Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| High-speed optical interconnects for network infrastructure are developed. | cortina-systems.com |
Business activity
The main business activity of Cortina Network Systems is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
Financials of Cortina Network Systems Private Limited
FY 2022 filings availableCortina Network Systems Private Limited reported revenue of ₹10.14 Lakh (down 45% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 45% fall in the latest year. EBITDA fell 179% 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 | |||||
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| Total Revenue | ₹10.14 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹2.9 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.22 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.6% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Cortina Network Systems Private Limited, buy the company report.
Board of directors of Cortina Network Systems Private Limited
Cortina Network Systems has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharathi Kanuj Also directs: Celestial AI India LLP, Marvell India Private Limited | Additional Director | 29 Nov 2022 | 3 Years 10 Months | As last reported |
| Navin Bishnoi | Director | 22 Jun 2022 | 4 Years 4 Months | As last reported |
| Thirupal Gorige Also directs: Thirupal Gorige & Associates LLP | Irp/Rp/Liquidator | 12 Apr 2023 | 3 Years 6 Months | As last reported |
Auditor
Cortina Network Systems Private Limited is audited by NARAYANAN PATIL & RAMESH for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARAYANAN PATIL & RAMESH | FY 2021 | 002395S |
Shareholding
The shareholding of Cortina Network Systems Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Cortina Network Systems Private Limited, buy the company report.
Deals & funding
Cortina Network Systems Private Limited has 2 deals on record (2 secondary share transfers); the latest was in September 2010.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Cortina Systems Hk Limited Seller: an individual |
| May 2006 | Secondary share transfer | Undisclosed | Buyer: Cortina Systems International, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Cortina Network Systems 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 Cortina Network Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cortina Network Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cortina Network Systems Private Limited, buy the company report.
Recent activity
Cortina Network Systems Private Limited has 18 board changes on record since 2010: 3 appointments and 15 cessations. The latest: Thirupal Gorige was appointed as Irp/Rp/Liquidator on 12 Apr 2023.
9 earlier events are in the company report.
Frequently asked questions
Cortina Network Systems has been "Dissolved Under Section 59(8)" 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.
Cortina Network Systems was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 05 September 2003 and is registered under CIN U72200KA2003PTC032504. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Cortina Network Systems was incorporated on 05 September 2003. It is registered with the Registrar of Companies, Bangalore.
Cortina Network Systems had 3 directors:
- Bharathi Kanuj - Additional Director
- Navin Bishnoi - Director
- Thirupal Gorige - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Cortina Network Systems is U72200KA2003PTC032504. 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 Cortina Network Systems is at #15 Golf Course Road Off H.A.L. Airport Road, Bangalore, Karnataka, India – 560008.
Cortina Network Systems can be reached through the website cortina-systems.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Cortina Network Systems on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 July 2022. Year-wise statements from 2015 are in the company report.
No. Cortina Network Systems has 1 GST registration on record and it is cancelled or inactive.
Cortina Network Systems operated in the information technology industry, in the application development and software solutions segment.