About Dax Networks Limited
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Dax Networks Limited was a public limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 27 February 1984.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74210TN1984PLC010682. The company has 9 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It was led by directors including Ramamurthy Sudha (Whole-Time Director) and Ramamurthy Balaji.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Chennai, Tamil Nadu.
As per the financials filed for FY 2016, the company reported a revenue of ₹78.14 Lakh, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹29.42 Lakh (net margin 37.6%) and EBITDA of ₹41.87 Lakh (EBITDA margin 53.6%).
The company had about 1 employee on its provident fund (EPFO) records before it was struck off.
As per MCA filings, the company had satisfied charges of ₹29.62 Cr on record. Court records list 19 cases involving the company, including 15 filed by the company and 4 filed against it.
The last known website on record is daxnetworks.com.
Company details
Contact details
Dax Networks Limited's registered office is in Chennai, Tamil Nadu. Its website is daxnetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOld – 76 New – 250 Regency House 1st Floor Anna Salai Vellala Teynampe, T, Chennai, Tamil Nadu, India – 600018
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Dax Networks 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
Business activity
The main business activity of Dax Networks is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
Financials of Dax Networks Limited
FY 2016 filings availableDax Networks Limited reported revenue of ₹78.14 Lakh (up 17% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year. EBITDA rose 125% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹78.14 Lakh | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹41.87 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹29.42 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 53.6% | |
| Net Profit Margin | 37.6% | |
| 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 | ||
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| Inventory Days | ||
| Revenue Growth | ||
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To see the full financial statements and ratios of Dax Networks Limited, buy the company report.
Board of directors of Dax Networks Limited
Dax Networks has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramamurthy Balaji Also directs: Mould Training and Networks (India) Private Limited | Director | 23 Mar 2015 | 11 Years 7 Months | As last reported |
| Ramamurthy Sudha | Whole-Time Director | 01 Oct 2014 | 12 Years 0 Months | As last reported |
| Phanesh | Additional Director | 07 Apr 2015 | 11 Years 6 Months | As last reported |
Auditor
Dax Networks Limited is audited by B P RAO & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B P RAO & CO | FY 2016 | 003116S |
Shareholding
The shareholding of Dax Networks Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Dax Networks Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2009 | 10173096 | Bank of Baroda | ₹7.23 Cr | Satisfied | |
| 04 Feb 2004 | 90287870 | Bank of Baroda | ₹2.9 Cr | Satisfied | |
| 04 Feb 2004 | 90290397 | Bank of Baroda | ₹7 Cr | Satisfied | |
| 23 May 1998 | 90303707 | Anz Grindlays Bank Plc | ₹6.15 Cr | Satisfied | |
| 04 Nov 1996 | 90305060 | Anz Grindlays Bank Plc | ₹6.18 Cr | Satisfied |
To see the full charge records of Dax Networks Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Dax Networks Limited has 19 court cases on record: 15 filed by Dax Networks, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 1 | 0 |
| District courts | 6 | 3 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by Vindhya Telelinks Limited | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Oriental Insurance Company Ltd., Divisional Office. | Disposed |
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against SDV Air Link India Ltd and 2 others | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed by the company against Oriental Insurance Company Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Oriental Insurance Co. Ltd., | Disposed |
To see the full case history of Dax Networks 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 Dax Networks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dax Networks Limited has a workforce of 1 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Dax Networks has 9 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 Dax Networks Limited, buy the company report.
Recent activity
Dax Networks Limited has 7 board changes on record since 2014: 3 appointments and 4 cessations. The latest: Deepak Mirza ceased to be Whole-Time Director on 07 Apr 2015.
14 earlier events are in the company report.
Frequently asked questions
Dax Networks has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Dax Networks was a public limited company based in Chennai, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 27 February 1984 and is registered under CIN U74210TN1984PLC010682. The company has been struck off by the Registrar of Companies and is no longer operational.
Dax Networks had 3 directors:
- Ramamurthy Sudha - Whole-Time Director
- Ramamurthy Balaji - Director
- Phanesh - Additional Director
The CIN (Corporate Identification Number) of Dax Networks is U74210TN1984PLC010682. 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 Dax Networks is at Old – 76 New – 250 Regency House 1st Floor Anna Salai Vellala Teynampe, T, Chennai, Tamil Nadu, India – 600018.
Dax Networks was incorporated on 27 February 1984. It is registered with the Registrar of Companies, Chennai.
Dax Networks can be reached through the website daxnetworks.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Dax Networks on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Dax Networks has 9 GST registrations on record and all of them are cancelled or inactive.
Dax Networks operated in the information technology industry, in the IT consulting and support services segment. It worked in this industry before it was struck off.