About Digital Refresh Networks Private Limited
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Digital Refresh Networks 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 26 July 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC328562. Its GSTIN is 27AAHCD3578J1Z8 (Maharashtra).
The company has an authorised share capital of ₹2.39 Lakh and a paid-up capital of ₹2.01 Lakh. It is led by directors Barin Mukherjee (Managing Director) and Hitesh Mahesh Chhabria.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.43 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹2.51 Cr (net margin -15.3%) and EBITDA of -₹21.28 Lakh (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 76 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: DigitalF5. The company has 1 deal on record (1 funding round), with disclosed funding of ₹34.72 Cr; the latest was in February 2020. Its 10 peer companies in the Media and Publishing industry (Advertising Agencies) are compared by revenue, 5 larger and 5 smaller; the largest is Ananta Medsol Limited with revenue of ₹17.73 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2023, listing 63 overdue payments to 48 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website digitalf5.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressRushabh Chambers 3 – C Plot No. 609 Off Makwana Road, Behind J.J. Plastics Marol Naka Andheri (E), Mumbai, Maharashtra, India – 400059
- 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
Business Activity of Digital Refresh Networks Private Limited
The main business activity of Digital Refresh Networks 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 Digital Refresh Networks Private Limited FY 2025 filings available
Digital Refresh Networks Private Limited reported revenue of ₹16.43 Cr (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Digital Refresh Networks Private Limited
Revenue fell 27% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. 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 Digital Refresh Networks Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹16.43 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹21.28 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.51 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 Digital Refresh Networks Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15.3% | •••• | •••• | •••• | •••• |
| 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 Digital Refresh Networks are in the company report.
Financial statements from FY 2020
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.
Peer Comparison of Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited is compared with the companies closest to it by revenue in the Media and Publishing industry (Advertising Agencies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ananta Medsol Limited | ₹17.73 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Delhi, India |
| Hybrid Adtech Private Limited | ₹17.68 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Mumbai, Maharashtra, India |
| Sign O Sign Designs (Chennai) Private Limited | ₹17.67 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Sense Digital Media Private Limited | ₹17.66 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Delhi, India |
| Super Ads Creative Media Private Limited | ₹17.65 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | New Delhi, Delhi, India |
| Doubleverify Solutions India Private Limited | ₹17.59 Cr (FY 2025) | •••• | •••• | 137.0% | •••• | Mumbai, Maharashtra, India |
| Klug Tech Private Limited | ₹17.59 Cr (FY 2025) | •••• | •••• | 361.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| DSD Sports and Media Private Limited | ₹17.57 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Lucknow, Uttar Pradesh, India |
| Fox Digital Media Private Limited | ₹17.57 Cr (FY 2023) | •••• | •••• | -76.0% | •••• | Gurgaon, Haryana, India |
| Omega Printers & Publishers Pvt Ltd | ₹17.47 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Assam, India |
| Digital Refresh Networks Private Limited this company | ₹16.43 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Digital Refresh Networks by revenue in the Media and Publishing industry (Advertising Agencies), 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 Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited is audited by Sandeep Sheth & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sandeep Sheth & 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.
Board of Directors of Digital Refresh Networks Private Limited
Digital Refresh Networks 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 |
|---|---|---|---|---|
| Hitesh Mahesh Chhabria Also directs: Circus Elephants Video Solutions Private Limited | Director | 30 Nov 2023 | 2 Years 10 Months | Current |
| Barin Mukherjee | Managing Director | 19 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Digital Refresh Networks 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 Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹34.72 Cr; the latest was in February 2020.
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited has 6 MSME Form 1 returns on record between 2020 and 2023, listing 63 overdue payments to 48 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Boathouse Media Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Five Films | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Synetal Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Digital Refresh Networks Private Limited
Digital Refresh Networks operates one associated brand: DigitalF5. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of digital marketing, ecommerce, and IT services | digitalf5.com |
Employees and EPFO Compliance at Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited has a workforce of 76 employees as of Sep 24, 2025.
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.
Group Structure of Digital Refresh Networks Private Limited
Digital Refresh Networks has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Circus Elephants Video Solutions Private Limited | U74110MH2011PTC308873 | Locked |
Showing major subsidiaries. Total: 1.
News related to Digital Refresh Networks Private Limited
Recent Activity on Digital Refresh Networks Private Limited
Digital Refresh Networks Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Hitesh Mahesh Chhabria was appointed as Director on 30 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Digital Refresh Networks 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.
Subsidiaries & Group Companies of Digital Refresh Networks 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 Digital Refresh Networks Private Limited
Digital Refresh Networks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCD3578J1Z8 | Maharashtra | Active | 07 Aug 2019 |
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 Digital Refresh Networks 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 Digital Refresh Networks Private Limited
Digital Refresh Networks 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 26 July 2019 (7+ years old) and is registered under CIN U74999MH2019PTC328562.
Digital Refresh Networks reported revenue of ₹16.43 Cr for FY 2025 (down 27% YoY).
Digital Refresh Networks has 2 current directors:
- Barin Mukherjee - Managing Director
- Hitesh Mahesh Chhabria - Director
Digital Refresh Networks reported a net loss of ₹2.51 Cr (net margin -15.3%) and EBITDA of -₹21.28 Lakh (EBITDA margin -1.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Digital Refresh Networks is 2% over three years. In the latest year (FY 2025) revenue fell 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Digital Refresh Networks is 27AAHCD3578J1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Digital Refresh Networks is U74999MH2019PTC328562. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Digital Refresh Networks was incorporated on 26 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Digital Refresh Networks has 1 deal on record (1 funding round), with disclosed funding of ₹34.72 Cr; the latest was in February 2020.
The peers of Digital Refresh Networks by revenue are Ananta Medsol Limited, Hybrid Adtech Private Limited, Sign O Sign Designs (Chennai) Private Limited, Sense Digital Media Private Limited, Super Ads Creative Media Private Limited and 5 more, all in the Media and Publishing industry (Advertising Agencies).
Hitesh Mahesh Chhabria was appointed as Director on 30 Nov 2023. Virendra Ramesh Mahendra ceased to be Additional Director on 30 Nov 2023. Punyashlok Dahyabhai Bhakta ceased to be Additional Director on 31 Dec 2020. Digital Refresh Networks has 5 board changes on record in total.
Digital Refresh Networks has 6 MSME Form 1 returns on record between 2020 and 2023, listing 63 overdue payments to 48 micro and small suppliers. The latest return was filed on 01 Nov 2023.