Electronet-Ax Services Private Limited
About Electronet-Ax Services Private Limited
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Electronet-Ax Services Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 17 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014PTC075381. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Malathi Infotech Solutions Private Limited. It is led by directors Arasu Rajarajan and Karthik Kumar.
Its last annual general meeting (AGM) was held on 31 January 2021, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.17/1 17th A Cross 12th Main Malleshwaram, Bangalore, Karnataka, India – 560055.
As per the financials filed for FY 2019, the company reported a revenue of ₹50,864, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹4.81 Lakh and EBITDA of -₹1.33 Lakh (EBITDA margin -261%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years.
As per MCA filings, the company has open charges of ₹35 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Electronet-Ax Services Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.17/1 17th A Cross 12th Main Malleshwaram, Bangalore, Karnataka, India – 560055
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Electronet-Ax Services 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
Business activity
The main business activity of Electronet-Ax Services is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Electronet-Ax Services Private Limited, buy the company report.
Financials of Electronet-Ax Services Private Limited
FY 2019 filings availableElectronet-Ax Services Private Limited reported revenue of ₹50,864 (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over three years, including a 98% fall in the latest year. EBITDA fell 128% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹50,864 | ||||
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| EBITDA | -₹1.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | -261% | ||||
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To see the full financial statements and ratios of Electronet-Ax Services Private Limited, buy the company report.
Board of directors of Electronet-Ax Services Private Limited
Electronet-Ax Services has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arasu Rajarajan Also directs: Elio-Tejzas Private Limited, Ublis India Private Limited | Additional Director | 05 Mar 2021 | 5 Years 7 Months | Current |
| Karthik Kumar | Additional Director | 26 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Electronet-Ax Services Private Limited is audited by ANGURAJ AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANGURAJ AND ASSOCIATES | FY 2019 | 015777S |
Shareholding
The shareholding of Electronet-Ax Services Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Electronet-Ax Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Sep 2014 | 10531057 | Canara Bank | ₹35 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Electronet-Ax Services 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 Electronet-Ax Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Electronet-Ax Services has 2 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 Electronet-Ax Services Private Limited, buy the company report.
Recent activity
Electronet-Ax Services Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Clement Esleen Raj ceased to be Director on 15 Jul 2022.
1 earlier event is in the company report.
Frequently asked questions
Electronet-Ax Services is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 17 July 2014 (12+ years old) and is registered under CIN U72200KA2014PTC075381.
Electronet-Ax Services has 2 current directors:
- Arasu Rajarajan - Additional Director
- Karthik Kumar - Additional Director
The latest financial statements of Electronet-Ax Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 January 2021. Year-wise statements from 2015 are in the company report.
No. Electronet-Ax Services has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Electronet-Ax Services is U72200KA2014PTC075381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electronet-Ax Services was incorporated on 17 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Clement Esleen Raj ceased to be Director on 15 Jul 2022. Karthik Kumar was appointed as Additional Director on 26 Mar 2021. Premkumar ceased to be Director on 23 Mar 2021. Electronet-Ax Services has 9 board changes on record in total.
The registered office of Electronet-Ax Services is at No.171 17th A Cross 12th Main Malleshwaram, Bangalore, Karnataka, India – 560055.
Electronet-Ax Services operates in the information technology industry, in the electronic components and equipment manufacturing segment.
Electronet-Ax Services has open charges of ₹35 Lakh and no satisfied charges on record as per latest MCA filings.