MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GA-01-0001158
Ethernetxpress India Private Limited - telecom in Porvorim, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹38.23 Cr
▲ 18% YoY
Net profit · FY 2024
₹2.33 Cr
Net margin 6.1%
EBITDA · FY 2024
₹5.66 Cr
EBITDA margin 14.8%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹13.79 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
119
Provident fund records
About Ethernetxpress India Private Limited
Data last updated:
Ethernetxpress India Private Limited is a private limited company based in Porvorim, Goa, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 14 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U72900GA2012PTC006968. Its GSTIN is 30AADCE0789L1ZL (Goa). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Tejesh Krishna Sawant and Mahadev Pandurang Govekar.
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 S.2 Office No. 201 Nova Cidade Nr. Orian Hotel Porvorim, Goa, India – 403521.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.23 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.33 Cr (net margin 6.1%) and EBITDA of ₹5.66 Cr (EBITDA margin 14.8%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 27% over five years.
The company has about 119 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ethernet Xpress India. As per MCA filings, the company has open charges of ₹13.79 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
Ethernetxpress India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0001158). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expl.in.
Company details
CIN U72900GA2012PTC006968
Registration Number 006968
Incorporation Date 14 June 2012
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GA-01-0001158
Recognitions & Rankings of Ethernetxpress India
Contact details
Ethernetxpress India Private Limited's registered office is in Porvorim, Goa. Its website is expl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.2 Office No. 201 Nova Cidade Nr. Orian Hotel Porvorim, Goa, India – 403521
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Ethernetxpress India Private Limited, buy the company report.
Comprehensive company report
Ethernetxpress India Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ethernetxpress India operates one associated brand: Ethernet Xpress India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides broadband and internet services to residential and corporate customers. | expl.in |
Business activity
The main business activity of Ethernetxpress India is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Ethernetxpress India Private Limited, buy the company report.
Financials of Ethernetxpress India Private Limited
FY 2024 filings availableEthernetxpress India Private Limited reported revenue of ₹38.23 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹38.23 Cr ▲ 18%
Net profit · FY 2024
₹2.33 Cr margin 6.1%
EBITDA · FY 2024
₹5.66 Cr margin 14.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 24%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 35%
5 years · compounded
▲ 33%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 18% growth in the latest year. EBITDA rose 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.33 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.8% | ||||
| Net Profit Margin | 6.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ethernetxpress India Private Limited, buy the company report.
Board of directors of Ethernetxpress India Private Limited
Ethernetxpress India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejesh Krishna Sawant Also directs: Goan Fibernet India Private Limited | Director | 04 Mar 2024 | 2 Years 7 Months | Current |
| Mahadev Pandurang Govekar Also directs: Xpress High Tech Development LLP, Edgecom Telecommunication Private Limited, Expressgate Saas Services Private Limited and 1 more | Director | 14 Jun 2012 | 14 Years 4 Months | Current |
Peer comparison
Ethernetxpress India Private Limited is compared with the 4 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nordic Semiconductor India Private Limited | ₹39.69 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India | |||
| Ethernetxpress India Private Limitedthis company | ₹38.23 Cr (FY 2024) | ₹2.33 Cr | 6.1% | 18.0% | 119 | Porvorim, Goa, India |
| Meghbela Cable & Broad Band Services Pvt Ltd | ₹38.19 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Honeycomb Telnet Private Limited | ₹37.65 Cr (FY 2025) | 0.0% | Thane, Maharashtra, India | |||
| Triple Play Interactive Network Private Limited | ₹37.09 Cr (FY 2024) | 9.0% | Gurugram, Haryana, India |
To see the full peer comparison of Ethernetxpress India Private Limited, buy the company report.
Auditor
Ethernetxpress India Private Limited is audited by Vinod Singhal & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vinod Singhal & Co. LLP | FY 2023 | 005826C/C400276 |
Shareholding
The shareholding of Ethernetxpress India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ethernetxpress India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.79 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2023 | 100819960 | Others | ₹4.98 Cr | Open | |
| 15 Nov 2023 | 100819963 | Others | ₹2.35 Cr | Open | |
| 20 Nov 2022 | 100650013 | Axis Bank Limited | ₹56 Lakh | Open | |
| 29 Sep 2022 | 100642259 | Axis Bank Limited | ₹2 Cr | Open | |
| 07 Jun 2022 | 100592629 | Indian Overseas Bank | ₹9.7 Lakh | Open |
To see the full charge records of Ethernetxpress India Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Ethernetxpress India Private Limited has 3 court cases on record: 1 filed by Ethernetxpress India, 2 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Criminal miscellaneous application | Filed against the company by State of Goa (Traffic Headquarters) | Pending |
| District court, Balasore, Odisha | Motor accident claim | Filed against the company by individuals | Disposed |
| High Court | Writ petition | Filed by the company against Union of India and 2 Ors and 2 others | Disposed |
To see the full case history of Ethernetxpress India Private 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 Ethernetxpress India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ethernetxpress India Private Limited has a workforce of 119 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
Employee count
119
Active EPFO establishments
1
Employee growth
-53.7%
GST
Ethernetxpress India has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AADCE0789L1ZL | Goa | Active | 01 Jul 2017 |
| 27AADCE0789L1Z8 | Maharashtra | Active | 05 Dec 2017 |
To see the full GST registrations and return filing status of Ethernetxpress India Private Limited, buy the company report.
Recent activity
Ethernetxpress India Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Ravi Manakchand Rathod ceased to be Director on 30 Dec 2024.
Ceased
Ravi Manakchand Rathod ceased to be Director.
AGM
Ethernetxpress India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Tejesh Krishna Sawant ceased to be Additional Director.
Filing
Ethernetxpress India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Goa.
Ceased
Sonal Govekar ceased to be Director.
Charges
A charge with Others of Rs. 498.00 Lakh registered on 15 Nov 2023 with Charge ID 100819960 was modified on 29 Mar 2024.
Appointed
Tejesh Krishna Sawant was appointed as Director.
Charges
A charge with Others amounted to Rs. 235.00 Lakh with Charge ID 100819963 was registered on 15 Nov 2023.
Charges
A charge with Others amounted to Rs. 498.00 Lakh with Charge ID 100819960 was registered on 15 Nov 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 56.00 Lakh with Charge ID 100650013 was registered on 20 Nov 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100642259 was registered on 29 Sep 2022.
Charges
A charge with Indian Overseas Bank amounted to Rs. 9.70 Lakh with Charge ID 100592629 was registered on 07 Jun 2022.
12 earlier events are in the company report.
Frequently asked questions
Ethernetxpress India is an active private limited company based in Porvorim, Goa, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 14 June 2012 (14+ years old) and is registered under CIN U72900GA2012PTC006968.
Ethernetxpress India has 2 current directors:
- Tejesh Krishna Sawant - Director
- Mahadev Pandurang Govekar - Director
The latest financial statements of Ethernetxpress India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ethernetxpress India is 30AADCE0789L1ZL, registered in Goa. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCE0789L1Z8 (Maharashtra).
The CIN (Corporate Identification Number) of Ethernetxpress India is U72900GA2012PTC006968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethernetxpress India has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Ethernetxpress India was incorporated on 14 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Ethernetxpress India by revenue are Nordic Semiconductor India Private Limited, Meghbela Cable & Broad Band Services Pvt Ltd, Honeycomb Telnet Private Limited, Triple Play Interactive Network Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Ravi Manakchand Rathod ceased to be Director on 30 Dec 2024. Tejesh Krishna Sawant ceased to be Additional Director on 29 Sep 2024. Sonal Govekar ceased to be Director on 30 Mar 2024. Ethernetxpress India has 6 board changes on record in total.
Yes, Ethernetxpress India is registered as a small enterprise under Udyam registration (number: UDYAM-GA-01-0001158).
Ethernetxpress India can be reached through the website expl.in. Its registered office is in Porvorim, Goa, India.