About Flair Network Systems Private Limited
Data last updated:
Flair Network Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the IT infrastructure management and services segment of the technology and IT services sector. It was incorporated on 01 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72400PN2010PTC136465. Its GSTIN is 27AABCF5488K1Z5 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Satish Dattatraya Kondalkar and Omkar Satish Kondalkar.
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 Fl No 2 S No.1/4B/2 Karve Nagar Near Surabhi Hotel Kothrud, Pune, Maharashtra, India – 411052.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.05 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Cr (net margin 8.7%) and EBITDA of ₹2.69 Cr (EBITDA margin 12.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
The company has about 47 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.61 Cr and satisfied charges of ₹6.28 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flairnetworksystems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFl No 2 S No.1/4B/2 Karve Nagar Near Surabhi Hotel Kothrud, Pune, Maharashtra, India – 411052
- IndustryInformation Technology, IT Infrastructure Management & 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 Flair Network Systems Private Limited
The main business activity of Flair Network Systems is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Flair Network Systems Private Limited FY 2025 filings available
Flair Network Systems Private Limited reported revenue of ₹21.05 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Flair Network Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 10% fall in the latest year. EBITDA rose 12% 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 of Flair Network Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.83 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 Flair Network Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.7% | •••• | •••• | •••• | •••• |
| 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 Flair Network Systems are in the company report.
Financial statements from 2015
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 Flair Network Systems Private Limited
Flair Network Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Infrastructure Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sky I T Infratech Private Limited | ₹22.13 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Velox Solutions Private Limited | ₹22.1 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Navi Mumbai, Maharashtra, India |
| Glodyne Technoserve Limited | ₹21.72 Cr (FY 2013) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| SB Secure Data Centers India Private Limited | ₹21.47 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Shahabad, Telangana, India |
| Navigator Systems Private Limited | ₹21.07 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Flair Network Systems Private Limited this company | ₹21.05 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Pune, Maharashtra, India |
| Converge Systems & Services Private Limited | ₹21 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Guwahati, Assam, India |
| Sapinfra Technologies Private Limited | ₹20.81 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Netforchoice Solutions Private Limited | ₹20.6 Cr (FY 2025) | •••• | •••• | 163.0% | •••• | New Delhi, Delhi, India |
| CTL Infocom Private Limited | ₹20.23 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ernakulam, Kerala, India |
| Eden Infosol Private Limited | ₹20.03 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Flair Network Systems by revenue in the Information Technology industry (Infrastructure Management), 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 Flair Network Systems Private Limited
Flair Network Systems Private Limited is audited by Y.M.DUGAD & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Y.M.DUGAD & 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 Flair Network Systems Private Limited
Flair Network Systems has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Dattatraya Kondalkar | Director | 01 Jun 2010 | 16 Years 4 Months | Current |
| Omkar Satish Kondalkar | Director | 14 Sep 2024 | 2 Years 0 Months | Current |
| Nivedita Satish Kondalkar | Director | 01 Jun 2010 | 16 Years 4 Months | Current |
Ownership and Shareholding of Flair Network Systems 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 Flair Network Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2025 | Others | ₹6.9 Cr | Open |
| 28 Feb 2025 | Others | ₹2.1 Cr | Open |
| 17 Dec 2024 | Others | ₹12.5 Lakh | Open |
| 28 Nov 2024 | Others | ₹48 Lakh | Open |
| 24 Jun 2024 | Others | ₹4.8 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Flair Network Systems Private Limited
Flair Network Systems Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by State of Maharashtra | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Flair Network Systems Private Limited
Flair Network Systems Private Limited has a workforce of 47 employees as of Mar 28, 2024.
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.
Recent Activity on Flair Network Systems Private Limited
Flair Network Systems Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Omkar Satish Kondalkar ceased to be Additional Director on 29 Sep 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Flair Network Systems 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.
MSME Payment Delays by Flair Network Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Flair Network Systems 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 Flair Network Systems Private Limited
Flair Network Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF5488K1Z5 | Maharashtra | Active | 01 Jul 2017 |
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 Flair Network Systems 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 Flair Network Systems Private Limited
Flair Network Systems is an active private limited company based in Pune, Maharashtra, India. The company works in IT infrastructure management and services, within the information technology industry. It was incorporated on 01 June 2010 (16+ years old) and is registered under CIN U72400PN2010PTC136465.
Flair Network Systems reported revenue of ₹21.05 Cr for FY 2024 (down 10% YoY).
Flair Network Systems has 3 current directors:
- Satish Dattatraya Kondalkar - Director
- Omkar Satish Kondalkar - Director
- Nivedita Satish Kondalkar - Director
Flair Network Systems reported a net profit of ₹1.83 Cr (net margin 8.7%) and EBITDA of ₹2.69 Cr (EBITDA margin 12.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Flair Network Systems is -9% over three years and -3% over five years. In the latest year (FY 2024) revenue fell 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Flair Network Systems is 27AABCF5488K1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Flair Network Systems is U72400PN2010PTC136465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flair Network Systems has 1 court case on record: 1 filed against it.
Flair Network Systems was incorporated on 01 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Flair Network Systems by revenue are Sky I T Infratech Private Limited, Velox Solutions Private Limited, Glodyne Technoserve Limited, SB Secure Data Centers India Private Limited, Navigator Systems Private Limited and 5 more, all in the Information Technology industry (Infrastructure Management).
Omkar Satish Kondalkar ceased to be Additional Director on 29 Sep 2025. Omkar Satish Kondalkar was appointed as Director on 14 Sep 2024. Nivedita Satish Kondalkar was appointed as Director on 01 Jun 2010. Flair Network Systems has 4 board changes on record in total.