About Fortinet Innovation Centre India Private Limited
Data last updated:
Fortinet Innovation Centre India Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Fortinet Networks Mauritius Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 16 October 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U64202KA2003PTC032742. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹4.9 Lakh. It was led by directors including Naga Kishore Reddy Tarimala (Whole-Time Director) and Keith Franklin Jensen.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2017, the company reported a revenue of ₹56.7 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹4.42 Cr (net margin 7.8%) and EBITDA of ₹10.51 Cr (EBITDA margin 18.5%).
The company had about 221 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Meru Networks. The company has 3 deals on record (3 secondary share transfers); the latest was in September 2016.
The last known website on record is merunetworks.com.
Company details
Contact details
Fortinet Innovation Centre India Private Limited's registered office is in Bangalore, Karnataka. Its website is merunetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 1 C – 2 – 201 & C – 1 C – 2 301 2nd And 3rd Floor Tower – C The Millennia #1&2 Murphy Ro, Ad Ulsoor, Bangalore, Karnataka, India – 560008
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Fortinet Innovation Centre India 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
Brands
Fortinet Innovation Centre India operates one associated brand: Meru Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wireless infrastructure solutions are developed for enterprise networks. | merunetworks.com |
Business activity
The main business activity of Fortinet Innovation Centre India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Fortinet Innovation Centre India Private Limited, buy the company report.
Financials of Fortinet Innovation Centre India Private Limited
FY 2017 filings availableFortinet Innovation Centre India Private Limited reported revenue of ₹56.7 Cr (up 24% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year. EBITDA rose 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹10.51 Cr | ||
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| Net Profit (PAT) | ₹4.42 Cr | ||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||
| EBITDA Margin | 18.5% | ||
| Net Profit Margin | 7.8% | ||
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To see the full financial statements and ratios of Fortinet Innovation Centre India Private Limited, buy the company report.
Board of directors of Fortinet Innovation Centre India Private Limited
Fortinet Innovation Centre India has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keith Franklin Jensen | Director | 11 Sep 2015 | 11 Years 1 Months | As last reported |
| Naga Kishore Reddy Tarimala Also directs: Fortinet Technologies India Private Limited | Whole-Time Director | 11 Jul 2013 | 13 Years 3 Months | As last reported |
| John Lunsford Gregory Whittle | Director | 11 Sep 2015 | 11 Years 1 Months | As last reported |
Auditor
Fortinet Innovation Centre India Private Limited is audited by B K RAMADHYANI & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K RAMADHYANI & CO LLP | FY 2016 | 002878S |
Shareholding
The shareholding of Fortinet Innovation Centre India Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Fortinet Innovation Centre India Private Limited, buy the company report.
Deals & funding
Fortinet Innovation Centre India Private Limited has 3 deals on record (3 secondary share transfers); the latest was in September 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Meru Inc Seller: Meru Networks Inc |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2006 | Secondary share transfer | Undisclosed | Buyer: Meru Networks Inc, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Fortinet Innovation Centre India 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 Fortinet Innovation Centre India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fortinet Innovation Centre India Private Limited has a workforce of 221 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Fortinet Innovation Centre India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Fortinet Innovation Centre India Private Limited, buy the company report.
Recent activity
Fortinet Innovation Centre India Private Limited has 12 board changes on record since 2011: 3 appointments and 9 cessations. The latest: Ajay Malik ceased to be Additional Director on 12 Oct 2015.
3 earlier events are in the company report.
News
Frequently asked questions
Fortinet Innovation Centre India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Fortinet Innovation Centre India was a private limited company based in Bangalore, Karnataka, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 16 October 2003 and is registered under CIN U64202KA2003PTC032742. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Fortinet Innovation Centre India was incorporated on 16 October 2003. It is registered with the Registrar of Companies, Bangalore.
Fortinet Innovation Centre India had 3 directors:
- Naga Kishore Reddy Tarimala - Whole-Time Director
- Keith Franklin Jensen - Director
- John Lunsford Gregory Whittle - Director
The CIN (Corporate Identification Number) of Fortinet Innovation Centre India is U64202KA2003PTC032742. 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 Fortinet Innovation Centre India is at C – 1 C – 2 – 201 & C – 1 C – 2 301 2nd And 3rd Floor Tower – C The Millennia #1&2 Murphy Ro, Ad Ulsoor, Bangalore, Karnataka, India – 560008.
Fortinet Innovation Centre India can be reached through the website merunetworks.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Fortinet Innovation Centre India on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
No. Fortinet Innovation Centre India has 1 GST registration on record and it is cancelled or inactive.
Fortinet Innovation Centre India operated in the information technology industry, in the application development and software solutions segment.
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