MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0047149
Galore Networks Private Limited - telecom in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹42.23 Cr
▲ 8.10% YoY
Net profit · FY 2024
₹19.95 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹2.4 Cr
EBITDA margin 5.7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹3.09 Cr
Issued & subscribed
Open charges
₹9.6 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
156
Provident fund records
About Galore Networks Private Limited
Data last updated:
Galore Networks Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the telecom network support segment of the telecommunications sector. It was incorporated on 12 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2013PTC071826. Its GSTIN is 29AAFCG4151N1Z8 (Karnataka). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.09 Cr. It was formerly known as Galore Networks India Private Limited. It is led by directors including Malayappan Raju (Managing Director) and Balaji Kulothungan.
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 #57 13th Cross Gajendra Nagar Baldwin Road, Bangalore, Karnataka, India – 560030.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.23 Cr. For the same year it recorded a net profit of ₹19.95 Lakh (net margin 0.5%) and EBITDA of ₹2.4 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company has about 156 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.6 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.24 Cr; the latest was in October 2022.
Galore Networks Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0047149). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ga-lore.com.
Company details
CIN U72200KA2013PTC071826
Registration Number 071826
Incorporation Date 12 November 2013
ROC Bangalore
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 MSME
Udyam Registration UDYAM-KR-03-0047149
Recognitions & Rankings of Galore Networks
Contact details
Galore Networks Private Limited's registered office is in Bangalore, Karnataka. Its website is ga-lore.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#57 13th Cross Gajendra Nagar Baldwin Road, Bangalore, Karnataka, India – 560030
- IndustryTelecom, Telecom Network Support
To see the full contact details of Galore Networks Private Limited, buy the company report.
Comprehensive company report
Galore Networks 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Galore Networks 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 Galore Networks Private Limited, buy the company report.
Financials of Galore Networks Private Limited
FY 2024 filings availableGalore Networks Private Limited reported revenue of ₹42.23 Cr for FY 2024.
Revenue · FY 2024
₹42.23 Cr
Net profit · FY 2024
₹19.95 Lakh margin 0.5%
EBITDA · FY 2024
₹2.4 Cr margin 5.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 9%
5 years · compounded
▼ 10%
Revenue has grown at a compounded annual rate (CAGR) of 1% over three years. 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 | ₹2.4 Cr | ||||
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| Net Profit (PAT) | ₹19.95 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Galore Networks Private Limited, buy the company report.
Board of directors of Galore Networks Private Limited
Galore Networks has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malayappan Raju Also directs: Oregalo Systems Private Limited, Yunktee Systems Private Limited | Managing Director | 12 Nov 2013 | 12 Years 11 Months | Current |
| Balaji Kulothungan Also directs: Oregalo Systems Private Limited, Yunktee Systems Private Limited | Director | 12 Nov 2013 | 12 Years 11 Months | Current |
| Vibhuti Shankar Also directs: Yunktee Systems Private Limited | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Galore Networks Private Limited is audited by MOHAN & CHANDRASEKHAR for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN & CHANDRASEKHAR | FY 2021 | 009148S |
Shareholding
The shareholding of Galore Networks Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Galore Networks Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2022 | 100545027 | Hdfc Bank Limited | ₹1.1 Cr | Open | |
| 13 Oct 2020 | 100407192 | Hdfc Bank Limited | ₹15.21 Lakh | Open | |
| 21 Feb 2017 | 100098524 | Others | ₹8.35 Cr | Open |
To see the full charge records of Galore Networks Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Galore Networks Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.24 Cr; the latest was in October 2022.
Total deals
3
Funding rounds
2
Rights issue
1
Disclosed funding
₹4.24 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Funding round | ₹3.1 Cr | Investors: Virtuous Moonshot Pte Limited, Sushre Global Pte Limited |
| May 2016 | Rights issue | ₹1.85 Cr | Investors: 2 individuals |
| Mar 2016 | Funding round | ₹1.14 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Galore Networks Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed against the company
6
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by R R Enterprises | Disposed |
| District court, Raipur, Chhattisgarh | Court case (P.W. Civil Regular) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Karma Ventures | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Karma Ventures | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Galore Networks 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 Galore Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Galore Networks Private Limited has a workforce of 156 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
156
Active EPFO establishments
1
Employee growth
-48.17%
GST
Galore Networks has 10 GST registrations: 3 active and 7 cancelled or inactive.
Total GSTINs
10
Active
3
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCG4151N1Z8 | Karnataka | Active | 01 Jul 2017 |
| 07AAFCG4151N1ZE | Delhi | Active | 01 Jul 2017 |
| 37AAFCG4151N1ZB | Andhra Pradesh | Active | 09 Nov 2017 |
To see the full GST registrations and return filing status of Galore Networks Private Limited, buy the company report.
Recent activity
Galore Networks Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Vibhuti Shankar was appointed as Director on 01 Feb 2024.
AGM
Galore Networks Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Galore Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Vibhuti Shankar was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.10 Cr with Charge ID 100545027 was registered on 21 Jan 2022.
Ceased
Balaji Kulothungan ceased to be Managing Director.
Ceased
Malayappan Raju ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100407192 was registered on 13 Oct 2020.
Charges
A charge with Others of Rs. 8.35 Cr registered on 21 Feb 2017 with Charge ID 100098524 was modified on 25 Mar 2019.
Charges
A charge with Others amounted to Rs. 8.35 Cr with Charge ID 100098524 was registered on 21 Feb 2017.
Appointed
Balaji Kulothungan was appointed as Director.
Appointed
Malayappan Raju was appointed as Managing Director.
Incorporation
12 Nov 2013
Galore Networks Private Limited was registered on 12 Nov 2013 with Roc Bangalore & aged 12 years 11 months as per MCA records.
Frequently asked questions
Galore Networks is an active private limited company based in Bangalore, Karnataka, India. The company works in telecom network support, within the telecom industry. It was incorporated on 12 November 2013 (13+ years old) and is registered under CIN U72200KA2013PTC071826.
Galore Networks has 3 current directors:
- Malayappan Raju - Managing Director
- Balaji Kulothungan - Director
- Vibhuti Shankar - Director
The latest financial statements of Galore Networks 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 Galore Networks is 29AAFCG4151N1Z8, registered in Karnataka. The company has 10 GST registrations in all, of which 3 are active and 7 are cancelled or inactive. Other active GSTINs include 07AAFCG4151N1ZE (Delhi), 37AAFCG4151N1ZB (Andhra Pradesh).
The CIN (Corporate Identification Number) of Galore Networks is U72200KA2013PTC071826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Galore Networks has 6 court cases on record: 6 filed against it. 1 is pending.
Galore Networks was incorporated on 12 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Galore Networks has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹4.24 Cr; the latest was in October 2022.
Vibhuti Shankar was appointed as Director on 01 Feb 2024. Balaji Kulothungan ceased to be Managing Director on 17 Jan 2022. Malayappan Raju ceased to be Director on 17 Jan 2022. Galore Networks has 5 board changes on record in total.
Yes, Galore Networks is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0047149).