MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0067270
Girnar Newtel Solutions Private Limited - consumer electronics & durables in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.23 Cr
▲ 31% YoY
Net loss · FY 2024
₹35.44 Lakh
Net margin -15.9%
EBITDA · FY 2024
-₹7.76 Lakh
EBITDA margin -3.5%
Authorised capital
₹1.7 Cr
Registered with MCA
Paid-up capital
₹1.64 Cr
Issued & subscribed
Open charges
₹1.45 Cr
Satisfied ₹1 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
7
Provident fund records
About Girnar Newtel Solutions Private Limited
Data last updated:
Girnar Newtel Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 26 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2011PTC058311. Its GSTIN is 29AAECG2409E1ZV (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.64 Cr. It is led by directors including Kolakaluri Jay Kumar and Surbhi Jain.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sfs B2 – 108 6th B Cross Yelahanka New Town, Bangalore, Karnataka, India – 560106.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.23 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹35.44 Lakh (net margin -15.9%) and EBITDA of -₹7.76 Lakh (EBITDA margin -3.5%). Revenue has declined at a compounded annual rate (CAGR) of 6% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Reliance E shop, OntheGo and Girnar Newtel. As per MCA filings, the company has open charges of ₹1.45 Cr and satisfied charges of ₹1 Cr on record. The company has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.46 Cr; the latest was in April 2021. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile VAS) are compared by revenue, 5 larger and 5 smaller; the largest is VKC Corporate Solutions Private Limited with revenue of ₹2.24 Cr.
Girnar Newtel Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0067270). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newtel.in.
Company Details of Girnar Newtel Solutions Private Limited
CIN U72200KA2011PTC058311
Registration Number 058311
Incorporation Date 26 April 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0067270
Key People
Kolakaluri Jay Kumar Director Aditya Raghunath Bagur Additional Director Surbhi Jain Director Recognitions & Rankings of Girnar Newtel Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSfs B2 – 108 6th B Cross Yelahanka New Town, Bangalore, Karnataka, India – 560106
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
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Associated Brands with Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions operates multiple associated brands including Reliance E shop, OntheGo, and Girnar Newtel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive mobile network services for reliable connectivity. | relianceeshop.com | |
| Delivers a cloud-based solution for field workforce management and tracking in enterprises. | onthego.ai | |
| A cloud-based inventory management system is developed by Girnar Newtel. | newtel.in |
Business Activity of Girnar Newtel Solutions Private Limited
The main business activities of Girnar Newtel Solutions are trade and information and communication. In detail, this covers wholesale trading and computer programming, consultancy and related activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Girnar Newtel Solutions Private Limited FY 2025 filings available
Girnar Newtel Solutions Private Limited reported revenue of ₹2.23 Cr (up 31% YoY) for FY 2024.
Revenue · FY 2024
₹2.23 Cr ▲ 31%
Net loss · FY 2024
₹35.44 Lakh margin -15.9%
EBITDA · FY 2024
-₹7.76 Lakh margin -3.5%
Compounded Annual Growth Rate (CAGR) of Girnar Newtel Solutions Private Limited
Revenue CAGR growth
1 year
▲ 31%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 121%
3 years · compounded
▼ 501%
5 years · compounded
▼ 8%
Revenue rose 31% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 121% 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 Girnar Newtel Solutions 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 | -₹7.76 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹35.44 Lakh | •••• | •••• | •••• | •••• |
| 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 Girnar Newtel Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15.9% | •••• | •••• | •••• | •••• |
| 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 Girnar Newtel Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions 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 |
|---|---|---|---|---|
| Kolakaluri Jay Kumar | Director | 26 Apr 2011 | 15 Years 5 Months | Current |
| Aditya Raghunath Bagur | Additional Director | 19 Feb 2019 | 7 Years 8 Months | Current |
| Surbhi Jain | Director | 11 Dec 2013 | 12 Years 10 Months | Current |
Peer Comparison of Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile VAS). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VKC Corporate Solutions Private Limited | ₹2.24 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Delhi, India |
| Aatotek Energia Private Limited | ₹2.24 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Lucknow, Uttar Pradesh, India |
| Nitmid Electronics Private Limited | ₹2.23 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Bangalore, Karnataka, India |
| Vigneshwara Technology Manufacturer Private Limited | ₹2.23 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Ludhiana, Punjab, India |
| Padamraj Departmental Stores Private Limited | ₹2.23 Cr (FY 2022) | •••• | •••• | -21.0% | •••• | Jodhpur, Rajasthan, India |
| Girnar Newtel Solutions Private Limited this company | ₹2.23 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| Health Air Cooling Systems Private Limited | ₹2.23 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Bhopal, Madhya Pradesh, India |
| Amt World Trade Private Limited | ₹2.23 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Kasaragod, Kerala, India |
| M. B. Surana Marketing Private Limited | ₹2.23 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Nashik, Maharashtra, India |
| Rits Capital Holdings Private Limited | ₹2.22 Cr (FY 2025) | •••• | •••• | -88.0% | •••• | New Delhi, Delhi, India |
| Aaniya Telecom Infra Private Limited | ₹2.22 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Girnar Newtel Solutions by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile VAS), 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 Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions Private Limited is audited by Ravala & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ravala & Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Girnar Newtel Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Girnar Newtel Solutions Private Limited
Open charges
₹1.45 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2020 | Others | ₹25 Lakh | Open |
| 21 Aug 2017 | Others | ₹1.2 Cr | Open |
| 27 Jun 2015 | Hdfc Bank Limited | ₹1 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions Private Limited has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.46 Cr; the latest was in April 2021.
Total deals
10
Funding rounds
5
Secondary share transfers
3
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹2.46 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Funding round | ₹51.6 Lakh | Investors: 3 individuals |
| Mar 2021 | Funding round | ₹23 Lakh | Investors: 2 individuals |
| Oct 2020 | Funding round | ₹38.4 Lakh | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Girnar Software Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Girnar Software Private Limited Seller: an individual |
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Full deal history
All 10 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions Private Limited has a workforce of 7 employees as of Mar 23, 2024.
Employee count
7
Active EPFO establishments
1
Employee growth
16.67%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Aditya Raghunath Bagur was appointed as Additional Director on 19 Feb 2019.
AGM
Girnar Newtel Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Girnar Newtel Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100373001 was registered on 25 Sep 2020.
Charges
A charge with Others of Rs. 1.20 Cr registered on 21 Aug 2017 with Charge ID 100152310 was modified on 23 Sep 2020.
Appointed
Aditya Raghunath Bagur was appointed as Additional Director.
Charges
A charge registered on 27 Jun 2015 via Charge ID 10577712 with Hdfc Bank Limited was fully satisfied on 13 Mar 2018.
Charges
A charge with Others amounted to Rs. 1.20 Cr with Charge ID 100152310 was registered on 21 Aug 2017.
Charges
A charge with Hdfc Bank Limited of Rs. 1.00 Cr registered on 27 Jun 2015 with Charge ID 10577712 was modified on 21 Mar 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.00 Cr with Charge ID 10577712 was registered on 27 Jun 2015.
Ceased
Surbhi Jain ceased to be Additional Director.
Ceased
Anurag Jain ceased to be Director.
Appointed
Surbhi Jain was appointed as Director.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Girnar Newtel Solutions Private Limited
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MSME Payment Delays by Girnar Newtel Solutions Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Girnar Newtel Solutions Private Limited
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Corporate group structure
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GST Compliance of Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG2409E1ZV | Karnataka | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Girnar Newtel Solutions Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Girnar Newtel Solutions Private Limited
Girnar Newtel Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 26 April 2011 (15+ years old) and is registered under CIN U72200KA2011PTC058311.
Girnar Newtel Solutions reported revenue of ₹2.23 Cr for FY 2024 (up 31% YoY).
Girnar Newtel Solutions has 3 current directors:
- Kolakaluri Jay Kumar - Director
- Aditya Raghunath Bagur - Additional Director
- Surbhi Jain - Director
Girnar Newtel Solutions reported a net loss of ₹35.44 Lakh (net margin -15.9%) and EBITDA of -₹7.76 Lakh (EBITDA margin -3.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Girnar Newtel Solutions is -6% over five years. In the latest year (FY 2024) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Girnar Newtel Solutions is 29AAECG2409E1ZV, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Girnar Newtel Solutions is U72200KA2011PTC058311. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Girnar Newtel Solutions was incorporated on 26 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Girnar Newtel Solutions has 10 deals on record (5 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹2.46 Cr; the latest was in April 2021.
The peers of Girnar Newtel Solutions by revenue are VKC Corporate Solutions Private Limited, Aatotek Energia Private Limited, Nitmid Electronics Private Limited, Vigneshwara Technology Manufacturer Private Limited, Padamraj Departmental Stores Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution, Mobile VAS).
Aditya Raghunath Bagur was appointed as Additional Director on 19 Feb 2019. Surbhi Jain ceased to be Additional Director on 30 Sep 2014. Anurag Jain ceased to be Director on 11 Dec 2013. Girnar Newtel Solutions has 5 board changes on record in total.