About Globanet India Private Limited
Data last updated:
Globanet India Private Limited was a foreign private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Veritas Software Technologies India Private 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 14 September 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2016FTC285876. Its GSTIN is 27AAGCG5455Q1ZW (Maharashtra).
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors Vasudevan Vaidyanathan and Mangesh Krishnarao Kale.
Its last annual general meeting (AGM) was held on 23 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Bdo India Llp 9th Floor The Ruby North West Wing 28 Senapati Bapat Marg Dadar – West, Mumbai, Maharashtra, India – 400028.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.5 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹1.57 Lakh (net margin 13.7%) and EBITDA of ₹1.92 Lakh (EBITDA margin 16.7%). Revenue has declined at a compounded annual rate (CAGR) of 54% over three years and 10% over five years.
The company was associated with 1 brand: Globanet. Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is globanet.com.
Company details
Contact details
Globanet India Private Limited's registered office is in Mumbai, Maharashtra. Its website is globanet.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressBdo India Llp 9th Floor The Ruby North West Wing 28 Senapati Bapat Marg Dadar – West, Mumbai, Maharashtra, India – 400028
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Globanet 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
Globanet India operates one associated brand: Globanet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud data migration and archiving solutions are offered to enterprises. | globanet.com |
Business activity
The main business activity of Globanet 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 Globanet India Private Limited, buy the company report.
Financials of Globanet India Private Limited
FY 2022 filings availableGlobanet India Private Limited reported revenue of ₹11.5 Lakh (down 69% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 69% fall in the latest year. EBITDA fell 70% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.5 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.57 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.7% | ||||
| Net Profit Margin | 13.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Globanet India Private Limited, buy the company report.
Board of directors of Globanet India Private Limited
Globanet India has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasudevan Vaidyanathan Also directs: Veritas Software Technologies India Private Limited | Director | 25 Sep 2020 | 6 Years 1 Months | As last reported |
| Mangesh Krishnarao Kale Also directs: Arctera India Private Limited | Director | 17 Jun 2021 | 5 Years 4 Months | As last reported |
Peer comparison
Globanet India Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KN Infocept Private Limited | ₹11.52 Lakh (FY 2025) | 10.0% | Nagpur, Maharashtra, India | |||
| Pixeleyed Media Solution Private Limited | ₹11.51 Lakh (FY 2021) | -77.0% | Patna, Bihar, India | |||
| Avant Insights Private Limited | ₹11.51 Lakh (FY 2025) | 120.0% | Pune, Maharashtra, India | |||
| Deotic Cloudsolutions Private Limited | ₹11.5 Lakh (FY 2022) | 16.0% | Bangalore, Karnataka, India | |||
| Globanet India Private Limitedthis company | ₹11.5 Lakh (FY 2022) | ₹1.57 Lakh | 13.7% | -69.0% | Mumbai, Maharashtra, India | |
| KTP IT Creative Solutions Private Limited | ₹11.5 Lakh (FY 2023) | -26.0% | Kolkata, West Bengal, India | |||
| Saanhitha Consultancy Private Limited | ₹11.49 Lakh (FY 2020) | 505.0% | Vijayawada, Andhra Pradesh, India | |||
| Appzera (OPC) Private Limited | ₹11.49 Lakh (FY 2025) | -25.0% | Bangalore, Karnataka, India | |||
| Ifalcon Business Services Private Limited | ₹11.49 Lakh (FY 2024) | -57.0% | Virudhunagar, Tamil Nadu, India |
To see the full peer comparison of Globanet India Private Limited, buy the company report.
Shareholding
The shareholding of Globanet India Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Globanet India Private Limited, buy the company report.
Legal cases
Globanet India Private Limited has 1 court case on record: 1 filed by Globanet India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Globanet 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 Globanet India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Globanet India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG5455Q1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Globanet India Private Limited, buy the company report.
Recent activity
Globanet India Private Limited has 9 board changes on record since 2019: 2 appointments and 7 cessations. The latest: Mangesh Krishnarao Kale ceased to be Additional Director on 22 Sep 2021.
News
Frequently asked questions
Globanet 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.
Globanet India was a foreign private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 14 September 2016 and is registered under CIN U72900MH2016FTC285876. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Globanet India was incorporated on 14 September 2016. It is registered with the Registrar of Companies, Mumbai.
Globanet India had 2 directors:
- Vasudevan Vaidyanathan - Director
- Mangesh Krishnarao Kale - Director
The CIN (Corporate Identification Number) of Globanet India is U72900MH2016FTC285876. 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 Globanet India is at Bdo India Llp 9th Floor The Ruby North West Wing 28 Senapati Bapat Marg Dadar – West, Mumbai, Maharashtra, India – 400028.
Globanet India can be reached through the website globanet.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Globanet India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 23 September 2022. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Globanet India is 27AAGCG5455Q1ZW, registered in Maharashtra.
Globanet India operated in the information technology industry, in the IT consulting and support services segment.
The peers of Globanet India by revenue are KN Infocept Private Limited, Pixeleyed Media Solution Private Limited, Avant Insights Private Limited, Deotic Cloudsolutions Private Limited, KTP IT Creative Solutions Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).