DPIIT recognised startup Government of India
Startup India
Hcin Networks Limited - telecommunication in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.41 Cr
▲ 87% YoY
Net profit · FY 2024
₹7.73 Cr
Net margin 31.6%
EBITDA · FY 2024
₹9.34 Cr
EBITDA margin 38.2%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹12.88 Cr
Issued & subscribed
Open charges
₹21.64 Cr
Satisfied ₹10.38 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
110
Provident fund records
About Hcin Networks Limited
Data last updated:
Hcin Networks Limited is a public limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the satellite segment of the telecommunications sector. It was incorporated on 02 August 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64200HR2019PLC081805. Its GSTIN is 06AAECH9999J1ZQ (Haryana). The company holds 8 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹12.88 Cr. It is led by directors including Vikas (Managing Director) and Sukhbir Singh Bhatia.
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 Sector 30, Gurgaon, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.41 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net profit of ₹7.73 Cr (net margin 31.6%) and EBITDA of ₹9.34 Cr (EBITDA margin 38.2%). Revenue has grown at a compounded annual rate (CAGR) of 105% over three years.
The company is associated with 1 brand: Hi-Com India. As per MCA filings, the company has open charges of ₹21.64 Cr and satisfied charges of ₹10.38 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹12.5 Cr; the latest was in March 2024. Its 10 peer companies in the Telecom industry (Landline ISP and Broadband) are compared by revenue, 5 larger and 5 smaller; the largest is K Net Solutions Private Limited with revenue of ₹33.95 Cr.
Hcin Networks Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0120548). For more details, the company can be reached via its website hicomindia.in.
Company Details of Hcin Networks Limited
CIN U64200HR2019PLC081805
Registration Number 081805
Incorporation Date 02 August 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0120548
CIN History of Hcin Networks Limited
Hcin Networks has one previous CIN (Corporate Identification Number): U64200HR2019PTC081805. The current CIN is U64200HR2019PLC081805, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64200HR2019PLC081805 | Current |
| U64200HR2019PTC081805 | Previous |
Recognitions & Rankings of Hcin Networks
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0120548
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSts – 524 5th Floor DLF Star Tower, Sector 30 NH – 8 Silokhra II Silokhra Road, Gurgaon, Haryana, India – 122001
- IndustryTelecommunication, Satellite, Wired, Telecommunications, Wireless
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Associated Brands with Hcin Networks Limited
Hcin Networks operates one associated brand: Hi-Com India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT service suite solutions are provided by Hi-COM in India. | hicomindia.com |
Business Activity of Hcin Networks Limited
The main business activity of Hcin Networks is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication 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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- Filing-level activity changes
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Financials of Hcin Networks Limited FY 2024 filings available
Hcin Networks Limited reported revenue of ₹24.41 Cr (up 87% YoY) for FY 2024.
Revenue · FY 2024
₹24.41 Cr ▲ 87%
Net profit · FY 2024
₹7.73 Cr margin 31.6%
EBITDA · FY 2024
₹9.34 Cr margin 38.2%
Compounded Annual Growth Rate (CAGR) of Hcin Networks Limited
Revenue CAGR growth
1 year
▲ 87%
3 years · compounded
▲ 105%
EBITDA CAGR growth
3 years · compounded
▲ 290%
Revenue has grown at a compounded annual rate (CAGR) of 105% over three years, including 87% growth 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 Hcin Networks Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹24.41 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹9.34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.73 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 Hcin Networks Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 31.6% | •••• | •••• | •••• | •••• |
| 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 Hcin Networks are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Hcin Networks Limited
Hcin Networks has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukhbir Singh Bhatia | Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Shalini Also directs: Ivs Fabtech Private Limited, Load Controls Services Private Limited, Load Controls India Private Limited and 5 more | Director | 19 Sep 2020 | 6 Years 1 Months | Current |
| Ashish Grover | Director | 18 May 2024 | 2 Years 5 Months | Current |
| Vikas Also directs: Ivs Fashion Private Limited, Ivs Fabtech Private Limited, Load Controls Services Private Limited and 5 more | Managing Director | 23 Mar 2023 | 3 Years 6 Months | Current |
Peer Comparison of Hcin Networks Limited
Hcin Networks Limited is compared with the companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| K Net Solutions Private Limited | ₹33.95 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Siti Maurya Cable Net Private Limited | ₹33.87 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Kolkata, West Bengal, India |
| De-Cix Interwire Internet Services Private Limited | ₹32.57 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Nextra Teleservices Private Limited | ₹30.84 Cr (FY 2019) | •••• | •••• | -17.0% | •••• | Delhi, India |
| Ekinops Networks India Private Limited | ₹30.54 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Bangalore, Karnataka, India |
| Juweriyah Networks Private Limited | ₹29.82 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Softzon Infotech Private Limited | ₹29.3 Cr (FY 2018) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Smart Vision Communications Private Limited | ₹29.18 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Alwar, Rajasthan, India |
| Vortex Netsol Private Limited | ₹28.98 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| HCV Digital Entertainment Private Limited | ₹27.42 Cr (FY 2023) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Hcin Networks Limited this company | ₹24.41 Cr (FY 2024) | •••• | •••• | 87.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Hcin Networks by revenue in the Telecom industry (Landline ISP and Broadband), 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 Hcin Networks Limited
Hcin Networks Limited is audited by Sheetal Gattani & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sheetal Gattani & 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 Hcin Networks 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 Hcin Networks Limited
Open charges
₹21.64 Cr
Satisfied charges
₹10.38 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2025 | Others | ₹21.64 Cr | Open |
| 31 Aug 2023 | Others | ₹9.9 Cr | Satisfied |
| 04 Jan 2022 | Others | ₹48 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Hcin Networks Limited
Hcin Networks Limited has 1 deal on record (1 funding round), with disclosed funding of ₹12.5 Cr; the latest was in March 2024.
Total deals
1
Funding round
1
Disclosed funding
₹12.5 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹12.5 Cr | Investors: Swastika Investmart Limited , Ageless Capital, 2 individuals |
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Full deal history
All 1 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 Hcin Networks Limited
Hcin Networks Limited has a workforce of 110 employees as of Sep 16, 2025.
Employee count
110
Active EPFO establishments
1
Employee growth
182.05%
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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 Hcin Networks Limited
Hcin Networks Limited has 14 board changes on record since 2020: 5 appointments and 9 cessations. The latest: Viswanathan ceased to be CFO on 07 Mar 2025.
Charges
A charge registered on 31 Aug 2023 via Charge ID 100772972 with Others was fully satisfied on 03 Jul 2025.
Charges
A charge with Others amounted to Rs. 21.64 Cr with Charge ID 101128712 was registered on 30 Jun 2025.
Ceased
Viswanathan ceased to be CFO.
AGM
Hcin Networks Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 9.90 Cr registered on 31 Aug 2023 with Charge ID 100772972 was modified on 31 Jul 2024.
Ceased
Vikas ceased to be Director.
Ceased
Ashish Grover ceased to be Additional Director.
Ceased
Hannu Goyal ceased to be Additional Director.
Ceased
Sukhbir Singh Bhatia ceased to be Additional Director.
Appointed
Ashish Grover was appointed as Director.
Appointed
Hannu Goyal was appointed as Director.
Filing
Hcin Networks Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hcin Networks Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Hcin Networks 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 Hcin Networks Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Hcin Networks Limited
Hcin Networks has 8 GST registrations: 8 active. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECH9999J1ZQ | Haryana | Active | 08 Nov 2019 |
| 29AAECH9999J1ZI | Karnataka | Active | 06 Nov 2019 |
| 33AAECH9999J1ZT | Tamil Nadu | Active | 09 Nov 2019 |
| 07AAECH9999J1ZO | Delhi | Active | 28 Nov 2019 |
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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 Hcin Networks 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 Hcin Networks Limited
Hcin Networks is an active public limited company based in Gurgaon, Haryana, India. The company works in satellite, within the telecommunication industry. It was incorporated on 02 August 2019 (7+ years old) and is registered under CIN U64200HR2019PLC081805.
Hcin Networks reported revenue of ₹24.41 Cr for FY 2024 (up 87% YoY).
Hcin Networks has 4 current directors:
- Vikas - Managing Director
- Sukhbir Singh Bhatia - Director
- Shalini - Director
- Ashish Grover - Director
Hcin Networks reported a net profit of ₹7.73 Cr (net margin 31.6%) and EBITDA of ₹9.34 Cr (EBITDA margin 38.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hcin Networks is 105% over three years. In the latest year (FY 2024) revenue rose 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hcin Networks is 06AAECH9999J1ZQ, registered in Haryana. The company has 8 GST registrations in all, of which 8 are active. Other active GSTINs include 29AAECH9999J1ZI (Karnataka), 33AAECH9999J1ZT (Tamil Nadu), 07AAECH9999J1ZO (Delhi).
The CIN (Corporate Identification Number) of Hcin Networks is U64200HR2019PLC081805. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hcin Networks was incorporated on 02 August 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Hcin Networks has 1 deal on record (1 funding round), with disclosed funding of ₹12.5 Cr; the latest was in March 2024.
The peers of Hcin Networks by revenue are K Net Solutions Private Limited, Siti Maurya Cable Net Private Limited, De-Cix Interwire Internet Services Private Limited, Nextra Teleservices Private Limited, Ekinops Networks India Private Limited and 5 more, all in the Telecom industry (Landline ISP and Broadband).
Viswanathan ceased to be CFO on 07 Mar 2025. Vikas ceased to be Director on 17 Jul 2024. Ashish Grover ceased to be Additional Director on 15 Jun 2024. Hcin Networks has 14 board changes on record in total.