About HCL Comnet Limited
Data last updated:
HCL Comnet Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Hcl Technologies 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 infrastructure management and services segment of the technology and IT services sector. It was incorporated on 08 August 2001.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL2001PLC111951. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹94.99 Lakh. It was led by directors including Renu Kawatra and Prahlad Rai Bansal.
Its last annual general meeting (AGM) was held on 26 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 806 Siddharth 96 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2019, the company reported a revenue of ₹195.26 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹12.51 Cr (net margin 6.4%) and EBITDA of ₹37.44 Cr (EBITDA margin 19.2%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years.
Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹256.6 Cr on record. Court records list 62 cases involving the company, including 41 filed by the company and 21 filed against it; 2 cases are pending.
The last known website on record is hcl.com.
Company details
Contact details
HCL Comnet Limited's registered office is in New Delhi, Delhi. Its website is hcl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address806 Siddharth 96 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryInformation Technology, IT Infrastructure Management & Services
To see the full contact details of HCL Comnet 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
Business activity
The main business activity of HCL Comnet 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 HCL Comnet Limited, buy the company report.
Financials of HCL Comnet Limited
FY 2019 filings availableHCL Comnet Limited reported revenue of ₹195.26 Cr (down 41% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over three years, including a 41% fall in the latest year. EBITDA fell 22% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹195.26 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.51 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | 6.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of HCL Comnet Limited, buy the company report.
Board of directors of HCL Comnet Limited
HCL Comnet has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renu Kawatra Also directs: Climatic Energy LLP, Studiof&B Food Services Private Limited | Director | 23 May 2015 | 11 Years 5 Months | As last reported |
| Prahlad Rai Bansal | Director | 09 Nov 2010 | 16 Years 0 Months | As last reported |
| Manish Anand | Director | 04 Dec 2012 | 13 Years 11 Months | As last reported |
| Atul Kumar Jain | Director | 31 Mar 2010 | 16 Years 7 Months | As last reported |
| Poornima Abhay Savargaonkar Also directs: Enriched Soil & Soul (OPC) Private Limited | Director | 23 May 2015 | 11 Years 5 Months | As last reported |
Auditor
HCL Comnet Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2019 | 101049W/E300004 |
Shareholding
The shareholding of HCL Comnet Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of HCL Comnet Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2012 | 10358354 | Hdfc Bank Limited | ₹6.67 Lakh | Satisfied | |
| 11 May 2012 | 10358356 | Hdfc Bank Limited | ₹4.72 Lakh | Satisfied | |
| 07 Jul 2009 | 10168074 | Cisco Systems Capital (India) Private Limited | ₹13.04 Cr | Satisfied | |
| 13 May 2009 | 10160223 | Cisco Systems Capital (India) Private Limited | ₹25.09 Cr | Satisfied | |
| 10 Nov 2008 | 10130661 | Cisco Systems Capital (India) Private Limited | ₹5.94 Cr | Satisfied |
To see the full charge records of HCL Comnet Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
HCL Comnet Limited has 62 court cases on record: 41 filed by HCL Comnet, 21 filed against it. 2 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 12 | 1 |
| High courts | 21 | 9 | 1 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Esjay Commerce Ltd. | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Vikasjyoti Commerce Ltd. | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed by the company against Swarajcomm Technologies Pvt Ltd Rep by Linga Navee | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
| High Court of Delhi | Tax appeal | Filed by the company against The Commissioner of Income Tax - IV | Pending |
To see the full case history of HCL Comnet 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.
Credit ratings & regulatory alerts
HCL Comnet Limited was last rated by Icra on 29 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Oct 2020 |
To see the full credit ratings and regulatory alerts of HCL Comnet Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for HCL Comnet Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
HCL Comnet has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| HCL Training & Staffing Services Private Limited | U74140DL2015PTC281555 |
To see the full group structure of HCL Comnet Limited, buy the company report.
GST
HCL Comnet has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of HCL Comnet Limited, buy the company report.
Recent activity
HCL Comnet Limited has 13 board changes on record since 2007: 5 appointments and 8 cessations. The latest: Poornima Abhay Savargaonkar was appointed as Director on 23 May 2015.
30 earlier events are in the company report.
News
Frequently asked questions
HCL Comnet 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.
HCL Comnet was a public limited company based in New Delhi, Delhi, India. The company worked in IT infrastructure management and services, within the information technology industry. It was incorporated on 08 August 2001 and is registered under CIN U74899DL2001PLC111951. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
HCL Comnet was incorporated on 08 August 2001. It is registered with the Registrar of Companies, Delhi.
HCL Comnet had 5 directors:
- Renu Kawatra - Director
- Prahlad Rai Bansal - Director
- Manish Anand - Director
- Atul Kumar Jain - Director
- Poornima Abhay Savargaonkar - Director
The CIN (Corporate Identification Number) of HCL Comnet is U74899DL2001PLC111951. 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 HCL Comnet is at 806 Siddharth 96 Nehru Place, New Delhi, Delhi, India – 110019.
HCL Comnet can be reached through the website hcl.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of HCL Comnet on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 26 September 2019. Year-wise statements from 2015 are in the company report.
No. HCL Comnet has 10 GST registrations on record and all of them are cancelled or inactive.
HCL Comnet operated in the information technology industry, in the IT infrastructure management and services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
