About HCL Comnet Systems & Services Limited
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HCL Comnet Systems & Services Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Hcl Technologies Limited. It operates in the telecom service providers segment of the telecommunications sector. It was incorporated on 29 December 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1993PLC056665. Its GSTIN is 09AAACH3130M1ZN (Uttar Pradesh). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹1.28 Cr. It was formerly known as Comnet Systems and Services Limited. It is led by directors including Praveen Seth and Goutam Rungta.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 806 Siddharth 96 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.22 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹96.09 Lakh (net margin 78.9%) and EBITDA of ₹97.29 Lakh (EBITDA margin 79.9%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 42% over five years.
The company is associated with 2 brands: HCL Group and HCL Technologies. As per MCA filings, the company has open charges of ₹8.5 Cr and satisfied charges of ₹67.65 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hcltech.com.
Company details
CIN history
HCL Comnet Systems & Services has one previous CIN (Corporate Identification Number): L74899DL1993PLC056665. The current CIN is U74899DL1993PLC056665, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1993PLC056665 | Current |
| L74899DL1993PLC056665 | Previous |
Contact details
HCL Comnet Systems & Services Limited's registered office is in New Delhi, Delhi. Its website is hcltech.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
- IndustryTelecom, Telecom Service Providers
To see the full contact details of HCL Comnet Systems & Services 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
HCL Comnet Systems & Services operates two associated brands: HCL Group and HCL Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HCL Group is recognized as a pioneer in modern computing and IT solutions. | hcl.com | |
| Provider of data analytics, cloud, networking, cyber security, support, and other outsourcing services | hcltech.com |
Financials of HCL Comnet Systems & Services Limited
FY 2026 filings availableHCL Comnet Systems & Services Limited reported revenue of ₹1.22 Cr (down 9% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 9% fall in the latest year. EBITDA rose 231% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹97.29 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹96.09 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 79.9% | ||||
| Net Profit Margin | 78.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of HCL Comnet Systems & Services Limited, buy the company report.
Board of directors of HCL Comnet Systems & Services Limited
HCL Comnet Systems & Services has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveen Seth Also directs: Versant India Private Limited, Sankalp Semiconductor Private Limited, Quest Informatics Private Limited and 4 more | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Goutam Rungta Also directs: Versant India Private Limited, Sankalp Semiconductor Private Limited, Quest Informatics Private Limited and 5 more | Director | 08 Nov 2019 | 7 Years 0 Months | Current |
| Swapan Johri | Director | 08 Nov 2019 | 7 Years 0 Months | Current |
Peer comparison
HCL Comnet Systems & Services Limited is compared with the 6 companies closest to it by revenue in the Telecom industry (Telecom Service Providers), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amtel Telecommunications Private Limited | ₹1.36 Cr (FY 2025) | 107.0% | Mumbai, Maharashtra, India | |||
| Opticonnect Telecom Solutions Private Limited | ₹1.35 Cr (FY 2019) | 86.0% | Nagpur, Maharashtra, India | |||
| Amved Consultancy Services Private Limited | ₹1.3 Cr (FY 2025) | -2.0% | Kamothe, Maharashtra, India | |||
| Asergis Telecom Services Private Limited | ₹1.26 Cr (FY 2021) | -25.0% | Delhi, India | |||
| Firstsquawk Info Solutions Private Limited | ₹1.25 Cr (FY 2025) | 12.0% | Thane, Maharashtra, India | |||
| Sanjay Telecom Private Limited | ₹1.25 Cr (FY 2024) | -95.0% | Alwar, Rajasthan, India | |||
| HCL Comnet Systems & Services Limitedthis company | ₹1.22 Cr (FY 2026) | ₹96.09 Lakh | 78.9% | -9.0% | New Delhi, Delhi, India |
To see the full peer comparison of HCL Comnet Systems & Services Limited, buy the company report.
Auditor
HCL Comnet Systems & Services Limited is audited by B S R & Co. LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2026 | 101248W/W-100022 |
Shareholding
The shareholding of HCL Comnet Systems & Services Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HCL Comnet Systems & Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2022 | 100643387 | Axis Bank Limited | ₹50 Lakh | Open | |
| 21 Mar 2005 | 80036318 | Axis Bank Limited | ₹8 Cr | Open | |
| 03 Feb 2022 | 100540670 | Axis Bank Limited | ₹50 Lakh | Satisfied | |
| 31 Mar 2020 | 100347876 | Axis Bank Limited | ₹4.53 Lakh | Satisfied | |
| 31 Mar 2020 | 100347874 | Axis Bank Limited | ₹4.48 Lakh | Satisfied |
To see the full charge records of HCL Comnet Systems & Services Limited, buy the company report.
Total charge records: 48 View all charges
Legal cases
HCL Comnet Systems & Services Limited has 22 court cases on record: 10 filed by HCL Comnet Systems & Services, 12 filed against it. 2 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 8 | 0 |
| District courts | 7 | 3 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Manak Shoe Company Pvt. Ltd. | Disposed |
| High Court, HARYANA | Arbitration matter | Filed against the company by M/S Manak Shoe Company Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CO.APPL.(M)) | Filed by the company against HCL Technologies Ltd | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by an individual | Pending |
| Supreme Court | Court case | Filed against the company by Union of India | Pending |
To see the full case history of HCL Comnet Systems & Services 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 Systems & Services Limited was last rated by Icra on 16 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Sep 2021 |
To see the full credit ratings and regulatory alerts of HCL Comnet Systems & Services Limited, buy the company report.
MSME payment delays
HCL Comnet Systems & Services Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 12 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| A P R A & Associates LLP | |||
| Iris Regtech Solutions Limited | |||
| an individual supplier | |||
| Work Store Private Limited | |||
| Bry- Air (Asia) Private Limited |
To see the full MSME payment records of HCL Comnet Systems & Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
HCL Comnet Systems & Services has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACH3130M1ZN | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HCL Comnet Systems & Services Limited, buy the company report.
Recent activity
HCL Comnet Systems & Services Limited has 14 board changes on record since 2010: 3 appointments and 11 cessations. The latest: Praveen Seth ceased to be Additional Director on 05 Sep 2024.
110 earlier events are in the company report.
News
Frequently asked questions
HCL Comnet Systems & Services is an active public limited company based in New Delhi, Delhi, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 29 December 1993 (33+ years old) and is registered under CIN U74899DL1993PLC056665.
HCL Comnet Systems & Services has 3 current directors:
- Praveen Seth - Director
- Goutam Rungta - Director
- Swapan Johri - Director
The latest financial statements of HCL Comnet Systems & Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HCL Comnet Systems & Services is 09AAACH3130M1ZN, registered in Uttar Pradesh. The company has 8 GST registrations in all, of which 1 is active and 7 are cancelled or inactive.
The CIN (Corporate Identification Number) of HCL Comnet Systems & Services is U74899DL1993PLC056665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HCL Comnet Systems & Services has 22 court cases on record: 10 filed by the company and 12 filed against it. 2 are pending. Most are in the high courts.
HCL Comnet Systems & Services was incorporated on 29 December 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of HCL Comnet Systems & Services by revenue are Amtel Telecommunications Private Limited, Opticonnect Telecom Solutions Private Limited, Amved Consultancy Services Private Limited, Asergis Telecom Services Private Limited, Firstsquawk Info Solutions Private Limited and 1 more, all in the Telecom industry (Telecom Service Providers), with the same principal business activity (other information & communication service activities).
Praveen Seth ceased to be Additional Director on 05 Sep 2024. Praveen Seth was appointed as Director on 31 Jul 2024. Goutam Rungta ceased to be Additional Director on 25 Sep 2020. HCL Comnet Systems & Services has 14 board changes on record in total.
HCL Comnet Systems & Services has 9 MSME Form 1 returns on record between 2019 and 2022, listing 12 overdue payments to 6 micro and small suppliers. The latest return was filed on 25 Sep 2023.
HCL Comnet Systems & Services can be reached through the website hcltech.com. Its registered office is in New Delhi, Delhi, India.
The registered office of HCL Comnet Systems & Services is at 806 Siddharth 96 Nehru Place, New Delhi, Delhi, India – 110019.
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