About Icnet Software Solutions Private Limited
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Icnet Software Solutions Private Limited is a private limited company based in Warangal, Telangana, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 20 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2007PTC056793. Its GSTIN is 36AACCI7120E1ZY (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Suresh Chander Reddy Cheruku and Sumila Devi Cheruku.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1 – 7 – 970 Ekashila Colony Hunter Road Hanamkonda, Warangal, Telangana, India – 506010.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.17 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹8.31 Lakh (net margin -7.1%) and EBITDA of -₹5.91 Lakh (EBITDA margin -5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 61% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cnet-global.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1 – 7 – 970 Ekashila Colony Hunter Road Hanamkonda, Warangal, Telangana, India – 506010
- IndustryTravel and Hospitality, Consumer Professional Services
- 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
- One PDF report, delivered after checkout
Business Activity of Icnet Software Solutions Private Limited
The main business activity of Icnet Software Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Icnet Software Solutions Private Limited FY 2025 filings available
Icnet Software Solutions Private Limited reported revenue of ₹1.17 Cr (down 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Icnet Software Solutions Private Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 61%. EBITDA fell 123% 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 Icnet Software 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 | -₹5.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.31 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 Icnet Software Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -7.1% | •••• | •••• | •••• | •••• |
| 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 Icnet Software Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Icnet Software Solutions Private Limited
Icnet Software Solutions Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Luck Maker India Private Limited | •••• | •••• | •••• | •••• | - | East Delhi, Delhi, India |
| Sharp Industrial Machinery Maintenance Co Pvt Ltd | •••• | •••• | •••• | •••• | - | Secunderabad, Telangana, India |
| Prosperr.Io Private Limited | •••• | •••• | •••• | •••• | 110 | Bengaluru, Karnataka, India |
| Promosalons India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Viaan Consulting Services Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Icnet Software Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Warangal, Telangana, India |
| Falcon Minds Consulting Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Southern Infra Space Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| K Decor Da Interio Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Educan Global Operations Private Limited | •••• | •••• | •••• | •••• | - | Kottayam, Kerala, India |
| Sri Devi Resolutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Icnet Software Solutions by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Icnet Software Solutions Private Limited
Icnet Software Solutions Private Limited is audited by S V G & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S V G & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Icnet Software Solutions Private Limited
Icnet Software Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Chander Reddy Cheruku Also directs: Matilda Software Private Limited, Matilda Cloud Private Limited | Director | 20 Dec 2007 | 18 Years 9 Months | Current |
| Mahesh Cheruku Also directs: Matilda Software Private Limited, Matilda Cloud Private Limited | Additional Director | 15 Dec 2021 | 4 Years 9 Months | Current |
| Sumila Devi Cheruku | Director | 20 Dec 2007 | 18 Years 9 Months | Current |
Ownership and Shareholding of Icnet Software Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Icnet Software Solutions Private Limited
Icnet Software Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Icnet Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Icnet Software Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Icnet Software Solutions Private Limited
Icnet Software Solutions has one previous CIN (Corporate Identification Number): U72200AP2007PTC056793. The current CIN is U72200TG2007PTC056793, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2007PTC056793 | Current |
| U72200AP2007PTC056793 | Previous |
Recent Activity on Icnet Software Solutions Private Limited
Icnet Software Solutions Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Mahesh Cheruku was appointed as Additional Director on 15 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Icnet Software Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Icnet Software Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Icnet Software Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Icnet Software Solutions Private Limited
Icnet Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCI7120E1ZY | Telangana | Active | 02 Nov 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Icnet Software Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Icnet Software Solutions Private Limited
Icnet Software Solutions is an active private limited company based in Warangal, Telangana, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 20 December 2007 (19+ years old) and is registered under CIN U72200TG2007PTC056793.
Icnet Software Solutions reported revenue of ₹1.17 Cr for FY 2024 (down 42% YoY).
Icnet Software Solutions has 3 current directors:
- Suresh Chander Reddy Cheruku - Director
- Mahesh Cheruku - Additional Director
- Sumila Devi Cheruku - Director
Icnet Software Solutions reported a net loss of ₹8.31 Lakh (net margin -7.1%) and EBITDA of -₹5.91 Lakh (EBITDA margin -5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Icnet Software Solutions is 26% over three years and 61% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Icnet Software Solutions is 36AACCI7120E1ZY, registered in Telangana.
The CIN (Corporate Identification Number) of Icnet Software Solutions is U72200TG2007PTC056793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icnet Software Solutions was incorporated on 20 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Icnet Software Solutions by revenue are Luck Maker India Private Limited, Sharp Industrial Machinery Maintenance Co Pvt Ltd, Prosperr.Io Private Limited, Promosalons India Private Limited, Viaan Consulting Services Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Mahesh Cheruku was appointed as Additional Director on 15 Dec 2021. Manoher Reddy Cheruku ceased to be Managing Director on 02 Feb 2021. Sumila Devi Cheruku was appointed as Director on 20 Dec 2007. Icnet Software Solutions has 4 board changes on record in total.
Icnet Software Solutions can be reached through the website cnet-global.com. Its registered office is in Warangal, Telangana, India.