About Indian Cable Net Company Limited
Data last updated:
Indian Cable Net Company Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Siti Networks Limited. It operates in the cable tv and dth services segment of the media and publishing sector. It was incorporated on 06 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U61100WB1995PLC075754. Its GSTIN is 19AABCR4726Q1ZR (West Bengal). The company holds 12 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹88.16 Cr and a paid-up capital of ₹86.4 Cr. It was formerly known as Rpg Cablecom Limited. It is led by directors including Suresh Kumar Sethiya (Whole-Time Director) and Surendra Kumar Agarwala (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. – X1 – 4 Block Ep & Gp Sector – V Electronics Complex Salt Lake, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2023, the company reported a revenue of ₹413.7 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹52.52 Cr (net margin -12.7%) and EBITDA of ₹50.49 Cr (EBITDA margin 12.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 216 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹456.53 Cr on record. Court records list 68 cases involving the company, including 56 filed by the company and 12 filed against it; 20 cases are pending. The company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹11.3 Cr; the latest was in February 2019. Its 3 peer companies in the Media and Publishing industry (Cable Television and DTH), with the same principal business activity (wired, wireless or satellite telecommunication activities) are compared by revenue, 1 larger and 2 smaller; the largest is Kerala Vision Broad Band Limited with revenue of ₹560.14 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sitinetworks.com.
Company details
CIN history
Indian Cable Net Company has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U61100WB1995PLC075754, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U61100WB1995PLC075754 | Current |
| L92132WB1995PLC075754 | Previous |
| U92132WB1995PLC075754 | Previous |
Contact details
Indian Cable Net Company Limited's registered office is in Kolkata, West Bengal.
- Registered AddressPlot No. – X1 – 4 Block Ep & Gp Sector – V Electronics Complex Salt Lake, Kolkata, West Bengal, India – 700091
- IndustryMedia and Publishing, Cable TV & DTH 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
Business activity
The main business activity of Indian Cable Net Company 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 Indian Cable Net Company Limited, buy the company report.
Financials of Indian Cable Net Company Limited
FY 2023 filings availableIndian Cable Net Company Limited reported revenue of ₹413.7 Cr (down 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 53% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹413.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52.52 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.2% | ||||
| Net Profit Margin | -12.7% | ||||
| 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 Indian Cable Net Company Limited, buy the company report.
Board of directors and KMP of Indian Cable Net Company Limited
Indian Cable Net Company Limited currently reports 5 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Sethiya Also directs: Purvi Communications LLP, Maxpro Tracon Private Limited, Siti Meghbela Cable Net Private Limited and 3 more | Whole-Time Director | 07 Jun 2007 | 19 Years 4 Months | Current |
| Surendra Kumar Agarwala Also directs: Maxpro Tracon Private Limited, Siti Meghbela Cable Net Private Limited, Statt Solution Private Limited. and 5 more | Whole-Time Director | 29 Jul 2010 | 16 Years 3 Months | Current |
| Kavita Anand Kapahi | Director | 16 Nov 2015 | 10 Years 11 Months | Current |
| Shilpi Asthana Also directs: Siti Maurya Cable Net Private Limited, Reelrush Studios LLP, Master Channel Community Network Pvt Ltd and 3 more | Director | 24 Jan 2023 | 3 Years 9 Months | Current |
| Yogesh Sharma Also directs: Siti Networks India LLP | Director | 19 Jul 2021 | 5 Years 3 Months | Current |
| Atul Kumar Singh | Cfo | 01 Sep 2019 | 7 Years 2 Months | Current |
Peer comparison
Indian Cable Net Company Limited is compared with the 3 companies closest to it by revenue in the Media and Publishing industry (Cable Television and DTH), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kerala Vision Broad Band Limited | ₹560.14 Cr (FY 2025) | 24.0% | Thrissur, Kerala, India | |||
| Kal Cables Private Limited | ₹446.6 Cr (FY 2025) | 0.0% | Chennai, Tamil Nadu, India | |||
| Netplus Broadband Services Private Limited | ₹432.56 Cr (FY 2025) | -1.0% | Ludhiana, Punjab, India | |||
| Indian Cable Net Company Limitedthis company | ₹413.7 Cr (FY 2023) | -₹52.52 Cr | -12.7% | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Indian Cable Net Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2019 | 100274559 | Axis Bank Limited | ₹224.03 Cr | Satisfied | |
| 26 Oct 2016 | 100067068 | Others | ₹160 Cr | Satisfied | |
| 10 Mar 2014 | 10489159 | Kotak Mahindra Bank Limited | ₹72.5 Cr | Satisfied |
To see the full charge records of Indian Cable Net Company Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Indian Cable Net Company Limited has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹11.3 Cr; the latest was in February 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹247.5 Cr | Investors: Siti Networks Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Siti Networks Limited Seller: Siti Networks Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Smart Vinimay Pvt Ltd , 3 individuals Seller: Calcutta Communication Private Limited, Purvi Communication Private Limited, 2 individuals |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Siti Networks Limited Seller: Siti Networks Limited |
| Nov 2005 | Funding round | ₹11.15 Cr | Investors: Siti Networks Limited |
To see the full deal history of Indian Cable Net Company Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indian Cable Net Company Limited has 68 court cases on record: 56 filed by Indian Cable Net Company, 12 filed against it. 20 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 2 | 17 |
| High courts | 19 | 5 | 2 |
| Supreme Court | 4 | 4 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Global 365 Media Broadcasting Pvt Ltd | Pending |
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed by the company against Deon Networks Pvt. Ltd. | Pending |
| Supreme Court | Court case (4501-Telegraph & Telecom Laws : Telegraph & Telecom laws) | Filed against the company by Mahuaa Media Pvt. Ltd. Through Its Authorised Representative, Mr. P.K. Tiwari Plot No. 17, B , District: Noida ,Noida , Uttar Pradesh | Pending |
| High Court, West Bengal | Court case (MAT) | Filed against the company by Axis Bank Ltd. Abhirup Chakraborty | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Rajiv Dhamija Suspended Director and Shareholder of Manthan Broadband Services Pvt. Ltd. Resident of 172, Block &Ndash; G, New Alipore ,Kolkata , West Bengal and 1 other | Disposed |
To see the full case history of Indian Cable Net Company 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 Indian Cable Net Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indian Cable Net Company has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCR4726Q1ZR | West Bengal | Active | 01 Jul 2017 |
| 19AABCR4726Q1C2 | West Bengal | Active | 21 Jul 2020 |
| 09AABCR4726Q1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AABCR4726Q1Z9 | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Cable Net Company Limited, buy the company report.
Recent activity
Indian Cable Net Company Limited has 29 board changes on record since 2007: 6 appointments and 23 cessations. The latest: Shilpi Asthana ceased to be Additional Director on 15 Aug 2023.
29 earlier events are in the company report.
Frequently asked questions
Indian Cable Net Company is an active public limited company based in Kolkata, West Bengal, India. The company works in cable tv and dth services, within the media and publishing industry. It was incorporated on 06 December 1995 (31+ years old) and is registered under CIN U61100WB1995PLC075754.
Indian Cable Net Company has 6 current directors and KMP:
- Suresh Kumar Sethiya - Whole-Time Director
- Surendra Kumar Agarwala - Whole-Time Director
- Kavita Anand Kapahi - Director
- Shilpi Asthana - Director
- Yogesh Sharma - Director
- Atul Kumar Singh - Cfo
The latest financial statements of Indian Cable Net Company on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 16 August 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian Cable Net Company is 19AABCR4726Q1ZR, registered in West Bengal. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 19AABCR4726Q1C2 (West Bengal), 09AABCR4726Q1ZS (Uttar Pradesh), 10AABCR4726Q1Z9 (Bihar).
The CIN (Corporate Identification Number) of Indian Cable Net Company is U61100WB1995PLC075754. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Cable Net Company has 68 court cases on record: 56 filed by the company and 12 filed against it. 20 are pending. Most are in the district courts.
Indian Cable Net Company was incorporated on 06 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
Indian Cable Net Company has 7 deals on record (4 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹11.3 Cr; the latest was in February 2019.
The peers of Indian Cable Net Company by revenue are Kerala Vision Broad Band Limited, Kal Cables Private Limited, Netplus Broadband Services Private Limited, all in the Media and Publishing industry (Cable Television and DTH), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Shilpi Asthana ceased to be Additional Director on 15 Aug 2023. Shilpi Asthana was appointed as Director on 24 Jan 2023. Kavita Anand Kapahi ceased to be Additional Director on 10 Sep 2022. Indian Cable Net Company has 29 board changes on record in total.
Indian Cable Net Company can be reached through the website sitinetworks.com. Its registered office is in Kolkata, West Bengal, India.
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.
