About Ishan Netsol Private Limited
Data last updated:
Ishan Netsol Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 09 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2007PTC051929. Its GSTIN is 24AABCI7583C1ZP (Gujarat). The company holds 24 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.41 Cr. It is led by directors including Pinkesh Narendrabhai Kotecha (Managing Director) and Mahesh Narendrabhai Kotecha.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – 11 Privilon Iskcon Cross Road Ambli – Bopal Road, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹230.14 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹11.84 Cr (net margin 5.1%) and EBITDA of ₹36.05 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 28% over five years.
The company has about 1,374 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ishan Technologies and Ishan. As per MCA filings, the company has open charges of ₹144.2 Cr and satisfied charges of ₹13.66 Cr on record. Court records list 25 cases involving the company, including 14 filed by the company and 1 filed against it; 5 cases are pending. The company has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹7.37 Cr; the latest was in May 2019. Its 10 peer companies in the Telecom industry (Landline ISP and Broadband) are compared by revenue, 5 larger and 5 smaller; the largest is Oneott Intertainment Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ishanitech.biz.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressB – 11 Privilon Iskcon Cross Road Ambli – Bopal Road, Ahmedabad, Gujarat, India – 380054
- IndustryTelecom, ISP & Broadband 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 Ishan Netsol Private Limited
The main business activity of Ishan Netsol is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Ishan Netsol Private Limited FY 2025 filings available
Ishan Netsol Private Limited reported revenue of ₹230.14 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ishan Netsol Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 12% growth in the latest year. EBITDA rose 30% 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 Ishan Netsol Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ishan Netsol Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.1% | •••• | •••• | •••• | •••• |
| 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 Ishan Netsol 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 Ishan Netsol Private Limited
Ishan Netsol Private Limited is compared with the companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Oneott Intertainment Limited | •••• | •••• | •••• | •••• | 189 | Mumbai, Maharashtra, India |
| Whitefield Communication Private Limited | •••• | •••• | •••• | •••• | - | Perambur Purasawalkam, Tamil Nadu, India |
| Quadrant Televentures Limited Listed | •••• | •••• | •••• | •••• | 1,046 | Aurangabad, Maharashtra, India |
| Orange Business Services India Network Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Microscan Infocommtech Private Limited | •••• | •••• | •••• | •••• | 384 | Mumbai, Maharashtra, India |
| Ishan Netsol Private Limited this company | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Tikona Infinet Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Pioneer Elabs Limited | •••• | •••• | •••• | •••• | 120 | Hyderabad, Telangana, India |
| Andhra Pradesh State Fibernet Limited | •••• | •••• | •••• | •••• | - | Vijayawada, Andhra Pradesh, India |
| Grandiose Imports and Exports Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| National Internet Exchange of India | •••• | •••• | •••• | •••• | 42 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ishan Netsol by revenue in the Telecom industry (Landline ISP and Broadband), 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 Ishan Netsol Private Limited
Ishan Netsol Private Limited is audited by KOTAK MANDAVIA AND CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KOTAK MANDAVIA AND 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 Ishan Netsol Private Limited
Ishan Netsol has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeet Ketan Marwadi Also directs: 1 Finance P2p Private Limited, 1 Finance Private Limited, Ishan Infotech Limited and 5 more | Nominee Director | 10 Jun 2019 | 7 Years 3 Months | Current |
| Amish Jitendra Chandarana Also directs: Marwadi Chandarana Enterprise LLP, Optimusprime Securities and Research LLP, Optimusprime Quantitative Research LLP and 5 more | Nominee Director | 10 Jun 2019 | 7 Years 3 Months | Current |
| Mahesh Narendrabhai Kotecha Also directs: Ishan Infotech Limited, Ishan Netcom Private Limited, Deivdeep Enterprise Private Limited and 1 more | Director | 09 Oct 2007 | 18 Years 11 Months | Current |
| Purvi Pinkesh Kotecha Also directs: Ishan Infotech Limited | Director | 09 Oct 2007 | 18 Years 11 Months | Current |
| Pinkesh Narendrabhai Kotecha Also directs: Ishan Infotech Limited, Terrix AI Private Limited, Saksham AI Infra Private Limited and 1 more | Managing Director | 09 Oct 2007 | 18 Years 11 Months | Current |
Ownership and Shareholding of Ishan Netsol 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 Ishan Netsol Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2025 | Others | ₹70.36 Lakh | Open |
| 30 Jun 2025 | Others | ₹15 Cr | Open |
| 20 Apr 2024 | Hdfc Bank Limited | ₹80 Cr | Open |
| 28 Mar 2023 | Hdfc Bank Limited | ₹3 Cr | Open |
| 30 Dec 2019 | Axis Bank Limited | ₹12.75 Cr | Open |
Total charge records: 12 View all charges
Deals & Funding of Ishan Netsol Private Limited
Ishan Netsol Private Limited has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹7.37 Cr; the latest was in May 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Funding round | ₹7.06 Cr | Investors: Marwadi Chandarana Enterprise LLP |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2017 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Feb 2015 | Rights issue | ₹50 Lakh | Investors: 4 individuals |
| Mar 2014 | Funding round | ₹13.4 Lakh | Investors: 4 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ishan Netsol Private Limited
Ishan Netsol Private Limited has 25 court cases on record: 14 filed by Ishan Netsol, 1 filed against it, 10 where it is another party. 5 cases are pending and 20 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 1 | 5 |
| High courts | 8 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Pegasuswave Private Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Global R . A. Net Services Private Limited | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Johnson Tele Marketers Private Limited | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Meghlinked India Private Limited | Disposed |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Net Onair Networks Private Limited | Disposed |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Ishan Netsol Private Limited
Ishan Netsol operates two associated brands: Ishan Technologies and Ishan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers integrated network, system integration, and cybersecurity services for business growth. | ishantechnologies.com | |
| Business internet, email, security and IP services provider | ishanitech.biz |
Employees and EPFO Compliance at Ishan Netsol Private Limited
Ishan Netsol Private Limited has a workforce of 1,374 employees as of Aug 02, 2025.
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.
News related to Ishan Netsol Private Limited
Recent Activity on Ishan Netsol Private Limited
Ishan Netsol Private Limited has 7 board changes on record since 2007: 5 appointments and 2 cessations. The latest: Kaikhushru Vicaji Taraporevala ceased to be Additional Director on 25 Nov 2020.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ishan Netsol 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 Ishan Netsol 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 Ishan Netsol 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 Ishan Netsol Private Limited
Ishan Netsol has 24 GST registrations: 24 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI7583C1ZP | Gujarat | Active | 01 Jul 2017 |
| 24AABCI7583C2ZO | Gujarat | Active | 01 Apr 2025 |
| 08AABCI7583C1ZJ | Rajasthan | Active | 27 Jul 2017 |
| 05AABCI7583C1ZP | Uttarakhand | Active | 03 Aug 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 Ishan Netsol 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 Ishan Netsol Private Limited
Ishan Netsol is an active private limited company based in Ahmedabad, Gujarat, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 09 October 2007 (19+ years old) and is registered under CIN U74900GJ2007PTC051929.
Ishan Netsol reported revenue of ₹230.14 Cr for FY 2025 (up 12% YoY).
Ishan Netsol has 5 current directors:
- Pinkesh Narendrabhai Kotecha - Managing Director
- Jeet Ketan Marwadi - Nominee Director
- Amish Jitendra Chandarana - Nominee Director
- Mahesh Narendrabhai Kotecha - Director
- Purvi Pinkesh Kotecha - Director
Ishan Netsol reported a net profit of ₹11.84 Cr (net margin 5.1%) and EBITDA of ₹36.05 Cr (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ishan Netsol is 23% over three years and 28% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ishan Netsol is 24AABCI7583C1ZP, registered in Gujarat. The company has 24 GST registrations in all, of which 24 are active. Other active GSTINs include 24AABCI7583C2ZO (Gujarat), 08AABCI7583C1ZJ (Rajasthan), 05AABCI7583C1ZP (Uttarakhand).
The CIN (Corporate Identification Number) of Ishan Netsol is U74900GJ2007PTC051929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ishan Netsol has 25 court cases on record: 14 filed by the company and 1 filed against it. 5 are pending. Most are in the district courts.
Ishan Netsol was incorporated on 09 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ishan Netsol has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹7.37 Cr; the latest was in May 2019.
The peers of Ishan Netsol by revenue are Oneott Intertainment Limited, Whitefield Communication Private Limited, Quadrant Televentures Limited, Orange Business Services India Network Private Limited, Microscan Infocommtech Private Limited and 5 more, all in the Telecom industry (Landline ISP and Broadband).