Karnataka Fastnet Private Limited
About Karnataka Fastnet Private Limited
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Karnataka Fastnet Private Limited is a private limited company based in Bangalore North, Karnataka, India. It operates in the maritime transportation segment of the transportation sector. It was incorporated on 18 April 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U61103KA2023PTC172454.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhaskar Srinivasa and Babitha Shenoy.
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 Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹96.93 Lakh (net margin -65.8%) and EBITDA of -₹84.46 Lakh (EBITDA margin -57.3%).
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- Registered AddressNo. 121 1st Floor Eshwar Plaza Service Road, Woc Road Manjunath Nagar 1st Phase 1st Stage, Bangalore North, Karnataka, India – 560010
- IndustryTransportation, Maritime Transportation
- 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
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Business Activity of Karnataka Fastnet Private Limited
The main business activity of Karnataka Fastnet is information and communication. In detail, this covers telecommunications.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 61 | Telecommunications | 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 Karnataka Fastnet Private Limited FY 2025 filings available
Karnataka Fastnet Private Limited reported revenue of ₹1.47 Cr (up 122716% YoY) for FY 2025.
Financial Statement Summary of Karnataka Fastnet Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | -₹84.46 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹96.93 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 Karnataka Fastnet Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -57.3% | •••• |
| Net Profit Margin | -65.8% | •••• |
| 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 Karnataka Fastnet are in the company report.
Financial statements from FY 2024
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 Karnataka Fastnet Private Limited
Karnataka Fastnet Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Telecommunications). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alphatax Filing Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Durga Digital (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Andheri West, Maharashtra, India |
| Ifixture Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune City, Maharashtra, India |
| Agio Technologies Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Daivik Associates Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Karnataka Fastnet Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Singareni Home Entertainment Private Limited | •••• | •••• | •••• | •••• | - | Vijayawada, Andhra Pradesh, India |
| Hardik Telecommunication Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Activline Telecom Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Wow Solutions & Systems Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Sanaya Communications Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Karnataka Fastnet by revenue in the same principal business activity (Telecommunications), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Karnataka Fastnet Private Limited
Karnataka Fastnet has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhaskar Srinivasa Also directs: Madhura Mandya Tele Communication LLP, Waavelite Communication Private Limited, Koorg Broadband Services Private Limited and 5 more | Director | 18 Apr 2023 | 3 Years 5 Months | Current |
| Babitha Shenoy Also directs: Ken Virajpet Communications (OPC) Private Limited | Director | 18 Apr 2023 | 3 Years 5 Months | Current |
Charges & Borrowings of Karnataka Fastnet Private Limited
Karnataka Fastnet Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Karnataka Fastnet Private Limited
Employment history and EPFO contributions of people linked to Karnataka Fastnet.
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.
Recent Activity on Karnataka Fastnet Private Limited
Karnataka Fastnet Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Babitha Shenoy was appointed as Director on 18 Apr 2023.
Credit Ratings, Litigation & Regulatory Alerts for Karnataka Fastnet 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 Karnataka Fastnet 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 Karnataka Fastnet 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 Karnataka Fastnet Private Limited
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 Karnataka Fastnet 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 Karnataka Fastnet Private Limited
Karnataka Fastnet is an active private limited company based in Bangalore North, Karnataka, India. The company works in maritime transportation, within the transportation industry. It was incorporated on 18 April 2023 (3+ years old) and is registered under CIN U61103KA2023PTC172454.
Karnataka Fastnet reported revenue of ₹1.47 Cr for FY 2025 (up 122716% YoY).
Karnataka Fastnet has 2 current directors:
- Bhaskar Srinivasa - Director
- Babitha Shenoy - Director
Karnataka Fastnet reported a net loss of ₹96.93 Lakh (net margin -65.8%) and EBITDA of -₹84.46 Lakh (EBITDA margin -57.3%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Karnataka Fastnet is U61103KA2023PTC172454. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Fastnet was incorporated on 18 April 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Karnataka Fastnet by revenue are Alphatax Filing Private Limited, Durga Digital (OPC) Private Limited, Ifixture Technologies Private Limited, Agio Technologies Private Limited, Daivik Associates Private Limited and 5 more, all in the same principal business activity (Telecommunications).
Babitha Shenoy was appointed as Director on 18 Apr 2023. Bhaskar Srinivasa was appointed as Director on 18 Apr 2023.
The registered office of Karnataka Fastnet is at No. 121 1st Floor Eshwar Plaza Service Road, Woc Road Manjunath Nagar 1st Phase 1st Stage, Bangalore North, Karnataka, India – 560010.
Karnataka Fastnet has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.
Karnataka Fastnet operates in the transportation industry, in the maritime transportation segment.