Micronet Technologies Limited
About Micronet Technologies Limited
Data last updated:
Micronet Technologies Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 19 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U30007TG1998PLC029062. Its GSTIN is 36AACCM1544N1ZB (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10.9 Cr and a paid-up capital of ₹60.07 Lakh. It is led by directors including Satish Kumar Nimmagadda and Maganti Srinivas.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4th Floor A4/II Electronic Complex, Hyderabad, Telangana, India – 500062.
As per the financials filed for FY 2018, the company reported a revenue of ₹7.05 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹3.67 Cr (net margin -52%) and EBITDA of -₹3 Cr (EBITDA margin -42.6%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: MIC India. As per MCA filings, the company has open charges of ₹24.95 Cr and satisfied charges of ₹20 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered Address4th Floor A4/II Electronic Complex, Hyderabad, Telangana, India – 500062
- IndustryFinancial Services, Equipment Leasing & Financing
- 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
CIN History of Micronet Technologies Limited
Micronet Technologies has one previous CIN (Corporate Identification Number): U30007AP1998PLC029062. The current CIN is U30007TG1998PLC029062, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007TG1998PLC029062 | Current |
| U30007AP1998PLC029062 | Previous |
Associated Brands with Micronet Technologies Limited
Micronet Technologies operates one associated brand: MIC India. Each brand links to its own profile.
Competitors & Alternatives of Micronet Technologies Limited
Brands and companies operating in the same space as Micronet Technologies Limited include Flex, Dixon Technologies, Brandworks Technologies and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Flex | Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | San Jose, United States | 1969 |
 Dixon Technologies | Electronics manufacturing services are provided for consumer and home products. | Noida, India | 1993 |
 Brandworks Technologies | Provider of electronics manufacturing services | Palghar, India | 2017 |
 Veira Group | Electronic products are manufactured on contract by Veira Group. | Noida, India | 1975 |
 Oakter | Electronic contract manufacturing and design services are offered. | Noida, India | 2014 |
 Virtuoso Optoelectronics | Installation services for LED-based lighting systems are provided. | Nashik, India | 2015 |
 Numeric India | Uninterrupted power supply systems for electronics are manufactured and supplied. | Chennai, India | 1984 |
Business Activity of Micronet Technologies Limited
The main business activity of Micronet Technologies is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. 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.
Auditor Details of Micronet Technologies Limited
Micronet Technologies Limited is audited by PINNAMANENI & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PINNAMANENI & 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 Micronet Technologies Limited
Micronet Technologies has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar Nimmagadda | Director | 01 Jul 2007 | 19 Years 3 Months | Current |
| Maganti Srinivas | Director | 01 Jul 2007 | 19 Years 3 Months | Current |
| Ranga Ramachandran Also directs: Think Solar India Private Limited | Director | 01 Dec 2014 | 11 Years 10 Months | Current |
Financials of Micronet Technologies Limited FY 2024 filings available
Micronet Technologies Limited reported revenue of ₹7.05 Cr (down 18% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Micronet Technologies Limited
Revenue has declined at a compounded annual rate (CAGR) of 40% over three years, including a 18% fall in the latest year. EBITDA fell 246% 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 Micronet Technologies Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹7.05 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹3 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.67 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 of Micronet Technologies Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -42.6% | •••• | •••• | •••• |
| Net Profit Margin | -52% | •••• | •••• | •••• |
| 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 Micronet Technologies 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.
Ownership and Shareholding of Micronet Technologies 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.
Group Structure of Micronet Technologies Limited
Micronet Technologies has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Mic Digital Media Vizag Private Limited | U92190TG2005PTC047439 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Micronet Technologies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2012 | Srei Equipment Finance Private Limited | ₹7.45 Cr | Open |
| 20 Feb 2009 | Jm Financial Asset Reconstruction Company Private Limited | ₹12.5 Cr | Open |
| 27 Nov 2004 | Jm Financial Asset Reconstruction Company Private Limited | ₹5 Cr | Open |
| 07 Jun 2001 | State Bank of India | ₹20 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Micronet Technologies Limited
Employment history and EPFO contributions of people linked to Micronet Technologies.
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.
GST Compliance of Micronet Technologies Limited
Micronet Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCM1544N1ZB | Telangana | Active | 01 Jul 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.
Credit Ratings, Litigation & Regulatory Alerts for Micronet Technologies 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 Micronet Technologies 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 Micronet Technologies 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.
MCA Filings & Documents of Micronet Technologies 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.
Recent Activity on Micronet Technologies Limited
Frequently Asked Questions about Micronet Technologies Limited
Micronet Technologies is an active public limited company based in Hyderabad, Telangana, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 19 March 1998 (28+ years old) and is registered under CIN U30007TG1998PLC029062.
Micronet Technologies reported revenue of ₹7.05 Cr for FY 2018 (down 18% YoY).
Micronet Technologies has 3 current directors:
- Satish Kumar Nimmagadda - Director
- Maganti Srinivas - Director
- Ranga Ramachandran - Director
Micronet Technologies reported a net loss of ₹3.67 Cr (net margin -52%) and EBITDA of -₹3 Cr (EBITDA margin -42.6%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Micronet Technologies is -40% over three years. In the latest year (FY 2018) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Micronet Technologies is 36AACCM1544N1ZB, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Micronet Technologies is U30007TG1998PLC029062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Micronet Technologies was incorporated on 19 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Hyderabad.
The registered office of Micronet Technologies is at 4th Floor A4II Electronic Complex, Hyderabad, Telangana, India – 500062.