About Dishnet Wireless Limited
Data last updated:
Dishnet Wireless Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Aircel Limited. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 10 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1998PLC283931. Its GSTIN is 13AAACD5767E1ZW (Nagaland). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹2,075 Cr and a paid-up capital of ₹29.8 Cr. It was formerly known as Dishnet Limited. It is led by directors including Kidambi Parthasarathy Varadharajan and Sandeep Vats.
Its last annual general meeting (AGM) was held on 26 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Opus Centre 47 Central Road Opposite Tunga Paradise MIDC, Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2017, the company reported a revenue of ₹6,637.05 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹1,234.21 Cr (net margin -18.6%) and EBITDA of ₹1,387.32 Cr (EBITDA margin 20.9%).
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹21,494 Cr and satisfied charges of ₹40,025 Cr on record. Court records list 566 cases involving the company, including 250 filed by the company and 317 filed against it; 132 cases are pending. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹1,608.82 Cr; the latest was in December 2011.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website aircel.com.
Company details
CIN history
Dishnet Wireless has one previous CIN (Corporate Identification Number): U74999TN1998PLC040075. The current CIN is U74999MH1998PLC283931, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1998PLC283931 | Current |
| U74999TN1998PLC040075 | Previous |
Contact details
Dishnet Wireless Limited's registered office is in Mumbai, Maharashtra. Its website is aircel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOpus Centre 47 Central Road Opposite Tunga Paradise MIDC, Mumbai, Maharashtra, India – 400093
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Dishnet Wireless Limited, buy the company report.
- 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 Dishnet Wireless 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 Dishnet Wireless Limited, buy the company report.
Financials of Dishnet Wireless Limited
FY 2017 filings availableDishnet Wireless Limited reported revenue of ₹6,637.05 Cr (up 4% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA fell 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹6,637.05 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1,387.32 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1,234.21 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 20.9% | ||
| Net Profit Margin | -18.6% | ||
| 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 Dishnet Wireless Limited, buy the company report.
Board of directors of Dishnet Wireless Limited
Dishnet Wireless has 4 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Jain | Additional Director | 10 Apr 2019 | 7 Years 6 Months | Current |
| Kidambi Parthasarathy Varadharajan Also directs: Aircel Limited | Director | 03 Apr 2024 | 2 Years 6 Months | Current |
| Sandeep Vats | Director | 18 Feb 2018 | 8 Years 8 Months | Current |
| Prakash Radheshyam Mishra Also directs: Aircel Limited, Aircel Cellular Limited, THG Nutrition (India) Private Limited and 3 more | Director | 18 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Dishnet Wireless Limited is audited by B S R and Associates LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R and Associates LLP | FY 2017 | 116231W/W100024 |
Shareholding
The shareholding of Dishnet Wireless Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dishnet Wireless Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 May 2014 | 10493043 | Others | ₹17,479 Cr | Open | |
| 12 Jul 2011 | 10295619 | Sbicap Trustee Company Limited | ₹543.16 Cr | Open | |
| 29 Apr 2011 | 10286641 | Sbicap Trustee Company Limited | ₹3,472.17 Cr | Open | |
| 25 Feb 2014 | 10480062 | Sbicap Trustee Company Limited | ₹13,729 Cr | Satisfied | |
| 29 Nov 2011 | 10319584 | Idbi Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Dishnet Wireless Limited, buy the company report.
Total charge records: 48 View all charges
Deals & funding
Dishnet Wireless Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹1,608.82 Cr; the latest was in December 2011.
Deals on record (1 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2004 | Acquisition | ₹269.78 Cr | Buyer: Tata Communications Limited Seller: Dishnet Wireless Limited |
To see the full deal history of Dishnet Wireless 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
Dishnet Wireless Limited has 566 court cases on record: 250 filed by Dishnet Wireless, 317 filed against it. 132 cases are pending and 434 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 319 | 102 | 51 |
| District courts | 178 | 162 | 43 |
| Supreme Court | 51 | 36 | 27 |
| NCLAT | 17 | 16 | 11 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 566)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against M/S Soni Realtors Pvt. Ltd. and 1 other | Pending |
| Supreme Court | Court case (4501-Telegraph & Telecom Laws : Telegraph & Telecom laws) | Filed by the company against Bharti Airtel Ltd. Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase -II , District: Delhi ,New Delhi , Delhi and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Uv Asset Reconstruction Company Limited & Anr. and 1 other | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Uv Asset Reconstruction Company Limited & Anr. and 1 other | Disposed |
| High Court, Arunachal Pradesh | Appeal | Filed against the company by GTL Infrastructure Limited and Anr. and 1 other | Disposed |
To see the full case history of Dishnet Wireless 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.
Credit ratings & regulatory alerts
Dishnet Wireless Limited was last rated by Care on 16 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Nov 2021 |
To see the full credit ratings and regulatory alerts of Dishnet Wireless Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dishnet Wireless Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dishnet Wireless Limited has a workforce of 15 employees on its EPFO records as of Apr 02, 2024, across 3 active EPFO establishments.
GST
Dishnet Wireless has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 13AAACD5767E1ZW | Nagaland | Active | 01 Jul 2017 |
| 19AAACD5767E2ZJ | West Bengal | Active | 07 Jul 2017 |
| 15AAACD5767E3ZQ | Mizoram | Active | 29 Apr 2020 |
| 37AAACD5767E2ZL | Andhra Pradesh | Active | 29 Apr 2020 |
To see the full GST registrations and return filing status of Dishnet Wireless Limited, buy the company report.
Recent activity
Dishnet Wireless Limited has 35 board changes on record since 2007: 4 appointments and 31 cessations. The latest: Kidambi Parthasarathy Varadharajan was appointed as Director on 03 Apr 2024.
140 earlier events are in the company report.
News
Frequently asked questions
Dishnet Wireless is an active public limited company based in Mumbai, Maharashtra, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 10 March 1998 (28+ years old) and is registered under CIN U74999MH1998PLC283931.
Dishnet Wireless has 4 current directors:
- Sanjeev Jain - Additional Director
- Kidambi Parthasarathy Varadharajan - Director
- Sandeep Vats - Director
- Prakash Radheshyam Mishra - Director
The latest financial statements of Dishnet Wireless on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 July 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Dishnet Wireless is 13AAACD5767E1ZW, registered in Nagaland. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 19AAACD5767E2ZJ (West Bengal), 15AAACD5767E3ZQ (Mizoram), 37AAACD5767E2ZL (Andhra Pradesh).
The CIN (Corporate Identification Number) of Dishnet Wireless is U74999MH1998PLC283931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dishnet Wireless has 566 court cases on record: 250 filed by the company and 317 filed against it. 132 are pending. Most are in the high courts.
Dishnet Wireless was incorporated on 10 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Dishnet Wireless has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹1,608.82 Cr; the latest was in December 2011.
Kidambi Parthasarathy Varadharajan was appointed as Director on 03 Apr 2024. Prakash Radheshyam Mishra ceased to be Director on 09 Jun 2020. Sandeep Vats ceased to be Director on 09 Jun 2020. Dishnet Wireless has 35 board changes on record in total.
Dishnet Wireless can be reached through the website aircel.com. Its registered office is in Mumbai, Maharashtra, India.