About Net 4 India Limited
Data last updated:
Net 4 India Limited is a public limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 29 November 1985.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L72200DL1985PLC022649. The company has 10 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from NSE on 11 Sep 2018 · compulsory delisting and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20.06 Cr. It was formerly known as Trident Developers Ltd and Net Four Internet.Com Ltd. It is led by directors Amarjit Singh Sawhney and Jasjit Singh Sawhney.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 139 – A – 1 S/F Mohammadpur New Delhi, Delhi, India – 110061.
As per the financials filed for FY 2016, the company reported a revenue of ₹41.04 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹64.02 Cr (net margin -156%) and EBITDA of -₹56.94 Cr (EBITDA margin -138.8%).
The company has about 304 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹190.5 Cr and satisfied charges of ₹16 Cr on record. Court records list 165 cases involving the company, including 14 filed by the company and 151 filed against it; 22 cases are pending. The company has 23 deals on record (11 market trades, 9 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.99 Cr; the latest was in January 2018. Its 3 peer companies in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities) are compared by revenue, 1 larger and 2 smaller; the largest is Yotta Network Services Private Limited with revenue of ₹62.64 Cr.
The last known website on record is net4.com.
Company details
Name history
Net 4 India has undergone 4 name changes throughout its history. The current legal name is Net 4 India Limited.
| Company Name | Status |
|---|---|
| Net 4 India Limited | Current |
| Trident Developers Ltd | Previous |
| Net Four Internet.Com Ltd | Previous |
| Mangla Chemical Ltd | Previous |
| Amulet Developers Ltd | Previous |
Contact details
Net 4 India Limited's registered office is in New Delhi, Delhi. Its website is net4.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address139 – A – 1 S/F Mohammadpur New Delhi, Delhi, India – 110061
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Net 4 India 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 Net 4 India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Net 4 India Limited, buy the company report.
Financials of Net 4 India Limited
FY 2016 filings availableNet 4 India Limited reported revenue of ₹41.04 Cr (up 14% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year. EBITDA fell 15% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹41.04 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹56.94 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹64.02 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -138.8% | |
| Net Profit Margin | -156% | |
| 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 Net 4 India Limited, buy the company report.
Board of directors of Net 4 India Limited
Net 4 India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjit Singh Sawhney | Director | 01 Apr 2012 | 14 Years 6 Months | As last reported |
| Jasjit Singh Sawhney Also directs: Pipetel Communications Private Limited, Net4 Network Services Limited, Net 4 Communications Ltd and 1 more | Director | 01 Apr 2006 | 20 Years 6 Months | As last reported |
Peer comparison
Net 4 India Limited is compared with the 3 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yotta Network Services Private Limited | ₹62.64 Cr (FY 2024) | 35.0% | Mumbai, Maharashtra, India | |||
| Extranet Supports Private Limited | ₹53.03 Cr (FY 2025) | 55.0% | Ernakulam, Kerala, India | |||
| Wish Net Private Limited | ₹49.07 Cr (FY 2024) | 2.0% | Kolkata, West Bengal, India | |||
| Net 4 India Limitedthis company | ₹41.04 Cr (FY 2016) | -₹64.02 Cr | -156% | 14.0% | 304 | New Delhi, Delhi, India |
To see the full peer comparison of Net 4 India Limited, buy the company report.
Auditor
Net 4 India Limited is audited by LAXMI TRIPTI & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LAXMI TRIPTI & ASSOCIATES | FY 2016 | 009189C |
Shareholding
The shareholding of Net 4 India Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Net 4 India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2013 | 10418639 | State Bank of Travancore | ₹15 Cr | Open | |
| 24 Jan 2012 | 10334715 | State Bank of Travancore | ₹20 Cr | Open | |
| 09 Aug 2010 | 10235699 | Others | ₹21 Cr | Open | |
| 23 Jun 2010 | 10229184 | State Bank of Hyderabad | ₹12 Cr | Open | |
| 08 Feb 2006 | 80014915 | Edelweiss Asset Reconstruction Company Limited | ₹24 Cr | Open |
To see the full charge records of Net 4 India Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Net 4 India Limited has 23 deals on record (11 market trades, 9 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.99 Cr; the latest was in January 2018.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Market trade | ₹3.9 Lakh | Buyer: Fms Securities Limited Seller: Century Finvest Private Limited |
| Apr 2017 | Market trade | ₹3.2 Lakh | Buyer: Fms Securities Limited Seller: Century Finvest Private Limited |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Paisalo Digital Limited , Others Net4 India Ltd. Seller: Century Finvest Private Limited , Trak Online Net India Private Limited , Rupee Finance and Management Private Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Times Publishing House Limited , Ganjam Trading Company Private Limited , Ifci Factors Limited Seller: Share India Securities Limited., Trak Online Net India Private Limited , Sterling Capital Private Limited , an individual |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Share India Securities Limited., Ayn Ventures India Private Limited , Others Net4 India Ltd. Seller: Sterling Capital Private Limited , Tenacious Investment Services Private Limited , 2 individuals |
To see the full deal history of Net 4 India 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
Net 4 India Limited has 165 court cases on record: 14 filed by Net 4 India, 151 filed against it. 22 cases are pending and 143 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 126 | 124 | 18 |
| High courts | 33 | 22 | 0 |
| NCLAT | 4 | 4 | 3 |
| Supreme Court | 2 | 1 | 1 |
Cases on record (5 of 165)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Open Platforms Pvt. Ltd Through Authorised Repesentative Mr. Sudhanshu Rawat & Ors. and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Ganjam Trading Company Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Ganjam Trading Company Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Entertainment Network India Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Setco Automotive Ltd. and Anr and 1 other | Disposed |
To see the full case history of Net 4 India 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 Net 4 India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Net 4 India has 4 subsidiary companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pipetel Communications Private Limited | U64200DL2009PTC193950 | |
| Pipetel Communications Private Limited | U64200DL2009PTC193950 | |
| Net4 Network Services Limited | U72200DL2011PLC219357 | |
| Net4 Network Services Limited | U72200DL2011PLC219357 |
To see the full group structure of Net 4 India Limited, buy the company report.
Employees & EPFO
Net 4 India Limited has a workforce of 304 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Net 4 India has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Net 4 India Limited, buy the company report.
Recent activity
Net 4 India Limited has 26 board changes on record since 1999: 14 appointments and 12 cessations. The latest: Surya Chadha ceased to be Director on 28 Jan 2019.
33 earlier events are in the company report.
Frequently asked questions
Net 4 India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Net 4 India is a company under liquidation, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 29 November 1985 and is registered under CIN L72200DL1985PLC022649. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Net 4 India has 2 current directors:
- Amarjit Singh Sawhney - Director
- Jasjit Singh Sawhney - Director
The latest financial statements of Net 4 India on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Net 4 India is L72200DL1985PLC022649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Net 4 India is recorded as a listed company by MCA, but its shares were delisted from NSE on 11 Sep 2018 · compulsory delisting and from BSE on 28 Sep 2018 · compulsory delisting, and no longer trade on a stock exchange.
Net 4 India has open charges of ₹190.5 Cr and satisfied charges of ₹16 Cr as per latest MCA filings.
Net 4 India has 165 court cases on record: 14 filed by the company and 151 filed against it. 22 are pending. Most are in the district courts.
Net 4 India was incorporated on 29 November 1985. It is registered with the Registrar of Companies, Delhi.
Net 4 India has 23 deals on record (11 market trades, 9 secondary share transfers, 3 funding rounds), with disclosed funding of ₹35.99 Cr; the latest was in January 2018.
The peers of Net 4 India by revenue are Yotta Network Services Private Limited, Extranet Supports Private Limited, Wish Net Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (other information & communication service activities).