MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UP-28-0014151
Net2source Consulting Limited - information technology in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹48.23 Cr
▼ 19% YoY
Net profit · FY 2025
₹2.67 Cr
Net margin 5.5%
EBITDA · FY 2025
₹6.48 Cr
EBITDA margin 13.4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹51.15 Cr
Satisfied ₹97 Lakh
Company age
18 yrs
Est. 2008
Employees · EPFO
262
Provident fund records
About Net2source Consulting Limited
Data last updated:
Net2source Consulting Limited is a public limited company based in Delhi, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 30 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2008PLC180253. Its GSTIN is 07AACCN8270G1ZD (Delhi). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Manish Goyal and Rajinder Kumar Garg.
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 B – 66 Vivek Vihar Phase – I Delhi Dl – 110095, Delhi, India – 110095.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.23 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.67 Cr (net margin 5.5%) and EBITDA of ₹6.48 Cr (EBITDA margin 13.4%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 14% over five years.
The company has about 262 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹51.15 Cr and satisfied charges of ₹97 Lakh on record. Court records list 22 cases involving the company, including 8 filed by the company and 14 filed against it; 11 cases are pending.
Net2source Consulting Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0014151). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website net2source.com.
Company details
CIN U74140DL2008PLC180253
Registration Number 180253
Incorporation Date 30 June 2008
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-28-0014151
Recognitions & Rankings of Net2source Consulting
Contact details
Net2source Consulting Limited's registered office is in Delhi, Delhi. Its website is net2source.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressB – 66 Vivek Vihar Phase – I Delhi Dl – 110095, Delhi, India – 110095
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Net2source Consulting Limited, buy the company report.
Comprehensive company report
Net2source Consulting Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Net2source Consulting is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Net2source Consulting Limited, buy the company report.
Financials of Net2source Consulting Limited
FY 2024 filings availableNet2source Consulting Limited reported revenue of ₹48.23 Cr (down 19% YoY) for FY 2025.
Revenue · FY 2025
₹48.23 Cr ▼ 19%
Net profit · FY 2025
₹2.67 Cr margin 5.5%
EBITDA · FY 2025
₹6.48 Cr margin 13.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 6%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 56%
3 years · compounded
▲ 28%
5 years · compounded
▲ 19%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 56% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹6.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.67 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.4% | ||||
| Net Profit Margin | 5.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Net2source Consulting Limited, buy the company report.
Board of directors of Net2source Consulting Limited
Net2source Consulting has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Goyal Also directs: Agrg Products Private Limited, Agrg Industries Private Limited, Net2life Sciences Private Limited and 5 more | Director | 15 Jul 2014 | 12 Years 3 Months | Current |
| Rajinder Kumar Garg Also directs: Agrg Products Private Limited, Jevic Organics India Private Limited, Agrg Industries Private Limited and 5 more | Director | 08 Feb 2021 | 5 Years 8 Months | Current |
| Ashish Garg Also directs: Net2source LLP, Agrg Products Private Limited, Jevic Organics India Private Limited and 5 more | Director | 23 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Net2source Consulting Limited is compared with the 3 companies closest to it by revenue in the Education industry (Corporate and Commercial Training, HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kelly Outsourcing and Consulting Group India Private Limited | ₹48.78 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India | |||
| Talentployer Private Limited | ₹48.6 Cr (FY 2024) | -26.0% | Jaipur, Rajasthan, India | |||
| Net2source Consulting Limitedthis company | ₹48.23 Cr (FY 2025) | ₹2.67 Cr | 5.5% | -19.0% | 262 | Delhi, India |
| Scads HR Networks Private Limited | ₹47.84 Cr (FY 2021) | -2.0% | Delhi, India |
To see the full peer comparison of Net2source Consulting Limited, buy the company report.
Auditor
Net2source Consulting Limited is audited by KAD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAD & Associates | FY 2023 | 023932N |
Shareholding
The shareholding of Net2source Consulting Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Net2source Consulting Limited, buy the company report.
Charges & borrowings
Open charges
₹51.15 Cr
Satisfied charges
₹97 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2025 | 101165384 | Others | ₹30 Cr | Open | |
| 06 Nov 2024 | 101004373 | Others | ₹31.15 Lakh | Open | |
| 21 Oct 2023 | 100832595 | Hdfc Bank Limited | ₹30.25 Lakh | Open | |
| 17 Oct 2023 | 100804257 | Others | ₹7.68 Cr | Open | |
| 19 Sep 2023 | 100801884 | Standard Chartered Bank | ₹2.63 Cr | Open |
To see the full charge records of Net2source Consulting Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Net2source Consulting Limited has 22 court cases on record: 8 filed by Net2source Consulting, 14 filed against it. 11 cases are pending and 11 are disposed.
Total cases
22
Filed by the company
8
Filed against the company
14
Pending
11
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 14 | 10 |
| High courts | 1 | 0 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Panchkula, Haryana | Civil suit | Filed against the company by M/S H N Softech Pvt. Ltd. | Disposed |
| District court, Mathura, Uttar Pradesh | Criminal case | Filed against the company by State Government | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| High Court of Delhi | Court case (C.R.P.) | Filed by the company against an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Filed by the company against M/S Rally Infra | Pending |
To see the full case history of Net2source Consulting 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
Net2source Consulting Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Net2source Consulting Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Net2source Consulting has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Agrg Industries Private Limited | U17299DL2022PTC398960 | |
| Net2life Sciences Private Limited | U51397DL2021PTC388292 | |
| J.D.Softech Private Limited | U72900DL2003PTC121486 |
To see the full group structure of Net2source Consulting Limited, buy the company report.
Employees & EPFO
Net2source Consulting Limited has a workforce of 262 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
262
Active EPFO establishments
1
Employee growth
13.91%
GST
Net2source Consulting has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
7
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCN8270G1ZD | Delhi | Active | 10 Mar 2021 |
| 09AACCN8270G1Z9 | Uttar Pradesh | Active | 01 Jul 2017 |
| 23AACCN8270G1ZJ | Madhya Pradesh | Active | 06 Feb 2019 |
| 24AACCN8270G1ZH | Gujarat | Active | 08 Feb 2019 |
To see the full GST registrations and return filing status of Net2source Consulting Limited, buy the company report.
Recent activity
Net2source Consulting Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Ashish Garg ceased to be Additional Director on 30 Nov 2021.
Charges
A charge with Others amounted to Rs. 3,000.00 Lakh with Charge ID 101165384 was registered on 01 Sep 2025.
Charges
A charge with Others amounted to Rs. 31.15 Lakh with Charge ID 101004373 was registered on 06 Nov 2024.
AGM
Net2Source Consulting Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Net2Source Consulting Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.25 Lakh with Charge ID 100832595 was registered on 21 Oct 2023.
Charges
A charge with Others amounted to Rs. 768.00 Lakh with Charge ID 100804257 was registered on 17 Oct 2023.
Charges
A charge with Standard Chartered Bank amounted to Rs. 262.50 Lakh with Charge ID 100801884 was registered on 19 Sep 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 32.87 Lakh with Charge ID 100762485 was registered on 26 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 80.00 Lakh with Charge ID 100597511 was registered on 27 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.06 Lakh with Charge ID 100528500 was registered on 06 Jan 2022.
Ceased
Ashish Garg ceased to be Additional Director.
Ceased
Rajinder Kumar Garg ceased to be Additional Director.
12 earlier events are in the company report.
Frequently asked questions
Net2source Consulting is an active public limited company based in Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 30 June 2008 (18+ years old) and is registered under CIN U74140DL2008PLC180253.
Net2source Consulting has 3 current directors:
- Manish Goyal - Director
- Rajinder Kumar Garg - Director
- Ashish Garg - Director
The latest financial statements of Net2source Consulting on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Net2source Consulting is 07AACCN8270G1ZD, registered in Delhi. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 09AACCN8270G1Z9 (Uttar Pradesh), 23AACCN8270G1ZJ (Madhya Pradesh), 24AACCN8270G1ZH (Gujarat).
The CIN (Corporate Identification Number) of Net2source Consulting is U74140DL2008PLC180253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Net2source Consulting has 22 court cases on record: 8 filed by the company and 14 filed against it. 11 are pending. Most are in the district courts.
Net2source Consulting was incorporated on 30 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Net2source Consulting by revenue are Kelly Outsourcing and Consulting Group India Private Limited, Talentployer Private Limited, Scads HR Networks Private Limited, all in the Education industry (Corporate and Commercial Training, HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Ashish Garg ceased to be Additional Director on 30 Nov 2021. Rajinder Kumar Garg ceased to be Additional Director on 30 Nov 2021. Asha Garg ceased to be Additional Director on 23 Sep 2021. Net2source Consulting has 9 board changes on record in total.
Yes, Net2source Consulting is registered as a small enterprise under Udyam registration (number: UDYAM-UP-28-0014151).
Net2source Consulting has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Aug 2023.
Net2source Consulting can be reached through the website net2source.com. Its registered office is in Delhi, India.