About Netcore Private Limited
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Netcore Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of C M Jain Impex And Investments Private Limited. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 24 January 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH1992PTC065041. Its GSTIN is 27AAACR2730D1ZU (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹2.89 Cr. It was formerly known as Ravi Software Private Limited and Netcore Solutions Private Limited. It is led by directors including Rajesh Chandanmal Jain (Managing Director) and Pushpa Chandanmal Jain.
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 804 8th Floor Peninsula Tower Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹799.81 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹19.49 Cr (net margin 2.4%) and EBITDA of ₹79.55 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 11% over five years.
The company has about 865 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 5 brands: PepiPost, Netcore, Netcore Cloud, Unbxd and Netcore. As per MCA filings, the company has open charges of ₹170 Cr and satisfied charges of ₹49.5 Lakh on record. Court records list 87 cases involving the company, including 84 filed by the company and 3 filed against it; 23 cases are pending. The company has 28 deals on record (15 secondary share transfers, 12 funding rounds, 1 acquisition), with disclosed funding of ₹190.44 Cr; the latest was in January 2024. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 470 overdue payments to 71 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netcorecloud.com.
Company details
Name history
Netcore has undergone 3 name changes throughout its history. The company was previously known as Ravi Software Private Limited, Netcore Solutions Private Limited, and Netcore Private Limited. The current legal name is Netcore Private Limited.
| Company Name | Status |
|---|---|
| Netcore Private Limited | Current |
| Ravi Software Private Limited | Previous |
| Netcore Solutions Private Limited | Previous |
Contact details
Netcore Private Limited's registered office is in Mumbai, Maharashtra. Its website is netcorecloud.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address801 – 804 8th Floor Peninsula Tower Peninsula Corporate Park Ganpatrao Kadam Marg Low, Er Parel W, Mumbai, Maharashtra, India – 400013
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Netcore Private 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
Brands
Netcore operates multiple associated brands including PepiPost, Netcore, and Netcore Cloud. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides SaaS solutions for email delivery and personalized marketing tools. | pepipost.com | |
| AI-powered customer engagement and omnichannel marketing platform is provided. | netcorecloud.com | |
| AI-driven product search platform is offered for e-commerce retailers. | netcoreunbxd.com | |
| AI-based marketing automation platform | netcore.in | |
| AI-powered customer engagement and marketing solutions are provided by Netcore Cloud for various industries. | netcore.co.in |
Business activity
The main business activities of Netcore are information and communication and professional, scientific and technical. In detail, this covers wired, wireless or satellite telecommunication activities and advertising and market research. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Netcore Private Limited, buy the company report.
Financials of Netcore Private Limited
FY 2025 filings availableNetcore Private Limited reported revenue of ₹799.81 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 28% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹79.55 Cr | ||||
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| Net Profit (PAT) | ₹19.49 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 2.4% | ||||
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To see the full financial statements and ratios of Netcore Private Limited, buy the company report.
Board of directors of Netcore Private Limited
Netcore has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpa Chandanmal Jain | Director | 24 Jan 1992 | 34 Years 8 Months | Current |
| Bhavana Rajesh Jain Also directs: C M Jain Impex and Investments Private Limited, Free A Billion Private Limited, Netcore Skill Development Foundation and 5 more | Director | 08 Oct 2001 | 25 Years 0 Months | Current |
| Chandanmal Chunilal Jain | Director | 10 Jan 1995 | 31 Years 9 Months | Current |
| Rajesh Chandanmal Jain | Managing Director | 15 May 1992 | 34 Years 5 Months | Current |
Auditor
Netcore Private Limited is audited by B S R & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Associates LLP | FY 2023 | 116231W |
Shareholding
The shareholding of Netcore Private 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 Netcore Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2022 | 100650628 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 24 Dec 2021 | 100524761 | Others | ₹120 Cr | Open | |
| 08 Dec 2017 | 100205582 | Hdfc Bank Limited | ₹49.5 Lakh | Satisfied |
To see the full charge records of Netcore Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Netcore Private Limited has 28 deals on record (15 secondary share transfers, 12 funding rounds, 1 acquisition), with disclosed funding of ₹190.44 Cr; the latest was in January 2024.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: C M Jain Impex and Investments Private Limited Seller: 3 individuals |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: C M Jain Impex and Investments Private Limited Seller: 4 individuals |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Bodhivriksh Advisors LLP, Suryatej Advisors LLP , an individual Seller: 2 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: C M Jain Impex and Investments Private Limited Seller: 2 individuals |
| Apr 2020 | Funding round | ₹50 Cr | Investors: C M Jain Impex and Investments Private Limited |
To see the full deal history of Netcore Private 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
Netcore Private Limited has 87 court cases on record: 84 filed by Netcore, 3 filed against it. 23 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 2 | 22 |
| High courts | 13 | 1 | 1 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Execution petition | Filed by the company against M/S Jag Bros Consultants Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Tech4billion Media Private Limited. | Pending |
| District court, South, Delhi | Execution petition | Filed by the company against M/S Marqt Retail Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against M/S Solesearch Pvt Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against M/S Citibus Pvt Ltd. | Pending |
To see the full case history of Netcore Private 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
Netcore Private Limited was last rated by Care on 11 Sep 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Sep 2023 |
To see the full credit ratings and regulatory alerts of Netcore Private Limited, buy the company report.
MSME payment delays
Netcore Private Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 470 overdue payments to 71 micro and small suppliers. 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 (5 of 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| 3S Studio Private Limited | |||
| Woost Internet Private Limited | |||
| Monetize Info LLP | |||
| Redberry Global Solutions LLP | |||
| Hansa Holdings Private Limited |
To see the full MSME payment records of Netcore Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Netcore has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Unbxd Software Private Limited | U72200KA2011PTC060690 | |
| Synergus Technology Private Limited | U72500MH2021PTC357352 | |
| Ravience Digital Private Limited | U72900MH2008PTC186651 | |
| Vesuvius Technology Private Limited | U72900MH2018PTC306871 | |
| Veroma Technology Private Limited | U72900MH2021PTC357348 | |
| Mytoday Technology Private Limited | U72900MH2021PTC357763 |
To see the full group structure of Netcore Private Limited, buy the company report.
Employees & EPFO
Netcore Private Limited has a workforce of 865 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Netcore has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR2730D1ZU | Maharashtra | Active | 01 Jul 2017 |
| 33AAACR2730D1Z1 | Tamil Nadu | Active | 09 Jul 2017 |
| 36AAACR2730D1ZV | Telangana | Active | 09 Jul 2017 |
| 29AAACR2730D1ZQ | Karnataka | Active | 19 Jul 2017 |
To see the full GST registrations and return filing status of Netcore Private Limited, buy the company report.
Recent activity
Netcore Private Limited has 7 board changes on record since 1992: 5 appointments and 2 cessations. The latest: Vishwanath Ratnakar Pai ceased to be Cfo(Kmp) on 31 Mar 2020.
3 earlier events are in the company report.
News
Frequently asked questions
Netcore is an active private limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 24 January 1992 (34+ years old) and is registered under CIN U72200MH1992PTC065041.
Netcore has 4 current directors:
- Rajesh Chandanmal Jain - Managing Director
- Pushpa Chandanmal Jain - Director
- Bhavana Rajesh Jain - Director
- Chandanmal Chunilal Jain - Director
The latest financial statements of Netcore on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Netcore is 27AAACR2730D1ZU, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 33AAACR2730D1Z1 (Tamil Nadu), 36AAACR2730D1ZV (Telangana), 29AAACR2730D1ZQ (Karnataka).
The CIN (Corporate Identification Number) of Netcore is U72200MH1992PTC065041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netcore has 87 court cases on record: 84 filed by the company and 3 filed against it. 23 are pending. Most are in the district courts.
Netcore was incorporated on 24 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Netcore has 28 deals on record (15 secondary share transfers, 12 funding rounds, 1 acquisition), with disclosed funding of ₹190.44 Cr; the latest was in January 2024.
Vishwanath Ratnakar Pai ceased to be Cfo(Kmp) on 31 Mar 2020. Rajesh Chandanmal Jain ceased to be Managing Director on 17 Jun 2019. Kalpit Phootarmal Jain was appointed as CEO on 24 Jul 2015. Netcore has 7 board changes on record in total.
Netcore has 10 MSME Form 1 returns on record between 2021 and 2024, listing 470 overdue payments to 71 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Netcore can be reached through the website netcorecloud.com. Its registered office is in Mumbai, Maharashtra, India.