About Satelliteweave Ventures Limited
Data last updated:
Satelliteweave Ventures Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Infibeam Incorporation Limited. 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 telecom network support segment of the telecommunications sector. It was incorporated on 31 January 2000.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32109GJ2000PLC037266. Its GSTIN is 24AAACI7721B1Z4 (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹20.93 Cr. It was formerly known as Spaceo Ventures Limited and Spacenet Ventures Limited. It is led by directors including Sachin Naveen Sinha (Irp/Rp/Liquidator) and Vishnubhai Govind Bhai Chauhan.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2020, the company reported a revenue of ₹120.06 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹57.57 Cr (net margin -47.9%) and EBITDA of -₹52.24 Cr (EBITDA margin -43.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹30.75 Cr on record. Court records list 111 cases involving the company, including 21 filed by the company and 90 filed against it; 27 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019. Its 5 peer companies in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities) are compared by revenue, 2 larger and 3 smaller; the largest is D-Vois Communications Private Limited with revenue of ₹147.77 Cr.
The last known website on record is infinium.co.in.
Company details
Name history
Satelliteweave Ventures has undergone 3 name changes throughout its history. The company was previously known as Spaceo Ventures Limited, Spacenet Ventures Limited, and Infinium (India) Limited. The current legal name is Satelliteweave Ventures Limited.
| Company Name | Status |
|---|---|
| Satelliteweave Ventures Limited | Current |
| Spaceo Ventures Limited | Previous |
| Spacenet Ventures Limited | Previous |
| Infinium (India) Limited | Previous |
Contact details
Satelliteweave Ventures Limited's registered office is in Vadodara, Gujarat. Its website is infinium.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address20 Nirman Soceity Rustam Patel Marg Near Crossword Alka, Puri, Vadodara, Gujarat, India – 390007
- IndustryTelecom, Telecom Network Support
To see the full contact details of Satelliteweave Ventures 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 Satelliteweave Ventures 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 Satelliteweave Ventures Limited, buy the company report.
Financials of Satelliteweave Ventures Limited
FY 2020 filings availableSatelliteweave Ventures Limited reported revenue of ₹120.06 Cr (down 15% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹120.06 Cr | ||||
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| Total Expenses | |||||
| EBITDA | -₹52.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹57.57 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -43.5% | ||||
| Net Profit Margin | -47.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Satelliteweave Ventures Limited, buy the company report.
Board of directors of Satelliteweave Ventures Limited
Satelliteweave Ventures has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Naveen Sinha Also directs: Vishal Pipes Limited | Irp/Rp/Liquidator | 20 Mar 2024 | 2 Years 7 Months | As last reported |
| Vishnubhai Govind Bhai Chauhan Also directs: India Infraspace Limited | Director | 01 Oct 2014 | 12 Years 0 Months | As last reported |
| Manthan Bipinbhai Doshi Also directs: Tiw Systems Private Limited | Additional Director | 10 Mar 2021 | 5 Years 7 Months | As last reported |
| Mita Harshul Shah Also directs: Akhil Retail Private Limited | Director | 01 Oct 2014 | 12 Years 0 Months | As last reported |
Peer comparison
Satelliteweave Ventures Limited is compared with the 5 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D-Vois Communications Private Limited | ₹147.77 Cr (FY 2022) | -13.0% | ||||
| Antariksh Softtech Private Limited | ₹125.64 Cr (FY 2024) | -43.0% | Thane, Maharashtra, India | |||
| Satelliteweave Ventures Limitedthis company | ₹120.06 Cr (FY 2020) | -₹57.57 Cr | -47.9% | -15.0% | 3 | Vadodara, Gujarat, India |
| You Broadband India Limited | ₹99.12 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Intech Online Private Limited | ₹98.67 Cr (FY 2024) | 72.0% | Thane, Maharashtra, India | |||
| Tatanet Services Limited | ₹88.65 Cr (FY 2018) | 10.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Satelliteweave Ventures Limited, buy the company report.
Auditor
Satelliteweave Ventures Limited is audited by JAIMIN DELIWALA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIMIN DELIWALA & CO | FY 2020 | 103861W |
Shareholding
The shareholding of Satelliteweave Ventures Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Satelliteweave Ventures Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2009 | 10184671 | Others | ₹21.75 Cr | Satisfied | |
| 28 Jun 2004 | 80033628 | Icici Bank Limited | ₹9 Cr | Satisfied |
To see the full charge records of Satelliteweave Ventures Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Satelliteweave Ventures Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Acquisition | ₹61.18 Cr | Buyer: Tradohub B2b Limited Seller: Avenuesai Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Avenuesai Limited Seller: Tiw Ventures Inc |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Tiw Ventures Inc, Avenuesai Limited Seller: Avenuesai Limited, Tiw Ventures Inc |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Shaival Reality Limited , Infinium Motors Private Limited , Infinium Communication Private Limited , an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Satelliteweave Ventures 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
Satelliteweave Ventures Limited has 111 court cases on record: 21 filed by Satelliteweave Ventures, 90 filed against it. 27 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 90 | 87 | 15 |
| High courts | 16 | 0 | 12 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S. Ibm India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (CRL.R.P.) | Filed against the company by M/S Ibm India Pvt. Ltd., Rep by Its Authorized Representative | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Ibm India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Ibm India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Ibm India Pvt Ltd | Disposed |
To see the full case history of Satelliteweave Ventures 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
Satelliteweave Ventures Limited was last rated by Brickwork on 31 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 Aug 2020 |
To see the full credit ratings and regulatory alerts of Satelliteweave Ventures Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Satelliteweave Ventures Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Satelliteweave Ventures Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Satelliteweave Ventures has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI7721B1Z4 | Gujarat | Active | 01 Jul 2017 |
| 06AAACI7721B1Z2 | Haryana | Active | 26 Jan 2019 |
| 27AAACI7721B1ZY | Maharashtra | Active | 25 Sep 2019 |
To see the full GST registrations and return filing status of Satelliteweave Ventures Limited, buy the company report.
Recent activity
Satelliteweave Ventures Limited has 14 board changes on record since 2013: 4 appointments and 10 cessations. The latest: Sachin Naveen Sinha was appointed as Irp/Rp/Liquidator on 20 Mar 2024.
11 earlier events are in the company report.
Frequently asked questions
Satelliteweave Ventures 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.
Satelliteweave Ventures is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in telecom network support, within the telecom industry. It was incorporated on 31 January 2000 and is registered under CIN U32109GJ2000PLC037266. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Satelliteweave Ventures has 4 current directors:
- Vishnubhai Govind Bhai Chauhan - Director
- Manthan Bipinbhai Doshi - Additional Director
- Mita Harshul Shah - Director
- Sachin Naveen Sinha - Irp/Rp/Liquidator
The latest financial statements of Satelliteweave Ventures on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Satelliteweave Ventures is U32109GJ2000PLC037266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satelliteweave Ventures has no open charges and satisfied charges of ₹30.75 Cr as per latest MCA filings.
Satelliteweave Ventures has 111 court cases on record: 21 filed by the company and 90 filed against it. 27 are pending. Most are in the district courts.
Satelliteweave Ventures was incorporated on 31 January 2000. It is registered with the Registrar of Companies, Ahmedabad.
Satelliteweave Ventures has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019.
The peers of Satelliteweave Ventures by revenue are D-Vois Communications Private Limited, Antariksh Softtech Private Limited, You Broadband India Limited, Intech Online Private Limited, Tatanet Services Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Sachin Naveen Sinha was appointed as Irp/Rp/Liquidator on 20 Mar 2024. Harsh Vinodbhai Patel ceased to be Director on 10 Mar 2021. Manthan Bipinbhai Doshi was appointed as Additional Director on 10 Mar 2021. Satelliteweave Ventures has 14 board changes on record in total.