About Neargroup Services Private Limited
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Neargroup Services Private Limited is a foreign private limited company based in Delhi, India, a subsidiary of Neargroup Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 08 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2017FTC323387. Its GSTIN is 07AAFCN7721H1ZE (Delhi).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Anil Kumar Pitti and Prashant Pitti.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Building No. 223 Patparganj Industrial Area, Delhi, India – 110092.
As per the financials filed for FY 2021, the company reported a revenue of ₹73.9 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹4.64 Lakh (net margin -6.3%) and EBITDA of ₹10.16 Lakh (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years.
The company is associated with 1 brand: NearGroup.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neargroup.me.
Company details
Contact details
Neargroup Services Private Limited's registered office is in Delhi, Delhi. Its website is neargroup.me. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBuilding No. 223 Patparganj Industrial Area, Delhi, India – 110092
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Neargroup Services 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
Neargroup Services operates one associated brand: NearGroup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hyperlocal social networking and proximity-based dating app is provided. | neargroup.me |
Business activity
The main business activity of Neargroup Services is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Neargroup Services Private Limited, buy the company report.
Financials of Neargroup Services Private Limited
FY 2021 filings availableNeargroup Services Private Limited reported revenue of ₹73.9 Lakh (down 25% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 53%. EBITDA fell 67% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹10.16 Lakh | |||
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| Net Profit (PAT) | -₹4.64 Lakh | |||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.8% | |||
| Net Profit Margin | -6.3% | |||
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To see the full financial statements and ratios of Neargroup Services Private Limited, buy the company report.
Board of directors of Neargroup Services Private Limited
Neargroup Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Kumar Pitti Also directs: Pitti Coal India Private Limited, Pitti Infratech Private Limited | Director | 08 Sep 2017 | 9 Years 1 Months | Current |
| Prashant Pitti Also directs: Jikan Ventures LLP, Protocol35 Wellness Private Limited, RPJ Agrifarms Private Limited and 5 more | Director | 08 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Neargroup Services Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nearhop Internet Technologies Private Limited | ₹73.93 Lakh (FY 2024) | 50.0% | Hyderabad, Telangana, India | |||
| Innovation Hacks AI Private Limited | ₹73.93 Lakh (FY 2024) | 4570.0% | Pune, Maharashtra, India | |||
| Ripple Mind Private Limited | ₹73.92 Lakh (FY 2025) | 14.0% | Bangalore, Karnataka, India | |||
| Active Scope Cloud Technologies Private Limited | ₹73.92 Lakh (FY 2024) | -68.0% | Hyderabad, Telangana, India | |||
| Jpinfocom Technologies Private Limited | ₹73.92 Lakh (FY 2025) | -70.0% | Delhi, India | |||
| Neargroup Services Private Limitedthis company | ₹73.9 Lakh (FY 2021) | -₹4.64 Lakh | -6.3% | -25.0% | Delhi, India | |
| RTC BPM Private Limited | ₹73.85 Lakh (FY 2025) | -21.0% | Una, Himachal Pradesh, India | |||
| Thirtyfour Soft Systems Private Limited | ₹73.85 Lakh (FY 2025) | 18.0% | Kharar, Punjab, India | |||
| SJM Infotech Private Limited | ₹73.84 Lakh (FY 2021) | -64.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Neargroup Services Private Limited, buy the company report.
Auditor
Neargroup Services Private Limited is audited by V A DUDHEDIA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V A DUDHEDIA & CO | FY 2020 | 112450W |
Shareholding
The shareholding of Neargroup Services Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Neargroup Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Neargroup Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neargroup Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neargroup Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCN7721H1ZE | Delhi | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Neargroup Services Private Limited, buy the company report.
Recent activity
Neargroup Services Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Anil Kumar Pitti was appointed as Director on 08 Sep 2017.
Frequently asked questions
Neargroup Services is an active foreign private limited company based in Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 08 September 2017 (9+ years old) and is registered under CIN U72900DL2017FTC323387.
Neargroup Services has 2 current directors:
- Anil Kumar Pitti - Director
- Prashant Pitti - Director
The latest financial statements of Neargroup Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Neargroup Services is 07AAFCN7721H1ZE, registered in Delhi.
The CIN (Corporate Identification Number) of Neargroup Services is U72900DL2017FTC323387. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neargroup Services was incorporated on 08 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Neargroup Services by revenue are Nearhop Internet Technologies Private Limited, Innovation Hacks AI Private Limited, Ripple Mind Private Limited, Active Scope Cloud Technologies Private Limited, Jpinfocom Technologies Private Limited and 3 more, all in the same principal business activity (computer programming, consultancy and related activities).
Anil Kumar Pitti was appointed as Director on 08 Sep 2017. Prashant Pitti was appointed as Director on 08 Sep 2017.
Neargroup Services can be reached through the website neargroup.me. Its registered office is in Delhi, India.
The registered office of Neargroup Services is at Building No. 223 Patparganj Industrial Area, Delhi, India – 110092.
Neargroup Services operates in the information technology industry, in the application development and software solutions segment.
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