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 85 cases involving the company, including 82 filed by the company and 2 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. Its 10 peer companies in the Information Technology industry (SaaS Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Betterplace Safety Solutions Private Limited with revenue of ₹1,451.24 Cr. 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.
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- Website
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- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Netcore Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities | Locked |
| M | Professional, Scientific and Technical | M6 | Advertising and market research | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Netcore Private Limited FY 2025 filings available
Netcore Private Limited reported revenue of ₹799.81 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Netcore Private Limited
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 of Netcore Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹79.55 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19.49 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 of Netcore Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Netcore are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Netcore Private Limited
Netcore Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (SaaS Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Betterplace Safety Solutions Private Limited | ₹1,451.24 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Bengaluru, Karnataka, India |
| Rategain Travel Technologies Limited Listed | ₹1,153.04 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Amagi Media Labs Limited | ₹942.24 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Bengaluru, Karnataka, India |
| Geodesic Limited | ₹927.16 Cr (FY 2013) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Nreach Online Services Private Limited | ₹886.29 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Netcore Private Limited this company | ₹799.81 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Kfin Technologies Limited Listed | ₹645.56 Cr (FY 2022) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Capillary Technologies India Limited | ₹611.87 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Moveinsync Technology Solutions Private Limited | ₹548.38 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Vananam Ventures Private Limited | ₹461.52 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Viverati Interactive Marketing Private Limited | ₹452.66 Cr (FY 2025) | •••• | •••• | 1158.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Netcore by revenue in the Information Technology industry (SaaS Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Netcore Private Limited
Netcore Private Limited is audited by B S R & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 4 Months | Current |
Ownership and Shareholding of Netcore Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Netcore Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2022 | Hdfc Bank Limited | ₹50 Cr | Open |
| 24 Dec 2021 | Others | ₹120 Cr | Open |
| 08 Dec 2017 | Hdfc Bank Limited | ₹49.5 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Netcore Private Limited
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 |
Full deal history
All 28 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Netcore Private Limited
Netcore Private Limited has 85 court cases on record: 82 filed by Netcore, 2 filed against it, 1 where it is another party. 23 cases are pending and 62 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 2 | 22 |
| High courts | 13 | 0 | 1 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Tech4billion Media Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Solesearch Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Citibus Private Limited | Pending |
| District court, South, Delhi | Execution petition | Filed by the company against Marqt Retail Private Limited | Pending |
| District court, Central, Delhi | Execution petition | Filed by the company against Jag Bros Consultants Private Limited | Pending |
Full case history
All 85 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Netcore Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Netcore Private Limited
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 |
Employees and EPFO Compliance at Netcore Private Limited
Netcore Private Limited has a workforce of 865 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Netcore Private Limited
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 | Locked |
| Synergus Technology Private Limited | U72500MH2021PTC357352 | Locked |
| Ravience Digital Private Limited | U72900MH2008PTC186651 | Locked |
| Vesuvius Technology Private Limited | U72900MH2018PTC306871 | Locked |
| Veroma Technology Private Limited | U72900MH2021PTC357348 | Locked |
| Mytoday Technology Private Limited | U72900MH2021PTC357763 | Locked |
Showing major subsidiaries. Total: 7.
Name History of Netcore Private Limited
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 |
News related to Netcore Private Limited
Recent Activity on Netcore Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Netcore Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Netcore Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Netcore Private Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Netcore Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Netcore Private Limited
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 reported revenue of ₹799.81 Cr for FY 2024 (down 4% YoY).
Netcore has 4 current directors:
- Rajesh Chandanmal Jain - Managing Director
- Pushpa Chandanmal Jain - Director
- Bhavana Rajesh Jain - Director
- Chandanmal Chunilal Jain - Director
Netcore reported a net profit of ₹19.49 Cr (net margin 2.4%) and EBITDA of ₹79.55 Cr (EBITDA margin 9.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Netcore is 14% over three years and 11% over five years. In the latest year (FY 2024) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
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 85 court cases on record: 82 filed by the company and 2 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.
The peers of Netcore by revenue are Betterplace Safety Solutions Private Limited, Rategain Travel Technologies Limited, Amagi Media Labs Limited, Geodesic Limited, Nreach Online Services Private Limited and 5 more, all in the Information Technology industry (SaaS Providers).
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.