About Neterson Technologies Private Limited
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Neterson Technologies Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 September 1946.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24246MH1946PTC005194. Its GSTIN is 27AAACL0893K1Z9 (Maharashtra).
The company had an authorised share capital of ₹24 Cr and a paid-up capital of ₹19.61 Cr. It was formerly known as Neterson Agrofarm Agency Private Limited and Bourjois (Eastern) Limited. It was led by directors including Jimmy Jehangir Parakh and Abhishek Lal (Person Incharge).
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Liberty Building Sir Vithaldas T. Marg, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2022, the company reported a revenue of ₹78.97 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹8.69 Cr and EBITDA of -₹5.44 Cr.
The company had about 9 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 4 brands: HR Align, Neterson Tech, QubeHrm and Neterwala Group. As per MCA filings, the company had satisfied charges of ₹56.3 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 16 deals on record (13 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹19.46 Cr; the latest was in March 2021. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is netersontech.com.
Company details
Name history
Neterson Technologies has undergone 3 name changes throughout its history. The company was previously known as Neterson Agrofarm Agency Private Limited, Bourjois (Eastern) Limited, and Bourjois (Eastern) Private Limited. The current legal name is Neterson Technologies Private Limited.
| Company Name | Status |
|---|---|
| Neterson Technologies Private Limited | Current |
| Neterson Agrofarm Agency Private Limited | Previous |
| Bourjois (Eastern) Limited | Previous |
| Bourjois (Eastern) Private Limited | Previous |
Contact details
Neterson Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is netersontech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLiberty Building Sir Vithaldas T. Marg, Mumbai, Maharashtra, India – 400020
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Neterson Technologies 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
Neterson Technologies operates multiple associated brands including HR Align, Neterson Tech, and QubeHrm. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers a cloud-based HRMS platform to streamline human resource management for organizations. | hralign.com | |
| Provides HRMS solutions for businesses via a dedicated platform. | netersontech.com | |
| Offers an HR suite tailored for small and medium enterprises. | qubehrm.com | |
| Metallurgy, engineering, environmental, and oil and gas services across various industries. | neterwala.com |
Business activity
The main business activity of Neterson Technologies 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 Neterson Technologies Private Limited, buy the company report.
Financials of Neterson Technologies Private Limited
FY 2022 filings availableNeterson Technologies Private Limited reported revenue of ₹78.97 Lakh (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year. EBITDA fell 472% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹78.97 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.69 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Neterson Technologies Private Limited, buy the company report.
Board of directors of Neterson Technologies Private Limited
Neterson Technologies has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jimmy Jehangir Parakh | Director | 19 Dec 2016 | 9 Years 10 Months | As last reported |
| Abhishek Lal Also directs: Gelyxhr LLP, Maverik HR Solutions LLP | Person Incharge | 25 Jun 2009 | 17 Years 4 Months | As last reported |
| Hormazdiyaar Shiavax Vakil Also directs: Foods and Inns Limited, Quantum Advisors Private Limited | Director | 17 Feb 2005 | 21 Years 8 Months | As last reported |
| Phirosa Feroze Neterwala | Director | 07 Sep 1995 | 31 Years 2 Months | As last reported |
| Feroze Dhunjishaw Neterwala | Director | 07 Sep 1995 | 31 Years 2 Months | As last reported |
| Anosh Neterwala Also directs: Uni-Abex Alloy Products Limited, Uni Deritend Limited, Aquasoil Private Limited and 5 more | Director | 12 Mar 2012 | 14 Years 8 Months | As last reported |
Auditor
Neterson Technologies Private Limited is audited by JAGTIANI & NAIK for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGTIANI & NAIK | FY 2022 | 103854W |
Shareholding
The shareholding of Neterson Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neterson Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2006 | 10005340 | Corporation Bank Limited | ₹56.3 Lakh | Satisfied |
To see the full charge records of Neterson Technologies Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Neterson Technologies Private Limited has 16 deals on record (13 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹19.46 Cr; the latest was in March 2021.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹1.5 Cr | Investors: an individual |
| Mar 2016 | Funding round | ₹1.5 Cr | Investors: an individual |
| Feb 2015 | Rights issue | ₹50 Lakh | Investors: an individual |
| Mar 2014 | Funding round | ₹30 Lakh | Investors: an individual |
| Sep 2013 | Funding round | ₹1.1 Cr | Investors: an individual |
To see the full deal history of Neterson Technologies 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
Neterson Technologies Private Limited has 2 court cases on record: 2 filed by Neterson Technologies. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Neterson Technologies 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.
MSME payment delays
Neterson Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment 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 |
|---|---|---|---|
| Pinnotech Systems LLP |
To see the full MSME payment records of Neterson Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neterson Technologies Private Limited has a workforce of 9 employees on its EPFO records as of Jun 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 9 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Neterson Technologies Private Limited, buy the company report.
GST
Neterson Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL0893K1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neterson Technologies Private Limited, buy the company report.
Recent activity
Neterson Technologies Private Limited has 11 board changes on record since 1995: 6 appointments and 5 cessations. The latest: Dharmesh Shantilal Desai ceased to be Company Secretary on 31 Dec 2020.
4 earlier events are in the company report.
Frequently asked questions
Neterson Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Neterson Technologies was a private limited company based in Mumbai, Maharashtra, India. The company worked in application development and software solutions, within the information technology industry. It was incorporated on 24 September 1946 and is registered under CIN U24246MH1946PTC005194. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Neterson Technologies was incorporated on 24 September 1946. It is registered with the Registrar of Companies, Mumbai.
Neterson Technologies had 6 directors:
- Jimmy Jehangir Parakh - Director
- Hormazdiyaar Shiavax Vakil - Director
- Phirosa Feroze Neterwala - Director
- Feroze Dhunjishaw Neterwala - Director
- Anosh Neterwala - Director
- Abhishek Lal - Person Incharge
The CIN (Corporate Identification Number) of Neterson Technologies is U24246MH1946PTC005194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Neterson Technologies is at Liberty Building Sir Vithaldas T. Marg, Mumbai, Maharashtra, India – 400020.
Neterson Technologies can be reached through the website netersontech.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Neterson Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Neterson Technologies is 27AAACL0893K1Z9, registered in Maharashtra.
Neterson Technologies operated in the information technology industry, in the application development and software solutions segment.
Neterson Technologies has 16 deals on record (13 funding rounds, 2 rights issues, 1 secondary share transfer), with disclosed funding of ₹19.46 Cr; the latest was in March 2021.
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