About Netgear Research India Private Limited
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Netgear Research India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Netgear International Limited. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 26 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2012FTC064558. Its GSTIN is 29AAECN0690E1ZH (Karnataka).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Marthesh Esturi Sathyanarayanasetty Nagendra and Kirsten Joy Daru.
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 Unit 501 5th Floor Embassy Star Palace Road Vasanth Nagar Extension, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.69 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹4.6 Cr (net margin 9.9%) and EBITDA of ₹12.81 Cr (EBITDA margin 27.4%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 17% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Netgear.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netgear.com.
Company details
Contact details
Netgear Research India Private Limited's registered office is in Bangalore, Karnataka. Its website is netgear.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 501 5th Floor Embassy Star Palace Road Vasanth Nagar Extension, Bangalore, Karnataka, India – 560052
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Netgear Research India 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
Netgear Research India operates one associated brand: NETGEAR. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| LAN-based networking products, including switches and routers, are supplied. | netgear.com |
Business activity
The main business activity of Netgear Research India is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Netgear Research India Private Limited, buy the company report.
Financials of Netgear Research India Private Limited
FY 2025 filings availableNetgear Research India Private Limited reported revenue of ₹46.69 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 17% growth in the latest year. EBITDA rose 43% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹12.81 Cr | ||||
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| Net Profit (PAT) | ₹4.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 27.4% | ||||
| Net Profit Margin | 9.9% | ||||
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To see the full financial statements and ratios of Netgear Research India Private Limited, buy the company report.
Board of directors of Netgear Research India Private Limited
Netgear Research India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Marthesh Esturi Sathyanarayanasetty Nagendra Also directs: Atcart Private Limited, Netryx Private Limited, Mercii Networks Private Limited and 1 more | Director | 15 Oct 2018 | 8 Years 0 Months | Current |
| Kirsten Joy Daru Also directs: Netgear Technologies India Private Limited | Director | 14 Sep 2024 | 2 Years 1 Months | Current |
| Bryan Douglas Murray Also directs: Netgear Technologies India Private Limited | Director | 23 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Netgear Research India Private Limited is audited by S. R. BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Netgear Research India 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Netgear Research India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Netgear Research India 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
Netgear Research India Private Limited has 3 MSME Form 1 returns on record between 2020 and 2023, listing 21 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Brilyant IT Solutions Private Limited | |||
| an individual supplier | |||
| PSR IT Services Private Limited | |||
| Ciel HR Services Limited |
To see the full MSME payment records of Netgear Research India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Netgear Research India Private Limited has a workforce of 36 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Netgear Research India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECN0690E1ZH | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Netgear Research India Private Limited, buy the company report.
Recent activity
Netgear Research India Private Limited has 12 board changes on record since 2012: 4 appointments and 8 cessations. The latest: Kirsten Joy Daru ceased to be Additional Director on 29 Sep 2024.
3 earlier events are in the company report.
News
Frequently asked questions
Netgear Research India is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 June 2012 (14+ years old) and is registered under CIN U73100KA2012FTC064558.
Netgear Research India has 3 current directors:
- Marthesh Esturi Sathyanarayanasetty Nagendra - Director
- Kirsten Joy Daru - Director
- Bryan Douglas Murray - Director
The latest financial statements of Netgear Research India 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 Netgear Research India is 29AAECN0690E1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Netgear Research India is U73100KA2012FTC064558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netgear Research India was incorporated on 26 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Kirsten Joy Daru ceased to be Additional Director on 29 Sep 2024. Kirsten Joy Daru was appointed as Director on 14 Sep 2024. Andrew Wonki Kim ceased to be Director on 28 Jun 2024. Netgear Research India has 12 board changes on record in total.
Netgear Research India has 3 MSME Form 1 returns on record between 2020 and 2023, listing 21 overdue payments to 4 micro and small suppliers. The latest return was filed on 28 Aug 2023.
Netgear Research India can be reached through the website netgear.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Netgear Research India is at Unit 501 5th Floor Embassy Star Palace Road Vasanth Nagar Extension, Bangalore, Karnataka, India – 560052.
Netgear Research India operates in the information technology industry, in the application development and software solutions segment.