About Netsurion Technologies Private Limited
Data last updated:
Netsurion Technologies Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Netsurion Llc. 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 29 November 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2016FTC098119. Its GSTIN is 29AAFCN4202K1ZF (Karnataka).
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹8.81 Lakh. It is led by directors including Mark August Cornwell and Kevin Michael Watson.
Its last annual general meeting (AGM) was held on 05 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.72 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹2.8 Cr (net margin -7.4%) and EBITDA of -₹1.22 Cr (EBITDA margin -3.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 184 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: EventTracker and Netsurion. The company has 2 deals on record (2 rights issues); the latest was in August 2017.
The last known website on record is netsurion.com.
Company details
Contact details
Netsurion Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is netsurion.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressIndiqube Penta No. 51 2nd Floor Richmond Road Ashok Nagar, India, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Netsurion 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
Netsurion Technologies operates two associated brands: EventTracker and Netsurion. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| SIEM and log management solutions are offered for enterprises. | eventtracker.com | |
| Cloud-managed IT security and PCI services are delivered for SMBs. | netsurion.com |
Business activity
The main business activity of Netsurion Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Netsurion Technologies Private Limited, buy the company report.
Financials of Netsurion Technologies Private Limited
FY 2024 filings availableNetsurion Technologies Private Limited reported revenue of ₹37.72 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 109% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.22 Cr | ||||
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| Net Profit (PAT) | -₹2.8 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -3.2% | ||||
| Net Profit Margin | -7.4% | ||||
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To see the full financial statements and ratios of Netsurion Technologies Private Limited, buy the company report.
Board of directors of Netsurion Technologies Private Limited
Netsurion Technologies has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mark August Cornwell | Director | 29 Nov 2016 | 9 Years 11 Months | As last reported |
| Prince Joseph Kenneth | Additional Director | 20 Jul 2024 | 2 Years 3 Months | As last reported |
| Kevin Michael Watson | Director | 29 Nov 2016 | 9 Years 11 Months | As last reported |
| Vighneshwar Bhat | Irp/Rp/Liquidator | 01 Oct 2024 | 2 Years 1 Months | As last reported |
Auditor
Netsurion Technologies Private Limited is audited by A S P R & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S P R & Co. | FY 2023 | 018262S |
Shareholding
The shareholding of Netsurion Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Netsurion Technologies Private Limited, buy the company report.
Deals & funding
Netsurion Technologies Private Limited has 2 deals on record (2 rights issues); the latest was in August 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Rights issue | ₹1.27 Cr | Investors: Netsurion LLC |
| Jun 2017 | Rights issue | ₹3.05 Cr | Investors: Netsurion LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Netsurion Technologies 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 Netsurion Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Netsurion Technologies Private Limited has a workforce of 184 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Netsurion Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN4202K1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Netsurion Technologies Private Limited, buy the company report.
Recent activity
Netsurion Technologies Private Limited has 10 board changes on record since 2016: 4 appointments and 6 cessations. The latest: Vighneshwar Bhat was appointed as Irp/Rp/Liquidator on 01 Oct 2024.
1 earlier event is in the company report.
News
Frequently asked questions
Netsurion Technologies 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.
Netsurion Technologies is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 29 November 2016 and is registered under CIN U72900KA2016FTC098119. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Netsurion Technologies has 4 current directors:
- Mark August Cornwell - Director
- Prince Joseph Kenneth - Additional Director
- Kevin Michael Watson - Director
- Vighneshwar Bhat - Irp/Rp/Liquidator
The latest financial statements of Netsurion Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 05 July 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Netsurion Technologies is U72900KA2016FTC098119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netsurion Technologies was incorporated on 29 November 2016. It is registered with the Registrar of Companies, Bangalore.
Netsurion Technologies has 2 deals on record (2 rights issues); the latest was in August 2017.
Vighneshwar Bhat was appointed as Irp/Rp/Liquidator on 01 Oct 2024. Prince Joseph Kenneth was appointed as Additional Director on 20 Jul 2024. Mukesh Ranjan Dhar Dube ceased to be Additional Director on 29 Sep 2022. Netsurion Technologies has 10 board changes on record in total.
Netsurion Technologies can be reached through the website netsurion.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Netsurion Technologies is at Indiqube Penta No. 51 2nd Floor Richmond Road Ashok Nagar, India, Bangalore, Karnataka, India – 560025.
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