About Netware Systems Private Limited
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Netware Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 17 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PTC021662. Its GSTIN is 29AAACN4990K1ZX (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.43 Lakh. It is led by directors including Meenakshi Madhavan and Srimathimadhavan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #52 1st Floor St John'S Road Bangalore – 560042, Karnataka, India – 560042.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.11 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹10.72 Lakh (net margin 1.3%) and EBITDA of ₹38.81 Lakh (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 9% over five years.
The company is associated with 1 brand: Netware Systems. As per MCA filings, the company has open charges of ₹2.78 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 3 deals on record (3 secondary share transfers); the latest was in May 2019. Its 10 peer companies in the Information Technology industry (IT Products Retail and Distribution, Infrastructure Management) are compared by revenue, 5 larger and 5 smaller; the largest is Astric Computers (India) Private Limited.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website netwaresystems.biz.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address#52 1st Floor St John'S Road Bangalore – 560042, Karnataka, India – 560042
- IndustryInformation Technology, IT Products Retail & Distribution, IT Infrastructure Management & 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 Netware Systems Private Limited
The main business activity of Netware Systems is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Netware Systems Private Limited FY 2025 filings available
Netware Systems Private Limited reported revenue of ₹8.11 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Netware Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 12% growth 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 Netware Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹38.81 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.72 Lakh | •••• | •••• | •••• | •••• |
| 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 Netware Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Netware Systems 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 Netware Systems Private Limited
Netware Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution, Infrastructure Management). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Astric Computers (India) Private Limited | •••• | •••• | •••• | •••• | - | Patna, Bihar, India |
| Swastik Shipping and Forwarding Services Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| Hi-Tech Computers Services (Nashik) Private Limited | •••• | •••• | •••• | •••• | 25 | Nashik, Maharashtra, India |
| Reboot Systems India Private Limited | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| PBG Intelligent Force Private Limited | •••• | •••• | •••• | •••• | - | Jahanabad, Bihar, India |
| Netware Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| SGS Telekom Private Limited | •••• | •••• | •••• | •••• | - | Haveli, Maharashtra, India |
| Intechauto Systems Private Limited | •••• | •••• | •••• | •••• | - | Chinchwad, Maharashtra, India |
| A1 Galaxy Tradmart Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Fiare Software Private Limited | •••• | •••• | •••• | •••• | - | Rajkot, Gujarat, India |
| Tryaksi Technologies Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Netware Systems by revenue in the Information Technology industry (IT Products Retail and Distribution, Infrastructure Management), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Netware Systems Private Limited
Netware Systems Private Limited is audited by N N YUVARAJ AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N N YUVARAJ AND ASSOCIATES | 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 Netware Systems Private Limited
Netware Systems has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meenakshi Madhavan | Director | 07 May 2019 | 7 Years 5 Months | Current |
| Srimathimadhavan | Director | 17 Jan 2007 | 19 Years 8 Months | Current |
| Madhavan Srinivasan | Director | 17 Jan 1997 | 29 Years 8 Months | Current |
Ownership and Shareholding of Netware Systems 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 Netware Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Mar 2020 | Indian Bank | ₹2.2 Cr | Open |
| 23 Jun 2007 | Indian Bank | ₹45 Lakh | Open |
| 16 Aug 2004 | Indian Bank | ₹13 Lakh | Open |
Total charge records: 3 View all charges
Deals & Funding of Netware Systems Private Limited
Netware Systems Private Limited has 3 deals on record (3 secondary share transfers); the latest was in May 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 3 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 Netware Systems Private Limited
Netware Systems Private Limited has 3 court cases on record: 2 filed by Netware Systems, 1 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against Novell Inc | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Novell Inc | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Novell Inc | Disposed |
Full case history
All 3 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.
Associated Brands with Netware Systems Private Limited
Netware Systems operates one associated brand: Netware Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Network management, maintenance, and security services are provided across multiple sectors. | netwaresystems.biz |
Employees and EPFO Compliance at Netware Systems Private Limited
Employment history and EPFO contributions of people linked to Netware Systems.
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.
Recent Activity on Netware Systems Private Limited
Netware Systems Private Limited has 4 board changes on record since 1997: 3 appointments and 1 cessation. The latest: Meenakshi Madhavan was appointed as Director on 07 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Netware Systems 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.
MSME Payment Delays by Netware Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Netware Systems 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 Netware Systems Private Limited
Netware Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACN4990K1ZX | Karnataka | Active | 01 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 Netware Systems 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 Netware Systems Private Limited
Netware Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 17 January 1997 (29+ years old) and is registered under CIN U85110KA1997PTC021662.
Netware Systems reported revenue of ₹8.11 Cr for FY 2025 (up 12% YoY).
Netware Systems has 3 current directors:
- Meenakshi Madhavan - Director
- Srimathimadhavan - Director
- Madhavan Srinivasan - Director
Netware Systems reported a net profit of ₹10.72 Lakh (net margin 1.3%) and EBITDA of ₹38.81 Lakh (EBITDA margin 4.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Netware Systems is 35% over three years and 9% over five years. In the latest year (FY 2025) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Netware Systems is 29AAACN4990K1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Netware Systems is U85110KA1997PTC021662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Netware Systems has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Netware Systems was incorporated on 17 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Netware Systems has 3 deals on record (3 secondary share transfers); the latest was in May 2019.
The peers of Netware Systems by revenue are Astric Computers (India) Private Limited, Swastik Shipping and Forwarding Services Private Limited, Hi-Tech Computers Services (Nashik) Private Limited, Reboot Systems India Private Limited, PBG Intelligent Force Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution, Infrastructure Management).