About Networthsystems Private Limited
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Networthsystems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 16 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35999KA2018PTC109589. Its GSTIN is 29AAFCN9100Q1ZW (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Bhavani Shankara Shetty (Managing Director) and Anita Bhavani Shankar Shetty.
Its last annual general meeting (AGM) was held on 30 September 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 ₹40.46 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹90.13 Lakh (net margin 2.2%) and EBITDA of ₹2.21 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 31% over five years.
The company has about 189 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.41 Cr and satisfied charges of ₹2 Cr on record.
For more details, the company can be reached via its website networthgroup.in.
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- Website
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- Registered Address#895 5th B Cross 10th Main, Vijaya Bank Layout Msrs Nagara Bannerghatta Main Road Bilekahalli, Bangalore, Karnataka, India – 560076
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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 Networthsystems Private Limited
The main business activity of Networthsystems is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | 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 Networthsystems Private Limited FY 2024 filings available
Networthsystems Private Limited reported revenue of ₹40.46 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Networthsystems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 4% growth in the latest year. EBITDA fell 11% 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 Networthsystems 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 | ₹2.21 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹90.13 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 Networthsystems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 Networthsystems are in the company report.
Financial statements from FY 2018
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 Networthsystems Private Limited
Networthsystems Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Electronic Appliances Manufacturing, Metals, Railway Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hitech Insulators Private Limited | ₹40.71 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Jaipur, Rajasthan, India |
| Marwadi Metals and Minerals Private Limited | ₹40.66 Cr (FY 2024) | •••• | •••• | 251.0% | •••• | Rajkot, Gujarat, India |
| Srishti Metals Private Limited | ₹40.65 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Delhi, India |
| Nagpur Weldwires Products Private Limited | ₹40.58 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Kamptee, Maharashtra, India |
| J.J Aluminium Private Limited | ₹40.58 Cr (FY 2024) | •••• | •••• | -30.0% | •••• | Ahmedabad, Gujarat, India |
| Networthsystems Private Limited this company | ₹40.46 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Aadarsh Extrusion Private Limited | ₹40.43 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Savli, Gujarat, India |
| Mishri Metals and Minerals Private Limited | ₹40.4 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Jalna, Maharashtra, India |
| Minda Onkyo India Private Limited | ₹40.38 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Delhi, India |
| Pearl Energy Solutions (India) Private Limited | ₹40.31 Cr (FY 2025) | •••• | •••• | 187.0% | •••• | Pune, Maharashtra, India |
| Hummel Connector Systems Private Limited | ₹40.27 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Networthsystems by revenue in the Infrastructure industry (Electronic Appliances Manufacturing, Metals, Railway Construction), 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 Networthsystems Private Limited
Networthsystems Private Limited is audited by B R SHETTY & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B R SHETTY & CO. | 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 Networthsystems Private Limited
Networthsystems has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavani Shankara Shetty | Managing Director | 16 Jan 2018 | 8 Years 8 Months | Current |
| Anita Bhavani Shankar Shetty | Director | 16 Jan 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Networthsystems 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 Networthsystems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jun 2024 | Others | ₹1.28 Cr | Open |
| 07 Jul 2021 | State Bank of India | ₹4 Cr | Open |
| 27 Apr 2021 | Tata Capital Financial Services Limited | ₹49.5 Lakh | Open |
| 27 Nov 2019 | Tata Capital Financial Services Limited | ₹2.64 Cr | Open |
| 23 Mar 2020 | Others | ₹2 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Networthsystems Private Limited
Networthsystems Private Limited has a workforce of 189 employees as of Apr 05, 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.
Recent Activity on Networthsystems Private Limited
Networthsystems Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Anita Bhavani Shankar Shetty was appointed as Director on 16 Jan 2018.
Credit Ratings, Litigation & Regulatory Alerts for Networthsystems 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 Networthsystems 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 Networthsystems 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 Networthsystems Private Limited
Networthsystems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN9100Q1ZW | Karnataka | Active | 06 Mar 2018 |
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 Networthsystems 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 Networthsystems Private Limited
Networthsystems is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 16 January 2018 (8+ years old) and is registered under CIN U35999KA2018PTC109589.
Networthsystems reported revenue of ₹40.46 Cr for FY 2024 (up 4% YoY).
Networthsystems has 2 current directors:
- Bhavani Shankara Shetty - Managing Director
- Anita Bhavani Shankar Shetty - Director
Networthsystems reported a net profit of ₹90.13 Lakh (net margin 2.2%) and EBITDA of ₹2.21 Cr (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Networthsystems is 35% over three years and 31% over five years. In the latest year (FY 2024) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Networthsystems is 29AAFCN9100Q1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Networthsystems is U35999KA2018PTC109589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Networthsystems was incorporated on 16 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Networthsystems by revenue are Hitech Insulators Private Limited, Marwadi Metals and Minerals Private Limited, Srishti Metals Private Limited, Nagpur Weldwires Products Private Limited, J.J Aluminium Private Limited and 5 more, all in the Infrastructure industry (Electronic Appliances Manufacturing, Metals, Railway Construction).
Anita Bhavani Shankar Shetty was appointed as Director on 16 Jan 2018. Bhavani Shankara Shetty was appointed as Managing Director on 16 Jan 2018.
Networthsystems can be reached through the website networthgroup.in. Its registered office is in Bangalore, Karnataka, India.