About Nextdrop Smart Water Systems Private Limited
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Nextdrop Smart Water Systems Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Nextdrop, Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2012PTC062023. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.03 Cr. It is led by directors Devin Thomas Miller and Anurag Megha Sridharan.
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 45/3 1st Floor Gopalakrishna Complex Off Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2021, the company reported a revenue of ₹13.28 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹4.92 Lakh (net margin -37%) and EBITDA of -₹4.6 Lakh (EBITDA margin -34.6%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 32% over five years.
The company is associated with 1 brand: NextDrop. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹55.9 Lakh; the latest was in May 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nextdrop.org.
Company details
Contact details
Nextdrop Smart Water Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is nextdrop.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address45/3 1st Floor Gopalakrishna Complex Off Residency Road, Bangalore, Karnataka, India – 560025
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Nextdrop Smart Water Systems 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
Nextdrop Smart Water Systems operates one associated brand: NextDrop. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers urban water distribution and management services for efficient community access. | nextdrop.co |
Business activity
The main business activity of Nextdrop Smart Water Systems 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 Nextdrop Smart Water Systems Private Limited, buy the company report.
Financials of Nextdrop Smart Water Systems Private Limited
FY 2024 filings availableNextdrop Smart Water Systems Private Limited reported revenue of ₹13.28 Lakh (down 14% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 14% fall in the latest year. EBITDA fell 329% 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
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| EBITDA | -₹4.6 Lakh | ||||
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| Net Profit (PAT) | -₹4.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -34.6% | ||||
| Net Profit Margin | -37% | ||||
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To see the full financial statements and ratios of Nextdrop Smart Water Systems Private Limited, buy the company report.
Board of directors of Nextdrop Smart Water Systems Private Limited
Nextdrop Smart Water Systems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devin Thomas Miller Also directs: Nextdrop Water Tracking Technologies Private Limited | Director | 25 Jan 2016 | 10 Years 8 Months | Current |
| Anurag Megha Sridharan Also directs: Nextdrop Water Tracking Technologies Private Limited | Director | 10 Jan 2012 | 14 Years 9 Months | Current |
Shareholding
The shareholding of Nextdrop Smart Water Systems Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nextdrop Smart Water Systems Private Limited, buy the company report.
Deals & funding
Nextdrop Smart Water Systems Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹55.9 Lakh; the latest was in May 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Rights issue | ₹48.9 Lakh | Investors: NextDrop Inc |
| Jun 2013 | Funding round | ₹21.7 Lakh | Investors: NextDrop Inc |
| Jul 2012 | Funding round | ₹34.2 Lakh | Investors: NextDrop Inc |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: NextDrop Inc Seller: an individual |
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 Nextdrop Smart Water Systems 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 Nextdrop Smart Water Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nextdrop Smart Water Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nextdrop Smart Water Systems Private Limited, buy the company report.
Recent activity
Nextdrop Smart Water Systems Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Bindu Jayaram ceased to be Director on 05 Dec 2016.
Frequently asked questions
Nextdrop Smart Water Systems is an active 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 10 January 2012 (14+ years old) and is registered under CIN U72900KA2012PTC062023.
Nextdrop Smart Water Systems has 2 current directors:
- Devin Thomas Miller - Director
- Anurag Megha Sridharan - Director
The latest financial statements of Nextdrop Smart Water Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Nextdrop Smart Water Systems has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nextdrop Smart Water Systems is U72900KA2012PTC062023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nextdrop Smart Water Systems was incorporated on 10 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Nextdrop Smart Water Systems has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹55.9 Lakh; the latest was in May 2015.
Bindu Jayaram ceased to be Director on 05 Dec 2016. Quijano Flores ceased to be Director on 05 Feb 2016. Devin Thomas Miller was appointed as Director on 25 Jan 2016. Nextdrop Smart Water Systems has 6 board changes on record in total.
Nextdrop Smart Water Systems can be reached through the website nextdrop.org. Its registered office is in Bangalore, Karnataka, India.
The registered office of Nextdrop Smart Water Systems is at 453 1st Floor Gopalakrishna Complex Off Residency Road, Bangalore, Karnataka, India – 560025.