MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0091780
Opengear Networks Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.01 Lakh
▼ 67% YoY
Net loss · FY 2025
₹17.69 Lakh
Net margin -252.4%
EBITDA · FY 2025
-₹17.35 Lakh
EBITDA margin -247.5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
23 yrs
Est. 2003
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Opengear Networks Private Limited
Data last updated:
Opengear Networks Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2003PTC033042. Its GSTIN is 29AAACO6461E1ZF (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Narayanan Surya Ramachandran (Managing Director) and Ramachandran Narayanan.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.18 Cr Layout First Cross J.P.Nagar First Phase, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.01 Lakh, a decline of 67% compared to the previous year. For the same year it recorded a net loss of ₹17.69 Lakh (net margin -252.4%) and EBITDA of -₹17.35 Lakh (EBITDA margin -247.5%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 40% over five years.
The company is associated with 1 brand: OpenGear Networks.
Opengear Networks Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0091780). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website opengear.net.
Company Details of Opengear Networks Private Limited
CIN U72900KA2003PTC033042
Registration Number 033042
Incorporation Date 18 December 2003
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0091780
Recognitions & Rankings of Opengear Networks
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.18 Cr Layout First Cross J.P.Nagar First Phase, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Opengear Networks Private Limited
Opengear Networks operates one associated brand: OpenGear Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| OpenGear Networks offers consulting in network security, information services, and infrastructure planning. | opengear.net |
Business Activity of Opengear Networks Private Limited
The main business activity of Opengear Networks is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Opengear Networks Private Limited FY 2025 filings available
Opengear Networks Private Limited reported revenue of ₹7.01 Lakh (down 67% YoY) for FY 2025.
Revenue · FY 2025
₹7.01 Lakh ▼ 67%
Net loss · FY 2025
₹17.69 Lakh margin -252.4%
EBITDA · FY 2025
-₹17.35 Lakh margin -247.5%
Compounded Annual Growth Rate (CAGR) of Opengear Networks Private Limited
Revenue CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 45%
5 years · compounded
▼ 40%
EBITDA CAGR growth
1 year
▼ 155%
3 years · compounded
▼ 46%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 67% fall in the latest year. EBITDA fell 155% 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 Opengear Networks 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 | -₹17.35 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.69 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 Opengear Networks Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -247.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -252.4% | •••• | •••• | •••• | •••• |
| 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 Opengear Networks are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Opengear Networks Private Limited
Opengear Networks has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanan Surya Ramachandran | Managing Director | 18 Dec 2003 | 22 Years 10 Months | Current |
| Ramachandran Narayanan | Director | 18 Dec 2003 | 22 Years 10 Months | Current |
Peer Comparison of Opengear Networks Private Limited
Opengear Networks Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Acumen Iotronics Private Limited | ₹7.07 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Aspen Communications Private Limited TFR. From Chandigarh to Delhi | ₹7.05 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | Chandigarh, India |
| Moody Creations Private Limited | ₹7.03 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Chernet Media Private Limited | ₹7.02 Lakh (FY 2020) | •••• | •••• | 34.0% | •••• | Sonipat, Haryana, India |
| Jeta Software (India) Private Limited | ₹7.01 Lakh (FY 2020) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Opengear Networks Private Limited this company | ₹7.01 Lakh (FY 2025) | •••• | •••• | -67.0% | •••• | Bangalore, Karnataka, India |
| Ppic Software Solutions Private Limited | ₹7 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Merkado Rha Technology Private Limited | ₹7 Lakh (FY 2020) | •••• | •••• | •••• | Yelahnaka, Bengaluru, Karnataka, India | |
| Hyderabad Institute of Computers Private Limited | ₹7 Lakh (FY 2024) | •••• | •••• | -3.0% | •••• | Secunderabad, Telangana, India |
| Shambhavi Intellect Private Limited | ₹7 Lakh (FY 2023) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Nanda Softwares Private Limited | ₹6.99 Lakh (FY 2024) | •••• | •••• | 110.0% | •••• | Mathura, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Opengear Networks by revenue in the Information Technology industry (IT Consulting and Services), 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 Opengear Networks Private Limited
Opengear Networks Private Limited is audited by MOHAN AND CHANDRASEKHAR for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MOHAN AND CHANDRASEKHAR | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Opengear Networks Private Limited
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Charges & Borrowings of Opengear Networks Private Limited
Opengear Networks Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Opengear Networks Private Limited
Employment history and EPFO contributions of people linked to Opengear Networks.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Opengear Networks Private Limited
Opengear Networks Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Narayanan Surya Ramachandran was appointed as Managing Director on 18 Dec 2003.
AGM
Opengear Networks Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Filing
Opengear Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Narayanan Surya Ramachandran was appointed as Managing Director.
Appointed
Ramachandran Narayanan was appointed as Director.
Incorporation
18 Dec 2003
Opengear Networks Private Limited was registered on 18 Dec 2003 with Roc Bangalore & aged 22 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Opengear Networks Private Limited
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Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Opengear Networks Private Limited
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Subsidiaries & Group Companies of Opengear Networks Private Limited
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GST Compliance of Opengear Networks Private Limited
Opengear Networks has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACO6461E1ZF | Karnataka | Active | 09 Jul 2019 |
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MCA Filings & Documents of Opengear Networks Private Limited
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Frequently Asked Questions about Opengear Networks Private Limited
Opengear Networks 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 18 December 2003 (23+ years old) and is registered under CIN U72900KA2003PTC033042.
Opengear Networks reported revenue of ₹7.01 Lakh for FY 2025 (down 67% YoY).
Opengear Networks has 2 current directors:
- Narayanan Surya Ramachandran - Managing Director
- Ramachandran Narayanan - Director
Opengear Networks reported a net loss of ₹17.69 Lakh (net margin -252.4%) and EBITDA of -₹17.35 Lakh (EBITDA margin -247.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Opengear Networks is -45% over three years and -40% over five years. In the latest year (FY 2025) revenue fell 67%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Opengear Networks is 29AAACO6461E1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Opengear Networks is U72900KA2003PTC033042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Opengear Networks was incorporated on 18 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Opengear Networks by revenue are Acumen Iotronics Private Limited, Aspen Communications Private Limited TFR. From Chandigarh to Delhi, Moody Creations Private Limited, Chernet Media Private Limited, Jeta Software (India) Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Narayanan Surya Ramachandran was appointed as Managing Director on 18 Dec 2003. Ramachandran Narayanan was appointed as Director on 18 Dec 2003.
Yes, Opengear Networks is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0091780).