About Pan India Network Limited
Data last updated:
Pan India Network Limited is a public limited company based in Mumbai, Maharashtra, India. 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 online gaming platforms segment of the internet and digital services sector. It was incorporated on 23 September 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U92490MH2006PLC164863. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹53 Cr and a paid-up capital of ₹51.59 Cr. It was formerly known as Pan India Network Private Limited and Neptune Gaming Private Limited. It is led by directors including Ashok Balvantrai Sanghavi and Sonu Atmaram Ingale.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 135 Continental Building Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2017, the company reported a revenue of ₹3,896.48 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹46.94 Cr (net margin -1.2%) and EBITDA of ₹47.51 Cr (EBITDA margin 1.2%).
The company has about 52 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 2 brands: Playwin and Cyquator. As per MCA filings, the company has open charges of ₹639.2 Cr and satisfied charges of ₹489.75 Cr on record. Court records list 33 cases involving the company, including 21 filed by the company and 12 filed against it; 4 cases are pending. The company has 22 deals on record (12 secondary share transfers, 6 debt financings, 4 funding rounds), with disclosed funding of ₹346.26 Cr; the latest was in August 2018. Its 3 peer companies in the Ecommerce and Internet industry (Gaming Portal), with the same principal business activity (sports, amusement and recreation activities) are compared by revenue, 1 larger and 2 smaller; the largest is Sporta Technologies Private Limited with revenue of ₹7,374.35 Cr.
The last known website on record is cyquator.com.
Company details
Name history
Pan India Network has undergone 2 name changes throughout its history. The company was previously known as Pan India Network Private Limited, and Neptune Gaming Private Limited. The current legal name is Pan India Network Limited.
| Company Name | Status |
|---|---|
| Pan India Network Limited | Current |
| Pan India Network Private Limited | Previous |
| Neptune Gaming Private Limited | Previous |
CIN history
Pan India Network has one previous CIN (Corporate Identification Number): U92490MH2006PTC164863. The current CIN is U92490MH2006PLC164863, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U92490MH2006PLC164863 | Current |
| U92490MH2006PTC164863 | Previous |
Contact details
Pan India Network Limited's registered office is in Mumbai, Maharashtra. Its website is cyquator.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address135 Continental Building Dr. A. B. Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryInternet, Online Gaming Platforms
To see the full contact details of Pan India Network 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
Pan India Network operates two associated brands: Playwin and Cyquator. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category casino and gambling activities are offered online. | playwin.co | |
| Provides reliable hosting services with infrastructure and support for online applications. | cyquator.com |
Business activity
The main business activity of Pan India Network is arts, entertainment and recreation. In detail, this covers sports, amusement and recreation activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities |
To see the full business activity and turnover split of Pan India Network Limited, buy the company report.
Financials of Pan India Network Limited
FY 2018 filings availablePan India Network Limited reported revenue of ₹3,896.48 Cr (down 1% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3,896.48 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹47.51 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹46.94 Cr | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.2% | ||
| Net Profit Margin | -1.2% | ||
| 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 | |||
To see the full financial statements and ratios of Pan India Network Limited, buy the company report.
Board of directors of Pan India Network Limited
Pan India Network has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sonu Atmaram Ingale | Additional Director | 31 Mar 2019 | 7 Years 6 Months | As last reported |
| Pankaj Atmaram Ingale | Additional Director | 01 Apr 2019 | 7 Years 6 Months | As last reported |
| Ashok Balvantrai Sanghavi | Director | 17 Mar 2009 | 17 Years 7 Months | As last reported |
Peer comparison
Pan India Network Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Gaming Portal), with the same principal business activity (sports, amusement and recreation activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sporta Technologies Private Limited | ₹7,374.35 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India | |||
| Pan India Network Limitedthis company | ₹3,896.48 Cr (FY 2017) | -₹46.94 Cr | -1.2% | -1.0% | 52 | Mumbai, Maharashtra, India |
| Play Games24x7 Private Limited | ₹2,273.52 Cr (FY 2024) | 12.0% | Mumbai, Maharashtra, India | |||
| Galactus Funware Technology Private Limited | ₹1,056.82 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Pan India Network Limited, buy the company report.
Auditor
Pan India Network Limited is audited by LODHA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LODHA & CO | FY 2017 | 301051E |
Shareholding
The shareholding of Pan India Network Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pan India Network Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2015 | 10606137 | Axis Bank Limited | ₹250 Cr | Open | |
| 22 Apr 2015 | 10566920 | Rbl Bank Limited | ₹130 Cr | Open | |
| 28 Nov 2014 | 10533947 | Sbicap Trustee Company Limited | ₹143 Cr | Open | |
| 31 Oct 2014 | 10544194 | Bank of Maharashtra | ₹76.2 Cr | Open | |
| 30 Mar 2009 | 10158093 | State Bank of India | ₹40 Cr | Open |
To see the full charge records of Pan India Network Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Pan India Network Limited has 22 deals on record (12 secondary share transfers, 6 debt financings, 4 funding rounds), with disclosed funding of ₹346.26 Cr; the latest was in August 2018.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Debt financing | ₹15.12 Cr | Investors: Pan India Utilities Distribution Company Limited , Jayneer Infrapower & Multiventures Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Sprit Infrapower & Multiventures Private Limited & Mukund Galgali, Sprit Infrapower & Multiventures Private Limited & Vikas Somani, Sprit Infrapower & Multiventures Private Limited & Dinesh Kanodia Seller: Hemritage Investment & Trading Private Limited, Ganjum Trading Company Private Limited, an individual |
| Nov 2017 | Debt financing | ₹50.7 Cr | Investors: Sprit Infrapower & Multiventures Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Sprit Infrapower & Multiventures Private Limited Seller: an individual |
| Mar 2017 | Debt financing | ₹38.7 Cr | Investors: Jayneer Infrapower & Multiventures Private Limited , Churu Enterprises LLP |
To see the full deal history of Pan India Network Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pan India Network Limited has 33 court cases on record: 21 filed by Pan India Network, 12 filed against it. 4 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 6 | 1 |
| District courts | 10 | 5 | 2 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by M/S SPML Infra Limited | Disposed |
| District court, Akola, Maharashtra | Court case (R.C.C.) | Filed against the company by an individual | Pending |
| NCLT, NCLT Guwahati | Insolvency matter | Filed by the company against Egt Entertainment Private Limited | Pending |
| District court, Akola, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (LPETN) | Filed by the company against International Lottery and Totalizator Systems , Inc | Pending |
To see the full case history of Pan India Network Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pan India Network Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Pan India Network has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Coruscation Vidyut Vitaran (Ujjain) Private Limited | U40101DL2012PTC234711 | |
| Impensus Vidyut Vitaran (Sagar) Private Limited | U40300DL2012PTC234592 | |
| Efflugence Vidyut Vitaran (Gwalior) Private Limited | U40300DL2012PTC234925 | |
| Aurangabad Jal Constructions Private Limited | U41000DL2012PTC235295 | |
| Smart Wireless Private Limited | U64202MH2006PTC166470 | |
| Fortuity Gaming Solutions Private Limited | U74900WB2015PTC207479 |
To see the full group structure of Pan India Network Limited, buy the company report.
Employees & EPFO
Pan India Network Limited has a workforce of 52 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Pan India Network has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pan India Network Limited, buy the company report.
Recent activity
Pan India Network Limited has 14 board changes on record since 2007: 3 appointments and 11 cessations. The latest: Vipin Choudhary ceased to be Director on 20 Aug 2019.
33 earlier events are in the company report.
Frequently asked questions
Pan India Network 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.
Pan India Network is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in online gaming platforms, within the internet industry. It was incorporated on 23 September 2006 and is registered under CIN U92490MH2006PLC164863. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pan India Network has 3 current directors:
- Sonu Atmaram Ingale - Additional Director
- Pankaj Atmaram Ingale - Additional Director
- Ashok Balvantrai Sanghavi - Director
The latest financial statements of Pan India Network on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Pan India Network is U92490MH2006PLC164863. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pan India Network has open charges of ₹639.2 Cr and satisfied charges of ₹489.75 Cr as per latest MCA filings.
Pan India Network has 33 court cases on record: 21 filed by the company and 12 filed against it. 4 are pending. Most are in the high courts.
Pan India Network was incorporated on 23 September 2006. It is registered with the Registrar of Companies, Mumbai.
Pan India Network has 22 deals on record (12 secondary share transfers, 6 debt financings, 4 funding rounds), with disclosed funding of ₹346.26 Cr; the latest was in August 2018.
The peers of Pan India Network by revenue are Sporta Technologies Private Limited, Play Games24x7 Private Limited, Galactus Funware Technology Private Limited, all in the Ecommerce and Internet industry (Gaming Portal), with the same principal business activity (sports, amusement and recreation activities).
Vipin Choudhary ceased to be Director on 20 Aug 2019. Tansukh Muljibhai Dhakan ceased to be Cfo(Kmp) on 02 Apr 2019. Pankaj Atmaram Ingale was appointed as Additional Director on 01 Apr 2019. Pan India Network has 14 board changes on record in total.