About Pyro Networks Private Limited
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Pyro Networks Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 13 February 2008.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2008PTC057586. Its GSTIN is 36AAECP6271B1ZL (Telangana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹2 Cr. It was formerly known as Pyro Telecommunications Private Limited. It was led by directors Paritosh Reddy Thummalapally and Sodum Madduletti Reddy.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2016, the company reported a revenue of ₹193.19 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹25.59 Lakh (net margin 0.1%) and EBITDA of ₹1.15 Cr (EBITDA margin 0.6%).
The company was associated with 2 brands: Pyro Group and Speedpay Plus. As per MCA filings, the company had open charges of ₹2.84 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 1 case is pending.
The last known website on record is pyrogroup.com.
Company details
CIN history
Pyro Networks has one previous CIN (Corporate Identification Number): U74999AP2008PTC057586. The current CIN is U74999TG2008PTC057586, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TG2008PTC057586 | Current |
| U74999AP2008PTC057586 | Previous |
Contact details
Pyro Networks Private Limited's registered office is in Hyderabad, Telangana. Its website is pyrogroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSrinilaya Cyber Spazio West Wing Second Floor 8 – 2 – 269/A/2/1 To 6 Road No. 2 Banjara, Hills, Hyderabad, Telangana, India – 500034
- IndustryTelecom, Mobile Value-Added Services (VAS)
To see the full contact details of Pyro Networks 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
Pyro Networks operates two associated brands: Pyro Group and Speedpay Plus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Roaming and mobile finance solutions provider | pyrogroup.com | |
| Online courses in English, Japanese, and Chinese are provided. | speedpayplus.com |
Business activity
The main business activity of Pyro Networks 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 Pyro Networks Private Limited, buy the company report.
Financials of Pyro Networks Private Limited
FY 2016 filings availablePyro Networks Private Limited reported revenue of ₹193.19 Cr (up 324% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 324% in the latest year. EBITDA fell 25% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹193.19 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.15 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹25.59 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.6% | |
| Net Profit Margin | 0.1% | |
| 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 Pyro Networks Private Limited, buy the company report.
Board of directors of Pyro Networks Private Limited
Pyro Networks 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 |
|---|---|---|---|---|
| Paritosh Reddy Thummalapally | Director | 18 Feb 2015 | 11 Years 8 Months | As last reported |
| Sodum Madduletti Reddy | Director | 05 Apr 2012 | 14 Years 6 Months | As last reported |
Auditor
Pyro Networks Private Limited is audited by S S REDDY & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S REDDY & CO | FY 2016 | 011525S |
Shareholding
The shareholding of Pyro Networks Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pyro Networks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2017 | 100102526 | Others | ₹25 Lakh | Open | |
| 25 Apr 2014 | 10504070 | Bank of India | ₹9.11 Lakh | Open | |
| 31 Oct 2012 | 10388731 | Bank of India | ₹2.5 Cr | Open |
To see the full charge records of Pyro Networks Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Pyro Networks Private Limited has 7 court cases on record: 5 filed by Pyro Networks, 2 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against Ms. Spazio Tech Solutions Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Tirumala Seven Hill P Ltd. | Pending |
| High Court, TELANGANA | Court case (COMPA) | Filed by the company | Disposed |
| High Court, TELANGANA | Company petition | Filed by the company | Disposed |
| High Court for State of Telangana | Company petition | Filed by the company | Disposed |
To see the full case history of Pyro Networks Private 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 Pyro Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pyro Networks has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECP6271B1ZL | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pyro Networks Private Limited, buy the company report.
Recent activity
Pyro Networks Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Bathina Thirupal Reddy ceased to be Director on 07 May 2018.
2 earlier events are in the company report.
News
Frequently asked questions
Pyro Networks has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pyro Networks was a private limited company based in Hyderabad, Telangana, India. The company worked in mobile value-added services (vas), within the telecom industry. It was incorporated on 13 February 2008 and is registered under CIN U74999TG2008PTC057586. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pyro Networks was incorporated on 13 February 2008. It is registered with the Registrar of Companies, Hyderabad.
Pyro Networks had 2 directors:
- Paritosh Reddy Thummalapally - Director
- Sodum Madduletti Reddy - Director
The CIN (Corporate Identification Number) of Pyro Networks is U74999TG2008PTC057586. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Pyro Networks is at Srinilaya Cyber Spazio West Wing Second Floor 8 – 2 – 269A21 To 6 Road No. 2 Banjara, Hills, Hyderabad, Telangana, India – 500034.
Pyro Networks can be reached through the website pyrogroup.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Pyro Networks on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Pyro Networks is 36AAECP6271B1ZL, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Pyro Networks operated in the telecom industry, in the mobile value-added services (vas) segment.