About Reddy Business Network Foundation
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Reddy Business Network Foundation is a private not for profit company based in Hyderabad, Telangana, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 06 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2017NPL121035.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Venkateshwara Reddy Kolanu and Vinitreddy Kolanu.
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 2 – 2 – 116/7/9/A New Nallakunta Tilak Nagar, Hyderabad, Telangana, India – 500044.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.46 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹1,066 (net margin -0.7%) and EBITDA of -₹1,066 (EBITDA margin -0.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reddybusinessnetwork.com.
Company details
Contact details
Reddy Business Network Foundation's registered office is in Hyderabad, Telangana. Its website is reddybusinessnetwork.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 – 2 – 116/7/9/A New Nallakunta Tilak Nagar, Hyderabad, Telangana, India – 500044
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Reddy Business Network Foundation, 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
Business activity
The main business activity of Reddy Business Network Foundation is personal and household service. In detail, this covers activities of membership organisations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S1 | Activities of membership organisations |
To see the full business activity and turnover split of Reddy Business Network Foundation, buy the company report.
Financials of Reddy Business Network Foundation
FY 2024 filings availableReddy Business Network Foundation reported revenue of ₹1.46 Lakh (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 5% growth in the latest year. EBITDA rose 38% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1,066 | ||||
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| Net Profit (PAT) | -₹1,066 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -0.7% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Reddy Business Network Foundation, buy the company report.
Board of directors of Reddy Business Network Foundation
Reddy Business Network Foundation has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinitreddy Kolanu | Additional Director | 26 Aug 2022 | 4 Years 2 Months | Current |
| Venkateshwara Reddy Kolanu | Director | 06 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Reddy Business Network Foundation is audited by THIRUPATHI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THIRUPATHI & ASSOCIATES | FY 2019 | 013000S |
Shareholding
The shareholding of Reddy Business Network Foundation is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Reddy Business Network Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Reddy Business Network Foundation 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 Reddy Business Network Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Reddy Business Network Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Reddy Business Network Foundation has 3 board changes on record since 2017: 2 appointments and 1 cessation. The latest: Anantha Reddy Pati ceased to be Director on 26 Aug 2022.
Frequently asked questions
Reddy Business Network Foundation is an active private not for profit company based in Hyderabad, Telangana, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 06 December 2017 (9+ years old) and is registered under CIN U74999TG2017NPL121035.
Reddy Business Network Foundation has 2 current directors:
- Vinitreddy Kolanu - Additional Director
- Venkateshwara Reddy Kolanu - Director
The latest financial statements of Reddy Business Network Foundation 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 FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Reddy Business Network Foundation is U74999TG2017NPL121035. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reddy Business Network Foundation was incorporated on 06 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
Anantha Reddy Pati ceased to be Director on 26 Aug 2022. Vinitreddy Kolanu was appointed as Additional Director on 26 Aug 2022. Venkateshwara Reddy Kolanu was appointed as Director on 06 Dec 2017.
Reddy Business Network Foundation can be reached through the website reddybusinessnetwork.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Reddy Business Network Foundation is at 2 – 2 – 11679A New Nallakunta Tilak Nagar, Hyderabad, Telangana, India – 500044.
Reddy Business Network Foundation operates in the internet industry, in the online service marketplaces segment.
The compliance status of Reddy Business Network Foundation is compliant as of 05 September 2026. The company is actively filing with the Registrar of Companies.
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