About Retention Nine Technologies Private Limited
Data last updated:
Retention Nine Technologies Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Betaout Inc.. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 11 September 2014.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2014PTC271492. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.4 Lakh. It was formerly known as Veeba Technologies Private Limited. It was led by directors Ankit Maheshwari and Arjun Maheshwari.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at B – 158 1st Floor East Vinod Nagar, New Delhi, Delhi, India – 110092.
As per the financials filed for FY 2020, the company reported a revenue of ₹39.67 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹70.05 Lakh (net margin -176.6%) and EBITDA of -₹70.01 Lakh (EBITDA margin -176.5%). Revenue has declined at a compounded annual rate (CAGR) of 65% over three years.
The company had about 16 employees on its provident fund (EPFO) records before it was struck off.
Court records list 1 case involving the company, including 1 filed by the company. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in November 2016.
The last known website on record is retention9.com.
Company details
Contact details
Retention Nine Technologies Private Limited's registered office is in New Delhi, Delhi. Its website is retention9.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressB – 158 1st Floor East Vinod Nagar, New Delhi, Delhi, India – 110092
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Retention Nine Technologies 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
Business activity
The main business activity of Retention Nine Technologies is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Retention Nine Technologies Private Limited, buy the company report.
Financials of Retention Nine Technologies Private Limited
FY 2020 filings availableRetention Nine Technologies Private Limited reported revenue of ₹39.67 Lakh (down 91% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over three years, including a 91% fall in the latest year. EBITDA fell 746% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹39.67 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹70.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -176.5% | ||||
| Net Profit Margin | -176.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Retention Nine Technologies Private Limited, buy the company report.
Board of directors of Retention Nine Technologies Private Limited
Retention Nine Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Maheshwari Also directs: Pramaan.Io Private Limited | Director | 17 Apr 2015 | 11 Years 6 Months | As last reported |
| Arjun Maheshwari Also directs: Openanalyst AI Private Limited, Anm Enablers Private Limited | Director | 17 Apr 2015 | 11 Years 6 Months | As last reported |
Auditor
Retention Nine Technologies Private Limited is audited by SAVITA GUPTA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAVITA GUPTA & CO | FY 2020 | 022677C |
Shareholding
The shareholding of Retention Nine Technologies Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Retention Nine Technologies Private Limited, buy the company report.
Deals & funding
Retention Nine Technologies Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in November 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2016 | Rights issue | ₹1.33 Cr | Investors: Betaout Inc |
| Jul 2016 | Rights issue | ₹1.33 Cr | Investors: Betaout Inc |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Betaout Inc & Arjun Maheshwari, Betaout Inc Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Retention Nine Technologies Private Limited has 1 court case on record: 1 filed by Retention Nine Technologies. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against M/S Wildcraft India Private Ltd | Disposed |
To see the full case history of Retention Nine Technologies 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 Retention Nine Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Retention Nine Technologies Private Limited has a workforce of 16 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Retention Nine Technologies has 2 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 Retention Nine Technologies Private Limited, buy the company report.
Recent activity
Retention Nine Technologies Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Alpna Gupta ceased to be Director on 11 May 2015.
Frequently asked questions
Retention Nine Technologies has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Retention Nine Technologies was a private limited company based in New Delhi, Delhi, India. The company worked in web design and maintenance services, within the information technology industry. It was incorporated on 11 September 2014 and is registered under CIN U74140DL2014PTC271492. The company has been struck off by the Registrar of Companies and is no longer operational.
Retention Nine Technologies had 2 directors:
- Ankit Maheshwari - Director
- Arjun Maheshwari - Director
The CIN (Corporate Identification Number) of Retention Nine Technologies is U74140DL2014PTC271492. 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 Retention Nine Technologies is at B – 158 1st Floor East Vinod Nagar, New Delhi, Delhi, India – 110092.
Retention Nine Technologies was incorporated on 11 September 2014. It is registered with the Registrar of Companies, Delhi.
Retention Nine Technologies can be reached through the website retention9.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Retention Nine Technologies on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
No. Retention Nine Technologies has 2 GST registrations on record and all of them are cancelled or inactive.
Retention Nine Technologies operated in the information technology industry, in the web design and maintenance services segment. It worked in this industry before it was struck off.