Rigel Networks Private Limited

Rigel Networks Private Limited - information technology in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U72200GJ2006PTC049188 Incorporated 29 September 2006 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Private Limited Company information technology MSME · Small
Data last updated
Revenue · FY 2025
₹11.23 Cr
▲ 13% YoY
Net profit · FY 2025
₹5.57 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹58.88 Lakh
EBITDA margin 5.2%
Authorised capital
₹3 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹6.6 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
121
Provident fund records

About Rigel Networks Private Limited

Data last updated:

Rigel Networks Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 29 September 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2006PTC049188. Its GSTIN is 24AADCR4007J1ZM (Gujarat).

The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vishal Mansukhbhai Dalsania and Bhairav Jayant Patel.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 702/6/7 Dwarkesh Complex R.C. Dutt Road Alkapuri, Vadodara, Gujarat, India – 390005.

As per the financials filed for FY 2025, the company reported a revenue of ₹11.23 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹5.57 Lakh (net margin 0.5%) and EBITDA of ₹58.88 Lakh (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 5% over five years.

The company has about 121 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Rigel Networks. As per MCA filings, the company has open charges of ₹6.6 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company.

Rigel Networks Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0015270). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rigelnetworks.com.

Company details

CIN U72200GJ2006PTC049188
Registration Number 049188
Incorporation Date 29 September 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0015270
Key People
Vishal Mansukhbhai Dalsania Director Bhairav Jayant Patel Director Nischal Jayant Patel Director

Recognitions & Rankings of Rigel Networks

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-24-0015270

Contact details

Rigel Networks Private Limited's registered office is in Vadodara, Gujarat. Its website is rigelnetworks.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rigelnetworks.com
  • Social Media
  • Registered Address
    702/6/7 Dwarkesh Complex R.C. Dutt Road Alkapuri, Vadodara, Gujarat, India – 390005
  • Industry
    Information Technology, Application Development & Software Solutions

To see the full contact details of Rigel Networks Private Limited, buy the company report.

Comprehensive company report
Rigel Networks Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Rigel Networks operates one associated brand: Rigel Networks. Each brand links to its own profile.

BrandDescriptionWebsite
Rigel Networks
Provides IT consulting, software development, staffing, and infrastructure services worldwide.rigelnetworks.com

Business activity

The main business activity of Rigel Networks is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ2Publishing of computer operating systems, system software, application software, games, etc.

To see the full business activity and turnover split of Rigel Networks Private Limited, buy the company report.

Financials of Rigel Networks Private Limited

FY 2025 filings available

Rigel Networks Private Limited reported revenue of ₹11.23 Cr (up 13% YoY) for FY 2025.

Revenue · FY 2025
₹11.23 Cr ▲ 13%
Net profit · FY 2025
₹5.57 Lakh margin 0.5%
EBITDA · FY 2025
₹58.88 Lakh margin 5.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 6%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 211%
3 years · compounded
▼ 28%
5 years · compounded
▼ 17%

Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 13% growth in the latest year. EBITDA rose 211% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹58.88 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.57 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.2%
Net Profit Margin0.5%
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 Rigel Networks Private Limited, buy the company report.

Board of directors of Rigel Networks Private Limited

Rigel Networks has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vishal Mansukhbhai Dalsania
Also directs: Barter Minds LLP, Savegeo Energy Private Limited
Director29 Sep 200620 Years 1 MonthsCurrent
Bhairav Jayant Patel
Also directs: Barter Minds LLP, Savegeo Energy Private Limited
Director29 Sep 200620 Years 1 MonthsCurrent
Nischal Jayant Patel
Also directs: Barter Minds LLP
Director22 May 201412 Years 5 MonthsCurrent
View all directors

Auditor

Rigel Networks Private Limited is audited by KRUNAL SHAH & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
KRUNAL SHAH & COFY 2021127619W

Shareholding

The shareholding of Rigel Networks Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Rigel Networks Private Limited, buy the company report.

Charges & borrowings

Open charges
₹6.6 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹6.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
23 Oct 201510601110Others₹6.6 CrOpen

To see the full charge records of Rigel Networks Private Limited, buy the company report.

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rigel Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Rigel Networks Private Limited has a workforce of 121 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
121
Active EPFO establishments
1
Employee growth
-3.2%

GST

Rigel Networks has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCR4007J1ZMGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Rigel Networks Private Limited, buy the company report.

Recent activity

Rigel Networks Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Minesh Natubhai Patel ceased to be Additional Director on 25 Mar 2015.

AGM
Rigel Networks Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 660.00 Lakh registered on 23 Oct 2015 with Charge ID 10601110 was modified on 03 Jun 2025.
Filing
Rigel Networks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 660.00 Lakh with Charge ID 10601110 was registered on 23 Oct 2015.
Ceased
Minesh Natubhai Patel ceased to be Additional Director.
Ceased
Nischal Jayant Patel ceased to be Additional Director.
Appointed
Nischal Jayant Patel was appointed as Director.
Appointed
Bhairav Jayant Patel was appointed as Director.
Appointed
Vishal Mansukhbhai Dalsania was appointed as Director.
Incorporation
29 Sep 2006
Rigel Networks Private Limited was registered on 29 Sep 2006 with Roc Ahmedabad & aged 20 years 1 month as per MCA records.

News

Frequently asked questions

Rigel Networks is an active private limited company based in Vadodara, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 29 September 2006 (20+ years old) and is registered under CIN U72200GJ2006PTC049188.

Rigel Networks has 3 current directors:

The latest financial statements of Rigel Networks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Rigel Networks is 24AADCR4007J1ZM, registered in Gujarat.

The CIN (Corporate Identification Number) of Rigel Networks is U72200GJ2006PTC049188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Rigel Networks has 5 court cases on record: 5 filed by the company.

Rigel Networks was incorporated on 29 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Minesh Natubhai Patel ceased to be Additional Director on 25 Mar 2015. Nischal Jayant Patel ceased to be Additional Director on 29 Sep 2014. Nischal Jayant Patel was appointed as Director on 22 May 2014. Rigel Networks has 5 board changes on record in total.

Yes, Rigel Networks is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0015270).

Rigel Networks can be reached through the website rigelnetworks.com. Its registered office is in Vadodara, Gujarat, India.