Satelliteweave Ventures Limited

Satelliteweave Ventures Limited - telecom in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN U32109GJ2000PLC037266 Incorporated 31 January 2000 ROC Ahmedabad HQ Vadodara, Gujarat, India
Under Liquidation Public Limited Company telecom
Data last updated
Revenue · FY 2020
₹120.06 Cr
▼ 15% YoY
Net loss · FY 2020
₹57.57 Cr
Net margin -47.9%
EBITDA · FY 2020
-₹52.24 Cr
EBITDA margin -43.5%
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹20.93 Cr
Issued & subscribed
Satisfied charges
₹30.75 Cr
No open charges
Company age
26 yrs
Est. 2000
Employees · EPFO
3
Provident fund records

About Satelliteweave Ventures Limited

Data last updated:

Satelliteweave Ventures Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Infibeam Incorporation Limited. 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 telecom network support segment of the telecommunications sector. It was incorporated on 31 January 2000.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32109GJ2000PLC037266. Its GSTIN is 24AAACI7721B1Z4 (Gujarat). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹20.93 Cr. It was formerly known as Spaceo Ventures Limited and Spacenet Ventures Limited. It is led by directors including Sachin Naveen Sinha (Irp/Rp/Liquidator) and Vishnubhai Govind Bhai Chauhan.

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 is at Vadodara, Gujarat.

As per the financials filed for FY 2020, the company reported a revenue of ₹120.06 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹57.57 Cr (net margin -47.9%) and EBITDA of -₹52.24 Cr (EBITDA margin -43.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.

The company has about 3 employees on its provident fund (EPFO) records.

As per MCA filings, the company has satisfied charges of ₹30.75 Cr on record. Court records list 107 cases involving the company, including 20 filed by the company and 87 filed against it; 28 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019. Its 10 peer companies in the Telecom industry (Landline ISP and Broadband) are compared by revenue, 5 larger and 5 smaller; the largest is Winpro Industries Limited with revenue of ₹151.6 Cr.

The last known website on record is infinium.co.in.

Company Details of Satelliteweave Ventures Limited
CIN U32109GJ2000PLC037266
Registration Number 037266
Incorporation Date 31 January 2000
ROC Ahmedabad
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Parent Company Infibeam Incorporation Limited
Compliance Status Active Compliant
Key People
Sachin Naveen Sinha Irp/Rp/Liquidator Vishnubhai Govind Bhai Chauhan Director Manthan Bipinbhai Doshi Additional Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    infinium.co.in
  • Social Media
  • Registered Address
    20 Nirman Soceity Rustam Patel Marg Near Crossword Alka, Puri, Vadodara, Gujarat, India – 390007
  • Industry
    Telecom, Telecom Network Support
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Financials, compliance, directors, charges, ownership and filings for Satelliteweave Ventures Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Satelliteweave Ventures Limited

The main business activity of Satelliteweave Ventures is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
JInformation and communicationJ5Wired, wireless or satellite Telecommunication activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Satelliteweave Ventures Limited FY 2020 filings available

Satelliteweave Ventures Limited reported revenue of ₹120.06 Cr (down 15% YoY) for FY 2020.

Revenue · FY 2020
₹120.06 Cr ▼ 15%
Net loss · FY 2020
₹57.57 Cr margin -47.9%
EBITDA · FY 2020
-₹52.24 Cr margin -43.5%

Compounded Annual Growth Rate (CAGR) of Satelliteweave Ventures Limited

Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 31%
EBITDA CAGR growth
3 years · compounded
▼ 193%

Revenue fell 15% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. 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 of Satelliteweave Ventures Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹120.06 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹52.24 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹57.57 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 of Satelliteweave Ventures Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin-43.5%••••••••••••••••
Net Profit Margin-47.9%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Satelliteweave Ventures are in the company report.

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Financial statements from 2015

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Peer Comparison of Satelliteweave Ventures Limited

Satelliteweave Ventures Limited is compared with the companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Winpro Industries Limited Listed₹151.6 Cr (FY 2021)••••••••-22.0%••••Mumbai, Maharashtra, India
Solana Biofuels Limited Listed₹147.89 Cr (FY 2025)••••••••118.0%••••Hyderabad, Telangana, India
D-Vois Communications Private Limited₹147.77 Cr (FY 2022)••••••••-13.0%••••
Unified Electro-Tech Private Limited₹137.52 Cr (FY 2025)••••••••59.0%••••Bangalore, Karnataka, India
Antariksh Softtech Private Limited₹125.64 Cr (FY 2024)••••••••-43.0%••••Thane, Maharashtra, India
Satelliteweave Ventures Limited this company₹120.06 Cr (FY 2020)••••••••-15.0%••••Vadodara, Gujarat, India
Anonet Communications Private Limited₹102.9 Cr (FY 2025)••••••••19.0%••••Delhi, India
You Broadband India Limited₹99.12 Cr (FY 2025)••••••••-17.0%••••Mumbai, Maharashtra, India
Intech Online Private Limited₹98.67 Cr (FY 2024)••••••••72.0%••••Thane, Maharashtra, India
Trans Virtual Private Limited₹93.78 Cr (FY 2025)••••••••15.0%••••Guwahati, Assam, India
Tatanet Services Limited₹88.65 Cr (FY 2018)••••••••10.0%••••Navi Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Satelliteweave Ventures by revenue in the Telecom industry (Landline ISP and Broadband), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Satelliteweave Ventures Limited

Satelliteweave Ventures Limited is audited by JAIMIN DELIWALA & CO for the financial year 2020.

NameStatusAppointment DateCessation Date
JAIMIN DELIWALA & COLockedLockedLocked
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Board of Directors of Satelliteweave Ventures Limited

Satelliteweave Ventures has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Sachin Naveen Sinha
Also directs: Vishal Pipes Limited
Irp/Rp/Liquidator20 Mar 20242 Years 6 MonthsAs last reported
Vishnubhai Govind Bhai Chauhan
Also directs: India Infraspace Limited
Director01 Oct 201412 Years 0 MonthsAs last reported
Manthan Bipinbhai Doshi
Also directs: Tiw Systems Private Limited
Additional Director10 Mar 20215 Years 7 MonthsAs last reported
Mita Harshul Shah
Also directs: Akhil Retail Private Limited
Director01 Oct 201412 Years 0 MonthsAs last reported
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Ownership and Shareholding of Satelliteweave Ventures Limited

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Charges & Borrowings of Satelliteweave Ventures Limited

Open charges
None
Satisfied charges
₹30.75 Cr
Breakdown by lending institutions
Others₹21.75 Cr
Icici Bank Limited₹9.00 Cr
Latest charge details
DateLenderAmountStatus
25 Sep 2009Others₹21.75 CrSatisfied
28 Jun 2004Icici Bank Limited₹9 CrSatisfied

Total charge records: 2 View all charges

Deals & Funding of Satelliteweave Ventures Limited

Satelliteweave Ventures Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019.

Total deals
6
Secondary share transfers
5
Acquisition
1

Deals on record (5 of 6)

WhenDealAmountParties
Jan 2019Acquisition₹61.18 CrBuyer: Tradohub B2b Limited
Seller: Avenuesai Limited
Sep 2014Secondary share transferUndisclosedBuyer: Avenuesai Limited
Seller: Tiw Ventures Inc
Sep 2013Secondary share transferUndisclosedBuyer: Tiw Ventures Inc, Avenuesai Limited
Seller: Avenuesai Limited, Tiw Ventures Inc
Sep 2010Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Shaival Reality Limited , Infinium Motors Private Limited , Infinium Communication Private Limited , an individual
Sep 2008Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Satelliteweave Ventures Limited

Satelliteweave Ventures Limited has a workforce of 3 employees as of Apr 05, 2024.

Employee count
3
Active EPFO establishments
1
Employee growth
-75%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Name History of Satelliteweave Ventures Limited

Satelliteweave Ventures has undergone 3 name changes throughout its history. The company was previously known as Spaceo Ventures Limited, Spacenet Ventures Limited, and Infinium (India) Limited. The current legal name is Satelliteweave Ventures Limited.

Company NameStatus
Satelliteweave Ventures LimitedCurrent
Spaceo Ventures LimitedPrevious
Spacenet Ventures LimitedPrevious
Infinium (India) LimitedPrevious

Recent Activity on Satelliteweave Ventures Limited

Satelliteweave Ventures Limited has 14 board changes on record since 2013: 4 appointments and 10 cessations. The latest: Sachin Naveen Sinha was appointed as Irp/Rp/Liquidator on 20 Mar 2024.

Appointed
Sachin Naveen Sinha was appointed as Irp/Rp/Liquidator.
Ceased
Harsh Vinodbhai Patel ceased to be Director.
Appointed
Manthan Bipinbhai Doshi was appointed as Additional Director.
AGM
Satelliteweave Ventures Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Ceased
Mahesh Dahyabhai Makwana ceased to be Cfo(Kmp).
Filing
Satelliteweave Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.
Charges
A charge registered on 25 Sep 2009 via Charge ID 10184671 with Others was fully satisfied on 17 Feb 2020.
Ceased
Akash Kanubhai Domadiya ceased to be Additional Director.
Ceased
Laljibhai Vora ceased to be Company Secretary.
Ceased
Ajit Champaklal Mehta ceased to be Director.
Ceased
Malav Mehta Ajitbhai ceased to be Director.
Ceased
Vishal Ajitbhai Mehta ceased to be Director.

11 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Satelliteweave Ventures Limited

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MSME Payment Delays by Satelliteweave Ventures Limited

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Subsidiaries & Group Companies of Satelliteweave Ventures Limited

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GST Compliance of Satelliteweave Ventures Limited

Satelliteweave Ventures has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
24AAACI7721B1Z4GujaratActive01 Jul 2017
06AAACI7721B1Z2HaryanaActive26 Jan 2019
27AAACI7721B1ZYMaharashtraActive25 Sep 2019
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MCA Filings & Documents of Satelliteweave Ventures Limited

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Frequently Asked Questions about Satelliteweave Ventures Limited

Satelliteweave Ventures 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.

Satelliteweave Ventures is a company under liquidation, formerly operating as a public limited company based in Vadodara, Gujarat, India. The company works in telecom network support, within the telecom industry. It was incorporated on 31 January 2000 and is registered under CIN U32109GJ2000PLC037266. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Satelliteweave Ventures reported revenue of ₹120.06 Cr for FY 2020 (down 15% YoY).

Satelliteweave Ventures has 4 current directors:

Satelliteweave Ventures reported a net loss of ₹57.57 Cr (net margin -47.9%) and EBITDA of -₹52.24 Cr (EBITDA margin -43.5%) for FY 2020, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Satelliteweave Ventures is 31% over three years. In the latest year (FY 2020) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Satelliteweave Ventures is U32109GJ2000PLC037266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Satelliteweave Ventures has no open charges and satisfied charges of ₹30.75 Cr as per latest MCA filings.

Satelliteweave Ventures has 107 court cases on record: 20 filed by the company and 87 filed against it. 28 are pending. Most are in the district courts.

Satelliteweave Ventures was incorporated on 31 January 2000. It is registered with the Registrar of Companies, Ahmedabad.

Satelliteweave Ventures has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in January 2019.

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