About Siti Broadband Services Private Limited
Data last updated:
Siti Broadband Services Private Limited is a private limited company based in Delhi, India, a subsidiary of Siti Networks Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 09 June 2014.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64100DL2014PTC267911. Its GSTIN is 07AAUCS6061L1ZM (Delhi). The company holds 12 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Harvinder Singh (Irp/Rp/Liquidator) and Anjan Jain.
Its last annual general meeting (AGM) was held on 15 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Office No – 203 2nd Floor J Block Prakash Tower Lsc Ashok Vihar Phase – 1, India, Delhi, India – 110052.
As per the financials filed for FY 2023, the company reported a revenue of ₹42.39 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net loss of ₹21.89 Cr (net margin -51.6%) and EBITDA of -₹10.6 Cr (EBITDA margin -25%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 10% over five years.
The company has about 25 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 548 cases involving the company, including 2 filed by the company and 546 filed against it; 80 cases are pending.
The last known website on record is sitinetworks.com.
Company details
Contact details
Siti Broadband Services Private Limited's registered office is in Delhi, Delhi. Its website is sitinetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No – 203 2nd Floor J Block Prakash Tower Lsc Ashok Vihar Phase – 1, India, Delhi, India – 110052
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Siti Broadband Services 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 Siti Broadband Services is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Siti Broadband Services Private Limited, buy the company report.
Financials of Siti Broadband Services Private Limited
FY 2023 filings availableSiti Broadband Services Private Limited reported revenue of ₹42.39 Cr (up 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 53% growth in the latest year. EBITDA fell 119% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹42.39 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹10.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.89 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25% | ||||
| Net Profit Margin | -51.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Siti Broadband Services Private Limited, buy the company report.
Board of directors of Siti Broadband Services Private Limited
Siti Broadband Services has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harvinder Singh | Irp/Rp/Liquidator | 10 May 2024 | 2 Years 5 Months | As last reported |
| Anjan Jain Also directs: Rankay Investment and Trading Company Limited | Director | 17 Jun 2022 | 4 Years 4 Months | As last reported |
| Ratnakar Sharma | Director | 27 Jan 2023 | 3 Years 9 Months | As last reported |
Peer comparison
Siti Broadband Services Private Limited is compared with the 4 companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infonet Comm Enterprises Private Limited | ₹49.87 Cr (FY 2024) | 54.0% | Chennai, Tamil Nadu, India | |||
| Rict India Private Limited | ₹47.89 Cr (FY 2025) | 24.0% | Bangalore, Karnataka, India | |||
| Den Broadband Limited | ₹47.52 Cr (FY 2025) | 25.0% | Delhi, India | |||
| World Phone Internet Services Private Limited | ₹44.29 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Siti Broadband Services Private Limitedthis company | ₹42.39 Cr (FY 2023) | -₹21.89 Cr | -51.6% | 53.0% | 25 | Delhi, India |
To see the full peer comparison of Siti Broadband Services Private Limited, buy the company report.
Auditor
Siti Broadband Services Private Limited is audited by Subhash C. Gupta and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subhash C. Gupta and Co. | FY 2023 | 004103N |
Shareholding
The shareholding of Siti Broadband Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Siti Broadband Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2020 | 100330830 | Others | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Siti Broadband Services Private Limited has 548 court cases on record: 2 filed by Siti Broadband Services, 546 filed against it. 80 cases are pending and 468 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 544 | 542 | 79 |
| District courts | 3 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 548)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Original application | Filed against the company by KVN Productions LLP | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed against the company by Applause Entertainment Private Limited | Pending |
| Madras High Court | Original application | Filed against the company by Vriddhi Cinemas LLP | Pending |
| Madras High Court | Original application | Filed against the company by Maddock Films Private Limited | Pending |
| Madras High Court | Appeal | Filed against the company by M/S Sun TV Network Ltd | Pending |
To see the full case history of Siti Broadband Services 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 Siti Broadband Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Siti Broadband Services has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| E-Net Entertainment Private Limited | U92132AP2004PTC043026 |
To see the full group structure of Siti Broadband Services Private Limited, buy the company report.
Employees & EPFO
Siti Broadband Services Private Limited has a workforce of 25 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Siti Broadband Services has 12 GST registrations: 12 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAUCS6061L1ZM | Delhi | Active | 01 Jul 2017 |
| 06AAUCS6061L1ZO | Haryana | Active | 15 Aug 2017 |
| 27AAUCS6061L1ZK | Maharashtra | Active | 15 Sep 2017 |
| 09AAUCS6061L1ZI | Uttar Pradesh | Active | 17 Sep 2017 |
To see the full GST registrations and return filing status of Siti Broadband Services Private Limited, buy the company report.
Recent activity
Siti Broadband Services Private Limited has 20 board changes on record since 2016: 3 appointments and 17 cessations. The latest: Harvinder Singh was appointed as Irp/Rp/Liquidator on 10 May 2024.
12 earlier events are in the company report.
News
Frequently asked questions
Siti Broadband Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Siti Broadband Services is a company under insolvency, formerly operating as a private limited company based in Delhi, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 09 June 2014 and is registered under CIN U64100DL2014PTC267911. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Siti Broadband Services has 3 current directors:
- Anjan Jain - Director
- Ratnakar Sharma - Director
- Harvinder Singh - Irp/Rp/Liquidator
The latest financial statements of Siti Broadband Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Siti Broadband Services is U64100DL2014PTC267911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siti Broadband Services has open charges of ₹5 Cr and no satisfied charges on record as per latest MCA filings.
Siti Broadband Services has 548 court cases on record: 2 filed by the company and 546 filed against it. 80 are pending. Most are in the high courts.
Siti Broadband Services was incorporated on 09 June 2014. It is registered with the Registrar of Companies, Delhi.
The peers of Siti Broadband Services by revenue are Infonet Comm Enterprises Private Limited, Rict India Private Limited, Den Broadband Limited, World Phone Internet Services Private Limited, all in the Telecom industry (Landline ISP and Broadband), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Harvinder Singh was appointed as Irp/Rp/Liquidator on 10 May 2024. Ratnakar Sharma ceased to be Additional Director on 14 Sep 2023. Ajay Kumar ceased to be Additional Director on 01 Sep 2023. Siti Broadband Services has 20 board changes on record in total.
Siti Broadband Services can be reached through the website sitinetworks.com. Its registered office is in Delhi, India.