
About Siti Networks Limited
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Siti Networks Limited is a public limited company based in Mumbai, Maharashtra, India. 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 cable tv and dth services segment of the media and publishing sector. It was incorporated on 24 March 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L64200MH2006PLC160733. Its GSTIN is 27AAACW6349M1ZR (Maharashtra). The company holds 61 GST registrations, of which 31 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532795 and NSE: SITINET.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹87.21 Cr. It was formerly known as Wire and Wireless (India) Limited. It is led by directors including Suresh Arora (Whole-Time Director) and Amitabh Kumar.
Its last annual general meeting (AGM) was held on 26 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2024-25, the company reported a revenue of ₹356.34 Cr, a decline of 17.7% compared to the previous year. For the same year it recorded a net loss of ₹195.42 Cr (net margin -54.8%) and EBITDA of -₹77.6 Cr (EBITDA margin -21.8%).
The company has about 197 employees on its provident fund (EPFO) records. Its group structure includes 24 subsidiaries.
The company is associated with 2 brands: SITI Networks and SITI Networks. As per MCA filings, the company has open charges of ₹2,214.02 Cr and satisfied charges of ₹1,640.25 Cr on record. Court records list 315 cases involving the company, including 203 filed by the company and 113 filed against it; 54 cases are pending. The company has 127 deals on record (123 market trades, 3 secondary share transfers, 1 qip); the latest was in August 2024.
The last known website on record is sitinetworks.com.
Company details
Name history
Siti Networks has undergone 3 name changes throughout its history. The company was previously known as Siti Networks Limited, Wire And Wireless (India) Limited, and Siti Cable Network Limited. The current legal name is Siti Networks Limited.
| Company Name | Status |
|---|---|
| Siti Networks Limited | Current |
| Wire And Wireless (India) Limited | Previous |
| Siti Cable Network Limited | Previous |
CIN history
Siti Networks has one previous CIN (Corporate Identification Number): U64200MH2006PLC160733. The current CIN is L64200MH2006PLC160733, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64200MH2006PLC160733 | Current |
| U64200MH2006PLC160733 | Previous |
Contact details
Siti Networks Limited's registered office is in Mumbai, Maharashtra. Its website is sitinetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 38 1st Floor A Wing Madhu Industrial Estate P.B. Mar, G Worli, Mumbai, Maharashtra, India – 400013
- IndustryMedia and Publishing, Cable TV & DTH Services
To see the full contact details of Siti Networks 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
Brands
Siti Networks operates two associated brands: SITI Networks and SITI Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fixed-line broadband and digital cable TV services are provided. | sitinetworks.com | |
| SITI Networks is engaged in providing digital cable TV and broadband services in India. | siticable.com |
Business activity
The main business activity of Siti Networks 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 Networks Limited, buy the company report.
Financials of Siti Networks Limited
FY 2024-25 filings availableSiti Networks Limited reported revenue of ₹356.34 Cr (down 17.7% YoY) for FY 2024-25.
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,291 | 1,345 | 1,446 | 1,537 | 1,608 | 1,442 | 1,410 |
| Revenue growth | -4.0% | -7.0% | -5.9% | -4.4% | +11.5% | +2.3% | - |
| EBITDA | 29.11 | 111 | 177 | 213 | 262 | 249 | 292 |
| EBITDA margin | +2.3% | +8.2% | +12.3% | +13.8% | +16.3% | +17.3% | +20.7% |
| Profit before tax | (212) | (314) | (259) | (243) | (224) | (254) | (158) |
| Net profit | (252) | (271) | (238) | (210) | (152) | (201) | (176) |
| Net profit margin | -19.5% | -20.2% | -16.5% | -13.7% | -9.4% | -13.9% | -12.5% |
| EPS (₹) | (2.11) | (3.21) | (2.89) | (2.75) | (2.32) | 0.00 | 0.00 |
| Balance sheet | |||||||
| Total assets | (79.00) | 268 | 643 | 932 | 1,381 | 1,871 | 2,233 |
| Net worth | (959) | (776) | (497) | (245) | (4.79) | 198 | 343 |
| Total debt | 773 | 919 | 983 | 1,018 | 1,179 | 1,454 | 1,448 |
| Cash & bank | 202 | 183 | 92.51 | 115 | 178 | 78.11 | 126 |
| Net working capital | (819) | (594) | (525) | (425) | (254) | (44.90) | (38.34) |
| Cash flow | |||||||
| Cash from operations | 281 | 181 | 184 | 299 | 504 | 437 | 341 |
| Cash from investing | (163) | (64.02) | (182) | (139) | (42.14) | (185) | (387) |
| Cash from financing | (149) | (75.95) | (51.47) | (225) | (358) | (274) | (31.82) |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 296 | 271 | 289 | 279 | 303 | 308 | 283 | 323 |
| Revenue growth (YoY) | -2.1% | -12.2% | +1.9% | -13.5% | -3.1% | - | - | - |
| Other income | 5.60 | 7.04 | 18.15 | 5.47 | 5.51 | 4.26 | 76.49 | 3.73 |
| EBITDA | (2.87) | (1.89) | (8.43) | (14.13) | (0.92) | 6.62 | (56.64) | 12.44 |
| EBITDA margin | -1.0% | -0.7% | -2.9% | -5.1% | -0.3% | +2.1% | -20.0% | +3.9% |
| Depreciation | 21.41 | 24.20 | 26.91 | 31.14 | 32.73 | 34.39 | 25.53 | 63.06 |
| Interest | 24.51 | 24.14 | 24.39 | 24.01 | 24.07 | 23.91 | (5.80) | 24.45 |
| Profit before tax | (43.19) | (43.19) | (41.58) | (63.81) | (52.21) | (47.42) | 0.12 | (71.34) |
| Tax | 0.38 | 0.94 | 2.92 | 3.05 | 1.95 | 0.32 | (9.27) | 1.56 |
| Net profit | (43.57) | (44.13) | (44.50) | (66.86) | (54.16) | (47.74) | 9.39 | (72.90) |
| EPS (₹) | (0.50) | (0.51) | (0.51) | (0.77) | (0.62) | (0.55) | 0.11 | (0.84) |
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 356 | 433 | 531 | 614 | 730 | 819 | 821 |
| Revenue growth | -17.8% | -18.4% | -13.6% | -15.9% | -10.8% | -0.3% | - |
| EBITDA | (77.60) | (26.18) | (23.21) | 34.82 | 86.33 | 137 | (30.74) |
| EBITDA margin | -21.8% | -6.0% | -4.4% | +5.7% | +11.8% | +16.8% | -3.7% |
| Profit before tax | (195) | (151) | (299) | (255) | (226) | (185) | (372) |
| Net profit | (195) | (213) | (264) | (231) | (196) | (160) | (183) |
| Net profit margin | -54.8% | -49.2% | -49.7% | -37.6% | -26.8% | -19.5% | -22.3% |
| EPS (₹) | (2.24) | (1.73) | (3.42) | (2.93) | (2.60) | (2.17) | 0.00 |
| Balance sheet | |||||||
| Total assets | (533) | (338) | (61.73) | 268 | 515 | 803 | 1,232 |
| Net worth | (1,294) | (1,099) | (949) | (650) | (395) | (168) | 22.22 |
| Total debt | 757 | 757 | 883 | 912 | 903 | 962 | 1,201 |
| Cash & bank | 84.21 | 117 | 70.83 | 9.73 | 3.75 | 4.62 | 15.42 |
| Net working capital | (945) | (791) | (647) | (533) | (431) | (323) | (85.31) |
| Cash flow | |||||||
| Cash from operations | (34.82) | 165 | 106 | 57.74 | 177 | 255 | 395 |
| Cash from investing | 51.78 | (37.16) | (45.35) | (46.97) | (67.23) | 38.10 | (86.88) |
| Cash from financing | (0.21) | (123) | (37.97) | (4.79) | (109) | (302) | (328) |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.19 | 79.96 | 81.83 | 81.46 | 92.26 | 101 | 118 | 103 |
| Revenue growth (YoY) | +4.3% | -20.7% | -30.9% | -21.1% | -2.0% | - | - | - |
| Other income | 1.99 | 2.67 | 9.76 | 1.44 | 1.36 | 1.44 | 79.64 | 0.88 |
| Total expenses | 100 | 95.90 | 112 | 103 | 105 | 113 | 107 | 111 |
| EBITDA | (4.12) | (15.94) | (30.55) | (21.80) | (13.21) | (12.04) | 11.90 | (8.15) |
| EBITDA margin | -4.3% | -19.9% | -37.3% | -26.8% | -14.3% | -11.9% | +10.0% | -7.9% |
| Depreciation | 6.77 | 8.52 | 10.45 | 10.39 | 11.33 | 11.44 | 21.15 | 31.66 |
| Interest | 22.22 | 21.98 | 21.78 | 22.23 | 22.21 | 22.00 | 5.07 | 22.02 |
| Profit before tax | (31.12) | (43.77) | (53.02) | (52.98) | (45.39) | (44.04) | 65.32 | (60.95) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 296 | 271 | 289 | 279 | 303 | 308 | 283 | 323 |
| Revenue growth (YoY) | -2.1% | -12.2% | +1.9% | -13.5% | -3.1% | - | - | - |
| Other income | 5.60 | 7.04 | 18.15 | 5.47 | 5.51 | 4.26 | 76.49 | 3.73 |
| EBITDA | (2.87) | (1.89) | (8.43) | (14.13) | (0.92) | 6.62 | (56.64) | 12.44 |
| EBITDA margin | -1.0% | -0.7% | -2.9% | -5.1% | -0.3% | +2.1% | -20.0% | +3.9% |
| Depreciation | 21.41 | 24.20 | 26.91 | 31.14 | 32.73 | 34.39 | 25.53 | 63.06 |
| Interest | 24.51 | 24.14 | 24.39 | 24.01 | 24.07 | 23.91 | (5.80) | 24.45 |
| Profit before tax | (43.19) | (43.19) | (41.58) | (63.81) | (52.21) | (47.42) | 0.12 | (71.34) |
| Tax | 0.38 | 0.94 | 2.92 | 3.05 | 1.95 | 0.32 | (9.27) | 1.56 |
| Net profit | (43.57) | (44.13) | (44.50) | (66.86) | (54.16) | (47.74) | 9.39 | (72.90) |
| EPS (₹) | (0.50) | (0.51) | (0.51) | (0.77) | (0.62) | (0.55) | 0.11 | (0.84) |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,291 | 1,345 | 1,446 | 1,537 | 1,608 | 1,442 | 1,410 |
| Revenue growth | -4.0% | -7.0% | -5.9% | -4.4% | +11.5% | +2.3% | - |
| Other income | 98.27 | 34.68 | 15.02 | 19.45 | 17.74 | 32.24 | 15.97 |
| Total expenses | 1,262 | 1,235 | 1,269 | 1,324 | 1,347 | 1,193 | 1,119 |
| Employee cost | 63.39 | 67.23 | 69.70 | 69.64 | 75.11 | 81.32 | 90.49 |
| EBITDA | 29.11 | 111 | 177 | 213 | 262 | 249 | 292 |
| EBITDA margin | +2.3% | +8.2% | +12.3% | +13.8% | +16.3% | +17.3% | +20.7% |
| Depreciation | 258 | 344 | 331 | 349 | 346 | 365 | 326 |
| Interest | 81.62 | 115 | 120 | 126 | 158 | 171 | 140 |
| Profit before tax | (212) | (314) | (259) | (243) | (224) | (254) | (158) |
| Tax | (6.78) | 1.12 | 1.98 | (1.88) | (9.77) | 10.04 | 11.78 |
| Net profit | (252) | (271) | (238) | (210) | (152) | (201) | (176) |
| Net profit margin | -19.5% | -20.2% | -16.5% | -13.7% | -9.4% | -13.9% | -12.5% |
| EPS (₹) | (2.11) | (3.21) | (2.89) | (2.75) | (2.32) | 0.00 | 0.00 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 |
| Reserves & surplus | (1,047) | (863) | (584) | (332) | (92.06) | 111 | 256 |
| Shareholders' funds (net worth) | (959) | (776) | (497) | (245) | (4.79) | 198 | 343 |
| Minority interest | 26.27 | 47.26 | 82.45 | 91.12 | 92.79 | 105 | 116 |
| Secured loans | 767 | 897 | 957 | 995 | 1,029 | 879 | 725 |
| Unsecured loans | 6.10 | 22.29 | 26.42 | 22.84 | 151 | 575 | 723 |
| Total debt | 773 | 919 | 983 | 1,018 | 1,179 | 1,454 | 1,448 |
| Total liabilities | (79.00) | 268 | 643 | 932 | 1,381 | 1,871 | 2,233 |
| Assets | |||||||
| Gross block | 3,161 | 3,360 | 3,326 | 3,324 | 3,274 | 3,218 | 3,257 |
| Net block | 513 | 732 | 1,007 | 1,236 | 1,508 | 1,762 | 2,031 |
| Capital work in progress | 68.92 | 60.87 | 86.50 | 55.20 | 59.12 | 99.45 | 153 |
| Investments | 80.22 | 2.24 | 14.12 | 11.46 | 20.11 | 14.86 | 4.72 |
| Inventories | 1.83 | 1.96 | 2.20 | 2.08 | 1.35 | 1.80 | 14.53 |
| Sundry debtors | 265 | 252 | 255 | 233 | 300 | 396 | 369 |
| Cash & bank balances | 202 | 183 | 92.51 | 115 | 178 | 78.11 | 126 |
| Loans & advances | 116 | 112 | 136 | 151 | 261 | 402 | 297 |
| Total current assets | 585 | 548 | 486 | 501 | 740 | 878 | 807 |
| Total current liabilities | 1,405 | 1,142 | 1,011 | 927 | 994 | 923 | 845 |
| Net working capital | (819) | (594) | (525) | (425) | (254) | (44.90) | (38.34) |
| Total assets | (79.00) | 268 | 643 | 932 | 1,381 | 1,871 | 2,233 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 103 | 61.65 | 111 | 176 | 71.57 | 93.53 | 171 |
| Net cash from operating activities | 281 | 181 | 184 | 299 | 504 | 437 | 341 |
| Net cash from investing activities | (163) | (64.02) | (182) | (139) | (42.14) | (185) | (387) |
| Net cash from financing activities | (149) | (75.95) | (51.47) | (225) | (358) | (274) | (31.82) |
| Net change in cash | (31.31) | 41.18 | (49.75) | (64.36) | 104 | (21.96) | (77.13) |
| Closing cash | 202 | 183 | 92.51 | 115 | 178 | 78.11 | 126 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.0% | -7.0% | -5.9% | -4.4% | +11.5% | +2.3% | - |
| EBITDA growth | -73.7% | -37.4% | -16.7% | -18.8% | +5.0% | -14.6% | - |
| PBT growth | +32.6% | -21.4% | -6.5% | -8.7% | +11.9% | -60.8% | +1.1% |
| Net income growth | +7.1% | -13.9% | -13.3% | -38.5% | +24.4% | -13.9% | - |
| Revenue CAGR (3Y) | -5.6% | -5.8% | +0.1% | +2.9% | +10.4% | +8.0% | +15.9% |
| EBITDA CAGR (3Y) | -48.5% | -24.9% | -10.8% | -10.0% | +12.8% | +0.4% | +28.5% |
| Profitability & leverage | |||||||
| Net income margin | -15.9% | -23.5% | -18.1% | -15.7% | -13.3% | -18.3% | -12.1% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 13.63 | 5.36 | 3.20 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 6.03 | 2.48 | 1.86 |
| Interest cover | -35.72 | -49.44 | -78.37 | -92.55 | -187.84 | -147.46 | -403.91 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.40 | 0.40 | 0.43 | 0.47 | 0.50 | 0.45 | 0.48 |
| Inventory turnover | 681.31 | 646.80 | 675.63 | 896.16 | 1,021.18 | 176.62 | 118.42 |
| Debtors turnover | 5.00 | 5.31 | 5.92 | 5.77 | 4.62 | 3.77 | 3.85 |
| EPS (₹) | (2.11) | (3.21) | (2.89) | (2.75) | (2.32) | 0.00 | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (10.99) | (8.89) | (5.69) | (2.80) | (0.05) | 2.27 | 3.93 |
| Particulars | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96.19 | 79.96 | 81.83 | 81.46 | 92.26 | 101 | 118 | 103 |
| Revenue growth (YoY) | +4.3% | -20.7% | -30.9% | -21.1% | -2.0% | - | - | - |
| Other income | 1.99 | 2.67 | 9.76 | 1.44 | 1.36 | 1.44 | 79.64 | 0.88 |
| Total expenses | 100 | 95.90 | 112 | 103 | 105 | 113 | 107 | 111 |
| EBITDA | (4.12) | (15.94) | (30.55) | (21.80) | (13.21) | (12.04) | 11.90 | (8.15) |
| EBITDA margin | -4.3% | -19.9% | -37.3% | -26.8% | -14.3% | -11.9% | +10.0% | -7.9% |
| Depreciation | 6.77 | 8.52 | 10.45 | 10.39 | 11.33 | 11.44 | 21.15 | 31.66 |
| Interest | 22.22 | 21.98 | 21.78 | 22.23 | 22.21 | 22.00 | 5.07 | 22.02 |
| Profit before tax | (31.12) | (43.77) | (53.02) | (52.98) | (45.39) | (44.04) | 65.32 | (60.95) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Revenue | 356 | 433 | 531 | 614 | 730 | 819 | 821 |
| Revenue growth | -17.8% | -18.4% | -13.6% | -15.9% | -10.8% | -0.3% | - |
| Other income | 14.00 | 76.72 | 19.66 | 3.42 | 2.88 | 6.52 | 21.36 |
| Total expenses | 434 | 459 | 554 | 580 | 644 | 682 | 852 |
| Employee cost | 20.00 | 22.77 | 26.08 | 34.21 | 38.53 | 44.72 | 53.88 |
| EBITDA | (77.60) | (26.18) | (23.21) | 34.82 | 86.33 | 137 | (30.74) |
| EBITDA margin | -21.8% | -6.0% | -4.4% | +5.7% | +11.8% | +16.8% | -3.7% |
| Depreciation | 43.61 | 127 | 189 | 185 | 205 | 196 | 209 |
| Interest | 88.21 | 74.23 | 106 | 109 | 110 | 132 | 154 |
| Profit before tax | (195) | (151) | (299) | (255) | (226) | (185) | (372) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.78 | 0.00 |
| Net profit | (195) | (213) | (264) | (231) | (196) | (160) | (183) |
| Net profit margin | -54.8% | -49.2% | -49.7% | -37.6% | -26.8% | -19.5% | -22.3% |
| EPS (₹) | (2.24) | (1.73) | (3.42) | (2.93) | (2.60) | (2.17) | 0.00 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 | 87.27 |
| Reserves & surplus | (1,382) | (1,186) | (1,036) | (737) | (482) | (255) | (65.05) |
| Shareholders' funds (net worth) | (1,294) | (1,099) | (949) | (650) | (395) | (168) | 22.22 |
| Secured loans | 655 | 655 | 758 | 786 | 777 | 832 | 685 |
| Unsecured loans | 102 | 102 | 126 | 126 | 126 | 129 | 516 |
| Total debt | 757 | 757 | 883 | 912 | 903 | 962 | 1,201 |
| Total liabilities | (533) | (338) | (61.73) | 268 | 515 | 803 | 1,232 |
| Assets | |||||||
| Gross block | 1,619 | 1,615 | 1,821 | 1,816 | 1,796 | 1,758 | 1,722 |
| Net block | 71.85 | 111 | 231 | 398 | 554 | 713 | 850 |
| Capital work in progress | 20.26 | 20.09 | 22.34 | 26.95 | 15.69 | 28.84 | 44.34 |
| Investments | 308 | 308 | 316 | 350 | 352 | 352 | 352 |
| Inventories | 1.86 | 0.92 | 0.67 | 0.64 | 0.58 | 0.46 | 0.71 |
| Sundry debtors | 145 | 152 | 130 | 202 | 195 | 207 | 290 |
| Cash & bank balances | 84.21 | 117 | 70.83 | 9.73 | 3.75 | 4.62 | 15.42 |
| Loans & advances | 47.05 | 39.06 | 38.63 | 60.01 | 74.85 | 179 | 275 |
| Total current assets | 278 | 309 | 240 | 273 | 275 | 392 | 582 |
| Total current liabilities | 1,223 | 1,100 | 887 | 806 | 705 | 715 | 667 |
| Net working capital | (945) | (791) | (647) | (533) | (431) | (323) | (85.31) |
| Total assets | (533) | (338) | (61.73) | 268 | 515 | 803 | 1,232 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.10 | 32.85 | 9.73 | 3.75 | 2.53 | 11.42 | 31.12 |
| Net cash from operating activities | (34.82) | 165 | 106 | 57.74 | 177 | 255 | 395 |
| Net cash from investing activities | 51.78 | (37.16) | (45.35) | (46.97) | (67.23) | 38.10 | (86.88) |
| Net cash from financing activities | (0.21) | (123) | (37.97) | (4.79) | (109) | (302) | (328) |
| Net change in cash | 16.76 | 4.25 | 23.11 | 5.99 | 1.22 | (8.89) | (19.70) |
| Closing cash | 84.21 | 117 | 70.83 | 9.73 | 3.75 | 4.62 | 15.42 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -17.8% | -18.4% | -13.6% | -15.9% | -10.8% | -0.3% | - |
| EBITDA growth | -196.4% | -12.8% | -166.7% | -59.7% | -37.1% | +546.4% | - |
| PBT growth | -29.8% | +49.6% | -17.1% | -12.7% | -22.7% | +50.4% | -81.2% |
| Net income growth | +8.3% | +19.3% | -14.2% | -17.9% | -22.7% | +12.7% | - |
| Revenue CAGR (3Y) | -16.6% | -16.0% | -13.4% | -9.2% | -4.5% | +1.9% | -1.4% |
| EBITDA CAGR (3Y) | - | - | - | - | -2.8% | +36.0% | - |
| Profitability & leverage | |||||||
| Net income margin | -54.8% | -34.8% | -56.3% | -41.6% | -31.0% | -23.1% | -45.4% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.23 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.02 |
| Interest cover | -72.77 | -48.50 | -50.08 | -72.30 | -92.64 | -222.33 | -64.04 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.22 | 0.25 | 0.29 | 0.34 | 0.41 | 0.47 | 0.47 |
| Inventory turnover | 256.36 | 544.93 | 810.92 | 1,007.26 | 1,404.77 | 1,399.90 | 750.03 |
| Debtors turnover | 2.40 | 3.08 | 3.20 | 3.09 | 3.63 | 3.29 | 2.03 |
| EPS (₹) | (2.24) | (1.73) | (3.42) | (2.93) | (2.60) | (2.17) | 0.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (14.83) | (12.59) | (10.87) | (7.45) | (4.52) | (1.92) | 0.25 |
To see the full year-wise statements and ratios of Siti Networks Limited, buy the company report.
Board of directors and KMP of Siti Networks Limited
Siti Networks Limited currently reports 4 directors and 2 key managerial personnel. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar | Company Secretary | 28 Sep 2010 | 16 Years 0 Months | As last reported |
| Suresh Arora | Whole-Time Director | 29 Mar 2019 | 7 Years 6 Months | As last reported |
| Amitabh Kumar Also directs: Zee Media Corporation Limited | Director | 30 Dec 2019 | 6 Years 9 Months | As last reported |
| Kavita Anand Kapahi Also directs: Indian Cable Net Company Limited | Director | 31 Mar 2015 | 11 Years 6 Months | As last reported |
| Shilpi Asthana Also directs: Siti Siri Digital Network Private Limited, Indian Cable Net Company Limited, Reelrush Studios LLP and 4 more | Director | 27 Dec 2021 | 4 Years 9 Months | As last reported |
| Yogesh Sharma Also directs: Siti Networks India LLP, Indian Cable Net Company Limited | Ceo | 01 Jan 2022 | 4 Years 9 Months | As last reported |
Auditor
Siti Networks Limited is audited by DNS & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DNS & Associates | FY 2022 | 006956C |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 6.10%, foreign institutional investors hold 2.00%, domestic institutional investors hold 2.50% and retail and other public shareholders hold 89.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 6.10% | 6.10% | 6.10% | 6.10% |
| Public | 93.90% | 93.90% | 93.90% | 93.90% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2020 | 100330839 | Others | ₹5 Cr | Open | |
| 26 Feb 2020 | 100330837 | Others | ₹5 Cr | Open | |
| 24 Sep 2019 | 100290451 | Others | ₹1.9 Cr | Open | |
| 30 Mar 2019 | 100253899 | Axis Bank Limited | ₹175 Cr | Open | |
| 24 Aug 2018 | 100202413 | Others | ₹400 Cr | Open |
To see the full charge records of Siti Networks Limited, buy the company report.
Total charge records: 37 View all charges
Deals & funding
Siti Networks Limited has 127 deals on record (123 market trades, 3 secondary share transfers, 1 qip); the latest was in August 2024.
Deals on record (5 of 127)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹43.5 Lakh | Buyer: Multiplier Share and Stock Advisors Private Limited Seller: Multiplier Share and Stock Advisors Private Limited |
| May 2023 | Secondary share transfer | Undisclosed | Seller: Housing Development Finance Corporation Limited |
| Dec 2022 | Secondary share transfer | Undisclosed | Seller: Housing Development Finance Corporation Limited |
| Dec 2022 | Market trade | ₹2.84 Cr | Buyer: Achintya Commodities Private Limited Seller: Achintya Commodities Private Limited |
| Dec 2022 | Market trade | ₹4.24 Cr | Buyer: Achintya Commodities Private Limited , Agro Trade Solutions Seller: Achintya Commodities Private Limited , Agro Trade Solutions |
To see the full deal history of Siti Networks Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Siti Networks Limited has 315 court cases on record: 203 filed by Siti Networks, 113 filed against it. 54 cases are pending and 261 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 144 | 64 | 18 |
| District courts | 133 | 22 | 34 |
| NCLAT | 19 | 13 | 0 |
| Supreme Court | 17 | 13 | 2 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 315)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against Benchmark News Lab LLP and Others | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Powersmart Media OPC Private Limited and 1 other | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Axis Bank Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Aditya Birla Finance Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Asset Reconstruction Company ;India; Limited and 7 others | Disposed |
To see the full case history of Siti Networks 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.
Credit ratings & regulatory alerts
Siti Networks Limited was last rated by Care on 18 Jun 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 18 Jun 2026 |
To see the full credit ratings and regulatory alerts of Siti Networks Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Siti Networks Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Siti Networks has 24 subsidiary companies and 2 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Siti Broadband Services Private Limited | U64100DL2014PTC267911 | |
| Siti Jai Maa Durgee Communications Private Limited | U64200DL2011PTC224429 | |
| Siti Faction Digital Private Limited | U64200DL2012PTC244184 | |
| Siti Global Private Limited | U64200DL2014PTC264632 | |
| Siti Prime Uttaranchal Communication Private Limited | U64200DL2014PTC269035 | |
| Siti Karnal Digital Media Network Private Limited | U64200DL2014PTC269230 |
To see the full group structure of Siti Networks Limited, buy the company report.
Employees & EPFO
Siti Networks Limited has a workforce of 197 employees on its EPFO records as of Oct 23, 2024, across 1 active EPFO establishment.
GST
Siti Networks has 61 GST registrations: 31 active and 30 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW6349M1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW6349M1C2 | Maharashtra | Active | 03 Jul 2019 |
| 04AAACW6349M1ZZ | Chandigarh | Active | 01 Jul 2017 |
| 05AAACW6349M1ZX | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siti Networks Limited, buy the company report.
Recent activity
Siti Networks Limited has 64 board changes on record since 2006: 35 appointments and 29 cessations. The latest: Vikram Singh Panwar ceased to be CFO on 15 Sep 2023.
128 earlier events are in the company report.
News
Frequently asked questions
Siti Networks 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 Networks is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in cable tv and dth services, within the media and publishing industry. It was incorporated on 24 March 2006 and is registered under CIN L64200MH2006PLC160733. Listed on BSE: 532795 and NSE: SITINET. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Siti Networks reported revenue of ₹356.34 Cr for FY 2024-25 (down 17.7% YoY) based on standalone financials.
Siti Networks has 6 current directors and KMP:
- Suresh Arora - Whole-Time Director
- Amitabh Kumar - Director
- Kavita Anand Kapahi - Director
- Shilpi Asthana - Director
- Suresh Kumar - Company Secretary
- Yogesh Sharma - Ceo
The latest financial statements of Siti Networks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 December 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Siti Networks is L64200MH2006PLC160733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Siti Networks is a listed company as per MCA records. Its shares are listed on both BSE (code: 532795) and NSE (symbol: SITINET).
Siti Networks has open charges of ₹2,214.02 Cr and satisfied charges of ₹1,640.25 Cr as per latest MCA filings.
Siti Networks has 315 court cases on record: 203 filed by the company and 113 filed against it. 54 are pending. Most are in the high courts.
Siti Networks was incorporated on 24 March 2006. It is registered with the Registrar of Companies, Mumbai.