About Skyhigh Networks Technologies Private Limited
Data last updated:
Skyhigh Networks Technologies Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Skyhigh Networks Inc. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cloud computing and cloud services segment of the technology and IT services sector. It was incorporated on 15 March 2012.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2012PTC063062. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Raghavendra Prasad Somasamudram and Sanjiv Gupta.
Its last annual general meeting (AGM) was held on 23 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹63.61 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹4.73 Cr (net margin 7.4%) and EBITDA of ₹8.63 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
The company had about 135 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Skyhigh Networks. The company has 2 deals on record (2 secondary share transfers); the latest was in August 2018. Its 10 peer companies in the Information Technology industry (Cloud Computing) are compared by revenue, 5 larger and 5 smaller; the largest is Appirio India Cloud Solutions Private Limited.
The last known website on record is skyhighnetworks.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.53/B Ward 57 1st Main Road Sarakki Industrial Layout Jp Nagar 3rd Phase Bannerghatta R, Oad, Bangalore, Karnataka, India – 560078
- IndustryInformation Technology, Cloud Computing & Cloud Services
- 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
- One PDF report, delivered after checkout
Business Activity of Skyhigh Networks Technologies Private Limited
The main business activity of Skyhigh Networks Technologies is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Skyhigh Networks Technologies Private Limited FY 2019 filings available
Skyhigh Networks Technologies Private Limited reported revenue of ₹63.61 Cr (down 22% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Skyhigh Networks Technologies Private Limited
Revenue fell 22% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA fell 76% 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 of Skyhigh Networks Technologies Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹8.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.73 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Skyhigh Networks Technologies Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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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 Skyhigh Networks Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Cloud Computing). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Appirio India Cloud Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| DCM Infotech Limited | •••• | •••• | •••• | •••• | 231 | Delhi, India |
| Asite Solutions Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Sada Systems India Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Cloudside Technologies Private Limited | •••• | •••• | •••• | •••• | 123 | Bengaluru, Karnataka, India |
| Skyhigh Networks Technologies Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Data Maven Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Digitral Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Decisionfoundry Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Walkover Web Solutions Private Limited | •••• | •••• | •••• | •••• | 63 | Indore, Madhya Pradesh, India |
| Bookit Digital Technologies Private Limited | •••• | •••• | •••• | •••• | 158 | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Skyhigh Networks Technologies by revenue in the Information Technology industry (Cloud Computing), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited is audited by GOKHALE & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOKHALE & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavendra Prasad Somasamudram Also directs: Axiamatic Technologies Private Limited | Director | 15 Mar 2012 | 14 Years 6 Months | As last reported |
| Sanjiv Gupta Also directs: Bevnmore Beverages LLP, Celcorp Developers LLP, Normak Fashions Private Limited and 3 more | Director | 20 Feb 2014 | 12 Years 7 Months | As last reported |
Ownership and Shareholding of Skyhigh Networks Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited has 2 deals on record (2 secondary share transfers); the latest was in August 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Mcafee Software (India) Private Limited , an individual Seller: Rajiv Gupta Sekhar Sarukhai LLC, Skyhigh Networks Inc |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Skyhigh Networks Inc, Gupta-Sarukkai LLC Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies operates one associated brand: Skyhigh Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering cloud security solutions | skyhighnetworks.com |
Employees and EPFO Compliance at Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited has a workforce of 135 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Gopakumar Muzhakkoth Sheppillayar ceased to be Director on 28 Mar 2014.
Credit Ratings, Litigation & Regulatory Alerts for Skyhigh Networks Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Skyhigh Networks Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Skyhigh Networks Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Skyhigh Networks Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Skyhigh Networks Technologies Private Limited
Skyhigh Networks Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Skyhigh Networks Technologies was a private limited company based in Bangalore, Karnataka, India. The company worked in cloud computing and cloud services, within the information technology industry. It was incorporated on 15 March 2012 and is registered under CIN U72200KA2012PTC063062. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Skyhigh Networks Technologies was incorporated on 15 March 2012. It is registered with the Registrar of Companies, Bangalore.
Skyhigh Networks Technologies had 2 directors:
- Raghavendra Prasad Somasamudram - Director
- Sanjiv Gupta - Director
The CIN (Corporate Identification Number) of Skyhigh Networks Technologies is U72200KA2012PTC063062. 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 Skyhigh Networks Technologies is at No.53B Ward 57 1st Main Road Sarakki Industrial Layout Jp Nagar 3rd Phase Bannerghatta R, Oad, Bangalore, Karnataka, India – 560078.
Skyhigh Networks Technologies can be reached through the website skyhighnetworks.com. Its registered office is in Bangalore, Karnataka, India.
Skyhigh Networks Technologies reported revenue of ₹63.61 Cr for FY 2019 (down 22% YoY).
Skyhigh Networks Technologies has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh.
Skyhigh Networks Technologies reported a net profit of ₹4.73 Cr (net margin 7.4%) and EBITDA of ₹8.63 Cr (EBITDA margin 13.6%) for FY 2019, as per its filed financial statements.
No. Skyhigh Networks Technologies has 3 GST registrations on record and all of them are cancelled or inactive.