About Smartnet Networks Private Limited
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Smartnet Networks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 13 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2012PTC238750. Its GSTIN is 27AASCS3957P1Z7 (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhavesh Maganlal Mehta and Jigna Mehta Bhavesh.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 311 – 313 Reena Complex Vidya Vihar West, Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.31 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹10.6 Lakh (net margin 3.2%) and EBITDA of ₹18.83 Lakh (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 8% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smartnetnetworks.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address311 – 313 Reena Complex Vidya Vihar West, Mumbai, Maharashtra, India – 400086
- IndustryInformation Technology, IT Products Retail & Distribution
- 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 Smartnet Networks Private Limited
The main business activity of Smartnet Networks is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Smartnet Networks Private Limited FY 2024 filings available
Smartnet Networks Private Limited reported revenue of ₹3.31 Cr (down 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Smartnet Networks Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 36% fall in the latest year. EBITDA rose 347% 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 Smartnet Networks Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹18.83 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.6 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 of Smartnet Networks Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Smartnet Networks 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 Smartnet Networks Private Limited
Smartnet Networks Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SPS Tech Aid Private Limited | ₹3.33 Cr (FY 2016) | •••• | •••• | •••• | Delhi, India | |
| Saudewala Electro Private Limited | ₹3.32 Cr (FY 2024) | •••• | •••• | 113.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Panacea Digital Systems Private Limited | ₹3.32 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Saglus Info Private Limited | ₹3.31 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Kota, Rajasthan, India |
| Cloudseals Private Limited | ₹3.31 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Hyderabad, Telangana, India |
| Smartnet Networks Private Limited this company | ₹3.31 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | Mumbai, Maharashtra, India |
| Appalan Systems Private Limited | ₹3.31 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Panchkula, Haryana, India |
| Symtron Services Private Limited | ₹3.31 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Pune, Maharashtra, India |
| Tech Contact India Private Limited | ₹3.3 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Bhubaneswar, Odisha, India |
| Rohan Peripherals Private Limited | ₹3.3 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Secunderabad, Telangana, India |
| Quantum Aegis Private Limited | ₹3.3 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Smartnet Networks by revenue in the Information Technology industry (IT Products Retail and Distribution), 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 Smartnet Networks Private Limited
Smartnet Networks Private Limited is audited by M D SANGHVI ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M D SANGHVI ASSOCIATES | 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 Smartnet Networks Private Limited
Smartnet Networks has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavesh Maganlal Mehta Also directs: Smartnet Technology Private Limited | Director | 13 Dec 2012 | 13 Years 9 Months | Current |
| Jigna Mehta Bhavesh Also directs: Smartnet Technology Private Limited | Director | 13 Dec 2012 | 13 Years 9 Months | Current |
Ownership and Shareholding of Smartnet Networks 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 Smartnet Networks Private Limited
Smartnet Networks Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Smartnet Networks Private Limited
Smartnet Networks Private Limited has a workforce of 5 employees as of Apr 06, 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 Smartnet Networks Private Limited
Smartnet Networks Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Bhavesh Maganlal Mehta was appointed as Director on 13 Dec 2012.
Credit Ratings, Litigation & Regulatory Alerts for Smartnet Networks 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 Smartnet Networks 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 Smartnet Networks 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 Smartnet Networks Private Limited
Smartnet Networks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCS3957P1Z7 | Maharashtra | Active | 01 Jul 2017 |
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 Smartnet Networks 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 Smartnet Networks Private Limited
Smartnet Networks is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 13 December 2012 (14+ years old) and is registered under CIN U72300MH2012PTC238750.
Smartnet Networks reported revenue of ₹3.31 Cr for FY 2024 (down 36% YoY).
Smartnet Networks has 2 current directors:
- Bhavesh Maganlal Mehta - Director
- Jigna Mehta Bhavesh - Director
Smartnet Networks reported a net profit of ₹10.6 Lakh (net margin 3.2%) and EBITDA of ₹18.83 Lakh (EBITDA margin 5.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Smartnet Networks is -2% over three years and -8% over five years. In the latest year (FY 2024) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Smartnet Networks is 27AASCS3957P1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Smartnet Networks is U72300MH2012PTC238750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartnet Networks was incorporated on 13 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Smartnet Networks by revenue are SPS Tech Aid Private Limited, Saudewala Electro Private Limited, Panacea Digital Systems Private Limited, Saglus Info Private Limited, Cloudseals Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Bhavesh Maganlal Mehta was appointed as Director on 13 Dec 2012. Jigna Mehta Bhavesh was appointed as Director on 13 Dec 2012.
Smartnet Networks can be reached through the website smartnetnetworks.net. Its registered office is in Mumbai, Maharashtra, India.