About
Basic Data Updated:
29 days agoSterlite Networks Limited, now known as Speedon Network Limited, has been recognized as a leading infrastructure provider in the telecommunications industry. The company's credit rating report highlights its establishment of a robust optical fiber infrastructure, complete with last mile connectivity. This infrastructure serves as a crucial link for internet and other multimedia services such as VAS, IPTV, and Voice. Through its Fiber-to-the-Home (FTTH) communication network, Speedon Network Limited offers a neutral platform for service providers to operate on. This means that multiple service providers can lease out the network, making it a highly sought-after option in the market. The company has successfully rolled out this infrastructure in 27 clusters, covering major cities such as Ahmedabad, Bangalore, Chandigarh, Chennai, Hyderabad, Indore, Kolkata, Mumbai, NCR, Pune, and Surat. With its extensive reach, Speedon Network Limited has connected a staggering 167,300 homes to its network. This impressive feat has solidified the company's position as a key player in the telecommunications industry. As a subsidiary of Sterlite Technologies Limited (STL), Speedon Network Limited continues to strive towards providing top-notch infrastructure and services to its customers.
Industry
Company Details
- Location
Valsad, Gujarat, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U32202DN2011PLC000373 |
| Company No. | 000373 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 11 Jul 2011 |
| Date of AGM | 29 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Ahmedabad |
Financials of Speedon Network Limited
Speedon Network Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 14.92% decrease. The company also saw a substantial fall in profitability, with a 37.65% decrease in profit. The company's net worth observed a substantial decline by a decrease of 246.35%.
Corporate Structure
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People in Speedon Network Limited
Unlock and access historical data on people associated with Speedon Network, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (1)
AM
Alok Mahapatra
CEOAppointment Date: 06-Mar-2017
Status: Current
Board Members(3)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Trustee Services Limited Creation Date: 16 Jan 2014 | ₹175.00 Cr | Satisfied |
Deals i
Gain comprehensive insights into the Deals and Valuation data of Speedon Network, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Speedon Network's trajectory.
Rating
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Alert
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Related Corporates (Common Directorship)
5 years 11 months 
Recent activity within the organization
Annual General Meeting
Speedon Network Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
29 Sep 2023Director Appointment
Gopal Chandra Rastogi was appointed as a Director was appointed as a Director on 31 Aug 2023 & has been associated with this company since 8 months 18 days .
31 Aug 2023Balance Sheet
Speedon Network Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
31 Mar 2023Director Appointment
Praveen Cherian was appointed as a Director was appointed as a Director on 01 Aug 2022 & has been associated with this company since 1 year 9 months .
01 Aug 2022Director Appointment
Alok Ranjan Mahapatra was appointed as a Director was appointed as a Director on 28 Apr 2020 & has been associated with this company since 4 years 20 days .
28 Apr 2020
Recent News, Updates & Announcement
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Vertikal Press 11 Jan 2024
- STLs rated a top ESG performer by MSCI made significant advances in EcoVadis Sustainability Index.
PRNewswire STL NSE STLTECH a leading optical and digital solutions company today announced that it has significantly improved ESG metrics being.
PR Newswire 15 Aug 2023
- Technology data science and talent leadership joins Sterlite Tech to drive the future of data networks.
Enterpriseitworld 15 Apr 2019
- Sterlite Tech to Showcase its Endtoend Telecom Solution Offerings at MWC Barcelona.
PRNewswire Sterlite Tech BSE 532374 NSE STRTECH a global technology leader in smarter digital infrastructure will be showcasing its endtoend.
PR Newswire 27 Feb 2017
- Supreme Court Halts Tax Evasion Scheme Through Company Merger Income Tax Department Gets Involved.
When you thought you were getting away with a tax evasion scheme by merging two companies but then the Supreme Court said not so fast Now the case is finally being heard after years of delay and the income tax department is also involved Looks like someones profits got lost in the merger.
mint 10 Aug 2016
Frequently asked questions
What is the Incorporation or founding date of Speedon Network Limited?
