About Square Network Solutions Private Limited
Data last updated:
Square Network Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2006PTC059046. Its GSTIN is 33AAJCS8649H1ZX (Tamil Nadu). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹57 Lakh. It is led by directors Balaji Ashwin and Parthasarathy Sasikala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.67 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹41.66 Lakh (net margin 0.6%) and EBITDA of ₹1.5 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 23% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Square Network. As per MCA filings, the company has open charges of ₹5.66 Cr and satisfied charges of ₹2.62 Cr on record. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹47 Lakh; the latest was in March 2022. Its 10 peer companies in the Information Technology industry (IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Acs Technologies Limited with revenue of ₹67.15 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website squarenet.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.25 New No 49, Royapettah High Road Royapettah, Chennai, Tamil Nadu, India – 600014
- IndustryInformation Technology, IT Consulting & Support 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 Square Network Solutions Private Limited
The main business activity of Square Network Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 Square Network Solutions Private Limited FY 2024 filings available
Square Network Solutions Private Limited reported revenue of ₹66.67 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Square Network Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 10% growth in the latest year. EBITDA rose 92% 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 Square Network Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹41.66 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 Square Network Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Square Network Solutions 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 Square Network Solutions Private Limited
Square Network Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Acs Technologies Limited | ₹67.15 Cr (FY 2022) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Metlife Services East Private Limited | ₹67.02 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | New Delhi, Delhi, India |
| Mascom Electronics Private Limited | ₹66.87 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Systems Advisers Software Services Private Limited | ₹66.78 Cr (FY 2020) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Wiptech Peripherals Private Limited | ₹66.69 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Rajkot, Gujarat, India |
| Square Network Solutions Private Limited this company | ₹66.67 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Zagg Network Private Limited | ₹66.63 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Hyderabad, Telangana, India |
| Biogen Capability Center India Private Limited | ₹66.34 Cr (FY 2025) | •••• | •••• | 220.0% | •••• | Bangalore, Karnataka, India |
| Asm Digital Engineering Private Limited | ₹66.28 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Hni GBSC India Private Limited | ₹66.04 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Pune, Maharashtra, India |
| Avacend Solutions Private Limited | ₹65.94 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Square Network Solutions by revenue in the Information Technology industry (IT Consulting and Services), 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 Square Network Solutions Private Limited
Square Network Solutions Private Limited is audited by K GOPAL RAO & CO CHARTERED ACCOUNTANTS for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K GOPAL RAO & CO CHARTERED ACCOUNTANTS | 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 Square Network Solutions Private Limited
Square Network Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaji Ashwin | Director | 10 Feb 2014 | 12 Years 8 Months | Current |
| Parthasarathy Sasikala | Director | 14 Oct 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Square Network Solutions 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 Square Network Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2024 | Others | ₹3 Cr | Open |
| 11 Jan 2022 | Yes Bank Limited | ₹2.66 Cr | Open |
| 06 Feb 2018 | Hdfc Bank Limited | ₹1.77 Cr | Satisfied |
| 29 Nov 2011 | Yes Bank Limited | ₹85 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Square Network Solutions Private Limited
Square Network Solutions Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹47 Lakh; the latest was in March 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: N Balaji HUF |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 8 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 Square Network Solutions Private Limited
Square Network Solutions operates one associated brand: Square Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Square Network provides comprehensive cybersecurity, networking, and managed IT services. | squarenet.in |
Employees and EPFO Compliance at Square Network Solutions Private Limited
Square Network Solutions Private Limited has a workforce of 15 employees as of Apr 05, 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 Square Network Solutions Private Limited
Square Network Solutions Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Nagapusanam Balaji ceased to be Whole-Time Director on 21 Oct 2015.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Square Network Solutions 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 Square Network Solutions 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 Square Network Solutions 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 Square Network Solutions Private Limited
Square Network Solutions has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCS8649H1ZX | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAJCS8649H1ZM | Karnataka | Active | 08 Mar 2019 |
| 37AAJCS8649H3ZN | Andhra Pradesh | Active | 15 Mar 2023 |
| 32AAJCS8649H1ZZ | Kerala | Active | 28 Oct 2023 |
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 Square Network Solutions 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.
Related news about Square Network Solutions Private Limited
Frequently Asked Questions about Square Network Solutions Private Limited
Square Network Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 28 February 2006 (20+ years old) and is registered under CIN U72200TN2006PTC059046.
Square Network Solutions reported revenue of ₹66.67 Cr for FY 2025 (up 10% YoY).
Square Network Solutions has 2 current directors:
- Balaji Ashwin - Director
- Parthasarathy Sasikala - Director
Square Network Solutions reported a net profit of ₹41.66 Lakh (net margin 0.6%) and EBITDA of ₹1.5 Cr (EBITDA margin 2.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Square Network Solutions is -2% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Square Network Solutions is 33AAJCS8649H1ZX, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAJCS8649H1ZM (Karnataka), 37AAJCS8649H3ZN (Andhra Pradesh), 32AAJCS8649H1ZZ (Kerala).
The CIN (Corporate Identification Number) of Square Network Solutions is U72200TN2006PTC059046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Square Network Solutions was incorporated on 28 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
Square Network Solutions has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹47 Lakh; the latest was in March 2022.
The peers of Square Network Solutions by revenue are Acs Technologies Limited, Metlife Services East Private Limited, Mascom Electronics Private Limited, Systems Advisers Software Services Private Limited, Wiptech Peripherals Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Nagapusanam Balaji ceased to be Whole-Time Director on 21 Oct 2015. Parthasarathy Sasikala was appointed as Director on 14 Oct 2015. Ramkumar Sugumar ceased to be Director on 06 Jan 2015. Square Network Solutions has 5 board changes on record in total.