About Syrotech Networks Private Limited
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Syrotech Networks Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Go Ip Global Services Private Limited. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 04 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2003PTC119765. Its GSTIN is 07AAHCS5509C2ZI (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Sigma Distributors Private Limited. It is led by directors Manav Mittal and Anil Mittal.
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 207/88 Second Floor Skipper Towers Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2024, the company reported a revenue of ₹43,630, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹47,880 (net margin 109.7%) and EBITDA of ₹150 (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 21% over five years.
The company is associated with 1 brand: Syrotech. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website syrotech.com.
Company details
Contact details
Syrotech Networks Private Limited's registered office is in New Delhi, Delhi. Its website is syrotech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address207/88 Second Floor Skipper Towers Nehru Place, New Delhi, Delhi, India – 110019
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Syrotech Networks Private 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
Syrotech Networks operates one associated brand: Syrotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of optical fiber network & surveillance products | syrotech.com |
Business activity
The main business activity of Syrotech Networks is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Syrotech Networks Private Limited, buy the company report.
Financials of Syrotech Networks Private Limited
FY 2024 filings availableSyrotech Networks Private Limited reported revenue of ₹43,630 (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 18% fall in the latest year. EBITDA rose 102% 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
| 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 | ₹43,630 | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹150 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹47,880 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 109.7% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Syrotech Networks Private Limited, buy the company report.
Board of directors of Syrotech Networks Private Limited
Syrotech Networks has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manav Mittal | Director | 03 Apr 2023 | 3 Years 7 Months | Current |
| Anil Mittal Also directs: Peaceful Developers Private Limited, Silver Cross Mercantile and Exporters Private Limited, Flexoptix Private Limited and 3 more | Director | 04 Apr 2003 | 23 Years 6 Months | Current |
Auditor
Syrotech Networks Private Limited is audited by SANJESH JAWARANI & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJESH JAWARANI & CO. | FY 2024 | 011648N |
Shareholding
The shareholding of Syrotech Networks Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Syrotech Networks Private Limited, buy the company report.
Legal cases
Syrotech Networks Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by M/S E Roads Technology Ltd | Disposed |
To see the full case history of Syrotech Networks Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Syrotech Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Syrotech Networks has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCS5509C2ZI | Delhi | Active | 01 Jul 2017 |
| 09AAHCS5509C1ZF | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Syrotech Networks Private Limited, buy the company report.
Recent activity
Syrotech Networks Private Limited has 7 board changes on record since 2003: 2 appointments and 5 cessations. The latest: Manav Mittal ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Syrotech Networks is an active private limited company based in New Delhi, Delhi, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 04 April 2003 (23+ years old) and is registered under CIN U51909DL2003PTC119765.
Syrotech Networks has 2 current directors:
- Manav Mittal - Director
- Anil Mittal - Director
The latest financial statements of Syrotech Networks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Syrotech Networks is 07AAHCS5509C2ZI, registered in Delhi. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAHCS5509C1ZF (Uttar Pradesh).
The CIN (Corporate Identification Number) of Syrotech Networks is U51909DL2003PTC119765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syrotech Networks has 1 court case on record: 1 filed against it.
Syrotech Networks was incorporated on 04 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
Manav Mittal ceased to be Additional Director on 29 Sep 2023. Manav Mittal was appointed as Director on 03 Apr 2023. Arvind Kumar Goel ceased to be Director on 01 Feb 2023. Syrotech Networks has 7 board changes on record in total.
Syrotech Networks can be reached through the website syrotech.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Syrotech Networks is at 20788 Second Floor Skipper Towers Nehru Place, New Delhi, Delhi, India – 110019.
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