About Terafast Networks Private Limited
Data last updated:
Terafast Networks Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 22 June 2004.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U52392TN2004PTC053536. Its GSTIN is 33AACCT0556B2ZW (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Ravichandran Meenakshisundaram and Aditya Krishna.
Its last annual general meeting (AGM) was held on 06 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 161 Sundararajan Salai Srinivasanagar Madipakkam, Chennai, Tamil Nadu, India – 600091.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.11 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹6.47 Cr (net margin 32.2%) and EBITDA of ₹9.12 Cr (EBITDA margin 45.3%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 26% over five years.
The company had about 77 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Terafast Networks. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in October 2022.
The last known website on record is terafastnet.com.
Company details
Contact details
Terafast Networks Private Limited's registered office is in Chennai, Tamil Nadu. Its website is terafastnet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address161 Sundararajan Salai Srinivasanagar Madipakkam, Chennai, Tamil Nadu, India – 600091
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Terafast 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
Terafast Networks operates one associated brand: Terafast Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT services suite solutions are provided to various clients. | terafastnet.com |
Business activity
The main business activity of Terafast Networks is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Terafast Networks Private Limited, buy the company report.
Financials of Terafast Networks Private Limited
FY 2024 filings availableTerafast Networks Private Limited reported revenue of ₹20.11 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 18% growth in the latest year. EBITDA rose 60% 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 |
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| EBITDA | ₹9.12 Cr | ||||
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| Net Profit (PAT) | ₹6.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 45.3% | ||||
| Net Profit Margin | 32.2% | ||||
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To see the full financial statements and ratios of Terafast Networks Private Limited, buy the company report.
Board of directors of Terafast Networks Private Limited
Terafast Networks has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Krishna | Nominee Director | 28 Oct 2022 | 4 Years 0 Months | As last reported |
| Avantika Krishna Also directs: Saksoft Limited, Sak Industries Private Ltd, Ceptes Software Private Limited and 2 more | Nominee Director | 28 Oct 2022 | 4 Years 0 Months | As last reported |
| Ravichandran Meenakshisundaram | Director | 22 Jun 2004 | 22 Years 4 Months | As last reported |
| Nirajkumar Ganeriwala Also directs: Solveda Software India Private Limited, Ceptes Software Private Limited, Zetechno Products and Services Private Limited and 1 more | Nominee Director | 28 Oct 2022 | 4 Years 0 Months | As last reported |
Auditor
Terafast Networks Private Limited is audited by SVSR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SVSR & ASSOCIATES | FY 2023 | 014139S |
Shareholding
The shareholding of Terafast Networks Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Terafast Networks Private Limited, buy the company report.
Deals & funding
Terafast Networks Private Limited has 1 deal on record (1 acquisition); the latest was in October 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Acquisition | Undisclosed | Buyer: Threesixty Logica Testing Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Terafast Networks Private Limited has 1 court case on record: 1 filed by Terafast Networks. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Terafast 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 Terafast Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Terafast Networks Private Limited has a workforce of 77 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Terafast Networks has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCT0556B2ZW | Tamil Nadu | Active | 27 Sep 2017 |
To see the full GST registrations and return filing status of Terafast Networks Private Limited, buy the company report.
Recent activity
Terafast Networks Private Limited has 6 board changes on record since 2004: 4 appointments and 2 cessations. The latest: Aditya Krishna was appointed as Nominee Director on 28 Oct 2022.
Frequently asked questions
Terafast Networks 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.
Terafast Networks was a private limited company based in Chennai, Tamil Nadu, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 22 June 2004 and is registered under CIN U52392TN2004PTC053536. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Terafast Networks was incorporated on 22 June 2004. It is registered with the Registrar of Companies, Chennai.
Terafast Networks had 4 directors:
- Aditya Krishna - Nominee Director
- Avantika Krishna - Nominee Director
- Ravichandran Meenakshisundaram - Director
- Nirajkumar Ganeriwala - Nominee Director
The CIN (Corporate Identification Number) of Terafast Networks is U52392TN2004PTC053536. 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 Terafast Networks is at 161 Sundararajan Salai Srinivasanagar Madipakkam, Chennai, Tamil Nadu, India – 600091.
Terafast Networks can be reached through the website terafastnet.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Terafast Networks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 06 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Terafast Networks is 33AACCT0556B2ZW, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Terafast Networks operated in the information technology industry, in the software development and support services segment.
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