About Vay Network Services Private Limited
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Vay Network Services Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 16 June 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC165017. Its GSTIN is 27AAFCV6085L1ZO (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹6.95 Cr and a paid-up capital of ₹3.05 Cr. It is led by directors including Kannan Ramasamy and Ramaswamy Narayanan Iyer.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Flat No. 6 Third Floor Shivkamal 1076/5 Vidya Vihar Colony Shivaji Nagar, Pune, Maharashtra, India – 411016.
As per the financials filed for FY 2024, the company reported a revenue of ₹153.07 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net loss of ₹110.1 Cr (net margin -71.9%) and EBITDA of -₹96.78 Cr (EBITDA margin -63.2%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 74% over five years.
The company has about 223 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 3 brands: SahiGST, Vayana and Vayana TradeXchange. As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹68.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vayana.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFlat No. 6 Third Floor Shivkamal 1076/5 Vidya Vihar Colony Shivaji Nagar, Pune, Maharashtra, India – 411016
- 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
Associated Brands with Vay Network Services Private Limited
Vay Network Services operates multiple associated brands including SahiGST, Vayana, and Vayana TradeXchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based GST compliance and tax management solutions for businesses | sahigst.com | |
| Platform for trade credit and supply chain finance is provided. | vayana.com | |
| Online platform for trade financing | vayanatradexchange.com |
Competitors & Alternatives of Vay Network Services Private Limited
Brands and companies operating in the same space as Vay Network Services Private Limited include Avalara, IDnow, BitGo and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Avalara | Cloud-based tax compliance solutions are delivered for businesses worldwide. | Seattle, United States | 2004 |
 IDnow | Automated and expert-led identity verification services are provided. | Munich, Germany | 2010 |
 BitGo | Crypto-based custody, trading, and lending services are provided to institutions. | Palo Alto, United States | 2013 |
 CredAble | Provider of working capital and supply chain finance solutions for businesses | Mumbai, India | 2017 |
 AuditBoard | Cloud-based GRC and audit management solutions are provided. | Cerritos, United States | 2014 |
 Craft | Craft is recognized for providing supply chain resilience solutions. | Francisco, United States | 2014 |
 Parallel Markets | Software solutions for private market investors | New York, United States | 2018 |
 Alloy | Identity decisioning platform is provided for banks and fintech firms. | New York, United States | 2015 |
 Feedzai | Cloud-based big data and fraud prevention solutions are offered. | San Mateo, United States | 2011 |
 NAVEX Global | Cloud-based ethics and compliance software is provided for risk management. | Lake Oswego, United States | 2012 |
Business Activity of Vay Network Services Private Limited
The main business activity of Vay Network Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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.
Auditor Details of Vay Network Services Private Limited
Vay Network Services Private Limited is audited by Deloitte Haskins and Sells LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins and Sells LLP | 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 Vay Network Services Private Limited
Vay Network Services has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kannan Ramasamy | Director | 03 Jun 2017 | 9 Years 4 Months | Current |
| Manpreet Ratia | Nominee Director | 11 Nov 2020 | 5 Years 10 Months | Current |
| Ramaswamy Narayanan Iyer Also directs: Vayana Finserv Private Limited, Clayfin Technologies Private Limited, Timesaver Solutions Private Limited and 1 more | Director | 16 Jun 2016 | 10 Years 3 Months | Current |
| Meenakshi Sundaram Also directs: Nishaavritra Investment Manager LLP, Svaadhi Investment Manager LLP, Naigama Investment Manager LLP and 5 more | Nominee Director | 03 Jul 2017 | 9 Years 3 Months | Current |
Financials of Vay Network Services Private Limited FY 2024 filings available
Vay Network Services Private Limited reported revenue of ₹153.07 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Vay Network Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 74% over five years, including 27% growth in the latest year. EBITDA fell 35% 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 Vay Network Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹96.78 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹110.1 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Vay Network Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -71.9% | •••• | •••• | •••• | •••• |
| 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 Vay Network Services are in the company report.
Financial statements from FY 2017
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.
Ownership and Shareholding of Vay Network Services 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.
Group Structure of Vay Network Services Private Limited
Vay Network Services has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vayana (Ifsc) Private Limited | U67100GJ2022PTC132713 | Locked |
| Hylobiz Challenger Private Limited | U72900PN2022PTC207535 | Locked |
| Rubix Data Sciences Private Limited | U74999MH2017PTC301282 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Vay Network Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 2023 | Others | ₹60 Cr | Satisfied |
| 26 Aug 2020 | Others | ₹8.5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Vay Network Services Private Limited
Vay Network Services Private Limited has a workforce of 223 employees as of Feb 19, 2025.
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.
GST Compliance of Vay Network Services Private Limited
Vay Network Services has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV6085L1ZO | Maharashtra | Active | 01 Jul 2017 |
| 29AAFCV6085L1ZK | Karnataka | Active | 17 May 2018 |
| 24AAFCV6085L1ZU | Gujarat | Active | 02 Feb 2022 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Vay Network Services 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 Vay Network Services 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 Vay Network Services 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.
MCA Filings & Documents of Vay Network Services 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.
Recent Activity on Vay Network Services Private Limited
Recent News on Vay Network Services Private Limited
Frequently Asked Questions about Vay Network Services Private Limited
Vay Network Services is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 16 June 2016 (10+ years old) and is registered under CIN U74999PN2016PTC165017.
Vay Network Services reported revenue of ₹153.07 Cr for FY 2024 (up 27% YoY).
Vay Network Services has 4 current directors:
- Kannan Ramasamy - Director
- Manpreet Ratia - Nominee Director
- Ramaswamy Narayanan Iyer - Director
- Meenakshi Sundaram - Nominee Director
Vay Network Services reported a net loss of ₹110.1 Cr (net margin -71.9%) and EBITDA of -₹96.78 Cr (EBITDA margin -63.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vay Network Services is 66% over three years and 74% over five years. In the latest year (FY 2024) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vay Network Services is 27AAFCV6085L1ZO, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAFCV6085L1ZK (Karnataka), 24AAFCV6085L1ZU (Gujarat).
The CIN (Corporate Identification Number) of Vay Network Services is U74999PN2016PTC165017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vay Network Services was incorporated on 16 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Yes, Vay Network Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).