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. 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 ₹121.56 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 -90.6%) and EBITDA of -₹96.78 Cr (EBITDA margin -79.6%). 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. Court records list 1 case involving the company, including 1 filed by the company. The company has 15 deals on record (10 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹660.13 Cr; the latest was in June 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers.
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.
Company details
Contact details
Vay Network Services Private Limited's registered office is in Pune, Maharashtra. Its website is vayana.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Vay Network Services 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
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 |
Business activity
The main business activity of Vay Network Services is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Vay Network Services Private Limited, buy the company report.
Financials of Vay Network Services Private Limited
FY 2024 filings availableVay Network Services Private Limited reported revenue of ₹121.56 Cr (up 27% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹121.56 Cr | ||||
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| EBITDA | -₹96.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹110.1 Cr | ||||
| 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 | -79.6% | ||||
| Net Profit Margin | -90.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Vay Network Services Private Limited, buy the company report.
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 11 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 4 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 |
Auditor
Vay Network Services Private Limited is audited by Deloitte Haskins and Sells LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins and Sells LLP | FY 2024 | 117366W / W-100018 |
Shareholding
The shareholding of Vay Network Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vay Network Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2023 | 100714626 | Others | ₹60 Cr | Satisfied | |
| 26 Aug 2020 | 100375637 | Others | ₹8.5 Cr | Satisfied |
To see the full charge records of Vay Network Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Vay Network Services Private Limited has 15 deals on record (10 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹660.13 Cr; the latest was in June 2026.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Funding round · Series D | ₹146.79 Cr | Investors: SMBC Asia Rising Fund, Chiratae Ventures (IDG), Emerald Company Private Limited |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Jungle Ventures Seller: Reliance Industrial Investments and Holdings Limited |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: March Capital Partners, an individual Seller: Reliance Industrial Investments and Holdings Limited |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Marshall Wace, Ajanta LLP , Chiratae Ventures (IDG) Seller: Reliance Industrial Investments and Holdings Limited |
| Apr 2017 | Rights issue | ₹16.5 Lakh | Investors: Brindavan Partners LLP , an individual |
To see the full deal history of Vay Network Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vay Network Services Private Limited has 1 court case on record: 1 filed by Vay Network Services. 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, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Vay Network Services 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
Vay Network Services Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Atk Express LLP | |||
| Rezorce Managed Solutions Private Limited |
To see the full MSME payment records of Vay Network Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Hylobiz Challenger Private Limited | U72900PN2022PTC207535 | |
| Rubix Data Sciences Private Limited | U74999MH2017PTC301282 |
To see the full group structure of Vay Network Services Private Limited, buy the company report.
Employees & EPFO
Vay Network Services Private Limited has a workforce of 223 employees on its EPFO records as of Feb 19, 2025, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Vay Network Services Private Limited, buy the company report.
Recent activity
Vay Network Services Private Limited has 10 board changes on record since 2016: 4 appointments and 6 cessations. The latest: Henish Sutaria ceased to be Company Secretary on 31 Dec 2024.
5 earlier events are in the company report.
News
Frequently asked questions
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 has 4 current directors:
- Kannan Ramasamy - Director
- Manpreet Ratia - Nominee Director
- Ramaswamy Narayanan Iyer - Director
- Meenakshi Sundaram - Nominee Director
The latest financial statements of Vay Network Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
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 has 1 court case on record: 1 filed by the company.
Vay Network Services was incorporated on 16 June 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Vay Network Services has 15 deals on record (10 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹660.13 Cr; the latest was in June 2026.
Henish Sutaria ceased to be Company Secretary on 31 Dec 2024. Soumyo Dutta ceased to be Nominee Director on 11 Nov 2021. Suresh Kumar Somani ceased to be Nominee Director on 11 Nov 2021. Vay Network Services has 10 board changes on record in total.
Vay Network Services has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Vay Network Services can be reached through the website vayana.com. Its registered office is in Pune, Maharashtra, India.
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