Velocity Networks Private Limited
About Velocity Networks Private Limited
Data last updated:
Velocity Networks Private Limited was a private limited company based in Hyderabad, Telangana, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the telecom service providers segment of the telecommunications sector. It was incorporated on 14 October 2010.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2010PTC070850. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.03 Cr. It was led by directors Venkata Rama Sastry Marty and Mohana Ramakrishna Velagapudi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹19,533, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹1.18 Lakh and EBITDA of -₹1.18 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 30% over five years.
Company details
CIN history
Velocity Networks has one previous CIN (Corporate Identification Number): U72200AP2010PTC070850. The current CIN is U72200TG2010PTC070850, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2010PTC070850 | Current |
| U72200AP2010PTC070850 | Previous |
Contact details
Velocity Networks Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlats No. B – 5 B – 6 First Floor Banjara Gardens H.No.8 – 2 – 677/C/Lo Road No.12, H Ills India, Hyderabad, Telangana, India – 500034
- IndustryTelecom, Telecom Service Providers
To see the full contact details of Velocity 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
Financials of Velocity Networks Private Limited
FY 2023 filings availableVelocity Networks Private Limited reported revenue of ₹19,533 (down 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years. EBITDA fell 101% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19,533 | ||||
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| Total Expenses | |||||
| EBITDA | -₹1.18 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.18 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
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To see the full financial statements and ratios of Velocity Networks Private Limited, buy the company report.
Board of directors of Velocity Networks Private Limited
Velocity Networks has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Rama Sastry Marty | Director | 06 Nov 2012 | 13 Years 11 Months | As last reported |
| Mohana Ramakrishna Velagapudi | Director | 14 Oct 2010 | 16 Years 0 Months | As last reported |
Auditor
Velocity Networks Private Limited is audited by C K S ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K S ASSOCIATES | FY 2023 | 007390S |
Shareholding
The shareholding of Velocity Networks Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Velocity Networks Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Velocity Networks Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Velocity Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velocity Networks has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Velocity Networks Private Limited, buy the company report.
Recent activity
Velocity Networks Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Venkata Subbaraju Penmetsa ceased to be Director on 24 Jul 2015.
Frequently asked questions
Velocity Networks has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Velocity Networks was a private limited company based in Hyderabad, Telangana, India. The company worked in telecom service providers, within the telecom industry. It was incorporated on 14 October 2010 and is registered under CIN U72200TG2010PTC070850. The company has been struck off by the Registrar of Companies and is no longer operational.
Velocity Networks had 2 directors:
- Venkata Rama Sastry Marty - Director
- Mohana Ramakrishna Velagapudi - Director
The CIN (Corporate Identification Number) of Velocity Networks is U72200TG2010PTC070850. 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 Velocity Networks is at Flats No. B – 5 B – 6 First Floor Banjara Gardens H.No.8 – 2 – 677CLo Road No.12, H Ills India, Hyderabad, Telangana, India – 500034.
Velocity Networks was incorporated on 14 October 2010. It is registered with the Registrar of Companies, Hyderabad.
The latest financial statements of Velocity Networks on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Velocity Networks has 2 GST registrations on record and all of them are cancelled or inactive.
Velocity Networks operated in the telecom industry, in the telecom service providers segment. It worked in this industry before it was struck off.
Venkata Subbaraju Penmetsa ceased to be Director on 24 Jul 2015. Ramaraghavulu Pujari ceased to be Director on 25 Aug 2014. Suraj Paul Dias ceased to be Director on 29 Nov 2012. Velocity Networks has 6 board changes on record in total.
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