About Verizon India Private Limited
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Verizon India Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Mfs Globenet Inc.. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 06 January 2000.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL2000PTC103136. The company has 5 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹52.3 Lakh. It was formerly known as Mci Worldcom India Private Limited. It was led by directors Mukesh Kumar Vashisht and Monu Mathe.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Unit No. 305 3rd Floor Aero City Asset No. 7 Worldmark 3 Indira Gandhi International, Airport, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2019, the company reported a revenue of ₹46.52 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹4.24 Cr and EBITDA of -₹4.04 Cr. Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
The company had about 7 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 21 cases involving the company, including 11 filed by the company and 10 filed against it; 4 cases are pending.
The last known website on record is verizonenterprise.com.
Company details
Contact details
Verizon India Private Limited's registered office is in New Delhi, Delhi. Its website is verizonenterprise.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No. 305 3rd Floor Aero City Asset No. 7 Worldmark 3 Indira Gandhi International, Airport, New Delhi, Delhi, India – 110037
- IndustryTelecom, Telecom Equipment & Tech Solutions
To see the full contact details of Verizon India 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
Business activity
The main business activity of Verizon India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Verizon India Private Limited, buy the company report.
Financials of Verizon India Private Limited
FY 2019 filings availableVerizon India Private Limited reported revenue of ₹46.52 Lakh (down 91% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 75% over three years, including a 91% fall in the latest year. EBITDA fell 378% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹46.52 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹4.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.24 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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To see the full financial statements and ratios of Verizon India Private Limited, buy the company report.
Board of directors of Verizon India Private Limited
Verizon India has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Kumar Vashisht | Director | 21 Sep 2011 | 15 Years 1 Months | As last reported |
| Monu Mathe | Director | 26 Sep 2017 | 9 Years 0 Months | As last reported |
Auditor
Verizon India Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2019 | 101049W |
Shareholding
The shareholding of Verizon India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Verizon India Private Limited, buy the company report.
Legal cases
Verizon India Private Limited has 21 court cases on record: 11 filed by Verizon India, 10 filed against it. 4 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 8 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Swathy Smart Cards Hi-Tech Pvt. Ltd. | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Company petition | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by The Deputy Commissioner of Income Tax Circle -I Salem | Disposed |
| Supreme Court | Court case (0433-Indirect Taxes Matters : Appeals u/s 35 L of Central Excise and Salt Act, 1944.) | Filed against the company by Commissioner of Service Tax Engineering India Limited Commissioner of Service Tax Engineering India Limited Annexe Building, 5Th Floor, Bhikaji Cama Place ,New Delhi , Delhi | Disposed |
To see the full case history of Verizon India 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 Verizon India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Verizon India has 5 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 Verizon India Private Limited, buy the company report.
Recent activity
Verizon India Private Limited has 12 board changes on record since 2008: 2 appointments and 10 cessations. The latest: Clareta May Yin Chia ceased to be Director on 13 Dec 2019.
3 earlier events are in the company report.
News
Frequently asked questions
Verizon India 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.
Verizon India was a private limited company based in New Delhi, Delhi, India. The company worked in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 06 January 2000 and is registered under CIN U74899DL2000PTC103136. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Verizon India was incorporated on 06 January 2000. It is registered with the Registrar of Companies, Delhi.
Verizon India had 2 directors:
- Mukesh Kumar Vashisht - Director
- Monu Mathe - Director
The CIN (Corporate Identification Number) of Verizon India is U74899DL2000PTC103136. 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 Verizon India is at Unit No. 305 3rd Floor Aero City Asset No. 7 Worldmark 3 Indira Gandhi International, Airport, New Delhi, Delhi, India – 110037.
Verizon India can be reached through the website verizonenterprise.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Verizon India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Verizon India has 5 GST registrations on record and all of them are cancelled or inactive.
Verizon India operated in the telecom industry, in the telecom equipment and tech solutions segment.