About Way 2 Internet Private Limited
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Way 2 Internet Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the telecommunications sector. It was incorporated on 08 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2015PTC269015. Its GSTIN is 27AABCW7186M1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kiran Bhaurao Patil and Pramod Anil Patil.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 32B Mun G Dhakal Patil House A Sangitaratn Kesarinat Buva Bhaye Marg, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2024, the company reported a revenue of ₹28.65 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹10.14 Lakh (net margin -35.4%) and EBITDA of -₹9.59 Lakh (EBITDA margin -33.5%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 4% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website way2-internet.com.
Company details
Contact details
Way 2 Internet Private Limited's registered office is in Mumbai, Maharashtra. Its website is way2-internet.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address32B Mun G Dhakal Patil House A Sangitaratn Kesarinat Buva Bhaye Marg, Mumbai, Maharashtra, India – 400030
- IndustryTelecommunication, Telecommunications, Satellite, Wireless, Wired
To see the full contact details of Way 2 Internet 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 Way 2 Internet is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Way 2 Internet Private Limited, buy the company report.
Financials of Way 2 Internet Private Limited
FY 2024 filings availableWay 2 Internet Private Limited reported revenue of ₹28.65 Lakh (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 19% fall in the latest year. EBITDA fell 105% 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
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| EBITDA | -₹9.59 Lakh | ||||
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| Net Profit (PAT) | -₹10.14 Lakh | ||||
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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 | -33.5% | ||||
| Net Profit Margin | -35.4% | ||||
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To see the full financial statements and ratios of Way 2 Internet Private Limited, buy the company report.
Board of directors of Way 2 Internet Private Limited
Way 2 Internet has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kiran Bhaurao Patil Also directs: Sindhu Fiber Private Limited | Director | 08 Oct 2015 | 11 Years 0 Months | Current |
| Pramod Anil Patil | Director | 08 Oct 2015 | 11 Years 0 Months | Current |
Auditor
Way 2 Internet Private Limited is audited by Kiran Solanki & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kiran Solanki & Associates | FY 2017 | 113102W |
Shareholding
The shareholding of Way 2 Internet Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Way 2 Internet Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Way 2 Internet 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 Way 2 Internet Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Way 2 Internet has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW7186M1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Way 2 Internet Private Limited, buy the company report.
Recent activity
Way 2 Internet Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Kiran Bhaurao Patil was appointed as Director on 08 Oct 2015.
Frequently asked questions
Way 2 Internet is an active private limited company based in Mumbai, Maharashtra, India. The company works in telecommunications, within the telecommunication industry. It was incorporated on 08 October 2015 (11+ years old) and is registered under CIN U74120MH2015PTC269015.
Way 2 Internet has 2 current directors:
- Kiran Bhaurao Patil - Director
- Pramod Anil Patil - Director
The latest financial statements of Way 2 Internet on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Way 2 Internet is 27AABCW7186M1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Way 2 Internet is U74120MH2015PTC269015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Way 2 Internet was incorporated on 08 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Kiran Bhaurao Patil was appointed as Director on 08 Oct 2015. Pramod Anil Patil was appointed as Director on 08 Oct 2015.
Way 2 Internet can be reached through the website way2-internet.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Way 2 Internet is at 32B Mun G Dhakal Patil House A Sangitaratn Kesarinat Buva Bhaye Marg, Mumbai, Maharashtra, India – 400030.
Way 2 Internet operates in the telecommunication industry, in the telecommunications segment.