About Waytech Network Private Limited
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Waytech Network Private Limited is a private limited company based in New, Delhi, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 24 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2015PTC287793. Its GSTIN is 07AABCW7338R1ZJ (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6.05 Cr and a paid-up capital of ₹4.85 Cr. It is led by directors Sahil Mithal and Atul Mithal.
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 5A Ashoka Chambers 5 – B Rajendra Park, New, Delhi, India – 110060.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.05 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹77.32 Lakh (net margin 37.7%) and EBITDA of ₹89.07 Lakh (EBITDA margin 43.4%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 18% over five years.
The company is associated with 1 brand: Shiftkarado. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in June 2019. Its 10 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce) are compared by revenue, 5 larger and 5 smaller; the largest is Detech Devices Private Limited. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 3 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 shiftkarado.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address5A Ashoka Chambers 5 – B Rajendra Park, New, Delhi, India – 110060
- IndustryE-Commerce, General E-Commerce Platforms
- 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
Business Activity of Waytech Network Private Limited
The main business activity of Waytech Network is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | 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.
Financials of Waytech Network Private Limited FY 2024 filings available
Waytech Network Private Limited reported revenue of ₹2.05 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Waytech Network Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 8% growth in the latest year. EBITDA fell 24% 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 Waytech Network Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹89.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹77.32 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Waytech Network Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 43.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 37.7% | •••• | •••• | •••• | •••• |
| 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 Waytech Network are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Waytech Network Private Limited
Waytech Network Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Detech Devices Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| JGS Jaipur Global Services Private Limited | •••• | •••• | •••• | •••• | - | Doddaballapura, Karnataka, India |
| Shrimad India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Myvaluepack Retail Private Limited | •••• | •••• | •••• | •••• | 23 | Mumbai, Maharashtra, India |
| A.D.Schaffen Private Limited | •••• | •••• | •••• | •••• | - | Karur, Tamil Nadu, India |
| Waytech Network Private Limited this company | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Fruition Retail Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Insignia Art Collect Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Business Gifts Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Pepagora (India) Private Limited | •••• | •••• | •••• | •••• | 25 | Coimbatore South, Tamil Nadu, India |
| Muren Impex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Waytech Network by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Waytech Network Private Limited
Waytech Network Private Limited is audited by NATH AHUJA & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NATH AHUJA & CO. | 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 Waytech Network Private Limited
Waytech Network has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sahil Mithal Also directs: Star Worldwide Group Private Limited, Starbic Business Solutions Private Limited, Trilasoft Solutions Private Limited and 1 more | Director | 24 Nov 2015 | 10 Years 10 Months | Current |
| Atul Mithal | Director | 24 Nov 2015 | 10 Years 10 Months | Current |
Ownership and Shareholding of Waytech Network 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.
Charges & Borrowings of Waytech Network Private Limited
Waytech Network Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Waytech Network Private Limited
Waytech Network Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in June 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Funding round | ₹2.1 Cr | Investors: Star Worldwide Group Private Limited , an individual |
| Jul 2018 | Funding round | ₹75 Lakh | Investors: Star Worldwide Group Private Limited |
| Jun 2017 | Funding round | ₹1.75 Cr | Investors: Star Worldwide Group Private Limited , an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Waytech Network Private Limited
Waytech Network Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Chary Express (OPC) Private Limited | •••• | •••• | •••• |
| Maxwell Logistics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Waytech Network Private Limited
Waytech Network operates one associated brand: Shiftkarado. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Relocation services are booked and managed via an online platform. | shiftkarado.com |
Employees and EPFO Compliance at Waytech Network Private Limited
Employment history and EPFO contributions of people linked to Waytech Network.
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.
News related to Waytech Network Private Limited
Recent Activity on Waytech Network Private Limited
Waytech Network Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Ashish Mullick ceased to be Director on 01 Nov 2019.
Credit Ratings, Litigation & Regulatory Alerts for Waytech Network 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.
Subsidiaries & Group Companies of Waytech Network 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.
GST Compliance of Waytech Network Private Limited
Waytech Network has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCW7338R1ZJ | Delhi | Active | 01 Jul 2017 |
| 06AABCW7338R1ZL | Haryana | Active | 16 May 2019 |
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.
MCA Filings & Documents of Waytech Network 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.
Frequently Asked Questions about Waytech Network Private Limited
Waytech Network is an active private limited company based in New, Delhi, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 24 November 2015 (11+ years old) and is registered under CIN U74999DL2015PTC287793.
Waytech Network reported revenue of ₹2.05 Cr for FY 2025 (up 8% YoY).
Waytech Network has 2 current directors:
- Sahil Mithal - Director
- Atul Mithal - Director
Waytech Network reported a net profit of ₹77.32 Lakh (net margin 37.7%) and EBITDA of ₹89.07 Lakh (EBITDA margin 43.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Waytech Network is 42% over three years and 18% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Waytech Network is 07AABCW7338R1ZJ, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AABCW7338R1ZL (Haryana).
The CIN (Corporate Identification Number) of Waytech Network is U74999DL2015PTC287793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waytech Network was incorporated on 24 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Waytech Network has 3 deals on record (3 funding rounds), with disclosed funding of ₹4.6 Cr; the latest was in June 2019.
The peers of Waytech Network by revenue are Detech Devices Private Limited, JGS Jaipur Global Services Private Limited, Shrimad India Private Limited, Myvaluepack Retail Private Limited, A.D.Schaffen Private Limited and 5 more, all in the Ecommerce and Internet industry (Broad Based Ecommerce).
Ashish Mullick ceased to be Director on 01 Nov 2019. Atul Mithal was appointed as Director on 24 Nov 2015. Sahil Mithal was appointed as Director on 24 Nov 2015.
Waytech Network has 3 MSME Form 1 returns on record between 2019 and 2020, listing 32 overdue payments to 3 micro and small suppliers. The latest return was filed on 21 Dec 2020.