About Wifi Networks Private Limited
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Wifi Networks Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Widescreen Holdings Private Limited. It operates in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 10 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2004PTC034096. Its GSTIN is 29AAACW5293L1ZO (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors Nalini Mohanaraju Guttumukkala (Managing Director) and Kiran Kumar Inampudi.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Ramanashree Arcade 2nd Floor No. 18 Mg Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.5 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹1.25 Cr (net margin -50%) and EBITDA of -₹1.22 Cr (EBITDA margin -49%). Revenue has declined at a compounded annual rate (CAGR) of 37% over three years and 25% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WiFi Networks. As per MCA filings, the company has satisfied charges of ₹4 Cr on record. Court records list 13 cases involving the company, including 5 filed by the company and 8 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wifinetworks.com.
Company details
Contact details
Wifi Networks Private Limited's registered office is in Bangalore, Karnataka. Its website is wifinetworks.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressRamanashree Arcade 2nd Floor No. 18 Mg Road, Bangalore, Karnataka, India – 560001
- IndustryTelecom, Mobile Value-Added Services (VAS)
To see the full contact details of Wifi 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
Brands
Wifi Networks operates one associated brand: WiFi Networks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Telecom and broadcasting VAS solutions provider | wifinetworks.com |
Business activity
The main business activity of Wifi Networks 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 Wifi Networks Private Limited, buy the company report.
Financials of Wifi Networks Private Limited
FY 2021 filings availableWifi Networks Private Limited reported revenue of ₹2.5 Cr (down 31% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 31% fall in the latest year. EBITDA rose 3% 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 | -₹1.22 Cr | ||||
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| Net Profit (PAT) | -₹1.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -49% | ||||
| Net Profit Margin | -50% | ||||
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To see the full financial statements and ratios of Wifi Networks Private Limited, buy the company report.
Board of directors of Wifi Networks Private Limited
Wifi Networks has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nalini Mohanaraju Guttumukkala Also directs: Miklens Bio Private Limited, Nbio Artemia Private Limited, Nxgent Mining Private Limited and 5 more | Managing Director | 10 Jun 2004 | 22 Years 4 Months | Current |
| Kiran Kumar Inampudi Also directs: Aqylon Nexus Limited, Mobiwalkers Digital Media Private Limited | Director | 10 Jun 2004 | 22 Years 4 Months | Current |
Auditor
Wifi Networks Private Limited is audited by GURU & RAM LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GURU & RAM LLP | FY 2019 | 009723S |
Shareholding
The shareholding of Wifi Networks 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 Wifi Networks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Aug 2009 | 10173264 | Vijaya Bank | ₹50 Lakh | Satisfied | |
| 09 Jul 2009 | 10173263 | Vijaya Bank | ₹2 Cr | Satisfied | |
| 31 Oct 2008 | 10134295 | Vijaya Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Wifi Networks Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Wifi Networks Private Limited has 13 court cases on record: 5 filed by Wifi Networks, 8 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 8 | 1 |
| District courts | 4 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed against the company by Asianet Communications Ltd. | Pending |
| High Court of Karnataka | Tax appeal | Filed against the company by Commissioner of Income Tax-Iii | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed against the company by The Commissioner of Income Tax, | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Asianet Communivcations Ltd. | Disposed |
To see the full case history of Wifi Networks 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 Wifi Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wifi Networks Private Limited has a workforce of 25 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Wifi Networks has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW5293L1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wifi Networks Private Limited, buy the company report.
Recent activity
Wifi Networks Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Kiran Kumar Inampudi was appointed as Director on 10 Jun 2004.
Frequently asked questions
Wifi Networks is an active private limited company based in Bangalore, Karnataka, India. The company works in mobile value-added services (vas), within the telecom industry. It was incorporated on 10 June 2004 (22+ years old) and is registered under CIN U72200KA2004PTC034096.
Wifi Networks has 2 current directors:
- Nalini Mohanaraju Guttumukkala - Managing Director
- Kiran Kumar Inampudi - Director
The latest financial statements of Wifi Networks on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Wifi Networks is 29AAACW5293L1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Wifi Networks is U72200KA2004PTC034096. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wifi Networks has 13 court cases on record: 5 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Wifi Networks was incorporated on 10 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Kiran Kumar Inampudi was appointed as Director on 10 Jun 2004. Nalini Mohanaraju Guttumukkala was appointed as Managing Director on 10 Jun 2004.
Wifi Networks can be reached through the website wifinetworks.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Wifi Networks is at Ramanashree Arcade 2nd Floor No. 18 Mg Road, Bangalore, Karnataka, India – 560001.