MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0008059
X2 Private Limited - telecom in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹10.35 Cr
▼ 66% YoY
Net loss · FY 2023
₹2.27 Cr
Net margin -22%
EBITDA · FY 2023
-₹87.46 Lakh
EBITDA margin -8.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹32.13 Lakh
Issued & subscribed
Open charges
₹23.85 Cr
Satisfied ₹2.7 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
32
Provident fund records
About X2 Private Limited
Data last updated:
X2 Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the mobile value-added services (vas) segment of the telecommunications sector. It was incorporated on 02 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2005PTC046071. Its GSTIN is 36AAJCS2423B1ZR (Telangana). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹32.13 Lakh. It was formerly known as Way2Online Interactive India Private Limited and Sunsilica Solutions Private Limited. It is led by directors Suresh Kumar Uppalapati and Vanapala Sasendra Kumar.
Its last annual general meeting (AGM) was held on 23 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.35 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹2.27 Cr (net margin -22%) and EBITDA of -₹87.46 Lakh (EBITDA margin -8.4%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 30% over five years.
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 5 brands: Way2Loans, Way2target, Way2Enrich, 160By2 and Way2online. As per MCA filings, the company has open charges of ₹23.85 Cr and satisfied charges of ₹2.7 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 2 deals on record (2 acquisitions); the latest was in May 2012.
X2 Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0008059). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website way2online.com.
Company details
CIN U72200TG2005PTC046071
Registration Number 046071
Incorporation Date 02 May 2005
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-02-0008059
Name history
X2 Private Limited has undergone 2 name changes throughout its history. The company was previously known as Way2online Interactive India Private Limited, and Sunsilica Solutions Private Limited. The current legal name is X2 Private Limited.
| Company Name | Status |
|---|---|
| X2 Private Limited | Current |
| Way2online Interactive India Private Limited | Previous |
| Sunsilica Solutions Private Limited | Previous |
CIN history
X2 Private Limited has one previous CIN (Corporate Identification Number): U72200AP2005PTC046071. The current CIN is U72200TG2005PTC046071, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2005PTC046071 | Current |
| U72200AP2005PTC046071 | Previous |
Recognitions & Rankings of X2 Private Limited
Contact details
X2 Private Limited's registered office is in Hyderabad, Telangana. Its website is way2online.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. .502B Amara Jyothi 2nd Floor, Road No. 31 Jubilee Hills, Hyderabad, Telangana, India – 500033
- IndustryTelecom, Mobile Value-Added Services (VAS)
To see the full contact details of X2 Private Limited, buy the company report.
Comprehensive company report
X2 Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
X2 Private Limited operates multiple associated brands including Way2Loans, way2target, and Way2Enrich. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as an aggregator for personal bank loans, simplifying access for users. | way2loans.com | |
| Delivers email and mobile marketing solutions for businesses. | way2target.com | |
| A platform providing contact databases to enterprises. | way2enrich.com | |
| Online platform to send SMS | 160by2.com | |
| Data-driven marketing solutions are offered by Way2online. | way2online.com |
Business activity
The main business activity of X2 Private Limited is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of X2 Private Limited, buy the company report.
Financials of X2 Private Limited
FY 2023 filings availableX2 Private Limited reported revenue of ₹10.35 Cr (down 66% YoY) for FY 2023.
Revenue · FY 2023
₹10.35 Cr ▼ 66%
Net loss · FY 2023
₹2.27 Cr margin -22%
EBITDA · FY 2023
-₹87.46 Lakh margin -8.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 66%
3 years · compounded
▼ 45%
5 years · compounded
▼ 30%
EBITDA CAGR growth
1 year
▼ 109%
3 years · compounded
▼ 29%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 66% fall in the latest year. EBITDA fell 109% 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 | ₹10.35 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹87.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.27 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.4% | ||||
| Net Profit Margin | -22% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of X2 Private Limited, buy the company report.
Board of directors of X2 Private Limited
X2 Private Limited has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Uppalapati Also directs: Seven Leaf Ventures LLP, Instahot Foods Private Limited, Way2 Digital Private Limited and 2 more | Director | 24 Feb 2022 | 4 Years 8 Months | Current |
| Vanapala Sasendra Kumar Also directs: Seven Leaf Ventures LLP, Big Tree Infra & Mines Private Limited, Instahot Foods Private Limited and 5 more | Director | 17 Jan 2013 | 13 Years 9 Months | Current |
Auditor
X2 Private Limited is audited by SANATH & RAJASEKHARA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANATH & RAJASEKHARA | FY 2023 | 018210S |
Shareholding
The shareholding of X2 Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of X2 Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.85 Cr
Satisfied charges
₹2.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2018 | 100218939 | Hdfc Bank Limited | ₹23.85 Cr | Open | |
| 24 Jun 2014 | 10506020 | Sbi Global Factors Limited | ₹2.7 Cr | Satisfied |
To see the full charge records of X2 Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
X2 Private Limited has 2 deals on record (2 acquisitions); the latest was in May 2012.
Total deals
2
Acquisitions
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2012 | Acquisition | ₹199.4 Cr | Buyer: Valuefirst Digital Media Private Limited |
| Dec 2011 | Acquisition | Undisclosed | Buyer: X2 Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
X2 Private Limited has 2 court cases on record: 1 filed by X2 Private Limited, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against M/S Gigs Media Private Limited., | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Valuefirst Digital Media Private Limited | Disposed |
To see the full case history of X2 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 X2 Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
X2 Private Limited has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Way2 Digital Private Limited | U51909TG2012PTC083322 | |
| Wowway Labs Private Limited | U74999KA2012PTC064560 |
To see the full group structure of X2 Private Limited, buy the company report.
Employees & EPFO
X2 Private Limited has a workforce of 32 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-49.21%
GST
X2 Private Limited has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAJCS2423B1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of X2 Private Limited, buy the company report.
Recent activity
X2 Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Suresh Kumar Uppalapati ceased to be Additional Director on 28 Sep 2022.
AGM
X2 Private Limited last Annual general meeting of members was held on 23 Sep 2023 as per latest MCA records.
Filing
X2 Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
Ceased
Suresh Kumar Uppalapati ceased to be Additional Director.
Appointed
Suresh Kumar Uppalapati was appointed as Director.
Ceased
Vanapala Venkam Raju ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 2,385.36 Lakh registered on 31 Oct 2018 with Charge ID 100218939 was modified on 24 Dec 2020.
Charges
A charge registered on 24 Jun 2014 via Charge ID 10506020 with Sbi Global Factors Limited was fully satisfied on 15 Feb 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2,385.36 Lakh with Charge ID 100218939 was registered on 31 Oct 2018.
Charges
A charge with Sbi Global Factors Limited amounted to Rs. 270.00 Lakh with Charge ID 10506020 was registered on 24 Jun 2014.
Ceased
Vanapala Sasendra Kumar ceased to be Additional Director.
Ceased
Gagan Chadha ceased to be Director.
Appointed
Vanapala Sasendra Kumar was appointed as Director.
4 earlier events are in the company report.
Frequently asked questions
X2 Private Limited is an active private limited company based in Hyderabad, Telangana, India. The company works in mobile value-added services (vas), within the telecom industry. It was incorporated on 02 May 2005 (21+ years old) and is registered under CIN U72200TG2005PTC046071.
X2 Private Limited has 2 current directors:
- Suresh Kumar Uppalapati - Director
- Vanapala Sasendra Kumar - Director
The latest financial statements of X2 Private Limited on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 23 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of X2 Private Limited is 36AAJCS2423B1ZR, registered in Telangana. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of X2 Private Limited is U72200TG2005PTC046071. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
X2 Private Limited has 2 court cases on record: 1 filed by the company and 1 filed against it.
X2 Private Limited was incorporated on 02 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Hyderabad.
X2 Private Limited has 2 deals on record (2 acquisitions); the latest was in May 2012.
Suresh Kumar Uppalapati ceased to be Additional Director on 28 Sep 2022. Suresh Kumar Uppalapati was appointed as Director on 24 Feb 2022. Vanapala Venkam Raju ceased to be Director on 24 Feb 2022. X2 Private Limited has 9 board changes on record in total.
Yes, X2 Private Limited is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0008059).