Net Connect Private Limited

IT services and solutions for various industries with multiple support locations.

1997 | Bangaluru, Karnataka (India) | Active
Last Updated: October 23, 2024

Net Connect Profile

Key Indicators

  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.80 Cr
  • Company Age 27 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 22.38 Cr
  • Satisfied Charges ₹ 8.00 Cr
  • Revenue Growth 47.54%
  • Profit Growth 30.54%
  • Ebitda 3.56%
  • Net Worth 3.89%
  • Total Assets 12.79%

About Net Connect

Net Connect Private Limited (NCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 February 1997 and has a history of 27 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Business Outsourcing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.80 Cr.

The company currently has active open charges totaling ₹22.38 Cr. The company has closed loans amounting to ₹8.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anil Bisht and Sunil Bist serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U32202KA1997PTC021881

  • Company No.

    021881

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Feb 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Business Outsourcing
Information Technology

Who are the key members and board of directors at Net Connect?

Board Members (2)

NameDesignationAppointment DateStatus
Anil Bisht Country flag representing In Director 27-Feb-1997Current
Sunil Bist Country flag representing In Director 27-Feb-1997Current

Financial Performance of Net Connect.

Net Connect Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 47.54% increase. The company also saw a substantial improvement in profitability, with a 30.54% increase in profit. The company's net worth moved up by a moderate rise of 3.89%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
47.54%
Revenue from Operations
47.10%
Total Assets
12.79%
Profit or Loss
30.54%
Net Worth
3.89%
EBITDA
3.56%

What is the Ownership and Shareholding Structure of Net Connect?

In 2023, Net Connect had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹22.38 Cr

Satisfied Charges

₹8.00 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 14.38 Cr
  • Citi Bank N.A. : 8.00 Cr

Latest Charge Details

DateLenderAmountStatus
14 Oct 2022Hdfc Bank Limited₹14.00 CrOpen
10 Aug 2022Hdfc Bank Limited₹3.77 MOpen
25 May 2016Citi Bank N.A.₹8.00 CrOpen
16 Jun 2014Kotak Mahindra Bank Limited₹6.50 CrSatisfied
17 Feb 20103I Infotech Trusteeship Services Limited₹1.50 CrSatisfied

How Many Employees Work at Net Connect?

Net Connect has a workforce of 2118 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Net Connect, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Net Connect's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Net Connect

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 14.00 Cr registered on 14 Oct 2022 with Charge ID 100625123 was modified on 27 Jun 2024.

    27 Jun 2024

  • Charges

    A charge with Citi Bank N.A. of Rs. 8.00 Cr registered on 25 May 2016 with Charge ID 100067118 was modified on 07 Nov 2023.

    07 Nov 2023

  • Annual General Meeting

    Net Connect Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Net Connect Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 14.00 Cr with Charge ID 100625123 was registered on 14 Oct 2022.

    14 Oct 2022

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.38 Cr with Charge ID 100627438 was registered on 10 Aug 2022.

    10 Aug 2022

Frequently asked questions

  • Net Connect Private Limited was incorporated on 27 Feb 1997.

  • The authorized share capital of Net Connect Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.80 Cr.

  • Currently 2 directors are associated with Net Connect Private Limited.

    • Anil Bisht
    • Sunil Bist
  • As per Ministry of Corporate Affairs (Mca), the registered address of Net Connect Private Limited is Wework Salarpuria Symbiosis Arekere Village Begur Bannerghatta Main Road Uttarahalli Hobli India, Bengaluru, Karnataka, 560076.

  • The corporate identification number (CIN) of Net Connect Private Limited is U32202KA1997PTC021881 and the company number is 021881 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Net Connect Private Limited is https://www.netconnectglobal.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Net Connect Private Limited has risen by 47.54%.

  • As Per 2023 financial reports, 2118 employees are currently employed by Net Connect Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Net Connect Private Limited has experienced an upsurge of 3.89%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Net Connect Private Limited amount to ₹ 22.38 Cr.

  • The most recent Balance Sheet for Net Connect Private Limited was filed with the ROC on 31 Mar 2023.