Siti Networks Limited

Provides cable TV and broadband services to customers across India with a large network and subscriber base.

2006 | Mumbai, Maharashtra (India) | Under Insolvency
Last Updated:

Siti Networks Profile

Key Indicators

  • Authorised Capital ₹ 130.00 Cr
  • Paid Up Capital ₹ 87.21 Cr
  • Company Age 18 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 2,214.02 Cr
  • Satisfied Charges ₹ 1,640.25 Cr
  • Revenue Growth -15.75%
  • Profit Growth -12.73%
  • Ebitda -49.48%
  • Net Worth -64.64%
  • Total Assets -12.07%

About Siti Networks

Siti Networks Limited (SNL) is Under Cirp company established on 24 Mar 2006 with its office registered at Mumbai, Maharashtra, India and has been running since 18 Year, 11 Months with a paid up capital of 87.21 Cr. According to MCA records, 4 Directors and 2 Signatories are linked to this company as of 17 Jan 2025.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    sitinetworks.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L64200MH2006PLC160733

  • Company No.

    160733

  • Stock Symbol

    BSE : 532795 NSE : SITINET

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Mar 2006

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Media and Publishing

Who are the key members and board of directors at Siti Networks?

Executive Team (2)

NameDesignationAppointment DateStatus
Suresh Kumar Country flag representing In Company Secretary28-Sep-2010Current
Yogesh Sharma CEO01-Jan-2022Current

Board Members (4)

NameDesignationAppointment DateStatus
Suresh Arora Country flag representing In Whole-Time Director 29-Mar-2019Current
Amitabh Kumar Country flag representing In Director 30-Dec-2019Current
Kavita Kapahi Country flag representing In Director 31-Mar-2015Current
Shilpi Asthana Country flag representing In Director 27-Dec-2021Current

Financial Performance of Siti Networks.

Siti Networks Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 15.75% decrease. The company also saw a substantial fall in profitability, with a 12.73% decrease in profit. The company's net worth observed a substantial decline by a decrease of 64.64%.

Siti Networks revenue growth over time
Siti Networks 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
-15.75%
Revenue from Operations
-15.89%
Total Assets
-12.07%
Profit or Loss
-12.73%
Net Worth
-64.64%
EBITDA
-49.48%

What is the Ownership and Shareholding Structure of Siti Networks?

In 2022, Siti Networks had a promoter holding of 6.10% and a public holding of 93.88%. The company had 24 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,214.02 Cr

Satisfied Charges

₹1,640.25 Cr

Charges Breakdown by Lending Institutions

  • Others : 921.90 Cr
  • Axis Bank Limited : 600.00 Cr
  • Idbi Bank Limited : 440.00 Cr
  • Standard Chartered Bank : 252.12 Cr

Latest Charge Details

DateLenderAmountStatus
26 Feb 2020Others₹5.00 CrOpen
26 Feb 2020Others₹5.00 CrOpen
24 Sep 2019Others₹1.90 CrOpen
30 Mar 2019Axis Bank Limited₹175.00 CrOpen
24 Aug 2018Others₹400.00 CrOpen

How Many Employees Work at Siti Networks?

Siti Networks has a workforce of 197 employees as of Oct 23, 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.

Employee growth trends for Siti Networks Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Siti Networks, 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 Siti Networks'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 Siti Networks

Recent activity within the organization

  • Annual General Meeting

    Siti Networks Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Siti Networks Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Others of Rs. 200.00 Cr registered on 05 Jan 2017 with Charge ID 100071114 was modified on 24 Jan 2023.

  • Director Appointment

    Yogesh Sharma was appointed as a Ceo was appointed as a Ceo on 01 Jan 2022 & has been associated with this company since 3 years 2 months .

  • Director Appointment

    Shilpi Asthana was appointed as a Director was appointed as a Director on 27 Dec 2021 & has been associated with this company since 3 years 2 months .

  • Charges

    A charge registered on 29 Dec 2014 via Charge ID 10543010 with Ing Vysya Bank Limited was fully satisfied on 06 May 2021.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Siti Networks Limited?

    Siti Networks Limited was incorporated on 24 Mar 2006.

  • What is authorized share capital and paid-up capital of Siti Networks Limited?

    The authorized share capital of Siti Networks Limited is ₹ 130.00 Cr and paid-up capital is ₹ 87.21 Cr.

  • Who are the current board members & directors of Siti Networks Limited?

    Currently 6 directors are associated with Siti Networks Limited.

    • Amitabh Kumar
    • Suresh Arora
    • Kavita Anand Kapahi
    • Shilpi Asthana
    • Suresh Kumar
    • Yogesh Sharma

  • What is the registered address of Siti Networks Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Siti Networks Limited is Unit No. 38 1St Floor A Wing Madhu Industrial Estate P.B. Mar G, Worli India, Mumbai, Maharashtra, 400013.

  • What is the corporate identification number (CIN) and company number of Siti Networks Limited?

    The corporate identification number (CIN) of Siti Networks Limited is L64200MH2006PLC160733 and the company number is 160733 as per Ministry of Corporate Affairs (MCA).

  • Is Siti Networks Limited registered with any stock exchange in India?

    Yes, Siti Networks Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SITINET.

  • What is the official website of Siti Networks Limited?

    The Official website of Siti Networks Limited is https://www.sitinetworks.com

  • What has been the recent revenue trend for Siti Networks Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Siti Networks Limited has fallen by -15.75%.

  • How many employees does Siti Networks Limited currently have?

    As Per 2022 financial reports, 197 employees are currently employed by Siti Networks Limited.

  • What change has been observed in the net worth of Siti Networks Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Siti Networks Limited has experienced an downturn of -64.64%.

  • What are the total open charges for Siti Networks Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Siti Networks Limited amount to ₹ 2,214.02 Cr.

  • When was the last Balance Sheet of Siti Networks Limited filed with the ROC?

    The most recent Balance Sheet for Siti Networks Limited was filed with the ROC on 31 Mar 2023.

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