Nivetti Systems Private Limited
Nivetti Systems Private Limited
INE0DIN01010
Incorporation Date: 18-Feb-2014
Listing Status: DRHP Not Filed
About Nivetti Systems Private Limited
Overview of Nivetti Systems Private Limited
Nivetti Systems is a specialized networking and cyber security company that provides trusted and secure communication systems for modern digital infrastructure. The company is notable for developing NiOS™, which is recognized as India's first indigenous Network Operating System. This operating system serves as the "brain" of their devices and is designed from the ground up for high security and scalability in both physical and virtualized environments.
Core Products
The company offers a comprehensive portfolio of hardware and software solutions:
- Routers: A range of models including the NRP-M, NRP-ME, NRP-4, NRP-6, NRP-12, and NSFR-M.
- Switches: Diverse switching options such as the NSP-8 (including Industrial versions), NSP-24 series (T, T3, F, MACSec, and 10G), and high-capacity NSP-48 and NSP-32 models supporting up to 100G.
- Cyber Security: Their flagship security product is NDR-HawkSecure™, a Zero-Trust Security platform that uses AI/ML-powered analytics to identify and mitigate threats without human intervention.
Target Customers and Sectors
Nivetti provides networking and security solutions to a variety of sectors requiring high-reliability infrastructure:
- Modern Businesses and Enterprises: Providing reliable connectivity services and secure campus networks.
- Telecommunications and 5G Providers: Supporting the next generation of hyperscale software-defined networks.
- Government and Municipalities: Implementing infrastructure for Smart Cities, Safe Cities, and large-scale surveillance networks.
- Data Centres: Offering secure solutions for shared network environments and disaggregated hardware/software setups.
Business Model and Operational Capacity
Nivetti’s business model revolves around the disaggregation of hardware and software, providing highly secure, cost-efficient solutions that reduce Total Cost of Ownership (TCO). As of March 31, 2025, Nivetti Systems employed 53 people and maintained a total asset base of approximately Rs. 97.54 Crore.
Management
The company is led by a team of experienced directors:
- Raghuveer Krishnamurthy Bangalore: Director & CEO
- Manish Bajpai: Director & COO
- Manjul Khandelwal: Director & CTO
Insights of Nivetti Systems Private Limited
Financial Snapshot
| Parameter (Rs. Crore) | FY 2023-24 | FY 2024-25 | Growth (%) |
|---|---|---|---|
| Net Revenue | 41.24 | 101.81 | +146.9% |
| Operating Profit (EBITDA) | 14.29 | 31.91 | +123.3% |
| Profit After Tax (PAT) | 2.98 | 20.30 | +581.2% |
| Total Equity | 23.92 | 64.22 | +168.5% |
| Cash and Bank Balances | 1.37 | 41.73 | +2,945.9% |
| Total Assets | 59.97 | 97.54 | +62.6% |
Positives
- Staggering Revenue and Profit Growth: The company recorded a massive 146.9% increase in revenue for FY 2024-25. More impressively, the Profit After Tax (PAT) surged by over 580%, jumping from Rs. 2.98 Crore to Rs. 20.30 Crore, indicating that the business is scaling with very high efficiency.
- Successful Deleveraging: Nivetti has effectively become a debt-free entity. Its Debt-to-Equity ratio dropped from 1.0 in 2024 to 0.0 in 2025. Long-term borrowings were slashed from Rs. 9.61 Crore to just Rs. 0.20 Crore during this period.
- Operational Efficiency Gains: The company significantly improved its inventory management, with Inventory-to-Sales days dropping from 156 to 43 days. This suggests a much faster product lifecycle and better demand forecasting.
- Profitability Margin Expansion: The Net Margin nearly tripled, growing from 7.2% in 2024 to 19.9% in 2025. This is nearly four times the industry median of 5.1%.
Negatives
- Sharp Increase in Employee Costs: As the company scales, its human capital costs have soared. Employee benefit expenses rose from Rs. 11.59 Crore in 2024 to Rs. 27.08 Crore in 2025. This includes the introduction of Rs. 2.19 Crore in managerial remuneration, which was zero in previous years.
- Working Capital Pressure in Receivables: While the Debtors/Sales days improved from 189 to 98 days, the company still lags behind the industry median of 70 days. This indicates that a significant portion of revenue is still tied up in unpaid invoices for over three months.
- High Related-Party Transactions: The gross value of transactions with related parties jumped significantly from Rs. 2.95 Crore to Rs. 20.49 Crore in 2025. This warrants close attention to ensure these transactions remain at arm's length.
Industry Overview
Based on the company’s strategic focus and industry data, the networking and cybersecurity landscape is defined by several key pillars:
- Disaggregation of Hardware and Software: The industry is moving toward software-defined networks that separate the operating system from the physical hardware, allowing for greater flexibility and scalability.
- Indigenous Technology and Trusted Communication: There is a critical emphasis on developing indigenous network operating systems (like NiOS™) that are built from the ground up to be secure and immune to global vulnerabilities found in traditional systems.
- Zero-Trust Security Platforms: Modern networks are shifting to Zero-Trust architectures that provide 360° monitoring of all "East-West" and "North-South" traffic to identify advanced persistent threats (APTs) and insider risks.
- AI/ML-Driven Automation: As cyber-threats evolve, the industry is adopting fully automated, closed-loop systems that use AI/ML cyber analytics to identify and mitigate attacks without human intervention.
- High-Reliability Infrastructure: The demand for these solutions is driven by the expansion of 5G networks, Smart Cities, and high-capacity Datacenters that require uninterrupted connectivity and robust security.
- Market Growth Dynamics: While the broader IT Consulting and Services segment has a median growth rate of 25.9%, specialized players in secure networking are experiencing much more rapid expansion.
Last Transaction and Valuation (as of March 2025)
The company completed a significant equity infusion in late March 2025, marking a major milestone in its growth trajectory.
| Metric | Detail |
|---|---|
| Latest Allotment Date | 27 March 2025 |
| Share Issue Price | Rs. 2,412 (Rs. 1 nominal + Rs. 2,411 premium) |
| Transaction Value | Rs. 14.14 Crore for the latest tranche |
| Total Share Count | 1,432,906 (1,204,405 Equity + 228,501 Preference) |
| Implied Valuation | Rs. 345.62 Crore |
Financial Charts of Nivetti Systems Private Limited
Balance Sheet of Nivetti Systems Private Limited
Profit and Loss of Nivetti Systems Private Limited
Ancillary of Nivetti Systems Private Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Nivetti Systems Private Limited
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How to buy Nivetti Systems Private Limited?
Below are three ways through which you can purchase Nivetti Systems Private Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Nivetti Systems Private Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Nivetti Systems Private Limited?
Below are three ways through which you can sell Nivetti Systems Private Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Nivetti Systems Private Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Nivetti Systems Private Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Nivetti Systems Private Limited is ₹2412 and your sell price for Nivetti Systems Private Limited is ₹2300. The price is based on our estimates and market conditions.
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What is the lock-in period of Nivetti Systems Private Limited?
The lock-in period for Nivetti Systems Private Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Nivetti Systems Private Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Nivetti Systems Private Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Nivetti Systems Private Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Nivetti Systems Private Limited. The price is also determined from the most recent funding round for Nivetti Systems Private Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Nivetti Systems Private Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Nivetti Systems Private Limited with us kindly click here.
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What are the financials of Nivetti Systems Private Limited?
The financials of Nivetti Systems Private Limited which includes the P/L of Nivetti Systems Private Limited and the Balance Sheet of Nivetti Systems Private Limited is in the financials section (Click on link).
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Where can I find the annual report of Nivetti Systems Private Limited?
The annual report of Nivetti Systems Private Limited is available in the annual report section (Click on link).
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Is buying Nivetti Systems Private Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Nivetti Systems Private Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Nivetti Systems Private Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Nivetti Systems Private Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Nivetti Systems Private Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Nivetti Systems Private Limited from its platform?
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