Innovsource Services Profile
Key Indicators
- Authorised Capital ₹ 119.00 Cr
- Paid Up Capital ₹ 115.33 Cr
- Company Age 8 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 135.00 Cr
- Revenue Growth 14.50%
- Profit Growth -76.27%
- Ebitda 9.26%
- Net Worth 3.10%
- Total Assets 9.20%
About Innovsource Services
Innovsource Services Private Limited (ISPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 March 2016 (Eight years and 11 months 28 days old ). Its registered office is in Mumbai, Maharashtra, 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 119.00 Cr and a paid-up capital of Rs 115.33 Cr.
The company currently has active open charges totaling ₹135.00 Cr.
The Key Managerial Personnel (KMP) at Innovsource Services Private Limited India are Sudhakar Balakrishnan as CEO and Amit Chitale as Cfo. Sudhakar Balakrishnan, Srinivasan Satish, and Nilay Pratik serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74900MH2016PTC273940
- Company No.
273940
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Mar 2016
- Date of AGM
07 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Business Outsourcing
What products or services does Innovsource Services Private Limited offer?
Innovsource Services Private Limited offers a wide range of products and services, including GPS and Navigation Devices, Car & Vehicle GPS Devices.
Who are the key members and board of directors at Innovsource Services?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sudhakar Balakrishnan | CEO | Current | |
| Amit Chitale | CFO | 05-Jul-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srinivasan Satish  | Additional Director | 15-Oct-2024 | Current |
| Nilay Pratik | Nominee Director | 28-Jun-2018 | Current |
| Sudhakar Balakrishnan | Director | 29-Aug-2018 | Current |
Financial Performance of Innovsource Services.
Innovsource Services Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 14.5% increase. The company also saw a substantial fall in profitability, with a 76.27% decrease in profit. The company's net worth moved up by a moderate rise of 3.1%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Innovsource Services?
In 2023, Innovsource Services had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mombay Retail Private LimitedNilay Pratik is a mutual person
Rlabs Enterprise Services LimitedSudhakar Balakrishnan and Nilay Pratik are mutual person
Firstmeridian Business Services LimitedSudhakar Balakrishnan, Nilay Pratik and 1 more are mutual person
Paradise Food Court Private LimitedNilay Pratik is a mutual person
Edme Insurance Brokers LimitedNilay Pratik is a mutual person
Charges (Loans)
Open Charges
₹135.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 100.00 Cr
- Others : 35.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2021 | Others | ₹35.00 Cr | Open |
| 16 Mar 2019 | Standard Chartered Bank | ₹100.00 Cr | Open |
How Many Employees Work at Innovsource Services?
Innovsource Services has a workforce of 66976 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Innovsource Services, 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 Innovsource Services's trajectory.
Rating
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
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 Innovsource Services
Recent activity within the organization
- Director Appointment
Srinivasan Satish was appointed as a Additional Director was appointed as a Additional Director on 15 Oct 2024 & has been associated with this company since 4 months 19 days .
- Charges
A charge with Others of Rs. 35.00 Cr registered on 27 Aug 2021 with Charge ID 100480158 was modified on 19 Jun 2024.
- Charges
A charge with Standard Chartered Bank of Rs. 100.00 Cr registered on 16 Mar 2019 with Charge ID 100253126 was modified on 05 Jan 2024.
- Annual General Meeting
Innovsource Services Private Limited last Annual general meeting of members was held on 07 Aug 2023 as per latest MCA records.
- Balance Sheet
Innovsource Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Director Appointment
Amit Shridhar Chitale was appointed as a Cfo was appointed as a Cfo on 05 Jul 2022 & has been associated with this company since 2 years 7 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Innovsource Services Private Limited?
Innovsource Services Private Limited was incorporated on 06 Mar 2016.
What is authorized share capital and paid-up capital of Innovsource Services Private Limited?
The authorized share capital of Innovsource Services Private Limited is ₹ 119.00 Cr and paid-up capital is ₹ 115.33 Cr.
Who are the current board members & directors of Innovsource Services Private Limited?
Currently 5 directors are associated with Innovsource Services Private Limited.
- Sudhakar Balakrishnan
- Srinivasan Satish
- Nilay Pratik
- Sudhakar Balakrishnan
- Amit Shridhar Chitale
What is the registered address of Innovsource Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Innovsource Services Private Limited is 401 4Th Flr Om Sadan Mehra Estate Opp Union Bank Of India Lbs Road Vikroli, Mumbai, Maharashtra, 400079.
What is the corporate identification number (CIN) and company number of Innovsource Services Private Limited?
The corporate identification number (CIN) of Innovsource Services Private Limited is U74900MH2016PTC273940 and the company number is 273940 as per Ministry of Corporate Affairs (MCA).
What is the official website of Innovsource Services Private Limited?
The Official website of Innovsource Services Private Limited is https://www.innov.in
What has been the recent revenue trend for Innovsource Services Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Innovsource Services Private Limited has risen by 14.50%.
How many employees does Innovsource Services Private Limited currently have?
As Per 2023 financial reports, 66976 employees are currently employed by Innovsource Services Private Limited.
What change has been observed in the net worth of Innovsource Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Innovsource Services Private Limited has experienced an upsurge of 3.10%.
What are the total open charges for Innovsource Services Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Innovsource Services Private Limited amount to ₹ 135.00 Cr.
When was the last Balance Sheet of Innovsource Services Private Limited filed with the ROC?
The most recent Balance Sheet for Innovsource Services Private Limited was filed with the ROC on 31 Mar 2023.
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