Innovsource Services Profile
Key Indicators
- Authorised Capital ₹ 119.00 Cr
as on 23-10-2024
- Paid Up Capital ₹ 115.33 Cr
as on 23-10-2024
- Company Age 8 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 135.00 Cr
as on 23-10-2024
- Revenue 14.50%
(FY 2023)
- Profit -76.27%
(FY 2023)
- Ebitda 9.26%
(FY 2023)
- Net Worth 3.10%
(FY 2023)
- Total Assets 9.20%
(FY 2023)
About Innovsource Services
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.
- 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
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
- Social Media
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)
Rlabs Enterprise Services LimitedActive 11 years 10 monthsSudhakar Balakrishnan and Nilay Pratik are mutual person
Firstmeridian Business Services LimitedActive 6 years 11 monthsSudhakar Balakrishnan, Nilay Pratik and 1 more are mutual person
Innovsource Facilities Private LimitedActive 7 years 10 monthsSudhakar Balakrishnan, Srinivasan Satish and 1 more are mutual person
Charges (Loans)
₹135.00 Cr
₹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.
