108 Innovative Technologies Private Limited
About 108 Innovative Technologies Private Limited
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108 Innovative Technologies Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 12 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2015PTC275287. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹22.49 Lakh. It was formerly known as Akridab Technologies Private Limited. It is led by directors including Vaibhav Bhalla and Adhiraj Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2 Shambu Dayal Marg Bahapur, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2017, the company reported a revenue of ₹55.57 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹44.75 Lakh (net margin -80.5%) and EBITDA of -₹46.79 Lakh (EBITDA margin -84.2%).
Its group structure includes 2 subsidiaries.
Court records list 3 cases involving the company, including 3 filed by the company. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹97.5 Lakh; the latest was in October 2016.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
108 Innovative Technologies Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 Shambu Dayal Marg Bahapur, New Delhi, Delhi, India – 110020
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of 108 Innovative Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of 108 Innovative Technologies Private Limited
FY 2024 filings available108 Innovative Technologies Private Limited reported revenue of ₹55.57 Lakh (up 164% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 164% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹55.57 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹46.79 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹44.75 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -84.2% | ||
| Net Profit Margin | -80.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
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| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of 108 Innovative Technologies Private Limited, buy the company report.
Board of directors of 108 Innovative Technologies Private Limited
108 Innovative Technologies has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhav Bhalla | Director | 06 Feb 2015 | 11 Years 8 Months | Current |
| Adhiraj Singh Also directs: Gestu Tech Private Limited, Akridab Advisory Services LLP | Director | 12 Jan 2015 | 11 Years 9 Months | Current |
| Prateek Malhotra | Director | 30 Aug 2018 | 8 Years 1 Months | Current |
Auditor
108 Innovative Technologies Private Limited is audited by V K BAJAJ & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K BAJAJ & CO | FY 2017 | 002926N |
Shareholding
The shareholding of 108 Innovative Technologies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of 108 Innovative Technologies Private Limited, buy the company report.
Deals & funding
108 Innovative Technologies Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹97.5 Lakh; the latest was in October 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Funding round | ₹57.5 Lakh | Investors: 4 individuals |
| Sep 2016 | Funding round | ₹15 Lakh | Investors: an individual |
| Aug 2016 | Funding round | ₹25 Lakh | Investors: an individual |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of 108 Innovative Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
108 Innovative Technologies Private Limited has 3 court cases on record: 3 filed by 108 Innovative Technologies. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Kartikeya Properties Private Limited | Disposed |
| District court, Central, Delhi | Criminal case | Filed by the company against Prospitious Consulting Services Pvt Ltd and Ors | Disposed |
| District court, Central, Delhi | Criminal case | Filed by the company against Prospitious Consulting Services Pvt Ltd and Anr | Disposed |
To see the full case history of 108 Innovative Technologies Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for 108 Innovative Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
108 Innovative Technologies has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gestu Tech Private Limited | U52590DL2011PTC223015 | |
| Gestu Tech Private Limited | U52590DL2011PTC223015 |
To see the full group structure of 108 Innovative Technologies Private Limited, buy the company report.
GST
108 Innovative Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of 108 Innovative Technologies Private Limited, buy the company report.
Recent activity
108 Innovative Technologies Private Limited has 7 board changes on record since 2015: 5 appointments and 2 cessations. The latest: Prateek Malhotra was appointed as Director on 30 Aug 2018.
Frequently asked questions
108 Innovative Technologies is an active private limited company based in New Delhi, Delhi, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 12 January 2015 (11+ years old) and is registered under CIN U72300DL2015PTC275287.
108 Innovative Technologies has 3 current directors:
- Vaibhav Bhalla - Director
- Adhiraj Singh - Director
- Prateek Malhotra - Director
The latest financial statements of 108 Innovative Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. 108 Innovative Technologies has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of 108 Innovative Technologies is U72300DL2015PTC275287. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
108 Innovative Technologies has 3 court cases on record: 3 filed by the company. Most are in the district courts.
108 Innovative Technologies was incorporated on 12 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
108 Innovative Technologies has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹97.5 Lakh; the latest was in October 2016.
Prateek Malhotra was appointed as Director on 30 Aug 2018. Manorma Singh ceased to be Director on 28 Mar 2017. Kabir Rikhy ceased to be Director on 04 Aug 2015. 108 Innovative Technologies has 7 board changes on record in total.
The registered office of 108 Innovative Technologies is at 2 Shambu Dayal Marg Bahapur, New Delhi, Delhi, India – 110020.