About Innotion Technologies Private Limited
Data last updated:
Innotion Technologies Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 21 February 2011.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2011PTC214494. Its GSTIN is 09AACCI5648D1ZK (Uttar Pradesh).
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹5.21 Lakh. It was led by directors including Saras Agarwal and Sanjay Jain.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 16/44 Second Floor, Subhash Nagar India, New Delhi, Delhi, India – 110027.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.06 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹90.67 Lakh (net margin -15%) and EBITDA of -₹77.8 Lakh (EBITDA margin -12.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 11% over five years.
The company had about 48 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 2 brands: MyMobiforce and Hopefloats Technologies. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹15.14 Cr; the latest was in October 2022. Its 10 peer companies in the Information Technology industry (Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Optimworks Technologies Private Limited with revenue of ₹6.08 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 11 overdue payments to 5 micro and small suppliers.
The last known website on record is hopefloatstechnologies.com.
- EmailLocked
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- Website
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- Registered Address16/44 Second Floor, Subhash Nagar India, New Delhi, Delhi, India – 110027
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Innotion Technologies Private Limited
The main business activity of Innotion Technologies is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Innotion Technologies Private Limited FY 2022 filings available
Innotion Technologies Private Limited reported revenue of ₹6.06 Cr (down 64% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Innotion Technologies Private Limited
Revenue fell 64% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 11% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Innotion Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹6.06 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹77.8 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹90.67 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 of Innotion Technologies Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -15% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Innotion Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Innotion Technologies Private Limited
Innotion Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Optimworks Technologies Private Limited | ₹6.08 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Hyderabad, Telangana, India |
| Fulfillment Software Private Limited | ₹6.07 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Ernakulam, Kerala, India |
| Mplify Tech Services Private Limited | ₹6.06 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Gandhinagar, Gujarat, India |
| Ascendia Technology Solutions (India) Private Limited | ₹6.06 Cr (FY 2016) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Veniso Solutions Private Limited | ₹6.06 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Hyderabad, Telangana, India |
| Innotion Technologies Private Limited this company | ₹6.06 Cr (FY 2022) | •••• | •••• | -64.0% | •••• | New Delhi, Delhi, India |
| Amazon IT Services (India) Private Limited | ₹6.04 Cr (FY 2018) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Rasilant Technologies Private Limited | ₹6.04 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Hrmantra Software Private Limited | ₹6.02 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| Codesket Private Limited | ₹6.01 Cr (FY 2025) | •••• | •••• | 139.0% | •••• | Surat, Gujarat, India |
| Tactful Systems Private Limited | ₹6.01 Cr (FY 2022) | •••• | •••• | 156.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Innotion Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Innotion Technologies Private Limited
Innotion Technologies Private Limited is audited by VIJAY K. BHALLA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY K. BHALLA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Innotion Technologies Private Limited
Innotion Technologies has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saras Agarwal Also directs: Navora Wellness Private Limited | Director | 29 Jun 2021 | 5 Years 3 Months | As last reported |
| Sanjay Jain | Director | 29 Jun 2021 | 5 Years 3 Months | As last reported |
| Kshitiz Saini Also directs: Hopefloats Technologies Private Limited | Director | 21 Feb 2011 | 15 Years 7 Months | As last reported |
| Himanshu Kumar Also directs: Hopefloats Technologies Private Limited | Director | 29 Jul 2015 | 11 Years 2 Months | As last reported |
| Dheeraj Khatter Also directs: Hopefloats Technologies Private Limited | Director | 21 Feb 2011 | 15 Years 7 Months | As last reported |
Ownership and Shareholding of Innotion Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innotion Technologies Private Limited
Innotion Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Innotion Technologies Private Limited
Innotion Technologies Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹15.14 Cr; the latest was in October 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Funding round · Series A | ₹10.37 Cr | Investors: Bharat Inclusion Seed Fund, NTH Degree Solutions LLP , Acsys Investments, an individual |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| Jun 2017 | Funding round · Seed | ₹30 Lakh | Investors: an individual |
| Dec 2016 | Funding round | ₹40 Lakh | Investors: an individual |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Innotion Technologies Private Limited
Innotion Technologies Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 11 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Skylight Teleservices Private Limited | •••• | •••• | •••• |
| Verveland Technologies Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Millennium I-Sys Solutions Private Limited | •••• | •••• | •••• |
| Vijay K Bhalla & Co | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Innotion Technologies Private Limited
Innotion Technologies operates two associated brands: MyMobiforce and Hopefloats Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of field service management platform connecting enterprises with gig workforce | mymobiforce.com | |
| Networking services are delivered to clients across various sectors. | hopefloatstechnologies.com |
Employees and EPFO Compliance at Innotion Technologies Private Limited
Innotion Technologies Private Limited has a workforce of 48 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Innotion Technologies Private Limited
Innotion Technologies has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hopefloats Technologies Private Limited | U72900DL2017PTC386298 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Innotion Technologies Private Limited
Innotion Technologies Private Limited has 9 board changes on record since 2011: 5 appointments and 4 cessations. The latest: Sanjiv Mital ceased to be Director on 20 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts for Innotion Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innotion Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Innotion Technologies Private Limited
Innotion Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCI5648D1ZK | Uttar Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innotion Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innotion Technologies Private Limited
Innotion Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Innotion Technologies was a private limited company based in New Delhi, Delhi, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 21 February 2011 and is registered under CIN U72900DL2011PTC214494. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Innotion Technologies was incorporated on 21 February 2011. It is registered with the Registrar of Companies, Delhi.
Innotion Technologies had 5 directors:
- Saras Agarwal - Director
- Sanjay Jain - Director
- Kshitiz Saini - Director
- Himanshu Kumar - Director
- Dheeraj Khatter - Director
The CIN (Corporate Identification Number) of Innotion Technologies is U72900DL2011PTC214494. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Innotion Technologies is at 1644 Second Floor, Subhash Nagar India, New Delhi, Delhi, India – 110027.
Innotion Technologies can be reached through the website hopefloatstechnologies.com. Its registered office is in New Delhi, Delhi, India.
Innotion Technologies reported revenue of ₹6.06 Cr for FY 2022 (down 64% YoY).
Innotion Technologies has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹5.21 Lakh.
Innotion Technologies reported a net loss of ₹90.67 Lakh (net margin -15%) and EBITDA of -₹77.8 Lakh (EBITDA margin -12.8%) for FY 2022, as per its filed financial statements.
The GSTIN of Innotion Technologies is 09AACCI5648D1ZK, registered in Uttar Pradesh.
Innotion Technologies operated in the information technology industry, in the software development and support services segment.