Innovative Concept Labs (India) Private Limited
About Innovative Concept Labs (India) Private Limited
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Innovative Concept Labs (India) Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the consultancy services segment of the technology and IT services sector. It was incorporated on 15 May 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U72211KA2006PTC039507. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It was led by directors Ashwini Sathyanarayana Adiga and Girisha Janardhan Kundapur.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No 516 3rd Stage Beml Layout Rajarajeshwari Nagar, Bangalore, Karnataka, India – 560098.
As per the financials filed for FY 2018, the company reported a revenue of ₹16,162, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹1.38 Lakh and EBITDA of -₹20,330 (EBITDA margin -125.8%). Revenue has declined at a compounded annual rate (CAGR) of 79% over three years.
Company details
Contact details
Innovative Concept Labs (India) Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 516 3rd Stage Beml Layout Rajarajeshwari Nagar, Bangalore, Karnataka, India – 560098
- IndustryInformation Technology, Consultancy, Computer Programming
To see the full contact details of Innovative Concept Labs (India) 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
Business activity
The main business activity of Innovative Concept Labs (India) is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Innovative Concept Labs (India) Private Limited, buy the company report.
Financials of Innovative Concept Labs (India) Private Limited
FY 2018 filings availableInnovative Concept Labs (India) Private Limited reported revenue of ₹16,162 (up 36% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 36% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 79%. EBITDA rose 65% 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
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| EBITDA | -₹20,330 | |||
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| Net Profit (PAT) | -₹1.38 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | -125.8% | |||
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To see the full financial statements and ratios of Innovative Concept Labs (India) Private Limited, buy the company report.
Board of directors of Innovative Concept Labs (India) Private Limited
Innovative Concept Labs (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwini Sathyanarayana Adiga | Director | 15 May 2006 | 20 Years 5 Months | As last reported |
| Girisha Janardhan Kundapur | Director | 09 Jan 2017 | 9 Years 10 Months | As last reported |
Peer comparison
Innovative Concept Labs (India) Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Limentech Consultants Private Limited | ₹16,319 (FY 2018) | -42.0% | Ulhasnagar, Maharashtra, India | |||
| Ablesoft India Private Limited | ₹16,271 (FY 2024) | Bangalore, Karnataka, India | ||||
| Sloriya Technology Private Limited | ₹16,237 (FY 2025) | Pratapgarh, Uttar Pradesh, India | ||||
| Fervour Infosystem Private Limited | ₹16,180 (FY 2025) | -93.0% | Aligarh, Uttar Pradesh, India | |||
| Clarus Business Solutions Private Limited | ₹16,165 (FY 2022) | -54.0% | Bangalore, Karnataka, India | |||
| Innovative Concept Labs (India) Private Limitedthis company | ₹16,162 (FY 2018) | -₹1.38 Lakh | 36.0% | Bangalore, Karnataka, India | ||
| Glimpse Five Solutions Private Limited | ₹16,159 (FY 2025) | -99.0% | Pune, Maharashtra, India | |||
| Ekmatra Engineering & Services Private Limited | ₹16,078 (FY 2025) | -16.0% | Uttar Pradesh, India | |||
| Tranquil Celeste Consumer Technology Private Limited | ₹16,018 (FY 2025) | 781.0% | Chennai, Tamil Nadu, India | |||
| Vevan Technologies Private Limited | ₹16,002 (FY 2020) | -41.0% | Vijayawada, Andhra Pradesh, India |
To see the full peer comparison of Innovative Concept Labs (India) Private Limited, buy the company report.
Auditor
Innovative Concept Labs (India) Private Limited is audited by ADITHYA AND VISHWAS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITHYA AND VISHWAS | FY 2017 | 008943S |
Shareholding
The shareholding of Innovative Concept Labs (India) Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
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| Others |
To see the full shareholding pattern of Innovative Concept Labs (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovative Concept Labs (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Innovative Concept Labs (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Concept Labs (India) 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 Innovative Concept Labs (India) Private Limited, buy the company report.
Recent activity
Innovative Concept Labs (India) Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Manaswini Goutham ceased to be Director on 15 Feb 2019.
Frequently asked questions
Innovative Concept Labs (India) has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Innovative Concept Labs (India) was a private limited company based in Bangalore, Karnataka, India. The company worked in consultancy, within the information technology industry. It was incorporated on 15 May 2006 and is registered under CIN U72211KA2006PTC039507. The company has been struck off by the Registrar of Companies and is no longer operational.
Innovative Concept Labs (India) had 2 directors:
- Ashwini Sathyanarayana Adiga - Director
- Girisha Janardhan Kundapur - Director
The CIN (Corporate Identification Number) of Innovative Concept Labs (India) is U72211KA2006PTC039507. 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 Innovative Concept Labs (India) is at No 516 3rd Stage Beml Layout Rajarajeshwari Nagar, Bangalore, Karnataka, India – 560098.
Innovative Concept Labs (India) was incorporated on 15 May 2006. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Innovative Concept Labs (India) on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Innovative Concept Labs (India) has 1 GST registration on record and it is cancelled or inactive.
Innovative Concept Labs (India) operated in the information technology industry, in the consultancy segment. It worked in this industry before it was struck off.
The peers of Innovative Concept Labs (India) by revenue are Limentech Consultants Private Limited, Ablesoft India Private Limited, Sloriya Technology Private Limited, Fervour Infosystem Private Limited, Clarus Business Solutions Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Manaswini Goutham ceased to be Director on 15 Feb 2019. Kashi Subramanya Ramaswamy Saastri Seshadri ceased to be Director on 17 May 2018. Girisha Janardhan Kundapur ceased to be Additional Director on 26 Sep 2017. Innovative Concept Labs (India) has 5 board changes on record in total.
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