Innoveer Solutions India Private Limited
About Innoveer Solutions India Private Limited
Data last updated:
Innoveer Solutions India Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Accenture Solutions Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the consultancy services segment of the technology and IT services sector. It was incorporated on 31 January 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72300MH2007PTC167431. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41 Lakh. It was led by directors Jayant Swamy and Sailaja Bhagavatula.
Its last annual general meeting (AGM) was held on 26 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹47,976, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.21 Lakh (net margin -251.9%) and EBITDA of -₹76,036 (EBITDA margin -158.5%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years.
Company details
Contact details
Innoveer Solutions India Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressPiramal Tower Cs No 265 & 266 Ganpatrao Kadam Marg Off. Senapati Bapat Marg Lower Pa, Rel, Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, Consultancy, Computer Programming
- 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 Innoveer Solutions India Private Limited
FY 2019 filings availableInnoveer Solutions India Private Limited reported revenue of ₹47,976 (down 24% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 92% over three years, including a 24% fall in the latest year. EBITDA rose 15% 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 | -₹76,036 | ||||
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| Net Profit (PAT) | -₹1.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | -158.5% | ||||
| Net Profit Margin | -251.9% | ||||
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To see the full financial statements and ratios of Innoveer Solutions India Private Limited, buy the company report.
Board of directors of Innoveer Solutions India Private Limited
Innoveer Solutions India has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayant Swamy | Director | 28 Jan 2016 | 10 Years 9 Months | As last reported |
| Sailaja Bhagavatula | Director | 28 Jan 2016 | 10 Years 9 Months | As last reported |
Legal cases
No court or tribunal cases involving Innoveer Solutions 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 Innoveer Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innoveer Solutions 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 Innoveer Solutions India Private Limited, buy the company report.
Recent activity
Innoveer Solutions India Private Limited has 15 board changes on record since 2008: 2 appointments and 13 cessations. The latest: David Alan Northington ceased to be Director on 30 Nov 2016.
6 earlier events are in the company report.
Frequently asked questions
Innoveer Solutions India 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.
Innoveer Solutions India was a private limited company based in Mumbai, Maharashtra, India. The company worked in consultancy, within the information technology industry. It was incorporated on 31 January 2007 and is registered under CIN U72300MH2007PTC167431. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Innoveer Solutions India was incorporated on 31 January 2007. It is registered with the Registrar of Companies, Mumbai.
Innoveer Solutions India had 2 directors:
- Jayant Swamy - Director
- Sailaja Bhagavatula - Director
The CIN (Corporate Identification Number) of Innoveer Solutions India is U72300MH2007PTC167431. 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 Innoveer Solutions India is at Piramal Tower Cs No 265 & 266 Ganpatrao Kadam Marg Off. Senapati Bapat Marg Lower Pa, Rel, Mumbai, Maharashtra, India – 400013.
The latest financial statements of Innoveer Solutions India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 26 August 2019. Year-wise statements from 2015 are in the company report.
No. Innoveer Solutions India has 1 GST registration on record and it is cancelled or inactive.
Innoveer Solutions India operated in the information technology industry, in the consultancy segment.
David Alan Northington ceased to be Director on 30 Nov 2016. Jayant Swamy ceased to be Additional Director on 22 Sep 2016. Sailaja Bhagavatula ceased to be Additional Director on 22 Sep 2016. Innoveer Solutions India has 15 board changes on record in total.
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