About Innoversant Solutions Private Limited
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Innoversant Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 20 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PTC044744. Its GSTIN is 29AABCI7944K1Z1 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Narendra Kumar Sarawgi and Siddharth Sarawgi.
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 E – 1107 Jacarranda Block Brigade Millenium Jp Nagar 7th Phase Puttenahalli, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2021, the company reported a revenue of ₹7.5 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹2.34 Lakh (net margin -31.2%) and EBITDA of -₹4.98 Lakh (EBITDA margin -66.4%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 41% over five years.
The company is associated with 1 brand: Innoversant Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innoversant.com.
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- Website
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- Registered AddressE – 1107 Jacarranda Block Brigade Millenium Jp Nagar 7th Phase Puttenahalli, Bangalore, Karnataka, India – 560078
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
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Financials of Innoversant Solutions Private Limited FY 2024 filings available
Innoversant Solutions Private Limited reported revenue of ₹7.5 Lakh (down 85% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Innoversant Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 85% fall 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 Innoversant Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹7.5 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.34 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 Innoversant Solutions Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -66.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -31.2% | •••• | •••• | •••• | •••• |
| 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 Innoversant Solutions 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.
Auditor Details of Innoversant Solutions Private Limited
Innoversant Solutions Private Limited is audited by VIVEK SHANTILAL JAIN & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIVEK SHANTILAL JAIN & 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 Innoversant Solutions Private Limited
Innoversant Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Kumar Sarawgi | Director | 20 Dec 2007 | 18 Years 9 Months | Current |
| Siddharth Sarawgi | Director | 20 Dec 2007 | 18 Years 9 Months | Current |
| Neha Sarawgi | Director | 21 Jun 2008 | 18 Years 3 Months | Current |
Ownership and Shareholding of Innoversant Solutions 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 Innoversant Solutions Private Limited
Innoversant Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Innoversant Solutions Private Limited
Innoversant Solutions operates one associated brand: Innoversant Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers management consulting, business development, investment promotion, and trade services. | innoversant.com |
Employees and EPFO Compliance at Innoversant Solutions Private Limited
Employment history and EPFO contributions of people linked to Innoversant Solutions.
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.
Recent Activity on Innoversant Solutions Private Limited
Innoversant Solutions Private Limited has 5 board changes on record since 2007: 4 appointments and 1 cessation. The latest: Nishant Sarawgi ceased to be Director on 05 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Innoversant Solutions 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.
MSME Payment Delays by Innoversant Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innoversant Solutions 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 Innoversant Solutions Private Limited
Innoversant Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI7944K1Z1 | Karnataka | 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 Innoversant Solutions 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 Innoversant Solutions Private Limited
Innoversant Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 20 December 2007 (19+ years old) and is registered under CIN U72200KA2007PTC044744.
Innoversant Solutions reported revenue of ₹7.5 Lakh for FY 2021 (down 85% YoY).
Innoversant Solutions has 3 current directors:
- Narendra Kumar Sarawgi - Director
- Siddharth Sarawgi - Director
- Neha Sarawgi - Director
Innoversant Solutions reported a net loss of ₹2.34 Lakh (net margin -31.2%) and EBITDA of -₹4.98 Lakh (EBITDA margin -66.4%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innoversant Solutions is -62% over three years and -41% over five years. In the latest year (FY 2021) revenue fell 85%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innoversant Solutions is 29AABCI7944K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Innoversant Solutions is U72200KA2007PTC044744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innoversant Solutions was incorporated on 20 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Nishant Sarawgi ceased to be Director on 05 Apr 2019. Nishant Sarawgi was appointed as Director on 28 Feb 2015. Neha Sarawgi was appointed as Director on 21 Jun 2008. Innoversant Solutions has 5 board changes on record in total.
Innoversant Solutions can be reached through the website innoversant.com. Its registered office is in Bangalore, Karnataka, India.