About Inveterate Solutions Private Limited
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Inveterate Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 31 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2018PTC313309. Its GSTIN is 27AAECI9727P1ZR (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pallavi Chhatbar and Trupti Kamlesh Chugh.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 2nd Floor Gazdar House 629/A J.S.S Road Dhobi Talao Marine Lines, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2023, the company reported a revenue of ₹55.57 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹10.59 Lakh (net margin 0.2%) and EBITDA of ₹75.57 Lakh (EBITDA margin 1.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
For more details, the company can be reached via its website mgfs.in.
Company details
Contact details
Inveterate Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is mgfs.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Gazdar House 629/A J.S.S Road Dhobi Talao Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Inveterate Solutions 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 Inveterate Solutions is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Inveterate Solutions Private Limited, buy the company report.
Financials of Inveterate Solutions Private Limited
FY 2023 filings availableInveterate Solutions Private Limited reported revenue of ₹55.57 Cr (up 6% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years, including 6% growth in the latest year. EBITDA rose 102% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹75.57 Lakh | ||||
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| Net Profit (PAT) | ₹10.59 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Inveterate Solutions Private Limited, buy the company report.
Board of directors of Inveterate Solutions Private Limited
Inveterate Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallavi Chhatbar Also directs: Trenchant Services Private Limited | Director | 01 Jul 2019 | 7 Years 4 Months | Current |
| Trupti Kamlesh Chugh Also directs: Triglade Private Limited, Trenchant Services Private Limited | Director | 27 Jan 2021 | 5 Years 9 Months | Current |
Auditor
Inveterate Solutions Private Limited is audited by D R MEHTA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D R MEHTA & ASSOCIATES | FY 2020 | 106207W |
Shareholding
The shareholding of Inveterate Solutions Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Inveterate Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Inveterate Solutions 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 Inveterate Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inveterate Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI9727P1ZR | Maharashtra | Active | 19 Oct 2018 |
To see the full GST registrations and return filing status of Inveterate Solutions Private Limited, buy the company report.
Recent activity
Inveterate Solutions Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Trupti Kamlesh Chugh ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Inveterate Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 31 August 2018 (8+ years old) and is registered under CIN U93090MH2018PTC313309.
Inveterate Solutions has 2 current directors:
- Pallavi Chhatbar - Director
- Trupti Kamlesh Chugh - Director
The latest financial statements of Inveterate Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Inveterate Solutions is 27AAECI9727P1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Inveterate Solutions is U93090MH2018PTC313309. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inveterate Solutions was incorporated on 31 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Trupti Kamlesh Chugh ceased to be Additional Director on 30 Nov 2021. Pinky Kamlesh Chugh ceased to be Director on 27 Jan 2021. Trupti Kamlesh Chugh was appointed as Director on 27 Jan 2021. Inveterate Solutions has 7 board changes on record in total.
Inveterate Solutions can be reached through the website mgfs.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Inveterate Solutions is at 2nd Floor Gazdar House 629A J.S.S Road Dhobi Talao Marine Lines, Mumbai, Maharashtra, India – 400002.
Inveterate Solutions operates in the business outsourcing industry, in the business and IT consulting segment.
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