Newline Inno-Source Private Limited
About Newline Inno-Source Private Limited
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Newline Inno-Source Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 15 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2012PTC232263. Its GSTIN is 27AAECN0346D2ZT (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Milind Ganpat Jadhav and Devidas Narayan Mangawade.
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 15 Dr. Mankikar Road Sion (East), Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.94 Cr (net margin -45.3%) and EBITDA of ₹2.02 Cr (EBITDA margin 47.3%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 66% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address15 Dr. Mankikar Road Sion (East), Mumbai, Maharashtra, India – 400022
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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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Business Activity of Newline Inno-Source Private Limited
The main business activity of Newline Inno-Source is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support 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 Newline Inno-Source Private Limited FY 2024 filings available
Newline Inno-Source Private Limited reported revenue of ₹4.28 Cr (up 1232% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Newline Inno-Source Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 66% over five years. 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 Newline Inno-Source Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.94 Cr | •••• | •••• | •••• | •••• |
| 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 Newline Inno-Source Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -45.3% | •••• | •••• | •••• | •••• |
| 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 Newline Inno-Source 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 Newline Inno-Source Private Limited
Newline Inno-Source Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing, Security Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MNR Solutions Private Limited | ₹4.29 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Delhi, India |
| Avlog Infotech Private Limited | ₹4.29 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Bangalore, Karnataka, India |
| Madhees Techno Consulting Private Limited | ₹4.29 Cr (FY 2025) | •••• | •••• | 79.0% | •••• | Hyderabad, Telangana, India |
| Antkat Consultancy Private Limited | ₹4.28 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Bangalore, Karnataka, India |
| Orion Technocrats Private Limited | ₹4.28 Cr (FY 2025) | •••• | •••• | 805.0% | •••• | Nashik, Maharashtra, India |
| Newline Inno-Source Private Limited this company | ₹4.28 Cr (FY 2024) | •••• | •••• | 1232.0% | •••• | Mumbai, Maharashtra, India |
| Scorpion Buildtech Private Limited | ₹4.27 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Gurgaon, Haryana, India |
| Perfect Integrity & Personnel Services Private Limited | ₹4.27 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Quality Marine Services Private Limited | ₹4.27 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Cerepro Corporate Solutions Private Limited | ₹4.26 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | New Delhi, Delhi, India |
| Proland Staffing Solutions Private Limited | ₹4.26 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Newline Inno-Source by revenue in the Outsourcing industry (HR Outsourcing, Security Products), 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 Newline Inno-Source Private Limited
Newline Inno-Source Private Limited is audited by Mahendra Doshi & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mahendra Doshi & Associates | 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 Newline Inno-Source Private Limited
Newline Inno-Source has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Ganpat Jadhav Also directs: Madstarr Ventures LLP, Neela Assets and Properties Private Limited, Neela Assets Private Limited and 2 more | Director | 15 Jun 2012 | 14 Years 3 Months | Current |
| Devidas Narayan Mangawade | Additional Director | 15 Sep 2025 | 1 Years 0 Months | Current |
Ownership and Shareholding of Newline Inno-Source 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 Newline Inno-Source Private Limited
Newline Inno-Source Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Newline Inno-Source Private Limited
Employment history and EPFO contributions of people linked to Newline Inno-Source.
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 Newline Inno-Source Private Limited
Newline Inno-Source Private Limited has 4 board changes on record since 2012: 4 appointments. The latest: Devidas Narayan Mangawade was appointed as Additional Director on 15 Sep 2025.
Credit Ratings, Litigation & Regulatory Alerts for Newline Inno-Source 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 Newline Inno-Source 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 Newline Inno-Source 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 Newline Inno-Source Private Limited
Newline Inno-Source has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN0346D2ZT | Maharashtra | Active | 21 May 2020 |
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 Newline Inno-Source 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 Newline Inno-Source Private Limited
Newline Inno-Source is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 15 June 2012 (14+ years old) and is registered under CIN U74999MH2012PTC232263.
Newline Inno-Source reported revenue of ₹4.28 Cr for FY 2024 (up 1232% YoY).
Newline Inno-Source has 2 current directors:
- Milind Ganpat Jadhav - Director
- Devidas Narayan Mangawade - Additional Director
Newline Inno-Source reported a net loss of ₹1.94 Cr (net margin -45.3%) and EBITDA of ₹2.02 Cr (EBITDA margin 47.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Newline Inno-Source is 62% over three years and 66% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Newline Inno-Source is 27AAECN0346D2ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Newline Inno-Source is U74999MH2012PTC232263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Newline Inno-Source was incorporated on 15 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Newline Inno-Source by revenue are MNR Solutions Private Limited, Avlog Infotech Private Limited, Madhees Techno Consulting Private Limited, Antkat Consultancy Private Limited, Orion Technocrats Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing, Security Products).
Devidas Narayan Mangawade was appointed as Additional Director on 15 Sep 2025. Amit Kamalakar Pawar was appointed as Additional Director on 15 Jul 2025. Milind Ganpat Jadhav was appointed as Director on 15 Jun 2012. Newline Inno-Source has 4 board changes on record in total.
The registered office of Newline Inno-Source is at 15 Dr. Mankikar Road Sion East, Mumbai, Maharashtra, India – 400022.