About Akito Innovations Private Limited
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Akito Innovations Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the web design and maintenance services segment of the technology and IT services sector. It was incorporated on 27 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2018PTC124155. Its GSTIN is 36AAQCA8439A2ZJ (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mohd Arshad and Mohammed Jaffer.
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 Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.22 Lakh. For the same year it recorded a net profit of ₹4,640 (net margin 0.2%) and EBITDA of ₹7,162 (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akitoinnovations.in.
Company details
Contact details
Akito Innovations Private Limited's registered office is in Hyderabad, Telangana. Its website is akitoinnovations.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9 – 4 – 77/3/12 6th Floor 601, Silver Castle Yousuf Tekdi, Hyderabad, Telangana, India – 500008
- IndustryInformation Technology, Web Design & Maintenance Services
To see the full contact details of Akito Innovations 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 Akito Innovations 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 Akito Innovations Private Limited, buy the company report.
Financials of Akito Innovations Private Limited
FY 2023 filings availableAkito Innovations Private Limited reported revenue of ₹19.22 Lakh for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years. EBITDA rose 104% 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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| Revenue from Operations | ₹19.22 Lakh | ||||
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| EBITDA | ₹7,162 | ||||
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| Net Profit (PAT) | ₹4,640 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Akito Innovations Private Limited, buy the company report.
Board of directors of Akito Innovations Private Limited
Akito Innovations 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 |
|---|---|---|---|---|
| Mohd Arshad | Additional Director | 18 Aug 2023 | 3 Years 2 Months | Current |
| Mohammed Jaffer Also directs: Zayn Electronics India Private Limited | Additional Director | 18 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Akito Innovations Private Limited is audited by A K N SANTOSH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K N SANTOSH & CO | FY 2023 | 242852 |
Shareholding
The shareholding of Akito Innovations Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Akito Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akito Innovations 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 Akito Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akito Innovations has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAQCA8439A2ZJ | Telangana | Active | 05 Mar 2024 |
To see the full GST registrations and return filing status of Akito Innovations Private Limited, buy the company report.
Recent activity
Akito Innovations Private Limited has 4 board changes on record since 2023: 2 appointments and 2 cessations. The latest: Amaresh Jana ceased to be Director on 19 Aug 2023.
Frequently asked questions
Akito Innovations is an active private limited company based in Hyderabad, Telangana, India. The company works in web design and maintenance services, within the information technology industry. It was incorporated on 27 April 2018 (8+ years old) and is registered under CIN U72900TG2018PTC124155.
Akito Innovations has 2 current directors:
- Mohd Arshad - Additional Director
- Mohammed Jaffer - Additional Director
The latest financial statements of Akito Innovations 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 Akito Innovations is 36AAQCA8439A2ZJ, registered in Telangana. 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 Akito Innovations is U72900TG2018PTC124155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akito Innovations was incorporated on 27 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
Amaresh Jana ceased to be Director on 19 Aug 2023. Ganga Reddy Minumula ceased to be Director on 19 Aug 2023. Mohammed Jaffer was appointed as Additional Director on 18 Aug 2023. Akito Innovations has 4 board changes on record in total.
Akito Innovations can be reached through the website akitoinnovations.in. Its registered office is in Hyderabad, Telangana, India.
The registered office of Akito Innovations is at 9 – 4 – 77312 6th Floor 601, Silver Castle Yousuf Tekdi, Hyderabad, Telangana, India – 500008.
Akito Innovations operates in the information technology industry, in the web design and maintenance services segment.
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