About Avishkar Innovative Private Limited
Data last updated:
Avishkar Innovative Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 25 March 2015.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2015PTC079451. Its GSTIN is 29AANCA3408J1ZG (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Raksha Krishna Murthy Udpa and Sulochana Udupa.
Its last annual general meeting (AGM) was held on 06 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 970/32 50 Feet Road Raghavendra Block 11th Main Near Ayyappa Temple Srinagar, Bangalore, Karnataka, India – 560050.
As per the financials filed for FY 2023, the company reported a revenue of ₹41.92 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹5.77 Cr and EBITDA of -₹53.94 Lakh (EBITDA margin -128.7%). Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 62% over five years.
The company is associated with 1 brand: Avishkar Innovative. As per MCA filings, the company has open charges of ₹45.16 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending.
The last known website on record is avishkarinnovative.com.
Company details
Contact details
Avishkar Innovative Private Limited's registered office is in Bangalore, Karnataka. Its website is avishkarinnovative.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 970/32 50 Feet Road Raghavendra Block 11th Main Near Ayyappa Temple Srinagar, Bangalore, Karnataka, India – 560050
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Avishkar Innovative 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
Brands
Avishkar Innovative operates one associated brand: Avishkar Innovative. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provision of automation and IT solutions in Telecommunication, Embedded systems, Communication, and Education sectors. | avishkarinnovative.com |
Business activity
The main business activity of Avishkar Innovative is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Avishkar Innovative Private Limited, buy the company report.
Financials of Avishkar Innovative Private Limited
FY 2023 filings availableAvishkar Innovative Private Limited reported revenue of ₹41.92 Lakh (down 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 62% over five years. EBITDA fell 123% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹41.92 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹53.94 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.77 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -128.7% | ||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Avishkar Innovative Private Limited, buy the company report.
Board of directors of Avishkar Innovative Private Limited
Avishkar Innovative has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raksha Krishna Murthy Udpa Also directs: Instrupro Technologies (OPC) Private Limited | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Sulochana Udupa | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
Auditor
Avishkar Innovative Private Limited is audited by Venugopal Bhat & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Venugopal Bhat & Co | FY 2023 | 006506S |
Shareholding
The shareholding of Avishkar Innovative Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | 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 Avishkar Innovative Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2021 | 100508372 | Canara Bank | ₹12.16 Cr | Open | |
| 15 Sep 2015 | 10612162 | Canara Bank | ₹33 Cr | Open |
To see the full charge records of Avishkar Innovative Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Avishkar Innovative Private Limited has 6 court cases on record: 6 filed by Avishkar Innovative. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Canara Bank | Pending |
| High Court | Writ petition | Filed by the company against The Registrar and 1 other | Disposed |
| High Court | Writ petition | Filed by the company against Canara Bank and 2 others | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Avishkar Innovative Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Avishkar Innovative Private Limited was last rated by Brickwork on 23 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 23 Aug 2021 |
To see the full credit ratings and regulatory alerts of Avishkar Innovative Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avishkar Innovative Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avishkar Innovative has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCA3408J1ZG | Karnataka | Active | 13 Feb 2018 |
To see the full GST registrations and return filing status of Avishkar Innovative Private Limited, buy the company report.
Recent activity
Avishkar Innovative Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Ravindra Beleyur was appointed as Irp/Rp/Liquidator on 16 Jan 2025.
Frequently asked questions
Avishkar Innovative is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Avishkar Innovative is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 25 March 2015 and is registered under CIN U72200KA2015PTC079451. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avishkar Innovative has 2 current directors:
- Raksha Krishna Murthy Udpa - Director
- Sulochana Udupa - Director
The latest financial statements of Avishkar Innovative on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 06 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avishkar Innovative is U72200KA2015PTC079451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avishkar Innovative has open charges of ₹45.16 Cr and no satisfied charges on record as per latest MCA filings.
Avishkar Innovative has 6 court cases on record: 6 filed by the company. 1 is pending. Most are in the high courts.
Avishkar Innovative was incorporated on 25 March 2015. It is registered with the Registrar of Companies, Bangalore.
Ravindra Beleyur was appointed as Irp/Rp/Liquidator on 16 Jan 2025. Raksha Krishna Murthy Udpa was appointed as Director on 25 Mar 2015. Sulochana Udupa was appointed as Director on 25 Mar 2015.
Avishkar Innovative can be reached through the website avishkarinnovative.com. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
