About Innovative Systems and Solutions
Innovative Systems and Solutions is a Technology company based in Mumbai (India) founded in 1993. Audio, video, lighting, and systems integration services are provided. The company has 60 employees. Its Indian entity Innovative Systems And Solutions Private Limited reported revenue of ₹37.23 Cr. Innovative Systems and Solutions offers products and services including AV System Integration, Design and Consulting, and Support and Maintenance. Its focus areas include Business Services, IT Services and Suite. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Innovative Systems and Solutions was established in 1993 in Mumbai, India. Operations are centered on the audio-visual and lighting sector, with integration of systems for various applications. Services encompass design, installation, and maintenance of audio, video, and lighting setups. The company serves clients across India, focusing on commercial and institutional projects in technology integration. Domain isspl.in is utilized for online presence.
- Annual Revenue₹37.23 Cr
FY 2024 · +92% YoY
- Net Profit₹1.98 Cr
FY 2024 · 5% margin
- EBITDA₹3.16 Cr
FY 2024 · 8% margin
- Employee Count60
Associated legal entities of Innovative Systems and Solutions
Innovative Systems and Solutions operates through Innovative Systems And Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovative Systems And Solutions Private Limited CIN U32300MH2005PTC152664 | Active | 15 Apr 2005 | Mumbai, Maharashtra | ₹37.2 Cr | 60 | 2 | View details |
Products & Services of Innovative Systems and Solutions
Innovative Systems and Solutions offers a comprehensive portfolio of products and services, including AV System Integration, Design and Consulting, and Support and Maintenance.
Integrates audio-visual systems for enhanced business communication and operations.
Offers expert design and advice for customized AV solutions in various sectors.
Provides ongoing maintenance to ensure reliable performance of AV systems.
Board of directors of Innovative Systems And Solutions Private Limited (Innovative Systems and Solutions)
Innovative Systems And Solutions Private Limited is the primary company behind Innovative Systems and Solutions. The board of Innovative Systems And Solutions Private Limited currently have 2 directors; the longest-serving is Deepali Ratnesh Javeri, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepali Ratnesh Javeri DIN 07685569 | Director | 21 Dec 2016 | 9 yrs 10 mo | Innovative Systems And Solutions Private Limited |
| Rajendra Madhusudan Phadke DIN 00179196 | Additional Director | 30 Dec 2022 | 3 yrs 10 mo | Innovative Systems And Solutions Private Limited |
Financials of Innovative Systems and Solutions
Figures of Innovative Systems And Solutions Private Limited, the primary company behind Innovative Systems and Solutions, for FY 2024. Revenue was ₹37.23 Cr (+92% year on year). Net profit was ₹1.98 Cr (5% margin). EBITDA was ₹3.16 Cr (8% margin). Revenue has grown at a compounded annual rate of +68% over three years and +35% over five years.
- ₹37.23 CrRevenue · FY 2024 · +92% YoY
- ₹1.98 CrNet profit · 5% margin
- ₹3.16 CrEBITDA · 8% margin
- ₹8.8 LakhPaid-up capital
- 60Employees (provident fund records)
- +68%Revenue CAGR, 3 years
- +35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovative Systems And Solutions Private Limited are on its company page.
Detailed financial statements for Innovative Systems and Solutions
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Competitors of Innovative Systems and Solutions
Innovative Systems and Solutions has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Innovative Systems and Solutions
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Frequently Asked Questions about Innovative Systems and Solutions
Innovative Systems and Solutions was founded in 1993.
Innovative Systems and Solutions is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Innovative Systems and Solutions has 60 employees.
The primary company behind Innovative Systems and Solutions, Innovative Systems And Solutions Private Limited, reported revenue of ₹37.23 Cr for FY 2024, up 92% year on year.
Innovative Systems and Solutions was established in 1993 in Mumbai, India. Operations are centered on the audio-visual and lighting sector, with integration of systems for various applications. Services encompass design, installation, and maintenance of audio, video, and lighting setups. The company serves clients across India, focusing on commercial and institutional projects in technology integration. Domain isspl.in is utilized for online presence.
Innovative Systems and Solutions's top competitors include Happiest Minds and Datamatics.
Innovative Systems and Solutions offers AV System Integration, Design and Consulting, and Support and Maintenance.
Innovative Systems and Solutions operates through Innovative Systems And Solutions Private Limited.
The legal entities of Innovative Systems and Solutions currently have 2 directors, including Rajendra Madhusudan Phadke, Deepali Ratnesh Javeri.