MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0016841
Banana Ip Counsels LLP - education in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2021
₹7.58 Cr
▼ 25% YoY
Net profit · FY 2021
₹1.13 Cr
Net margin 15%
EBITDA · FY 2021
₹7.56 Cr
EBITDA margin 99.8%
Contribution obligation
₹1 Lakh
As per LLP agreement
LLP age
12 yrs
Est. 2014
Employees · EPFO
34
Provident fund records
Designated partners
4
As per MCA filings
Active GSTINs
1
GST registered
About Banana Ip Counsels LLP
Data last updated:
Banana Ip Counsels LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the edtech solutions segment of the education sector. It was incorporated on 06 March 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAC-1515. Its GSTIN is 29AANFB6511C1ZM (Karnataka).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Vinita Radhakrishnan and Ramakrishna Somashekar.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 40 Kanakapura Main Road Yelachenahalli Subramanyapura, Bangalore, Karnataka, India – 560062.
As per the financials filed for FY 2021, the LLP reported a revenue of ₹7.58 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.13 Cr (net margin 15%) and EBITDA of ₹7.56 Cr (EBITDA margin 99.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 14% over five years.
The LLP has about 34 employees on its provident fund (EPFO) records.
The LLP is associated with 2 brands: Strategic Inventor and BananaIP. Court records list 3 cases involving the LLP, including 2 filed by the LLP and 1 filed against it.
Banana Ip Counsels LLP is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0016841). For more details, the LLP can be reached via its website bananaip.com.
Company details
LLPIN AAC-1515
Incorporation Date 06 March 2014
Total Obligation of Contribution ₹1 Lakh
ROC Bangalore
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-KR-03-0016841
Key People
Vinita Radhakrishnan Designated Partner Ramakrishna Somashekar Partner Nitin Mohan Nair Partner Recognitions & Rankings of Banana Ip Counsels
Contact details
Banana Ip Counsels LLP's registered office is in Bangalore, Karnataka. Its website is bananaip.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address40 Kanakapura Main Road Yelachenahalli Subramanyapura, Bangalore, Karnataka, India – 560062
- IndustryEducation, EdTech Solutions
To see the full contact details of Banana Ip Counsels LLP, buy the company report.
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- Company details, directors and signatories
- Historical financials and ratios
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- Legal cases, compliance and MCA filings
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Brands
Banana Ip Counsels operates two associated brands: Strategic Inventor and BananaIP. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform for drafting patent applications independently with user-friendly tools and expert support. | strategicinventor.com | |
| IP management, advisory, and consulting services are provided. | bananaip.com |
Financials of Banana Ip Counsels LLP
FY 2025 filings availableBanana Ip Counsels LLP reported revenue of ₹7.58 Cr (down 25% YoY) for FY 2021.
Revenue · FY 2021
₹7.58 Cr ▼ 25%
Net profit · FY 2021
₹1.13 Cr margin 15%
EBITDA · FY 2021
₹7.56 Cr margin 99.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 3%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 3%
5 years · compounded
▲ 14%
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 25% 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
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹7.58 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹1.13 Cr | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 15% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Banana Ip Counsels LLP, buy the company report.
Designated partners of Banana Ip Counsels LLP
Banana Ip Counsels has 4 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinita Radhakrishnan Also directs: Iplantain Management Private Limited | Designated Partner | 06 Mar 2014 | 12 Years 8 Months | Current |
| Ramakrishna Somashekar Also directs: Iplantain Management Private Limited | Partner | 06 Mar 2014 | 12 Years 8 Months | Current |
| Nitin Mohan Nair Also directs: Iplantain Management Private Limited | Partner | 01 Feb 2019 | 7 Years 9 Months | Current |
| Kalyan Kankanala Chakravarthy | Designated Partner | 06 Mar 2014 | 12 Years 8 Months | Current |
Legal cases
Banana Ip Counsels LLP has 3 court cases on record: 2 filed by Banana Ip Counsels, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CM(M)) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (1802-Ordinary Civil Matters : T.P. Under Section 25 of the C.P.C.) | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Banana Ip Counsels LLP, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Banana Ip Counsels LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Banana Ip Counsels LLP has a workforce of 36 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
36
Active EPFO establishments
1
Employee growth
5.88%
GST
Banana Ip Counsels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANFB6511C1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banana Ip Counsels LLP, buy the company report.
Recent activity
Banana Ip Counsels LLP has 6 designated partner changes on record since 2014: 4 appointments and 2 cessations. The latest: Nitin Mohan Nair was appointed as Partner on 01 Feb 2019.
AGM
Banana Ip Counsels Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Banana Ip Counsels Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Nitin Mohan Nair was appointed as Partner.
Ceased
Nitin Mohan Nair ceased to be Partner.
Ceased
Balaji Vaddevolu ceased to be Partner.
Appointed
Kalyan Kankanala Chakravarthy was appointed as Designated Partner.
Appointed
Ramakrishna Somashekar was appointed as Partner.
Appointed
Vinita Radhakrishnan was appointed as Designated Partner.
Incorporation
06 Mar 2014
Banana Ip Counsels Llp was registered on 06 Mar 2014 with Roc Bangalore & aged 12 years 8 months as per MCA records.
Frequently asked questions
Banana Ip Counsels is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in edtech solutions, within the education industry. It was incorporated on 06 March 2014 (12+ years old) and is registered under LLPIN AAC-1515.
Banana Ip Counsels has 4 current designated partners:
- Vinita Radhakrishnan - Designated Partner
- Ramakrishna Somashekar - Partner
- Nitin Mohan Nair - Partner
- Kalyan Kankanala Chakravarthy - Designated Partner
The latest financial statements of Banana Ip Counsels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Banana Ip Counsels is 29AANFB6511C1ZM, registered in Karnataka.
The LLPIN (Limited Liability Partnership Identification Number) of Banana Ip Counsels is AAC-1515. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Banana Ip Counsels has 3 court cases on record: 2 filed by the LLP and 1 filed against it. Most are in the district courts.
Banana Ip Counsels was incorporated on 06 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Nitin Mohan Nair was appointed as Partner on 01 Feb 2019. Nitin Mohan Nair ceased to be Partner on 01 Oct 2016. Balaji Vaddevolu ceased to be Partner on 01 Jan 2015. Banana Ip Counsels has 6 designated partner changes on record in total.
Yes, Banana Ip Counsels is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0016841).
Banana Ip Counsels can be reached through the website bananaip.com. Its registered office is in Bangalore, Karnataka, India.
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