Daikoku Innovations LLP

Daikoku Innovations LLP - information technology in Bangalore, Karnataka, India. Directors, charges & compliance details.
LLPIN AAK-1557 Incorporated 28 July 2017 ROC Bangalore HQ Bangalore, Karnataka, India
Active Limited Liability Partnership information technology
Data last updated
Revenue · FY 2023
₹2.28 Cr
▲ 60% YoY
Net profit · FY 2023
₹21.57 Lakh
Net margin 9.5%
EBITDA · FY 2023
₹37.43 Lakh
EBITDA margin 16.4%
Contribution obligation
₹10,000
As per LLP agreement
LLP age
9 yrs
Est. 2017
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands

About Daikoku Innovations LLP

Data last updated:

Daikoku Innovations LLP is a limited liability partnership (LLP) based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 28 July 2017 and has been in existence for over 9 years.

The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAK-1557. Its GSTIN is 29AAOFD0376N1ZT (Karnataka).

The LLP has a total obligation of contribution of ₹10,000. It is led by designated partners Vani Sudarshan and Narasandra Sanjeeva Rao Sudarshan.

Its latest statement of accounts is for the year ended 31 March 2023. The registered office is at No.106/30 24th Main 3rd Cross 5th Phase Jp Nagar, Bangalore, Karnataka, India – 560078.

As per the financials filed for FY 2023, the LLP reported a revenue of ₹2.28 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹21.57 Lakh (net margin 9.5%) and EBITDA of ₹37.43 Lakh (EBITDA margin 16.4%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years.

The LLP is associated with 1 brand: Daikoku.

Company Details of Daikoku Innovations LLP
LLPIN AAK-1557
Incorporation Date 28 July 2017
Total Obligation of Contribution ₹10,000
ROC Bangalore
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2023
Key People
Vani Sudarshan Designated Partner Narasandra Sanjeeva Rao Sudarshan Designated Partner
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    No.106/30 24th Main 3rd Cross 5th Phase Jp Nagar, Bangalore, Karnataka, India – 560078
  • Industry
    Information Technology, Application Development & Software Solutions, Electronic Components & Equipment Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Daikoku Innovations LLP in one report.

Financials from FY 2018 Directors & ownership Charges & compliance

Financials of Daikoku Innovations LLP FY 2023 filings available

Daikoku Innovations LLP reported revenue of ₹2.28 Cr (up 60% YoY) for FY 2023.

Revenue · FY 2023
₹2.28 Cr ▲ 60%
Net profit · FY 2023
₹21.57 Lakh margin 9.5%
EBITDA · FY 2023
₹37.43 Lakh margin 16.4%

Compounded Annual Growth Rate (CAGR) of Daikoku Innovations LLP

Revenue CAGR growth
1 year
▲ 60%
3 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 231%
3 years · compounded
▲ 84%
5 years · compounded
▲ 286%

Revenue has grown at a compounded annual rate (CAGR) of 46% over three years, including 60% growth in the latest year. EBITDA rose 231% 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 of Daikoku Innovations LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Income and Expenditure
Turnover••••••••••••••••••••
Other Income••••••••••••••••••••
Total Income••••••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹21.57 Lakh••••••••••••••••
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 of Daikoku Innovations LLP

Statement of Account and SolvencyFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
Net Profit Margin9.5%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Daikoku Innovations are in the company report.

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Financial statements from FY 2018

Earlier years and trend charts are in the company report.

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Peer Comparison of Daikoku Innovations LLP

Daikoku Innovations LLP is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Falconx Electro Technologies Private Limited₹2.29 Cr (FY 2025)••••••••163.0%••••Hyderabad, Telangana, India
Afferent Wearable Tech Private Limited₹2.29 Cr (FY 2025)••••••••29.0%••••Pune, Maharashtra, India
Omgvh Electronics Private Limited₹2.29 Cr (FY 2025)••••••••45.0%••••Bangalore, Karnataka, India
Columbus Electronics Private Limited₹2.28 Cr (FY 2025)••••••••-8.0%••••Chandigarh, India
Atri Datta Communications Private Limited₹2.28 Cr (FY 2024)••••••••224.0%••••Davanagere, Karnataka, India
Daikoku Innovations LLP this company₹2.28 Cr (FY 2023)••••••••60.0%••••Bangalore, Karnataka, India
Pendios Technologies Private Limited₹2.28 Cr (FY 2024)••••••••22.0%••••Bangalore, Karnataka, India
Dai Manufacturing Private Limited₹2.27 Cr (FY 2024)••••••••266.0%••••Bangalore, Karnataka, India
114 AI Innovation LLP₹2.27 Cr (FY 2024)••••••••82.0%••••New Delhi, Delhi, India
Ananya Sip Technologies Private Limited₹2.27 Cr (FY 2023)••••••••-6.0%••••Hyderabad, Telangana, India
Vinbox Martech Private Limited₹2.26 Cr (FY 2025)••••••••-51.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Daikoku Innovations by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Designated Partners of Daikoku Innovations LLP

Daikoku Innovations has 2 designated partners on record. No former designated partners are listed.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Vani SudarshanDesignated Partner28 Jul 20179 Years 2 MonthsCurrent
Narasandra Sanjeeva Rao SudarshanDesignated Partner20 Mar 20197 Years 6 MonthsCurrent
View all designated partners

Charges & Borrowings of Daikoku Innovations LLP

Daikoku Innovations LLP does not have any charges (loans) registered with the Registrar of Companies.

Associated Brands with Daikoku Innovations LLP

Daikoku Innovations operates one associated brand: Daikoku. Each brand links to its own profile.

BrandDescriptionWebsite
Daikoku
Provides a comprehensive suite of IT services for daily business operations.daikokuinnovations.com

Employees and EPFO Compliance at Daikoku Innovations LLP

Employment history and EPFO contributions of people linked to Daikoku Innovations.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Daikoku Innovations LLP

Daikoku Innovations LLP has 2 designated partner changes on record since 2017: 2 appointments. The latest: Narasandra Sanjeeva Rao Sudarshan was appointed as Designated Partner on 20 Mar 2019.

AGM
Daikoku Innovations Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Daikoku Innovations Llp has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Appointed
Narasandra Sanjeeva Rao Sudarshan was appointed as Designated Partner.
Appointed
Vani Sudarshan was appointed as Designated Partner.
Incorporation
28 Jul 2017
Daikoku Innovations Llp was registered on 28 Jul 2017 with Roc Bangalore & aged 9 years 2 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Daikoku Innovations LLP

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MSME Payment Delays by Daikoku Innovations LLP

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Subsidiaries & Group Companies of Daikoku Innovations LLP

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GST Compliance of Daikoku Innovations LLP

Daikoku Innovations has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAOFD0376N1ZTKarnatakaActive18 May 2018
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Daikoku Innovations LLP

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Frequently Asked Questions about Daikoku Innovations LLP

Daikoku Innovations is an active limited liability partnership based in Bangalore, Karnataka, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 28 July 2017 (9+ years old) and is registered under LLPIN AAK-1557.

Daikoku Innovations reported revenue of ₹2.28 Cr for FY 2023 (up 60% YoY).

Daikoku Innovations has 2 current designated partners:

Daikoku Innovations reported a net profit of ₹21.57 Lakh (net margin 9.5%) and EBITDA of ₹37.43 Lakh (EBITDA margin 16.4%) for FY 2023, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Daikoku Innovations is 46% over three years. In the latest year (FY 2023) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Daikoku Innovations is 29AAOFD0376N1ZT, registered in Karnataka.

The LLPIN (Limited Liability Partnership Identification Number) of Daikoku Innovations is AAK-1557. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Daikoku Innovations was incorporated on 28 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.

The peers of Daikoku Innovations by revenue are Falconx Electro Technologies Private Limited, Afferent Wearable Tech Private Limited, Omgvh Electronics Private Limited, Columbus Electronics Private Limited, Atri Datta Communications Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).

Narasandra Sanjeeva Rao Sudarshan was appointed as Designated Partner on 20 Mar 2019. Vani Sudarshan was appointed as Designated Partner on 28 Jul 2017.

The registered office of Daikoku Innovations is at No.10630 24th Main 3rd Cross 5th Phase Jp Nagar, Bangalore, Karnataka, India – 560078.

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