Droid Innovations Private Limited
About Droid Innovations Private Limited
Data last updated:
Droid Innovations Private Limited is a private limited company based in Panvel, Maharashtra, India. It operates in the business process outsourcing sector. It was incorporated on 11 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74995MH2016PTC280934. Its GSTIN is 27AAFCD7572A1ZR (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Harish Chandrashekhar Aiyer and Shloka Harish Aiyer.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Panvel, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.74 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹7.1 Lakh (net margin -22.4%) and EBITDA of -₹4.89 Lakh (EBITDA margin -15.4%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 61% over five years.
As per MCA filings, the company has satisfied charges of ₹13 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Droid Innovations Private Limited's registered office is in Panvel, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 1803/Tower No. 2 Phase 2 Golf, Godrej City Thombrewadi, Panvel, Maharashtra, India – 410221
- IndustryBusiness Outsourcing, Business Process Outsourcing
To see the full contact details of Droid 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 Droid Innovations 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 Droid Innovations Private Limited, buy the company report.
Financials of Droid Innovations Private Limited
FY 2024 filings availableDroid Innovations Private Limited reported revenue of ₹31.74 Lakh (up 246% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 61% over five years, including 246% growth in the latest year. EBITDA fell 331% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.89 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.1 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.4% | ||||
| Net Profit Margin | -22.4% | ||||
| 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 Droid Innovations Private Limited, buy the company report.
Board of directors of Droid Innovations Private Limited
Droid Innovations has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Chandrashekhar Aiyer | Director | 11 May 2016 | 10 Years 5 Months | Current |
| Shloka Harish Aiyer | Director | 10 Jan 2023 | 3 Years 9 Months | Current |
| Swami Yogapratap Saraswati Also directs: Satyam Sumiran Yoga Research Foundation | Additional Director | 06 Feb 2025 | 1 Years 8 Months | Current |
| Pradipkumar Ishwardas Martin | Additional Director | 06 Feb 2025 | 1 Years 8 Months | Current |
| Sushma Sitaram Iyer | Additional Director | 06 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Droid Innovations Private Limited is audited by M GOPALAKRISHNAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M GOPALAKRISHNAN & CO | FY 2019 | 103303W |
Shareholding
The shareholding of Droid Innovations Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Droid Innovations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Oct 2017 | 100132493 | Others | ₹13 Lakh | Satisfied |
To see the full charge records of Droid Innovations Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Droid 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 Droid Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Droid Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCD7572A1ZR | Maharashtra | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Droid Innovations Private Limited, buy the company report.
Recent activity
Droid Innovations Private Limited has 9 board changes on record since 2016: 5 appointments and 4 cessations. The latest: Pradipkumar Ishwardas Martin was appointed as Additional Director on 06 Feb 2025.
2 earlier events are in the company report.
Frequently asked questions
Droid Innovations is an active private limited company based in Panvel, Maharashtra, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 11 May 2016 (10+ years old) and is registered under CIN U74995MH2016PTC280934.
Droid Innovations has 5 current directors:
- Harish Chandrashekhar Aiyer - Director
- Shloka Harish Aiyer - Director
- Swami Yogapratap Saraswati - Additional Director
- Pradipkumar Ishwardas Martin - Additional Director
- Sushma Sitaram Iyer - Additional Director
The latest financial statements of Droid Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Droid Innovations is 27AAFCD7572A1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Droid Innovations is U74995MH2016PTC280934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Droid Innovations was incorporated on 11 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Pradipkumar Ishwardas Martin was appointed as Additional Director on 06 Feb 2025. Sushma Sitaram Iyer was appointed as Additional Director on 06 Feb 2025. Swami Yogapratap Saraswati was appointed as Additional Director on 06 Feb 2025. Droid Innovations has 9 board changes on record in total.
The registered office of Droid Innovations is at B – 1803Tower No. 2 Phase 2 Golf, Godrej City Thombrewadi, Panvel, Maharashtra, India – 410221.
Droid Innovations operates in the business outsourcing industry, in the business process outsourcing segment.
Droid Innovations has no open charges and satisfied charges of ₹13 Lakh as per latest MCA filings.