About Iet Services (India) Private Limited
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Iet Services (India) Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of The Institution Of Engineering And Technology England And Wales. It operates in the business support services segment of the business services sector. It was incorporated on 23 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2012FTC064117. Its GSTIN is 29AACCI9525K1Z3 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Toni Claire Allen and Srinivasan Mahadevan.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.01 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹27.14 Lakh (net margin 3.4%) and EBITDA of ₹47.68 Lakh (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company is associated with 1 brand: IET India.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website india.theiet.org.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAwfis Space Solution Ltd 24 Sabari Complex Field Marshal Cariappa Rd, Shanthala Nagar Ashok Nagar, Bangalore, Karnataka, India – 560025
- IndustryBusiness Services, Business Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Iet Services (India) Private Limited
The main business activity of Iet Services (India) is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Iet Services (India) Private Limited FY 2024 filings available
Iet Services (India) Private Limited reported revenue of ₹8.01 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Iet Services (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 9% growth in the latest year. EBITDA fell 45% 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 Iet Services (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹47.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹27.14 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 of Iet Services (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Iet Services (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Iet Services (India) Private Limited
Iet Services (India) Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Professional Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Marvel Business Solutions Private Limited | ₹8.05 Cr (FY 2023) | •••• | •••• | 33.0% | •••• | Hyderabad, Telangana, India |
| Association of Muslim Professionals | ₹8.04 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Meril Medical Innovations Private Limited | ₹8.03 Cr (FY 2025) | •••• | •••• | 1268.0% | •••• | Vapi, Gujarat, India |
| M-Isc Shared Service Centre Private Limited | ₹8.03 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Chennai, Tamil Nadu, India |
| Asymbl Technology Private Limited | ₹8.02 Cr (FY 2025) | •••• | •••• | 150.0% | •••• | Jaipur, Rajasthan, India |
| Iet Services (India) Private Limited this company | ₹8.01 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Elephanto Decor Private Limited | ₹8.01 Cr (FY 2025) | •••• | •••• | 100.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| At Ease Asia Private Limited | ₹8 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Hyderabad, Telangana, India |
| Ecolance Private Limited | ₹8 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Thane, Maharashtra, India |
| Gloss Studio Private Limited | ₹7.99 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| Avm Art Services Private Limited | ₹7.98 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Iet Services (India) by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Iet Services (India) Private Limited
Iet Services (India) Private Limited is audited by Venkat and Vasan for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Venkat and Vasan | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Iet Services (India) Private Limited
Iet Services (India) has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Toni Claire Allen Also directs: Iet Solutions (India) Private Limited | Director | 05 Mar 2024 | 2 Years 7 Months | Current |
| Srinivasan Mahadevan | Director | 07 Mar 2025 | 1 Years 7 Months | Current |
| Sheahan Verghese | Director | 23 May 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Iet Services (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Iet Services (India) Private Limited
Iet Services (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Iet Services (India) Private Limited
Employment history and EPFO contributions of people linked to Iet Services (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Iet Services (India) Private Limited
Iet Services (India) Private Limited has 12 board changes on record since 2012: 3 appointments and 9 cessations. The latest: Srinivasan Mahadevan ceased to be Additional Director on 29 Sep 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Iet Services (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Iet Services (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Iet Services (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Iet Services (India) Private Limited
Iet Services (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI9525K1Z3 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Iet Services (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Iet Services (India) Private Limited
Iet Services (India) is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in business support services, within the business services industry. It was incorporated on 23 May 2012 (14+ years old) and is registered under CIN U93000KA2012FTC064117.
Iet Services (India) reported revenue of ₹8.01 Cr for FY 2025 (up 9% YoY).
Iet Services (India) has 3 current directors:
- Toni Claire Allen - Director
- Srinivasan Mahadevan - Director
- Sheahan Verghese - Director
Iet Services (India) reported a net profit of ₹27.14 Lakh (net margin 3.4%) and EBITDA of ₹47.68 Lakh (EBITDA margin 6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iet Services (India) is 13% over three years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iet Services (India) is 29AACCI9525K1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Iet Services (India) is U93000KA2012FTC064117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iet Services (India) was incorporated on 23 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Iet Services (India) by revenue are Marvel Business Solutions Private Limited, Association of Muslim Professionals, Meril Medical Innovations Private Limited, M-Isc Shared Service Centre Private Limited, Asymbl Technology Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Srinivasan Mahadevan ceased to be Additional Director on 29 Sep 2025. Srinivasan Mahadevan was appointed as Director on 07 Mar 2025. Toni Claire Allen ceased to be Additional Director on 29 Sep 2024. Iet Services (India) has 12 board changes on record in total.
Iet Services (India) can be reached through the website india.theiet.org. Its registered office is in Bangalore, Karnataka, India.