About Implenia Services and Solutions Private Limited
Data last updated:
Implenia Services and Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mega Millennium Trading And Investment Private Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 16 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U68100MH2004PTC145086. Its GSTIN is 27AABCI2382R2Z0 (Maharashtra). The company holds 45 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹16.65 Cr and a paid-up capital of ₹10.45 Cr. It was formerly known as Iiuminex Services Solutions Private Limited and Global Innovsource Solutions Limited. It is led by directors Vaishali Nilesh Pandit and Vasudeo Parmanand Prabhukhanolkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 115 11th Floor Plot No. 220 Maker Cha Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.82 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹12.57 Cr (net margin 34.1%) and EBITDA of ₹25.94 Cr (EBITDA margin 70.4%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2.85 Cr on record. Court records list 29 cases involving the company, including 11 filed by the company and 18 filed against it; 2 cases are pending. The company has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.8 Cr; the latest was in May 2019. The company has 47 MSME Form 1 returns on record between 2017 and 2024, listing 1,139 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innov.in.
Company details
Name history
Implenia Services and Solutions has undergone 9 name changes throughout its history. The current legal name is Implenia Services And Solutions Private Limited.
| Company Name | Status |
|---|---|
| Implenia Services and Solutions Private Limited | Current |
| Iiuminex Services Solutions Private Limited | Previous |
| Global Innovsource Solutions Limited | Previous |
| Innovsource Private Limited | Previous |
| Global Innovsource Solutions Private Limited | Previous |
| Insol Services And Solutions Private Limited | Previous |
| Global Innovsource Solutions Limited | Previous |
| Innovsource Solutions Private Limited | Previous |
| Inviron Services Private Limited | Previous |
| Insol Services And Properties Private Limited | Previous |
CIN history
Implenia Services and Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U68100MH2004PTC145086, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68100MH2004PTC145086 | Current |
| U63040MH2004PLC145086 | Previous |
| U63040MH2004PTC145086 | Previous |
Contact details
Implenia Services and Solutions Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address115 11th Floor Plot No. 220 Maker Cha Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Implenia Services and Solutions is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Implenia Services and Solutions Private Limited, buy the company report.
Financials of Implenia Services and Solutions Private Limited
FY 2025 filings availableImplenia Services and Solutions Private Limited reported revenue of ₹36.82 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA rose 48% 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 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 | ₹25.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.57 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 70.4% | ||||
| Net Profit Margin | 34.1% | ||||
| 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 Implenia Services and Solutions Private Limited, buy the company report.
Board of directors of Implenia Services and Solutions Private Limited
Implenia Services and Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaishali Nilesh Pandit | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
| Vasudeo Parmanand Prabhukhanolkar Also directs: Insider Media LLP, Dabir Developers Private Limited | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2016 | 100063261 | Hdfc Bank Limited | ₹21 Lakh | Satisfied | |
| 25 Feb 2016 | 100064491 | Hdfc Bank Limited | ₹50.28 Lakh | Satisfied | |
| 06 Apr 2015 | 10568010 | Hdfc Bank Limited | ₹46.91 Lakh | Satisfied | |
| 06 Apr 2015 | 10568011 | Hdfc Bank Limited | ₹69.51 Lakh | Satisfied | |
| 06 Apr 2015 | 10568012 | Hdfc Bank Limited | ₹70.12 Lakh | Satisfied |
To see the full charge records of Implenia Services and Solutions Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Implenia Services and Solutions Private Limited has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.8 Cr; the latest was in May 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Funding round | ₹3.8 Cr | Investors: Mega Millennium Trading and Investment Private Limited , Prabhukhanolkar Family Trust |
| Jul 2013 | Acquisition | Undisclosed | Buyer: Mega Millennium Trading and Investment Private Limited Seller: Vahanvati Consultants Private Limited |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Vahanvati Consultants Private Limited Seller: Global Holding Corporation Private Limited |
| Mar 2010 | Funding round | ₹3 Cr | Investors: Global Holding Corporation Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Global Innovsource Employee Welfare Trust Seller: Global Holding Corporation Private Limited |
To see the full deal history of Implenia Services and Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Implenia Services and Solutions Private Limited has 29 court cases on record: 11 filed by Implenia Services and Solutions, 18 filed against it. 2 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 16 | 0 |
| High courts | 10 | 2 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Innovsource Services Private Limited and 1 other | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Zep Infratech Limited | Disposed |
| High Court | Writ petition | Filed by the company against Union of India and 2 others | Pending |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by State Through Labour Enforcement Officer(Central) | Disposed |
To see the full case history of Implenia Services and Solutions Private Limited, 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
Implenia Services and Solutions Private Limited has 47 MSME Form 1 returns on record between 2017 and 2024, listing 1,139 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Vitrum Systems LLP | |||
| Vora Electric Service Private Limited | |||
| Max Vigil Security Expert Private Limited | |||
| Mac Industrial Security and Facility Services Private Limited |
To see the full MSME payment records of Implenia Services and Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Implenia Services and Solutions has 45 GST registrations: 2 active and 43 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2382R2Z0 | Maharashtra | Active | 01 Jul 2017 |
| 07AAECI4007J1ZQ | Delhi | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Implenia Services and Solutions Private Limited, buy the company report.
Recent activity
Implenia Services and Solutions Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Pawan Arjun Choudhary ceased to be Director on 23 Feb 2022.
12 earlier events are in the company report.
Frequently asked questions
Implenia Services and Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 16 March 2004 (22+ years old) and is registered under CIN U68100MH2004PTC145086.
Implenia Services and Solutions has 2 current directors:
- Vaishali Nilesh Pandit - Director
- Vasudeo Parmanand Prabhukhanolkar - Director
The latest financial statements of Implenia Services and Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Implenia Services and Solutions is 27AABCI2382R2Z0, registered in Maharashtra. The company has 45 GST registrations in all, of which 2 are active and 43 are cancelled or inactive. Other active GSTINs include 07AAECI4007J1ZQ (Delhi).
The CIN (Corporate Identification Number) of Implenia Services and Solutions is U68100MH2004PTC145086. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Implenia Services and Solutions has 29 court cases on record: 11 filed by the company and 18 filed against it. 2 are pending. Most are in the district courts.
Implenia Services and Solutions was incorporated on 16 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Implenia Services and Solutions has 7 deals on record (3 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹10.8 Cr; the latest was in May 2019.
Pawan Arjun Choudhary ceased to be Director on 23 Feb 2022. Vaishali Nilesh Pandit ceased to be Additional Director on 29 Sep 2018. Vasudeo Parmanand Prabhukhanolkar ceased to be Additional Director on 29 Sep 2018. Implenia Services and Solutions has 9 board changes on record in total.
Implenia Services and Solutions has 47 MSME Form 1 returns on record between 2017 and 2024, listing 1,139 overdue payments to 10 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Implenia Services and Solutions can be reached through the website innov.in. Its registered office is in Mumbai, Maharashtra, India.