About Increv India Solutions Private Limited
Data last updated:
Increv India Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Increv Corp. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 17 November 2006.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2006PTC040965. Its GSTIN is 29AABCI6127Q1Z0 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ramesh Adissamangalam Vasudevan and Viswanathan Chandrasekaran.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.13 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹34.71 Lakh (net margin 11.1%) and EBITDA of ₹48.94 Lakh (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The last known website on record is increvcorp.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. T – 2315 Third Floor Block – II Ardente Office One Complex Hoodi Circle Itpl Main Road Maha, Devapura, Bangalore, Karnataka, India – 560048
- IndustryInformation Technology, Software Development & 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 Increv India Solutions Private Limited
The main business activity of Increv India Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Increv India Solutions Private Limited FY 2022 filings available
Increv India Solutions Private Limited reported revenue of ₹3.13 Cr (up 14% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Increv India Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 14% growth in the latest year. EBITDA rose 13% 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 Increv India Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹48.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.71 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 Increv India Solutions Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Increv India Solutions 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.
Board of Directors of Increv India Solutions Private Limited
Increv India Solutions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Adissamangalam Vasudevan | Director | 23 Sep 2010 | 16 Years 0 Months | As last reported |
| Viswanathan Chandrasekaran | Director | 18 May 2012 | 14 Years 5 Months | As last reported |
| Thirupal Gorige Also directs: Thirupal Gorige & Associates LLP | Irp/Rp/Liquidator | 12 Apr 2023 | 3 Years 6 Months | As last reported |
Peer Comparison of Increv India Solutions Private Limited
Increv India Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Qbar Technologies Private Limited | ₹3.15 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Whitefield, Karnataka, India |
| Lakshmi Ganapathy Infrastructure Private Limited | ₹3.14 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Oprimes Solutions Private Limited | ₹3.13 Cr (FY 2025) | •••• | •••• | 121.0% | •••• | Bangalore, Karnataka, India |
| Adept Enterprise Solutions India Private Limited | ₹3.13 Cr (FY 2023) | •••• | •••• | 214.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Xcelpros Technologies Private Limited | ₹3.13 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Increv India Solutions Private Limited this company | ₹3.13 Cr (FY 2022) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Elagra Infocom Private Limited | ₹3.12 Cr (FY 2025) | •••• | •••• | 11213.0% | •••• | Bangalore, Karnataka, India |
| Iosys Software India Private Limited | ₹3.12 Cr (FY 2023) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Datadili Software System Private Limited | ₹3.11 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
| Decent Softtech Private Limited | ₹3.1 Cr (FY 2022) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Crevavi Engineering Solutions Private Limited | ₹3.1 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Increv India Solutions by revenue in the Information Technology industry (Software 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 Increv India Solutions Private Limited
Increv India Solutions Private Limited is audited by GUNASHEELA AND ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GUNASHEELA AND ASSOCIATES | 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.
Ownership and Shareholding of Increv India Solutions 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 Increv India Solutions Private Limited
Increv India Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Increv India Solutions Private Limited
Increv India Solutions Private Limited has a workforce of 8 employees as of Apr 09, 2024.
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 Increv India Solutions Private Limited
Increv India Solutions Private Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Thirupal Gorige was appointed as Irp/Rp/Liquidator on 12 Apr 2023.
Credit Ratings, Litigation & Regulatory Alerts for Increv India Solutions 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 Increv India Solutions 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 Increv India Solutions 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 Increv India Solutions Private Limited
Increv India Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI6127Q1Z0 | 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 Increv India Solutions 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 Increv India Solutions Private Limited
Increv India Solutions is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Increv India Solutions is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 17 November 2006 and is registered under CIN U72200KA2006PTC040965. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Increv India Solutions reported revenue of ₹3.13 Cr for FY 2022 (up 14% YoY).
Increv India Solutions has 3 current directors:
- Ramesh Adissamangalam Vasudevan - Director
- Viswanathan Chandrasekaran - Director
- Thirupal Gorige - Irp/Rp/Liquidator
Increv India Solutions reported a net profit of ₹34.71 Lakh (net margin 11.1%) and EBITDA of ₹48.94 Lakh (EBITDA margin 15.6%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Increv India Solutions is 4% over three years and 1% over five years. In the latest year (FY 2022) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Increv India Solutions is U72200KA2006PTC040965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Increv India Solutions was incorporated on 17 November 2006. It is registered with the Registrar of Companies, Bangalore.
The peers of Increv India Solutions by revenue are Qbar Technologies Private Limited, Lakshmi Ganapathy Infrastructure Private Limited, Oprimes Solutions Private Limited, Adept Enterprise Solutions India Private Limited, Xcelpros Technologies Private Limited and 5 more, all in the Information Technology industry (Software Services).
Thirupal Gorige was appointed as Irp/Rp/Liquidator on 12 Apr 2023. Tanmay Santosh Kumar ceased to be Director on 17 Jun 2013. Viswanathan Chandrasekaran was appointed as Director on 18 May 2012. Increv India Solutions has 6 board changes on record in total.
Increv India Solutions can be reached through the website increvcorp.com. Its registered office is in Bangalore, Karnataka, India.