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.
Company details
Contact details
Increv India Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is increvcorp.com. Its e-mail address is in the company report.
- Email
- 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
To see the full contact details of Increv India Solutions 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 Increv India Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Increv India Solutions Private Limited, buy the company report.
Financials of Increv India Solutions Private Limited
FY 2022 filings availableIncrev India Solutions Private Limited reported revenue of ₹3.13 Cr (up 14% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
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
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| EBITDA | ₹48.94 Lakh | ||||
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| Net Profit (PAT) | ₹34.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | 15.6% | ||||
| Net Profit Margin | 11.1% | ||||
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To see the full financial statements and ratios of Increv India Solutions Private Limited, buy the company report.
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 1 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 |
Auditor
Increv India Solutions Private Limited is audited by GUNASHEELA AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUNASHEELA AND ASSOCIATES | FY 2020 | 011931S |
Shareholding
The shareholding of Increv India Solutions Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Increv India Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Increv India Solutions 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 Increv India Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Increv India Solutions Private Limited has a workforce of 8 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Increv India Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI6127Q1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Increv India Solutions Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 3 current directors:
- Ramesh Adissamangalam Vasudevan - Director
- Viswanathan Chandrasekaran - Director
- Thirupal Gorige - Irp/Rp/Liquidator
The latest financial statements of Increv India Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
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.
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.
The registered office of Increv India Solutions is at No. T – 2315 Third Floor Block – II Ardente Office One Complex Hoodi Circle Itpl Main Road Maha, Devapura, Bangalore, Karnataka, India – 560048.
The GSTIN of Increv India Solutions is 29AABCI6127Q1Z0, registered in Karnataka.