MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-UP-50-0000176
Initiative Data Systems Private Limited - information technology in Lucknow, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹64.8 Cr
▼ 4% YoY
Net profit · FY 2024
₹35.8 Lakh
Net margin 0.6%
EBITDA · FY 2024
₹1.41 Cr
EBITDA margin 2.2%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹73.89 Lakh
Issued & subscribed
Open charges
₹11.12 Cr
Satisfied ₹12 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
26
Provident fund records
About Initiative Data Systems Private Limited
Data last updated:
Initiative Data Systems Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 18 January 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U72501UP1999PTC024128. Its GSTIN is 09AABCI1559C1ZT (Uttar Pradesh).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹73.89 Lakh. It is led by directors including Subhash Khattry and Kanahiya Lal.
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 9 – D Singar Nagaralambagh Kanpur Road Lucknow, Uttar Pradesh, India – 226005.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.8 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹35.8 Lakh (net margin 0.6%) and EBITDA of ₹1.41 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11.12 Cr and satisfied charges of ₹12 Cr on record.
Initiative Data Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-50-0000176). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website initiative.co.in.
Company details
CIN U72501UP1999PTC024128
Registration Number 024128
Incorporation Date 18 January 1999
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-50-0000176
Recognitions & Rankings of Initiative Data Systems
Contact details
Initiative Data Systems Private Limited's registered office is in Lucknow, Uttar Pradesh. Its website is initiative.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9 – D Singar Nagaralambagh Kanpur Road Lucknow, Uttar Pradesh, India – 226005
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Initiative Data Systems Private Limited, buy the company report.
Comprehensive company report
Initiative Data Systems Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Initiative Data Systems is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Initiative Data Systems Private Limited, buy the company report.
Financials of Initiative Data Systems Private Limited
FY 2025 filings availableInitiative Data Systems Private Limited reported revenue of ₹64.8 Cr (down 4% YoY) for FY 2024.
Revenue · FY 2024
₹64.8 Cr ▼ 4%
Net profit · FY 2024
₹35.8 Lakh margin 0.6%
EBITDA · FY 2024
₹1.41 Cr margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 1%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 8%
5 years · compounded
▲ 1%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 8% 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 |
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| EBITDA | ₹1.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹35.8 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Initiative Data Systems Private Limited, buy the company report.
Board of directors of Initiative Data Systems Private Limited
Initiative Data Systems has 7 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Khattry Also directs: F.I.Fertilizers LLP, Sindhuja Fashions Private Limited | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
| Kanahiya Lal | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
| Mohan Kumar Also directs: F.I.Fertilizers LLP, Sindhuja Fashions Private Limited | Director | 18 Jan 1999 | 27 Years 9 Months | Current |
| Virendra Kumar | Additional Director | 06 Apr 2019 | 7 Years 7 Months | Current |
| Amit Khatri | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
| Viveka Nand Also directs: F.I.Fertilizers LLP, Sindhuja Fashions Private Limited | Director | 18 Jan 1999 | 27 Years 9 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Initiative Data Systems Private Limited is audited by S K JINDAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K JINDAL & CO. | FY 2023 | 001242C |
Shareholding
The shareholding of Initiative Data Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Initiative Data Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.12 Cr
Satisfied charges
₹12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2015 | 10587992 | Hdfc Bank Limited | ₹11.1 Cr | Open | |
| 05 Aug 2002 | 90277396 | Canara Bank | ₹2 Lakh | Open | |
| 29 Apr 2022 | 100576565 | Others | ₹9 Cr | Satisfied | |
| 31 Jul 2002 | 90277393 | Canara Bank | ₹3 Cr | Satisfied |
To see the full charge records of Initiative Data Systems Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Initiative Data Systems 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 Initiative Data Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Initiative Data Systems Private Limited has a workforce of 26 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-10.3%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 26 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Initiative Data Systems Private Limited, buy the company report.
GST
Initiative Data Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCI1559C1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Initiative Data Systems Private Limited, buy the company report.
Recent activity
Initiative Data Systems Private Limited has 7 board changes on record since 1999: 7 appointments. The latest: Harish Kumar was appointed as Director on 18 Jun 2025.
AGM
Initiative Data Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Harish Kumar was appointed as Director.
Appointed
Kanahiya Lal was appointed as Director.
Appointed
Subhash Khattry was appointed as Director.
Filing
Initiative Data Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur.
Charges
A charge with Hdfc Bank Limited of Rs. 1,110.00 Lakh registered on 22 Jun 2015 with Charge ID 10587992 was modified on 05 Jul 2024.
Appointed
Amit Khatri was appointed as Director.
Charges
A charge registered on 29 Apr 2022 via Charge ID 100576565 with Others was fully satisfied on 03 Jul 2023.
Charges
A charge with Others amounted to Rs. 900.00 Lakh with Charge ID 100576565 was registered on 29 Apr 2022.
Appointed
Virendra Kumar was appointed as Additional Director.
Charges
A charge registered on 31 Jul 2002 via Charge ID 90277393 with Canara Bank was fully satisfied on 26 Oct 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,110.00 Lakh with Charge ID 10587992 was registered on 22 Jun 2015.
7 earlier events are in the company report.
Frequently asked questions
Initiative Data Systems is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 18 January 1999 (27+ years old) and is registered under CIN U72501UP1999PTC024128.
Initiative Data Systems has 7 current directors:
- Subhash Khattry - Director
- Kanahiya Lal - Director
- Mohan Kumar - Director
- Virendra Kumar - Additional Director
- Amit Khatri - Director
- Viveka Nand - Director
- Harish Kumar - Director
The latest financial statements of Initiative Data Systems 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 Initiative Data Systems is 09AABCI1559C1ZT, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Initiative Data Systems is U72501UP1999PTC024128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Initiative Data Systems was incorporated on 18 January 1999, making it 27+ years old. It is registered with the Registrar of Companies, Kanpur.
Harish Kumar was appointed as Director on 18 Jun 2025. Kanahiya Lal was appointed as Director on 18 Jun 2025. Subhash Khattry was appointed as Director on 18 Jun 2025. Initiative Data Systems has 7 board changes on record in total.
Yes, Initiative Data Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-50-0000176).
Initiative Data Systems can be reached through the website initiative.co.in. Its registered office is in Lucknow, Uttar Pradesh, India.
The registered office of Initiative Data Systems is at 9 – D Singar Nagaralambagh Kanpur Road Lucknow, Uttar Pradesh, India – 226005.
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