About Innova Solutions Private Limited
Data last updated:
Innova Solutions Private Limited was a foreign private limited company based in Kanchipuram, Tamil Nadu, India, operated as a subsidiary of Innova Solutions Inc., Usa. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 15 November 2006.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2006FTC061524. Its GSTIN is 33AACCC9321M1ZM (Tamil Nadu). The company held 5 GST registrations, all of them active.
The company had an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹1.05 Cr. It was formerly known as Clairvoyant Tech Soft Private Limited. It was led by directors including Rajiv Sardana and Mohd Soheb Alam.
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 was at Kanchipuram, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹199.79 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹17.81 Cr (net margin 8.9%) and EBITDA of ₹28.06 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 18% over five years.
The company had about 770 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹20.06 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is innovasolutions.com.
Company details
Contact details
Innova Solutions Private Limited's registered office is in Kanchipuram, Tamil Nadu. Its website is innovasolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPurva Primus 12th Floor, No 236 Okhiyampettai Old Mahabali Road, Kanchipuram, Tamil Nadu, India – 600097
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Innova 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 Innova 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 Innova Solutions Private Limited, buy the company report.
Financials of Innova Solutions Private Limited
FY 2024 filings availableInnova Solutions Private Limited reported revenue of ₹199.79 Cr (down 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 25% 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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| Total Expenses | |||||
| EBITDA | ₹28.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.81 Cr | ||||
| 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 | 14% | ||||
| Net Profit Margin | 8.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Innova Solutions Private Limited, buy the company report.
Board of directors of Innova Solutions Private Limited
Innova Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Sardana Also directs: Hiregenics India LLP, Volt Information Sciences Consulting Private Limited, PV Softech Private Limited and 1 more | Director | 08 Aug 2019 | 7 Years 2 Months | As last reported |
| Mohd Soheb Alam | Director | 18 Aug 2022 | 4 Years 2 Months | As last reported |
| Sunita Thakur | Director | 18 Aug 2022 | 4 Years 2 Months | As last reported |
Peer comparison
Innova Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CSM Technologies Limited | ₹200.63 Cr (FY 2025) | 1.0% | Bhubaneswar, Odisha, India | |||
| Excelsoft Technologies Limited | ₹200.55 Cr (FY 2024) | 1.0% | Mysore, Karnataka, India | |||
| Shopsense Retail Technologies Limited | ₹200.24 Cr (FY 2025) | 70.0% | Mumbai, Maharashtra, India | |||
| Qualitest Infotech Private Limited | ₹200.04 Cr (FY 2025) | -17.0% | Delhi, India | |||
| Nitor Infotech Private Limited | ₹199.81 Cr (FY 2025) | 25.0% | Pune, Maharashtra, India | |||
| Innova Solutions Private Limitedthis company | ₹199.79 Cr (FY 2024) | ₹17.81 Cr | 8.9% | -21.0% | 770 | Kanchipuram, Tamil Nadu, India |
| Kochar Infotech Limited | ₹199.67 Cr (FY 2025) | 20.0% | Punjab, India | |||
| Birdeye Software India Private Limited | ₹198.74 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Payu Digital Labs Private Limited | ₹198.44 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| Ot Privacy Software Private Limited | ₹197.41 Cr (FY 2025) | 24.0% | Bangalore, Karnataka, India | |||
| Best Hawk Infosystems Private Limited | ₹197.41 Cr (FY 2025) | 25.0% | New Delhi, Delhi, India |
To see the full peer comparison of Innova Solutions Private Limited, buy the company report.
Auditor
Innova Solutions Private Limited is audited by Ghosh Khanna & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ghosh Khanna & Co. LLP | FY 2023 | 003366N |
Shareholding
The shareholding of Innova Solutions 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 Innova Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jul 2017 | 100115682 | Axis Bank Limited | ₹5.4 Cr | Satisfied | |
| 30 Mar 2016 | 100029156 | Hdfc Bank Limited | ₹2 Cr | Satisfied | |
| 17 Sep 2012 | 10379886 | Icici Bank Limited | ₹6.6 Cr | Satisfied | |
| 05 Mar 2011 | 10275026 | State Bank of India | ₹50 Lakh | Satisfied | |
| 18 Mar 2009 | 10156920 | Hdfc Bank Limited | ₹36.24 Lakh | Satisfied |
To see the full charge records of Innova Solutions Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Innova Solutions Private Limited has 1 court case on record: 1 filed by Innova Solutions. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Innova 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
Innova Solutions Private Limited has 11 MSME Form 1 returns on record between 2022 and 2024, listing 90 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mynd Integrated Solutions Private Limited | |||
| Telemerge IT Services Private Limited | |||
| an individual supplier | |||
| Eminence Tech System Private Limited | |||
| HNS Recruitment Solutions LLP |
To see the full MSME payment records of Innova Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Innova Solutions Private Limited has a workforce of 770 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Innova Solutions has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCC9321M1ZM | Tamil Nadu | Active | 01 Jul 2017 |
| 36AACCC9321M1ZG | Telangana | Active | 01 Jul 2017 |
| 37AACCC9321M1ZE | Andhra Pradesh | Active | 05 Apr 2018 |
| 29AACCC9321M1ZB | Karnataka | Active | 16 Jul 2018 |
To see the full GST registrations and return filing status of Innova Solutions Private Limited, buy the company report.
Recent activity
Innova Solutions Private Limited has 19 board changes on record since 2006: 11 appointments and 8 cessations. The latest: Shameel Sharma ceased to be Director on 27 Aug 2022.
32 earlier events are in the company report.
News
Frequently asked questions
Innova Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Innova Solutions was a foreign private limited company based in Kanchipuram, Tamil Nadu, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 15 November 2006 and is registered under CIN U72200TN2006FTC061524. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Innova Solutions was incorporated on 15 November 2006. It is registered with the Registrar of Companies, Chennai.
Innova Solutions had 3 directors:
- Rajiv Sardana - Director
- Mohd Soheb Alam - Director
- Sunita Thakur - Director
The CIN (Corporate Identification Number) of Innova Solutions is U72200TN2006FTC061524. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Innova Solutions is at Purva Primus 12th Floor, No 236 Okhiyampettai Old Mahabali Road, Kanchipuram, Tamil Nadu, India – 600097.
Innova Solutions can be reached through the website innovasolutions.com. Its registered office is in Kanchipuram, Tamil Nadu, India.
The latest financial statements of Innova Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Innova Solutions is 33AACCC9321M1ZM, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 36AACCC9321M1ZG (Telangana), 37AACCC9321M1ZE (Andhra Pradesh), 29AACCC9321M1ZB (Karnataka).
Innova Solutions operated in the information technology industry, in the IT consulting and support services segment.
The peers of Innova Solutions by revenue are CSM Technologies Limited, Excelsoft Technologies Limited, Shopsense Retail Technologies Limited, Qualitest Infotech Private Limited, Nitor Infotech Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Innova Solutions has 11 MSME Form 1 returns on record between 2022 and 2024, listing 90 overdue payments to 16 micro and small suppliers. The latest return was filed on 26 Apr 2024.
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