About Innovari Technologies Private Limited
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Innovari Technologies Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Innovari Nl B.V. Netherlands. 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 power epc, bop and btg services segment of the energy and power sector. It was incorporated on 22 November 2014.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2014FTC273456. Its GSTIN is 19AADCI6771J1Z3 (West Bengal). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Christopher Wayne Hickman and Preetha Nair.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at E – 20 1st & 2nd Floor Hauz Khas, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2017, the company reported a revenue of ₹2.58 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹8.08 Cr (net margin -313.2%) and EBITDA of -₹7.67 Cr (EBITDA margin -297.3%).
The company is associated with 1 brand: Innovari. As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The last known website on record is innovari.com.
Company details
Contact details
Innovari Technologies Private Limited's registered office is in New Delhi, Delhi. Its website is innovari.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressE – 20 1st & 2nd Floor Hauz Khas, New Delhi, Delhi, India – 110016
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Innovari Technologies 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
Brands
Innovari Technologies operates one associated brand: Innovari. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy platform to integrate demand side management, grid optimization, distributed energy resources integration and customer engagement. | innovari.com |
Business activity
The main business activities of Innovari Technologies are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Innovari Technologies Private Limited, buy the company report.
Financials of Innovari Technologies Private Limited
FY 2017 filings availableInnovari Technologies Private Limited reported revenue of ₹2.58 Cr (up 16% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year. EBITDA rose 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2.58 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹7.67 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.08 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -297.3% | ||
| Net Profit Margin | -313.2% | ||
| 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 Innovari Technologies Private Limited, buy the company report.
Board of directors of Innovari Technologies Private Limited
Innovari Technologies has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Christopher Wayne Hickman | Director | 05 Feb 2015 | 11 Years 8 Months | As last reported |
| Preetha Nair | Director | 22 Nov 2014 | 11 Years 11 Months | As last reported |
Auditor
Innovari Technologies Private Limited is audited by B A S K & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B A S K & ASSOCIATES | FY 2017 | 013552N |
Shareholding
The shareholding of Innovari Technologies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Innovari Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jul 2016 | 100039816 | Others | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Innovari Technologies Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 2 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Criminal case | Filed against the company by M/S Narendra Singhania and Co. | Disposed |
To see the full case history of Innovari Technologies 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
No delayed payments to MSME suppliers are on our record for Innovari Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovari Technologies has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCI6771J1Z3 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovari Technologies Private Limited, buy the company report.
Recent activity
Innovari Technologies Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Rangnath Jha ceased to be Director on 15 Feb 2018.
News
Frequently asked questions
Innovari Technologies 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.
Innovari Technologies is a company under liquidation, formerly operating as a foreign private limited company based in New Delhi, Delhi, India. The company works in power epc, bop and btg services, within the energy and power industry. It was incorporated on 22 November 2014 and is registered under CIN U74140DL2014FTC273456. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Innovari Technologies has 2 current directors:
- Christopher Wayne Hickman - Director
- Preetha Nair - Director
The latest financial statements of Innovari Technologies on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Innovari Technologies is U74140DL2014FTC273456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovari Technologies has open charges of ₹5 Cr and no satisfied charges on record as per latest MCA filings.
Innovari Technologies has 3 court cases on record: 3 filed against it. 1 is pending. Most are in the nclat.
Innovari Technologies was incorporated on 22 November 2014. It is registered with the Registrar of Companies, Delhi.
Rangnath Jha ceased to be Director on 15 Feb 2018. Preetha Nair ceased to be Director on 13 Feb 2018. James Edmund Tillett ceased to be Director on 31 Jul 2016. Innovari Technologies has 7 board changes on record in total.
Innovari Technologies can be reached through the website innovari.com. Its registered office is in New Delhi, Delhi, India.