Innovations Payment Services Limited
About Innovations Payment Services Limited
Data last updated:
Innovations Payment Services Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the online payment gateways segment of the financial services sector. It was incorporated on 25 June 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65993TG1993PLC015921. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹18.15 Lakh. It was formerly known as Innovations Capital Services Ltd. It is led by directors including Lakshmi Vvv Garapati and Venu Garapati.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at H No. 8 – 2 – 269/100 Plot No. 100 Sagar Society Road No. 2 Banjara Hills, Hyderabad, Telangana, India – 500036.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Innovations Payment Services has one previous CIN (Corporate Identification Number): U65993AP1993PLC015921. The current CIN is U65993TG1993PLC015921, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TG1993PLC015921 | Current |
| U65993AP1993PLC015921 | Previous |
Contact details
Innovations Payment Services Limited's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressH No. 8 – 2 – 269/100 Plot No. 100 Sagar Society Road No. 2 Banjara Hills, Hyderabad, Telangana, India – 500036
- IndustryFinancial Services, Online Payment Gateways
To see the full contact details of Innovations Payment Services 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
Financials of Innovations Payment Services Limited
FY 2023 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Innovations Payment Services Limited, buy the company report.
Board of directors of Innovations Payment Services Limited
Innovations Payment Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmi Vvv Garapati Also directs: Innocorp Limited, Inno Projects Private Limited | Director | 05 Dec 1994 | 31 Years 10 Months | Current |
| Venu Garapati | Director | 16 Jun 2017 | 9 Years 4 Months | Current |
| Venkata Garapati Siva Sundara Prasasd Also directs: Innocorp Limited, Neuropi Tech Private Limited, Innoglobal India Private Limited and 3 more | Director | 25 Jun 1993 | 33 Years 4 Months | Current |
Auditor
Innovations Payment Services Limited is audited by M N RAO & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N RAO & ASSOCIATES | FY 2020 | 005386S |
Shareholding
The shareholding of Innovations Payment Services Limited is on record for 4 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 |
|---|---|---|---|---|
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| Domestic institutional investors (DII) | ||||
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To see the full shareholding pattern of Innovations Payment Services Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovations Payment Services 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 Innovations Payment Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovations Payment Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Innovations Payment Services Limited, buy the company report.
Recent activity
Innovations Payment Services Limited has 9 board changes on record since 1993: 3 appointments and 6 cessations. The latest: Anusha Ponugoti ceased to be Additional Director on 02 Sep 2019.
Frequently asked questions
Innovations Payment Services is an active public limited company based in Hyderabad, Telangana, India. The company works in online payment gateways, within the financial services industry. It was incorporated on 25 June 1993 (33+ years old) and is registered under CIN U65993TG1993PLC015921.
Innovations Payment Services has 3 current directors:
- Lakshmi Vvv Garapati - Director
- Venu Garapati - Director
- Venkata Garapati Siva Sundara Prasasd - Director
The latest financial statements of Innovations Payment Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Innovations Payment Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovations Payment Services is U65993TG1993PLC015921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovations Payment Services was incorporated on 25 June 1993, making it 33+ years old. It is registered with the Registrar of Companies, Hyderabad.
Anusha Ponugoti ceased to be Additional Director on 02 Sep 2019. Bhaskar Rao Yanamala ceased to be Additional Director on 02 Sep 2019. Gopal Sharma Inumella ceased to be Additional Director on 02 Sep 2019. Innovations Payment Services has 9 board changes on record in total.
The registered office of Innovations Payment Services is at H No. 8 – 2 – 269100 Plot No. 100 Sagar Society Road No. 2 Banjara Hills, Hyderabad, Telangana, India – 500036.
Innovations Payment Services operates in the financial services industry, in the online payment gateways segment.
The compliance status of Innovations Payment Services is compliant as of 16 August 2026. The company is actively filing with the Registrar of Companies.