Innovative Coverage Solutions Private Limited - Company Profile

It is a telecom private limited company based in Mumbai, Maharashtra, India, established in 2008.

2008 Mumbai, Maharashtra, India Active

Last Updated: January 11, 2026

About Innovative Coverage Solutions Private Limited

Innovative Coverage Solutions Private Limited, a active private limited company, was established on 25 September 2008 in Mumbai, Maharashtra, India. Engaging in isp & broadband services within the information and communication sector, it holds CIN: U72200MH2008PTC187078. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹11.50 Cr and a paid-up capital of ₹11.27 Cr.

Formerly known as Microqual Coverage Solutions Private Limited. It upholds a compliant status. Its leadership includes Meeradevi Chaudhary (Director), Balkishan Radhakishan Choudhary (Director). Past directors included Mahesh Balkishan Choudhary, Meeradevi Chaudhary, Kumar Shiralagi. It holds ₹33.66 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2023, with the balance sheet filed on 31 March 2023. It is based at 306, Laxmi Plaza, Laxmi Industrial Estate New Link Road, Andheri (W), Mumbai, Maharashtra, 400053.

Company Details

CIN/LLPIN
U72200MH2008PTC187078
Registration Number
187078
Incorporation Date
25 September 2008
Authorized Capital
₹11.50 Cr
Paid-Up Capital
₹11.27 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 11.50 Cr as on 11-01-2026
Paid Up Capital ₹ 11.27 Cr as on 11-01-2026
Company Age 17 Year, 4 Months
Last Filing with ROC 31 Mar 2023
Open Charges ₹ 33.66 Cr as on 11-01-2026
Revenue Growth **** -16.39% (FY 2023)
Profit Growth **** -54.79% (FY 2023)
Ebitda **** -43.36% (FY 2023)
Net Worth 3.05% (FY 2023)
Total Assets **** 1.90% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Innovative Coverage Solutions Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Innovative Coverage Solutions Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Meeradevi Chaudhary	Director	11 Dec 2019	Current
Balkishan Radhakishan Choudhary	Director	03 Oct 2012	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	11 Dec 2019	Past
Pramod Abcsdd	Additional Director	31 Dec 2020	Past
Pramod Abcsdd	Director	27 Mar 2013	Past

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Financial Performance of Innovative Coverage Solutions.

Innovative Coverage Solutions Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.39% decrease. The company also saw a substantial fall in profitability, with a 54.79% decrease in profit. The company's net worth moved up by a moderate rise of 3.05%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-16.39%

*******

Revenue from Operations

*******

-16.39%

*******

Total Assets

*******

1.90%

*******

Profit or Loss

*******

-54.79%

*******

Net Worth

*******

3.05%

*******

EBITDA

*******

-43.36%

*******

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What is the Ownership and Shareholding Structure of Innovative Coverage Solutions?

In 2023, Innovative Coverage Solutions had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹336,590,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Essential Energy (Operations) India Private Limited : 18.00 Cr
Small Industries Development Bank Of India : 15.00 Cr
Sidbi : 0.66 Cr

Latest Charge Details

Date	Lender	Amount	Status
08 Sep 2020	Sidbi	₹6.59 M	Open
06 Mar 2014	Essential Energy (Operations) India Private Limited	₹18.00 Cr	Open
29 Dec 2012	Small Industries Development Bank Of India	₹15.00 Cr	Open

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How Many Employees Work at Innovative Coverage Solutions?

Unlock and access historical data on people associated with Innovative Coverage Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Innovative Coverage Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Innovative Coverage Solutions's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Innovative Coverage Solutions

Recent Activity within the Organization

Annual General Meeting

Innovative Coverage Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records. was recorded as a recent event.
30 Sep 2023
Balance Sheet

Progress on Innovative Coverage Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai. was documented.
31 Mar 2023
Charges

Progress on A charge with Sidbi amounted to Rs. 0.66 Cr with Charge ID 100365782 was registered on 08 Sep 2020. was documented.
08 Sep 2020
Director Appointment

Progress on Meeradevi Chaudhary was appointed as a Director was appointed as a Director on 11 Dec 2019 & has been associated with this company since 6 years 2 months . was documented.
11 Dec 2019
Director Appointment

Pragati Laad was appointed as a Company Secretary was appointed as a Company Secretary on 01 Apr 2019 & has been associated with this company since 6 years 10 months . was recorded as a recent event.
01 Apr 2019
Charges

The activity A charge with Essential Energy (Operations) India Private Limited amounted to Rs. 18.00 Cr with Charge ID 10482297 was registered on 06 Mar 2014. was completed.
06 Mar 2014

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Frequently Asked Questions

What is the CIN of Innovative Coverage Solutions Private Limited?

The CIN of Innovative Coverage Solutions Private Limited is U72200MH2008PTC187078.

Where is Innovative Coverage Solutions Private Limited headquartered?

Innovative Coverage Solutions Private Limited is headquartered at 306, Laxmi Plaza, Laxmi Industrial Estate New Link Road, Andheri (W), Mumbai, Maharashtra, 400053.

When was Innovative Coverage Solutions Private Limited incorporated?

Innovative Coverage Solutions Private Limited was incorporated on 25 September 2008.

Who are the current directors of Innovative Coverage Solutions Private Limited?

The current directors of Innovative Coverage Solutions Private Limited are

What is the primary industry of Innovative Coverage Solutions Private Limited?

The primary industry of Innovative Coverage Solutions Private Limited is Information And Communication.

Is Innovative Coverage Solutions Private Limited a listed company?

Innovative Coverage Solutions Private Limited is unlisted.

What is the capital structure of Innovative Coverage Solutions Private Limited?

The authorized capital of Innovative Coverage Solutions Private Limited is ₹11.50 Cr, and the paid-up capital is ₹11.27 Cr.

What is the compliance status of Innovative Coverage Solutions Private Limited?

The compliance status of Innovative Coverage Solutions Private Limited is Compliant.

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