About Innovative Coverage Solutions Private Limited
Data last updated:
Innovative Coverage Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Microqual Techno Limited. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 25 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2008PTC187078. Its GSTIN is 27AAGCM0857Q1ZU (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹11.27 Cr. It was formerly known as Microqual Coverage Solutions Private Limited. It is led by directors Meeradevi Chaudhary and Balkishan Radhakishan Choudhary.
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 306 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.49 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹31.07 Lakh (net margin 3.3%) and EBITDA of ₹1.01 Cr (EBITDA margin 10.6%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹33.66 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website microqual.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address306 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryTelecom, ISP & Broadband Services
- 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
- One PDF report, delivered after checkout
Business Activity of Innovative Coverage Solutions Private Limited
The main business activity of Innovative Coverage Solutions is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Innovative Coverage Solutions Private Limited FY 2023 filings available
Innovative Coverage Solutions Private Limited reported revenue of ₹9.49 Cr (down 16% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Innovative Coverage Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 16% fall in the latest year. EBITDA fell 43% 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 of Innovative Coverage Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹9.49 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.07 Lakh | •••• | •••• | •••• | •••• |
| 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 of Innovative Coverage Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Innovative Coverage Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions Private Limited is compared with the companies closest to it by revenue in the Telecom industry (Landline ISP and Broadband). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tapee Trade Service Private Limited | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| Smartware Technologies Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Morse Micro India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore South, Karnataka, India |
| Limerick Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Hyosec Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Innovative Coverage Solutions Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Infynix Data Services Private Limited | •••• | •••• | •••• | •••• | - | Sadar Bazar, Haryana, India |
| Digital Cable Broadband Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Dsoft Buildcon Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Tata Internet Services Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Salka Global Technologies Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovative Coverage Solutions by revenue in the Telecom industry (Landline ISP and Broadband), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions Private Limited is audited by Ajay Shobha & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ajay Shobha & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meeradevi Chaudhary | Director | 11 Dec 2019 | 6 Years 9 Months | Current |
| Balkishan Radhakishan Choudhary Also directs: Shaurrya Teleservices Private Limited, PMC Trading Private Limited | Director | 03 Oct 2012 | 14 Years 0 Months | Current |
Ownership and Shareholding of Innovative Coverage Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innovative Coverage Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2020 | Sidbi | ₹65.9 Lakh | Open |
| 06 Mar 2014 | Essential Energy (Operations) India Private Limited | ₹18 Cr | Open |
| 29 Dec 2012 | Small Industries Development Bank of India | ₹15 Cr | Open |
Total charge records: 3 View all charges
Legal Cases of Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Com.O.S.) | Filed against the company by Ocean Pearl Hotels Private Limited | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Filed against the company by Ocean Pearl Hotels Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Essential Energy (Operations) India Private Limited | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Innovative Coverage Solutions Private Limited
Employment history and EPFO contributions of people linked to Innovative Coverage Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions Private Limited has 5 board changes on record since 2012: 2 appointments and 3 cessations. The latest: Meeradevi Chaudhary ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Coverage Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Innovative Coverage Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innovative Coverage Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM0857Q1ZU | Maharashtra | Active | 01 Jul 2017 |
| 29AAGCM0857Q1ZQ | Karnataka | Active | 01 Jul 2017 |
| 36AAGCM0857Q1ZV | Telangana | Active | 21 Jul 2017 |
| 07AAGCM0857Q1ZW | Delhi | Active | 27 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innovative Coverage Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innovative Coverage Solutions Private Limited
Innovative Coverage Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 25 September 2008 (18+ years old) and is registered under CIN U72200MH2008PTC187078.
Innovative Coverage Solutions reported revenue of ₹9.49 Cr for FY 2023 (down 16% YoY).
Innovative Coverage Solutions has 2 current directors:
- Meeradevi Chaudhary - Director
- Balkishan Radhakishan Choudhary - Director
Innovative Coverage Solutions reported a net profit of ₹31.07 Lakh (net margin 3.3%) and EBITDA of ₹1.01 Cr (EBITDA margin 10.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Coverage Solutions is -7% over three years and -6% over five years. In the latest year (FY 2023) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovative Coverage Solutions is 27AAGCM0857Q1ZU, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 29AAGCM0857Q1ZQ (Karnataka), 36AAGCM0857Q1ZV (Telangana), 07AAGCM0857Q1ZW (Delhi).
The CIN (Corporate Identification Number) of Innovative Coverage Solutions is U72200MH2008PTC187078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Coverage Solutions has 3 court cases on record: 3 filed against it.
Innovative Coverage Solutions was incorporated on 25 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovative Coverage Solutions by revenue are Tapee Trade Service Private Limited, Smartware Technologies Private Limited, Morse Micro India Private Limited, Limerick Technologies Private Limited, Hyosec Solutions Private Limited and 5 more, all in the Telecom industry (Landline ISP and Broadband).
Meeradevi Chaudhary ceased to be Additional Director on 31 Dec 2020. Mahesh Balkishan Choudhary ceased to be Director on 11 Dec 2019. Meeradevi Chaudhary was appointed as Director on 11 Dec 2019. Innovative Coverage Solutions has 5 board changes on record in total.