MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0009541
Innovative Coverage Solutions Private Limited - telecom in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹9.49 Cr
▼ 16% YoY
Net profit · FY 2023
₹31.07 Lakh
Net margin 3.3%
EBITDA · FY 2023
₹1.01 Cr
EBITDA margin 10.6%
Authorised capital
₹11.5 Cr
Registered with MCA
Paid-up capital
₹11.27 Cr
Issued & subscribed
Open charges
₹33.66 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
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.
Innovative Coverage Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0009541). 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.
Company details
CIN U72200MH2008PTC187078
Registration Number 187078
Incorporation Date 25 September 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Parent Company Microqual Techno Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0009541
Recognitions & Rankings of Innovative Coverage Solutions
Contact details
Innovative Coverage Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is microqual.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address306 Laxmi Plaza Laxmi Industrial Estate New Link Road Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Innovative Coverage Solutions Private Limited, buy the company report.
Comprehensive company report
Innovative Coverage Solutions Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Innovative Coverage Solutions Private Limited, buy the company report.
Financials of Innovative Coverage Solutions Private Limited
FY 2023 filings availableInnovative Coverage Solutions Private Limited reported revenue of ₹9.49 Cr (down 16% YoY) for FY 2023.
Revenue · FY 2023
₹9.49 Cr ▼ 16%
Net profit · FY 2023
₹31.07 Lakh margin 3.3%
EBITDA · FY 2023
₹1.01 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 7%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 28%
5 years · compounded
▼ 20%
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
| 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 | |||||
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| Inventories | |||||
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Financial Ratios
| 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) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Innovative Coverage Solutions Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meeradevi Chaudhary | Director | 11 Dec 2019 | 6 Years 10 Months | Current |
| Balkishan Radhakishan Choudhary Also directs: Shaurrya Teleservices Private Limited, PMC Trading Private Limited | Director | 03 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Innovative Coverage Solutions Private Limited is audited by Ajay Shobha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ajay Shobha & Co. | FY 2023 | 317081E |
Shareholding
The shareholding of Innovative Coverage 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 Innovative Coverage Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹33.66 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2020 | 100365782 | Sidbi | ₹65.9 Lakh | Open | |
| 06 Mar 2014 | 10482297 | Essential Energy (Operations) India Private Limited | ₹18 Cr | Open | |
| 29 Dec 2012 | 10394673 | Small Industries Development Bank of India | ₹15 Cr | Open |
To see the full charge records of Innovative Coverage Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Innovative Coverage Solutions Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
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 M/S the Ocean Pearl Hotels Pvt Ltd., Represented by Its Vice President | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Filed against the company by M/S the Ocean Pearl Hotels Pvt Ltd., Represented by Its Vice President | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal complaint | Filed against the company by Essential Energy Operations India P.Ltd., | Disposed |
To see the full case history of Innovative Coverage 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
No delayed payments to MSME suppliers are on our record for Innovative Coverage Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Coverage Solutions has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| 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 |
To see the full GST registrations and return filing status of Innovative Coverage Solutions Private Limited, buy the company report.
Recent activity
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.
AGM
Innovative Coverage Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Innovative Coverage Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Ceased
Meeradevi Chaudhary ceased to be Additional Director.
Charges
A charge with Sidbi amounted to Rs. 0.66 Cr with Charge ID 100365782 was registered on 08 Sep 2020.
Ceased
Mahesh Balkishan Choudhary ceased to be Director.
Appointed
Meeradevi Chaudhary was appointed as Director.
Charges
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.
Charges
A charge with Small Industries Development Bank Of India of Rs. 15.00 Cr registered on 29 Dec 2012 with Charge ID 10394673 was modified on 05 Mar 2014.
Ceased
Kumar Shiralagi ceased to be Director.
Charges
A charge with Small Industries Development Bank Of India amounted to Rs. 15.00 Cr with Charge ID 10394673 was registered on 29 Dec 2012.
Appointed
Balkishan Radhakishan Choudhary was appointed as Director.
Incorporation
25 Sep 2008
Innovative Coverage Solutions Private Limited was registered on 25 Sep 2008 with Roc Mumbai & aged 18 years 1 month as per MCA records.
Frequently asked questions
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 has 2 current directors:
- Meeradevi Chaudhary - Director
- Balkishan Radhakishan Choudhary - Director
The latest financial statements of Innovative Coverage Solutions 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.
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.
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.
Yes, Innovative Coverage Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0009541).
Innovative Coverage Solutions can be reached through the website microqual.com. Its registered office is in Mumbai, Maharashtra, India.