Innovative Energy Control Systems Private Limited
About Innovative Energy Control Systems Private Limited
Data last updated:
Innovative Energy Control Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 13 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH2014PTC253210. Its GSTIN is 27AAFCC6092C1ZR (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Convercycle Services Private Limited. It is led by directors Meghana Rashes Thakkar and Renu Rajeev Daga.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.4 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹7.9 Lakh and EBITDA of -₹7.68 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressD – 3124 3rd Floor Oberoi Garden Estate Chandivali Farm Road Chandivali Andher, I (East), Mumbai, Maharashtra, India – 400072
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
Financials of Innovative Energy Control Systems Private Limited FY 2021 filings available
Innovative Energy Control Systems Private Limited reported revenue of ₹1.4 Lakh (down 98% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Innovative Energy Control Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 75% over three years, including a 98% fall in the latest year. EBITDA fell 1% 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 Energy Control Systems Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹7.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.9 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 Energy Control Systems Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Energy Control Systems 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 Energy Control Systems Private Limited
Innovative Energy Control Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adhyayan Suppliers Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Leela Overseas Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sujir Marketing Private Limited | •••• | •••• | •••• | •••• | - | Hubli, Karnataka, India |
| Opulence Impex Private Limited | •••• | •••• | •••• | •••• | - | Nagda, Madhya Pradesh, India |
| Innovative Energy Control Systems Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Repute Batteries Private Limited | •••• | •••• | •••• | •••• | - | Shapar, Gujarat, India |
| Cee99 Bazar Private Limited | •••• | •••• | •••• | •••• | - | Narela, Delhi, India |
| Mahaveer Telecom Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Srivari Electric Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| MJ Solar Power Systems Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Patla Reality and Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Innovative Energy Control Systems by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), 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 Energy Control Systems Private Limited
Innovative Energy Control Systems Private Limited is audited by RUSTGI & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RUSTGI & ASSOCIATES | 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 Energy Control Systems Private Limited
Innovative Energy Control Systems has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meghana Rashes Thakkar | Additional Director | 23 Apr 2019 | 7 Years 5 Months | Current |
| Renu Rajeev Daga | Additional Director | 31 May 2016 | 10 Years 4 Months | Current |
Ownership and Shareholding of Innovative Energy Control Systems 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 Energy Control Systems Private Limited
Innovative Energy Control Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovative Energy Control Systems Private Limited
Employment history and EPFO contributions of people linked to Innovative Energy Control Systems.
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.
CIN History of Innovative Energy Control Systems Private Limited
Innovative Energy Control Systems has one previous CIN (Corporate Identification Number): U74999MH2014PTC253210. The current CIN is U51100MH2014PTC253210, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100MH2014PTC253210 | Current |
| U74999MH2014PTC253210 | Previous |
Recent Activity on Innovative Energy Control Systems Private Limited
Innovative Energy Control Systems Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Rajeev Rikhabdas Daga was appointed as CEO on 30 Jan 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Energy Control Systems 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 Energy Control Systems 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 Energy Control Systems 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 Energy Control Systems Private Limited
Innovative Energy Control Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCC6092C1ZR | Maharashtra | Active | 01 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 Energy Control Systems 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 Energy Control Systems Private Limited
Innovative Energy Control Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 13 February 2014 (12+ years old) and is registered under CIN U51100MH2014PTC253210.
Innovative Energy Control Systems reported revenue of ₹1.4 Lakh for FY 2021 (down 98% YoY).
Innovative Energy Control Systems has 2 current directors:
- Meghana Rashes Thakkar - Additional Director
- Renu Rajeev Daga - Additional Director
Innovative Energy Control Systems reported a net loss of ₹7.9 Lakh and EBITDA of -₹7.68 Lakh for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Energy Control Systems is -75% over three years. In the latest year (FY 2021) revenue fell 98%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovative Energy Control Systems is 27AAFCC6092C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovative Energy Control Systems is U51100MH2014PTC253210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Energy Control Systems was incorporated on 13 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovative Energy Control Systems by revenue are Adhyayan Suppliers Private Limited, Leela Overseas Private Limited, Sujir Marketing Private Limited, Opulence Impex Private Limited, Repute Batteries Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Rajeev Rikhabdas Daga was appointed as CEO on 30 Jan 2020. Rashes Thakkar Somabhai was appointed as CFO on 30 Jan 2020. Meghana Rashes Thakkar was appointed as Additional Director on 23 Apr 2019. Innovative Energy Control Systems has 10 board changes on record in total.
The registered office of Innovative Energy Control Systems is at D – 3124 3rd Floor Oberoi Garden Estate Chandivali Farm Road Chandivali Andher, I East, Mumbai, Maharashtra, India – 400072.