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About Innovative Management Solutions (India) Private Limited
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Innovative Management Solutions (India) Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the facility management segment of the business services sector. It was incorporated on 31 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2010PTC075905. Its GSTIN is 33AACCI3357H2ZQ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Damodharan Pradeep Kumar (Managing Director) and Beena Pradeep Kumar.
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 Samriddhi 3 – C Hmhplaza 56G.N.Chettyroad Tnagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.49 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹44.77 Lakh (net margin -271.5%) and EBITDA of ₹2.97 Lakh (EBITDA margin 18%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.4 Cr and satisfied charges of ₹1.3 Cr on record. Court records list 41 cases involving the company, including 38 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website innovativebusinessgroup.com.
Company details
Contact details
Innovative Management Solutions (India) Private Limited's registered office is in Chennai, Tamil Nadu. Its website is innovativebusinessgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSamriddhi 3 – C Hmhplaza 56G.N.Chettyroad Tnagar, Chennai, Tamil Nadu, India – 600017
- IndustryBusiness Services, Facility Management
To see the full contact details of Innovative Management Solutions (India) Private 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
Business activity
The main business activity of Innovative Management Solutions (India) is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Innovative Management Solutions (India) Private Limited, buy the company report.
Financials of Innovative Management Solutions (India) Private Limited
FY 2023 filings availableInnovative Management Solutions (India) Private Limited reported revenue of ₹16.49 Lakh (up 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 61%. EBITDA rose 81% 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 | ₹16.49 Lakh | ||||
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| EBITDA | ₹2.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹44.77 Lakh | ||||
| Balance Sheet | |||||
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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 | 18% | ||||
| Net Profit Margin | -271.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Innovative Management Solutions (India) Private Limited, buy the company report.
Board of directors of Innovative Management Solutions (India) Private Limited
Innovative Management Solutions (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Damodharan Pradeep Kumar | Managing Director | 31 May 2010 | 16 Years 5 Months | Current |
| Beena Pradeep Kumar | Director | 31 May 2010 | 16 Years 5 Months | Current |
Auditor
Innovative Management Solutions (India) Private Limited is audited by M R HARSHA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R HARSHA AND COMPANY | FY 2023 | 015561S |
Shareholding
The shareholding of Innovative Management Solutions (India) Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innovative Management Solutions (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2014 | 10526995 | Axis Bank Limited | ₹3.4 Cr | Open | |
| 11 Sep 2014 | 10525221 | Axis Bank Limited | ₹1 Cr | Open | |
| 22 Nov 2013 | 10465914 | The Ratnakar Bank Limited | ₹1.3 Cr | Satisfied |
To see the full charge records of Innovative Management Solutions (India) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Innovative Management Solutions (India) Private Limited has 41 court cases on record: 38 filed by Innovative Management Solutions (India), 3 filed against it. 3 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 3 | 3 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Axis Bank Ltd | Pending |
| District court, Chennai, Tamil Nadu | Appeal | Filed by the company against Axis Bank Limited Southern Recovery Cell Represented by Its Assistant Vice President Mr Krishnakumar | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S Axis Bank Ltd Rep by A.Wilson | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Innovative Management Solutions (India) 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 Management Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Management Solutions (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCI3357H2ZQ | Tamil Nadu | Active | 24 Jun 2022 |
To see the full GST registrations and return filing status of Innovative Management Solutions (India) Private Limited, buy the company report.
Recent activity
Innovative Management Solutions (India) Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Shraddha Nair ceased to be Director on 12 Feb 2024.
Frequently asked questions
Innovative Management Solutions (India) is an active private limited company based in Chennai, Tamil Nadu, India. The company works in facility management, within the business services industry. It was incorporated on 31 May 2010 (16+ years old) and is registered under CIN U74900TN2010PTC075905.
Innovative Management Solutions (India) has 2 current directors:
- Damodharan Pradeep Kumar - Managing Director
- Beena Pradeep Kumar - Director
The latest financial statements of Innovative Management Solutions (India) 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 Management Solutions (India) is 33AACCI3357H2ZQ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Management Solutions (India) is U74900TN2010PTC075905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Management Solutions (India) has 41 court cases on record: 38 filed by the company and 3 filed against it. 3 are pending.
Innovative Management Solutions (India) was incorporated on 31 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Shraddha Nair ceased to be Director on 12 Feb 2024. Shruti Nair ceased to be Director on 12 Feb 2024. Beena Pradeep Kumar was appointed as Director on 31 May 2010. Innovative Management Solutions (India) has 4 board changes on record in total.
Innovative Management Solutions (India) can be reached through the website innovativebusinessgroup.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Innovative Management Solutions (India) is at Samriddhi 3 – C Hmhplaza 56G.N.Chettyroad Tnagar, Chennai, Tamil Nadu, India – 600017.
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