About Innovite Solutions Private Limited
Data last updated:
Innovite Solutions Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer programming segment of the technology and IT services sector. It was incorporated on 12 February 2016.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2016PTC104138.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Kannammal Thiruvengadasamy and Ramabadran.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at 30/36 Car Street Triplicane, Chennai, Tamil Nadu, India – 600005.
As per the financials filed for FY 2020, the company reported a revenue of ₹50,509, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹1.72 Lakh (net margin -341.3%) and EBITDA of -₹1.72 Lakh (EBITDA margin -340.5%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The last known website on record is innovitesolutions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address30/36 Car Street Triplicane, Chennai, Tamil Nadu, India – 600005
- IndustryInformation Technology, Computer Programming, Consultancy
- 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 Innovite Solutions Private Limited
The main business activity of Innovite Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Innovite Solutions Private Limited FY 2020 filings available
Innovite Solutions Private Limited reported revenue of ₹50,509 (down 99% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Innovite Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 99% fall in the latest year. EBITDA fell 370% 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 Innovite Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | -₹1.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.72 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 Innovite Solutions Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -340.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -341.3% | •••• | •••• | •••• | •••• |
| 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 Innovite Solutions are in the company report.
Financial statements from FY 2016
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.
Board of Directors of Innovite Solutions Private Limited
Innovite Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kannammal Thiruvengadasamy | Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
| Ramabadran | Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
Peer Comparison of Innovite Solutions Private Limited
Innovite Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aindriya Marketing Solutions Private Limited | ₹50,764 (FY 2022) | •••• | •••• | 888.0% | •••• | Edappally, Kerala, India |
| Incubrain Private Limited | ₹50,683 (FY 2025) | •••• | •••• | -86.0% | •••• | Pune, Maharashtra, India |
| Krishna Web-Tech Private Limited | ₹50,585 (FY 2018) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
| Techtela Private Limited | ₹50,564 (FY 2017) | •••• | •••• | •••• | Delhi, India | |
| Wurde Software Technologies Private Limited | ₹50,540 (FY 2019) | •••• | •••• | -41.0% | •••• | Arundelpet Guntur, Andhra Pradesh, India |
| Innovite Solutions Private Limited this company | ₹50,509 (FY 2020) | •••• | •••• | -99.0% | •••• | Chennai, Tamil Nadu, India |
| Global Kreations Private Limited | ₹50,411 (FY 2024) | •••• | •••• | -43.0% | •••• | Mumbai, Maharashtra, India |
| Aiesha Capital Advisory Services Private Limited | ₹50,220 (FY 2020) | •••• | •••• | -50.0% | •••• | Jaipur, Rajasthan, India |
| Charteredways Services Private Limited | ₹50,175 (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| 1 World Training Private Limited | ₹50,160 (FY 2023) | •••• | •••• | -95.0% | •••• | Hyderabad, Telangana, India |
| Merus Services Private Limited | ₹50,125 (FY 2018) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovite Solutions by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Innovite Solutions Private Limited
Innovite Solutions Private Limited is audited by M Jayaraman for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M Jayaraman | 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.
Ownership and Shareholding of Innovite 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 Innovite Solutions Private Limited
Innovite Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovite Solutions Private Limited
Employment history and EPFO contributions of people linked to Innovite 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 Innovite Solutions Private Limited
Innovite Solutions Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Kannammal Thiruvengadasamy was appointed as Director on 12 Feb 2016.
Credit Ratings, Litigation & Regulatory Alerts for Innovite 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 Innovite 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 Innovite 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 Innovite Solutions Private Limited
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 Innovite 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 Innovite Solutions Private Limited
Innovite Solutions has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Innovite Solutions was a private limited company based in Chennai, Tamil Nadu, India. The company worked in computer programming, within the information technology industry. It was incorporated on 12 February 2016 and is registered under CIN U74900TN2016PTC104138. The company has been struck off by the Registrar of Companies and is no longer operational.
Innovite Solutions had 2 directors:
- Kannammal Thiruvengadasamy - Director
- Ramabadran - Director
The CIN (Corporate Identification Number) of Innovite Solutions is U74900TN2016PTC104138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Innovite Solutions is at 3036 Car Street Triplicane, Chennai, Tamil Nadu, India – 600005.
Innovite Solutions was incorporated on 12 February 2016. It is registered with the Registrar of Companies, Chennai.
Innovite Solutions can be reached through the website innovitesolutions.com. Its registered office is in Chennai, Tamil Nadu, India.
Innovite Solutions reported revenue of ₹50,509 for FY 2020 (down 99% YoY).
Innovite Solutions has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Innovite Solutions reported a net loss of ₹1.72 Lakh (net margin -341.3%) and EBITDA of -₹1.72 Lakh (EBITDA margin -340.5%) for FY 2020, as per its filed financial statements.
Innovite Solutions operated in the information technology industry, in the computer programming segment. It worked in this industry before it was struck off.