About Innovsource Facilities Private Limited
Data last updated:
Innovsource Facilities Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Firstmeridian Business Services Limited. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC291767. Its GSTIN is 27AAECI4015J1ZO (Maharashtra). The company holds 23 GST registrations, all of them active.
The company has an authorised share capital of ₹5.1 Cr and a paid-up capital of ₹4.89 Cr. It is led by directors including Manmeet Singh and Srinivasan Satish.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.38 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹38.5 Lakh (net margin 1%) and EBITDA of ₹46.5 Lakh (EBITDA margin 1.2%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 1,304 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Innovsource Services. Court records list 8 cases involving the company, including 1 filed by the company and 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innov.in.
Company details
Contact details
Innovsource Facilities Private Limited's registered office is in Mumbai, Maharashtra. Its website is innov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address401 4th Floor Om Sadan Mehra Estate, Opp Union Bank Of India Lbs Road Vikroli, Mumbai, Maharashtra, India – 400079
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Innovsource Facilities 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
Brands
Innovsource Facilities operates one associated brand: Innovsource Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of recruitment services | innov.in |
Business activity
The main business activity of Innovsource Facilities is support service to organizations. In detail, this covers housekeeping & maintenance service.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N5 | Housekeeping & maintenance service |
To see the full business activity and turnover split of Innovsource Facilities Private Limited, buy the company report.
Financials of Innovsource Facilities Private Limited
FY 2025 filings availableInnovsource Facilities Private Limited reported revenue of ₹37.38 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 1% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹46.5 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.5 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Innovsource Facilities Private Limited, buy the company report.
Board of directors of Innovsource Facilities Private Limited
Innovsource Facilities has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manmeet Singh | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
| Nilay Pratik | Nominee Director | 28 Jun 2018 | 8 Years 4 Months | Current |
| Srinivasan Satish Also directs: New Lane Trading LLP, Firstmeridian Global Services Private Limited, Surge Forth Technologies Private Limited and 1 more | Director | 19 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Innovsource Facilities Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Innovsource Facilities Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovsource Facilities Private Limited, buy the company report.
Legal cases
Innovsource Facilities Private Limited has 8 court cases on record: 1 filed by Innovsource Facilities, 7 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Ms Rafi Lifecare Hospital | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The State of Gujarat | Disposed |
| District court, Ernakulam, Kerala | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Innovsource Facilities 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
Innovsource Facilities Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 9 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Greytip Software Private Limited | |||
| an individual supplier | |||
| Impressive9 LLP |
To see the full MSME payment records of Innovsource Facilities Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Innovsource Facilities Private Limited has a workforce of 1,304 employees on its EPFO records as of Oct 10, 2025, across 2 active EPFO establishments.
GST
Innovsource Facilities has 23 GST registrations: 23 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI4015J1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AAECI4015J2ZN | Maharashtra | Active | 02 Apr 2025 |
| 04AAECI4015J1ZW | Chandigarh | Active | 01 Jul 2017 |
| 09AAECI4015J1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovsource Facilities Private Limited, buy the company report.
Recent activity
Innovsource Facilities Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Sudhakar Balakrishnan ceased to be Nominee Director on 22 Nov 2024.
2 earlier events are in the company report.
Frequently asked questions
Innovsource Facilities is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 February 2017 (9+ years old) and is registered under CIN U74999MH2017PTC291767.
Innovsource Facilities has 3 current directors:
- Manmeet Singh - Director
- Nilay Pratik - Nominee Director
- Srinivasan Satish - Director
The latest financial statements of Innovsource Facilities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Innovsource Facilities is 27AAECI4015J1ZO, registered in Maharashtra. The company has 23 GST registrations in all, of which 23 are active. Other active GSTINs include 27AAECI4015J2ZN (Maharashtra), 04AAECI4015J1ZW (Chandigarh), 09AAECI4015J1ZM (Uttar Pradesh).
The CIN (Corporate Identification Number) of Innovsource Facilities is U74999MH2017PTC291767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovsource Facilities has 8 court cases on record: 1 filed by the company and 7 filed against it. 1 is pending.
Innovsource Facilities was incorporated on 28 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Sudhakar Balakrishnan ceased to be Nominee Director on 22 Nov 2024. Manmeet Singh was appointed as Director on 19 Sep 2024. Manmeet Singh ceased to be Additional Director on 19 Sep 2024. Innovsource Facilities has 11 board changes on record in total.
Innovsource Facilities has 2 MSME Form 1 returns on record between 2023 and 2024, listing 9 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Innovsource Facilities can be reached through the website innov.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Innovsource Facilities is at 401 4th Floor Om Sadan Mehra Estate, Opp Union Bank Of India Lbs Road Vikroli, Mumbai, Maharashtra, India – 400079.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
