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Ivory Innovations Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.05 Cr
▼ 43% YoY
Net loss · FY 2024
₹16.24 Lakh
Net margin -15.5%
EBITDA · FY 2024
-₹11.33 Lakh
EBITDA margin -10.8%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ivory Innovations Private Limited
Data last updated:
Ivory Innovations Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2018PTC127549. Its GSTIN is 36AAFCI0284C1ZW (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Sateesh Kumar Gowrisetty and Varalakshmi Mallipamula.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.05 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹16.24 Lakh (net margin -15.5%) and EBITDA of -₹11.33 Lakh (EBITDA margin -10.8%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years.
For more details, the company can be reached via its website iipl.work.
Company details
CIN U72900TG2018PTC127549
Registration Number 127549
Incorporation Date 10 October 2018
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
Key People
Sateesh Kumar Gowrisetty Director Varalakshmi Mallipamula Director Mallipamula Shanmukha Ram Kumar Director Recognitions & Rankings of Ivory Innovations
Contact details
Ivory Innovations Private Limited's registered office is in Hyderabad, Telangana. Its website is iipl.work. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlotnumber 80/B Subhodaya Colony Opposite Pipeline Kukatpally Housing Board Colony Kukatpal, L, Hyderabad, Telangana, India – 500072
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Ivory Innovations Private Limited, buy the company report.
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- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Ivory Innovations is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Ivory Innovations Private Limited, buy the company report.
Financials of Ivory Innovations Private Limited
FY 2024 filings availableIvory Innovations Private Limited reported revenue of ₹1.05 Cr (down 43% YoY) for FY 2024.
Revenue · FY 2024
₹1.05 Cr ▼ 43%
Net loss · FY 2024
₹16.24 Lakh margin -15.5%
EBITDA · FY 2024
-₹11.33 Lakh margin -10.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▼ 157%
3 years · compounded
▼ 10%
5 years · compounded
▼ 20%
Revenue fell 43% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 157% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹11.33 Lakh | ||||
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| Net Profit (PAT) | -₹16.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.8% | ||||
| Net Profit Margin | -15.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ivory Innovations Private Limited, buy the company report.
Board of directors of Ivory Innovations Private Limited
Ivory Innovations has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sateesh Kumar Gowrisetty | Director | 12 Feb 2021 | 5 Years 8 Months | Current |
| Varalakshmi Mallipamula | Director | 10 Oct 2018 | 8 Years 0 Months | Current |
| Mallipamula Shanmukha Ram Kumar | Director | 10 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Ivory Innovations Private Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Devanture Technologies India Private Limited | ₹1.05 Cr (FY 2025) | 376.0% | Halhalli, Karnataka, India | |||
| Catts Technology Services (India) Private Limited | ₹1.05 Cr (FY 2025) | 12.0% | Mohali, Punjab, India | |||
| Ibraniac Software Private Limited | ₹1.05 Cr (FY 2025) | 62.0% | Pune, Maharashtra, India | |||
| Ivory Innovations Private Limitedthis company | ₹1.05 Cr (FY 2024) | -₹16.24 Lakh | -15.5% | -43.0% | Hyderabad, Telangana, India | |
| Potenza Software Services Private Limited | ₹1.05 Cr (FY 2021) | 6.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Maplitho Solutions Private Limited | ₹1.05 Cr (FY 2020) | 14.0% | Kakkanad, Kerala, India | |||
| Cheric Information Network Technologies Private Limited | ₹1.05 Cr (FY 2025) | 23.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ivory Innovations Private Limited, buy the company report.
Auditor
Ivory Innovations Private Limited is audited by A G V P & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A G V P & ASSOCIATES | FY 2021 | 022614S |
Shareholding
The shareholding of Ivory Innovations Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ivory Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ivory Innovations Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ivory Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ivory Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCI0284C1ZW | Telangana | Active | 20 Jan 2019 |
To see the full GST registrations and return filing status of Ivory Innovations Private Limited, buy the company report.
Recent activity
Ivory Innovations Private Limited has 3 board changes on record since 2018: 3 appointments. The latest: Sateesh Kumar Gowrisetty was appointed as Director on 12 Feb 2021.
AGM
Ivory Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ivory Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Appointed
Sateesh Kumar Gowrisetty was appointed as Director.
Appointed
Mallipamula Shanmukha Ram Kumar was appointed as Director.
Appointed
Varalakshmi Mallipamula was appointed as Director.
Incorporation
10 Oct 2018
Ivory Innovations Private Limited was registered on 10 Oct 2018 with Roc Hyderabad & aged 8 years 22 days as per MCA records.
Frequently asked questions
Ivory Innovations is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 October 2018 (8+ years old) and is registered under CIN U72900TG2018PTC127549.
Ivory Innovations has 3 current directors:
- Sateesh Kumar Gowrisetty - Director
- Varalakshmi Mallipamula - Director
- Mallipamula Shanmukha Ram Kumar - Director
The latest financial statements of Ivory Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ivory Innovations is 36AAFCI0284C1ZW, registered in Telangana.
The CIN (Corporate Identification Number) of Ivory Innovations is U72900TG2018PTC127549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivory Innovations was incorporated on 10 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Ivory Innovations by revenue are Devanture Technologies India Private Limited, Catts Technology Services (India) Private Limited, Ibraniac Software Private Limited, Potenza Software Services Private Limited, Maplitho Solutions Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Sateesh Kumar Gowrisetty was appointed as Director on 12 Feb 2021. Mallipamula Shanmukha Ram Kumar was appointed as Director on 10 Oct 2018. Varalakshmi Mallipamula was appointed as Director on 10 Oct 2018.
Yes, Ivory Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Ivory Innovations can be reached through the website iipl.work. Its registered office is in Hyderabad, Telangana, India.
The registered office of Ivory Innovations is at Plotnumber 80B Subhodaya Colony Opposite Pipeline Kukatpally Housing Board Colony Kukatpal, L, Hyderabad, Telangana, India – 500072.
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