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Locusnine Innovations Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.74 Cr
▲ 39% YoY
Net profit · FY 2024
₹1.94 Cr
Net margin 13.1%
EBITDA · FY 2024
₹2.84 Cr
EBITDA margin 19.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.11 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
33
Provident fund records
Directors on board
2
As per MCA filings
About Locusnine Innovations Private Limited
Data last updated:
Locusnine Innovations Private Limited is a private limited company based in Pune, Maharashtra, 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 07 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72100PN2019PTC187660. Its GSTIN is 27AAECL0711A1Z9 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.11 Lakh. It was formerly known as Locusnine Interactive Design Studio Private Limited. It is led by directors Kaustubh Govind Patki and Olalekan Oduwole.
Its last annual general meeting (AGM) was held on 10 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.74 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 13.1%) and EBITDA of ₹2.84 Cr (EBITDA margin 19.3%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
The company has about 33 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Locusnine. The company has 1 deal on record (1 rights issue); the latest was in September 2020. Its 9 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 4 smaller; the largest is Attinad Software Private Limited with revenue of ₹14.76 Cr.
Locusnine Innovations Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-26-0010134). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website locusnine.com.
Company details
CIN U72100PN2019PTC187660
Registration Number 187660
Incorporation Date 07 November 2019
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-MH-26-0010134
Recognitions & Rankings of Locusnine Innovations
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-26-0010134
Contact details
Locusnine Innovations Private Limited's registered office is in Pune, Maharashtra. Its website is locusnine.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8th Floor Suyog – Platinum, Bund Garden Sangamvadi, Pune, Maharashtra, India – 411001
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Locusnine Innovations Private Limited, buy the company report.
Comprehensive company report
Locusnine Innovations Private Limited - one report that includes everything
- 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
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Brands
Locusnine Innovations operates one associated brand: Locusnine. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IT service suites and diversified digital marketing solutions are provided. | locusnine.com |
Business activity
The main business activity of Locusnine 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 Locusnine Innovations Private Limited, buy the company report.
Financials of Locusnine Innovations Private Limited
FY 2024 filings availableLocusnine Innovations Private Limited reported revenue of ₹14.74 Cr (up 39% YoY) for FY 2024.
Revenue · FY 2024
₹14.74 Cr ▲ 39%
Net profit · FY 2024
₹1.94 Cr margin 13.1%
EBITDA · FY 2024
₹2.84 Cr margin 19.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 30%
EBITDA CAGR growth
3 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 39% growth 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 | ₹2.84 Cr | ||||
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| Net Profit (PAT) | ₹1.94 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 19.3% | ||||
| Net Profit Margin | 13.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Locusnine Innovations Private Limited, buy the company report.
Board of directors of Locusnine Innovations Private Limited
Locusnine Innovations has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaustubh Govind Patki Also directs: Swipenow Solutions Private Limited | Director | 25 Feb 2021 | 5 Years 8 Months | Current |
| Olalekan Oduwole | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Locusnine Innovations Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Attinad Software Private Limited | ₹14.76 Cr (FY 2019) | 12.0% | Thiruvananthapuram, Kerala, India | |||
| Boven Technologies Private Limited | ₹14.74 Cr (FY 2023) | 24.0% | Bangalore, Karnataka, India | |||
| Beeworks Softwares Private Limited | ₹14.74 Cr (FY 2025) | 222.0% | Pune, Maharashtra, India | |||
| Kaavian Systems Private Limited | ₹14.74 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Purpleslate Private Limited | ₹14.74 Cr (FY 2022) | 46.0% | Mylapore - Triplicane, Tamil Nadu, India | |||
| Locusnine Innovations Private Limitedthis company | ₹14.74 Cr (FY 2024) | ₹1.94 Cr | 13.1% | 39.0% | 33 | Pune, Maharashtra, India |
| Vboard Software Solutions Private Limited | ₹14.73 Cr (FY 2024) | -47.0% | Hyderabad, Telangana, India | |||
| Smile Automation Private Limited | ₹14.72 Cr (FY 2025) | 11.0% | Pune, Maharashtra, India | |||
| Mindgraph Technologies Private Limited | ₹14.72 Cr (FY 2024) | 16.0% | Hyderabad, Telangana, India | |||
| Guru Datta Consultants Private Limited | ₹14.68 Cr (FY 2025) | 154.0% | Secunderabad, Telangana, India |
To see the full peer comparison of Locusnine Innovations Private Limited, buy the company report.
Auditor
Locusnine Innovations Private Limited is audited by S.GAUTAM&ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.GAUTAM&ASSOCIATES | FY 2022 | 126944W |
Shareholding
The shareholding of Locusnine Innovations Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Locusnine Innovations Private Limited, buy the company report.
Deals & funding
Locusnine Innovations Private Limited has 1 deal on record (1 rights issue); the latest was in September 2020.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Rights issue | ₹13 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Locusnine 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 Locusnine Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Locusnine Innovations Private Limited has a workforce of 33 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
33
Active EPFO establishments
1
Employee growth
-13.16%
GST
Locusnine Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECL0711A1Z9 | Maharashtra | Active | 18 Nov 2019 |
To see the full GST registrations and return filing status of Locusnine Innovations Private Limited, buy the company report.
Recent activity
Locusnine Innovations Private Limited has 7 board changes on record since 2021: 2 appointments and 5 cessations. The latest: Olalekan Oduwole ceased to be Additional Director on 30 Sep 2022.
AGM
Locusnine Innovations Private Limited last Annual general meeting of members was held on 10 Sep 2024 as per latest MCA records.
Filing
Locusnine Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Olalekan Oduwole ceased to be Additional Director.
Ceased
Amol Ashok Hadkar ceased to be Director.
Appointed
Olalekan Oduwole was appointed as Director.
Ceased
Sumit Maingi ceased to be Director.
Ceased
Paritosh Chhibber ceased to be Director.
Ceased
Kaustubh Govind Patki ceased to be Additional Director.
Appointed
Kaustubh Govind Patki was appointed as Director.
Incorporation
07 Nov 2019
Locusnine Innovations Private Limited was registered on 07 Nov 2019 with Roc Pune & aged 6 years 11 months as per MCA records.
Frequently asked questions
Locusnine Innovations is an active private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 November 2019 (7+ years old) and is registered under CIN U72100PN2019PTC187660.
Locusnine Innovations has 2 current directors:
- Kaustubh Govind Patki - Director
- Olalekan Oduwole - Director
The latest financial statements of Locusnine Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 10 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Locusnine Innovations is 27AAECL0711A1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Locusnine Innovations is U72100PN2019PTC187660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Locusnine Innovations was incorporated on 07 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Locusnine Innovations has 1 deal on record (1 rights issue); the latest was in September 2020.
The peers of Locusnine Innovations by revenue are Attinad Software Private Limited, Boven Technologies Private Limited, Beeworks Softwares Private Limited, Kaavian Systems Private Limited, Purpleslate Private Limited and 4 more, all in the same principal business activity (computer programming, consultancy and related activities).
Olalekan Oduwole ceased to be Additional Director on 30 Sep 2022. Amol Ashok Hadkar ceased to be Director on 01 Jul 2022. Olalekan Oduwole was appointed as Director on 01 Jul 2022. Locusnine Innovations has 7 board changes on record in total.
Yes, Locusnine Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Locusnine Innovations is registered as an MSME under Udyam registration (number: UDYAM-MH-26-0010134).
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