Needle Innovision Private Limited
About Needle Innovision Private Limited
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Needle Innovision Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 01 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC094632. Its GSTIN is 29AAFCN2884F1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sandeep Kanangatt (Whole-Time Director) and Rejish Radhakrishnan (Whole-Time Director).
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 No 677 1st Floor 13th Cross Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹88.35 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹11.02 Lakh (net margin -12.5%) and EBITDA of -₹10.59 Lakh (EBITDA margin -12%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 27% over five years.
The company is associated with 1 brand: Needle Innovision. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo 677 1st Floor 13th Cross Hsr Layout Sector 1, Bangalore, Karnataka, India – 560102
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Needle Innovision Private Limited
The main business activity of Needle Innovision is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Needle Innovision Private Limited FY 2023 filings available
Needle Innovision Private Limited reported revenue of ₹88.35 Lakh (down 46% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Needle Innovision Private Limited
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA rose 71% 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 Needle Innovision Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | -₹10.59 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹11.02 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 Needle Innovision Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.5% | •••• | •••• | •••• | •••• |
| 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 Needle Innovision are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Needle Innovision Private Limited
Needle Innovision Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical 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 |
|---|---|---|---|---|---|---|
| Ivg Advisory Services Private Limited | ₹88.42 Lakh (FY 2024) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Spruhaa Healthcare Private Limited | ₹88.4 Lakh (FY 2022) | •••• | •••• | -80.0% | •••• | Thane, Maharashtra, India |
| Inkcredible Studios Private Limited | ₹88.39 Lakh (FY 2024) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
| Accreditation Commission for Conformity Assessment Bodies Private Limited | ₹88.38 Lakh (FY 2025) | •••• | •••• | 49.0% | •••• | Mumbai, Maharashtra, India |
| Preferred Marble & Granite Private Limited | ₹88.36 Lakh (FY 2018) | •••• | •••• | -20.0% | •••• | Indore, Madhya Pradesh, India |
| Needle Innovision Private Limited this company | ₹88.35 Lakh (FY 2023) | •••• | •••• | -46.0% | •••• | Bangalore, Karnataka, India |
| Plutonic Services Private Limited | ₹88.35 Lakh (FY 2025) | •••• | •••• | 140.0% | •••• | Delhi, India |
| G2c Online Services Limited | ₹88.34 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Pune, Maharashtra, India |
| Top Slots Private Limited | ₹88.33 Lakh (FY 2023) | •••• | •••• | -59.0% | •••• | Gurgaon, Haryana, India |
| Little Big Interior Design Studio Private Limited | ₹88.32 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Noida, Uttar Pradesh, India |
| Appdesk Services Private Limited | ₹88.32 Lakh (FY 2024) | •••• | •••• | -75.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Needle Innovision by revenue in the same principal business activity (Other professional, scientific and technical 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 Needle Innovision Private Limited
Needle Innovision Private Limited is audited by JAIN GUPTA & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAIN GUPTA & CO | 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.
Board of Directors of Needle Innovision Private Limited
Needle Innovision has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kanangatt | Whole-Time Director | 01 Jul 2016 | 10 Years 3 Months | Current |
| Rejish Radhakrishnan | Whole-Time Director | 01 Jul 2016 | 10 Years 3 Months | Current |
| Rupam Gogoi | Whole-Time Director | 01 Jul 2016 | 10 Years 3 Months | Current |
Ownership and Shareholding of Needle Innovision 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 Needle Innovision Private Limited
Needle Innovision Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Needle Innovision Private Limited
Needle Innovision Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Limited | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Needle Innovision Private Limited
Needle Innovision operates one associated brand: Needle Innovision. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive digital transformation services to enhance business operations. | needleinnovision.com |
Employees and EPFO Compliance at Needle Innovision Private Limited
Employment history and EPFO contributions of people linked to Needle Innovision.
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 Needle Innovision Private Limited
Needle Innovision Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Rejish Radhakrishnan was appointed as Whole-Time Director on 01 Jul 2016.
Credit Ratings, Litigation & Regulatory Alerts for Needle Innovision 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 Needle Innovision 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 Needle Innovision 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 Needle Innovision Private Limited
Needle Innovision has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCN2884F1Z6 | Karnataka | Active | 01 Jul 2017 |
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 Needle Innovision 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 Needle Innovision Private Limited
Needle Innovision is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 01 July 2016 (10+ years old) and is registered under CIN U72200KA2016PTC094632.
Needle Innovision reported revenue of ₹88.35 Lakh for FY 2023 (down 46% YoY).
Needle Innovision has 3 current directors:
- Sandeep Kanangatt - Whole-Time Director
- Rejish Radhakrishnan - Whole-Time Director
- Rupam Gogoi - Whole-Time Director
Needle Innovision reported a net loss of ₹11.02 Lakh (net margin -12.5%) and EBITDA of -₹10.59 Lakh (EBITDA margin -12%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Needle Innovision is 2% over three years and 27% over five years. In the latest year (FY 2023) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Needle Innovision is 29AAFCN2884F1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Needle Innovision is U72200KA2016PTC094632. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Needle Innovision has 4 court cases on record: 4 filed against it.
Needle Innovision was incorporated on 01 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Needle Innovision by revenue are Ivg Advisory Services Private Limited, Spruhaa Healthcare Private Limited, Inkcredible Studios Private Limited, Accreditation Commission for Conformity Assessment Bodies Private Limited, Preferred Marble & Granite Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Rejish Radhakrishnan was appointed as Whole-Time Director on 01 Jul 2016. Rupam Gogoi was appointed as Whole-Time Director on 01 Jul 2016. Sandeep Kanangatt was appointed as Whole-Time Director on 01 Jul 2016.