Sage Innovation Services Private Limited
About Sage Innovation Services Private Limited
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Sage Innovation Services Private Limited is a foreign private limited company based in Visakhapatnam, Andhra Pradesh, India, a subsidiary of Renegade Insurance Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 20 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72900KA2019FTC214648. Its GSTIN is 37ABCCS9508B1ZE (Andhra Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rashik Adhikari and Joby John Kannampuzha.
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 Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹15.78 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹50.72 Lakh (net margin 3.2%) and EBITDA of ₹1.07 Cr (EBITDA margin 6.8%). Revenue has grown at a compounded annual rate (CAGR) of 186% over three years.
The company has about 59 employees on its provident fund (EPFO) records.
Company details
CIN history
Sage Innovation Services has one previous CIN (Corporate Identification Number): U72900AP2019FTC113442. The current CIN is U72900KA2019FTC214648, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900KA2019FTC214648 | Current |
| U72900AP2019FTC113442 | Previous |
Contact details
Sage Innovation Services Private Limited's registered office is in Visakhapatnam, Andhra Pradesh.
- Registered AddressRegus Elite Business Centre 3rd&4th Floor Naga Chambers D.No12 – 1 – 16 Plot No 49 Survey, 1051, Visakhapatnam, Andhra Pradesh, India – 530000
- IndustryInformation Technology, IT Consulting & Support Services
- 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
Financials of Sage Innovation Services Private Limited
FY 2025 filings availableSage Innovation Services Private Limited reported revenue of ₹15.78 Cr (up 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 186% over three years, including 4% growth in the latest year. EBITDA fell 28% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹15.78 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹1.07 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹50.72 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.8% | |||
| Net Profit Margin | 3.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
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To see the full financial statements and ratios of Sage Innovation Services Private Limited, buy the company report.
Board of directors of Sage Innovation Services Private Limited
Sage Innovation Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashik Adhikari | Director | 20 Nov 2019 | 6 Years 11 Months | Current |
| Joby John Kannampuzha Also directs: Kloudspirit Software Private Limited | Director | 13 Sep 2023 | 3 Years 1 Months | Current |
| Madhav Anil Gupta | Director | 13 Jun 2025 | 1 Years 4 Months | Current |
Legal cases
No court or tribunal cases involving Sage Innovation Services 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 Sage Innovation Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sage Innovation Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37ABCCS9508B1ZE | Andhra Pradesh | Active | 05 Feb 2020 |
To see the full GST registrations and return filing status of Sage Innovation Services Private Limited, buy the company report.
Recent activity
Sage Innovation Services Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Madhav Anil Gupta was appointed as Director on 13 Jun 2025.
Frequently asked questions
Sage Innovation Services is an active foreign private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 20 November 2019 (7+ years old) and is registered under CIN U72900KA2019FTC214648.
Sage Innovation Services has 3 current directors:
- Rashik Adhikari - Director
- Joby John Kannampuzha - Director
- Madhav Anil Gupta - Director
The latest financial statements of Sage Innovation Services 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 2020 are in the company report.
The GSTIN of Sage Innovation Services is 37ABCCS9508B1ZE, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Sage Innovation Services is U72900KA2019FTC214648. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sage Innovation Services was incorporated on 20 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Vijayawada.
Madhav Anil Gupta was appointed as Director on 13 Jun 2025. Joby John Kannampuzha was appointed as Director on 13 Sep 2023. Suresh Ramchand Bharani ceased to be Director on 29 Sep 2022. Sage Innovation Services has 6 board changes on record in total.
The registered office of Sage Innovation Services is at Regus Elite Business Centre 3rd&4th Floor Naga Chambers D.No12 – 1 – 16 Plot No 49 Survey, 1051, Visakhapatnam, Andhra Pradesh, India – 530000.
Sage Innovation Services operates in the information technology industry, in the IT consulting and support services segment.
Sage Innovation Services can be reached at its registered office: Regus Elite Business Centre 3rd&4th Floor Naga Chambers D.No12 – 1 – 16 Plot No 49 Survey, 1051, Visakhapatnam, Andhra Pradesh, India – 530000.
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