About Silvan Innovation Labs Private Limited
Data last updated:
Silvan Innovation Labs Private Limited was a private limited company based in Panchamahal, Gujarat, India, operated as a subsidiary of Polycab India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 30 June 2008.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2008PTC135164. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.02 Cr. It was formerly known as Knowledge Repositories and Innovations Solutions India Private Limited. It was led by directors including Manita Carmen Albert Gonsalves and Ajay Gupta.
Its last annual general meeting (AGM) was held on 29 June 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Unit 4 Plot No 105 Halol Vadodara Road Village Nurpura Taluka Halol, Panchamahal, Gujarat, India – 389350.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.26 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net loss of ₹2.68 Cr (net margin -82.1%) and EBITDA of -₹89.2 Lakh (EBITDA margin -27.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 17% over five years.
The company had about 3 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Silvan. As per MCA filings, the company had satisfied charges of ₹5.6 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 19 deals on record (9 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹28.02 Cr; the latest was in September 2021. Its 3 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing, IT Consulting and Services), with the same principal business activity (other information & communication service activities) are compared by revenue, 1 larger and 2 smaller; the largest is Atkom Infotech Private Limited with revenue of ₹2.22 Cr. The company has 5 MSME Form 1 returns on record between 2017 and 2019, listing 33 overdue payments to 25 micro and small suppliers.
The last known website on record is silvanlabs.com.
Company details
CIN history
Silvan Innovation Labs has one previous CIN (Corporate Identification Number): U72900KA2008PTC046964. The current CIN is U72900GJ2008PTC135164, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900GJ2008PTC135164 | Current |
| U72900KA2008PTC046964 | Previous |
Contact details
Silvan Innovation Labs Private Limited's registered office is in Panchamahal, Gujarat. Its website is silvanlabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 4 Plot No 105 Halol Vadodara Road Village Nurpura Taluka Halol, Panchamahal, Gujarat, India – 389350
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing, IT Consulting & Support Services
To see the full contact details of Silvan Innovation Labs 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
Silvan Innovation Labs operates one associated brand: Silvan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home security and automation products are developed for smart solutions. | silvan.co.in |
Financials of Silvan Innovation Labs Private Limited
FY 2023 filings availableSilvan Innovation Labs Private Limited reported revenue of ₹3.26 Cr (up 47% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.26 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹89.2 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.68 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.3% | ||||
| Net Profit Margin | -82.1% | ||||
| 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 Silvan Innovation Labs Private Limited, buy the company report.
Board of directors of Silvan Innovation Labs Private Limited
Silvan Innovation Labs has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manita Carmen Albert Gonsalves | Director | 27 Mar 2023 | 3 Years 7 Months | As last reported |
| Ajay Gupta Also directs: Gyaini Gini Private Limited | Director | 27 Dec 2021 | 4 Years 10 Months | As last reported |
| Praveen Bindingnavile Seshadri Also directs: Uniglobus Electricals and Electronics Private Limited | Director | 18 Jun 2021 | 5 Years 4 Months | As last reported |
Peer comparison
Silvan Innovation Labs Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing, IT Consulting and Services), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Silvan Innovation Labs Private Limitedthis company | ₹3.26 Cr (FY 2023) | -₹2.68 Cr | -82.1% | 47.0% | 3 | Panchamahal, Gujarat, India |
| Atkom Infotech Private Limited | ₹2.22 Cr (FY 2025) | 4360.0% | Mumbai, Maharashtra, India | |||
| Sonus Software Solutions Private Limited | ₹2.22 Cr (FY 2024) | -7.0% | Hyderabad, Telangana, India | |||
| Pronat Technologies Private Limited | ₹2.22 Cr (FY 2025) | -62.0% | New Delhi, Delhi, India |
To see the full peer comparison of Silvan Innovation Labs Private Limited, buy the company report.
Auditor
Silvan Innovation Labs Private Limited is audited by JAIN NIKHIL & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN NIKHIL & Co. | FY 2023 | 155926W |
Shareholding
The shareholding of Silvan Innovation Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Silvan Innovation Labs Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2011 | 10271837 | Technology Development Board | ₹4 Cr | Satisfied | |
| 31 Jan 2011 | 10273208 | Indian Overseas Bank | ₹1.6 Cr | Satisfied |
To see the full charge records of Silvan Innovation Labs Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Silvan Innovation Labs Private Limited has 19 deals on record (9 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹28.02 Cr; the latest was in September 2021.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Polycab India Limited, Polycab India Limited & Inder T Jaisinghani Seller: Infuse Ventures, 3 individuals |
| Jun 2019 | Funding round · Series B | ₹6.82 Cr | Investors: Samsung Venture Investment Corporation |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Cavinkare Private Limited, an individual Seller: CK Ranganathan Family Office, an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Highpoints Technologies India Private Limited , M.Anandam Consultancy Services Private Limited , an individual Seller: 2 individuals |
| Jan 2016 | Funding round · Series A | ₹9.42 Cr | Investors: Infuse Ventures, Kalpataru Ventures, 2 individuals |
To see the full deal history of Silvan Innovation Labs Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Silvan Innovation Labs Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Silvan Innovation Labs 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
Silvan Innovation Labs Private Limited has 5 MSME Form 1 returns on record between 2017 and 2019, listing 33 overdue payments to 25 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 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Mediasset Holdings | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Silvan Innovation Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Silvan Innovation Labs Private Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Silvan Innovation Labs has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Silvan Innovation Labs Private Limited, buy the company report.
Recent activity
Silvan Innovation Labs Private Limited has 17 board changes on record since 2009: 3 appointments and 14 cessations. The latest: Manita Carmen Albert Gonsalves ceased to be Additional Director on 28 Jun 2023.
13 earlier events are in the company report.
Frequently asked questions
Silvan Innovation Labs has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Silvan Innovation Labs was a private limited company based in Panchamahal, Gujarat, India. The company worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 30 June 2008 and is registered under CIN U72900GJ2008PTC135164. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Silvan Innovation Labs was incorporated on 30 June 2008. It is registered with the Registrar of Companies, Ahmedabad.
Silvan Innovation Labs had 3 directors:
- Manita Carmen Albert Gonsalves - Director
- Ajay Gupta - Director
- Praveen Bindingnavile Seshadri - Director
The CIN (Corporate Identification Number) of Silvan Innovation Labs is U72900GJ2008PTC135164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Silvan Innovation Labs is at Unit 4 Plot No 105 Halol Vadodara Road Village Nurpura Taluka Halol, Panchamahal, Gujarat, India – 389350.
Silvan Innovation Labs can be reached through the website silvanlabs.com. Its registered office is in Panchamahal, Gujarat, India.
The latest financial statements of Silvan Innovation Labs on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 June 2023. Year-wise statements from 2015 are in the company report.
No. Silvan Innovation Labs has 2 GST registrations on record and all of them are cancelled or inactive.
Silvan Innovation Labs operated in the information technology industry, in the electronic components and equipment manufacturing segment.
Silvan Innovation Labs has 19 deals on record (9 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹28.02 Cr; the latest was in September 2021.
The peers of Silvan Innovation Labs by revenue are Atkom Infotech Private Limited, Sonus Software Solutions Private Limited, Pronat Technologies Private Limited, all in the Information Technology industry (Electronic Equipment and Components Manufacturing, IT Consulting and Services), with the same principal business activity (other information & communication service activities).
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