We Power Innovation Limited
About We Power Innovation Limited
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We Power Innovation Limited is a public limited company based in Delhi, India. It operates in the management consultancy segment of the business services sector. It was incorporated on 17 September 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1992PLC050337. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹86.24 Lakh. It is led by directors including Nallabothula Srinivasulu (Managing Director) and Nallabothula Jeevankumar.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at E 104 Near Nanda Hospital Chattapur Extensiopn South Delhi, Delhi, India – 110078.
As per the financials filed for FY 2018, the company reported a revenue of ₹25,109, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹10,565 (net margin -42.1%) and EBITDA of ₹1,997 (EBITDA margin 8%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years.
As per MCA filings, the company has satisfied charges of ₹4.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
We Power Innovation Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE 104 Near Nanda Hospital Chattapur Extensiopn South Delhi, Delhi, India – 110078
- IndustryBusiness Services, Management Consultancy
To see the full contact details of We Power Innovation 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
Business activity
The main business activity of We Power Innovation is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of We Power Innovation Limited, buy the company report.
Financials of We Power Innovation Limited
FY 2018 filings availableWe Power Innovation Limited reported revenue of ₹25,109 (down 72% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 88% over three years, including a 72% fall in the latest year. EBITDA fell 93% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹1,997 | |||
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| Net Profit (PAT) | -₹10,565 | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 8% | |||
| Net Profit Margin | -42.1% | |||
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To see the full financial statements and ratios of We Power Innovation Limited, buy the company report.
Board of directors of We Power Innovation Limited
We Power Innovation has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nallabothula Jeevankumar Also directs: NJKC Enterprises Private Limited | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Nallapothulla Chandrashekar | Director | 14 Nov 2019 | 6 Years 11 Months | Current |
| Nallabothula Srinivasulu | Managing Director | 10 Jan 2019 | 7 Years 9 Months | Current |
Auditor
We Power Innovation Limited is audited by JAIN NARANG AND CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN NARANG AND CO. | FY 2017 | 028045N |
Shareholding
The shareholding of We Power Innovation Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of We Power Innovation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 1998 | 90061563 | Vijaya Bank | ₹1.3 Cr | Satisfied | |
| 15 Dec 1997 | 90061305 | Vijaya Bank | ₹1.5 Cr | Satisfied | |
| 03 Aug 1995 | 90060726 | Vijaya Bank | ₹1.3 Cr | Satisfied |
To see the full charge records of We Power Innovation Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving We Power Innovation 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 We Power Innovation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
We Power Innovation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of We Power Innovation Limited, buy the company report.
Recent activity
We Power Innovation Limited has 19 board changes on record since 2008: 3 appointments and 16 cessations. The latest: Nallapothulla Chandrashekar was appointed as Director on 14 Nov 2019.
19 earlier events are in the company report.
Frequently asked questions
We Power Innovation is an active public limited company based in Delhi, India. The company works in management consultancy, within the business services industry. It was incorporated on 17 September 1992 (34+ years old) and is registered under CIN U74899DL1992PLC050337.
We Power Innovation has 3 current directors:
- Nallabothula Srinivasulu - Managing Director
- Nallabothula Jeevankumar - Director
- Nallapothulla Chandrashekar - Director
The latest financial statements of We Power Innovation on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. We Power Innovation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of We Power Innovation is U74899DL1992PLC050337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
We Power Innovation was incorporated on 17 September 1992, making it 34+ years old. It is registered with the Registrar of Companies, Delhi.
Nallapothulla Chandrashekar was appointed as Director on 14 Nov 2019. Nandakumar ceased to be Additional Director on 14 Nov 2019. Sundaresan Arunkumar ceased to be Director on 28 Feb 2019. We Power Innovation has 19 board changes on record in total.
The registered office of We Power Innovation is at E 104 Near Nanda Hospital Chattapur Extensiopn South Delhi, Delhi, India – 110078.
We Power Innovation operates in the business services industry, in the management consultancy segment.
We Power Innovation has no open charges and satisfied charges of ₹4.1 Cr as per latest MCA filings.