Dear Shareholders,
It gives me immense pleasure to address all the esteemed shareholders of the company
and present the 19th Annual report of INNOVATIVE IDEALS & SERVICES (INDIA)
LIMITED. Firstly, I on behalf of the Company, would like to thank you all for being here
and bestowing your trust in the Company.
Innovative in October, 2018 opted to have its equity shares listed on the BSE SME
platform. The listing of equity shares on the Stock Exchange has laid down a path for
strong Company and shareholder relationship and we perceive as a huge motivation factor to
strive further to secure the interest of the stakeholders of the Company. To highlight
some of 2018-19 performances in terms of revenue and business growth, we are pleased to
inform that, in the FY 2018-19 as per the Standalone financials your Company has achieved
a total revenue of Rs. 2,576 Lakhs as compared to Rs. 2,032 Lakhs in the previous
Financial Year 2017-18. The current year Standalone Profit after Tax (PAT) is Rs. 442
Lakhs as compared to Rs. 370 Lakhs in the year 2017-18.
We started laying the FTTH (Fiber to the Home) for private developers properties which
was a booming market then & now tied up with Reliance JIO & TATASKY Broadband and
have successfully connected multiple homes for high speed data connection on fiber
backbone.
With our mantra of focused hard work, we grew with time and have setup our global
office in Singapore to grow exponentially.
We launched Mobile phones under our brand name "INOYO" and got a good
response, in a very short span of time. We developed a Retail distribution network of
20,000 retailers, 400 distributors & 23 godowns PAN INDIA to reach every corner of
India.
Recently we tied up with "LEAGOO" a big smartphone global market brand and
launched them in India in offline & online market.
We plan to launch more models & brands of smartphones to cater to 120 million
subscribers in India.
Our strength lies in the right team of people & the strong customer base all
connected with the network of ready distribution & retail chain. We are confident that
we would make a significant progress and become one of the leading players of electronic
security solutions provider.
I would like to place on record my sincere appreciation to the Board of directors for
their guidance. I would also like to place on record my heartfelt thanks to all the
customers, business associates, suppliers, bankers and authorities of the BSE, SEBI, NSDL,
CDSL and RTA for their support. Lastly, I would like to extend my gratitude towards all
our Shareholders for their continuing faith and confidence in the management of the
Company. We aim to earn your trust every day and will work towards achieving the greater
heights of success in coming years.
Thank You,
Maqsood Shaikh
Managing Director