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Innovative Ideals and Services India Ltd.

BSE: 541983 Sector: Others
NSE: N.A. ISIN Code: INE492Y01011
BSE 00:00 | 22 Feb 160.00 0.95
(0.60%)
OPEN

155.90

HIGH

160.00

LOW

155.90

NSE 05:30 | 01 Jan Innovative Ideals and Services India Ltd
OPEN 155.90
PREVIOUS CLOSE 159.05
VOLUME 51000
52-Week high 178.20
52-Week low 40.90
P/E 59.04
Mkt Cap.(Rs cr) 182
Buy Price 153.25
Buy Qty 3000.00
Sell Price 159.75
Sell Qty 3000.00
OPEN 155.90
CLOSE 159.05
VOLUME 51000
52-Week high 178.20
52-Week low 40.90
P/E 59.04
Mkt Cap.(Rs cr) 182
Buy Price 153.25
Buy Qty 3000.00
Sell Price 159.75
Sell Qty 3000.00

Innovative Ideals and Services India Ltd. (INNOVATIVEIDEAL) - Company History

Innovative Ideals and Services (India) Limited was originally incorporated as a private limited company with the name Innovative Ideals and Services (India) Private Limited on December 06 2000. Subsequently the Company was converted into a public limited company pursuant to Special Resolution passed by the members in Extra General Meeting held on August 30 2017 and the name of the Company was changed to Innovative Ideals and Services (India) Limited on September 21 2017. Subsequently the Company acquired the ongoing sole proprietorship business of M/s. Innovative Solutions i.e. Sole Proprietorship Concern of one of its Promoters Maqsood Shaikh vide Business Acquisition Agreement dated September 23 2017 and ongoing sole proprietorship business of M/s. Concept N Designs i.e. Sole Proprietorship Concern of its promoters Tazyeen Shaikh vide Business Acquisition Agreement dated September 29 2017. Consequently the ongoing Businesses of these proprietorship concerns were merged into Innovative Ideals and Services (India) Limited.The Company started the business as a proprietorship concern for trading of varieties of security equipment by importing those from Korea. With acquisition of proprietorship concerns and incorporation as a Company it has gradually evolved from a trading company to a security solution provider. The Company is providing services of System Integration for security safety and building automation and installation of various electronics systems. It provides a wide range of services with respect to security and electronic systems such as Video Door Phone Audio Door Phone Access Controls Home Automation Systems Intrusion Alarm System CCTV Systems Fire Alarm Systems and Telecom Products. The Company targets the requirements of residential construction industry in B2B segment.The Company provides Video Door Phones under its own brand names namely Onyx and Inok. Further home automation solutions are provided under the brand name of eHomes.Strengthening its service to B2B segment the Company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.The Company has been known for catering to B2B segment however further to expand its product portfolio to reach B2C segment with a view of catering to a mass market it has developed 2 innovative products Savior and ArmHer addressing the need of safety of the citizens in the country primarily children women and senior citizens. Apart from this the company has also launched basic feature mobile phones which are sold under own brand name Inoyo.The Company is authorised distributor of FERMAX Electronica S.A.U. for their products FERMAX Audio/Video Door Entry System in the territory of India. It has entered an agreement with Tata Sky Broadband Private Limited for provision of broadband services including installation operation security maintenance and provision of access infrastructure to the residents / subscribers in the service Area i.e. Amanora Park Town Pune for the period of five years commencing from March 15 2018 to March 14 2023. The Company has also entered an agreement with Tata Sky Limited for provision of Direct to Home (DTH) services as an authorised distributor of Tata Sky to the residents / subscribers in the service Area i.e. Amanora Park Town Pune for the period of five years commencing from March 15 2018 to March 14 2023.Founded by Maqsood Shaikh and Tazyeen Shaikh the promoters have adequate experience in the line of business undertaken by the company and look after strategic as well as day to day business operations. With a sound experience backed by educational qualifications it is the vision and dedication of its Promoters which have paved the growth path of the Company.