Innovatiview India Limited IPO Details

Incorporated in October 2017, Innovatiview India Limited provides automated security and surveillance solutions for examinations, elections, and large events across India. As of September 30, 2024, the company holds 73.7% of the market share, making it the largest in examining integrated security solutions in fiscal 2024.

The company's services include providing security and surveillance solutions for elections and large-scale events. In addition, the company provides information technology ("IT") equipment rental services. The portfolio of services includes end-to-end system integration solutions across diverse business verticals, with a significant focus on building security, surveillance and information systems.

In the six months that ended September 30, 2024, the company served over 72 clients through its diversified security and surveillance solutions and has secured over 1,409 examinations across India.

Innovatiview India Limited is the first company in India to introduce an artificial intelligence-based, high-speed, and accurate touchless biometric verification solution for impersonation control in examinations. The company's clients include central and state Government agencies and private players such as the National Testing Agency, Union Public Service Commission, Haryana Public Service Commission, Maharashtra Public Service Commission and Bihar Staff Selection Commission.

As of September 30, 2024, The company provides security and surveillance services by utilizing its equipment alongside manpower and resources acquired from a vast network of over 5,100 vendor firms.

In May 2024, the company offered security for a shift examination, covering about 2.4 million candidates in 4,736 centres across 28 states and nine Union Territories in India, all in one day.

As of September 2024, the company had 554 employees on its payroll.

Competitive Strength

• Extensive portfolio for Integrated Security Offerings
• Track record of high growth & Profitability
• Experienced management team
• PAN India operation backed by business model catering to scale