Innovision Limited

Innovision Limited is an integrated services company that operates across three main lines of business: manpower and staffing services, toll plaza management, and skill development training. Its manpower arm supplies staff and facility support to clients in sectors such as retail, healthcare, warehousing, logistics, and banking and financial services, while its toll operations involve running and managing highway toll collection points. The company also conducts vocational and skill training programmes. Incorporated in 2007, the company has grown from a single-service security provider into a diversified services organisation. It runs a network of around 35 offices and serves clients across 23 states and 5 union territories of India, with a reported client base of more than 180 organisations. Toll plaza management contributes the largest share of its revenue, followed by the manpower and skill development segments. The business model relies on winning and servicing contracts, many of them tied to public infrastructure such as national highways, alongside private-sector staffing mandates. Reported revenue expanded rapidly over the fiscal years leading up to the issue, supported by an in-house recruitment team of more than 100 professionals. Its reliance on toll and highway-related contracts, including work associated with the National Highways Authority of India, is central both to its scale and to its concentration risk.