DPIIT recognised startup Government of India
Startup India
Agevole Innovation Private Limited
Agevole Innovation Private Limited - sports in Surat, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2024
₹1.67 Lakh
▼ 14% YoY
Net loss · FY 2024
₹2.28 Lakh
Net margin -136.9%
EBITDA · FY 2024
-₹2.27 Lakh
EBITDA margin -136.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹70,000
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
2
As per MCA filings
Brands
1
Associated brands
About Agevole Innovation Private Limited
Data last updated:
Agevole Innovation Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the recreational services segment of the sports and recreation sector. It was incorporated on 17 November 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U92490GJ2022PTC136763.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹70,000. It is led by directors Gaurang Kumar Anilbhai Patel and Masum Dilipbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 468/469 Om Nagar Soc. Shiv Darshan Row House S No – 79 Dindoli, Surat, Gujarat, India – 394210.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.67 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹2.28 Lakh (net margin -136.9%) and EBITDA of -₹2.27 Lakh (EBITDA margin -136.4%).
The company is associated with 1 brand: NewzBy.
Agevole Innovation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0223465). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U92490GJ2022PTC136763
Registration Number 136763
Incorporation Date 17 November 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0223465
Recognitions & Rankings of Agevole Innovation
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-GJ-22-0223465
Contact details
Agevole Innovation Private Limited's registered office is in Surat, Gujarat.
- Registered Address468/469 Om Nagar Soc. Shiv Darshan Row House S No – 79 Dindoli, Surat, Gujarat, India – 394210
- IndustrySports, Recreational, Sports & Events
Comprehensive company report
Agevole Innovation Private Limited - one report that includes everything
- 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
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Brands
Agevole Innovation operates one associated brand: NewzBy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides short, personalized, hyperlocal news in English, Hindi, and Gujarati. | newzby.com |
Business activity
The main business activity of Agevole Innovation is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Agevole Innovation Private Limited, buy the company report.
Financials of Agevole Innovation Private Limited
FY 2025 filings availableAgevole Innovation Private Limited reported revenue of ₹1.67 Lakh (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹1.67 Lakh ▼ 14%
Net loss · FY 2024
₹2.28 Lakh margin -136.9%
EBITDA · FY 2024
-₹2.27 Lakh margin -136.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
EBITDA CAGR growth
1 year
▼ 993%
Revenue fell 14% in the latest year. EBITDA fell 993% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
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| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹2.27 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹2.28 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -136.4% | |
| Net Profit Margin | -136.9% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Interest Coverage Ratio | ||
| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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To see the full financial statements and ratios of Agevole Innovation Private Limited, buy the company report.
Board of directors of Agevole Innovation Private Limited
Agevole Innovation has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurang Kumar Anilbhai Patel Also directs: Bright India Global Industries Private Limited | Director | 17 Nov 2022 | 3 Years 11 Months | Current |
| Masum Dilipbhai Patel Also directs: Bright India Global Industries Private Limited | Director | 17 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Agevole Innovation Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Terces Solutions Private Limited | ₹1.68 Lakh (FY 2025) | -92.0% | Hanamkonda, Telangana, India | |||
| Qixotics Creative Private Limited | ₹1.68 Lakh (FY 2024) | Bangalore, Karnataka, India | ||||
| Nadezhda Ventures Private Limited | ₹1.68 Lakh (FY 2020) | 39.0% | Noida, Uttar Pradesh, India | |||
| Delledox Security Private Limited | ₹1.67 Lakh (FY 2025) | 179.0% | Meerut, Uttar Pradesh, India | |||
| Starlifeidea Lab Private Limited | ₹1.67 Lakh (FY 2025) | Bangalore, Karnataka, India | ||||
| Agevole Innovation Private Limitedthis company | ₹1.67 Lakh (FY 2024) | -₹2.28 Lakh | -136.9% | -14.0% | Surat, Gujarat, India | |
| BDJ Communications and Advertisements Private Limited | ₹1.67 Lakh (FY 2018) | -70.0% | New Delhi, Delhi, India | |||
| Mass India News House Private Limited | ₹1.67 Lakh (FY 2024) | -32.0% | Kangra, Himachal Pradesh, India | |||
| Bharatiify Tech Private Limited | ₹1.66 Lakh (FY 2023) | -76.0% | Vadodara, Gujarat, India | |||
| Buzzeasy Marketing Private Limited | ₹1.66 Lakh (FY 2022) | 58.0% | New Delhi, Delhi, India | |||
| Insysness Technology Private Limited | ₹1.66 Lakh (FY 2022) | 24.0% | Kolathur, Tamil Nadu, India |
To see the full peer comparison of Agevole Innovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Agevole Innovation Private 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 Agevole Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Agevole Innovation Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Agevole Innovation Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Gaurang Kumar Anilbhai Patel was appointed as Director on 17 Nov 2022.
AGM
Agevole Innovation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Agevole Innovation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Gaurang Kumar Anilbhai Patel was appointed as Director.
Appointed
Masum Dilipbhai Patel was appointed as Director.
Incorporation
17 Nov 2022
Agevole Innovation Private Limited was registered on 17 Nov 2022 with Roc Ahmedabad & aged 3 years 11 months as per MCA records.
Frequently asked questions
Agevole Innovation is an active private limited company based in Surat, Gujarat, India. The company works in recreational, within the sports industry. It was incorporated on 17 November 2022 (4+ years old) and is registered under CIN U92490GJ2022PTC136763.
Agevole Innovation has 2 current directors:
- Gaurang Kumar Anilbhai Patel - Director
- Masum Dilipbhai Patel - Director
The latest financial statements of Agevole Innovation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Agevole Innovation is U92490GJ2022PTC136763. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agevole Innovation was incorporated on 17 November 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Agevole Innovation by revenue are Terces Solutions Private Limited, Qixotics Creative Private Limited, Nadezhda Ventures Private Limited, Delledox Security Private Limited, Starlifeidea Lab Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Gaurang Kumar Anilbhai Patel was appointed as Director on 17 Nov 2022. Masum Dilipbhai Patel was appointed as Director on 17 Nov 2022.
Yes, Agevole Innovation is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Agevole Innovation is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-22-0223465).
The registered office of Agevole Innovation is at 468469 Om Nagar Soc. Shiv Darshan Row House S No – 79 Dindoli, Surat, Gujarat, India – 394210.
Agevole Innovation operates in the sports industry, in the recreational segment.
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