Indovasive Private Limited
About Indovasive Private Limited
Data last updated:
Indovasive Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 07 October 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33125KA2022PTC166841. Its GSTIN is 29AAGCI8759P1ZF (Karnataka).
The company has an authorised share capital of ₹4.01 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Tanishq Hegde and Tanmay Jitendra Hegde.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 660 Eshwari Industrial Estate Hulimau Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.68 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.03 Cr (net margin 39.5%) and EBITDA of ₹3.1 Cr (EBITDA margin 40.3%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address660 Eshwari Industrial Estate Hulimau Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryHealthcare, Medical Consumables & Supplies
- 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
- One PDF report, delivered after checkout
Business Activity of Indovasive Private Limited
The main business activity of Indovasive is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Indovasive Private Limited FY 2025 filings available
Indovasive Private Limited reported revenue of ₹7.68 Cr (up 387% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indovasive Private Limited
Revenue rose 387% in the latest year. EBITDA rose 285% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Indovasive Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹3.1 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.03 Cr | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Indovasive Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 40.3% | •••• | •••• |
| Net Profit Margin | 39.5% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Indovasive are in the company report.
Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Indovasive Private Limited
Indovasive has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanishq Hegde | Additional Director | 10 Dec 2025 | 0 Years 10 Months | Current |
| Tanmay Jitendra Hegde | Additional Director | 10 Dec 2025 | 0 Years 10 Months | Current |
Peer Comparison of Indovasive Private Limited
Indovasive Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bioline Implant Technologies Private Limited | ₹7.8 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Hyderabad, Telangana, India |
| Orbit Research Associates Private Limited | ₹7.79 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | New Delhi, Delhi, India |
| Pricon Meditech Private Limited | ₹7.76 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Jodhpur, Rajasthan, India |
| Sasvat Omnicare Private Limited | ₹7.71 Cr (FY 2024) | •••• | •••• | -73.0% | •••• | Bangalore, Karnataka, India |
| Sarawagi Futures Private Limited | ₹7.71 Cr (FY 2024) | •••• | •••• | 90.0% | •••• | Ranchi, Jharkhand, India |
| Indovasive Private Limited this company | ₹7.68 Cr (FY 2025) | •••• | •••• | 387.0% | •••• | Bangalore, Karnataka, India |
| HS Fitness Private Limited | ₹7.68 Cr (FY 2025) | •••• | •••• | -74.0% | •••• | Jhajjar, Haryana, India |
| Omega DX (Asia) Private Limited | ₹7.63 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Vyaire Medical Private Limited | ₹7.62 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Noida, Uttar Pradesh, India |
| Medidevice Healthexperts Private Limited | ₹7.61 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | New Delhi, Delhi, India |
| Merquri Work and Play Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | 96.0% | •••• | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Indovasive by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indovasive Private Limited
Indovasive Private Limited is audited by Vijaykumar S. Fathepur for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vijaykumar S. Fathepur | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Indovasive Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Indovasive Private Limited
Indovasive Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Indovasive Private Limited
Indovasive Private Limited has a workforce of 0 employees as of Mar 23, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Indovasive Private Limited
Indovasive Private Limited has 4 board changes on record since 2025: 2 appointments and 2 cessations. The latest: Jitendra Madhava Hegde ceased to be Director on 11 Dec 2025.
Credit Ratings, Litigation & Regulatory Alerts for Indovasive Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Indovasive Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Indovasive Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Indovasive Private Limited
Indovasive has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCI8759P1ZF | Karnataka | Active | 29 Oct 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Indovasive Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Indovasive Private Limited
Indovasive is an active private limited company based in Bangalore, Karnataka, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 07 October 2022 (4+ years old) and is registered under CIN U33125KA2022PTC166841.
Indovasive reported revenue of ₹7.68 Cr for FY 2025 (up 387% YoY).
Indovasive has 2 current directors:
- Tanishq Hegde - Additional Director
- Tanmay Jitendra Hegde - Additional Director
Indovasive reported a net profit of ₹3.03 Cr (net margin 39.5%) and EBITDA of ₹3.1 Cr (EBITDA margin 40.3%) for FY 2025, as per its filed financial statements.
The GSTIN of Indovasive is 29AAGCI8759P1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Indovasive is U33125KA2022PTC166841. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indovasive was incorporated on 07 October 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indovasive by revenue are Bioline Implant Technologies Private Limited, Orbit Research Associates Private Limited, Pricon Meditech Private Limited, Sasvat Omnicare Private Limited, Sarawagi Futures Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Jitendra Madhava Hegde ceased to be Director on 11 Dec 2025. Suchitra Hegde Jitendra ceased to be Director on 11 Dec 2025. Tanishq Hegde was appointed as Additional Director on 10 Dec 2025. Indovasive has 4 board changes on record in total.
The registered office of Indovasive is at 660 Eshwari Industrial Estate Hulimau Bannerghatta Road, Bangalore, Karnataka, India – 560076.
Indovasive has an authorised share capital of ₹4.01 Cr and a paid-up capital of ₹1 Lakh.