Innovar Software Solutions Private Limited
About Innovar Software Solutions Private Limited
Data last updated:
Innovar Software Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2018PTC123388. Its GSTIN is 36AAECI8203Q1Z5 (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Naveen Kumar Proddutoori and Nalini Chintakunta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H.No:1 – 3 – 183/39/3 Tallabasti Kavadiguda, Hyderabad, Telangana, India – 500080.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.21 Cr, a growth of 60% compared to the previous year. For the same year it recorded a net profit of ₹20.33 Lakh (net margin 4.8%) and EBITDA of ₹21.48 Lakh (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 80% over five years.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressH.No:1 – 3 – 183/39/3 Tallabasti Kavadiguda, Hyderabad, Telangana, India – 500080
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Innovar Software Solutions Private Limited
The main business activity of Innovar Software Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service 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 Innovar Software Solutions Private Limited FY 2024 filings available
Innovar Software Solutions Private Limited reported revenue of ₹4.21 Cr (up 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innovar Software Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 80% over five years, including 60% growth in the latest year. EBITDA rose 106% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Innovar Software Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹21.48 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.33 Lakh | •••• | •••• | •••• | •••• |
| 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 Innovar Software Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.8% | •••• | •••• | •••• | •••• |
| 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 Innovar Software Solutions are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Innovar Software Solutions Private Limited
Innovar Software Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Black Panther Advertising Private Limited | ₹4.22 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Noida, Uttar Pradesh, India |
| Nomology Technology Private Limited | ₹4.22 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Bengaluru, Karnataka, India |
| Duranc Tech Services Private Limited | ₹4.22 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Datasigns Technologies Private Limited | ₹4.22 Cr (FY 2025) | •••• | •••• | -83.0% | •••• | Bangalore, Karnataka, India |
| Unichrone Private Limited | ₹4.22 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Innovar Software Solutions Private Limited this company | ₹4.21 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Hyderabad, Telangana, India |
| Elysium Net Solution Private Limited | ₹4.21 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Jammu, Jammu and Kashmir, India |
| Deccan Infosystems Private Limited | ₹4.21 Cr (FY 2015) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Avitec Innovations Private Limited | ₹4.2 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| D Blurb Advertising Private Limited | ₹4.2 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | Kolkata, West Bengal, India |
| Avgi Solutions Private Limited | ₹4.2 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Innovar Software Solutions by revenue in the same principal business activity (Other information & communication service activities), 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 Innovar Software Solutions Private Limited
Innovar Software Solutions Private Limited is audited by NARESH KUMAR AGRAWAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NARESH KUMAR AGRAWAL & ASSOCIATES | 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.
Board of Directors of Innovar Software Solutions Private Limited
Innovar Software Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Kumar Proddutoori Also directs: Advaitha Vittels Specialities Private Limited | Director | 27 Mar 2018 | 8 Years 6 Months | Current |
| Nalini Chintakunta | Director | 27 Mar 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Innovar Software Solutions 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 Innovar Software Solutions Private Limited
Innovar Software Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovar Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Innovar Software Solutions.
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 Innovar Software Solutions Private Limited
Innovar Software Solutions Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Nalini Chintakunta was appointed as Director on 27 Mar 2018.
Credit Ratings, Litigation & Regulatory Alerts for Innovar Software Solutions 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 Innovar Software Solutions 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 Innovar Software Solutions 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 Innovar Software Solutions Private Limited
Innovar Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECI8203Q1Z5 | Telangana | Active | 01 Aug 2023 |
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 Innovar Software Solutions 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 Innovar Software Solutions Private Limited
Innovar Software Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 27 March 2018 (8+ years old) and is registered under CIN U74999TG2018PTC123388.
Innovar Software Solutions reported revenue of ₹4.21 Cr for FY 2025 (up 60% YoY).
Innovar Software Solutions has 2 current directors:
- Naveen Kumar Proddutoori - Director
- Nalini Chintakunta - Director
Innovar Software Solutions reported a net profit of ₹20.33 Lakh (net margin 4.8%) and EBITDA of ₹21.48 Lakh (EBITDA margin 5.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovar Software Solutions is 46% over three years and 80% over five years. In the latest year (FY 2025) revenue rose 60%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovar Software Solutions is 36AAECI8203Q1Z5, registered in Telangana.
The CIN (Corporate Identification Number) of Innovar Software Solutions is U74999TG2018PTC123388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovar Software Solutions was incorporated on 27 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Innovar Software Solutions by revenue are Black Panther Advertising Private Limited, Nomology Technology Private Limited, Duranc Tech Services Private Limited, Datasigns Technologies Private Limited, Unichrone Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Nalini Chintakunta was appointed as Director on 27 Mar 2018. Naveen Kumar Proddutoori was appointed as Director on 27 Mar 2018.
Yes, Innovar Software Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).