MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-02-0065899
Innovare IT Solutions Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.69 Lakh
▼ 93% YoY
Net loss · FY 2025
₹23,262
Net margin -1.4%
EBITDA · FY 2025
₹39,510
EBITDA margin 2.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Innovare IT Solutions Private Limited
Data last updated:
Innovare IT Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2015PTC097590. Its GSTIN is 36AADCI7427B1ZT (Telangana).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Satyabrata Bishnu Acharya and Sivaji Yerra.
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 H.No.1 – 98/90/29/13 Pno – 13 3rd Floor Akshaya Space G.B.Pet Jubilee Hills, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.69 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹23,262 (net margin -1.4%) and EBITDA of ₹39,510 (EBITDA margin 2.4%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 17% over five years.
The company is associated with 2 brands: SciFi Kids and Innovare IT Solution.
Innovare IT Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0065899). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itsinnovare.com.
Company details
CIN U72200TG2015PTC097590
Registration Number 097590
Incorporation Date 10 February 2015
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TS-02-0065899
Key People
Satyabrata Bishnu Acharya Director Sri Lakshmi Kosaraju Additional Director Sivaji Yerra Director Recognitions & Rankings of Innovare IT Solutions
Contact details
Innovare IT Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is itsinnovare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH.No.1 – 98/90/29/13 Pno – 13 3rd Floor Akshaya Space G.B.Pet Jubilee Hills, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Innovare IT Solutions Private Limited, buy the company report.
Comprehensive company report
Innovare IT Solutions 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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Secure checkout · GST invoice included
Brands
Innovare IT Solutions operates two associated brands: SciFi Kids and Innovare IT Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers augmented reality-based games and experiences for children. | scifikids.in | |
| Delivers comprehensive AR solutions for marketing. | itsinnovare.com |
Business activity
The main business activity of Innovare IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Innovare IT Solutions Private Limited, buy the company report.
Financials of Innovare IT Solutions Private Limited
FY 2025 filings availableInnovare IT Solutions Private Limited reported revenue of ₹16.69 Lakh (down 93% YoY) for FY 2025.
Revenue · FY 2025
₹16.69 Lakh ▼ 93%
Net loss · FY 2025
₹23,262 margin -1.4%
EBITDA · FY 2025
₹39,510 margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 93%
3 years · compounded
▼ 47%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 64%
5 years · compounded
▼ 39%
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 93% fall in the latest year. EBITDA fell 87% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹39,510 | ||||
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| Net Profit (PAT) | -₹23,262 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -1.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Innovare IT Solutions Private Limited, buy the company report.
Board of directors of Innovare IT Solutions Private Limited
Innovare IT Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyabrata Bishnu Acharya Also directs: Raiar Technologies Private Limited | Director | 25 Jan 2016 | 10 Years 9 Months | Current |
| Sri Lakshmi Kosaraju | Additional Director | 20 Jun 2019 | 7 Years 4 Months | Current |
| Sivaji Yerra Also directs: Plugxr Reality Private Limited | Director | 10 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Innovare IT Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M-Web Development Private Limited | ₹16.73 Lakh (FY 2018) | Hydrabad, Telangana, India | ||||
| Triple Tap Games Private Limited | ₹16.72 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Saragh Soft Technologies Private Limited | ₹16.7 Lakh (FY 2025) | 16.0% | Mangalore, Karnataka, India | |||
| B-Bookkizee Online Private Limited | ₹16.7 Lakh (FY 2025) | 678.0% | Nedumangad, Kerala, India | |||
| Malraj Solutions Private Limited | ₹16.69 Lakh (FY 2023) | -42.0% | Delhi, India | |||
| Innovare IT Solutions Private Limitedthis company | ₹16.69 Lakh (FY 2025) | -₹23,262 | -1.4% | -93.0% | Hyderabad, Telangana, India | |
| CGLS Services Private Limited | ₹16.68 Lakh (FY 2024) | -89.0% | Pune, Maharashtra, India | |||
| Spatialmate Consultancy Private Limited | ₹16.68 Lakh (FY 2025) | -56.0% | Dindigul, Tamil Nadu, India | |||
| Digene Labs Services Private Limited | ₹16.67 Lakh (FY 2025) | -14.0% | Hyderabad, Telangana, India | |||
| Moneyxl Technologies Private Limited | ₹16.66 Lakh (FY 2021) | -76.0% | Greater Noida, Uttar Pradesh, India | |||
| Grull Technologies Private Limited | ₹16.66 Lakh (FY 2024) | New Delhi, Delhi, India |
To see the full peer comparison of Innovare IT Solutions Private Limited, buy the company report.
Auditor
Innovare IT Solutions Private Limited is audited by ASK & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASK & CO | FY 2023 | 013735S |
Shareholding
The shareholding of Innovare IT Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovare IT Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovare IT Solutions 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 Innovare IT Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovare IT Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCI7427B1ZT | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovare IT Solutions Private Limited, buy the company report.
Recent activity
Innovare IT Solutions Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Sri Lakshmi Kosaraju was appointed as Additional Director on 20 Jun 2019.
AGM
Innovare It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovare It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Appointed
Sri Lakshmi Kosaraju was appointed as Additional Director.
Appointed
Satyabrata Bishnu Acharya was appointed as Director.
Ceased
Surya Prakash Naidu Yalla ceased to be Director.
Appointed
Sivaji Yerra was appointed as Director.
Incorporation
10 Feb 2015
Innovare It Solutions Private Limited was registered on 10 Feb 2015 with Roc Hyderabad & aged 11 years 8 months as per MCA records.
Frequently asked questions
Innovare IT Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 10 February 2015 (11+ years old) and is registered under CIN U72200TG2015PTC097590.
Innovare IT Solutions has 3 current directors:
- Satyabrata Bishnu Acharya - Director
- Sri Lakshmi Kosaraju - Additional Director
- Sivaji Yerra - Director
The latest financial statements of Innovare IT Solutions 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 2015 are in the company report.
The GSTIN of Innovare IT Solutions is 36AADCI7427B1ZT, registered in Telangana.
The CIN (Corporate Identification Number) of Innovare IT Solutions is U72200TG2015PTC097590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovare IT Solutions was incorporated on 10 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Innovare IT Solutions by revenue are M-Web Development Private Limited, Triple Tap Games Private Limited, Saragh Soft Technologies Private Limited, B-Bookkizee Online Private Limited, Malraj Solutions Private Limited and 5 more, all in the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Sri Lakshmi Kosaraju was appointed as Additional Director on 20 Jun 2019. Satyabrata Bishnu Acharya was appointed as Director on 25 Jan 2016. Surya Prakash Naidu Yalla ceased to be Director on 25 Jan 2016. Innovare IT Solutions has 4 board changes on record in total.
Yes, Innovare IT Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TS-02-0065899).
Innovare IT Solutions can be reached through the website itsinnovare.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Innovare IT Solutions is at H.No.1 – 98902913 Pno – 13 3rd Floor Akshaya Space G.B.Pet Jubilee Hills, Hyderabad, Telangana, India – 500081.