About Innovate Securities Pvt Ltd
Data last updated:
Innovate Securities Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 22 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ1993PTC020487. Its GSTIN is 24AAACI4767R2ZY (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.63 Cr. It is led by directors including Amar Manharlal Parikh (Managing Director) and Pimal K Panchal (Whole-Time Director).
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 1st Floor Devashish 39 Sardarpatel Nagar Ellishbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.99 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹2.85 Cr (net margin 40.7%) and EBITDA of ₹3.92 Cr (EBITDA margin 56.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 17% over five years.
The company is associated with 1 brand: Innovate Securities. Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovatesec.com.
Company details
Contact details
Innovate Securities Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is innovatesec.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1st Floor Devashish 39 Sardarpatel Nagar Ellishbridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Innovate Securities Pvt Ltd, buy the company report.
- 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
Brands
Innovate Securities operates one associated brand: Innovate Securities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Securities broking and depository services are provided in the capital market. | innovatesec.com |
Business activity
The main business activity of Innovate Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Innovate Securities Pvt Ltd, buy the company report.
Financials of Innovate Securities Pvt Ltd
FY 2025 filings availableInnovate Securities Pvt Ltd reported revenue of ₹6.99 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 33% 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 |
|---|---|---|---|---|---|
| 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 | ₹3.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.85 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.1% | ||||
| Net Profit Margin | 40.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Innovate Securities Pvt Ltd, buy the company report.
Board of directors of Innovate Securities Pvt Ltd
Innovate Securities has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kashyap Rajendrabhai Mehta Also directs: Granula Masterbatches India Private Limited, Innovate Derivatives Private Limited, Som Shiva (Impex) Limited and 1 more | Director | 15 Sep 1994 | 32 Years 1 Months | Current |
| Pimal K Panchal Also directs: Innovate Derivatives Private Limited | Whole-Time Director | 23 Apr 2014 | 12 Years 6 Months | Current |
| Amar Manharlal Parikh Also directs: Innovate Derivatives Private Limited | Managing Director | 22 Oct 1993 | 33 Years 0 Months | Current |
| Amit Prafulchandra Shah | Whole-Time Director | 21 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Innovate Securities Pvt Ltd is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alpha Alternatives Ventures Private Limited | ₹7.02 Cr (FY 2024) | Mumbai, Maharashtra, India | ||||
| Commodity Mandi Private Limited | ₹7.01 Cr (FY 2025) | -21.0% | Raipur, Chhattisgarh, India | |||
| Gainn Fintech Private Limited | ₹6.99 Cr (FY 2025) | 129.0% | Mumbai, Maharashtra, India | |||
| Innovate Securities Pvt Ltdthis company | ₹6.99 Cr (FY 2025) | ₹2.85 Cr | 40.7% | -19.0% | Ahmedabad, Gujarat, India | |
| Acegrowth Brokers Private Limited | ₹6.96 Cr (FY 2025) | 49.0% | Delhi, India |
To see the full peer comparison of Innovate Securities Pvt Ltd, buy the company report.
Auditor
Innovate Securities Pvt Ltd is audited by Divyang N. Patel & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Divyang N. Patel & Co. | FY 2023 | 114712W |
Shareholding
The shareholding of Innovate Securities Pvt Ltd 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovate Securities Pvt Ltd, buy the company report.
Legal cases
Innovate Securities Pvt Ltd has 17 court cases on record: 13 filed by Innovate Securities, 4 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 1 |
| High courts | 5 | 3 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Shree Rajeshwaranand Paper Mills Ltd. and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Garden Finance Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Tata Chemicals Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Orient Press Limited. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Vikas WSP Limited 1 | Disposed |
To see the full case history of Innovate Securities Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Innovate Securities Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovate Securities has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4767R2ZY | Gujarat | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Innovate Securities Pvt Ltd, buy the company report.
Recent activity
Innovate Securities Pvt Ltd has 10 board changes on record since 1993: 4 appointments and 6 cessations. The latest: Amit Prafulchandra Shah was appointed as Whole-Time Director on 21 Mar 2018.
1 earlier event is in the company report.
Frequently asked questions
Innovate Securities is an active private limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 22 October 1993 (33+ years old) and is registered under CIN U67120GJ1993PTC020487.
Innovate Securities has 4 current directors:
- Amar Manharlal Parikh - Managing Director
- Pimal K Panchal - Whole-Time Director
- Amit Prafulchandra Shah - Whole-Time Director
- Kashyap Rajendrabhai Mehta - Director
The latest financial statements of Innovate Securities 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 Innovate Securities is 24AAACI4767R2ZY, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovate Securities is U67120GJ1993PTC020487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovate Securities has 17 court cases on record: 13 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Innovate Securities was incorporated on 22 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovate Securities by revenue are Alpha Alternatives Ventures Private Limited, Commodity Mandi Private Limited, Gainn Fintech Private Limited, Acegrowth Brokers Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
Amit Prafulchandra Shah was appointed as Whole-Time Director on 21 Mar 2018. Cyrus Burjor Shroff ceased to be Director on 10 Mar 2018. Dilip Mahendrabhai Shah ceased to be Director on 10 Mar 2018. Innovate Securities has 10 board changes on record in total.
Innovate Securities can be reached through the website innovatesec.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Innovate Securities is at 1st Floor Devashish 39 Sardarpatel Nagar Ellishbridge, Ahmedabad, Gujarat, India – 380006.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
