Innovategreen Technologies Private Limited

Innovategreen Technologies Private Limited - information technology in Paldi, Gujarat, India. FY 2026 financials & compliance.
CIN U72900GJ2017PTC096062 Incorporated 03 March 2017 ROC Ahmedabad HQ Paldi, Gujarat, India
Active Private Limited Company information technology DPIIT Startup MSME · Micro
Data last updated
Revenue · FY 2025
₹55.87 Lakh
▲ 23% YoY
Net loss · FY 2025
₹17.75 Lakh
Net margin -31.8%
EBITDA · FY 2025
-₹16.38 Lakh
EBITDA margin -29.3%
Authorised capital
₹3 Lakh
Registered with MCA
Paid-up capital
₹1.07 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
3
GST registered

About Innovategreen Technologies Private Limited

Data last updated:

Innovategreen Technologies Private Limited is a private limited company based in Paldi, Gujarat, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 March 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2017PTC096062. Its GSTIN is 24AAECI4075Q1CF (Gujarat). The company holds 3 GST registrations, all of them active.

The company has an authorised share capital of ₹3 Lakh and a paid-up capital of ₹1.07 Lakh. It is led by directors Hardik Kiritkumar Shah and Chintal Hardik Shah.

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 6 2nd Floor Shroff Chamber Opp. Navchetan School Above Patel Travels, Paldi, Gujarat, India – 380007.

As per the financials filed for FY 2025, the company reported a revenue of ₹55.87 Lakh, a growth of 23% compared to the previous year. For the same year it recorded a net loss of ₹17.75 Lakh (net margin -31.8%) and EBITDA of -₹16.38 Lakh (EBITDA margin -29.3%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 12% over five years.

The company is associated with 1 brand: Recycle.Green. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.1 Lakh; the latest was in August 2022.

Innovategreen Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0046550). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website recycle.green.

Company details

CIN U72900GJ2017PTC096062
Registration Number 096062
Incorporation Date 03 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0046550
Key People
Hardik Kiritkumar Shah Director Chintal Hardik Shah Director

Recognitions & Rankings of Innovategreen Technologies

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-01-0046550

Contact details

Innovategreen Technologies Private Limited's registered office is in Paldi, Gujarat. Its website is recycle.green. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    recycle.green
  • Social Media
  • Registered Address
    6 2nd Floor Shroff Chamber Opp. Navchetan School Above Patel Travels, Paldi, Gujarat, India – 380007
  • Industry
    Information Technology, IT Consulting & Support Services

To see the full contact details of Innovategreen Technologies Private Limited, buy the company report.

Comprehensive company report
Innovategreen Technologies 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

Innovategreen Technologies operates one associated brand: Recycle.Green. Each brand links to its own profile.

BrandDescriptionWebsite
Recycle.Green
Environment-friendly lifestyle products are sold via an online store.recycle.green

Business activity

The main business activity of Innovategreen Technologies is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Innovategreen Technologies Private Limited, buy the company report.

Financials of Innovategreen Technologies Private Limited

FY 2025 filings available

Innovategreen Technologies Private Limited reported revenue of ₹55.87 Lakh (up 23% YoY) for FY 2025.

Revenue · FY 2025
₹55.87 Lakh ▲ 23%
Net loss · FY 2025
₹17.75 Lakh margin -31.8%
EBITDA · FY 2025
-₹16.38 Lakh margin -29.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▲ 30%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 29%
5 years · compounded
▼ 20%

Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 23% growth in the latest year. EBITDA fell 18% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹16.38 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹17.75 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-29.3%
Net Profit Margin-31.8%
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

To see the full financial statements and ratios of Innovategreen Technologies Private Limited, buy the company report.

Board of directors of Innovategreen Technologies Private Limited

Innovategreen Technologies has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Hardik Kiritkumar Shah
Also directs: Concept Green Consultancy Private Limited
Director03 Mar 20179 Years 7 MonthsCurrent
Chintal Hardik ShahDirector03 Mar 20179 Years 7 MonthsCurrent
View all directors

Auditor

Innovategreen Technologies Private Limited is audited by NIRAV A PATEL & ASSOCIATES for the financial year 2020.

Auditor firmFinancial yearFirm registration number
NIRAV A PATEL & ASSOCIATESFY 2020135076W

Shareholding

The shareholding of Innovategreen Technologies Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2020FY 2019FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Innovategreen Technologies Private Limited, buy the company report.

Deals & funding

Innovategreen Technologies Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.1 Lakh; the latest was in August 2022.

Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹44.1 Lakh

Deals on record (5 of 6)

WhenDealAmountParties
Aug 2022Funding round₹10 LakhInvestors: an individual
Dec 2021Secondary share transferUndisclosedBuyer: 2 individuals
Seller: an individual
Nov 2021Funding round₹24.1 LakhInvestors: 4 individuals
Mar 2021Funding round₹10 LakhInvestors: 2 individuals
Jun 2020Secondary share transferUndisclosedBuyer: India Accelerator, an individual
Seller: an individual

To see the full deal history of Innovategreen Technologies Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Innovategreen Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Innovategreen Technologies has 3 GST registrations: 3 active.

Total GSTINs
3
Active
3
GSTINStateStatusRegistered on
24AAECI4075Q1CFGujaratActive28 Jun 2017
24AAECI4075Q2CEGujaratActive17 Jul 2017
24AAECI4075Q1Z4GujaratActive20 Jul 2017

To see the full GST registrations and return filing status of Innovategreen Technologies Private Limited, buy the company report.

Recent activity

Innovategreen Technologies Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Chintal Hardik Shah was appointed as Director on 03 Mar 2017.

AGM
Innovategreen Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovategreen Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Chintal Hardik Shah was appointed as Director.
Appointed
Hardik Kiritkumar Shah was appointed as Director.
Incorporation
03 Mar 2017
Innovategreen Technologies Private Limited was registered on 03 Mar 2017 with Roc Ahmedabad & aged 9 years 7 months as per MCA records.

Frequently asked questions

Innovategreen Technologies is an active private limited company based in Paldi, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 March 2017 (9+ years old) and is registered under CIN U72900GJ2017PTC096062.

Innovategreen Technologies has 2 current directors:

The latest financial statements of Innovategreen Technologies 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 2017 are in the company report.

The GSTIN of Innovategreen Technologies is 24AAECI4075Q1CF, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAECI4075Q2CE (Gujarat), 24AAECI4075Q1Z4 (Gujarat).

The CIN (Corporate Identification Number) of Innovategreen Technologies is U72900GJ2017PTC096062. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Innovategreen Technologies was incorporated on 03 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Innovategreen Technologies has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹44.1 Lakh; the latest was in August 2022.

Chintal Hardik Shah was appointed as Director on 03 Mar 2017. Hardik Kiritkumar Shah was appointed as Director on 03 Mar 2017.

Yes, Innovategreen Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Innovategreen Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0046550).