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About Innovatit Solutions (India) Private Limited
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Innovatit Solutions (India) Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U72200AP2008PTC061144.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ramadevi Devisetty and Devisetty Narasimha Rao.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4 – 20 – 4 Jkc College Road, Guntur, Andhra Pradesh, India – 522006.
As per the financials filed for FY 2025, the company reported a revenue of ₹30,047, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹46,874 (net margin -156%) and EBITDA of -₹42,290 (EBITDA margin -140.7%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 11% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovatit.com.
Company details
Contact details
Innovatit Solutions (India) Private Limited's registered office is in Guntur, Andhra Pradesh. Its website is innovatit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4 – 20 – 4 Jkc College Road, Guntur, Andhra Pradesh, India – 522006
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Innovatit Solutions (India) Private Limited, 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
Business activity
The main business activity of Innovatit Solutions (India) is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Innovatit Solutions (India) Private Limited, buy the company report.
Financials of Innovatit Solutions (India) Private Limited
FY 2024 filings availableInnovatit Solutions (India) Private Limited reported revenue of ₹30,047 (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 18% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA fell 27% 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 | -₹42,290 | ||||
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| Net Profit (PAT) | -₹46,874 | ||||
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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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| EBITDA Margin | -140.7% | ||||
| Net Profit Margin | -156% | ||||
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To see the full financial statements and ratios of Innovatit Solutions (India) Private Limited, buy the company report.
Board of directors of Innovatit Solutions (India) Private Limited
Innovatit Solutions (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramadevi Devisetty | Director | 03 Nov 2018 | 7 Years 11 Months | Current |
| Devisetty Narasimha Rao | Director | 22 Sep 2008 | 18 Years 1 Months | Current |
| Sarathkumar Devisetty | Director | 22 Sep 2008 | 18 Years 1 Months | Current |
Auditor
Innovatit Solutions (India) Private Limited is audited by KALLAM & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALLAM & ASSOCIATES | FY 2021 | 008753S |
Shareholding
The shareholding of Innovatit Solutions (India) Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Innovatit Solutions (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovatit Solutions (India) 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 Innovatit Solutions (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Innovatit Solutions (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Innovatit Solutions (India) Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Ramadevi Devisetty ceased to be Additional Director on 28 Sep 2019.
Frequently asked questions
Innovatit Solutions (India) is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 September 2008 (18+ years old) and is registered under CIN U72200AP2008PTC061144.
Innovatit Solutions (India) has 3 current directors:
- Ramadevi Devisetty - Director
- Devisetty Narasimha Rao - Director
- Sarathkumar Devisetty - Director
The latest financial statements of Innovatit Solutions (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Innovatit Solutions (India) is U72200AP2008PTC061144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovatit Solutions (India) was incorporated on 22 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Vijayawada.
Ramadevi Devisetty ceased to be Additional Director on 28 Sep 2019. Ramadevi Devisetty was appointed as Director on 03 Nov 2018. Devisetty Narasimha Rao was appointed as Director on 22 Sep 2008. Innovatit Solutions (India) has 4 board changes on record in total.
Innovatit Solutions (India) can be reached through the website innovatit.com. Its registered office is in Guntur, Andhra Pradesh, India.
The registered office of Innovatit Solutions (India) is at 4 – 20 – 4 Jkc College Road, Guntur, Andhra Pradesh, India – 522006.
Innovatit Solutions (India) operates in the information technology industry, in the application development and software solutions segment.
The compliance status of Innovatit Solutions (India) is compliant as of 10 July 2026. The company is actively filing with the Registrar of Companies.
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