MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0051249
Innovative Thought Process Private Limited - internet in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹3.53 Lakh
▼ 76% YoY
Net loss · FY 2023
₹4.15 Lakh
Net margin -117.6%
EBITDA · FY 2023
-₹1.62 Lakh
EBITDA margin -45.9%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
GST registrations
2
None active
About Innovative Thought Process Private Limited
Data last updated:
Innovative Thought Process Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 24 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U80101GJ2006PTC048294. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Niti Himanshu Joshi (Whole-Time Director) and Himanshu Pundriklal Joshi.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 403 Souvenir Flats Opp. Saflaya Parklane Opp.Greenfield, Vadodara, Gujarat, India – 390021.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.53 Lakh, a decline of 76% compared to the previous year. For the same year it recorded a net loss of ₹4.15 Lakh (net margin -117.6%) and EBITDA of -₹1.62 Lakh (EBITDA margin -45.9%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years and 36% over five years.
Innovative Thought Process Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0051249). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meratrainer.com.
Company Details of Innovative Thought Process Private Limited
CIN U80101GJ2006PTC048294
Registration Number 048294
Incorporation Date 24 May 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0051249
Recognitions & Rankings of Innovative Thought Process
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address403 Souvenir Flats Opp. Saflaya Parklane Opp.Greenfield, Vadodara, Gujarat, India – 390021
- IndustryInternet, Online Education & Learning Platforms
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Business Activity of Innovative Thought Process Private Limited
The main business activity of Innovative Thought Process is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Innovative Thought Process Private Limited FY 2023 filings available
Innovative Thought Process Private Limited reported revenue of ₹3.53 Lakh (down 76% YoY) for FY 2023.
Revenue · FY 2023
₹3.53 Lakh ▼ 76%
Net loss · FY 2023
₹4.15 Lakh margin -117.6%
EBITDA · FY 2023
-₹1.62 Lakh margin -45.9%
Compounded Annual Growth Rate (CAGR) of Innovative Thought Process Private Limited
Revenue CAGR growth
1 year
▼ 76%
3 years · compounded
▼ 56%
5 years · compounded
▲ 36%
EBITDA CAGR growth
1 year
▼ 176%
3 years · compounded
▼ 57%
5 years · compounded
▼ 81%
Revenue fell 76% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 36%. EBITDA fell 176% 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 Innovative Thought Process Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3.53 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.15 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 Innovative Thought Process Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -45.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -117.6% | •••• | •••• | •••• | •••• |
| 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 Innovative Thought Process are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Innovative Thought Process Private Limited
Innovative Thought Process has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Pundriklal Joshi Also directs: Advisor Learning Resorts Limited | Director | 24 May 2006 | 20 Years 4 Months | Current |
| Niti Himanshu Joshi Also directs: Advisor Learning Resorts Limited | Whole-Time Director | 29 Mar 2019 | 7 Years 6 Months | Current |
Peer Comparison of Innovative Thought Process Private Limited
Innovative Thought Process Private Limited is compared with the companies closest to it by revenue in the Education industry (Education, Office and School Supplies). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Bhikshu Education & Health Care Private Limited | ₹3.57 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | Kolkata, West Bengal, India |
| Smartness Technology Education Point Private Limited | ₹3.57 Lakh (FY 2018) | •••• | •••• | -18.0% | •••• | Fatehpur, Rajasthan, India |
| Advent Education Global Advisors Private Limited | ₹3.55 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Kolkata, West Bengal, India |
| Ilay Business and Education Private Limited | ₹3.54 Lakh (FY 2025) | •••• | •••• | 1343.0% | •••• | Hazaribagh, Jharkhand, India |
| Umbria Education Private Limited | ₹3.53 Lakh (FY 2025) | •••• | •••• | •••• | Bhubaneswar, Odisha, India | |
| Innovative Thought Process Private Limited this company | ₹3.53 Lakh (FY 2023) | •••• | •••• | -76.0% | •••• | Vadodara, Gujarat, India |
| Magikdreams Smile 500 Trade and Online Education Private Limited | ₹3.53 Lakh (FY 2019) | •••• | •••• | •••• | Shahpura, Rajasthan, India | |
| Sai Learnersvalley Education Private Limited | ₹3.52 Lakh (FY 2020) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Tutorops Education Private Limited | ₹3.52 Lakh (FY 2025) | •••• | •••• | •••• | Bengaluru, Karnataka, India | |
| Bage Education Career Private Limited | ₹3.52 Lakh (FY 2021) | •••• | •••• | -10.0% | •••• | Thane, Maharashtra, India |
| Smartq Education Solutions Private Limited | ₹3.51 Lakh (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Innovative Thought Process by revenue in the Education industry (Education, Office and School Supplies), 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 Innovative Thought Process Private Limited
Innovative Thought Process Private Limited is audited by C.A. UDIT PATADIYA for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C.A. UDIT PATADIYA | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Innovative Thought Process Private Limited
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Charges & Borrowings of Innovative Thought Process Private Limited
Innovative Thought Process Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovative Thought Process Private Limited
Employment history and EPFO contributions of people linked to Innovative Thought Process.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Innovative Thought Process Private Limited
Innovative Thought Process Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Niti Himanshu Joshi ceased to be Additional Director on 30 Sep 2019.
AGM
Innovative Thought Process Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Innovative Thought Process Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Ceased
Niti Himanshu Joshi ceased to be Additional Director.
Ceased
Himsweta Hemal Malaviya ceased to be Director.
Ceased
Mridul Pundrik Joshi ceased to be Director.
Appointed
Niti Himanshu Joshi was appointed as Whole-Time Director.
Ceased
Pundrik Lal Joshi ceased to be Director.
Appointed
Himanshu Pundriklal Joshi was appointed as Director.
Incorporation
24 May 2006
Innovative Thought Process Private Limited was registered on 24 May 2006 with Roc Ahmedabad & aged 20 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Thought Process Private Limited
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MSME Payment Delays by Innovative Thought Process Private Limited
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Subsidiaries & Group Companies of Innovative Thought Process Private Limited
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GST Compliance of Innovative Thought Process Private Limited
Innovative Thought Process has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
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MCA Filings & Documents of Innovative Thought Process Private Limited
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Frequently Asked Questions about Innovative Thought Process Private Limited
Innovative Thought Process is an active private limited company based in Vadodara, Gujarat, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 24 May 2006 (20+ years old) and is registered under CIN U80101GJ2006PTC048294.
Innovative Thought Process reported revenue of ₹3.53 Lakh for FY 2023 (down 76% YoY).
Innovative Thought Process has 2 current directors:
- Niti Himanshu Joshi - Whole-Time Director
- Himanshu Pundriklal Joshi - Director
Innovative Thought Process reported a net loss of ₹4.15 Lakh (net margin -117.6%) and EBITDA of -₹1.62 Lakh (EBITDA margin -45.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Thought Process is -56% over three years and 36% over five years. In the latest year (FY 2023) revenue fell 76%. CAGR is the steady yearly rate that links the first and the last year.
No. Innovative Thought Process has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Thought Process is U80101GJ2006PTC048294. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Thought Process was incorporated on 24 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovative Thought Process by revenue are Shree Bhikshu Education & Health Care Private Limited, Smartness Technology Education Point Private Limited, Advent Education Global Advisors Private Limited, Ilay Business and Education Private Limited, Umbria Education Private Limited and 5 more, all in the Education industry (Education, Office and School Supplies).
Niti Himanshu Joshi ceased to be Additional Director on 30 Sep 2019. Himsweta Hemal Malaviya ceased to be Director on 29 Mar 2019. Mridul Pundrik Joshi ceased to be Director on 29 Mar 2019. Innovative Thought Process has 6 board changes on record in total.
Yes, Innovative Thought Process is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0051249).