MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-UP-50-0076504
Innovese Mercantile Private Limited - professional services in Lucknow, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39,676
▼ 56% YoY
Net loss · FY 2024
₹87,869
Net margin -221.5%
EBITDA · FY 2024
-₹51,608
EBITDA margin -130.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Innovese Mercantile Private Limited
Data last updated:
Innovese Mercantile Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the personal services segment of the professional services sector. It was incorporated on 21 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U51101UP2016PTC077485. Its GSTIN is 09AAECI2610M1ZJ (Uttar Pradesh).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mayank Agarwal and Maneesh Kumar Verma.
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 538Ka/1546 Triveni Nagar II, Lucknow, Uttar Pradesh, India – 226020.
As per the financials filed for FY 2024, the company reported a revenue of ₹39,676, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹87,869 (net margin -221.5%) and EBITDA of -₹51,608 (EBITDA margin -130.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 8% over five years.
Innovese Mercantile Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-50-0076504). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website airbuysell.com.
Company details
CIN U51101UP2016PTC077485
Registration Number 077485
Incorporation Date 21 March 2016
ROC Kanpur
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-UP-50-0076504
Recognitions & Rankings of Innovese Mercantile
Contact details
Innovese Mercantile Private Limited's registered office is in Lucknow, Uttar Pradesh. Its website is airbuysell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address538Ka/1546 Triveni Nagar II, Lucknow, Uttar Pradesh, India – 226020
- IndustryProfessional Services, Personal, Scientific, Technical
To see the full contact details of Innovese Mercantile Private Limited, buy the company report.
Comprehensive company report
Innovese Mercantile 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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Business activity
The main business activity of Innovese Mercantile is professional, scientific and technical. 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 | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Innovese Mercantile Private Limited, buy the company report.
Financials of Innovese Mercantile Private Limited
FY 2025 filings availableInnovese Mercantile Private Limited reported revenue of ₹39,676 (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹39,676 ▼ 56%
Net loss · FY 2024
₹87,869 margin -221.5%
EBITDA · FY 2024
-₹51,608 margin -130.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▼ 35%
5 years · compounded
▲ 8%
EBITDA CAGR growth
3 years · compounded
▼ 49%
5 years · compounded
▼ 16%
Revenue fell 56% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹51,608 | ||||
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| Net Profit (PAT) | -₹87,869 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -130.1% | ||||
| Net Profit Margin | -221.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Innovese Mercantile Private Limited, buy the company report.
Board of directors of Innovese Mercantile Private Limited
Innovese Mercantile has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Agarwal Also directs: Fundemics Tutorials LLP, Airbuysell Pharma Private Limited, Airbuysell Technology Private Limited and 1 more | Director | 21 Mar 2016 | 10 Years 7 Months | Current |
| Maneesh Kumar Verma | Director | 21 Mar 2016 | 10 Years 7 Months | Current |
Peer comparison
Innovese Mercantile Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vivid Impex Private Limited | ₹39,800 (FY 2022) | -91.0% | Pune, Maharashtra, India | |||
| Eazr Digipayments Private Limited | ₹39,780 (FY 2025) | 2213.0% | Mumbai, Maharashtra, India | |||
| Mobisparks Infotech Private Limited | ₹39,746 (FY 2024) | -53.0% | Bangalore, Karnataka, India | |||
| Innovese Mercantile Private Limitedthis company | ₹39,676 (FY 2024) | -₹87,869 | -221.5% | -56.0% | Lucknow, Uttar Pradesh, India | |
| Astringe Infosystems Private Limited | ₹39,674 (FY 2021) | Hyderabad, Telangana, India | ||||
| Artinotech Private Limited | ₹39,650 (FY 2024) | 6.0% | Dhanbad, Jharkhand, India | |||
| Bluefoot Cultural Consulting Private Limited | ₹39,578 (FY 2019) | -92.0% | Bangalore, Karnataka, India | |||
| Hastag Systems Private Limited | ₹39,570 (FY 2023) | -96.0% | Mumbai, Maharashtra, India | |||
| Proman Properties and Holdings Private Limited | ₹39,562 (FY 2021) | Hyderabad, Telangana, India |
To see the full peer comparison of Innovese Mercantile Private Limited, buy the company report.
Auditor
Innovese Mercantile Private Limited is audited by SPARSH & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SPARSH & Co | FY 2017 | 013070C |
Shareholding
The shareholding of Innovese Mercantile Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Innovese Mercantile Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovese Mercantile 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 Innovese Mercantile Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovese Mercantile has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECI2610M1ZJ | Uttar Pradesh | Active | 08 Aug 2017 |
To see the full GST registrations and return filing status of Innovese Mercantile Private Limited, buy the company report.
Recent activity
Innovese Mercantile Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Maneesh Kumar Verma was appointed as Director on 21 Mar 2016.
AGM
Innovese Mercantile Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovese Mercantile Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur.
Appointed
Maneesh Kumar Verma was appointed as Director.
Appointed
Mayank Agarwal was appointed as Director.
Incorporation
21 Mar 2016
Innovese Mercantile Private Limited was registered on 21 Mar 2016 with Roc Kanpur & aged 10 years 7 months as per MCA records.
Frequently asked questions
Innovese Mercantile is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in personal, within the professional services industry. It was incorporated on 21 March 2016 (10+ years old) and is registered under CIN U51101UP2016PTC077485.
Innovese Mercantile has 2 current directors:
- Mayank Agarwal - Director
- Maneesh Kumar Verma - Director
The latest financial statements of Innovese Mercantile 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 2016 are in the company report.
The GSTIN of Innovese Mercantile is 09AAECI2610M1ZJ, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Innovese Mercantile is U51101UP2016PTC077485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovese Mercantile was incorporated on 21 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Innovese Mercantile by revenue are Vivid Impex Private Limited, Eazr Digipayments Private Limited, Mobisparks Infotech Private Limited, Astringe Infosystems Private Limited, Artinotech Private Limited and 3 more, all in the same principal business activity (other professional, scientific and technical activities).
Maneesh Kumar Verma was appointed as Director on 21 Mar 2016. Mayank Agarwal was appointed as Director on 21 Mar 2016.
Yes, Innovese Mercantile is registered as a micro enterprise under Udyam registration (number: UDYAM-UP-50-0076504).
Innovese Mercantile can be reached through the website airbuysell.com. Its registered office is in Lucknow, Uttar Pradesh, India.
The registered office of Innovese Mercantile is at 538Ka1546 Triveni Nagar II, Lucknow, Uttar Pradesh, India – 226020.