DPIIT recognised startup Government of India
Startup India
Innovura Technologies Private Limited
Innovura Technologies Private Limited - consumer electronics & durables in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.94 Cr
▲ 85% YoY
Net profit · FY 2024
₹31.95 Lakh
Net margin 16.5%
EBITDA · FY 2024
₹51.55 Lakh
EBITDA margin 26.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Innovura Technologies Private Limited
Data last updated:
Innovura Technologies Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 10 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2020PTC112043. Its GSTIN is 24AAFCI5422C1Z3 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Karan Ajaykumar Shah and Chirag Ashok 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 G – 2 Lohabhavan Baroda Pitha Madan Zampa Baroda, Vadodara, Gujarat, India – 390001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.94 Cr, a growth of 85% compared to the previous year. For the same year it recorded a net profit of ₹31.95 Lakh (net margin 16.5%) and EBITDA of ₹51.55 Lakh (EBITDA margin 26.6%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years.
The company is associated with 2 brands: Innovura and Lock It.
Company details
CIN U31909GJ2020PTC112043
Registration Number 112043
Incorporation Date 10 January 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Innovura Technologies
Contact details
Innovura Technologies Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressG – 2 Lohabhavan Baroda Pitha Madan Zampa Baroda, Vadodara, Gujarat, India – 390001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Innovura Technologies Private Limited, buy the company report.
Comprehensive company report
Innovura 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
Innovura Technologies operates two associated brands: Innovura and lock it. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers mobile app development, website design, and digital transformation services. | innovuratech.com | |
| Delivers comprehensive smart lock solutions for enhanced home security. | lockitpro.com |
Business activity
The main business activity of Innovura Technologies is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Innovura Technologies Private Limited, buy the company report.
Financials of Innovura Technologies Private Limited
FY 2025 filings availableInnovura Technologies Private Limited reported revenue of ₹1.94 Cr (up 85% YoY) for FY 2024.
Revenue · FY 2024
₹1.94 Cr ▲ 85%
Net profit · FY 2024
₹31.95 Lakh margin 16.5%
EBITDA · FY 2024
₹51.55 Lakh margin 26.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 64%
EBITDA CAGR growth
1 year
▲ 244%
3 years · compounded
▲ 109%
Revenue has grown at a compounded annual rate (CAGR) of 64% over three years, including 85% growth in the latest year. EBITDA rose 244% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹51.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.95 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.6% | ||||
| Net Profit Margin | 16.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Innovura Technologies Private Limited, buy the company report.
Board of directors of Innovura Technologies Private Limited
Innovura Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Ajaykumar Shah Also directs: New Norm Technologies LLP | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
| Chirag Ashok Shah Also directs: New Norm Technologies LLP | Director | 10 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Innovura Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Smartech Yuva Services Private Limited | ₹1.94 Cr (FY 2023) | -36.0% | Delhi, India | |||
| Adamis Ventures Private Limited | ₹1.94 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India | |||
| Sarvamangal Healthcare Private Limited | ₹1.94 Cr (FY 2024) | 46.0% | Sangli, Maharashtra, India | |||
| Jipson Industries Private Limited | ₹1.94 Cr (FY 2025) | 48.0% | Pathankot, Punjab, India | |||
| P S Sumukha Private Limited | ₹1.94 Cr (FY 2023) | -21.0% | Thane, Maharashtra, India | |||
| Innovura Technologies Private Limitedthis company | ₹1.94 Cr (FY 2024) | ₹31.95 Lakh | 16.5% | 85.0% | Vadodara, Gujarat, India | |
| Kreeshna Exim Enterprise Private Limited | ₹1.94 Cr (FY 2024) | -2.0% | Kolkata, West Bengal, India | |||
| Panthi Farmers Producer Company Limited | ₹1.94 Cr (FY 2024) | 134.0% | Mundra, Gujarat, India | |||
| Voltenberg Foods India Private Limited | ₹1.94 Cr (FY 2022) | New Delhi, Delhi, India | ||||
| Aradhana Properties Pvt Ltd | ₹1.94 Cr (FY 2021) | -75.0% | Kolkata, West Bengal, India | |||
| Isometric Wire Trading Private Limited | ₹1.94 Cr (FY 2021) | 69.0% | Delhi, India |
To see the full peer comparison of Innovura Technologies Private Limited, buy the company report.
Auditor
Innovura Technologies Private Limited is audited by JAIMIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIMIN & ASSOCIATES | FY 2023 | 127346W |
Shareholding
The shareholding of Innovura Technologies Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innovura Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovura Technologies 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 Innovura Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovura Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCI5422C1Z3 | Gujarat | Active | 24 Mar 2020 |
To see the full GST registrations and return filing status of Innovura Technologies Private Limited, buy the company report.
Recent activity
Innovura Technologies Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Chirag Ashok Shah was appointed as Director on 10 Jan 2020.
AGM
Innovura Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovura Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Chirag Ashok Shah was appointed as Director.
Appointed
Karan Ajaykumar Shah was appointed as Director.
Incorporation
10 Jan 2020
Innovura Technologies Private Limited was registered on 10 Jan 2020 with Roc Ahmedabad & aged 6 years 9 months as per MCA records.
Frequently asked questions
Innovura Technologies is an active private limited company based in Vadodara, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 10 January 2020 (6+ years old) and is registered under CIN U31909GJ2020PTC112043.
Innovura Technologies has 2 current directors:
- Karan Ajaykumar Shah - Director
- Chirag Ashok Shah - Director
The latest financial statements of Innovura 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 2020 are in the company report.
The GSTIN of Innovura Technologies is 24AAFCI5422C1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Innovura Technologies is U31909GJ2020PTC112043. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovura Technologies was incorporated on 10 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovura Technologies by revenue are Smartech Yuva Services Private Limited, Adamis Ventures Private Limited, Sarvamangal Healthcare Private Limited, Jipson Industries Private Limited, P S Sumukha Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Chirag Ashok Shah was appointed as Director on 10 Jan 2020. Karan Ajaykumar Shah was appointed as Director on 10 Jan 2020.
Yes, Innovura Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Innovura Technologies is at G – 2 Lohabhavan Baroda Pitha Madan Zampa Baroda, Vadodara, Gujarat, India – 390001.
Innovura Technologies operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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