About Inovaantage Systems Private Limited
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Inovaantage Systems Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 02 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U72900OR2017PTC026339. Its GSTIN is 21AAGCK4365H1ZO (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Kbmsystem Innovation Private Limited and Twentyfourseven Systems Private Limited. It is led by directors Sukanta Kumar Jena and Maitrei Jena.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot – 516/1725 Duplex – 27 Aryapalli Kiitcollegeroad, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.92 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹2.46 Lakh (net margin 0.8%) and EBITDA of ₹10.09 Lakh (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Inovaantage.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inovaantage.com.
Name History of Inovaantage Systems Private Limited
Inovaantage Systems has undergone 3 name changes throughout its history. The company was previously known as Kbmsystem Innovation Private Limited, Twentyfourseven Systems Private Limited, and Inoventives Private Limited. The current legal name is Inovaantage Systems Private Limited.
| Company Name | Status |
|---|---|
| Inovaantage Systems Private Limited | Current |
| Kbmsystem Innovation Private Limited | Previous |
| Twentyfourseven Systems Private Limited | Previous |
| Inoventives Private Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot – 516/1725 Duplex – 27 Aryapalli Kiitcollegeroad, Bhubaneswar, Odisha, India – 751024
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Inovaantage Systems Private Limited
Inovaantage Systems operates one associated brand: Inovaantage. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers IT services and data management for telecom, utilities, and transportation industries worldwide. | inovaantage.com |
Business Activity of Inovaantage Systems Private Limited
The main business activity of Inovaantage Systems is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Inovaantage Systems Private Limited FY 2024 filings available
Inovaantage Systems Private Limited reported revenue of ₹2.92 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Inovaantage Systems Private Limited
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 89%. EBITDA rose 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 of Inovaantage Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹10.09 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.46 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 Inovaantage Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Inovaantage Systems are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Inovaantage Systems Private Limited
Inovaantage Systems has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukanta Kumar Jena | Director | 14 May 2022 | 4 Years 5 Months | Current |
| Maitrei Jena | Director | 25 Jun 2022 | 4 Years 3 Months | Current |
Peer Comparison of Inovaantage Systems Private Limited
Inovaantage Systems Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambey Irish Constructions Private Limited | ₹2.93 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Ranchi, Jharkhand, India |
| Usxi (India) Private Limited | ₹2.93 Cr (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Spectrum Controls Private Limited | ₹2.92 Cr (FY 2020) | •••• | •••• | -50.0% | •••• | Nashik, Maharashtra, India |
| Truworth Infotech Private Limited | ₹2.92 Cr (FY 2025) | •••• | •••• | 246.0% | •••• | Jaipur, Rajasthan, India |
| Devenue Innovations Private Limited | ₹2.92 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Inovaantage Systems Private Limited this company | ₹2.92 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Bhubaneswar, Odisha, India |
| Knowzies Technology Solutions Private Limited | ₹2.91 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Strategism India Private Limited | ₹2.91 Cr (FY 2021) | •••• | •••• | 381.0% | •••• | Chitranjan Park, Delhi, India |
| Twenty Six Miles Capital Private Limited | ₹2.9 Cr (FY 2025) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Udm Global Solution Private Limited | ₹2.9 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Bangalore, Karnataka, India |
| Quest Innovative Solutions Private Limited | ₹2.9 Cr (FY 2025) | •••• | •••• | 77.0% | •••• | Kochi, Kerala, India |
Peers are the five companies nearest above and the five nearest below Inovaantage Systems by revenue in the Information Technology industry (IT Consulting and Services), 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 Inovaantage Systems Private Limited
Inovaantage Systems Private Limited is audited by P A M S & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P A M S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Inovaantage Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Inovaantage Systems Private Limited
Inovaantage Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Inovaantage Systems Private Limited
Employment history and EPFO contributions of people linked to Inovaantage Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Inovaantage Systems Private Limited
Inovaantage Systems Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Swetaketu Baidya ceased to be Director on 25 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Inovaantage Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Inovaantage Systems Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Inovaantage Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Inovaantage Systems Private Limited
Inovaantage Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCK4365H1ZO | Odisha | Active | 10 Jul 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Inovaantage Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Inovaantage Systems Private Limited
Frequently Asked Questions about Inovaantage Systems Private Limited
Inovaantage Systems is an active private limited company based in Bhubaneswar, Odisha, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 02 February 2017 (9+ years old) and is registered under CIN U72900OR2017PTC026339.
Inovaantage Systems reported revenue of ₹2.92 Cr for FY 2024 (down 8% YoY).
Inovaantage Systems has 2 current directors:
- Sukanta Kumar Jena - Director
- Maitrei Jena - Director
Inovaantage Systems reported a net profit of ₹2.46 Lakh (net margin 0.8%) and EBITDA of ₹10.09 Lakh (EBITDA margin 3.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Inovaantage Systems is 89% over three years. In the latest year (FY 2024) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Inovaantage Systems is 21AAGCK4365H1ZO, registered in Odisha.
The CIN (Corporate Identification Number) of Inovaantage Systems is U72900OR2017PTC026339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inovaantage Systems was incorporated on 02 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Inovaantage Systems by revenue are Ambey Irish Constructions Private Limited, Usxi (India) Private Limited, Spectrum Controls Private Limited, Truworth Infotech Private Limited, Devenue Innovations Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services).
Swetaketu Baidya ceased to be Director on 25 Jul 2025. Kalpana Mohanty ceased to be Director on 25 Jun 2022. Kharabela Mohanty ceased to be Director on 25 Jun 2022. Inovaantage Systems has 7 board changes on record in total.
Inovaantage Systems can be reached through the website inovaantage.com. Its registered office is in Bhubaneswar, Odisha, India.