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Inovex Solutions Private Limited - business services in Bhubaneswar, Odisha, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹14.27 Lakh
▲ 778% YoY
Net profit · FY 2023
₹26,824
Net margin 1.9%
EBITDA · FY 2023
₹38,793
EBITDA margin 2.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
37
Provident fund records
Directors on board
3
As per MCA filings
About Inovex Solutions Private Limited
Data last updated:
Inovex Solutions Private Limited is a private limited company based in Bhubaneswar, Odisha, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 21 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U74999OR2017PTC027517. Its GSTIN is 21AAECI6020K1ZX (Odisha).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Bhuban Mohan Mishra and Bibhudutta Patra.
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 Plot No 171(B) Lane 6(A) Shree Jagannath Bihar, Bhubaneswar, Odisha, India – 751003.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.27 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹26,824 (net margin 1.9%) and EBITDA of ₹38,793 (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 303% over three years.
The company has about 37 employees on its provident fund (EPFO) records.
Inovex Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-19-0038371). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website inovex.co.in.
Company details
CIN U74999OR2017PTC027517
Registration Number 027517
Incorporation Date 21 August 2017
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-OD-19-0038371
Key People
Bibhudutta Patra Additional Director Bhuban Mohan Mishra Director Subha Sankar Rana Additional Director Recognitions & Rankings of Inovex Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-OD-19-0038371
Contact details
Inovex Solutions Private Limited's registered office is in Bhubaneswar, Odisha. Its website is inovex.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No 171(B) Lane 6(A) Shree Jagannath Bihar, Bhubaneswar, Odisha, India – 751003
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Inovex Solutions Private Limited, buy the company report.
Comprehensive company report
Inovex Solutions 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 Inovex Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Inovex Solutions Private Limited, buy the company report.
Financials of Inovex Solutions Private Limited
FY 2025 filings availableInovex Solutions Private Limited reported revenue of ₹14.27 Lakh (up 778% YoY) for FY 2023.
Revenue · FY 2023
₹14.27 Lakh ▲ 778%
Net profit · FY 2023
₹26,824 margin 1.9%
EBITDA · FY 2023
₹38,793 margin 2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 778%
3 years · compounded
▲ 303%
EBITDA CAGR growth
1 year
▲ 147%
3 years · compounded
▲ 79%
5 years · compounded
▲ 49%
Revenue has grown at a compounded annual rate (CAGR) of 303% over three years, including 778% growth in the latest year. EBITDA rose 147% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹38,793 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹26,824 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Inovex Solutions Private Limited, buy the company report.
Board of directors of Inovex Solutions Private Limited
Inovex Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bibhudutta Patra Also directs: Moneymela P2p Fintech Private Limited | Additional Director | 02 May 2022 | 4 Years 6 Months | Current |
| Bhuban Mohan Mishra Also directs: Shree Solutions & Services Private Limited | Director | 21 Aug 2017 | 9 Years 2 Months | Current |
| Subha Sankar Rana Also directs: Quotus Software Solutions Private Limited | Additional Director | 21 Nov 2022 | 3 Years 11 Months | Current |
Peer comparison
Inovex Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hope Electrical Private Limited | ₹14.3 Lakh (FY 2021) | 472.0% | New Delhi, Delhi, India | |||
| Aditi Agro Products Limited | ₹14.3 Lakh (FY 2024) | 3.0% | Nagpur, Maharashtra, India | |||
| Seagull Engineering Solution Private Limited | ₹14.29 Lakh (FY 2025) | Tiruchirappalli, Tamil Nadu, India | ||||
| Kenono Foundation | ₹14.29 Lakh (FY 2024) | 40.0% | Dimapur, Nagaland, India | |||
| Reelslug Communications Private Limited | ₹14.28 Lakh (FY 2016) | 298.0% | Bangalore, Karnataka, India | |||
| Inovex Solutions Private Limitedthis company | ₹14.27 Lakh (FY 2023) | ₹26,824 | 1.9% | 778.0% | Bhubaneswar, Odisha, India | |
| Parental Consultants Private Limited | ₹14.26 Lakh (FY 2025) | -24.0% | Surat, Gujarat, India | |||
| Vaccum Metallising Industries Private Limited | ₹14.26 Lakh (FY 2025) | -51.0% | New Delhi, Delhi, India | |||
| Elcielo Communications India Private Limited | ₹14.25 Lakh (FY 2022) | 354.0% | Vatakara, Kerala, India | |||
| Octopus 13 Informatics Private Limited | ₹14.25 Lakh (FY 2024) | -37.0% | Pune, Maharashtra, India | |||
| Abhyudya Technocrats (OPC) Private Limited | ₹14.24 Lakh (FY 2023) | 59.0% | Chandigarh, India |
To see the full peer comparison of Inovex Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Inovex Solutions 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 Inovex Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Inovex Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAECI6020K1ZX | Odisha | Active | 04 Oct 2017 |
To see the full GST registrations and return filing status of Inovex Solutions Private Limited, buy the company report.
Recent activity
Inovex Solutions Private Limited has 5 board changes on record since 2017: 3 appointments and 2 cessations. The latest: Subha Sankar Rana was appointed as Additional Director on 21 Nov 2022.
AGM
Inovex Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Inovex Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Appointed
Subha Sankar Rana was appointed as Additional Director.
Ceased
Basanta Kumar Patra ceased to be Director.
Appointed
Bibhudutta Patra was appointed as Additional Director.
Ceased
Monalisha Patra ceased to be Director.
Appointed
Bhuban Mohan Mishra was appointed as Director.
Incorporation
21 Aug 2017
Inovex Solutions Private Limited was registered on 21 Aug 2017 with Roc Cuttack & aged 9 years 2 months as per MCA records.
Frequently asked questions
Inovex Solutions is an active private limited company based in Bhubaneswar, Odisha, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 21 August 2017 (9+ years old) and is registered under CIN U74999OR2017PTC027517.
Inovex Solutions has 3 current directors:
- Bibhudutta Patra - Additional Director
- Bhuban Mohan Mishra - Director
- Subha Sankar Rana - Additional Director
The latest financial statements of Inovex Solutions 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 2018 are in the company report.
The GSTIN of Inovex Solutions is 21AAECI6020K1ZX, registered in Odisha.
The CIN (Corporate Identification Number) of Inovex Solutions is U74999OR2017PTC027517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inovex Solutions was incorporated on 21 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Inovex Solutions by revenue are Hope Electrical Private Limited, Aditi Agro Products Limited, Seagull Engineering Solution Private Limited, Kenono Foundation, Reelslug Communications Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Subha Sankar Rana was appointed as Additional Director on 21 Nov 2022. Basanta Kumar Patra ceased to be Director on 02 May 2022. Bibhudutta Patra was appointed as Additional Director on 02 May 2022. Inovex Solutions has 5 board changes on record in total.
Yes, Inovex Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Inovex Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-19-0038371).
Inovex Solutions can be reached through the website inovex.co.in. Its registered office is in Bhubaneswar, Odisha, India.
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