About Joy Innovations Private Limited
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Joy Innovations Private Limited is a private limited company based in Vellore, Tamil Nadu, India. It operates in the diversified business activities segment of the business services sector. It was incorporated on 08 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC119896. Its GSTIN is 33AAECJ1331L1ZT (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹50,000. It was formerly known as Joy Innovations (Opc) Private Limited. It is led by directors Ranganathan Rajkumar and Jayaprathap Jayapal.
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 No.2/27 Second Floor Vellore City Centre Officers Line, Tamil Nadu, India – 632001.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.65 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.42 Lakh (net margin 10.4%) and EBITDA of ₹2.66 Lakh (EBITDA margin 19.5%). Revenue has grown at a compounded annual rate (CAGR) of 355% over three years and 130% over five years.
The company is associated with 2 brands: Joy Innovations and Banyan Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website joyinnovations.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.2/27 Second Floor Vellore City Centre Officers Line, Tamil Nadu, India – 632001
- IndustryBusiness Services, Miscellaneous Business Activities, Other 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
Business Activity of Joy Innovations Private Limited
The main business activity of Joy Innovations is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | 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 Joy Innovations Private Limited FY 2025 filings available
Joy Innovations Private Limited reported revenue of ₹13.65 Lakh (up 2288% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Joy Innovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 130% over five years. EBITDA rose 174% 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 Joy Innovations 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 | ₹2.66 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.42 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Joy Innovations Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.4% | •••• | •••• | •••• | •••• |
| 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 Joy Innovations are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Joy Innovations Private Limited
Joy Innovations Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hexabirds Private Limited | ₹13.66 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Hisar, Haryana, India |
| Rajdiha Digital Private Limited | ₹13.66 Lakh (FY 2025) | •••• | •••• | 76.0% | •••• | Dhanbad, Jharkhand, India |
| Clickr Services Private Limited | ₹13.66 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Ahmednagar, Maharashtra, India |
| Yosisoft Private Limited | ₹13.66 Lakh (FY 2024) | •••• | •••• | 60.0% | •••• | Chennai, Tamil Nadu, India |
| JNSK Management Advisor Private Limited | ₹13.65 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| Joy Innovations Private Limited this company | ₹13.65 Lakh (FY 2024) | •••• | •••• | 2288.0% | •••• | Vellore, Tamil Nadu, India |
| Mcsoft IT Solutions Private Limited | ₹13.65 Lakh (FY 2024) | •••• | •••• | -27.0% | •••• | Mohali, Punjab, India |
| Kawadiwale Technovations (OPC) Private Limited | ₹13.64 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Kalyan, Maharashtra, India |
| Supamira Infotech Private Limited | ₹13.64 Lakh (FY 2025) | •••• | •••• | -70.0% | •••• | Coimbatore, Tamil Nadu, India |
| Appzit Technologies Private Limited | ₹13.64 Lakh (FY 2023) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Prognosticsoft Solutions Private Limited | ₹13.63 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Joy Innovations by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Joy Innovations Private Limited
Joy Innovations has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranganathan Rajkumar | Director | 29 Aug 2022 | 4 Years 1 Months | Current |
| Jayaprathap Jayapal | Director | 04 Feb 2020 | 6 Years 8 Months | Current |
Ownership and Shareholding of Joy Innovations 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 Joy Innovations Private Limited
Joy Innovations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Joy Innovations Private Limited
Joy Innovations operates two associated brands: Joy Innovations and Banyan Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers website development, digital marketing, software, and app services to businesses. | joyinnovations.net | |
| Data cleansing, UNSPSC classification, and master data management services are provided in the technology sector. | banyansolutions.com |
Employees and EPFO Compliance at Joy Innovations Private Limited
Employment history and EPFO contributions of people linked to Joy Innovations.
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.
CIN History of Joy Innovations Private Limited
Joy Innovations has one previous CIN (Corporate Identification Number): U74999TN2017OPC119896. The current CIN is U74999TN2017PTC119896, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TN2017PTC119896 | Current |
| U74999TN2017OPC119896 | Previous |
Recent Activity on Joy Innovations Private Limited
Joy Innovations Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Karunamurthy Bhaskaran ceased to be Director on 13 Mar 2023.
Credit Ratings, Litigation & Regulatory Alerts for Joy Innovations 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 Joy Innovations 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 Joy Innovations 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 Joy Innovations Private Limited
Joy Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECJ1331L1ZT | Tamil Nadu | Active | 04 Jan 2018 |
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 Joy Innovations 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.
Frequently Asked Questions about Joy Innovations Private Limited
Joy Innovations is an active private limited company based in Vellore, Tamil Nadu, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 08 December 2017 (9+ years old) and is registered under CIN U74999TN2017PTC119896.
Joy Innovations reported revenue of ₹13.65 Lakh for FY 2024 (up 2288% YoY).
Joy Innovations has 2 current directors:
- Ranganathan Rajkumar - Director
- Jayaprathap Jayapal - Director
Joy Innovations reported a net profit of ₹1.42 Lakh (net margin 10.4%) and EBITDA of ₹2.66 Lakh (EBITDA margin 19.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Joy Innovations is 355% over three years and 130% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Joy Innovations is 33AAECJ1331L1ZT, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Joy Innovations is U74999TN2017PTC119896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Joy Innovations was incorporated on 08 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Joy Innovations by revenue are Hexabirds Private Limited, Rajdiha Digital Private Limited, Clickr Services Private Limited, Yosisoft Private Limited, JNSK Management Advisor Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Karunamurthy Bhaskaran ceased to be Director on 13 Mar 2023. Ranganathan Rajkumar was appointed as Director on 29 Aug 2022. Jayaprathap Jayapal was appointed as Director on 04 Feb 2020.
Joy Innovations can be reached through the website joyinnovations.net. Its registered office is in Vellore, Tamil Nadu, India.