About Mits Innovation Research and Consultancy Private Limited
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Mits Innovation Research and Consultancy Private Limited is a private limited company based in Bhubaneshwar, Odisha, India. It operates in the business support services segment of the business services sector. It was incorporated on 11 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U73100OR2011PTC014465.
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors Sriram Panda and Balakrishna Panda.
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 2(P) Infocity Patia Chandrasekharpur, Bhubaneshwar, Odisha, India – 751024.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Lakh, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹16,050 (net margin 8.9%) and EBITDA of ₹16,520 (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mitsgroup.co.
Company details
Contact details
Mits Innovation Research and Consultancy Private Limited's registered office is in Bhubaneshwar, Odisha. Its website is mitsgroup.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2(P) Infocity Patia Chandrasekharpur, Bhubaneshwar, Odisha, India – 751024
- IndustryBusiness Services, Business Support Services
To see the full contact details of Mits Innovation Research and Consultancy Private Limited, buy the company report.
- 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
Business activity
The main business activity of Mits Innovation Research and Consultancy is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Mits Innovation Research and Consultancy Private Limited, buy the company report.
Financials of Mits Innovation Research and Consultancy Private Limited
FY 2025 filings availableMits Innovation Research and Consultancy Private Limited reported revenue of ₹1.8 Lakh (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 3% growth in the latest year. EBITDA rose 7% 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
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| EBITDA | ₹16,520 | ||||
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| Net Profit (PAT) | ₹16,050 | ||||
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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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| EBITDA Margin | 9.2% | ||||
| Net Profit Margin | 8.9% | ||||
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To see the full financial statements and ratios of Mits Innovation Research and Consultancy Private Limited, buy the company report.
Board of directors of Mits Innovation Research and Consultancy Private Limited
Mits Innovation Research and Consultancy 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 |
|---|---|---|---|---|
| Sriram Panda Also directs: Mits Mega Food Park Limited, Expo Biotech Limited | Director | 11 Nov 2011 | 14 Years 11 Months | Current |
| Balakrishna Panda | Director | 11 Nov 2011 | 14 Years 11 Months | Current |
Auditor
Mits Innovation Research and Consultancy Private Limited is audited by CHAND & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHAND & CO | FY 2019 | 323167E |
Shareholding
The shareholding of Mits Innovation Research and Consultancy Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mits Innovation Research and Consultancy Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mits Innovation Research and Consultancy 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 Mits Innovation Research and Consultancy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mits Innovation Research and Consultancy Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mits Innovation Research and Consultancy Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Sriram Panda ceased to be Managing Director on 03 Oct 2020.
Frequently asked questions
Mits Innovation Research and Consultancy is an active private limited company based in Bhubaneshwar, Odisha, India. The company works in business support services, within the business services industry. It was incorporated on 11 November 2011 (15+ years old) and is registered under CIN U73100OR2011PTC014465.
Mits Innovation Research and Consultancy has 2 current directors:
- Sriram Panda - Director
- Balakrishna Panda - Director
The latest financial statements of Mits Innovation Research and Consultancy 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Mits Innovation Research and Consultancy is U73100OR2011PTC014465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mits Innovation Research and Consultancy was incorporated on 11 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Cuttack.
Sriram Panda ceased to be Managing Director on 03 Oct 2020. Balakrishna Panda was appointed as Director on 11 Nov 2011. Sriram Panda was appointed as Director on 11 Nov 2011.
Mits Innovation Research and Consultancy can be reached through the website mitsgroup.co. Its registered office is in Bhubaneshwar, Odisha, India.
The registered office of Mits Innovation Research and Consultancy is at 2P Infocity Patia Chandrasekharpur, Bhubaneshwar, Odisha, India – 751024.
Mits Innovation Research and Consultancy operates in the business services industry, in the business support services segment.
The compliance status of Mits Innovation Research and Consultancy is compliant as of 08 July 2026. The company is actively filing with the Registrar of Companies.
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