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Abita Innovations Private Limited - healthcare in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹30.19 Cr
▲ 5% YoY
Net loss · FY 2024
₹28.33 Cr
Net margin -93.8%
EBITDA · FY 2024
-₹26.57 Cr
EBITDA margin -88%
Authorised capital
₹69.7 Lakh
Registered with MCA
Paid-up capital
₹42.98 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Employees · EPFO
53
Provident fund records
Directors on board
2
As per MCA filings
About Abita Innovations Private Limited
Data last updated:
Abita Innovations Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 09 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2018PTC046162. Its GSTIN is 23AARCA1015F1Z6 (Madhya Pradesh). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹69.7 Lakh and a paid-up capital of ₹42.98 Lakh. It is led by directors Jatin Kakrani and Hitesh Kakrani.
Its last annual general meeting (AGM) was held on 09 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 57 – B Nanak Nagar Gram Pipliarao, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.19 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹28.33 Cr (net margin -93.8%) and EBITDA of -₹26.57 Cr (EBITDA margin -88%). Revenue has grown at a compounded annual rate (CAGR) of 213% over three years and 182% over five years.
The company has about 53 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Abita Healthcare, Dezy and Smiles.ai. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 2 cases are pending. The company has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹162.48 Cr; the latest was in October 2024. Its 4 peer companies in the Healthcare industry (Dental Care), with the same principal business activity (medical and dental practice, nursing, pathology, blood bank services, etc.) are compared by revenue, 2 larger and 2 smaller; the largest is Vasan Dental Hospitals Private Limited with revenue of ₹39.81 Cr.
Abita Innovations Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0044425). For more details, the company can be reached via its website smiles.ai.
Company details
CIN U74999MP2018PTC046162
Registration Number 046162
Incorporation Date 09 July 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-MP-23-0044425
Key People
Jatin Kakrani Director Hitesh Kakrani Director Recognitions & Rankings of Abita Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MP-23-0044425
Contact details
Abita Innovations Private Limited's registered office is in Indore, Madhya Pradesh. Its website is smiles.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address57 – B Nanak Nagar Gram Pipliarao, Indore, Madhya Pradesh, India – 452010
- IndustryHealthcare, HealthTech & Medical Tech Solutions, Dental Care & Orthodontics
To see the full contact details of Abita Innovations Private Limited, buy the company report.
Comprehensive company report
Abita Innovations 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
Abita Innovations operates multiple associated brands including Abita Healthcare, Dezy, and Smiles.ai. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-based practice management software is developed for dental clinics. | abitahealthcare.com | |
| Comprehensive dental services are provided by a chain of clinics. | dezy.com | |
| Chain of dental clinics | smiles.ai |
Business activity
The main business activity of Abita Innovations is hospital and medical care. In detail, this covers medical and dental practice, nursing, pathology, blood bank services, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q2 | Medical and dental practice, Nursing, pathology, blood bank services, etc. |
To see the full business activity and turnover split of Abita Innovations Private Limited, buy the company report.
Financials of Abita Innovations Private Limited
FY 2024 filings availableAbita Innovations Private Limited reported revenue of ₹30.19 Cr (up 5% YoY) for FY 2024.
Revenue · FY 2024
₹30.19 Cr ▲ 5%
Net loss · FY 2024
₹28.33 Cr margin -93.8%
EBITDA · FY 2024
-₹26.57 Cr margin -88%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 213%
5 years · compounded
▲ 182%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 225%
5 years · compounded
▼ 253%
Revenue has grown at a compounded annual rate (CAGR) of 182% over five years, including 5% growth in the latest year. EBITDA rose 24% 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 |
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| EBITDA | -₹26.57 Cr | ||||
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| Net Profit (PAT) | -₹28.33 Cr | ||||
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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 | -88% | ||||
| Net Profit Margin | -93.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Abita Innovations Private Limited, buy the company report.
Board of directors of Abita Innovations Private Limited
Abita Innovations has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Kakrani | Director | 09 Jul 2018 | 8 Years 4 Months | Current |
| Hitesh Kakrani | Director | 09 Jul 2018 | 8 Years 4 Months | Current |
Peer comparison
Abita Innovations Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Dental Care), with the same principal business activity (medical and dental practice, nursing, pathology, blood bank services, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vasan Dental Hospitals Private Limited | ₹39.81 Cr (FY 2016) | -24.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Orthosquare Multispeciality Dental Clinic Private Limited | ₹35.17 Cr (FY 2024) | 10.0% | Mumbai, Maharashtra, India | |||
| Abita Innovations Private Limitedthis company | ₹30.19 Cr (FY 2024) | -₹28.33 Cr | -93.8% | 5.0% | 53 | Indore, Madhya Pradesh, India |
| Axiss Dental Private Limited | ₹25.96 Cr (FY 2017) | 0.0% | New Delhi, Delhi, India | |||
| F.M.S.Dental Private Limited | ₹25.04 Cr (FY 2024) | 9.0% | Telangana, India |
To see the full peer comparison of Abita Innovations Private Limited, buy the company report.
Auditor
Abita Innovations Private Limited is audited by KIRTANE & PANDIT LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KIRTANE & PANDIT LLP | FY 2023 | 105215W/W100057 |
Shareholding
The shareholding of Abita Innovations Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Abita Innovations Private Limited, buy the company report.
Deals & funding
Abita Innovations Private Limited has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹162.48 Cr; the latest was in October 2024.
Total deals
8
Funding rounds
5
Secondary share transfers
3
Disclosed funding
₹162.48 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Funding round | ₹50.37 Cr | Investors: Peak XV Partners (Sequoia India and SEA), Alpha Wave Global, Chiratae Ventures (IDG) |
| Jan 2022 | Funding round · Series A | ₹105.86 Cr | Investors: Alpha Wave Global, Chiratae Ventures (IDG), Peak XV Partners (Sequoia India and SEA) |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Peak XV Partners (Sequoia India and SEA), Chiratae Ventures (IDG) Seller: Idrive Information Services Private Limited |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Idrive Information Services Private Limited Seller: 4 individuals |
| Nov 2020 | Funding round · Seed | ₹5.5 Cr | Investors: Peak XV Partners (Sequoia India and SEA), Chiratae Ventures (IDG), 2 individuals |
To see the full deal history of Abita Innovations Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Abita Innovations Private Limited has 6 court cases on record: 1 filed by Abita Innovations, 5 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Outlier Innovations Private Limited Through Representative Sidharth Singh | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Avp HR Solutions Rep by Prince Soni | Disposed |
| NCLT, Indore | Court case (COMP.APPL) | Filed against the company by individuals | Disposed |
| NCLT, Indore | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
To see the full case history of Abita Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Abita Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Abita Innovations Private Limited has a workforce of 53 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
53
Active EPFO establishments
1
Employee growth
-50.9%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 53 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Abita Innovations Private Limited, buy the company report.
GST
Abita Innovations has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AARCA1015F1Z6 | Madhya Pradesh | Active | 04 Oct 2018 |
| 29AARCA1015F1ZU | Karnataka | Active | 14 Mar 2022 |
| 07AARCA1015F1Z0 | Delhi | Active | 26 Apr 2023 |
| 36AARCA1015F1ZZ | Telangana | Active | 29 Apr 2023 |
To see the full GST registrations and return filing status of Abita Innovations Private Limited, buy the company report.
Recent activity
Abita Innovations Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Hitesh Kakrani was appointed as Director on 09 Jul 2018.
AGM
Abita Innovations Private Limited last Annual general meeting of members was held on 09 Nov 2024 as per latest MCA records.
Filing
Abita Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Appointed
Hitesh Kakrani was appointed as Director.
Appointed
Jatin Kakrani was appointed as Director.
Incorporation
09 Jul 2018
Abita Innovations Private Limited was registered on 09 Jul 2018 with Roc Gwalior & aged 8 years 4 months as per MCA records.
News
Frequently asked questions
Abita Innovations is an active private limited company based in Indore, Madhya Pradesh, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 09 July 2018 (8+ years old) and is registered under CIN U74999MP2018PTC046162.
Abita Innovations has 2 current directors:
- Jatin Kakrani - Director
- Hitesh Kakrani - Director
The latest financial statements of Abita Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 November 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Abita Innovations is 23AARCA1015F1Z6, registered in Madhya Pradesh. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 29AARCA1015F1ZU (Karnataka), 07AARCA1015F1Z0 (Delhi), 36AARCA1015F1ZZ (Telangana).
The CIN (Corporate Identification Number) of Abita Innovations is U74999MP2018PTC046162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abita Innovations has 6 court cases on record: 1 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Abita Innovations was incorporated on 09 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
Abita Innovations has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹162.48 Cr; the latest was in October 2024.
The peers of Abita Innovations by revenue are Vasan Dental Hospitals Private Limited, Orthosquare Multispeciality Dental Clinic Private Limited, Axiss Dental Private Limited, F.M.S.Dental Private Limited, all in the Healthcare industry (Dental Care), with the same principal business activity (medical and dental practice, nursing, pathology, blood bank services, etc.).
Hitesh Kakrani was appointed as Director on 09 Jul 2018. Jatin Kakrani was appointed as Director on 09 Jul 2018.
Yes, Abita Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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