About Innocule
Innocule is a Chemicals & Materials company based in Bhubaneswar (India) founded in 2014 by Gyan Ranjan Das. Chemical solutions for efficient mineral processing are provided. Innocule has raised $957.94 thousand across 2 funding rounds from investors including Artha99, Pawan Agarwal and Surbhi Sarna. The company has 81 employees. Innocule was last valued at $13.83 million in May 2024. Its Indian entity Innocule Materials And Additives Private Limited reported revenue of ₹36.41 Cr. Innocule offers products and services including Grinex, Oreflo, FAM, Flumix, and Coalmix. Its focus areas include Chemicals and Materials, Diversified Chemicals, Speciality Chemicals and Mining.
Company details
Provider of chemical solutions for efficient mineral processing. It offers customized solutions addressing challenges in mineral operations, such as low-grade ores and processing difficulties. These solutions aim to maximize output and minimize costs by improving grinding efficiency, reducing downtime caused by material stickiness, enhancing filtration production, and reducing impurities in ores. The solutions are designed for integration into existing plants without significant modifications. Products include solutions for improving grinding, filtration, and reducing impurities in various minerals, as well as enhancing coal quality.
- Headquarters Bhubaneswar, India
- Employees 81
- Founders Gyan Ranjan Das
- Stage Minicorn
- SectorsChemicals & Materials
- Email••••••••
- Phone•••• ••••
- Website innocule.com
- Social LinkedIn
- Legal Name Innocule Materials And Additives Private Limited
- Date of Incorporation 11 Nov, 2014
- Jurisdiction Sarua, Odisha, India
- Annual Revenue₹36.41 Cr
FY 2025 · +27% YoY
- Net Profit₹1.32 Cr
FY 2025 · 4% margin
- EBITDA₹3.10 Cr
FY 2025 · 9% margin
- Total Equity Funding$957.94K (USD)
in 2 rounds
- Latest Funding Round$957.94K (USD), Seed
May 2024
- InvestorsArtha99
& 2 more
- Employee Count81
Associated legal entities of Innocule
Innocule operates through Innocule Materials And Additives Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innocule Materials And Additives Private Limited CIN U24100OR2014PTC018421 | Active | 11 Nov 2014 | Sarua, Odisha | ₹36.4 Cr | 81 | 3 | View details |
Products & Services of Innocule
Innocule offers a comprehensive portfolio of products and services, including Grinex, Oreflo, FAM, Flumix, and Coalmix.
Improves ball mill output and reduces power requirements effectively.
Reduces raw material stickiness to minimize operational downtime.
Increases production by decreasing moisture in filtration cakes.
Reduces silica and alumina content in various mineral ores.
Improves coke strength and reduces fines during processing.
Manages dust to enhance safety and operational efficiency.
Funding Insights of Innocule
Innocule has successfully raised a total of $957.94K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $957.94 thousand completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $957,936
- Total Rounds 2
- Last Round Seed — $957,936
- Investors Count 3
All 2 funding rounds of Innocule with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $957,936 | Seed | $13.83M | Artha99 | – |
| Aug 2016 | Angel Round | – | Pawan Agarwal |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $13.83M | •••••••• |
Last known valuation $13.83M (May 2024). 3 investors in total: 1 institutional and 2 angel.
Investors in Innocule
Innocule has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Artha99, Pawan Agarwal and Surbhi Sarna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in manufacturing ventures in India. | 2021 | artha99.vc | Chennai, India | |
PA Pawan Agarwal | unknown_f1b7398317304b51b | |||
SS Surbhi Sarna | Founder of nVision Medical, healthcare innovator, active angel investor | unknown_e2629908c2cf46ac9 |
Investor details for Innocule
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Innocule Materials And Additives Private Limited (Innocule)
Innocule Materials And Additives Private Limited is the primary company behind Innocule. The board of Innocule Materials And Additives Private Limited currently have 3 directors; the longest-serving is Gyana Ranjan Das, appointed in 2014. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gyana Ranjan Das DIN 07003375 | Managing Director | 11 Nov 2014 | 11 yrs 11 mo | Innocule Materials And Additives Private Limited |
| Surbhi Sarna DIN 07003376 | Director | 11 Nov 2014 | 11 yrs 11 mo | Innocule Materials And Additives Private Limited |
| Gaurav Singh Chauhan DIN 09134922 | Director | 04 Jun 2021 | 5 yrs 5 mo | Innocule Materials And Additives Private Limited |
People of Innocule
1 people are tracked at Innocule (1 in leadership); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
Gyan Ranjan Das | Co-Founder | Leadership |
Complete people profiles for Innocule
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Innocule
Figures of Innocule Materials And Additives Private Limited, the primary company behind Innocule, for FY 2025. Revenue was ₹36.41 Cr (+27% year on year). Net profit was ₹1.32 Cr (4% margin). EBITDA was ₹3.10 Cr (9% margin). Revenue has grown at a compounded annual rate of +27% over three years and +24% over five years.
- ₹36.41 CrRevenue · FY 2025 · +27% YoY
- ₹1.32 CrNet profit · 4% margin
- ₹3.10 CrEBITDA · 9% margin
- ₹4.89 CrPaid-up capital
- 81Employees (provident fund records)
- +27%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innocule Materials And Additives Private Limited are on its company page.
Detailed financial statements for Innocule
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Innocule
4 dated milestones of Innocule across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Innocule is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $958K.
- Milestone Reaches Minicorn status.
Top companies in Core & Diversified Chemicals
3 companies that operate in the same segment as Innocule (Core & Diversified Chemicals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate | 1979 | Pune, Maharashtra, India | USD 1.21 B | 1,020 | ||
Specialty chemicals are manufactured through integrated R&D and production processes. | 2023 | Bengaluru, Karnataka, India | USD 72.97 M | USD 23.86 M | ||
Manufactures coal tar and basic industrial chemicals. | 1987 | Kolkata, West Bengal, India | USD 24 M | USD 496.46 M | 2,480 |
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Frequently Asked Questions about Innocule
Innocule was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Innocule is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Innocule is a funded company, having raised a total of $957.94K across 2 funding rounds to date.
Innocule has 81 employees.
The primary company behind Innocule, Innocule Materials And Additives Private Limited, reported revenue of ₹36.41 Cr for FY 2025, up 27% year on year.
Provider of chemical solutions for efficient mineral processing. It offers customized solutions addressing challenges in mineral operations, such as low-grade ores and processing difficulties. These solutions aim to maximize output and minimize costs by improving grinding efficiency, reducing downtime caused by material stickiness, enhancing filtration production, and reducing impurities in ores. The solutions are designed for integration into existing plants without significant modifications. Products include solutions for improving grinding, filtration, and reducing impurities in various minerals, as well as enhancing coal quality.
Innocule offers Grinex, Oreflo, FAM, Flumix, and 2 more products and services.
Innocule has 3 investors. Key investors include Artha99, Pawan Agarwal, and Surbhi Sarna.
The valuation of Innocule is $13.83M as of May 2024.
Innocule operates through Innocule Materials And Additives Private Limited.
The legal entities of Innocule currently have 3 directors, including Gyana Ranjan Das, Surbhi Sarna, Gaurav Singh Chauhan.