About Innova Rubbers
Innova Rubbers is an Industrial Goods & Manufacturing company based in Nashik (India) founded in 1968 by M P Bakshi. It manufactures and supplies rubber moulded parts to tier-1 clients. It operates on a B2B model. The company has 329 employees. Its Indian entity Innova Rubbers Private Limited reported revenue of ₹452 Cr. Its focus areas include Manufacturing, Industrial Goods, Rubber Products and Moulded Parts Supply. Its competitors include GRP, Fores Group and Sankar Elastomers.
Company details
Innova Rubbers, founded in 1968 in Nashik, India, focuses on producing manufactured goods, industrial goods, rubber products, and moulded parts supply. Manufactures and supplies rubber moulded parts to tier-1 clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Nashik, India
- Employees 329
- Founders M P Bakshi
- SectorsIndustrial Goods & Manufacturing
- Website innovarubbers.com
- Legal Name Innova Rubbers Private Limited
- Date of Incorporation 20 Jan, 2000
- Jurisdiction Nashik, Maharashtra, India
- Annual Revenue₹452 Cr
FY 2025 · +20% YoY
- Net Profit₹40.87 Cr
FY 2025 · 9% margin
- EBITDA₹74.90 Cr
FY 2025 · 17% margin
- Latest Funding Round$40.8M (USD), Debt – Conventional
Oct 2025
- Investors
- Employee Count329
Associated legal entities of Innova Rubbers
Innova Rubbers operates through Innova Rubbers 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 |
|---|---|---|---|---|---|---|---|
| Innova Rubbers Private Limited CIN U25110MH2000PTC123743 | Active | 20 Jan 2000 | Nashik, Maharashtra | ₹452 Cr | 329 | 4 | View details |
Funding Insights of Innova Rubbers
- Total Rounds 1
- Last Round Debt – Conventional — $40.8M
- First Round $40.8M
(Oct 2025)
- Investors Count 1
All 1 funding rounds of Innova Rubbers 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 |
|---|---|---|---|---|---|
| Oct 2025 | $40.8M | Debt – Conventional | – | True North | – |
1 investors in total: 1 institutional.
Investors in Innova Rubbers
Innova Rubbers has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include True North.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is invested by True North in mid-market companies. | truenorth.co.in | Mumbai, India |
Investor details for Innova Rubbers
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Board of directors of Innova Rubbers Private Limited (Innova Rubbers)
Innova Rubbers Private Limited is the primary company behind Innova Rubbers. The board of Innova Rubbers Private Limited currently have 4 directors; the longest-serving is Hemant Madhav Bakshi, appointed in 2000. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hemant Madhav Bakshi DIN 00361834 | Director | 20 Jan 2000 | 26 yrs 9 mo | Innova Rubbers Private Limited |
| Sachin Shreeram Ambardekar DIN 00488506 | Managing Director | 20 Jan 2000 | 26 yrs 9 mo | Innova Rubbers Private Limited |
| Sameer Shreeram Ambardekar DIN 00559237 | Director | 10 Mar 2025 | 1 yr 8 mo | Innova Rubbers Private Limited |
| Kapil Singhal DIN 11025318 | Nominee Director | 31 Mar 2025 | 1 yr 7 mo | Innova Rubbers Private Limited |
People of Innova Rubbers
1 people are tracked at Innova Rubbers (1 in leadership); the tracked headcount is 329.
| Name | Role | Group |
|---|---|---|
M P Bakshi | ex-Founder | Leadership |
Complete people profiles for Innova Rubbers
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Financials of Innova Rubbers
Figures of Innova Rubbers Private Limited, the primary company behind Innova Rubbers, for FY 2025. Revenue was ₹452 Cr (+20% year on year). Net profit was ₹40.87 Cr (9% margin). EBITDA was ₹74.90 Cr (17% margin). Revenue has grown at a compounded annual rate of +24% over three years and +18% over five years.
- ₹452 CrRevenue · FY 2025 · +20% YoY
- ₹40.87 CrNet profit · 9% margin
- ₹74.90 CrEBITDA · 17% margin
- ₹3.96 CrPaid-up capital
- 329Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innova Rubbers Private Limited are on its company page.
Detailed financial statements for Innova Rubbers
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Timeline of Innova Rubbers
2 dated milestones of Innova Rubbers across 57 years, from founding to its latest funding, stage changes and deals.
- Founded Innova Rubbers is founded.
- Funding First funding round of $40.8M.
Competitors of Innova Rubbers
Innova Rubbers has 3 listed competitors in our database. They include GRP, Fores Group and Sankar Elastomers.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| grpweb.com | 1974 | Mumbai, India | 27 | Automotive rubber products are manufactured and supplied globally. | ||
| foreselastomech.com | 2007 | Aurangabad, India | 186 | Manufactures technical rubber components for automotive and other industries globally. | ||
| elastomersindia.com | 1990 | Chennai, India | 29 | Manufactures and supplies rubber products to OEMs with reliable quality. |
Detailed competitors of Innova Rubbers
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Web traffic of Innova Rubbers
The website of Innova Rubbers (innovarubbers.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 5723.1% vs previous month
Top companies in Engineering & R&D Services
3 companies that operate in the same segment as Innova Rubbers (Engineering & R&D Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital engineering and technology services | 1991 | Hyderabad, Telangana, India | USD 793.55 M | 11,884 | ||
Engineering consulting services in BIM and design fields are provided. | 1993 | Pune, Maharashtra, India | USD 16 M | USD 36.53 M | 1,429 | |
Provider of product engineering, process automation, IT advisory, software development, and other services | 1996 | Ahmedabad, Gujarat, India | USD 102.8 M | 3,906 |
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Related news about Innova Rubbers
Complete news archive for Innova Rubbers
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Frequently Asked Questions about Innova Rubbers
Innova Rubbers was founded in 1968 and raised its 1st funding round 57 years after it was founded.
Innova Rubbers is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Innova Rubbers has 329 employees.
The primary company behind Innova Rubbers, Innova Rubbers Private Limited, reported revenue of ₹452 Cr for FY 2025, up 20% year on year.
Innova Rubbers, founded in 1968 in Nashik, India, focuses on producing manufactured goods, industrial goods, rubber products, and moulded parts supply. Manufactures and supplies rubber moulded parts to tier-1 clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Innova Rubbers's top competitors include GRP, Fores Group and Sankar Elastomers.
Innova Rubbers has 1 investor. Key investors include True North.
Innova Rubbers operates through Innova Rubbers Private Limited.
The legal entities of Innova Rubbers currently have 4 directors, including Hemant Madhav Bakshi, Sachin Shreeram Ambardekar, Sameer Shreeram Ambardekar and others.