About Innovace
Innovace is a Technology company founded in 2016. Software solutions for process industry device management and integration. Its Indian entity Innovace Global Technologies Private Limited reported revenue of ₹2.26 Cr. Innovace offers products and services including EDD Development and FDI Development. Its focus areas include Industrial Technology, Software Development, Embedded Systems and Integration Services.
Company details
Innovace is recognized for delivering software solutions in areas like EDDL, FDI, and DTM to assist field device manufacturers. These solutions are utilized to enable safe operation and interoperability of intelligent devices in the process industry, covering aspects such as configuration, diagnostics, and calibration. Support is provided for the full device lifecycle, from planning to registration, with industry knowledge applied to ensure quality and timely market entry. Overall, contributions are made to help companies adapt to technological changes.
- SectorsTechnology
- Email••••••••
- Legal Name Innovace Global Technologies Pvt. Ltd
- Date of Incorporation 05 May, 2016
- Jurisdiction Pune, Maharashtra, India
- Indian entity revenue₹2.26 Cr
FY 2024 · +73% YoY
- Indian entity net profit₹84.3 Lakh
FY 2024 · 37% margin
- Indian entity EBITDA₹88.5 Lakh
FY 2024 · 39% margin
Associated legal entities of Innovace
Innovace operates through Innovace Global Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovace Global Technologies Private Limited CIN U74999PN2016PTC164341 | Active | 05 May 2016 | Pune, Maharashtra | ₹2.3 Cr | 5 | View details |
Products & Services of Innovace
Innovace offers a comprehensive portfolio of products and services, including EDD Development and FDI Development.
EDD Development is used to create descriptions for devices in a text-like language for compilation into network-specific files.
FDI Development is applied to standardize field device integration into host systems for multiprotocol compatibility.
Board of directors of Innovace Global Technologies Private Limited (Innovace)
Innovace Global Technologies Private Limited is the primary company behind Innovace. The board of Innovace Global Technologies Private Limited currently have 5 directors; the longest-serving is Ashokkumar Jagjivandas Pobaru, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashokkumar Jagjivandas Pobaru DIN 07498945 | Director | 05 May 2016 | 10 yrs 5 mo | Innovace Global Technologies Private Limited |
| Hetal Pobaru Ashokkumar DIN 07498880 | Director | 05 May 2016 | 10 yrs 5 mo | Innovace Global Technologies Private Limited |
| Arpita Pobaru Hetal DIN 07732701 | Director | 15 Feb 2017 | 9 yrs 8 mo | Innovace Global Technologies Private Limited |
| Dilipkumar Jagjivandas Pobaru DIN 07732724 | Director | 15 Feb 2017 | 9 yrs 8 mo | Innovace Global Technologies Private Limited |
| Chandaben Pobaru Ashokkumar DIN 07732726 | Director | 15 Feb 2017 | 9 yrs 8 mo | Innovace Global Technologies Private Limited |
Financials of Innovace
Figures of Innovace Global Technologies Private Limited, the primary company behind Innovace, for FY 2024. Revenue was ₹2.26 Cr (+73% year on year). Net profit was ₹84.3 Lakh (37% margin). EBITDA was ₹88.5 Lakh (39% margin). Revenue has grown at a compounded annual rate of +50% over three years and +40% over five years.
- ₹2.26 CrRevenue · FY 2024 · +73% YoY
- ₹84.3 LakhNet profit · 37% margin
- ₹88.5 LakhEBITDA · 39% margin
- ₹1 LakhPaid-up capital
- +50%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovace Global Technologies Private Limited are on its company page.
Detailed financial statements for Innovace
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Frequently Asked Questions about Innovace
Innovace was founded in 2016.
The primary company behind Innovace, Innovace Global Technologies Private Limited, reported revenue of ₹2.26 Cr for FY 2024, up 73% year on year.
Innovace is recognized for delivering software solutions in areas like EDDL, FDI, and DTM to assist field device manufacturers. These solutions are utilized to enable safe operation and interoperability of intelligent devices in the process industry, covering aspects such as configuration, diagnostics, and calibration. Support is provided for the full device lifecycle, from planning to registration, with industry knowledge applied to ensure quality and timely market entry. Overall, contributions are made to help companies adapt to technological changes.
Innovace offers EDD Development and FDI Development.
Innovace operates through Innovace Global Technologies Private Limited.
The legal entities of Innovace currently have 5 directors, including Ashokkumar Jagjivandas Pobaru, Arpita Pobaru Hetal, Dilipkumar Jagjivandas Pobaru and others.