About Innovature
Innovature is a Technology company based in Kochi (India) founded in 2005. It provides custom software, AI, web, and mobile development services globally. It operates on a B2B and SaaS model. The company has 256 employees. Its website innovature.ai draws about 11 thousand monthly visits. Its Indian entity Innovature Software Labs Private Limited reported revenue of ₹24.69 Cr. Innovature offers products and services including Software Development, AI Services, Web Development, Mobile App Development, and Cloud Computing. Its focus areas include Software Development, IT Services, Custom Solutions and Deep Tech. Its competitors include Happiest Minds and Datamatics; 2 of its 2 listed competitors have raised funding.
Company details
Innovature is a custom software development company certified with ISO 27001, specializing in AI, machine learning, web, and mobile applications. They deliver intelligent solutions like cloud computing and blockchain to industries including retail, healthcare, and finance. Operating from locations in India, Japan, and other countries, they have completed over 1000 projects for more than 600 clients, focusing on digital transformation and emerging technologies.
- Headquarters Kochi, India
- Employees 256
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website innovature.ai
- Social LinkedIn X Facebook Instagram
- Legal Name Innovature Software Labs Private Limited
- Date of Incorporation 24 Oct, 2005
- Jurisdiction Eranakulam, Kerala, India
- Annual Revenue₹24.69 Cr
FY 2024 · +10% YoY
- Net Profit₹1.23 Cr
FY 2024 · 5% margin
- EBITDA₹2.78 Cr
FY 2024 · 11% margin
- Employee Count256
Associated legal entities of Innovature
Innovature operates through Innovature Software Labs 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 |
|---|---|---|---|---|---|---|---|
| Innovature Software Labs Private Limited CIN U72200KL2005PTC018749 | Active | 24 Oct 2005 | Eranakulam, Kerala | ₹24.7 Cr | 256 | 4 | View details |
Products & Services of Innovature
Innovature offers a comprehensive portfolio of products and services, including Software Development, AI Services, Web Development, Mobile App Development, and Cloud Computing.
Delivers custom software solutions for business needs.
Provides AI advisory and implementation for enterprises.
Creates modern web applications for various sectors.
Develops mobile apps using Swift and Kotlin frameworks.
Offers scalable cloud solutions for efficiency.
Board of directors of Innovature Software Labs Private Limited (Innovature)
Innovature Software Labs Private Limited is the primary company behind Innovature. The board of Innovature Software Labs Private Limited currently have 4 directors; the longest-serving is Devarajan Mulackakudy Sivaraman, appointed in 2005. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devarajan Mulackakudy Sivaraman DIN 00399892 | Director | 24 Oct 2005 | 21 yrs | Innovature Software Labs Private Limited |
| Tiby Kuruvila DIN 02507375 | Director | 21 Dec 2009 | 16 yrs 10 mo | Innovature Software Labs Private Limited |
| Gijo Mulackakudy Sivan DIN 02615368 | Director | 21 Dec 2009 | 16 yrs 10 mo | Innovature Software Labs Private Limited |
| Ravindranath Ange Veetil DIN 00329463 | Director | 21 Dec 2009 | 16 yrs 10 mo | Innovature Software Labs Private Limited |
People of Innovature
11 people are tracked at Innovature (6 in leadership, 5 in team); the tracked headcount is 256.
| Name | Role | Group |
|---|---|---|
Yoshi Nakayama | Vice President, Business Development | Leadership |
Unnikrishnan S | Vice President | Leadership |
Ravindranath Ange Veetil (Ravi) | CEO Americas | Leadership |
Meghna George | Head of Human Resources | Leadership |
Unni Sarath | Vice President | Leadership |
Joji John | Head Of Partnership & Channel Strategy | Leadership |
Gouthami Subhash | HR Associate | Team |
Aiswaria P.M | Talent Acquisition Specialist | Team |
Sooraj S Nair | People Operarions Executive | Team |
Anoosh Kumar | Ciso/ Manager - Facilities & Administration | Team |
Annie Tansu Varghese | Finance Executive | Team |
Complete people profiles for Innovature
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of Innovature
Figures of Innovature Software Labs Private Limited, the primary company behind Innovature, for FY 2024. Revenue was ₹24.69 Cr (+10% year on year). Net profit was ₹1.23 Cr (5% margin). EBITDA was ₹2.78 Cr (11% margin). Revenue has grown at a compounded annual rate of +50% over three years and +31% over five years.
- ₹24.69 CrRevenue · FY 2024 · +10% YoY
- ₹1.23 CrNet profit · 5% margin
- ₹2.78 CrEBITDA · 11% margin
- ₹20 LakhPaid-up capital
- 256Employees (provident fund records)
- +50%Revenue CAGR, 3 years
- +31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innovature Software Labs Private Limited are on its company page.
Detailed financial statements for Innovature
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.
Competitors of Innovature
Innovature has 2 listed competitors in our database, 2 of them funded. They include Happiest Minds and Datamatics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. |
Detailed competitors of Innovature
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Innovature
The website of Innovature (innovature.ai) receives about 10.9K visits a month.
- Monthly visits10.9K
▲ 224.3% vs previous month
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Frequently Asked Questions about Innovature
Innovature was founded in 2005.
Innovature is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Innovature has 256 employees.
The primary company behind Innovature, Innovature Software Labs Private Limited, reported revenue of ₹24.69 Cr for FY 2024, up 10% year on year.
Innovature is a custom software development company certified with ISO 27001, specializing in AI, machine learning, web, and mobile applications. They deliver intelligent solutions like cloud computing and blockchain to industries including retail, healthcare, and finance. Operating from locations in India, Japan, and other countries, they have completed over 1000 projects for more than 600 clients, focusing on digital transformation and emerging technologies.
Innovature's top competitors include Happiest Minds and Datamatics.
Innovature offers Software Development, AI Services, Web Development, Mobile App Development, and Cloud Computing.
Innovature operates through Innovature Software Labs Private Limited.
The legal entities of Innovature currently have 4 directors, including Tiby Kuruvila, Gijo Mulackakudy Sivan, Devarajan Mulackakudy Sivaraman and others.