About Inovact
Inovact is a Technology company based in Mysore (India) founded in 2021 by Sarang Pani. Social network connecting students and entrepreneurs for collaboration and projects. It operates on a B2C and D2C model in Technology and Education sectors. The company has 1 employees. Its chief executive, as recorded, is Sarang Pani. Its Indian entity Inovact Private Limited reported revenue of ₹3.7 Lakh. Inovact offers products and services including Inovact Social and Discovery Hub. Its focus areas include Consumer, Social Tech, Networking and Professional Collaboration. Its competitors include GrowthX, Vconnekt and UnoCareer; 1 of its 3 listed competitors has raised funding.
Company details
Inovact Private Limited operates a social network platform in Mysore, India, for students and entrepreneurs. It uses proof of work to facilitate connections, allowing users to find teams, join projects, build credibility, and earn rewards through interactions. The app enables efficient collaboration and idea development, targeting early-stage innovators.
- Headquarters Mysore, India
- Employees 1
- Founders Sarang Pani
- SectorsTechnologyEducation
- Email••••••••
- Website inovact.in
- Social LinkedIn Instagram
- Legal Name Inovact Private Limited
- Date of Incorporation 23 Jul, 2021
- Jurisdiction Mysore, Karnataka, India
- Annual Revenue₹3.7 Lakh
FY 2025 · +15% YoY
- Net Profit₹96,654
FY 2025 · 26% margin
- EBITDA₹1.2 Lakh
FY 2025 · 33% margin
- Employee Count1
Associated legal entities of Inovact
Inovact operates through Inovact 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 |
|---|---|---|---|---|---|---|---|
| Inovact Private Limited CIN U72900KA2021PTC149916 | Active | 23 Jul 2021 | Mysore, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Inovact
Inovact offers a comprehensive portfolio of products and services, including Inovact Social and Discovery Hub.
App for connecting students and entrepreneurs to collaborate on projects.
Feature for exploring and upskilling through user projects and ideas.
Apps and channels of Inovact
Inovact publishes 2 mobile apps with over 5K+ downloads.
Board of directors of Inovact Private Limited (Inovact)
Inovact Private Limited is the primary company behind Inovact. The board of Inovact Private Limited currently have 2 directors; the longest-serving is Tirumale Shyamasundar Sarang, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tirumale Shyamasundar Sarang DIN 09252931 | Director | 23 Jul 2021 | 5 yrs 3 mo | Inovact Private Limited |
| Tirumale Venkataraman Shyamasundar DIN 09630815 | Director | 07 Jun 2022 | 4 yrs 4 mo | Inovact Private Limited |
People of Inovact
1 people are tracked at Inovact (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Sarang Pani | CEO, ex-Co-Founder | Leadership |
Complete people profiles for Inovact
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 Inovact
Figures of Inovact Private Limited, the primary company behind Inovact, for FY 2025. Revenue was ₹3.7 Lakh (+15% year on year). Net profit was ₹96,654 (26% margin). EBITDA was ₹1.2 Lakh (33% margin). Revenue has grown at a compounded annual rate of +217% over three years.
- ₹3.7 LakhRevenue · FY 2025 · +15% YoY
- ₹96,654Net profit · 26% margin
- ₹1.2 LakhEBITDA · 33% margin
- ₹15,000Paid-up capital
- +217%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Inovact Private Limited are on its company page.
Detailed financial statements for Inovact
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 Inovact
Inovact has 3 listed competitors in our database, 1 of them funded. They include GrowthX, Vconnekt and UnoCareer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| growthx.club | 2019 | Bengaluru, India | $1.5M | 35 | Learning networks and recruitment services for growth leaders are provided. | |
| vconnekt.com | 2016 | Faridabad, India | An online networking platform for professionals and businesses. | |||
| unocareer.com | 2016 | Hyderabad, India | Serves as an online career portal connecting students, colleges, and companies. |
Detailed competitors of Inovact
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Inovact
Inovact was founded in 2021.
Inovact is headquartered in Mysore, India. It is registered at Mysore, Karnataka, India.
Sarang Pani is the CEO of Inovact, as recorded in our data. They have also founded this company.
Inovact has 1 employees.
The primary company behind Inovact, Inovact Private Limited, reported revenue of ₹3.7 Lakh for FY 2025, up 15% year on year.
Inovact Private Limited operates a social network platform in Mysore, India, for students and entrepreneurs. It uses proof of work to facilitate connections, allowing users to find teams, join projects, build credibility, and earn rewards through interactions. The app enables efficient collaboration and idea development, targeting early-stage innovators.
Inovact offers Inovact Social and Discovery Hub.
Inovact operates through Inovact Private Limited.
The legal entities of Inovact currently have 2 directors, including Tirumale Venkataraman Shyamasundar, Tirumale Shyamasundar Sarang.
Yes. Inovact publishes Inovact Social and 1 more app, with over 5,000 downloads.