Elite Innovations Private Limited - Company Profile

It is a financial services private limited company based in Ahmedabad, Gujarat, India, established in 2015.

2015 Ahmedabad, Gujarat, India Active

Last Updated: February 18, 2026

About Elite Innovations Private Limited

Elite Innovations Private Limited, a active private limited company, was established on 30 December 2015 in Ahmedabad, Gujarat, India. Engaging in microfinance institutions within the financial services sector, it holds CIN: U74900GJ2015PTC085524. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1.60 Cr and a paid-up capital of ₹1.38 Cr.

It upholds a compliant status. Its leadership includes Sariga Karathan Madhavan Raghulal (Director), Danesa Thandassery Raghulal (Director), Thandassery Raghavan Raghulal (Managing Director). Past directors included Danesa Thandassery Raghulal. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at A-806, 8Th Floor, Privilion, B/H. Iscon Temple Ambli-Bopal Road, S.G. Highway, Ahmedabad, Gujarat, 380054.

Company Details

CIN/LLPIN
U74900GJ2015PTC085524
Registration Number
085524
Incorporation Date
30 December 2015
Authorized Capital
₹1.60 Cr
Paid-Up Capital
₹1.38 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1.60 Cr as on 18-02-2026
Paid Up Capital ₹ 1.38 Cr as on 18-02-2026
Company Age 10 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Revenue Growth **** % (FY 2020)
Ebitda ****
Net Worth ****
Total Assets **** 0.57% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Elite Innovations Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Elite Innovations Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sariga Karathan Madhavan Raghulal	Director	30 Dec 2015	Current
Danesa Thandassery Raghulal	Director	06 Mar 2018	Current
Thandassery Raghavan Raghulal	Managing Director	30 Dec 2015	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	25 Sep 2018	Past

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Financial Performance of Elite Innovations.

Elite Innovations Private Limited, for the financial year ended 2020, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth witnessed no change by increase of 0%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

*******

Revenue from Operations

*******

Total Assets

*******

0.57%

*******

Profit or Loss

*******

Net Worth

*******

EBITDA

*******

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What is the Ownership and Shareholding Structure of Elite Innovations?

In 2019, Elite Innovations had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Elite Innovations?

Unlock and access historical data on people associated with Elite Innovations, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Elite Innovations, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Elite Innovations's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Elite Innovations

Recent Activity within the Organization

Annual General Meeting

The activity Elite Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.
30 Sep 2025
Balance Sheet

The activity Elite Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Director Appointment

The activity Danesa Thandassery Raghulal was appointed as a Director was appointed as a Director on 06 Mar 2018 & has been associated with this company since 7 years 11 months . was completed.
06 Mar 2018
Director Appointment

Progress on Sariga Karathan Madhavan Raghulal was appointed as a Director was appointed as a Director on 30 Dec 2015 & has been associated with this company since 10 years 2 months . was documented.
30 Dec 2015
Director Appointment

Thandassery Raghavan Raghulal was appointed as a Managing Director was appointed as a Managing Director on 30 Dec 2015 & has been associated with this company since 10 years 2 months . was recorded as a recent event.
30 Dec 2015
Company Incorporation

Elite Innovations Private Limited was registered on 30 Dec 2015 with Roc Ahmedabad & aged 10 years 2 months as per MCA records. was recorded as a recent event.
30 Dec 2015

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