About Elite Innovations Private Limited
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Elite Innovations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 30 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2015PTC085524.
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.38 Cr. It is led by directors including Thandassery Raghavan Raghulal (Managing Director) and Sariga Karathan Madhavan Raghulal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 806 8th Floor Privilion B/H. Iscon Temple Ambli – Bopal Road S.G. Highway, Ahmedabad, Gujarat, India – 380054.
Court records list 45 cases involving the company, including 45 filed against it; 14 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.36 Cr; the latest was in March 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eliteindia.com.
Company details
Contact details
Elite Innovations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is eliteindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 806 8th Floor Privilion B/H. Iscon Temple Ambli – Bopal Road S.G. Highway, Ahmedabad, Gujarat, India – 380054
- IndustryFinancial Services, Microfinance Institutions
To see the full contact details of Elite Innovations Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Elite Innovations Private Limited
FY 2025 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Elite Innovations Private Limited, buy the company report.
Board of directors of Elite Innovations Private Limited
Elite Innovations has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sariga Karathan Madhavan Raghulal Also directs: Elite Retail Ventures India LLP, Elite Specialities Private Limited, Elite Natural Private Limited and 5 more | Director | 30 Dec 2015 | 10 Years 10 Months | Current |
| Danesa Thandassery Raghulal | Director | 06 Mar 2018 | 8 Years 7 Months | Current |
| Thandassery Raghavan Raghulal | Managing Director | 30 Dec 2015 | 10 Years 10 Months | Current |
Auditor
Elite Innovations Private Limited is audited by MOHANDAS & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHANDAS & ASSOCIATES | FY 2019 | 002116S |
Shareholding
The shareholding of Elite Innovations Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Elite Innovations Private Limited, buy the company report.
Deals & funding
Elite Innovations Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.36 Cr; the latest was in March 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Funding round | ₹38.2 Lakh | Investors: Elite Tasty Toast Private Limited , an individual |
| Mar 2016 | Funding round | ₹98 Lakh | Investors: Elite Foods Pvt Limited , Yamuna Roller Flour Mills Private Limited , Elite Tasty Toast Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Elite Innovations Private Limited has 45 court cases on record: 45 filed against it. 14 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 27 | 27 | 14 |
| NCLT | 15 | 15 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Elite Foods Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Elite Tasty Toast Pvt Ltd | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Yamuna Roller Flour Mills Pvt. Ltd | Pending |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by Elite Tasty Toast Pvt Ltd | Disposed |
| NCLAT, NCLAT Chennai | Company appeal | Filed against the company by Yamuna Roller Flour Mills Pvt. Ltd | Disposed |
To see the full case history of Elite Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elite Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Elite Innovations Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Elite Innovations Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Danesa Thandassery Raghulal ceased to be Additional Director on 25 Sep 2018.
Frequently asked questions
Elite Innovations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 30 December 2015 (11+ years old) and is registered under CIN U74900GJ2015PTC085524.
Elite Innovations has 3 current directors:
- Thandassery Raghavan Raghulal - Managing Director
- Sariga Karathan Madhavan Raghulal - Director
- Danesa Thandassery Raghulal - Director
The latest financial statements of Elite Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Elite Innovations is U74900GJ2015PTC085524. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elite Innovations has 45 court cases on record: 45 filed against it. 14 are pending. Most are in the nclat.
Elite Innovations was incorporated on 30 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Elite Innovations has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.36 Cr; the latest was in March 2017.
Danesa Thandassery Raghulal ceased to be Additional Director on 25 Sep 2018. Danesa Thandassery Raghulal was appointed as Director on 06 Mar 2018. Sariga Karathan Madhavan Raghulal was appointed as Director on 30 Dec 2015. Elite Innovations has 4 board changes on record in total.
Elite Innovations can be reached through the website eliteindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Elite Innovations is at A – 806 8th Floor Privilion BH. Iscon Temple Ambli – Bopal Road S.G. Highway, Ahmedabad, Gujarat, India – 380054.
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