About Grenove Services Private Limited
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Grenove Services Private Limited is a private limited company based in Pune, Maharashtra, India, recognised as a startup by DPIIT. It operates in the home care and cleaning products segment of the FMCG sector. It was incorporated on 11 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24233PN2016PTC158748. Its GSTIN is 27AAGCG3157R1ZZ (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.09 Cr. It is led by directors including Madhuri Girish Avhad and Girish Navnath Avhad.
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 Plot No.524 Dattasudha Sindh Housing Society Baner Road Aundh, Pune, Maharashtra, India – 411007.
As per the financials filed for FY 2024, the company reported a revenue of ₹94.23 Lakh, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹73.29 Lakh (net margin -77.8%) and EBITDA of -₹62.9 Lakh (EBITDA margin -66.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 19% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Grenove Services. As per MCA filings, the company has open charges of ₹1 Cr and satisfied charges of ₹3 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in June 2016. Its 10 peer companies in the FMCG industry (Home Care Products) are compared by revenue, 5 larger and 5 smaller; the largest is Incense Collective Private Limited with revenue of ₹98.2 Lakh. The company has 2 MSME Form 1 returns on record between 2020 and 2023, listing 5 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grenove.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressPlot No.524 Dattasudha Sindh Housing Society Baner Road Aundh, Pune, Maharashtra, India – 411007
- IndustryFMCG, Home Care & Cleaning Products
- 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
- One PDF report, delivered after checkout
Business Activity of Grenove Services Private Limited
The main business activity of Grenove Services is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Grenove Services Private Limited FY 2025 filings available
Grenove Services Private Limited reported revenue of ₹94.23 Lakh (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Grenove Services Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 18% fall in the latest year. EBITDA fell 103% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Grenove Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹62.9 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹73.29 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Grenove Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -66.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -77.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Grenove Services are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Grenove Services Private Limited
Grenove Services Private Limited is compared with the companies closest to it by revenue in the FMCG industry (Home Care Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Incense Collective Private Limited | ₹98.2 Lakh (FY 2024) | •••• | •••• | •••• | Palghar, Maharashtra, India | |
| Muktha Laboratories Private Limited | ₹97.42 Lakh (FY 2025) | •••• | •••• | -67.0% | •••• | Chennai, Tamil Nadu, India |
| Tesnee Products Limited | ₹97.01 Lakh (FY 2020) | •••• | •••• | -47.0% | •••• | Bengaluru, Karnataka, India |
| U-Diva Retail Private Limited | ₹96.67 Lakh (FY 2024) | •••• | •••• | 21.0% | •••• | Gurgaon, Haryana, India |
| Humsafar Consumer Care Private Limited | ₹94.58 Lakh (FY 2019) | •••• | •••• | -4.0% | •••• | Lucknow, Uttar Pradesh, India |
| Grenove Services Private Limited this company | ₹94.23 Lakh (FY 2024) | •••• | •••• | -18.0% | •••• | Pune, Maharashtra, India |
| SLR Propmart Limited | ₹93.54 Lakh (FY 2024) | •••• | •••• | -37.0% | •••• | Delhi, India |
| Rsic Products Private Limited | ₹93.51 Lakh (FY 2024) | •••• | •••• | 150.0% | •••• | New Delhi, Delhi, India |
| Rad Brands Private Limited | ₹93.31 Lakh (FY 2024) | •••• | •••• | 19.0% | •••• | Faridabad, Haryana, India |
| Sugan Whisks Private Limited | ₹93.08 Lakh (FY 2024) | •••• | •••• | -10.0% | •••• | Jhotwara, Rajasthan, India |
| Vitasta Health Private Limited | ₹91.21 Lakh (FY 2025) | •••• | •••• | 219.0% | •••• | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Grenove Services by revenue in the FMCG industry (Home Care Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Grenove Services Private Limited
Grenove Services Private Limited is audited by BAHETI & SOMANI LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BAHETI & SOMANI LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Grenove Services Private Limited
Grenove Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhuri Girish Avhad Also directs: Seyash Fincon Private Limited | Director | 11 Mar 2016 | 10 Years 6 Months | Current |
| Girish Navnath Avhad Also directs: Seyash Fincon Private Limited | Director | 11 Mar 2016 | 10 Years 6 Months | Current |
| Rishiraj Manohar Bhagwat | Director | 03 Jan 2024 | 2 Years 9 Months | Current |
| Anand Paranjape | Director | 03 Jan 2024 | 2 Years 9 Months | Current |
Ownership and Shareholding of Grenove Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Grenove Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Aug 2020 | State Bank of India | ₹1 Cr | Open |
| 25 Nov 2016 | Others | ₹3 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Grenove Services Private Limited
Grenove Services Private Limited has 1 deal on record (1 rights issue); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Rights issue | ₹1.21 Cr | Investors: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Grenove Services Private Limited
Grenove Services Private Limited has 2 MSME Form 1 returns on record between 2020 and 2023, listing 5 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Baheti & Somani LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Grenove Services Private Limited
Grenove Services operates one associated brand: Grenove Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers natural, organic cleaning solutions for kitchens, healthcare, and industrial sectors. | grenove.com |
Employees and EPFO Compliance at Grenove Services Private Limited
Grenove Services Private Limited has a workforce of 9 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Grenove Services Private Limited
Grenove Services Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Anand Paranjape ceased to be Additional Director on 29 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Grenove Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Grenove Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Grenove Services Private Limited
Grenove Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG3157R1ZZ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Grenove Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Grenove Services Private Limited
Grenove Services is an active private limited company based in Pune, Maharashtra, India. The company works in home care and cleaning products, within the FMCG industry. It was incorporated on 11 March 2016 (10+ years old) and is registered under CIN U24233PN2016PTC158748.
Grenove Services reported revenue of ₹94.23 Lakh for FY 2024 (down 18% YoY).
Grenove Services has 4 current directors:
- Madhuri Girish Avhad - Director
- Girish Navnath Avhad - Director
- Rishiraj Manohar Bhagwat - Director
- Anand Paranjape - Director
Grenove Services reported a net loss of ₹73.29 Lakh (net margin -77.8%) and EBITDA of -₹62.9 Lakh (EBITDA margin -66.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Grenove Services is 7% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Grenove Services is 27AAGCG3157R1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Grenove Services is U24233PN2016PTC158748. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grenove Services was incorporated on 11 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Grenove Services has 1 deal on record (1 rights issue); the latest was in June 2016.
The peers of Grenove Services by revenue are Incense Collective Private Limited, Muktha Laboratories Private Limited, Tesnee Products Limited, U-Diva Retail Private Limited, Humsafar Consumer Care Private Limited and 5 more, all in the FMCG industry (Home Care Products).
Anand Paranjape ceased to be Additional Director on 29 Sep 2024. Rishiraj Manohar Bhagwat ceased to be Additional Director on 29 Sep 2024. Anand Paranjape was appointed as Director on 03 Jan 2024. Grenove Services has 6 board changes on record in total.
Yes, Grenove Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).