MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0161530
Indovance Private Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹43.91 Cr
▲ 13% YoY
Net profit · FY 2025
₹4.63 Cr
Net margin 10.6%
EBITDA · FY 2025
₹7.64 Cr
EBITDA margin 17.4%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
447
Provident fund records
Directors on board
4
As per MCA filings
About Indovance Private Limited
Data last updated:
Indovance Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Indovance Inc. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 26 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2021PTC199873. Its GSTIN is 27AAGCI0867G1ZH (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sheetal Shrikrishna Kanitkar and Shrikrishna Vishnu Kanitkar.
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 Fl B/22 Sn 120A B Subpl 35Fp 545 Shravan Sinhagad Rd Parvati, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.91 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹4.63 Cr (net margin 10.6%) and EBITDA of ₹7.64 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years.
The company has about 447 employees on its provident fund (EPFO) records.
Indovance Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0161530). For more details, the company can be reached via its website indovance.com.
Company details
CIN U74999PN2021PTC199873
Registration Number 199873
Incorporation Date 26 March 2021
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Indovance Inc
MSME Classification Small
Udyam Registration UDYAM-MH-26-0161530
Key People
Sheetal Shrikrishna Kanitkar Director Shrikrishna Vishnu Kanitkar Director Prajakta Sandesh Joshi Director Recognitions & Rankings of Indovance
Contact details
Indovance Private Limited's registered office is in Pune, Maharashtra. Its website is indovance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFl B/22 Sn 120A B Subpl 35Fp 545 Shravan Sinhagad Rd Parvati, Pune, Maharashtra, India – 411030
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Indovance Private Limited, buy the company report.
Comprehensive company report
Indovance Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Indovance is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Indovance Private Limited, buy the company report.
Financials of Indovance Private Limited
FY 2025 filings availableIndovance Private Limited reported revenue of ₹43.91 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹43.91 Cr ▲ 13%
Net profit · FY 2025
₹4.63 Cr margin 10.6%
EBITDA · FY 2025
₹7.64 Cr margin 17.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 56%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 55%
Revenue has grown at a compounded annual rate (CAGR) of 56% over three years, including 13% growth in the latest year. EBITDA fell 4% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹7.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.63 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | ||||
| Net Profit Margin | 10.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Indovance Private Limited, buy the company report.
Board of directors of Indovance Private Limited
Indovance has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sheetal Shrikrishna Kanitkar Also directs: Prishaar Realty LLP | Director | 26 Mar 2021 | 5 Years 7 Months | Current |
| Shrikrishna Vishnu Kanitkar Also directs: Prishaar Realty LLP | Director | 26 Mar 2021 | 5 Years 7 Months | Current |
| Prajakta Sandesh Joshi Also directs: Prishaar Realty LLP | Director | 26 May 2021 | 5 Years 5 Months | Current |
| Sandesh Surendra Joshi Also directs: Prishaar Realty LLP | Director | 26 May 2021 | 5 Years 5 Months | Current |
Auditor
Indovance Private Limited is audited by CHOUGHALE RANADE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHOUGHALE RANADE & ASSOCIATES | FY 2023 | 127952W |
Shareholding
The shareholding of Indovance Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indovance Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Indovance Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Indovance Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Agsuite Technologies Private Limited |
To see the full MSME payment records of Indovance Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indovance Private Limited has a workforce of 447 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
447
Active EPFO establishments
1
Employee growth
19.52%
GST
Indovance has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCI0867G1ZH | Maharashtra | Active | 12 Aug 2021 |
To see the full GST registrations and return filing status of Indovance Private Limited, buy the company report.
Recent activity
Indovance Private Limited has 8 board changes on record since 2021: 5 appointments and 3 cessations. The latest: Aditi Nishant Gadkari ceased to be Additional Director on 21 Dec 2022.
AGM
Indovance Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Indovance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Aditi Nishant Gadkari ceased to be Additional Director.
Ceased
Prajakta Sandesh Joshi ceased to be Additional Director.
Ceased
Sandesh Surendra Joshi ceased to be Additional Director.
Appointed
Aditi Nishant Gadkari was appointed as Director.
Appointed
Prajakta Sandesh Joshi was appointed as Director.
Appointed
Sandesh Surendra Joshi was appointed as Director.
Appointed
Sheetal Shrikrishna Kanitkar was appointed as Director.
Appointed
Shrikrishna Vishnu Kanitkar was appointed as Director.
Incorporation
26 Mar 2021
Indovance Private Limited was registered on 26 Mar 2021 with Roc Pune & aged 5 years 7 months as per MCA records.
Frequently asked questions
Indovance is an active private limited company based in Pune, Maharashtra, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 26 March 2021 (5+ years old) and is registered under CIN U74999PN2021PTC199873.
Indovance has 4 current directors:
- Sheetal Shrikrishna Kanitkar - Director
- Shrikrishna Vishnu Kanitkar - Director
- Prajakta Sandesh Joshi - Director
- Sandesh Surendra Joshi - Director
The latest financial statements of Indovance 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 2021 are in the company report.
The GSTIN of Indovance is 27AAGCI0867G1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indovance is U74999PN2021PTC199873. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indovance was incorporated on 26 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Pune.
Aditi Nishant Gadkari ceased to be Additional Director on 21 Dec 2022. Prajakta Sandesh Joshi ceased to be Additional Director on 21 Dec 2022. Sandesh Surendra Joshi ceased to be Additional Director on 21 Dec 2022. Indovance has 8 board changes on record in total.
Yes, Indovance is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0161530).
Indovance has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.
Indovance can be reached through the website indovance.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Indovance is at Fl B22 Sn 120A B Subpl 35Fp 545 Shravan Sinhagad Rd Parvati, Pune, Maharashtra, India – 411030.
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