Startup India Government of India
Indovation Exports Private Limited - transport and logistics in Palayamkottai, Tamil Nadu, India. Directors, charges & compliance details.
Revenue · FY 2024
₹76.06 Lakh
▼ 80% YoY
Net loss · FY 2024
₹33.13 Lakh
Net margin -43.5%
EBITDA · FY 2024
-₹12.64 Lakh
EBITDA margin -16.6%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹2.26 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Indovation Exports Private Limited
Data last updated:
Indovation Exports Private Limited is a private limited company based in Palayamkottai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 12 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51900TN2019PTC128708. Its GSTIN is 33AAFCI2447D1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Kalyanasundaram Thangamani and Sulochana Thangamani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Palayamkottai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.06 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹33.13 Lakh (net margin -43.5%) and EBITDA of -₹12.64 Lakh (EBITDA margin -16.6%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years.
As per MCA filings, the company has open charges of ₹2.26 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
Indovation Exports Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-18-0008126). For more details, the company can be reached via its website indovation.me.
Company details
CIN U51900TN2019PTC128708
Registration Number 128708
Incorporation Date 12 April 2019
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-18-0008126
Recognitions & Rankings of Indovation Exports
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-18-0008126
Contact details
Indovation Exports Private Limited's registered office is in Palayamkottai, Tamil Nadu.
- Registered AddressNo. 797/3A Plot No. 59 Arunagiri Nagar, Tharuvai Nagercoil Bye Pass Road, Palayamkottai, Tamil Nadu, India – 627356
- IndustryTransport and Logistics, Cargo Services
Comprehensive company report
Indovation Exports 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 Indovation Exports is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Indovation Exports Private Limited, buy the company report.
Financials of Indovation Exports Private Limited
FY 2024 filings availableIndovation Exports Private Limited reported revenue of ₹76.06 Lakh (down 80% YoY) for FY 2024.
Revenue · FY 2024
₹76.06 Lakh ▼ 80%
Net loss · FY 2024
₹33.13 Lakh margin -43.5%
EBITDA · FY 2024
-₹12.64 Lakh margin -16.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 42%
EBITDA CAGR growth
1 year
▼ 154%
3 years · compounded
▼ 39%
Revenue has declined at a compounded annual rate (CAGR) of 42% over three years, including a 80% fall in the latest year. EBITDA fell 154% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹12.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.13 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.6% | ||||
| Net Profit Margin | -43.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Indovation Exports Private Limited, buy the company report.
Board of directors of Indovation Exports Private Limited
Indovation Exports has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sulochana Thangamani | Additional Director | 01 Jun 2023 | 3 Years 5 Months | Current |
| Kalyanasundaram Thangamani | Director | 12 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Indovation Exports Private Limited is compared with the 5 companies closest to it by revenue in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SCB Exports Limited | ₹76.39 Lakh (FY 2025) | 34.0% | Jodhpur, Rajasthan, India | |||
| Shyam Baba Developers and Builders Private Limited | ₹76.07 Lakh (FY 2024) | 940191.0% | Rampur, Uttar Pradesh, India | |||
| Indovation Exports Private Limitedthis company | ₹76.06 Lakh (FY 2024) | -₹33.13 Lakh | -43.5% | -80.0% | Palayamkottai, Tamil Nadu, India | |
| Option Petro Chem Private Limited | ₹75.93 Lakh (FY 2016) | 1021.0% | New Delhi, Delhi, India | |||
| Shashwat Realty Developers Private Limited | ₹75.72 Lakh (FY 2025) | -57.0% | Mumbai, Maharashtra, India | |||
| SGBJ & Sons Private Limited | ₹75.52 Lakh (FY 2025) | 49.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Indovation Exports Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.26 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2021 | 100528943 | State Bank of India | ₹64 Lakh | Open | |
| 02 Aug 2019 | 100288778 | State Bank of India | ₹1.62 Cr | Open |
To see the full charge records of Indovation Exports Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Indovation Exports Private Limited has 3 court cases on record: 2 filed by Indovation Exports, 1 filed against it. All cases are disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Court case (C.S(COMM DIV)) | Filed by the company against individuals | Disposed |
To see the full case history of Indovation Exports 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 Indovation Exports Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indovation Exports has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCI2447D1ZZ | Tamil Nadu | Active | 29 Apr 2019 |
To see the full GST registrations and return filing status of Indovation Exports Private Limited, buy the company report.
Recent activity
Indovation Exports Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Thiraviyam Thangamani ceased to be Director on 02 Jun 2023.
AGM
Indovation Exports Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indovation Exports Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Thiraviyam Thangamani ceased to be Director.
Appointed
Sulochana Thangamani was appointed as Additional Director.
Charges
A charge with State Bank Of India of Rs. 162.00 Lakh registered on 02 Aug 2019 with Charge ID 100288778 was modified on 17 Feb 2023.
Charges
A charge with State Bank Of India amounted to Rs. 64.00 Lakh with Charge ID 100528943 was registered on 27 Dec 2021.
Charges
A charge with State Bank Of India amounted to Rs. 162.00 Lakh with Charge ID 100288778 was registered on 02 Aug 2019.
Appointed
Kalyanasundaram Thangamani was appointed as Director.
Incorporation
12 Apr 2019
Indovation Exports Private Limited was registered on 12 Apr 2019 with Roc Chennai & aged 7 years 7 months as per MCA records.
Frequently asked questions
Indovation Exports is an active private limited company based in Palayamkottai, Tamil Nadu, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 12 April 2019 (7+ years old) and is registered under CIN U51900TN2019PTC128708.
Indovation Exports has 2 current directors:
- Sulochana Thangamani - Additional Director
- Kalyanasundaram Thangamani - Director
The latest financial statements of Indovation Exports on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Indovation Exports is 33AAFCI2447D1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Indovation Exports is U51900TN2019PTC128708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indovation Exports has 3 court cases on record: 2 filed by the company and 1 filed against it.
Indovation Exports was incorporated on 12 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Indovation Exports by revenue are SCB Exports Limited, Shyam Baba Developers and Builders Private Limited, Option Petro Chem Private Limited, Shashwat Realty Developers Private Limited, SGBJ & Sons Private Limited, all in the Metals and Minerals industry (Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Thiraviyam Thangamani ceased to be Director on 02 Jun 2023. Sulochana Thangamani was appointed as Additional Director on 01 Jun 2023. Kalyanasundaram Thangamani was appointed as Director on 12 Apr 2019.
Yes, Indovation Exports is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Indovation Exports is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-18-0008126).
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