Indovation Renewables Limited
About Indovation Renewables Limited
Data last updated:
Indovation Renewables Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the IT services segment of the services sector. It was incorporated on 30 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40300TG1992PLC015189. Its GSTIN is 36AABCM3678G1ZC (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.87 Cr. It was formerly known as Maa Durga Solutions Limited. It is led by directors including Kiran Thummalapalli (Managing Director) and Namburu Satyavathi.
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 866 K Complex Ayyappa Society, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2017, the company reported a revenue of ₹62.7 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹89,165 (net margin 1.4%) and EBITDA of ₹1.81 Lakh (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 99% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹63 Lakh and satisfied charges of ₹60 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Indovation Renewables has one previous CIN (Corporate Identification Number): L40300TG1992PLC015189. The current CIN is U40300TG1992PLC015189, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300TG1992PLC015189 | Current |
| L40300TG1992PLC015189 | Previous |
Contact details
Indovation Renewables Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 866 K Complex Ayyappa Society, Hyderabad, Telangana, India – 500081
- IndustryService, Information Technology Services
To see the full contact details of Indovation Renewables 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
Business activity
The main business activity of Indovation Renewables 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 Renewables Limited, buy the company report.
Financials of Indovation Renewables Limited
FY 2025 filings availableIndovation Renewables Limited reported revenue of ₹62.7 Lakh (up 4% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 4% growth in the latest year. EBITDA rose 34% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹62.7 Lakh | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.81 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹89,165 | ||
| 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 | |||
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| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 2.9% | ||
| Net Profit Margin | 1.4% | ||
| 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 | |||
To see the full financial statements and ratios of Indovation Renewables Limited, buy the company report.
Board of directors and KMP of Indovation Renewables Limited
Indovation Renewables Limited currently reports 4 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samineni Manish Kumar Also directs: Grabtech Infomatics Private Limited | Cfo | 01 Apr 2015 | 11 Years 7 Months | Current |
| Ragasita Manjari Thummalapalli Also directs: Mudunuru Limited | Additional Director | 05 Apr 2018 | 8 Years 6 Months | Current |
| Kiran Thummalapalli Also directs: Mudunuru Limited, Mudunuru One Fintech Private Limited, Mudunuru Dreams Private Limited and 2 more | Managing Director | 28 Mar 2018 | 8 Years 7 Months | Current |
| Namburu Satyavathi | Director | 14 Feb 2015 | 11 Years 8 Months | Current |
| Korada Srinivasarao Also directs: Biomorf Systems Limited | Director | 14 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Indovation Renewables Limited is audited by M M REDDY & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M REDDY & CO | FY 2017 | 010371S |
Shareholding
The shareholding of Indovation Renewables Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Indovation Renewables Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 1996 | 90338996 | The A.P. Mahesh Co. Operative Urban Bank Ltd. | ₹63 Lakh | Open | |
| 29 Nov 1995 | 90338925 | State Bank of India | ₹60 Lakh | Satisfied |
To see the full charge records of Indovation Renewables Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Indovation Renewables 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
No delayed payments to MSME suppliers are on our record for Indovation Renewables Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indovation Renewables has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCM3678G1ZC | Telangana | Active | 01 Jul 2017 |
| 37AABCM3678G1ZA | Andhra Pradesh | Active | 24 Jan 2018 |
To see the full GST registrations and return filing status of Indovation Renewables Limited, buy the company report.
Recent activity
Indovation Renewables Limited has 16 board changes on record since 2008: 5 appointments and 11 cessations. The latest: Srinivas Pallapu ceased to be Company Secretary on 28 May 2018.
11 earlier events are in the company report.
Frequently asked questions
Indovation Renewables is an active public limited company based in Hyderabad, Telangana, India. The company works in information technology services, within the service industry. It was incorporated on 30 December 1992 (34+ years old) and is registered under CIN U40300TG1992PLC015189.
Indovation Renewables has 5 current directors and KMP:
- Kiran Thummalapalli - Managing Director
- Ragasita Manjari Thummalapalli - Additional Director
- Namburu Satyavathi - Director
- Korada Srinivasarao - Director
- Samineni Manish Kumar - Cfo
The latest financial statements of Indovation Renewables 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 2015 are in the company report.
The GSTIN of Indovation Renewables is 36AABCM3678G1ZC, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AABCM3678G1ZA (Andhra Pradesh).
The CIN (Corporate Identification Number) of Indovation Renewables is U40300TG1992PLC015189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indovation Renewables was incorporated on 30 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Hyderabad.
Srinivas Pallapu ceased to be Company Secretary on 28 May 2018. Ragasita Manjari Thummalapalli was appointed as Additional Director on 05 Apr 2018. Kiran Thummalapalli was appointed as Managing Director on 28 Mar 2018. Indovation Renewables has 16 board changes on record in total.
The registered office of Indovation Renewables is at Plot No 866 K Complex Ayyappa Society, Hyderabad, Telangana, India – 500081.
Indovation Renewables operates in the service industry, in the information technology services segment.
Indovation Renewables has open charges of ₹63 Lakh and satisfied charges of ₹60 Lakh as per latest MCA filings.
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