About Initnine Consultants Private Limited
Data last updated:
Initnine Consultants Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 30 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2016PTC092254. Its GSTIN is 24AAECI1473J1ZM (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Initnine Consultants (Opc) Private Limited. It is led by directors Ajaykumar Shantilal Patel and Priyank Atulkumar Shah.
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 102 Awas Yashsvi Appartment 6 Sarswati Society Nr. Jainderasar Mahalxmi 5 Road Paldi, Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.33 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹13.62 Lakh (net margin 10.2%) and EBITDA of ₹21.58 Lakh (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 13% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website initnine.com.
Company details
CIN history
Initnine Consultants has one previous CIN (Corporate Identification Number): U74140GJ2016OPC092254. The current CIN is U74140GJ2016PTC092254, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140GJ2016PTC092254 | Current |
| U74140GJ2016OPC092254 | Previous |
Contact details
Initnine Consultants Private Limited's registered office is in Ahmedabad, Gujarat.
- Social Media
- Registered Address102 Awas Yashsvi Appartment 6 Sarswati Society Nr. Jainderasar Mahalxmi 5 Road Paldi, Ahmedabad, Gujarat, India – 380007
- IndustryEngineering, Engineering Design & Consultancy
- 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 Initnine Consultants is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Initnine Consultants Private Limited, buy the company report.
Financials of Initnine Consultants Private Limited
FY 2025 filings availableInitnine Consultants Private Limited reported revenue of ₹1.33 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 15% 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.58 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.62 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | ||||
| Net Profit Margin | 10.2% | ||||
| 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 Initnine Consultants Private Limited, buy the company report.
Board of directors of Initnine Consultants Private Limited
Initnine Consultants has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajaykumar Shantilal Patel | Director | 03 Sep 2018 | 8 Years 1 Months | Current |
| Priyank Atulkumar Shah | Director | 30 May 2016 | 10 Years 4 Months | Current |
Peer comparison
Initnine Consultants Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Awf Technologies Private Limited | ₹1.34 Cr (FY 2023) | 241.0% | Chennai, Tamil Nadu, India | |||
| Techmantra Now India Private Limited | ₹1.34 Cr (FY 2025) | 30.0% | Bangalore, Karnataka, India | |||
| Nexus Global Solutions Private Limited | ₹1.33 Cr (FY 2025) | -24.0% | Aurangabad, Maharashtra, India | |||
| Kupis Fintech Private Limited | ₹1.33 Cr (FY 2024) | Rajahmundry, Andhra Pradesh, India | ||||
| Konduit Technologies Private Limited | ₹1.33 Cr (FY 2024) | 1.0% | Ahmedabad, Gujarat, India | |||
| Initnine Consultants Private Limitedthis company | ₹1.33 Cr (FY 2024) | ₹13.62 Lakh | 10.2% | -4.0% | Ahmedabad, Gujarat, India | |
| J B Media Private Limited | ₹1.33 Cr (FY 2023) | -22.0% | Hyderabad, Telangana, India | |||
| Narindra Advertising and Consultancy Private Limited | ₹1.33 Cr (FY 2023) | Bareilly, Uttar Pradesh, India | ||||
| Next Algo Information Technology Private Limited | ₹1.33 Cr (FY 2024) | 101.0% | Dewas, Madhya Pradesh, India | |||
| Amd Telecom Private Limited | ₹1.33 Cr (FY 2025) | 275.0% | Gurugram, Haryana, India | |||
| Macron Enterprises Private Limited | ₹1.33 Cr (FY 2025) | -7.0% | Delhi, India |
To see the full peer comparison of Initnine Consultants Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Initnine Consultants 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
No delayed payments to MSME suppliers are on our record for Initnine Consultants Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Initnine Consultants has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI1473J1ZM | Gujarat | Active | 12 Oct 2017 |
To see the full GST registrations and return filing status of Initnine Consultants Private Limited, buy the company report.
Recent activity
Initnine Consultants Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Ajaykumar Shantilal Patel was appointed as Director on 03 Sep 2018.
Frequently asked questions
Initnine Consultants is an active private limited company based in Ahmedabad, Gujarat, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 30 May 2016 (10+ years old) and is registered under CIN U74140GJ2016PTC092254.
Initnine Consultants has 2 current directors:
- Ajaykumar Shantilal Patel - Director
- Priyank Atulkumar Shah - Director
The latest financial statements of Initnine Consultants 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 2017 are in the company report.
The GSTIN of Initnine Consultants is 24AAECI1473J1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Initnine Consultants is U74140GJ2016PTC092254. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Initnine Consultants was incorporated on 30 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Initnine Consultants by revenue are Awf Technologies Private Limited, Techmantra Now India Private Limited, Nexus Global Solutions Private Limited, Kupis Fintech Private Limited, Konduit Technologies Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Ajaykumar Shantilal Patel was appointed as Director on 03 Sep 2018. Priyank Atulkumar Shah was appointed as Director on 30 May 2016. Suril Atulkumar Shah was appointed as Nominee on 30 May 2016.
Initnine Consultants can be reached through the website initnine.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Initnine Consultants is at 102 Awas Yashsvi Appartment 6 Sarswati Society Nr. Jainderasar Mahalxmi 5 Road Paldi, Ahmedabad, Gujarat, India – 380007.
Initnine Consultants operates in the engineering industry, in the engineering design and consultancy segment.