Innocenter Agritech Private Limited

Innocenter Agritech Private Limited - machinery and equipment in Sirsi, Karnataka, India. FY 2026 financials & compliance.
CIN U74999KA2017PTC099171 Incorporated 13 January 2017 ROC Bangalore HQ Sirsi, Karnataka, India
Active Private Limited Company machinery and equipment DPIIT Startup MSME
Data last updated
Revenue · FY 2025
₹25.49 Cr
▼ 43% YoY
Net loss · FY 2025
₹41.41 Lakh
Net margin -1.6%
EBITDA · FY 2025
-₹39.5 Lakh
EBITDA margin -1.5%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
5
As per MCA filings

About Innocenter Agritech Private Limited

Data last updated:

Innocenter Agritech Private Limited is a private limited company based in Sirsi, Karnataka, India, recognised as a startup by DPIIT. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 January 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC099171. Its GSTIN is 29AAECI3569F1ZC (Karnataka).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including James Anthon Vaz and Niteen Sripathi Shastri.

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 No.4B Shanti Nivas Near Tss Rice Mill New Market Yard, Sirsi, Karnataka, India – 581402.

As per the financials filed for FY 2025, the company reported a revenue of ₹25.49 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹41.41 Lakh (net margin -1.6%) and EBITDA of -₹39.5 Lakh (EBITDA margin -1.5%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 92% over five years.

The company is associated with 1 brand: Shalmala Valley Crop Processing. As per MCA filings, the company has open charges of ₹10 Lakh on record.

Innocenter Agritech Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-27-0008287). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innocenter.in.

Company details

CIN U74999KA2017PTC099171
Registration Number 099171
Incorporation Date 13 January 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-KR-27-0008287
Key People
James Anthon Vaz Director Niteen Sripathi Shastri Director Deepak Rajaram Hegde Director

Recognitions & Rankings of Innocenter Agritech

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-KR-27-0008287

Contact details

Innocenter Agritech Private Limited's registered office is in Sirsi, Karnataka. Its website is innocenter.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    innocenter.in
  • Registered Address
    No.4B Shanti Nivas Near Tss Rice Mill New Market Yard, Sirsi, Karnataka, India – 581402
  • Industry
    Machinery and Equipment, Industrial Machinery Manufacturing

To see the full contact details of Innocenter Agritech Private Limited, buy the company report.

Comprehensive company report
Innocenter Agritech 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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Brands

Innocenter Agritech operates one associated brand: Shalmala Valley Crop Processing. Each brand links to its own profile.

BrandDescriptionWebsite
Shalmala Valley Crop Processing
Develops innovative mechanized farm equipment for areca farmers.innocenter.in

Business activity

The main business activity of Innocenter Agritech is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
AAgriculture, forestry, fishingA4Support activities to agriculture and Other Activities including hunting

To see the full business activity and turnover split of Innocenter Agritech Private Limited, buy the company report.

Financials of Innocenter Agritech Private Limited

FY 2024 filings available

Innocenter Agritech Private Limited reported revenue of ₹25.49 Cr (down 43% YoY) for FY 2025.

Revenue · FY 2025
₹25.49 Cr ▼ 43%
Net loss · FY 2025
₹41.41 Lakh margin -1.6%
EBITDA · FY 2025
-₹39.5 Lakh margin -1.5%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 77%
5 years · compounded
▲ 92%
EBITDA CAGR growth
1 year
▼ 131%
3 years · compounded
▼ 50%
5 years · compounded
▼ 98%

Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 92%. EBITDA fell 131% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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-₹39.5 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹41.41 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-1.5%
Net Profit Margin-1.6%
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 Innocenter Agritech Private Limited, buy the company report.

Board of directors of Innocenter Agritech Private Limited

Innocenter Agritech has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
James Anthon VazDirector11 Apr 20224 Years 6 MonthsCurrent
Niteen Sripathi ShastriDirector11 Apr 20224 Years 6 MonthsCurrent
Deepak Rajaram Hegde
Also directs: Krishi Pariwar Producer Company Limited, Futurelogic Technologies Private Limited
Director06 Dec 20187 Years 11 MonthsCurrent
Shivarama Hegde Krishna
Also directs: Tracon Pro LLP
Director13 Jan 20179 Years 9 MonthsCurrent
Raveesh Achut Hegde
Also directs: Totgars' Agro Processors' Federation, Vivid Innovations Private Limited
Director01 Jul 20224 Years 4 MonthsCurrent
View all directors

Auditor

Innocenter Agritech Private Limited is audited by Venugopal N. Hegde & Co for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Venugopal N. Hegde & CoFY 2023016321S

Shareholding

The shareholding of Innocenter Agritech Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Innocenter Agritech Private Limited, buy the company report.

Charges & borrowings

Open charges
₹10 Lakh
Satisfied charges
None
Breakdown by lending institutions
Canara Bank₹0.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Mar 2018100200943Canara Bank₹10 LakhOpen

Total charge records: 1 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Innocenter Agritech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Innocenter Agritech has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAECI3569F1ZCKarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Innocenter Agritech Private Limited, buy the company report.

Recent activity

Innocenter Agritech Private Limited has 13 board changes on record since 2017: 5 appointments and 8 cessations. The latest: James Anthon Vaz ceased to be Additional Director on 30 Sep 2022.

AGM
Innocenter Agritech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Innocenter Agritech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
James Anthon Vaz ceased to be Additional Director.
Ceased
Niteen Sripathi Shastri ceased to be Additional Director.
Ceased
Raveesh Achut Hegde ceased to be Additional Director.
Appointed
Raveesh Achut Hegde was appointed as Director.
Appointed
James Anthon Vaz was appointed as Director.
Appointed
Niteen Sripathi Shastri was appointed as Director.
Ceased
Shashikant Hegde ceased to be Director.
Ceased
Ashok Mahadev Bhat ceased to be Additional Director.
Ceased
Rangaswamy Siddarangaiah Naruganahalli ceased to be Director.
Ceased
Roopashri Naik ceased to be Director.

5 earlier events are in the company report.

Frequently asked questions

Innocenter Agritech is an active private limited company based in Sirsi, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 13 January 2017 (9+ years old) and is registered under CIN U74999KA2017PTC099171.

Innocenter Agritech has 5 current directors:

The latest financial statements of Innocenter Agritech 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 2017 are in the company report.

The GSTIN of Innocenter Agritech is 29AAECI3569F1ZC, registered in Karnataka.

The CIN (Corporate Identification Number) of Innocenter Agritech is U74999KA2017PTC099171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Innocenter Agritech was incorporated on 13 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.

James Anthon Vaz ceased to be Additional Director on 30 Sep 2022. Niteen Sripathi Shastri ceased to be Additional Director on 30 Sep 2022. Raveesh Achut Hegde ceased to be Additional Director on 30 Sep 2022. Innocenter Agritech has 13 board changes on record in total.

Yes, Innocenter Agritech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Innocenter Agritech is registered as an MSME under Udyam registration (number: UDYAM-KR-27-0008287).

Innocenter Agritech can be reached through the website innocenter.in. Its registered office is in Sirsi, Karnataka, India.