About Innofitt Systems Private Limited
Data last updated:
Innofitt Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 14 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74994MH2006PTC159729. Its GSTIN is 27AABCI4700P1ZF (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sunil Khushiram Devnani (Whole-Time Director) and Anil Khushiram Devnani (Whole-Time Director).
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 14 New India Industrialestate Offmahakali Caves Rd Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.27 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.26 Cr (net margin 3.2%) and EBITDA of ₹2.33 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company is associated with 1 brand: Innofitt. As per MCA filings, the company has open charges of ₹3 Cr and satisfied charges of ₹7.05 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innofitt.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address14 New India Industrialestate Offmahakali Caves Rd Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Innofitt Systems Private Limited
The main business activities of Innofitt Systems are manufacturing and trade. In detail, this covers metal and metal products and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Innofitt Systems Private Limited FY 2025 filings available
Innofitt Systems Private Limited reported revenue of ₹39.27 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innofitt Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 24% growth in the latest year. EBITDA rose 11% 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 of Innofitt Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹2.33 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.26 Cr | •••• | •••• | •••• | •••• |
| 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 of Innofitt Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Innofitt Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Innofitt Systems Private Limited
Innofitt Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| CRM Enterprises Private Limited | ₹41.03 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Hyderabad, Telangana, India |
| Dynasty Modular Furnitures Private Limited | ₹40.96 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Jaipur, Rajasthan, India |
| Trevi Furniture Corp Private Limited | ₹40.53 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Anekal, Karnataka, India |
| Airtech Pvt Ltd | ₹39.94 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| SSG Furnishing India Limited | ₹39.46 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Delhi, India |
| Innofitt Systems Private Limited this company | ₹39.27 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| MBTC Intrafurnish Private Limited | ₹38.91 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | New Delhi, Delhi, India |
| Shree Ram Wooden Industries Private Limited | ₹38.76 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Bavla, Gujarat, India |
| Itp Limited | ₹38.57 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Hyderabad, Telangana, India |
| Highspazes Private Limited | ₹38.15 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Gurugram, Haryana, India |
| Unimaple Modutech Private Limited | ₹38.09 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Innofitt Systems by revenue in the Consumer Durables industry (Furniture), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Innofitt Systems Private Limited
Innofitt Systems Private Limited is audited by Lavin Khemani & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Lavin Khemani & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Innofitt Systems Private Limited
Innofitt Systems has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Khushiram Devnani | Whole-Time Director | 14 Feb 2006 | 20 Years 7 Months | Current |
| Anil Khushiram Devnani | Whole-Time Director | 14 Feb 2006 | 20 Years 7 Months | Current |
| Navin Anil Devnanitorres | Whole-Time Director | 19 May 2022 | 4 Years 4 Months | Current |
Ownership and Shareholding of Innofitt Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innofitt Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2022 | Others | ₹3 Cr | Open |
| 12 Aug 2019 | Others | ₹20 Lakh | Satisfied |
| 29 Jun 2017 | Yes Bank Limited | ₹6 Lakh | Satisfied |
| 17 Oct 2015 | Yes Bank Limited | ₹1.26 Cr | Satisfied |
| 28 Aug 2015 | Yes Bank Limited | ₹1.26 Cr | Satisfied |
Total charge records: 10 View all charges
MSME Payment Delays by Innofitt Systems Private Limited
Innofitt Systems Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 155 overdue payments to 63 micro and small suppliers. 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 (5 of 63)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Rapido Global Logistics | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Innofitt Systems Private Limited
Innofitt Systems operates one associated brand: Innofitt. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ergonomic solutions and office accessories manufacturing in India. | innofitt.com |
Employees and EPFO Compliance at Innofitt Systems Private Limited
Employment history and EPFO contributions of people linked to Innofitt Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Innofitt Systems Private Limited
Innofitt Systems Private Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Navin Anil Devnanitorres ceased to be Director on 30 Sep 2022.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innofitt Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innofitt Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Innofitt Systems Private Limited
Innofitt Systems has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI4700P1ZF | Maharashtra | Active | 01 Jul 2017 |
| 29AABCI4700P1ZB | Karnataka | Active | 29 Jan 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innofitt Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innofitt Systems Private Limited
Innofitt Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 14 February 2006 (20+ years old) and is registered under CIN U74994MH2006PTC159729.
Innofitt Systems reported revenue of ₹39.27 Cr for FY 2025 (up 24% YoY).
Innofitt Systems has 3 current directors:
- Sunil Khushiram Devnani - Whole-Time Director
- Anil Khushiram Devnani - Whole-Time Director
- Navin Anil Devnanitorres - Whole-Time Director
Innofitt Systems reported a net profit of ₹1.26 Cr (net margin 3.2%) and EBITDA of ₹2.33 Cr (EBITDA margin 5.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innofitt Systems is 19% over three years and 13% over five years. In the latest year (FY 2025) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innofitt Systems is 27AABCI4700P1ZF, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCI4700P1ZB (Karnataka).
The CIN (Corporate Identification Number) of Innofitt Systems is U74994MH2006PTC159729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innofitt Systems was incorporated on 14 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innofitt Systems by revenue are CRM Enterprises Private Limited, Dynasty Modular Furnitures Private Limited, Trevi Furniture Corp Private Limited, Airtech Pvt Ltd, SSG Furnishing India Limited and 5 more, all in the Consumer Durables industry (Furniture).
Navin Anil Devnanitorres ceased to be Director on 30 Sep 2022. Navin Anil Devnanitorres was appointed as Whole-Time Director on 19 May 2022. Anil Khushiram Devnani ceased to be Director on 01 Jan 2016. Innofitt Systems has 7 board changes on record in total.
Innofitt Systems has 13 MSME Form 1 returns on record between 2019 and 2023, listing 155 overdue payments to 63 micro and small suppliers. The latest return was filed on 17 Nov 2023.
Innofitt Systems can be reached through the website innofitt.com. Its registered office is in Mumbai, Maharashtra, India.