About Innofitt Systems Private Limited
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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.
Company details
Contact details
Innofitt Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is innofitt.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 New India Industrialestate Offmahakali Caves Rd Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Innofitt Systems Private 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
Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Innofitt Systems Private Limited, buy the company report.
Financials of Innofitt Systems Private Limited
FY 2025 filings availableInnofitt Systems Private Limited reported revenue of ₹39.27 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.33 Cr | ||||
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| Net Profit (PAT) | ₹1.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 3.2% | ||||
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To see the full financial statements and ratios of Innofitt Systems Private Limited, buy the company report.
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 8 Months | Current |
| Anil Khushiram Devnani | Whole-Time Director | 14 Feb 2006 | 20 Years 8 Months | Current |
| Navin Anil Devnanitorres | Whole-Time Director | 19 May 2022 | 4 Years 5 Months | Current |
Auditor
Innofitt Systems Private Limited is audited by Lavin Khemani & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lavin Khemani & Associates | FY 2023 | 139945W |
Shareholding
The shareholding of Innofitt Systems 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innofitt Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2022 | 100688362 | Others | ₹3 Cr | Open | |
| 12 Aug 2019 | 100292036 | Others | ₹20 Lakh | Satisfied | |
| 29 Jun 2017 | 100281071 | Yes Bank Limited | ₹6 Lakh | Satisfied | |
| 17 Oct 2015 | 10608775 | Yes Bank Limited | ₹1.26 Cr | Satisfied | |
| 28 Aug 2015 | 10608771 | Yes Bank Limited | ₹1.26 Cr | Satisfied |
To see the full charge records of Innofitt Systems Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving Innofitt Systems 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
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 |
To see the full MSME payment records of Innofitt Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
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 |
To see the full GST registrations and return filing status of Innofitt Systems Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Sunil Khushiram Devnani - Whole-Time Director
- Anil Khushiram Devnani - Whole-Time Director
- Navin Anil Devnanitorres - Whole-Time Director
The latest financial statements of Innofitt Systems 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 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.
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.
The registered office of Innofitt Systems is at 14 New India Industrialestate Offmahakali Caves Rd Andheri East, Mumbai, Maharashtra, India – 400093.
Innofitt Systems operates in the consumer electronics and durables industry, in the furniture manufacturing segment.