Innorve Software Solutions Private Limited
About Innorve Software Solutions Private Limited
Data last updated:
Innorve Software Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the software products and publishing segment of the software and technology sector. It was incorporated on 22 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2016PTC086369. Its GSTIN is 29AAECI0696R1ZP (Karnataka).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Ashok Krishna Raikar and Roopa Ashok Raikar.
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 #316 Shree Nanjundeshwara Sadana 1st Block 7th Main Peenya, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.32 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹19,491 (net margin 14.8%) and EBITDA of ₹76,693 (EBITDA margin 58.1%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address#316 Shree Nanjundeshwara Sadana 1st Block 7th Main Peenya, Bangalore, Karnataka, India – 560058
- IndustrySoftware, Software Publishing, Software Development
- 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 Innorve Software Solutions Private Limited
The main business activity of Innorve Software Solutions is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities | 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 Innorve Software Solutions Private Limited FY 2025 filings available
Innorve Software Solutions Private Limited reported revenue of ₹1.32 Lakh (down 93% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innorve Software Solutions Private Limited
Revenue fell 93% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 74% 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 Innorve Software Solutions 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 | ₹76,693 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19,491 | •••• | •••• | •••• | •••• |
| 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 Innorve Software Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.8% | •••• | •••• | •••• | •••• |
| 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 Innorve Software Solutions are in the company report.
Financial statements from FY 2016
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 Innorve Software Solutions Private Limited
Innorve Software Solutions Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cindrella Tie-Up Private Limited | ₹1.32 Lakh (FY 2025) | •••• | •••• | -39.0% | •••• | Kolkata, West Bengal, India |
| Secure Hat Private Limited | ₹1.32 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Ranchi, Jharkhand, India |
| Rapidin Tech Private Limited | ₹1.32 Lakh (FY 2020) | •••• | •••• | •••• | Margao, Goa, India | |
| Shivani Metals Limited | ₹1.32 Lakh (FY 2023) | •••• | •••• | -71.0% | •••• | New Delhi, Delhi, India |
| Sinfam International Consulting Private Limited | ₹1.32 Lakh (FY 2018) | •••• | •••• | -68.0% | •••• | Delhi, India |
| Innorve Software Solutions Private Limited this company | ₹1.32 Lakh (FY 2025) | •••• | •••• | -93.0% | •••• | Bangalore, Karnataka, India |
| SD Global Secure & Technologies Private Limited | ₹1.32 Lakh (FY 2025) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Infonance Technologies Private Limited | ₹1.32 Lakh (FY 2025) | •••• | •••• | 6.0% | •••• | Sultanpur, Uttar Pradesh, India |
| Manahvidya Consulting (OPC) Private Limited | ₹1.32 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Bengaluru, Karnataka, India |
| Varshney Advisory Private Limited | ₹1.32 Lakh (FY 2024) | •••• | •••• | 210.0% | •••• | Gurgaon, Haryana, India |
| NT Back Office Services Private Limited | ₹1.32 Lakh (FY 2022) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innorve Software Solutions by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Innorve Software Solutions Private Limited
Innorve Software Solutions has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Krishna Raikar | Director | 17 Sep 2021 | 5 Years 0 Months | Current |
| Roopa Ashok Raikar | Director | 17 Sep 2021 | 5 Years 0 Months | Current |
| Suveena Ashok Raikar | Director | 22 Feb 2016 | 10 Years 7 Months | Current |
| Madhura Peenya Sivanna | Director | 22 Feb 2016 | 10 Years 7 Months | Current |
Ownership and Shareholding of Innorve Software Solutions 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 Innorve Software Solutions Private Limited
Innorve Software Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innorve Software Solutions Private Limited
Employment history and EPFO contributions of people linked to Innorve Software Solutions.
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 Innorve Software Solutions Private Limited
Innorve Software Solutions Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Ashok Krishna Raikar was appointed as Director on 17 Sep 2021.
Credit Ratings, Litigation & Regulatory Alerts for Innorve Software Solutions 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.
MSME Payment Delays by Innorve Software Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innorve Software Solutions 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 Innorve Software Solutions Private Limited
Innorve Software Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI0696R1ZP | Karnataka | Active | 13 Sep 2019 |
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 Innorve Software Solutions 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 Innorve Software Solutions Private Limited
Innorve Software Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in software publishing, within the software industry. It was incorporated on 22 February 2016 (10+ years old) and is registered under CIN U72200KA2016PTC086369.
Innorve Software Solutions reported revenue of ₹1.32 Lakh for FY 2025 (down 93% YoY).
Innorve Software Solutions has 4 current directors:
- Ashok Krishna Raikar - Director
- Roopa Ashok Raikar - Director
- Suveena Ashok Raikar - Director
- Madhura Peenya Sivanna - Director
Innorve Software Solutions reported a net profit of ₹19,491 (net margin 14.8%) and EBITDA of ₹76,693 (EBITDA margin 58.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innorve Software Solutions is -67% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 93%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innorve Software Solutions is 29AAECI0696R1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Innorve Software Solutions is U72200KA2016PTC086369. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innorve Software Solutions was incorporated on 22 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innorve Software Solutions by revenue are Cindrella Tie-Up Private Limited, Secure Hat Private Limited, Rapidin Tech Private Limited, Shivani Metals Limited, Sinfam International Consulting Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Ashok Krishna Raikar was appointed as Director on 17 Sep 2021. Roopa Ashok Raikar was appointed as Director on 17 Sep 2021. Madhura Peenya Sivanna was appointed as Director on 22 Feb 2016. Innorve Software Solutions has 4 board changes on record in total.
The registered office of Innorve Software Solutions is at #316 Shree Nanjundeshwara Sadana 1st Block 7th Main Peenya, Bangalore, Karnataka, India – 560058.