About Innovace Advisors Private Limited
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Innovace Advisors Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 17 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB2012PTC174313.
The company has an authorised share capital of ₹2.38 Cr and a paid-up capital of ₹5.58 Lakh. It was formerly known as S.K.Singhi & Co (Consultants) Private Limited. It is led by directors including Mahesh Fogla and Binay Kishore Jha.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Raja Chambers Room No 8A Ground Floor 4 Kiran Shankar Roy Road, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.55 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹65,930 (net margin 10.1%) and EBITDA of ₹41,190 (EBITDA margin 6.3%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 20% 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 innovaceadvisors.com.
Company details
Contact details
Innovace Advisors Private Limited's registered office is in Kolkata, West Bengal. Its website is innovaceadvisors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRaja Chambers Room No 8A Ground Floor 4 Kiran Shankar Roy Road, Kolkata, West Bengal, India – 700001
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Innovace Advisors 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
Business activity
The main business activity of Innovace Advisors is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Innovace Advisors Private Limited, buy the company report.
Financials of Innovace Advisors Private Limited
FY 2025 filings availableInnovace Advisors Private Limited reported revenue of ₹6.55 Lakh (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 36% fall in the latest year. EBITDA fell 70% 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 | ₹41,190 | ||||
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| Net Profit (PAT) | ₹65,930 | ||||
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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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| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Innovace Advisors Private Limited, buy the company report.
Board of directors of Innovace Advisors Private Limited
Innovace Advisors has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Fogla | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Binay Kishore Jha Also directs: Avigna Jeya Private Limited, Avigna Space Private Limited, Avigna Ventura Private Limited and 5 more | Director | 20 Mar 2023 | 3 Years 7 Months | Current |
| Hargovind Sachdev | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Surendra Kumar Singhi | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Innovace Advisors Private Limited is audited by P.K. Ajitsaria & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.K. Ajitsaria & Co. | FY 2023 | FRN317046E |
Shareholding
The shareholding of Innovace Advisors 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 Innovace Advisors Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovace Advisors 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 Innovace Advisors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Innovace Advisors Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Innovace Advisors Private Limited has 11 board changes on record since 2020: 4 appointments and 7 cessations. The latest: Binay Kishore Jha ceased to be Additional Director on 27 Sep 2023.
2 earlier events are in the company report.
Frequently asked questions
Innovace Advisors is an active private limited company based in Kolkata, West Bengal, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 17 February 2012 (14+ years old) and is registered under CIN U74140WB2012PTC174313.
Innovace Advisors has 4 current directors:
- Mahesh Fogla - Director
- Binay Kishore Jha - Director
- Hargovind Sachdev - Director
- Surendra Kumar Singhi - Director
The latest financial statements of Innovace Advisors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Innovace Advisors is U74140WB2012PTC174313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovace Advisors was incorporated on 17 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Kolkata.
Binay Kishore Jha ceased to be Additional Director on 27 Sep 2023. Binay Kishore Jha was appointed as Director on 20 Mar 2023. Hargovind Sachdev ceased to be Additional Director on 26 Nov 2022. Innovace Advisors has 11 board changes on record in total.
Innovace Advisors can be reached through the website innovaceadvisors.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Innovace Advisors is at Raja Chambers Room No 8A Ground Floor 4 Kiran Shankar Roy Road, Kolkata, West Bengal, India – 700001.
Innovace Advisors operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Innovace Advisors is compliant as of 09 July 2026. The company is actively filing with the Registrar of Companies.
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