About Innovar Consultancy Private Limited
Data last updated:
Innovar Consultancy Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 08 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74100MH2005PTC153844. Its GSTIN is 27AABCI3921L1ZI (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Komal Niraj Bhukhanwala and Deepak Pranjivandas Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.67 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹31.52 Lakh (net margin 18.9%) and EBITDA of ₹42.16 Lakh (EBITDA margin 25.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 10% 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 innovarip.com.
Company details
Contact details
Innovar Consultancy Private Limited's registered office is in Mumbai, Maharashtra. Its website is innovarip.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8th Flr Bhukhanvala Chambers B – 28 Veera Indl Est. Cts 595 Village Oshiwara Off Link Road A, Ndheri (W), Mumbai, Maharashtra, India – 400053
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Innovar Consultancy 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 Innovar Consultancy is professional, scientific and technical activities. In detail, this covers activities of head offices; management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 70 | Activities of head offices; management consultancy activities |
To see the full business activity and turnover split of Innovar Consultancy Private Limited, buy the company report.
Financials of Innovar Consultancy Private Limited
FY 2025 filings availableInnovar Consultancy Private Limited reported revenue of ₹1.67 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 22% 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 |
|---|---|---|---|---|---|
| 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 | ₹42.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.52 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.3% | ||||
| Net Profit Margin | 18.9% | ||||
| 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 Innovar Consultancy Private Limited, buy the company report.
Board of directors of Innovar Consultancy Private Limited
Innovar Consultancy has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Komal Niraj Bhukhanwala | Director | 18 Jun 2005 | 21 Years 4 Months | Current |
| Deepak Pranjivandas Shah Also directs: Hexagon Containers Private Limited, Nourishag Global Private Limited, SML Limited and 5 more | Director | 18 Jun 2005 | 21 Years 4 Months | Current |
Auditor
Innovar Consultancy Private Limited is audited by PARVATHY GANESH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARVATHY GANESH | FY 2023 | 132282 |
Shareholding
The shareholding of Innovar Consultancy 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 Innovar Consultancy Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovar Consultancy 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 Innovar Consultancy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovar Consultancy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI3921L1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovar Consultancy Private Limited, buy the company report.
Recent activity
Innovar Consultancy Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Deepak Pranjivandas Shah was appointed as Director on 18 Jun 2005.
Frequently asked questions
Innovar Consultancy is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 08 June 2005 (21+ years old) and is registered under CIN U74100MH2005PTC153844.
Innovar Consultancy has 2 current directors:
- Komal Niraj Bhukhanwala - Director
- Deepak Pranjivandas Shah - Director
The latest financial statements of Innovar Consultancy 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 Innovar Consultancy is 27AABCI3921L1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovar Consultancy is U74100MH2005PTC153844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovar Consultancy was incorporated on 08 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Deepak Pranjivandas Shah was appointed as Director on 18 Jun 2005. Komal Niraj Bhukhanwala was appointed as Director on 18 Jun 2005.
Innovar Consultancy can be reached through the website innovarip.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Innovar Consultancy is at 8th Flr Bhukhanvala Chambers B – 28 Veera Indl Est. Cts 595 Village Oshiwara Off Link Road A, Ndheri W, Mumbai, Maharashtra, India – 400053.
Innovar Consultancy operates in the business outsourcing industry, in the business and IT consulting segment.