MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-TS-20-0007950
Innovare Labs Private Limited - pharma in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹76.64 Cr
▼ 8% YoY
Net loss · FY 2024
₹43.16 Cr
Net margin -56.3%
EBITDA · FY 2024
-₹28.34 Cr
EBITDA margin -37%
Authorised capital
₹20.5 Cr
Registered with MCA
Paid-up capital
₹20.17 Cr
Issued & subscribed
Open charges
₹192.74 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
425
Provident fund records
About Innovare Labs Private Limited
Data last updated:
Innovare Labs Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 02 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U24233TG2012PTC082289. Its GSTIN is 36AADCI0097H1ZL (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹20.17 Cr. It is led by directors including Ravi Tadikonda (Whole-Time Director) and Indukuri Venkata Sunil Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No: 64 Road No: 5 Aleap Industrial Estate Gajularamaram Pragathi Nagar, Hyderabad, Telangana, India – 500090.
As per the financials filed for FY 2024, the company reported a revenue of ₹76.64 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹43.16 Cr (net margin -56.3%) and EBITDA of -₹28.34 Cr (EBITDA margin -37%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 27% over five years.
The company has about 425 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Innovare Labs. As per MCA filings, the company has open charges of ₹192.74 Cr on record. Court records list 39 cases involving the company, including 4 filed by the company and 35 filed against it; 24 cases are pending.
Innovare Labs Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0007950). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovarelabs.com.
Company details
CIN U24233TG2012PTC082289
Registration Number 082289
Incorporation Date 02 August 2012
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-20-0007950
CIN history
Innovare Labs has one previous CIN (Corporate Identification Number): U24233AP2012PTC082289. The current CIN is U24233TG2012PTC082289, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24233TG2012PTC082289 | Current |
| U24233AP2012PTC082289 | Previous |
Key People
Ravi Tadikonda Whole-Time Director Indukuri Venkata Sunil Kumar Director Manda Venkat Ramana Reddy Director Recognitions & Rankings of Innovare Labs
Contact details
Innovare Labs Private Limited's registered office is in Hyderabad, Telangana. Its website is innovarelabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No: 64 Road No: 5 Aleap Industrial Estate Gajularamaram Pragathi Nagar, Hyderabad, Telangana, India – 500090
- IndustryPharma, API Manufacturers
To see the full contact details of Innovare Labs Private Limited, buy the company report.
Comprehensive company report
Innovare Labs Private Limited - one report that includes everything
- 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
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Brands
Innovare Labs operates one associated brand: Innovare Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| APIs and intermediates are supplied to global pharmaceutical companies. | innovarelabs.com |
Business activity
The main business activity of Innovare Labs is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Innovare Labs Private Limited, buy the company report.
Financials of Innovare Labs Private Limited
FY 2024 filings availableInnovare Labs Private Limited reported revenue of ₹76.64 Cr (down 8% YoY) for FY 2024.
Revenue · FY 2024
₹76.64 Cr ▼ 8%
Net loss · FY 2024
₹43.16 Cr margin -56.3%
EBITDA · FY 2024
-₹28.34 Cr margin -37%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 29%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 46%
5 years · compounded
▼ 119%
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 25% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹28.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹43.16 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37% | ||||
| Net Profit Margin | -56.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Innovare Labs Private Limited, buy the company report.
Board of directors of Innovare Labs Private Limited
Innovare Labs has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indukuri Venkata Sunil Kumar | Director | 29 Jun 2016 | 10 Years 3 Months | Current |
| Manda Venkat Ramana Reddy | Director | 02 Aug 2012 | 14 Years 2 Months | Current |
| Sunkary Venu Gopal | Director | 02 Aug 2012 | 14 Years 2 Months | Current |
| Ravi Tadikonda | Whole-Time Director | 02 Aug 2012 | 14 Years 2 Months | Current |
Peer comparison
Innovare Labs Private Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asence Pharma Private Limited | ₹77.56 Cr (FY 2025) | 19.0% | Vadodara, Gujarat, India | |||
| J P N Pharma Private Limited | ₹77.5 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Vimal Drugs Private Limited | ₹76.99 Cr (FY 2025) | 55.0% | Hyderabad, Telangana, India | |||
| Vineet Laboratories Limited | ₹76.98 Cr (FY 2025) | -49.0% | Hyderabad, Telangana, India | |||
| Innovare Labs Private Limitedthis company | ₹76.64 Cr (FY 2024) | -₹43.16 Cr | -56.3% | -8.0% | 425 | Hyderabad, Telangana, India |
| Aalidhra Pharmachem Private Limited | ₹74.98 Cr (FY 2024) | -16.0% | Surat, Gujarat, India | |||
| Seutic Labs Private Limited | ₹74.85 Cr (FY 2025) | -28.0% | Hyderabad, Telangana, India | |||
| Hoster Labs Private Limited | ₹74.69 Cr (FY 2024) | 0.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Innovare Labs Private Limited, buy the company report.
Auditor
Innovare Labs Private Limited is audited by RAMANA REDDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMANA REDDY & ASSOCIATES | FY 2023 | 003246S |
Shareholding
The shareholding of Innovare Labs 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 Innovare Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹192.74 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2022 | 100549804 | Others | ₹8 Cr | Open | |
| 29 Dec 2021 | 100523438 | Others | ₹11.68 Cr | Open | |
| 02 Nov 2021 | 100526267 | Others | ₹15 Lakh | Open | |
| 30 Mar 2021 | 100437483 | Others | ₹15 Cr | Open | |
| 05 Jan 2021 | 100462545 | Others | ₹14.56 Cr | Open |
To see the full charge records of Innovare Labs Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Innovare Labs Private Limited has 39 court cases on record: 4 filed by Innovare Labs, 35 filed against it. 24 cases are pending and 15 are disposed.
Total cases
39
Filed by the company
4
Filed against the company
35
Pending
24
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 32 | 23 |
| High courts | 4 | 3 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by SKS Glochem (I) Pvt. Ltd. Through Its Director Mr. Ganesh Kalyanasundaram | Pending |
| District court, Hyderabad CCC, Telangana | Court case (CC.NI) | Filed against the company by M/S. Amjey Chem Trade Private Limited Through Its Auth. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Mody Chemi Pharma Ltd Through Abhay Yashwant Rewale | Pending |
| District court, Hyderabad Central, Telangana | Cheque dishonour complaint | Filed against the company by M/S Sanjay Chemicals (India) Pvt Ltd., Rep. by Nilesh N. Shah | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by Sampatti New Life Private Limited Through Mrs Sushma Mithun Pawar | Pending |
To see the full case history of Innovare Labs Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Innovare Labs Private Limited was last rated by Care on 21 Nov 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 21 Nov 2025 |
To see the full credit ratings and regulatory alerts of Innovare Labs Private Limited, buy the company report.
MSME payment delays
Innovare Labs Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 38 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B S Innovative Private Limited | |||
| Sri Bhargavi Ammonia & Chemicals Private Limited | |||
| Subham Safety Solutions | |||
| Essenn Engineerings | |||
| Godavari Plasto Containers Private Limited |
To see the full MSME payment records of Innovare Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Innovare Labs Private Limited has a workforce of 425 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
425
Active EPFO establishments
1
Employee growth
17.08%
GST
Innovare Labs has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCI0097H1ZL | Telangana | Active | 01 Jul 2017 |
| 37AADCI0097H1ZJ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovare Labs Private Limited, buy the company report.
Recent activity
Innovare Labs Private Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Subrat Sahoo ceased to be Company Secretary on 10 Nov 2022.
AGM
Innovare Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Innovare Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Others of Rs. 8.00 Cr registered on 17 Mar 2022 with Charge ID 100549804 was modified on 26 Dec 2022.
Ceased
Subrat Sahoo ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 100549804 was registered on 17 Mar 2022.
Charges
A charge with Others of Rs. 11.68 Cr registered on 29 Dec 2021 with Charge ID 100523438 was modified on 15 Feb 2022.
Charges
A charge with Others of Rs. 15.00 Cr registered on 30 Mar 2021 with Charge ID 100437483 was modified on 15 Feb 2022.
Charges
A charge with Others of Rs. 14.56 Cr registered on 05 Jan 2021 with Charge ID 100462545 was modified on 15 Feb 2022.
Charges
A charge with Others of Rs. 25.00 Cr registered on 16 Dec 2020 with Charge ID 100404520 was modified on 15 Feb 2022.
Charges
A charge with Others of Rs. 88.35 Cr registered on 06 Jun 2017 with Charge ID 100105789 was modified on 15 Feb 2022.
Charges
A charge with Others amounted to Rs. 11.68 Cr with Charge ID 100523438 was registered on 29 Dec 2021.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100526267 was registered on 02 Nov 2021.
17 earlier events are in the company report.
Frequently asked questions
Innovare Labs is an active private limited company based in Hyderabad, Telangana, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 02 August 2012 (14+ years old) and is registered under CIN U24233TG2012PTC082289.
Innovare Labs has 4 current directors:
- Ravi Tadikonda - Whole-Time Director
- Indukuri Venkata Sunil Kumar - Director
- Manda Venkat Ramana Reddy - Director
- Sunkary Venu Gopal - Director
The latest financial statements of Innovare Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovare Labs is 36AADCI0097H1ZL, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AADCI0097H1ZJ (Andhra Pradesh).
The CIN (Corporate Identification Number) of Innovare Labs is U24233TG2012PTC082289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovare Labs has 39 court cases on record: 4 filed by the company and 35 filed against it. 24 are pending. Most are in the district courts.
Innovare Labs was incorporated on 02 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Innovare Labs by revenue are Asence Pharma Private Limited, J P N Pharma Private Limited, Vimal Drugs Private Limited, Vineet Laboratories Limited, Aalidhra Pharmachem Private Limited and 2 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Subrat Sahoo ceased to be Company Secretary on 10 Nov 2022. Tadikonda Ravi ceased to be Managing Director on 11 Oct 2021. Sunkary Venu Gopal ceased to be Whole-Time Director on 11 Jun 2019. Innovare Labs has 9 board changes on record in total.
Yes, Innovare Labs is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-20-0007950).
Innovare Labs has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 38 overdue payments to 6 micro and small suppliers. The latest return was filed on 31 Jul 2019.
Innovare Labs can be reached through the website innovarelabs.com. Its registered office is in Hyderabad, Telangana, India.