About Innovare Technologies Private Limited
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Innovare Technologies Private Limited is a foreign private limited company based in Hyderabad, Telangana, India, a subsidiary of Innovare Technologies Inc. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 29 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2012FTC084466. Its GSTIN is 36AADCI1112R1ZI (Telangana).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Depuru Kallyaan and Depuru Siva Soumya.
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 First Floor Jyothi Pinnacle No. 11 Kondapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2021, the company reported a revenue of ₹71.5 Lakh, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹5.44 Lakh (net margin 7.6%) and EBITDA of ₹8.85 Lakh (EBITDA margin 12.4%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 27% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovaretech.com.
CIN History of Innovare Technologies Private Limited
Innovare Technologies has one previous CIN (Corporate Identification Number): U72200AP2012FTC084466. The current CIN is U72200TG2012FTC084466, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2012FTC084466 | Current |
| U72200AP2012FTC084466 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFirst Floor Jyothi Pinnacle No. 11 Kondapur, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Software Development & Support Services, IT Consulting & Support Services
- 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 Innovare Technologies Private Limited
The main business activity of Innovare Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related 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 Innovare Technologies Private Limited FY 2024 filings available
Innovare Technologies Private Limited reported revenue of ₹71.5 Lakh (up 35% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Innovare Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 35% growth in the latest year. EBITDA rose 23% 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 Innovare Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | ₹8.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.44 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 of Innovare Technologies Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.6% | •••• | •••• | •••• | •••• |
| 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 Innovare Technologies are in the company report.
Financial statements from 2015
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.
Board of Directors of Innovare Technologies Private Limited
Innovare Technologies has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Depuru Kallyaan | Director | 21 Nov 2015 | 10 Years 11 Months | Current |
| Depuru Siva Soumya | Director | 29 Nov 2012 | 13 Years 10 Months | Current |
| Kaza Maruthi Srinivasa | Director | 29 Nov 2012 | 13 Years 10 Months | Current |
Peer Comparison of Innovare Technologies Private Limited
Innovare Technologies Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Consulting and Services, Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thoughtverve Private Limited | ₹71.73 Lakh (FY 2024) | •••• | •••• | 370.0% | •••• | Bangalore, Karnataka, India |
| Pearlshell Softech Private Limited | ₹71.69 Lakh (FY 2025) | •••• | •••• | -44.0% | •••• | Pune, Maharashtra, India |
| Miracuves Solutions Private Limited | ₹71.66 Lakh (FY 2025) | •••• | •••• | 127.0% | •••• | Mumbai, Maharashtra, India |
| Feeltech Solutions Private Limited | ₹71.62 Lakh (FY 2024) | •••• | •••• | 146.0% | •••• | Ahmedabad, Gujarat, India |
| Mana HC Info Private Limited | ₹71.5 Lakh (FY 2024) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Innovare Technologies Private Limited this company | ₹71.5 Lakh (FY 2021) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Spectrum Computer and Management Consultancy Private Limited | ₹71.49 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Pune, Maharashtra, India |
| Multiqo Fintech Private Limited | ₹71.48 Lakh (FY 2025) | •••• | •••• | -9.0% | •••• | Gandhinagar, Gujarat, India |
| Magna Digitech India Private Limited | ₹71.45 Lakh (FY 2016) | •••• | •••• | 4.0% | •••• | Coimbatore, Tamil Nadu, India |
| Pgagi Consultancy Private Limited | ₹71.44 Lakh (FY 2025) | •••• | •••• | 1507.0% | •••• | Sadar, Tripura, India |
| Epaisa Soe Private Limited | ₹71.43 Lakh (FY 2025) | •••• | •••• | -76.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovare Technologies by revenue in the Information Technology industry (IT Consulting and Services, Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Innovare Technologies Private Limited
Innovare Technologies Private Limited is audited by JAI K SHAH & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JAI K SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Innovare Technologies 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 Innovare Technologies Private Limited
Innovare Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovare Technologies Private Limited
Innovare Technologies Private Limited has a workforce of 5 employees as of Mar 29, 2024.
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 Innovare Technologies Private Limited
Innovare Technologies Private Limited has 4 board changes on record since 2012: 3 appointments and 1 cessation. The latest: Depuru Kallyaan ceased to be Additional Director on 30 Sep 2016.
Credit Ratings, Litigation & Regulatory Alerts for Innovare Technologies 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 Innovare Technologies 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 Innovare Technologies 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 Innovare Technologies Private Limited
Innovare Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AADCI1112R1ZI | Telangana | Active | 14 Aug 2018 |
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 Innovare Technologies 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.
Related news about Innovare Technologies Private Limited
Frequently Asked Questions about Innovare Technologies Private Limited
Innovare Technologies is an active foreign private limited company based in Hyderabad, Telangana, India. The company works in software development and support services, within the information technology industry. It was incorporated on 29 November 2012 (14+ years old) and is registered under CIN U72200TG2012FTC084466.
Innovare Technologies reported revenue of ₹71.5 Lakh for FY 2021 (up 35% YoY).
Innovare Technologies has 3 current directors:
- Depuru Kallyaan - Director
- Depuru Siva Soumya - Director
- Kaza Maruthi Srinivasa - Director
Innovare Technologies reported a net profit of ₹5.44 Lakh (net margin 7.6%) and EBITDA of ₹8.85 Lakh (EBITDA margin 12.4%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovare Technologies is 31% over three years and 27% over five years. In the latest year (FY 2021) revenue rose 35%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovare Technologies is 36AADCI1112R1ZI, registered in Telangana.
The CIN (Corporate Identification Number) of Innovare Technologies is U72200TG2012FTC084466. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovare Technologies was incorporated on 29 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Innovare Technologies by revenue are Thoughtverve Private Limited, Pearlshell Softech Private Limited, Miracuves Solutions Private Limited, Feeltech Solutions Private Limited, Mana HC Info Private Limited and 5 more, all in the Information Technology industry (IT Consulting and Services, Software Services).
Depuru Kallyaan ceased to be Additional Director on 30 Sep 2016. Depuru Kallyaan was appointed as Director on 21 Nov 2015. Depuru Siva Soumya was appointed as Director on 29 Nov 2012. Innovare Technologies has 4 board changes on record in total.
Innovare Technologies can be reached through the website innovaretech.com. Its registered office is in Hyderabad, Telangana, India.