MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0076919
Innovartz IT Services Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹4.15 Cr
▼ 20% YoY
Net profit · FY 2024
₹6.46 Lakh
Net margin 1.6%
EBITDA · FY 2024
₹67.32 Lakh
EBITDA margin 16.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Innovartz IT Services Private Limited
Data last updated:
Innovartz IT Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 23 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72502GJ2017PTC097993. Its GSTIN is 24AAECI5424M1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kaushal Anilkumar Patel and Purvi Kaushal Patel.
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 420 Fourth Floor Ratna High Street Nr Vishwesh Tower Naranpura Char Rasta, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.15 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹6.46 Lakh (net margin 1.6%) and EBITDA of ₹67.32 Lakh (EBITDA margin 16.2%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
Innovartz IT Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0076919). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website digi3.in.
Company Details of Innovartz IT Services Private Limited
CIN U72502GJ2017PTC097993
Registration Number 097993
Incorporation Date 23 June 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0076919
Recognitions & Rankings of Innovartz IT Services
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address420 Fourth Floor Ratna High Street Nr Vishwesh Tower Naranpura Char Rasta, Ahmedabad, Gujarat, India – 380013
- IndustryInformation Technology, IT Consulting & Support Services
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Business Activity of Innovartz IT Services Private Limited
The main business activity of Innovartz IT Services is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Innovartz IT Services Private Limited FY 2025 filings available
Innovartz IT Services Private Limited reported revenue of ₹4.15 Cr (down 20% YoY) for FY 2024.
Revenue · FY 2024
₹4.15 Cr ▼ 20%
Net profit · FY 2024
₹6.46 Lakh margin 1.6%
EBITDA · FY 2024
₹67.32 Lakh margin 16.2%
Compounded Annual Growth Rate (CAGR) of Innovartz IT Services Private Limited
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▼ 33%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 84%
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 20% fall in the latest year. EBITDA fell 4% 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 Innovartz IT Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹67.32 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.46 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 Innovartz IT Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 Innovartz IT Services are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Innovartz IT Services Private Limited
Innovartz IT Services has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushal Anilkumar Patel Also directs: Technovartz AI Services Private Limited | Director | 23 Jun 2017 | 9 Years 3 Months | Current |
| Purvi Kaushal Patel Also directs: Technovartz AI Services Private Limited | Director | 23 Jun 2017 | 9 Years 3 Months | Current |
Peer Comparison of Innovartz IT Services Private Limited
Innovartz IT Services Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other information & communication service 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 |
|---|---|---|---|---|---|---|
| Prognos India Health Private Limited | ₹4.16 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Bangalore, Karnataka, India |
| Ramprasad Meena Technologies Private Limited | ₹4.16 Cr (FY 2025) | •••• | •••• | 729.0% | •••• | Gandhinagar, Gujarat, India |
| Fdeck Technologies India Private Limited | ₹4.16 Cr (FY 2022) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Nusecond Technologies Private Limited | ₹4.16 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Countquick Accounting Services Private Limited | ₹4.15 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Innovartz IT Services Private Limited this company | ₹4.15 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Ahmedabad, Gujarat, India |
| Omnifi AI Technology Private Limited | ₹4.15 Cr (FY 2024) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| ZDL Private Limited | ₹4.15 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Thane, Maharashtra, India |
| S&J Crest Infra Private Limited | ₹4.15 Cr (FY 2025) | •••• | •••• | 27551.0% | •••• | Dehradun, Uttarakhand, India |
| 7Dxperts India Private Limited | ₹4.15 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Bangalore, Karnataka, India |
| Traceroot Software Solutions Private Limited | ₹4.15 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Innovartz IT Services by revenue in the same principal business activity (Other information & communication service activities), 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 Innovartz IT Services Private Limited
Innovartz IT Services Private Limited is audited by BUDHARAJA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BUDHARAJA AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Innovartz IT Services Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Charges & Borrowings of Innovartz IT Services Private Limited
Innovartz IT Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Innovartz IT Services Private Limited
Employment history and EPFO contributions of people linked to Innovartz IT Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Innovartz IT Services Private Limited
Innovartz IT Services Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Kaushal Anilkumar Patel was appointed as Director on 23 Jun 2017.
AGM
Innovartz It Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovartz It Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Kaushal Anilkumar Patel was appointed as Director.
Appointed
Purvi Kaushal Patel was appointed as Director.
Incorporation
23 Jun 2017
Innovartz It Services Private Limited was registered on 23 Jun 2017 with Roc Ahmedabad & aged 9 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Innovartz IT Services Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Innovartz IT Services Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Innovartz IT Services Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Innovartz IT Services Private Limited
Innovartz IT Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI5424M1ZH | Gujarat | Active | 25 Jun 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Innovartz IT Services Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Innovartz IT Services Private Limited
Innovartz IT Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 23 June 2017 (9+ years old) and is registered under CIN U72502GJ2017PTC097993.
Innovartz IT Services reported revenue of ₹4.15 Cr for FY 2024 (down 20% YoY).
Innovartz IT Services has 2 current directors:
- Kaushal Anilkumar Patel - Director
- Purvi Kaushal Patel - Director
Innovartz IT Services reported a net profit of ₹6.46 Lakh (net margin 1.6%) and EBITDA of ₹67.32 Lakh (EBITDA margin 16.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovartz IT Services is -33% over three years. In the latest year (FY 2024) revenue fell 20%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovartz IT Services is 24AAECI5424M1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Innovartz IT Services is U72502GJ2017PTC097993. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovartz IT Services was incorporated on 23 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovartz IT Services by revenue are Prognos India Health Private Limited, Ramprasad Meena Technologies Private Limited, Fdeck Technologies India Private Limited, Nusecond Technologies Private Limited, Countquick Accounting Services Private Limited and 5 more, all in the same principal business activity (Other information & communication service activities).
Kaushal Anilkumar Patel was appointed as Director on 23 Jun 2017. Purvi Kaushal Patel was appointed as Director on 23 Jun 2017.
Yes, Innovartz IT Services is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0076919).