About Innovassynth Technologies (India ) Limited
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Innovassynth Technologies (India ) Limited is a public limited company based in Khopoli, Maharashtra, India, a subsidiary of Globus Stores Private Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 04 December 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH2001PLC134105. Its GSTIN is 27AAACI8899L1ZO (Maharashtra).
The company has an authorised share capital of ₹76 Cr and a paid-up capital of ₹75.02 Cr. It is led by directors including Hardik Mahesh Joshipura (Managing Director) and Viren Rajan Raheja.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Innovassynth Technologies (India) Limited Old Mumbai – Pune Road, Khopoli, Maharashtra, India – 410203.
As per the financials filed for FY 2025, the company reported a revenue of ₹117.57 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹13.94 Cr (net margin -11.9%) and EBITDA of -₹4.67 Cr (EBITDA margin -4%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 5% over five years.
The company has about 293 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Innovassynth Technologies. As per MCA filings, the company has open charges of ₹66.24 Cr and satisfied charges of ₹107.95 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovassynth.com.
- EmailLocked
- TelephoneLocked
- Website
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- Registered AddressInnovassynth Technologies (India) Limited Old Mumbai – Pune Road, Khopoli, Maharashtra, India – 410203
- IndustryChemicals and Materials, Specialty Chemicals
- 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
Associated Brands with Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) operates one associated brand: Innovassynth Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Contract research, custom synthesis, and manufacturing services are provided. | innovassynth.com |
Business Activity of Innovassynth Technologies (India ) Limited
The main business activity of Innovassynth Technologies (India ) is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Innovassynth Technologies (India ) Limited FY 2025 filings available
Innovassynth Technologies (India ) Limited reported revenue of ₹117.57 Cr (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innovassynth Technologies (India ) Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 27% fall in the latest year. EBITDA fell 137% 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 Innovassynth Technologies (India ) Limited
| 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 | -₹4.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.94 Cr | •••• | •••• | •••• | •••• |
| 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 Innovassynth Technologies (India ) Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -11.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Innovassynth Technologies (India ) 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 Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viren Rajan Raheja | Director | 25 Jun 2008 | 18 Years 3 Months | Current |
| Prosenjit Gupta Also directs: Innovassynth Technologies (India) Limited | Director | 25 Aug 2023 | 3 Years 1 Months | Current |
| Ameeta Aziz Parpia Also directs: Innovassynth Technologies (India) Limited, Eih Associated Hotels Limited, The Supreme Industries Limited and 1 more | Additional Director | 17 Mar 2025 | 1 Years 7 Months | Current |
| Akshay Rajan Raheja | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Hardik Mahesh Joshipura Also directs: Innovassynth Technologies (India) Limited | Managing Director | 15 Nov 2021 | 4 Years 11 Months | Current |
Peer Comparison of Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) Limited is compared with the companies closest to it by revenue in the Chemicals industry (Specialty Chemicals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adarsha Specialty Chemicals Private Limited | ₹120.16 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Kora, Karnataka, India |
| Alcokraft Distilleries Limited Listed | ₹119.89 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Pune, Maharashtra, India |
| Convergence Chemicals Private Limited | ₹119.83 Cr (FY 2021) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Apurva Chemicals Private Limited | ₹119.45 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Vapi, Gujarat, India |
| Arofine Polymers Private Limited | ₹117.76 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| Innovassynth Technologies (India ) Limited this company | ₹117.57 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Khopoli, Maharashtra, India |
| Paragon Fine and Speciality Chemical Limited | ₹117.12 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Ahmedabad, Gujarat, India |
| Shree Ganeshji Gums Private Limited | ₹117.06 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Hisar, Haryana, India |
| Novaphene Specialities Private Limited | ₹116.99 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| Ajanta Polymers Private Limited | ₹116.46 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| S.R. Drugs and Intermediates Pvt.Ltd. | ₹115.49 Cr (FY 2025) | •••• | •••• | -76.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Innovassynth Technologies (India ) by revenue in the Chemicals industry (Specialty Chemicals), 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 Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS LLP | 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 Innovassynth Technologies (India ) 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 Innovassynth Technologies (India ) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Oct 2012 | Axis Bank Limited | ₹66.24 Cr | Open |
| 21 Feb 2022 | Axis Bank Limited | ₹21 Cr | Satisfied |
| 14 Dec 2018 | Axis Bank Limited | ₹1.5 Cr | Satisfied |
| 27 Apr 2018 | Axis Bank Limited | ₹5 Cr | Satisfied |
| 29 Jul 2017 | Axis Bank Limited | ₹12.65 Cr | Satisfied |
Total charge records: 16 View all charges
MSME Payment Delays by Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) Limited has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 609 overdue payments to 66 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 66)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jubilant Pharma and Chemical Lab (OPC) Private Limited | •••• | •••• | •••• |
| Oviani Pharma Chem Private Limited | •••• | •••• | •••• |
| Om Gases & Chemicals | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) Limited has a workforce of 293 employees as of Apr 06, 2025.
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 Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) Limited has 25 board changes on record since 2008: 7 appointments and 18 cessations. The latest: Shrikant Prakash Joshi was appointed as Company Secretary on 27 May 2025.
54 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innovassynth Technologies (India ) 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.
Subsidiaries & Group Companies of Innovassynth Technologies (India ) 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 Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI8899L1ZO | Maharashtra | Active | 01 Jul 2017 |
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 Innovassynth Technologies (India ) 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 Innovassynth Technologies (India ) Limited
Frequently Asked Questions about Innovassynth Technologies (India ) Limited
Innovassynth Technologies (India ) is an active public limited company based in Khopoli, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 04 December 2001 (25+ years old) and is registered under CIN U24110MH2001PLC134105.
Innovassynth Technologies (India ) reported revenue of ₹117.57 Cr for FY 2025 (down 27% YoY).
Innovassynth Technologies (India ) has 5 current directors:
- Hardik Mahesh Joshipura - Managing Director
- Viren Rajan Raheja - Director
- Prosenjit Gupta - Director
- Ameeta Aziz Parpia - Additional Director
- Akshay Rajan Raheja - Director
Innovassynth Technologies (India ) reported a net loss of ₹13.94 Cr (net margin -11.9%) and EBITDA of -₹4.67 Cr (EBITDA margin -4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovassynth Technologies (India ) is -17% over three years and -5% over five years. In the latest year (FY 2025) revenue fell 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovassynth Technologies (India ) is 27AAACI8899L1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovassynth Technologies (India ) is U24110MH2001PLC134105. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovassynth Technologies (India ) was incorporated on 04 December 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovassynth Technologies (India ) by revenue are Adarsha Specialty Chemicals Private Limited, Alcokraft Distilleries Limited, Convergence Chemicals Private Limited, Apurva Chemicals Private Limited, Arofine Polymers Private Limited and 5 more, all in the Chemicals industry (Specialty Chemicals).
Shrikant Prakash Joshi was appointed as Company Secretary on 27 May 2025. Ameeta Aziz Parpia was appointed as Additional Director on 17 Mar 2025. Prosenjit Gupta ceased to be Additional Director on 08 Aug 2024. Innovassynth Technologies (India ) has 25 board changes on record in total.
Innovassynth Technologies (India ) has 3 MSME Form 1 returns on record for the period ending Mar 2019, listing 609 overdue payments to 66 micro and small suppliers. The latest return was filed on 01 Jun 2019.
Innovassynth Technologies (India ) can be reached through the website innovassynth.com. Its registered office is in Khopoli, Maharashtra, India.