Innovate Operations (India) Private Limited
About Innovate Operations (India) Private Limited
Data last updated:
Innovate Operations (India) Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Innovate Mr. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2014PTC271601. Its GSTIN is 07AADCI6274L1Z6 (Delhi).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sandeep Kumar Singh and Maulikkumar Rameshchandra Chandarana.
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 B1 /H3 Mohan Co – Operative, Industrial Area Mathura Road New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.6 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 6.7%) and EBITDA of ₹2.34 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 35% over five years.
The company has about 129 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovate Operations (India) Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB1 /H3 Mohan Co – Operative, Industrial Area Mathura Road New Delhi, Delhi, India – 110044
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Innovate Operations (India) 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 Innovate Operations (India) is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Innovate Operations (India) Private Limited, buy the company report.
Financials of Innovate Operations (India) Private Limited
FY 2024 filings availableInnovate Operations (India) Private Limited reported revenue of ₹23.6 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 6% growth in the latest year. EBITDA rose 9% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.59 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 Innovate Operations (India) Private Limited, buy the company report.
Board of directors of Innovate Operations (India) Private Limited
Innovate Operations (India) has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Singh | Director | 19 Apr 2024 | 2 Years 6 Months | Current |
| Maulikkumar Rameshchandra Chandarana Also directs: Indi AI Systems Private Limited | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
| Lisa Marie Brown | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
Auditor
Innovate Operations (India) Private Limited is audited by Bhagi Bhardwaj Gaur & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bhagi Bhardwaj Gaur & Co. | FY 2023 | 007895N |
Shareholding
The shareholding of Innovate Operations (India) 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 Innovate Operations (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovate Operations (India) 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 Innovate Operations (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Innovate Operations (India) Private Limited has a workforce of 129 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Innovate Operations (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCI6274L1Z6 | Delhi | Active | 02 Sep 2017 |
To see the full GST registrations and return filing status of Innovate Operations (India) Private Limited, buy the company report.
Recent activity
Innovate Operations (India) Private Limited has 15 board changes on record since 2015: 3 appointments and 12 cessations. The latest: Sandeep Kumar Singh ceased to be Additional Director on 29 Sep 2024.
6 earlier events are in the company report.
Frequently asked questions
Innovate Operations (India) is an active private limited company based in New Delhi, Delhi, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 September 2014 (12+ years old) and is registered under CIN U74140DL2014PTC271601.
Innovate Operations (India) has 3 current directors:
- Sandeep Kumar Singh - Director
- Maulikkumar Rameshchandra Chandarana - Director
- Lisa Marie Brown - Director
The latest financial statements of Innovate Operations (India) 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 Innovate Operations (India) is 07AADCI6274L1Z6, registered in Delhi.
The CIN (Corporate Identification Number) of Innovate Operations (India) is U74140DL2014PTC271601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovate Operations (India) was incorporated on 15 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Sandeep Kumar Singh ceased to be Additional Director on 29 Sep 2024. Sandeep Kumar Singh was appointed as Director on 19 Apr 2024. Lisa Marie Brown ceased to be Additional Director on 30 Sep 2022. Innovate Operations (India) has 15 board changes on record in total.
The registered office of Innovate Operations (India) is at B1 H3 Mohan Co – Operative, Industrial Area Mathura Road New Delhi, Delhi, India – 110044.
Innovate Operations (India) operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Innovate Operations (India) is compliant as of 19 July 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
