Innovate Services Private Limited
About Innovate Services Private Limited
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Innovate Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 21 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2007PTC050063. Its GSTIN is 24AABCI6378M1Z5 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Shripali Paras Ajmera and Hansaben Kishorbhai Ajmera.
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 A – 1011 Atma House Opp. Reserve Bank Of India Ashram Raod, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹97.57 Lakh, a growth of 143% compared to the previous year. For the same year it recorded a net profit of ₹72.66 Lakh (net margin 74.5%) and EBITDA of ₹91.82 Lakh (EBITDA margin 94.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 28% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovate Services Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 1011 Atma House Opp. Reserve Bank Of India Ashram Raod, Ahmedabad, Gujarat, India – 380009
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Innovate Services 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
Financials of Innovate Services Private Limited
FY 2025 filings availableInnovate Services Private Limited reported revenue of ₹97.57 Lakh (up 143% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 143% growth in the latest year. EBITDA rose 154% 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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| EBITDA | ₹91.82 Lakh | ||||
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| Net Profit (PAT) | ₹72.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 94.1% | ||||
| Net Profit Margin | 74.5% | ||||
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To see the full financial statements and ratios of Innovate Services Private Limited, buy the company report.
Board of directors of Innovate Services Private Limited
Innovate Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shripali Paras Ajmera | Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Hansaben Kishorbhai Ajmera | Director | 23 Jul 2012 | 14 Years 3 Months | Current |
| Ajmera Meghaben Paragbhai | Director | 21 Feb 2007 | 19 Years 8 Months | Current |
Peer comparison
Innovate Services Private Limited is compared with the 10 companies closest to it by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pink Vatika Homes Private Limited | ₹97.71 Lakh (FY 2025) | 226.0% | Patna, Bihar, India | |||
| Mahavir Metropolis Private Limited | ₹97.71 Lakh (FY 2019) | 86.0% | Gopalpur, Odisha, India | |||
| Gambhir Infrastructure Private Limited | ₹97.69 Lakh (FY 2023) | 3.0% | New Delhi, Delhi, India | |||
| Anujkshitij Constructions Private Limited | ₹97.65 Lakh (FY 2025) | 109.0% | Lucknow, Uttar Pradesh, India | |||
| Aquashield Services Private Limited | ₹97.59 Lakh (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Innovate Services Private Limitedthis company | ₹97.57 Lakh (FY 2024) | ₹72.66 Lakh | 74.5% | 143.0% | Ahmedabad, Gujarat, India | |
| Prakash & Prakash Builders (1971) Pvt Ltd | ₹97.57 Lakh (FY 2024) | -62.0% | Kolkata, West Bengal, India | |||
| Wellington Infrastructure Private Limited | ₹97.54 Lakh (FY 2025) | 51.0% | Kolkata, West Bengal, India | |||
| KRSH Builders Private Limited | ₹97.53 Lakh (FY 2024) | -61.0% | Alwar, Rajasthan, India | |||
| RSDK Infracity Private Limited | ₹97.5 Lakh (FY 2025) | -85.0% | Agra, Uttar Pradesh, India | |||
| Surana Infrastructure Private Limited | ₹97.45 Lakh (FY 2025) | 318.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Innovate Services Private Limited, buy the company report.
Auditor
Innovate Services Private Limited is audited by V R SHAH & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R SHAH & ASSOCIATES | FY 2019 | 109828W |
Shareholding
The shareholding of Innovate Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innovate Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovate Services 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 Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovate Services has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCI6378M1Z5 | Gujarat | Active | 01 Jul 2017 |
| 27AABCI6378M1ZZ | Maharashtra | Active | 21 Aug 2018 |
To see the full GST registrations and return filing status of Innovate Services Private Limited, buy the company report.
Recent activity
Innovate Services Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Shripali Paras Ajmera ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Innovate Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 21 February 2007 (19+ years old) and is registered under CIN U74140GJ2007PTC050063.
Innovate Services has 3 current directors:
- Shripali Paras Ajmera - Director
- Hansaben Kishorbhai Ajmera - Director
- Ajmera Meghaben Paragbhai - Director
The latest financial statements of Innovate Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovate Services is 24AABCI6378M1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCI6378M1ZZ (Maharashtra).
The CIN (Corporate Identification Number) of Innovate Services is U74140GJ2007PTC050063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovate Services was incorporated on 21 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovate Services by revenue are Pink Vatika Homes Private Limited, Mahavir Metropolis Private Limited, Gambhir Infrastructure Private Limited, Anujkshitij Constructions Private Limited, Aquashield Services Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Shripali Paras Ajmera ceased to be Additional Director on 30 Sep 2022. Shripali Paras Ajmera was appointed as Director on 08 Aug 2022. Brijesh Arvindkumar Shah ceased to be Director on 23 Jul 2012. Innovate Services has 8 board changes on record in total.
The registered office of Innovate Services is at A – 1011 Atma House Opp. Reserve Bank Of India Ashram Raod, Ahmedabad, Gujarat, India – 380009.
Innovate Services operates in the infrastructure and utilities industry, in the general construction services segment.
The compliance status of Innovate Services is compliant as of 25 July 2026. The company is actively filing with the Registrar of Companies.