MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0024253
Innovation Filter Systems Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.89 Cr
▼ 5% YoY
Net profit · FY 2024
₹86.41 Lakh
Net margin 11%
EBITDA · FY 2024
₹1.28 Cr
EBITDA margin 16.2%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹13.93 Lakh
Issued & subscribed
Open charges
₹3 Lakh
Satisfied ₹12 Lakh
Company age
27 yrs
Est. 1999
Directors on board
4
As per MCA filings
About Innovation Filter Systems Private Limited
Data last updated:
Innovation Filter Systems Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 23 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29197PN1999PTC013844. Its GSTIN is 27AAACI6213Q1ZA (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹13.93 Lakh. It is led by directors including Manasi Milind Vaidya and Milind Madhav Vaidya.
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 Block No. 7 Gat No. 281/1 Kasar Amboli Ghotawade Phata Tal Mulshi, Pune, Maharashtra, India – 412111.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.89 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹86.41 Lakh (net margin 11%) and EBITDA of ₹1.28 Cr (EBITDA margin 16.2%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹3 Lakh and satisfied charges of ₹12 Lakh on record.
Innovation Filter Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0024253). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovationfilter.com.
Company Details of Innovation Filter Systems Private Limited
CIN U29197PN1999PTC013844
Registration Number 013844
Incorporation Date 23 July 1999
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0024253
Key People
Manasi Milind Vaidya Director Milind Madhav Vaidya Director Ajinkya Aniket Kelkar Director Recognitions & Rankings of Innovation Filter Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock No. 7 Gat No. 281/1 Kasar Amboli Ghotawade Phata Tal Mulshi, Pune, Maharashtra, India – 412111
- IndustryMachinery and Equipment, Industrial Tools & Components
Comprehensive company report
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Business Activity of Innovation Filter Systems Private Limited
The main business activity of Innovation Filter Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Innovation Filter Systems Private Limited FY 2025 filings available
Innovation Filter Systems Private Limited reported revenue of ₹7.89 Cr (down 5% YoY) for FY 2024.
Revenue · FY 2024
₹7.89 Cr ▼ 5%
Net profit · FY 2024
₹86.41 Lakh margin 11%
EBITDA · FY 2024
₹1.28 Cr margin 16.2%
Compounded Annual Growth Rate (CAGR) of Innovation Filter Systems Private Limited
Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 28%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 27%
5 years · compounded
▲ 10%
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 5% 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 Innovation Filter Systems 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 | ₹1.28 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹86.41 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 Innovation Filter Systems 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 | 11% | •••• | •••• | •••• | •••• |
| 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 Innovation Filter Systems are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Innovation Filter Systems Private Limited
Innovation Filter Systems has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manasi Milind Vaidya Also directs: Plastotech Engineers Pvt Ltd | Director | 23 Jul 1999 | 27 Years 2 Months | Current |
| Milind Madhav Vaidya Also directs: Plastotech Engineers Pvt Ltd | Director | 23 Jul 1999 | 27 Years 2 Months | Current |
| Ajinkya Aniket Kelkar Also directs: Plastotech Engineers Pvt Ltd, Transor India Private Limited | Director | 10 Aug 2015 | 11 Years 2 Months | Current |
| Salil Milind Vaidya Also directs: Plastotech Engineers Pvt Ltd, Transor India Private Limited | Director | 16 May 2016 | 10 Years 5 Months | Current |
Peer Comparison of Innovation Filter Systems Private Limited
Innovation Filter Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arntz Techsaw Private Limited | ₹7.93 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Indore, Madhya Pradesh, India |
| Broach Technology (India) Private Limited | ₹7.92 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Aurangabad, Maharashtra, India |
| Kinben Innovation Private Limited | ₹7.92 Cr (FY 2025) | •••• | •••• | 214.0% | •••• | Delhi, India |
| Mim Engineering India Limited | ₹7.9 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
| Best Pulleys & Couplings Private Limited | ₹7.9 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Tamil Nadu, India |
| Innovation Filter Systems Private Limited this company | ₹7.89 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Pune, Maharashtra, India |
| Jai Bhavani Mata Metworks Private Limited | ₹7.87 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Pune, Maharashtra, India |
| Sanghvi Brothers Trading Pvt. Ltd. | ₹7.84 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Hardwin Fastners Private Limited | ₹7.83 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| Realm Intermediates Private Limited | ₹7.82 Cr (FY 2022) | •••• | •••• | 97.0% | •••• | Mumbai, Maharashtra, India |
| Electwell Engineers Private Limited | ₹7.82 Cr (FY 2025) | •••• | •••• | 89.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovation Filter Systems by revenue in the Machinery and Equipment industry (Tools and Components), 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 Innovation Filter Systems Private Limited
Innovation Filter Systems Private Limited is audited by M A P S & COMPANY for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M A P S & COMPANY | 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 Innovation Filter Systems Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Innovation Filter Systems Private Limited
Open charges
₹3 Lakh
Satisfied charges
₹12 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Dec 1999 | Bank of Maharashtra | ₹3 Lakh | Open |
| 05 Jan 2001 | Bank of Maharashtra | ₹12 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Innovation Filter Systems Private Limited
Employment history and EPFO contributions of people linked to Innovation Filter Systems.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Innovation Filter Systems Private Limited
Innovation Filter Systems has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity on Innovation Filter Systems Private Limited
Innovation Filter Systems Private Limited has 10 board changes on record since 1999: 5 appointments and 5 cessations. The latest: Prabhakar Sadashiv Gokhale ceased to be Director on 21 Mar 2025.
AGM
Innovation Filter Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovation Filter Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Prabhakar Sadashiv Gokhale ceased to be Director.
Charges
A charge registered on 05 Jan 2001 via Charge ID 90085605 with Bank Of Maharashtra was fully satisfied on 29 Jun 2020.
Ceased
Kirti Prabhakar Gokhale ceased to be Director.
Ceased
Salil Milind Vaidya ceased to be Additional Director.
Appointed
Salil Milind Vaidya was appointed as Director.
Appointed
Ajinkya Aniket Kelkar was appointed as Director.
Charges
A charge with Bank Of Maharashtra of Rs. 12.00 Lakh registered on 05 Jan 2001 with Charge ID 90085605 was modified on 10 Jan 2014.
Ceased
Kiran Rajiv Deshpande ceased to be Director.
Ceased
Rajiv Purushottam Deshpande ceased to be Director.
Charges
A charge with Bank Of Maharashtra amounted to Rs. 12.00 Lakh with Charge ID 90085605 was registered on 05 Jan 2001.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innovation Filter Systems Private Limited
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MSME Payment Delays by Innovation Filter Systems Private Limited
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Subsidiaries & Group Companies of Innovation Filter Systems Private Limited
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GST Compliance of Innovation Filter Systems Private Limited
Innovation Filter Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6213Q1ZA | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Innovation Filter Systems Private Limited
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Frequently Asked Questions about Innovation Filter Systems Private Limited
Innovation Filter Systems is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 23 July 1999 (27+ years old) and is registered under CIN U29197PN1999PTC013844.
Innovation Filter Systems reported revenue of ₹7.89 Cr for FY 2024 (down 5% YoY).
Innovation Filter Systems has 4 current directors:
- Manasi Milind Vaidya - Director
- Milind Madhav Vaidya - Director
- Ajinkya Aniket Kelkar - Director
- Salil Milind Vaidya - Director
Innovation Filter Systems reported a net profit of ₹86.41 Lakh (net margin 11%) and EBITDA of ₹1.28 Cr (EBITDA margin 16.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovation Filter Systems is 28% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovation Filter Systems is 27AAACI6213Q1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovation Filter Systems is U29197PN1999PTC013844. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovation Filter Systems was incorporated on 23 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Innovation Filter Systems by revenue are Arntz Techsaw Private Limited, Broach Technology (India) Private Limited, Kinben Innovation Private Limited, Mim Engineering India Limited, Best Pulleys & Couplings Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Prabhakar Sadashiv Gokhale ceased to be Director on 21 Mar 2025. Kirti Prabhakar Gokhale ceased to be Director on 26 Jul 2019. Salil Milind Vaidya ceased to be Additional Director on 30 Sep 2016. Innovation Filter Systems has 10 board changes on record in total.
Yes, Innovation Filter Systems is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0024253).