Innovations Garment Private Limited
About Innovations Garment Private Limited
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Innovations Garment Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 02 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U18100MH1994PTC076375. Its GSTIN is 27AAACI3468H1ZI (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.01 Cr and a paid-up capital of ₹2 Cr. It is led by directors Harsh Pavan Podar and Gaurav Pavan Podar.
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 Podar Chamberssayyed Abdulla Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.96 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹30.66 Lakh (net margin 15.7%) and EBITDA of ₹56.36 Lakh (EBITDA margin 28.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 36% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
Court records list 43 cases involving the company, including 41 filed by the company and 2 filed against it; 30 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovations Garment Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPodar Chamberssayyed Abdulla Brelvi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Innovations Garment 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 Innovations Garment is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Innovations Garment Private Limited, buy the company report.
Financials of Innovations Garment Private Limited
FY 2025 filings availableInnovations Garment Private Limited reported revenue of ₹1.96 Cr (down 94% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 94% fall in the latest year. EBITDA fell 95% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹56.36 Lakh | ||||
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| Net Profit (PAT) | ₹30.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 28.8% | ||||
| Net Profit Margin | 15.7% | ||||
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To see the full financial statements and ratios of Innovations Garment Private Limited, buy the company report.
Board of directors of Innovations Garment Private Limited
Innovations Garment has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Pavan Podar | Director | 14 Mar 2014 | 12 Years 7 Months | Current |
| Gaurav Pavan Podar | Director | 14 Oct 2013 | 13 Years 0 Months | Current |
Peer comparison
Innovations Garment Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hapline Commodities Private Limited | ₹1.96 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| Innovations Garment Private Limitedthis company | ₹1.96 Cr (FY 2025) | ₹30.66 Lakh | 15.7% | -94.0% | 13 | Mumbai, Maharashtra, India |
| Sonafab Sarees Private Limited | ₹1.96 Cr (FY 2025) | -29.0% | Varanasi, Uttar Pradesh, India | |||
| Grbalaji Silks Private Limited | ₹1.95 Cr (FY 2023) | 112.0% | Kanchipuram, Tamil Nadu, India |
To see the full peer comparison of Innovations Garment Private Limited, buy the company report.
Auditor
Innovations Garment Private Limited is audited by SUBA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBA & CO | FY 2018 | 110445W |
Shareholding
The shareholding of Innovations Garment Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innovations Garment Private Limited, buy the company report.
Legal cases
Innovations Garment Private Limited has 43 court cases on record: 41 filed by Innovations Garment, 2 filed against it. 30 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 2 | 30 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (CRR) | Filed by the company against an individual | Pending |
To see the full case history of Innovations Garment Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Innovations Garment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Innovations Garment has 4 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Innovations Garment Private Limited has a workforce of 13 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Innovations Garment has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI3468H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovations Garment Private Limited, buy the company report.
Recent activity
Innovations Garment Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Gaurav Pavan Podar ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Innovations Garment is an active private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 02 February 1994 (32+ years old) and is registered under CIN U18100MH1994PTC076375.
Innovations Garment has 2 current directors:
- Harsh Pavan Podar - Director
- Gaurav Pavan Podar - Director
The latest financial statements of Innovations Garment 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 Innovations Garment is 27AAACI3468H1ZI, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Innovations Garment is U18100MH1994PTC076375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovations Garment has 43 court cases on record: 41 filed by the company and 2 filed against it. 30 are pending.
Innovations Garment was incorporated on 02 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovations Garment by revenue are Hapline Commodities Private Limited, Sonafab Sarees Private Limited, Grbalaji Silks Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (wholesale trading).
Gaurav Pavan Podar ceased to be Additional Director on 30 Sep 2014. Harsh Pavan Podar ceased to be Additional Director on 30 Sep 2014. Harsh Pavan Podar was appointed as Director on 14 Mar 2014. Innovations Garment has 6 board changes on record in total.
The registered office of Innovations Garment is at Podar Chamberssayyed Abdulla Brelvi Road Fort, Mumbai, Maharashtra, India – 400001.
Innovations Garment operates in the fashion and textile industry, in the fashion retail segment.