About Innovative Clad Solutions Private Limited
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Innovative Clad Solutions Private Limited is a private limited company based in Dhar, Madhya Pradesh, India, a subsidiary of Aperam Alloys Imphy. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 12 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U27310MP2008PTC078191. Its GSTIN is 23AABCI8209H1ZS (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹101.5 Cr and a paid-up capital of ₹100.47 Cr. It is led by directors including Sumer Ghumman and Frederic Mattei.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dhar, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹155.44 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹10.06 Cr (net margin 6.5%) and EBITDA of ₹15.72 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 12% over five years.
As per MCA filings, the company has satisfied charges of ₹40.95 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹78.22 Cr; the latest was in December 2018. Its 4 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 2 smaller; the largest is Jagdambay Furnaces Private Limited with revenue of ₹156.84 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovativecladsolutions.com.
Company details
CIN history
Innovative Clad Solutions has one previous CIN (Corporate Identification Number): U27310DL2008PTC173950. The current CIN is U27310MP2008PTC078191, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27310MP2008PTC078191 | Current |
| U27310DL2008PTC173950 | Previous |
Contact details
Innovative Clad Solutions Private Limited's registered office is in Dhar, Madhya Pradesh.
- Registered AddressPlot No – M – 7 Misc Zone, SEZ Phase – II Pithampur, Dhar, Madhya Pradesh, India – 454774
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Innovative Clad Solutions is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Innovative Clad Solutions Private Limited, buy the company report.
Financials of Innovative Clad Solutions Private Limited
FY 2025 filings availableInnovative Clad Solutions Private Limited reported revenue of ₹155.44 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 42% 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 | ₹15.72 Cr | ||||
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| Net Profit (PAT) | ₹10.06 Cr | ||||
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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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| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 6.5% | ||||
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To see the full financial statements and ratios of Innovative Clad Solutions Private Limited, buy the company report.
Board of directors of Innovative Clad Solutions Private Limited
Innovative Clad Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumer Ghumman Also directs: Shivalik Integrated Solutions LLP, Shivalik Bimetal Controls Limited, Shivalik Engineered Products Private Limited and 3 more | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
| Frederic Mattei Also directs: Aperam Alloys India Private Limited | Director | 15 Apr 2015 | 11 Years 6 Months | Current |
| Claude Henri Pierret Also directs: Aperam Alloys India Private Limited | Director | 04 Mar 2008 | 18 Years 7 Months | Current |
Peer comparison
Innovative Clad Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jagdambay Furnaces Private Limited | ₹156.84 Cr (FY 2025) | 2.0% | Hoshiarpur, Punjab, India | |||
| Metal Storage Systems Private Limited | ₹156.74 Cr (FY 2024) | 8.0% | Bangalore, Karnataka, India | |||
| Innovative Clad Solutions Private Limitedthis company | ₹155.44 Cr (FY 2025) | ₹10.06 Cr | 6.5% | -19.0% | Dhar, Madhya Pradesh, India | |
| Amarpali Cylinders Private Limited | ₹154.42 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Clair Engineers Private Limited | ₹154.3 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Innovative Clad Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2015 | 10586107 | The Hongkong and Shanghai Banking Corporation Limited | ₹70 Lakh | Satisfied | |
| 13 Jul 2012 | 10368853 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Cr | Satisfied | |
| 10 Jun 2009 | 10164486 | Indian Bank | ₹15.25 Cr | Satisfied |
To see the full charge records of Innovative Clad Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Innovative Clad Solutions Private Limited has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹78.22 Cr; the latest was in December 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Rights issue | ₹6.03 Cr | Investors: Shivalik Bimetal Controls Limited , an individual |
| Feb 2011 | Funding round | ₹29.39 Cr | Investors: Shivalik Bimetal Controls Limited , DNick Holding Plc, an individual |
| Jun 2009 | Funding round | ₹11.85 Cr | Investors: Shivalik Bimetal Controls Limited , DNick Holding Plc, an individual |
| Mar 2008 | Funding round | ₹15.2 Cr | Investors: DNick Holding Plc, Shivalik Bimetal Controls Limited , an individual |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Shivalik Bimetal Controls Limited Seller: 2 individuals |
To see the full deal history of Innovative Clad Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Innovative Clad Solutions Private Limited has 2 court cases on record: 1 filed by Innovative Clad Solutions, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Arbitration matter | Filed by the company against M/S Eco Build | Pending |
| District court, Indore, Madhya Pradesh | Court case (MJC) | Filed against the company by M/S Eco Build Through Kailash Garg | Disposed |
To see the full case history of Innovative Clad Solutions 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 Innovative Clad Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Clad Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCI8209H1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovative Clad Solutions Private Limited, buy the company report.
Recent activity
Innovative Clad Solutions Private Limited has 12 board changes on record since 2008: 3 appointments and 9 cessations. The latest: Sonal Kuldeep Kavadi ceased to be Additional Director on 18 Sep 2025.
11 earlier events are in the company report.
Frequently asked questions
Innovative Clad Solutions is an active private limited company based in Dhar, Madhya Pradesh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 12 February 2008 (18+ years old) and is registered under CIN U27310MP2008PTC078191.
Innovative Clad Solutions has 3 current directors:
- Sumer Ghumman - Director
- Frederic Mattei - Director
- Claude Henri Pierret - Director
The latest financial statements of Innovative Clad Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovative Clad Solutions is 23AABCI8209H1ZS, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Clad Solutions is U27310MP2008PTC078191. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Clad Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
Innovative Clad Solutions was incorporated on 12 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Gwalior.
Innovative Clad Solutions has 10 deals on record (5 funding rounds, 3 rights issues, 2 secondary share transfers), with disclosed funding of ₹78.22 Cr; the latest was in December 2018.
The peers of Innovative Clad Solutions by revenue are Jagdambay Furnaces Private Limited, Metal Storage Systems Private Limited, Amarpali Cylinders Private Limited, Clair Engineers Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).
Sonal Kuldeep Kavadi ceased to be Additional Director on 18 Sep 2025. Sumer Ghumman ceased to be Additional Director on 17 Sep 2025. Satinderjeet Singh Sandhu ceased to be Director on 01 Nov 2024. Innovative Clad Solutions has 12 board changes on record in total.
Innovative Clad Solutions can be reached through the website innovativecladsolutions.com. Its registered office is in Dhar, Madhya Pradesh, India.