Innovative Commercial Services Pvt Ltd
About Innovative Commercial Services Pvt Ltd
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Innovative Commercial Services Pvt Ltd is a private limited company based in Indore, Madhya Pradesh, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 05 March 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74140MP1992PTC006979.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Atul Mundhra and Pushpa Mundhra.
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 88 New 79 Old Shrinagarcolony Main Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.43 Lakh, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.47 Lakh (net margin 11.9%) and EBITDA of ₹2.32 Lakh (EBITDA margin 18.6%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Innovative Commercial Services Pvt Ltd's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address88 New 79 Old Shrinagarcolony Main Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Advisory, Financial Brokerage, Consultancy
To see the full contact details of Innovative Commercial Services Pvt Ltd, 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 Innovative Commercial Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Innovative Commercial Services Pvt Ltd, buy the company report.
Financials of Innovative Commercial Services Pvt Ltd
FY 2025 filings availableInnovative Commercial Services Pvt Ltd reported revenue of ₹12.43 Lakh (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 5% fall in the latest year. EBITDA rose 481% 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 | ₹2.32 Lakh | ||||
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| Net Profit (PAT) | ₹1.47 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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| EBITDA Margin | 18.6% | ||||
| Net Profit Margin | 11.9% | ||||
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To see the full financial statements and ratios of Innovative Commercial Services Pvt Ltd, buy the company report.
Board of directors of Innovative Commercial Services Pvt Ltd
Innovative Commercial Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Mundhra | Director | 24 Aug 1999 | 27 Years 2 Months | Current |
| Pushpa Mundhra | Director | 24 Aug 1999 | 27 Years 2 Months | Current |
Peer comparison
Innovative Commercial Services Pvt Ltd is compared with the 10 companies closest to it by revenue in the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shreesafal Commodities Private Limited | ₹12.45 Lakh (FY 2020) | 63.0% | Ahmedabad, Gujarat, India | |||
| Bhanushali Projects Private Limited | ₹12.45 Lakh (FY 2025) | 18.0% | Ahmedabad, Gujarat, India | |||
| Loanbyte Solutions (OPC) Private Limited | ₹12.44 Lakh (FY 2025) | 58.0% | Delhi, India | |||
| Atmaram Broking Company Private Limited | ₹12.43 Lakh (FY 2017) | 39.0% | Mumbai, Maharashtra, India | |||
| Rishabh Stock Broking Services Pvt.Ltd. | ₹12.43 Lakh (FY 2025) | -74.0% | Kolkata, West Bengal, India | |||
| Innovative Commercial Services Pvt Ltdthis company | ₹12.43 Lakh (FY 2024) | ₹1.47 Lakh | 11.9% | -5.0% | Indore, Madhya Pradesh, India | |
| Startups Club Services Private Limited | ₹12.42 Lakh (FY 2017) | Bangalore, Karnataka, India | ||||
| LTM Corporate Services Private Limited | ₹12.41 Lakh (FY 2017) | 257.0% | Vapi, Gujarat, India | |||
| Finx Investments Consultancy Private Limited | ₹12.41 Lakh (FY 2025) | -83.0% | Pune, Maharashtra, India | |||
| Banka Mall Private Limited | ₹12.41 Lakh (FY 2025) | 9.0% | Kharar, Punjab, India | |||
| Concept Commodities Private Limited | ₹12.4 Lakh (FY 2018) | -61.0% | Surat, Gujarat, India |
To see the full peer comparison of Innovative Commercial Services Pvt Ltd, buy the company report.
Auditor
Innovative Commercial Services Pvt Ltd is audited by ARORA BANTHIA & TULSIAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARORA BANTHIA & TULSIAN | FY 2017 | 007028C |
Shareholding
The shareholding of Innovative Commercial Services Pvt Ltd is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Innovative Commercial Services Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2002 | 90203892 | Bank of Baroda | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Innovative Commercial Services Pvt Ltd 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 Innovative Commercial Services Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Innovative Commercial Services Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Innovative Commercial Services Pvt Ltd has 2 board changes on record since 1999: 2 appointments. The latest: Atul Mundhra was appointed as Director on 24 Aug 1999.
Frequently asked questions
Innovative Commercial Services is an active private limited company based in Indore, Madhya Pradesh, India. The company works in advisory, within the financial services industry. It was incorporated on 05 March 1992 (34+ years old) and is registered under CIN U74140MP1992PTC006979.
Innovative Commercial Services has 2 current directors:
- Atul Mundhra - Director
- Pushpa Mundhra - Director
The latest financial statements of Innovative Commercial 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 CIN (Corporate Identification Number) of Innovative Commercial Services is U74140MP1992PTC006979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Commercial Services was incorporated on 05 March 1992, making it 34+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Innovative Commercial Services by revenue are Shreesafal Commodities Private Limited, Bhanushali Projects Private Limited, Loanbyte Solutions (OPC) Private Limited, Atmaram Broking Company Private Limited, Rishabh Stock Broking Services Pvt.Ltd. and 5 more, all in the same principal business activity (financial advisory, brokerage and consultancy services).
Atul Mundhra was appointed as Director on 24 Aug 1999. Pushpa Mundhra was appointed as Director on 24 Aug 1999.
The registered office of Innovative Commercial Services is at 88 New 79 Old Shrinagarcolony Main Indore, Madhya Pradesh, India – 452001.
Innovative Commercial Services operates in the financial services industry, in the advisory segment.
Innovative Commercial Services has open charges of ₹25 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of Innovative Commercial Services is compliant as of 31 July 2026. The company is actively filing with the Registrar of Companies.