MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0029751
Innovative Crane Solutions Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2023
₹5.1 Cr
▲ 10% YoY
Net profit · FY 2023
₹23.43 Lakh
Net margin 4.6%
EBITDA · FY 2023
₹58.99 Lakh
EBITDA margin 11.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹1.82 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Innovative Crane Solutions Private Limited
Data last updated:
Innovative Crane Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 17 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2019PTC111466. Its GSTIN is 24AAFCI5066C1ZV (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Kritika Maheshwari and Sandeep Maheshwari.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Plot No. 174 175 200 And201 Vibran Industrial Park, Ahmedabad, Gujarat, India – 382433.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.1 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹23.43 Lakh (net margin 4.6%) and EBITDA of ₹58.99 Lakh (EBITDA margin 11.6%).
As per MCA filings, the company has open charges of ₹1.82 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Innovative Crane Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0029751). For more details, the company can be reached via its website innovativecranes.in.
Company Details of Innovative Crane Solutions Private Limited
CIN U31909GJ2019PTC111466
Registration Number 111466
Incorporation Date 17 December 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0029751
Recognitions & Rankings of Innovative Crane Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPlot No. 174 175 200 And201 Vibran Industrial Park, Ahmedabad, Gujarat, India – 382433
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
Comprehensive company report
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Business Activity of Innovative Crane Solutions Private Limited
The main business activity of Innovative Crane Solutions 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
- Historical classifications
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Financials of Innovative Crane Solutions Private Limited FY 2023 filings available
Innovative Crane Solutions Private Limited reported revenue of ₹5.1 Cr (up 10% YoY) for FY 2023.
Revenue · FY 2023
₹5.1 Cr ▲ 10%
Net profit · FY 2023
₹23.43 Lakh margin 4.6%
EBITDA · FY 2023
₹58.99 Lakh margin 11.6%
Compounded Annual Growth Rate (CAGR) of Innovative Crane Solutions Private Limited
Revenue CAGR growth
1 year
▲ 10%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 176%
Revenue rose 10% in the latest year. EBITDA rose 11% 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 Innovative Crane Solutions Private Limited
| Metrics | 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 | ₹58.99 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.43 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 Innovative Crane Solutions Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.6% | •••• | •••• | •••• |
| Net Profit Margin | 4.6% | •••• | •••• | •••• |
| 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 Innovative Crane Solutions are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Innovative Crane Solutions Private Limited
Innovative Crane Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kritika Maheshwari Also directs: Waretech India Solution Private Limited | Director | 17 Dec 2019 | 6 Years 10 Months | Current |
| Sandeep Maheshwari | Director | 17 Dec 2019 | 6 Years 10 Months | Current |
Peer Comparison of Innovative Crane Solutions Private Limited
Innovative Crane Solutions Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Material Handling Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Madras Conveyors Private Limited | ₹5.22 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Chennai, Tamil Nadu, India |
| S V Engineering Constructions (India) Private Limited | ₹5.21 Cr (FY 2024) | •••• | •••• | -57.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Rebell Engineers Private Limited | ₹5.16 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Sangli, Maharashtra, India |
| Laxmi Cranes and Trailers Private Limited | ₹5.14 Cr (FY 2023) | •••• | •••• | 22.0% | •••• | Ernakulam, Kerala, India |
| GSK E Mobility Private Limited | ₹5.13 Cr (FY 2025) | •••• | •••• | 1822.0% | •••• | Ludhiana, Punjab, India |
| Innovative Crane Solutions Private Limited this company | ₹5.1 Cr (FY 2023) | •••• | •••• | 10.0% | •••• | Ahmedabad, Gujarat, India |
| Olympia Elevators Private Limited | ₹5.07 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Enweigh India Private Limited | ₹5.07 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Dhriti Engitech Private Limited | ₹5.03 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Ahmedabad, Gujarat, India |
| Tula Digital (India) Private Limited | ₹4.99 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | New Delhi, Delhi, India |
| Daedalus Lift & Access Equipments Private Limited | ₹4.96 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Innovative Crane Solutions by revenue in the Machinery and Equipment industry (Material Handling Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Innovative Crane Solutions Private Limited
Open charges
₹1.82 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Nov 2020 | Hdfc Bank Limited | ₹17.5 Lakh | Open |
| 14 Jul 2020 | State Bank of India | ₹1.64 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Innovative Crane Solutions Private Limited
Innovative Crane Solutions Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Innovative Crane Solutions Private Limited
Employment history and EPFO contributions of people linked to Innovative Crane Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Innovative Crane Solutions Private Limited
Innovative Crane Solutions Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Kritika Maheshwari was appointed as Director on 17 Dec 2019.
AGM
Innovative Crane Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Innovative Crane Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 164.00 Lakh registered on 14 Jul 2020 with Charge ID 100352795 was modified on 24 Nov 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.50 Lakh with Charge ID 100405325 was registered on 17 Nov 2020.
Charges
A charge with State Bank Of India amounted to Rs. 164.00 Lakh with Charge ID 100352795 was registered on 14 Jul 2020.
Appointed
Kritika Maheshwari was appointed as Director.
Appointed
Sandeep Maheshwari was appointed as Director.
Incorporation
17 Dec 2019
Innovative Crane Solutions Private Limited was registered on 17 Dec 2019 with Roc Ahmedabad & aged 6 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Crane Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Innovative Crane Solutions Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Innovative Crane Solutions Private Limited
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Corporate group structure
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GST Compliance of Innovative Crane Solutions Private Limited
Innovative Crane Solutions has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCI5066C1ZV | Gujarat | Active | 07 Feb 2020 |
| 08AAFCI5066C1ZP | Rajasthan | Active | 06 Dec 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Innovative Crane Solutions Private Limited
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MCA filings and documents
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Frequently Asked Questions about Innovative Crane Solutions Private Limited
Innovative Crane Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 17 December 2019 (7+ years old) and is registered under CIN U31909GJ2019PTC111466.
Innovative Crane Solutions reported revenue of ₹5.1 Cr for FY 2023 (up 10% YoY).
Innovative Crane Solutions has 2 current directors:
- Kritika Maheshwari - Director
- Sandeep Maheshwari - Director
Innovative Crane Solutions reported a net profit of ₹23.43 Lakh (net margin 4.6%) and EBITDA of ₹58.99 Lakh (EBITDA margin 11.6%) for FY 2023, as per its filed financial statements.
The GSTIN of Innovative Crane Solutions is 24AAFCI5066C1ZV, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAFCI5066C1ZP (Rajasthan).
The CIN (Corporate Identification Number) of Innovative Crane Solutions is U31909GJ2019PTC111466. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Crane Solutions has 1 court case on record: 1 filed against it. 1 is pending.
Innovative Crane Solutions was incorporated on 17 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovative Crane Solutions by revenue are Madras Conveyors Private Limited, S V Engineering Constructions (India) Private Limited, Rebell Engineers Private Limited, Laxmi Cranes and Trailers Private Limited, GSK E Mobility Private Limited and 5 more, all in the Machinery and Equipment industry (Material Handling Equipment).
Kritika Maheshwari was appointed as Director on 17 Dec 2019. Sandeep Maheshwari was appointed as Director on 17 Dec 2019.
Yes, Innovative Crane Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0029751).