About Innovative Foam Limited
Data last updated:
Innovative Foam Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 23 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2013PLC248465. Its GSTIN is 27AAICM8623J1Z2 (Maharashtra). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Manipal Foam Limited. It is led by directors including Koreswar Krishna Shettigar and Ramakrishna Hegde.
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 506 Vardhaman Chambers 17/G Cawasji Patel Road Fort Horniman Circle, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹46,230, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹17,480 (net margin -37.8%) and EBITDA of ₹7,430 (EBITDA margin 16.1%). Revenue has declined at a compounded annual rate (CAGR) of 84% over three years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sohomattress.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address506 Vardhaman Chambers 17/G Cawasji Patel Road Fort Horniman Circle, Mumbai, Maharashtra, India – 400001
- IndustryManufacturing, Plastic & Resins
- 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
- One PDF report, delivered after checkout
Business Activity of Innovative Foam Limited
The main business activity of Innovative Foam is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Innovative Foam Limited FY 2025 filings available
Innovative Foam Limited reported revenue of ₹46,230 (down 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innovative Foam Limited
Revenue has declined at a compounded annual rate (CAGR) of 84% over three years, including a 88% fall in the latest year. EBITDA rose 101% 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 Foam Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹7,430 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17,480 | •••• | •••• | •••• | •••• |
| 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 Foam Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -37.8% | •••• | •••• | •••• | •••• |
| 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 Foam are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Innovative Foam Limited
Innovative Foam Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Plastics and Resins). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chakrarath Vyapar Private Limited | ₹63,000 (FY 2025) | •••• | •••• | -58.0% | •••• | Bangalore, Karnataka, India |
| Anish Overseas Private Limited | ₹59,534 (FY 2019) | •••• | •••• | •••• | Tri Nagar, Delhi, India | |
| Bajaj Superpack Limited | ₹59,230 (FY 2025) | •••• | •••• | 0.0% | •••• | Nagpur, Maharashtra, India |
| NPL Polymers Private Limited | ₹54,130 (FY 2025) | •••• | •••• | 0.0% | •••• | Ahmedabad, Gujarat, India |
| Crosslink Thermoplast Private Limited | ₹51,275 (FY 2024) | •••• | •••• | •••• | Hardwar, Uttarakhand, India | |
| Innovative Foam Limited this company | ₹46,230 (FY 2025) | •••• | •••• | -88.0% | •••• | Mumbai, Maharashtra, India |
| Jaisai Hanuman Poly Private Limited | ₹45,000 (FY 2024) | •••• | •••• | -18.0% | •••• | Bangalore, Karnataka, India |
| Kdi Polycraft Private Limited | ₹44,000 (FY 2024) | •••• | •••• | •••• | Howrah, West Bengal, India | |
| Maya Polyplast Private Limited | ₹42,536 (FY 2024) | •••• | •••• | -42.0% | •••• | Nashik, Maharashtra, India |
| Bagaria Foam Industries Private Limited | ₹33,699 (FY 2024) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Southern Polymers Private Limited | ₹31,709 (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Innovative Foam by revenue in the Manufacturing industry (Plastics and Resins), 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 Innovative Foam Limited
Auditor information for Innovative Foam Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Innovative Foam Limited
Innovative Foam has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koreswar Krishna Shettigar | Director | 20 Aug 2015 | 11 Years 1 Months | Current |
| Ramakrishna Hegde Also directs: People Konnect HR Services Private Limited, Praman Trade and Services Limited, Moneypal Digital Services Private Limited and 2 more | Director | 11 Aug 2022 | 4 Years 2 Months | Current |
| Jitendra Kanhaiyalal Purohit Also directs: Sevalal Solar Private Limited, Sirar Solar Energies Private Limited, Sirar Dhotre Solar Private Limited and 5 more | Director | 03 Oct 2023 | 3 Years 0 Months | Current |
| Mohammed Samiulla Also directs: Manipal Capital and Leasing Private Limited, Mega Starkids Private Limited, Mega Gyan Edufoundation and 2 more | Director | 11 Aug 2022 | 4 Years 2 Months | Current |
Ownership and Shareholding of Innovative Foam Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innovative Foam Limited
Innovative Foam Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Innovative Foam Limited
Innovative Foam Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 21 Sep 2026.
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, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kinara Capital Private Limited | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Foam Limited
Employment history and EPFO contributions of people linked to Innovative Foam.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Innovative Foam Limited
Innovative Foam Limited has 17 board changes on record since 2015: 4 appointments and 13 cessations. The latest: Jitendra Kanhaiyalal Purohit ceased to be Additional Director on 29 Sep 2024.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Foam Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Innovative Foam Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innovative Foam Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Innovative Foam Limited
Innovative Foam has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICM8623J1Z2 | Maharashtra | Active | 13 Aug 2020 |
| 29AAICM8623J1ZY | Karnataka | Active | 06 May 2020 |
| 19AAICM8623J1ZZ | West Bengal | Active | 05 Nov 2020 |
| 07AAICM8623J1Z4 | Delhi | Active | 21 Nov 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innovative Foam Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innovative Foam Limited
Innovative Foam is an active public limited company based in Mumbai, Maharashtra, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 23 September 2013 (13+ years old) and is registered under CIN U74120MH2013PLC248465.
Innovative Foam reported revenue of ₹46,230 for FY 2025 (down 88% YoY).
Innovative Foam has 4 current directors:
- Koreswar Krishna Shettigar - Director
- Ramakrishna Hegde - Director
- Jitendra Kanhaiyalal Purohit - Director
- Mohammed Samiulla - Director
Innovative Foam reported a net loss of ₹17,480 (net margin -37.8%) and EBITDA of ₹7,430 (EBITDA margin 16.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Foam is -84% over three years. In the latest year (FY 2025) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovative Foam is 27AAICM8623J1Z2, registered in Maharashtra. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 29AAICM8623J1ZY (Karnataka), 19AAICM8623J1ZZ (West Bengal), 07AAICM8623J1Z4 (Delhi).
The CIN (Corporate Identification Number) of Innovative Foam is U74120MH2013PLC248465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Foam has 1 court case on record: 1 filed against it. 1 is pending.
Innovative Foam was incorporated on 23 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovative Foam by revenue are Chakrarath Vyapar Private Limited, Anish Overseas Private Limited, Bajaj Superpack Limited, NPL Polymers Private Limited, Crosslink Thermoplast Private Limited and 5 more, all in the Manufacturing industry (Plastics and Resins).
Jitendra Kanhaiyalal Purohit ceased to be Additional Director on 29 Sep 2024. Jitendra Kanhaiyalal Purohit was appointed as Director on 03 Oct 2023. Mohammed Samiulla ceased to be Additional Director on 30 Sep 2022. Innovative Foam has 17 board changes on record in total.