About Innovative Instrument Pvt Ltd
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Innovative Instrument Pvt Ltd is a private limited company based in Vadodara, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 23 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35117GJ1995PTC026479. Its GSTIN is 24AAACI4173R1Z7 (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹8.62 Lakh. It is led by directors Madhukar Ratilal Patel (Managing Director) and Durgaben Madhukar Patel.
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 125 Mahajan Societyfatehgunj, Vadodara, Gujarat, India – 390002.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.26 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹61.87 Lakh (net margin 19%) and EBITDA of ₹93.01 Lakh (EBITDA margin 28.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹1.37 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovative-instruments.in.
Company details
Contact details
Innovative Instrument Pvt Ltd's registered office is in Vadodara, Gujarat. Its website is innovative-instruments.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address125 Mahajan Societyfatehgunj, Vadodara, Gujarat, India – 390002
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Innovative Instrument 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 Instrument is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Innovative Instrument Pvt Ltd, buy the company report.
Financials of Innovative Instrument Pvt Ltd
FY 2025 filings availableInnovative Instrument Pvt Ltd reported revenue of ₹3.26 Cr (up 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 25% growth in the latest year. EBITDA rose 28% 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 | ₹93.01 Lakh | ||||
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| Net Profit (PAT) | ₹61.87 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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| Profitability | |||||
| EBITDA Margin | 28.5% | ||||
| Net Profit Margin | 19% | ||||
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To see the full financial statements and ratios of Innovative Instrument Pvt Ltd, buy the company report.
Board of directors of Innovative Instrument Pvt Ltd
Innovative Instrument has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhukar Ratilal Patel Also directs: Inno Weigh Equipment Private Limited, Altop Industries Ltd | Managing Director | 23 Jun 1995 | 31 Years 4 Months | Current |
| Durgaben Madhukar Patel Also directs: Inno Weigh Equipment Private Limited | Director | 23 Jun 1995 | 31 Years 4 Months | Current |
Auditor
Innovative Instrument Pvt Ltd is audited by S P VYAS & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P VYAS & Co. | FY 2022 | 111660W |
Shareholding
The shareholding of Innovative Instrument Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovative Instrument Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 1996 | 90107572 | State Bank of India | ₹45 Lakh | Open | |
| 23 Apr 1996 | 90112309 | State Bank of India | ₹92 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Innovative Instrument 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 Instrument Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Instrument has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI4173R1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovative Instrument Pvt Ltd, buy the company report.
Recent activity
Innovative Instrument Pvt Ltd has 2 board changes on record since 1995: 2 appointments. The latest: Durgaben Madhukar Patel was appointed as Director on 23 Jun 1995.
Frequently asked questions
Innovative Instrument is an active private limited company based in Vadodara, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 23 June 1995 (31+ years old) and is registered under CIN U35117GJ1995PTC026479.
Innovative Instrument has 2 current directors:
- Madhukar Ratilal Patel - Managing Director
- Durgaben Madhukar Patel - Director
The latest financial statements of Innovative Instrument 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 Innovative Instrument is 24AAACI4173R1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Innovative Instrument is U35117GJ1995PTC026479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Instrument was incorporated on 23 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Durgaben Madhukar Patel was appointed as Director on 23 Jun 1995. Madhukar Ratilal Patel was appointed as Managing Director on 23 Jun 1995.
Innovative Instrument can be reached through the website innovative-instruments.in. Its registered office is in Vadodara, Gujarat, India.
The registered office of Innovative Instrument is at 125 Mahajan Societyfatehgunj, Vadodara, Gujarat, India – 390002.
Innovative Instrument operates in the energy and power industry, in the power equipment manufacturers segment.
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