MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0253779
Innovative Speciality Ingredients Private Limited
Innovative Speciality Ingredients Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹127.41 Cr
▲ 186% YoY
Net profit · FY 2025
₹7.66 Cr
Net margin 6%
EBITDA · FY 2025
₹14.3 Cr
EBITDA margin 11.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹37 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Innovative Speciality Ingredients Private Limited
Data last updated:
Innovative Speciality Ingredients Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 05 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2013PTC244057. Its GSTIN is 27AADCI2551E1ZV (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amish Bipinchandra Shah and Devang Bipinbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 7 Badrinath Chs Limited Shimpoli Road Near Soni Wadi Borivali (West), Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹127.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.66 Cr (net margin 6%) and EBITDA of ₹14.3 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years and 72% over five years.
As per MCA filings, the company has open charges of ₹37 Cr on record.
Innovative Speciality Ingredients Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0253779). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74120MH2013PTC244057
Registration Number 244057
Incorporation Date 05 June 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0253779
Recognitions & Rankings of Innovative Speciality Ingredients
Contact details
Innovative Speciality Ingredients Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 7 Badrinath Chs Limited Shimpoli Road Near Soni Wadi Borivali (West), Mumbai, Maharashtra, India – 400092
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Innovative Speciality Ingredients Private Limited, buy the company report.
Comprehensive company report
Innovative Speciality Ingredients Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Innovative Speciality Ingredients is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Innovative Speciality Ingredients Private Limited, buy the company report.
Financials of Innovative Speciality Ingredients Private Limited
FY 2024 filings availableInnovative Speciality Ingredients Private Limited reported revenue of ₹127.41 Cr (up 186% YoY) for FY 2025.
Revenue · FY 2025
₹127.41 Cr ▲ 186%
Net profit · FY 2025
₹7.66 Cr margin 6%
EBITDA · FY 2025
₹14.3 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 186%
3 years · compounded
▲ 78%
5 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▲ 236%
3 years · compounded
▲ 117%
5 years · compounded
▲ 116%
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 186% growth in the latest year. EBITDA rose 236% 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 | ₹14.3 Cr | ||||
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| Net Profit (PAT) | ₹7.66 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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| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Innovative Speciality Ingredients Private Limited, buy the company report.
Board of directors of Innovative Speciality Ingredients Private Limited
Innovative Speciality Ingredients has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amish Bipinchandra Shah | Director | 05 Jun 2013 | 13 Years 5 Months | Current |
| Devang Bipinbhai Shah Also directs: Index Pharma LLP, Aadivighnesh Chem Private Limited, Ahepra Healthcare Private Limited and 1 more | Director | 05 Jun 2013 | 13 Years 5 Months | Current |
Auditor
Innovative Speciality Ingredients Private Limited is audited by J.S.JOSHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.S.JOSHI & CO. | FY 2023 | 033793 |
Shareholding
The shareholding of Innovative Speciality Ingredients Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovative Speciality Ingredients Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2024 | 101003219 | Standard Chartered Bank | ₹25 Cr | Open | |
| 03 Nov 2023 | 100825869 | Canara Bank | ₹12 Cr | Open |
To see the full charge records of Innovative Speciality Ingredients Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Innovative Speciality Ingredients Private Limited 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 Speciality Ingredients Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Speciality Ingredients has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI2551E1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovative Speciality Ingredients Private Limited, buy the company report.
Recent activity
Innovative Speciality Ingredients Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Archana Shashikant Athavale ceased to be Director on 01 Aug 2014.
Charges
A charge with Standard Chartered Bank of Rs. 2,500.00 Lakh registered on 23 Oct 2024 with Charge ID 101003219 was modified on 24 Jun 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 2,500.00 Lakh with Charge ID 101003219 was registered on 23 Oct 2024.
AGM
Innovative Speciality Ingredients Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Innovative Speciality Ingredients Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Canara Bank amounted to Rs. 1,200.00 Lakh with Charge ID 100825869 was registered on 03 Nov 2023.
Ceased
Archana Shashikant Athavale ceased to be Director.
Appointed
Amish Bipinchandra Shah was appointed as Director.
Appointed
Devang Bipinbhai Shah was appointed as Director.
Incorporation
05 Jun 2013
Innovative Speciality Ingredients Private Limited was registered on 05 Jun 2013 with Roc Mumbai & aged 13 years 5 months as per MCA records.
Frequently asked questions
Innovative Speciality Ingredients is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 05 June 2013 (13+ years old) and is registered under CIN U74120MH2013PTC244057.
Innovative Speciality Ingredients has 2 current directors:
- Amish Bipinchandra Shah - Director
- Devang Bipinbhai Shah - Director
The latest financial statements of Innovative Speciality Ingredients on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovative Speciality Ingredients is 27AADCI2551E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovative Speciality Ingredients is U74120MH2013PTC244057. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Speciality Ingredients was incorporated on 05 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Archana Shashikant Athavale ceased to be Director on 01 Aug 2014. Amish Bipinchandra Shah was appointed as Director on 05 Jun 2013. Devang Bipinbhai Shah was appointed as Director on 05 Jun 2013.
Yes, Innovative Speciality Ingredients is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0253779).
The registered office of Innovative Speciality Ingredients is at A – 7 Badrinath Chs Limited Shimpoli Road Near Soni Wadi Borivali West, Mumbai, Maharashtra, India – 400092.
Innovative Speciality Ingredients operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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