About Innovative Technology & Contracting Private Limited
Data last updated:
Innovative Technology & Contracting Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 03 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2013PTC089248. Its GSTIN is 33AALCA3061D3Z3 (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ashwin Paints Private Limited. It is led by directors Narayanan Ramapriya and Jahnavi Narayanan.
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 New No.5 Old No.2 9th Main Road Vijaya Nagar Velachery, Chennai, Tamil Nadu, India – 600042.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.19 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.73 Lakh (net margin -0.5%) and EBITDA of ₹2.71 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 154% over three years and 75% over five years.
As per MCA filings, the company has open charges of ₹10.33 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
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-technology-contracting-pvt-ltd.business.site.
CIN History of Innovative Technology & Contracting Private Limited
Innovative Technology & Contracting has one previous CIN (Corporate Identification Number): U26951TN2013PTC089248. The current CIN is U74900TN2013PTC089248, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TN2013PTC089248 | Current |
| U26951TN2013PTC089248 | Previous |
- EmailLocked
- TelephoneLocked
- Social MediaLocked
- Registered AddressNew No.5 Old No.2 9th Main Road Vijaya Nagar Velachery, Chennai, Tamil Nadu, India – 600042
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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 Technology & Contracting Private Limited
The main business activity of Innovative Technology & Contracting is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | 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 Technology & Contracting Private Limited FY 2024 filings available
Innovative Technology & Contracting Private Limited reported revenue of ₹3.19 Cr (up 786% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Innovative Technology & Contracting Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 75% over five years, including 786% growth in the latest year. EBITDA fell 33% 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 Technology & Contracting Private Limited
| Metrics | FY 2023-24 | 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 | ₹2.71 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.73 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 Technology & Contracting Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.5% | •••• | •••• | •••• | •••• |
| 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 Technology & Contracting 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.
Board of Directors of Innovative Technology & Contracting Private Limited
Innovative Technology & Contracting has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanan Ramapriya | Director | 12 Jun 2013 | 13 Years 4 Months | Current |
| Jahnavi Narayanan | Additional Director | 17 Aug 2024 | 2 Years 2 Months | Current |
Peer Comparison of Innovative Technology & Contracting Private Limited
Innovative Technology & Contracting Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Consulting Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Terratern Private Limited | ₹3.19 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Ela Green Buildings and Infrastructure Consultants Private Limited | ₹3.19 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Chennai, Tamil Nadu, India |
| Counton Ace Private Limited | ₹3.19 Cr (FY 2024) | •••• | •••• | -22.0% | •••• | New Delhi, Delhi, India |
| Profile Corporate Consulting Private Limited | ₹3.19 Cr (FY 2025) | •••• | •••• | 126.0% | •••• | Gurgaon, Haryana, India |
| Mahendraraj Consultants Private Limited | ₹3.19 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Innovative Technology & Contracting Private Limited this company | ₹3.19 Cr (FY 2024) | •••• | •••• | 786.0% | •••• | Chennai, Tamil Nadu, India |
| Aaryaman Consultants Private Limited | ₹3.19 Cr (FY 2025) | •••• | •••• | 4440.0% | •••• | New Delhi, Delhi, India |
| Industele Services Private Limited | ₹3.19 Cr (FY 2023) | •••• | •••• | -47.0% | •••• | Mumbai, Maharashtra, India |
| Parijatha Business Solution Private Limited | ₹3.19 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Festal Consulting Engineers Private Limited | ₹3.18 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Navshiv Retail Private Limited | ₹3.18 Cr (FY 2017) | •••• | •••• | 10.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovative Technology & Contracting by revenue in the Outsourcing industry (Consulting Services), 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 Technology & Contracting Private Limited
Innovative Technology & Contracting Private Limited is audited by S N M B AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S N M B AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Innovative Technology & Contracting Private 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 Technology & Contracting Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Feb 2024 | United Bank of India | ₹90 Lakh | Open |
| 11 Jan 2024 | Hdfc Bank Limited | ₹3.2 Lakh | Open |
| 10 May 2023 | State Bank of India | ₹9.4 Cr | Open |
Total charge records: 3 View all charges
Legal Cases of Innovative Technology & Contracting Private Limited
Innovative Technology & Contracting Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
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 Technology & Contracting Private Limited
Employment history and EPFO contributions of people linked to Innovative Technology & Contracting.
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 Technology & Contracting Private Limited
Innovative Technology & Contracting Private Limited has 6 board changes on record since 2013: 3 appointments and 3 cessations. The latest: Jahnavi Narayanan was appointed as Additional Director on 17 Aug 2024.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Technology & Contracting Private 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 Technology & Contracting Private 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 Technology & Contracting Private 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 Technology & Contracting Private Limited
Innovative Technology & Contracting has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCA3061D3Z3 | Tamil Nadu | Active | 18 Apr 2022 |
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 Technology & Contracting Private 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 Technology & Contracting Private Limited
Innovative Technology & Contracting is an active private limited company based in Chennai, Tamil Nadu, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 03 January 2013 (13+ years old) and is registered under CIN U74900TN2013PTC089248.
Innovative Technology & Contracting reported revenue of ₹3.19 Cr for FY 2024 (up 786% YoY).
Innovative Technology & Contracting has 2 current directors:
- Narayanan Ramapriya - Director
- Jahnavi Narayanan - Additional Director
Innovative Technology & Contracting reported a net loss of ₹1.73 Lakh (net margin -0.5%) and EBITDA of ₹2.71 Lakh (EBITDA margin 0.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Technology & Contracting is 154% over three years and 75% over five years. In the latest year (FY 2024) revenue rose 786%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovative Technology & Contracting is 33AALCA3061D3Z3, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Technology & Contracting is U74900TN2013PTC089248. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Technology & Contracting has 1 court case on record: 1 filed against it.
Innovative Technology & Contracting was incorporated on 03 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Innovative Technology & Contracting by revenue are Terratern Private Limited, Ela Green Buildings and Infrastructure Consultants Private Limited, Counton Ace Private Limited, Profile Corporate Consulting Private Limited, Mahendraraj Consultants Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Jahnavi Narayanan was appointed as Additional Director on 17 Aug 2024. Srinivasan Narayanan ceased to be Director on 09 May 2024. Narayanan Ramapriya ceased to be Additional Director on 29 Dec 2013. Innovative Technology & Contracting has 6 board changes on record in total.