Innovative Technology Products & Services Private Limited
About Innovative Technology Products & Services Private Limited
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Innovative Technology Products & Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 13 April 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2015PTC263476. Its GSTIN is 27AADCI8547A1ZN (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Samir Suresh Chandarana and Dhaval Suresh Chandarana.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.5 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹59,740 (net margin 13.3%) and EBITDA of ₹1.15 Lakh (EBITDA margin 25.6%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 30% over five years.
Company details
Contact details
Innovative Technology Products & Services 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/17 1st Floor Kamala Niwas (West View A – 101) Bajaj Road Vile Pa, Rle (West), Mumbai, Maharashtra, India – 400056
- IndustryInformation Technology, Software Development & Support Services, Computer Hardware Manufacturing & Retail
To see the full contact details of Innovative Technology Products & Services Private Limited, 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
Financials of Innovative Technology Products & Services Private Limited
FY 2024 filings availableInnovative Technology Products & Services Private Limited reported revenue of ₹4.5 Lakh (down 72% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 72% fall 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 | ₹1.15 Lakh | ||||
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| Net Profit (PAT) | ₹59,740 | ||||
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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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| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 13.3% | ||||
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To see the full financial statements and ratios of Innovative Technology Products & Services Private Limited, buy the company report.
Board of directors of Innovative Technology Products & Services Private Limited
Innovative Technology Products & Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samir Suresh Chandarana Also directs: Arved Ventures LLP, Global Food Ingredients LLP, D' Entertainment & Wedding Planners Private Limited and 1 more | Director | 13 Apr 2015 | 11 Years 6 Months | Current |
| Dhaval Suresh Chandarana Also directs: D' Entertainment & Wedding Planners Private Limited | Director | 13 Apr 2015 | 11 Years 6 Months | Current |
Auditor
Innovative Technology Products & Services Private Limited is audited by VASANI & THAKKAR for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASANI & THAKKAR | FY 2016 | 111296W |
Shareholding
The shareholding of Innovative Technology Products & Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Innovative Technology Products & Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovative Technology Products & Services 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 Technology Products & Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovative Technology Products & Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI8547A1ZN | Maharashtra | Active | 29 Aug 2018 |
To see the full GST registrations and return filing status of Innovative Technology Products & Services Private Limited, buy the company report.
Recent activity
Innovative Technology Products & Services Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Dhaval Suresh Chandarana was appointed as Director on 13 Apr 2015.
Frequently asked questions
Innovative Technology Products & Services is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Innovative Technology Products & Services is a company pending strike off, currently registered as a private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 13 April 2015 and is registered under CIN U72900MH2015PTC263476. The company may be struck off soon - caution is advised.
The compliance status of Innovative Technology Products & Services is compliant as of 21 September 2026.
Innovative Technology Products & Services has 2 current directors:
- Samir Suresh Chandarana - Director
- Dhaval Suresh Chandarana - Director
The CIN (Corporate Identification Number) of Innovative Technology Products & Services is U72900MH2015PTC263476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Technology Products & Services was incorporated on 13 April 2015. It is registered with the Registrar of Companies, Mumbai.
The registered office of Innovative Technology Products & Services is at A17 1st Floor Kamala Niwas West View A – 101 Bajaj Road Vile Pa, Rle West, Mumbai, Maharashtra, India – 400056.
The latest financial statements of Innovative Technology Products & Services 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 FY 2016 are in the company report.
The GSTIN of Innovative Technology Products & Services is 27AADCI8547A1ZN, registered in Maharashtra.
Innovative Technology Products & Services operates in the information technology industry, in the software development and support services segment.
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