MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0115245
Innovators Electric Solutions Private Limited - consumer electronics & durables in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹41.19 Cr
▼ 20% YoY
Net profit · FY 2025
₹44.61 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹2.7 Cr
EBITDA margin 6.6%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹4.75 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
About Innovators Electric Solutions Private Limited
Data last updated:
Innovators Electric Solutions Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 12 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51505PN2020PTC189815. Its GSTIN is 27AAFCI5820G1ZN (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors including Mukund Narayan Paranjpe (Whole-Time Director) and Tejas Shriharsha Phatak (Whole-Time Director).
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 Off No. 9 Archway Homes P No 22 – 24 Mahaganesh Col Paud Road Kothrud, Pune, Maharashtra, India – 411029.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.19 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹44.61 Lakh (net margin 1.1%) and EBITDA of ₹2.7 Cr (EBITDA margin 6.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
As per MCA filings, the company has open charges of ₹4.75 Cr on record.
Innovators Electric Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0115245). For more details, the company can be reached via its website innovatorspune.com.
Company details
CIN U51505PN2020PTC189815
Registration Number 189815
Incorporation Date 12 February 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-26-0115245
Key People
Mukund Narayan Paranjpe Whole-Time Director Tejas Shriharsha Phatak Whole-Time Director Deepa Phatak Whole-Time Director Recognitions & Rankings of Innovators Electric Solutions
Contact details
Innovators Electric Solutions Private Limited's registered office is in Pune, Maharashtra. Its website is innovatorspune.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOff No. 9 Archway Homes P No 22 – 24 Mahaganesh Col Paud Road Kothrud, Pune, Maharashtra, India – 411029
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Innovators Electric Solutions Private Limited, buy the company report.
Comprehensive company report
Innovators Electric Solutions 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 Innovators Electric Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Innovators Electric Solutions Private Limited, buy the company report.
Financials of Innovators Electric Solutions Private Limited
FY 2025 filings availableInnovators Electric Solutions Private Limited reported revenue of ₹41.19 Cr (down 20% YoY) for FY 2025.
Revenue · FY 2025
₹41.19 Cr ▼ 20%
Net profit · FY 2025
₹44.61 Lakh margin 1.1%
EBITDA · FY 2025
₹2.7 Cr margin 6.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 20%
3 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 37%
Revenue fell 20% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 10% 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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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.61 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Innovators Electric Solutions Private Limited, buy the company report.
Board of directors of Innovators Electric Solutions Private Limited
Innovators Electric Solutions has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukund Narayan Paranjpe | Whole-Time Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Tejas Shriharsha Phatak Also directs: Innotalks Media and Events LLP | Whole-Time Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Deepa Phatak | Whole-Time Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Shriharsha Madhukar Phatak | Whole-Time Director | 12 Feb 2020 | 6 Years 8 Months | Current |
Auditor
Innovators Electric Solutions Private Limited is audited by R. B. Sharma & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. B. Sharma & Co. | FY 2023 | 109971W |
Shareholding
The shareholding of Innovators Electric Solutions Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innovators Electric Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2023 | 100888505 | Others | ₹15.2 Lakh | Open | |
| 17 Aug 2022 | 100609537 | Others | ₹4.6 Cr | Open |
To see the full charge records of Innovators Electric Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Innovators Electric Solutions 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
Innovators Electric Solutions Private Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 252 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Innovators | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Innovators Electric Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Innovators Electric Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI5820G1ZN | Maharashtra | Active | 16 Mar 2021 |
To see the full GST registrations and return filing status of Innovators Electric Solutions Private Limited, buy the company report.
Recent activity
Innovators Electric Solutions Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Deepa Phatak was appointed as Whole-Time Director on 12 Feb 2020.
AGM
Innovators Electric Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovators Electric Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100888505 was registered on 08 Dec 2023.
Charges
A charge with Others of Rs. 4.60 Cr registered on 17 Aug 2022 with Charge ID 100609537 was modified on 28 Sep 2023.
Charges
A charge with Others amounted to Rs. 4.60 Cr with Charge ID 100609537 was registered on 17 Aug 2022.
Appointed
Deepa Phatak was appointed as Whole-Time Director.
Appointed
Mukund Narayan Paranjpe was appointed as Whole-Time Director.
Appointed
Shriharsha Madhukar Phatak was appointed as Whole-Time Director.
Appointed
Tejas Shriharsha Phatak was appointed as Whole-Time Director.
Incorporation
12 Feb 2020
Innovators Electric Solutions Private Limited was registered on 12 Feb 2020 with Roc Pune & aged 6 years 8 months as per MCA records.
Frequently asked questions
Innovators Electric Solutions is an active private limited company based in Pune, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 12 February 2020 (6+ years old) and is registered under CIN U51505PN2020PTC189815.
Innovators Electric Solutions has 4 current directors:
- Mukund Narayan Paranjpe - Whole-Time Director
- Tejas Shriharsha Phatak - Whole-Time Director
- Deepa Phatak - Whole-Time Director
- Shriharsha Madhukar Phatak - Whole-Time Director
The latest financial statements of Innovators Electric Solutions 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 FY 2020 are in the company report.
The GSTIN of Innovators Electric Solutions is 27AAFCI5820G1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innovators Electric Solutions is U51505PN2020PTC189815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovators Electric Solutions was incorporated on 12 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
Deepa Phatak was appointed as Whole-Time Director on 12 Feb 2020. Mukund Narayan Paranjpe was appointed as Whole-Time Director on 12 Feb 2020. Shriharsha Madhukar Phatak was appointed as Whole-Time Director on 12 Feb 2020. Innovators Electric Solutions has 4 board changes on record in total.
Yes, Innovators Electric Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0115245).
Innovators Electric Solutions has 6 MSME Form 1 returns on record between 2021 and 2024, listing 252 overdue payments to 18 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Innovators Electric Solutions can be reached through the website innovatorspune.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Innovators Electric Solutions is at Off No. 9 Archway Homes P No 22 – 24 Mahaganesh Col Paud Road Kothrud, Pune, Maharashtra, India – 411029.
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