MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KL-02-0001815
Innovature Software Labs Private Limited - information technology in Eranakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.69 Cr
▲ 10% YoY
Net profit · FY 2024
₹1.23 Cr
Net margin 5%
EBITDA · FY 2024
₹2.78 Cr
EBITDA margin 11.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹1.15 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
256
Provident fund records
About Innovature Software Labs Private Limited
Data last updated:
Innovature Software Labs Private Limited is a private limited company based in Eranakulam, Kerala, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 24 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U72200KL2005PTC018749. Its GSTIN is 32AABCI4266Q1Z9 (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors including Tiby Kuruvila and Gijo Mulackakudy Sivan.
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 18th Floor Tower 1 18B And C Trans Asia Cyber Park Infopark, Eranakulam, Kerala, India – 682303.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.69 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 5%) and EBITDA of ₹2.78 Cr (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 31% over five years.
The company has about 256 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Innovature and Eduplus. As per MCA filings, the company has open charges of ₹1.15 Cr on record.
Innovature Software Labs Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KL-02-0001815). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovature.ai.
Company details
CIN U72200KL2005PTC018749
Registration Number 018749
Incorporation Date 24 October 2005
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KL-02-0001815
Key People
Tiby Kuruvila Director Gijo Mulackakudy Sivan Director Devarajan Mulackakudy Sivaraman Director Recognitions & Rankings of Innovature Software Labs
Contact details
Innovature Software Labs Private Limited's registered office is in Eranakulam, Kerala. Its website is innovature.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address18th Floor Tower 1 18B And C Trans Asia Cyber Park Infopark, Eranakulam, Kerala, India – 682303
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Innovature Software Labs Private Limited, buy the company report.
Comprehensive company report
Innovature Software Labs 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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Secure checkout · GST invoice included
Brands
Innovature Software Labs operates two associated brands: Innovature and Eduplus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides custom software, AI, web, and mobile development services globally. | innovature.ai | |
| Provides comprehensive solutions for school and college management. | eduplus.io |
Business activity
The main business activity of Innovature Software Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Innovature Software Labs Private Limited, buy the company report.
Financials of Innovature Software Labs Private Limited
FY 2025 filings availableInnovature Software Labs Private Limited reported revenue of ₹24.69 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹24.69 Cr ▲ 10%
Net profit · FY 2024
₹1.23 Cr margin 5%
EBITDA · FY 2024
₹2.78 Cr margin 11.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 50%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 62%
5 years · compounded
▲ 65%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 10% growth in the latest year. EBITDA rose 5% 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 | ₹2.78 Cr | ||||
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| Net Profit (PAT) | ₹1.23 Cr | ||||
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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 | 11.3% | ||||
| Net Profit Margin | 5% | ||||
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To see the full financial statements and ratios of Innovature Software Labs Private Limited, buy the company report.
Board of directors of Innovature Software Labs Private Limited
Innovature Software Labs has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tiby Kuruvila Also directs: Pinmicro India Private Limited | Director | 21 Dec 2009 | 16 Years 10 Months | Current |
| Gijo Mulackakudy Sivan Also directs: Pinmicro India Private Limited | Director | 21 Dec 2009 | 16 Years 10 Months | Current |
| Devarajan Mulackakudy Sivaraman Also directs: Pinmicro India Private Limited | Director | 24 Oct 2005 | 21 Years 0 Months | Current |
| Ravindranath Ange Veetil Also directs: Pinmicro India Private Limited | Director | 21 Dec 2009 | 16 Years 10 Months | Current |
Peer comparison
Innovature Software Labs Private Limited is compared with the 7 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| I3clogic Technologies Private Limited | ₹24.92 Cr (FY 2024) | 9.0% | Noida, Uttar Pradesh, India | |||
| Panapps International Private Limited | ₹24.92 Cr (FY 2024) | 14.0% | Ernakulam, Kerala, India | |||
| Innovature Software Labs Private Limitedthis company | ₹24.69 Cr (FY 2024) | ₹1.23 Cr | 5% | 10.0% | 256 | Eranakulam, Kerala, India |
| Aditya Birla Capital Technology Services Limited | ₹24.65 Cr (FY 2024) | -19.0% | Junagadh, Gujarat, India | |||
| Somish Solutions Limited | ₹24.64 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Softaculous Limited | ₹24.62 Cr (FY 2025) | 362.0% | Mumbai, Maharashtra, India | |||
| Akhil Systems Private Limited | ₹24.61 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Imply Data India Private Limited | ₹24.52 Cr (FY 2025) | 571.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Innovature Software Labs Private Limited, buy the company report.
Auditor
Innovature Software Labs Private Limited is audited by G Joseph & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G Joseph & Associates | FY 2022 | 006310S |
Shareholding
The shareholding of Innovature Software Labs Private Limited 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 Innovature Software Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2016 | 100080171 | Hdfc Bank Limited | ₹1.15 Cr | Open |
To see the full charge records of Innovature Software Labs Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Innovature Software Labs 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 Innovature Software Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Innovature Software Labs Private Limited has a workforce of 256 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
256
Active EPFO establishments
1
Employee growth
6.67%
GST
Innovature Software Labs has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCI4266Q1Z9 | Kerala | Active | 17 Sep 2017 |
| 32AABCI4266Q2Z8 | Kerala | Active | 23 May 2019 |
To see the full GST registrations and return filing status of Innovature Software Labs Private Limited, buy the company report.
Recent activity
Innovature Software Labs Private Limited has 8 board changes on record since 2005: 4 appointments and 4 cessations. The latest: Gijo Mulackakudy Sivan ceased to be Additional Director on 30 Sep 2019.
AGM
Innovature Software Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Innovature Software Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Charges
A charge with Hdfc Bank Limited of Rs. 115.00 Lakh registered on 14 Dec 2016 with Charge ID 100080171 was modified on 10 Oct 2022.
Ceased
Gijo Mulackakudy Sivan ceased to be Additional Director.
Ceased
Ravindranath Ange Veetil ceased to be Additional Director.
Ceased
Tiby Kuruvila ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 115.00 Lakh with Charge ID 100080171 was registered on 14 Dec 2016.
Ceased
Raman Parappil ceased to be Director.
Appointed
Gijo Mulackakudy Sivan was appointed as Director.
Appointed
Ravindranath Ange Veetil was appointed as Director.
Appointed
Tiby Kuruvila was appointed as Director.
Appointed
Devarajan Mulackakudy Sivaraman was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Innovature Software Labs is an active private limited company based in Eranakulam, Kerala, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 24 October 2005 (21+ years old) and is registered under CIN U72200KL2005PTC018749.
Innovature Software Labs has 4 current directors:
- Tiby Kuruvila - Director
- Gijo Mulackakudy Sivan - Director
- Devarajan Mulackakudy Sivaraman - Director
- Ravindranath Ange Veetil - Director
The latest financial statements of Innovature Software Labs 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 Innovature Software Labs is 32AABCI4266Q1Z9, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AABCI4266Q2Z8 (Kerala).
The CIN (Corporate Identification Number) of Innovature Software Labs is U72200KL2005PTC018749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovature Software Labs was incorporated on 24 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Innovature Software Labs by revenue are I3clogic Technologies Private Limited, Panapps International Private Limited, Aditya Birla Capital Technology Services Limited, Somish Solutions Limited, Softaculous Limited and 2 more, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Gijo Mulackakudy Sivan ceased to be Additional Director on 30 Sep 2019. Ravindranath Ange Veetil ceased to be Additional Director on 30 Sep 2019. Tiby Kuruvila ceased to be Additional Director on 30 Sep 2019. Innovature Software Labs has 8 board changes on record in total.
Yes, Innovature Software Labs is registered as an MSME under Udyam registration (number: UDYAM-KL-02-0001815).
Innovature Software Labs can be reached through the website innovature.ai. Its registered office is in Eranakulam, Kerala, India.
The registered office of Innovature Software Labs is at 18th Floor Tower 1 18B And C Trans Asia Cyber Park Infopark, Eranakulam, Kerala, India – 682303.