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Innovegic Solutions Private Limited - information technology in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹28.19 Lakh
▼ 69% YoY
Net loss · FY 2022
₹23,219
Net margin -0.8%
EBITDA · FY 2022
₹1.12 Lakh
EBITDA margin 4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Innovegic Solutions Private Limited
Data last updated:
Innovegic Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 11 July 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2018PTC103215. Its GSTIN is 24AAECI9313H1ZO (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jay Subramaniam Chakrat and Manish Ashvinbhai Raval.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at B – 505 Titanium Square B/H. Sarveshwar Tower Opp. B.M.W. Show Room Thaltej, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2022, the company reported a revenue of ₹28.19 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹23,219 (net margin -0.8%) and EBITDA of ₹1.12 Lakh (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
For more details, the company can be reached via its website innovegicsolutions.com.
Company details
CIN U72200GJ2018PTC103215
Registration Number 103215
Incorporation Date 11 July 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Innovegic Solutions
Contact details
Innovegic Solutions Private Limited's registered office is in Ahmedabad, Gujarat. Its website is innovegicsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 505 Titanium Square B/H. Sarveshwar Tower Opp. B.M.W. Show Room Thaltej, Ahmedabad, Gujarat, India – 380054
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Innovegic Solutions Private Limited, buy the company report.
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- Historical financials and ratios
- Shareholding pattern and group structure
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- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Innovegic Solutions 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 Innovegic Solutions Private Limited, buy the company report.
Financials of Innovegic Solutions Private Limited
FY 2022 filings availableInnovegic Solutions Private Limited reported revenue of ₹28.19 Lakh (down 69% YoY) for FY 2022.
Revenue · FY 2022
₹28.19 Lakh ▼ 69%
Net loss · FY 2022
₹23,219 margin -0.8%
EBITDA · FY 2022
₹1.12 Lakh margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 69%
3 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 27%
Revenue has declined at a compounded annual rate (CAGR) of 22% over three years, including a 69% fall in the latest year. EBITDA fell 35% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹1.12 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹23,219 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4% | |||
| Net Profit Margin | -0.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Innovegic Solutions Private Limited, buy the company report.
Board of directors of Innovegic Solutions Private Limited
Innovegic Solutions 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 |
|---|---|---|---|---|
| Jay Subramaniam Chakrat Also directs: Ekaratech Private Limited | Director | 11 Jul 2018 | 8 Years 3 Months | Current |
| Manish Ashvinbhai Raval Also directs: Truptman Solutions LLP | Director | 11 Jul 2018 | 8 Years 3 Months | Current |
Peer comparison
Innovegic Solutions Private Limited is compared with the 6 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Pixmindz Labs Private Limited | ₹28.23 Lakh (FY 2023) | -78.0% | Hyderabad, Telangana, India | |||
| Alotis Digitech Private Limited | ₹28.2 Lakh (FY 2024) | -25.0% | Delhi, India | |||
| Invisage Alpha India Private Limited | ₹28.19 Lakh (FY 2021) | 121.0% | Hyderabad, Telangana, India | |||
| Innovegic Solutions Private Limitedthis company | ₹28.19 Lakh (FY 2022) | -₹23,219 | -0.8% | -69.0% | Ahmedabad, Gujarat, India | |
| SRRS Software Solution Private Limited | ₹28.18 Lakh (FY 2023) | -3.0% | Thane, Maharashtra, India | |||
| Redanglo (OPC) Private Limited | ₹28.16 Lakh (FY 2025) | 170.0% | Bathinda, Punjab, India | |||
| Emigta Business Solutions Private Limited | ₹28.15 Lakh (FY 2016) | -75.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Innovegic Solutions Private Limited, buy the company report.
Auditor
Innovegic Solutions Private Limited is audited by H R D & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H R D & ASSOCIATES | FY 2019 | 135012W |
Shareholding
The shareholding of Innovegic Solutions Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Innovegic Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovegic 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
No delayed payments to MSME suppliers are on our record for Innovegic Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innovegic Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI9313H1ZO | Gujarat | Active | 03 Aug 2018 |
To see the full GST registrations and return filing status of Innovegic Solutions Private Limited, buy the company report.
Recent activity
Innovegic Solutions Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Hamirbhai Naranbhai Nandaniya ceased to be Director on 10 Oct 2018.
AGM
Innovegic Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Innovegic Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ahmedabad.
Ceased
Hamirbhai Naranbhai Nandaniya ceased to be Director.
Appointed
Jay Subramaniam Chakrat was appointed as Director.
Appointed
Manish Ashvinbhai Raval was appointed as Director.
Incorporation
11 Jul 2018
Innovegic Solutions Private Limited was registered on 11 Jul 2018 with Roc Ahmedabad & aged 8 years 3 months as per MCA records.
Frequently asked questions
Innovegic Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 11 July 2018 (8+ years old) and is registered under CIN U72200GJ2018PTC103215.
Innovegic Solutions has 2 current directors:
- Jay Subramaniam Chakrat - Director
- Manish Ashvinbhai Raval - Director
The latest financial statements of Innovegic Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Innovegic Solutions is 24AAECI9313H1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Innovegic Solutions is U72200GJ2018PTC103215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovegic Solutions was incorporated on 11 July 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Innovegic Solutions by revenue are Pixmindz Labs Private Limited, Alotis Digitech Private Limited, Invisage Alpha India Private Limited, SRRS Software Solution Private Limited, Redanglo (OPC) Private Limited and 1 more, all in the same principal business activity (computer programming, consultancy and related activities).
Hamirbhai Naranbhai Nandaniya ceased to be Director on 10 Oct 2018. Jay Subramaniam Chakrat was appointed as Director on 11 Jul 2018. Manish Ashvinbhai Raval was appointed as Director on 11 Jul 2018.
Yes, Innovegic Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Innovegic Solutions can be reached through the website innovegicsolutions.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Innovegic Solutions is at B – 505 Titanium Square BH. Sarveshwar Tower Opp. B.M.W. Show Room Thaltej, Ahmedabad, Gujarat, India – 380054.
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