About Innover Systems Private Limited
Data last updated:
Innover Systems Private Limited is a private limited company based in Pune, Maharashtra, 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 26 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2014PTC153222. Its GSTIN is 29AADCI6766K1ZX (Karnataka). The company holds 2 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 is led by directors Omkar Nitin Patil and Aniket Jagtap Padmakarrao.
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 Office No – 812 Westport Pancard Club Road, Baner Pune West Maharashtra, Maharashtra, India – 411045.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3 Cr (net margin 9.1%) and EBITDA of ₹4.37 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 212% over three years and 103% over five years.
The company is associated with 1 brand: Innover Systems. As per MCA filings, the company has open charges of ₹3.63 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innoversystems.com.
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- Registered AddressOffice No – 812 Westport Pancard Club Road, Baner Pune West Maharashtra, Maharashtra, India – 411045
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Innover Systems Private Limited
The main business activity of Innover Systems is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Innover Systems Private Limited FY 2025 filings available
Innover Systems Private Limited reported revenue of ₹33.02 Cr (up 674% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Innover Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 103% over five years, including 674% growth in the latest year. EBITDA rose 624% 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 Innover Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹4.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3 Cr | •••• | •••• | •••• | •••• |
| 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 Innover Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.1% | •••• | •••• | •••• | •••• |
| 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 Innover Systems 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.
Peer Comparison of Innover Systems Private Limited
Innover Systems Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Invasystems Digital India Private Limited | ₹33.4 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Pune, Maharashtra, India |
| Fairmatic Technologies India Private Limited | ₹33.4 Cr (FY 2024) | •••• | •••• | 117.0% | •••• | Bangalore, Karnataka, India |
| Seecubic India Private Limited | ₹33.33 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Pune, Maharashtra, India |
| Gamkaban Software Private Limited | ₹33.29 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Surat, Gujarat, India |
| Anb Systems Private Limited | ₹33.08 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Innover Systems Private Limited this company | ₹33.02 Cr (FY 2025) | •••• | •••• | 674.0% | •••• | Pune, Maharashtra, India |
| Professional Softec Private Limited | ₹33.01 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Jaipur, Rajasthan, India |
| JRK Infotech Private Limited | ₹32.99 Cr (FY 2025) | •••• | •••• | 133.0% | •••• | Mumbai, Maharashtra, India |
| Staragile Consulting Private Limited | ₹32.94 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Sails Software Solutions Private Limited | ₹32.88 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Scitara Technologies Private Limited | ₹32.87 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Innover Systems by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Innover Systems Private Limited
Innover Systems Private Limited is audited by PSBC & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PSBC & 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.
Board of Directors of Innover Systems Private Limited
Innover Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omkar Nitin Patil Also directs: Innover Systech LLP, Gruhshilp Construction & Innovations LLP, E-Voltric Systems Private Limited and 3 more | Director | 26 Nov 2014 | 11 Years 10 Months | Current |
| Aniket Jagtap Padmakarrao Also directs: Innover Systech LLP, Gruhshilp Construction and Landmark LLP, Gruhshilp Construction & Innovations LLP and 3 more | Director | 26 Nov 2014 | 11 Years 10 Months | Current |
Ownership and Shareholding of Innover Systems 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 Innover Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 May 2025 | Others | ₹1.27 Cr | Open |
| 29 Mar 2025 | Others | ₹93 Lakh | Open |
| 16 Mar 2024 | Others | ₹1.43 Cr | Open |
Total charge records: 3 View all charges
MSME Payment Delays by Innover Systems Private Limited
Innover Systems Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 13 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| KPRC & Associates | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Innover Systems Private Limited
Innover Systems operates one associated brand: Innover Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT solutions including app development, software, and consulting services worldwide. | innoversystems.com |
Employees and EPFO Compliance at Innover Systems Private Limited
Employment history and EPFO contributions of people linked to Innover Systems.
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 Innover Systems Private Limited
Innover Systems Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Nakul Nitin Alias Madanmohan Shitole ceased to be Director on 03 Sep 2024.
Credit Ratings, Litigation & Regulatory Alerts for Innover Systems 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.
Subsidiaries & Group Companies of Innover Systems 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 Innover Systems Private Limited
Innover Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI6766K1ZX | Karnataka | Active | 13 Dec 2021 |
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 Innover Systems 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 Innover Systems Private Limited
Innover Systems is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 26 November 2014 (12+ years old) and is registered under CIN U72200PN2014PTC153222.
Innover Systems reported revenue of ₹33.02 Cr for FY 2025 (up 674% YoY).
Innover Systems has 2 current directors:
- Omkar Nitin Patil - Director
- Aniket Jagtap Padmakarrao - Director
Innover Systems reported a net profit of ₹3 Cr (net margin 9.1%) and EBITDA of ₹4.37 Cr (EBITDA margin 13.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innover Systems is 212% over three years and 103% over five years. In the latest year (FY 2025) revenue rose 674%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innover Systems is 29AADCI6766K1ZX, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Innover Systems is U72200PN2014PTC153222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innover Systems was incorporated on 26 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Innover Systems by revenue are Invasystems Digital India Private Limited, Fairmatic Technologies India Private Limited, Seecubic India Private Limited, Gamkaban Software Private Limited, Anb Systems Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Nakul Nitin Alias Madanmohan Shitole ceased to be Director on 03 Sep 2024. Aniket Jagtap Padmakarrao was appointed as Director on 26 Nov 2014. Omkar Nitin Patil was appointed as Director on 26 Nov 2014.
Yes, Innover Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Innover Systems has 5 MSME Form 1 returns on record between 2019 and 2022, listing 13 overdue payments to 2 micro and small suppliers. The latest return was filed on 22 Nov 2022.