About Innoverts Network Private Limited
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Innoverts Network Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the edtech solutions segment of the education sector. It was incorporated on 05 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80903KA2019PTC129318. Its GSTIN is 29AAFCI4572D1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mohan Siddharth and Sanjay Ramappa Nayak.
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 No 160 3rd Main Road Sadananda Nagar Ngef Layout, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.61 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹26.94 Lakh (net margin 3.5%) and EBITDA of ₹44.16 Lakh (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years.
The company is associated with 1 brand: Innoverts Network. As per MCA filings, the company has open charges of ₹40 Lakh on record.
For more details, the company can be reached via its website innovertsnetwork.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 160 3rd Main Road Sadananda Nagar Ngef Layout, Bangalore, Karnataka, India – 560038
- IndustryEducation, EdTech 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 Innoverts Network Private Limited
The main business activity of Innoverts Network is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Innoverts Network Private Limited FY 2025 filings available
Innoverts Network Private Limited reported revenue of ₹7.61 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Innoverts Network Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 65% over three years, including 1% growth in the latest year. EBITDA fell 20% 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 Innoverts Network Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹44.16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.94 Lakh | •••• | •••• | •••• | •••• |
| 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 Innoverts Network Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 Innoverts Network are in the company report.
Financial statements from FY 2020
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 Innoverts Network Private Limited
Innoverts Network Private Limited is compared with the companies closest to it by revenue in the Education industry (Education Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Argasia Education Private Limited | ₹8.83 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Noida, Uttar Pradesh, India |
| Marketstrat Business Solutions Private Limited | ₹8.77 Cr (FY 2024) | •••• | •••• | 649.0% | •••• | Katihar, Bihar, India |
| Vipre SG India Private Limited | ₹8.69 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Pune, Maharashtra, India |
| Edulab Educational Exchange Private Limited | ₹8.39 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Ivy Minds Learning Solutions Private Limited | ₹7.81 Cr (FY 2025) | •••• | •••• | 148.0% | •••• | Mumbai, Maharashtra, India |
| Innoverts Network Private Limited this company | ₹7.61 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Elemento Learning Technologies Private Limited | ₹7.58 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Bangalore, Karnataka, India |
| Infogem Web Solutions Private Limited | ₹7.54 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Sppu Edutech Foundation | ₹7.53 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Pune, Maharashtra, India |
| IIT Kharagpur Ai4icps I Hub Foundation | ₹7.43 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Kharagpur, West Bengal, India |
| Enlearning Skill Development Limited | ₹7.43 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Innoverts Network by revenue in the Education industry (Education Technology), 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 Innoverts Network Private Limited
Innoverts Network Private Limited is audited by SRIDHAR NATARAJ AND ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SRIDHAR NATARAJ AND 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 Innoverts Network Private Limited
Innoverts Network has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Siddharth Also directs: Better Plan Imf LLP, Evoke Wellness LLP | Director | 16 Apr 2020 | 6 Years 5 Months | Current |
| Sanjay Ramappa Nayak | Director | 05 Nov 2019 | 6 Years 11 Months | Current |
Ownership and Shareholding of Innoverts Network 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 Innoverts Network Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2024 | Others | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Associated Brands with Innoverts Network Private Limited
Innoverts Network operates one associated brand: Innoverts Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AV system designing, distribution, integration, and maintenance for clients. | innovertsnetwork.com |
Employees and EPFO Compliance at Innoverts Network Private Limited
Employment history and EPFO contributions of people linked to Innoverts Network.
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 Innoverts Network Private Limited
Innoverts Network Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Navaneeth Rahul Arumugam ceased to be Director on 21 Feb 2022.
Credit Ratings, Litigation & Regulatory Alerts for Innoverts Network 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.
MSME Payment Delays by Innoverts Network Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Innoverts Network 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 Innoverts Network Private Limited
Innoverts Network has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI4572D1ZI | Karnataka | Active | 16 Dec 2019 |
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 Innoverts Network 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 Innoverts Network Private Limited
Innoverts Network is an active private limited company based in Bangalore, Karnataka, India. The company works in edtech solutions, within the education industry. It was incorporated on 05 November 2019 (7+ years old) and is registered under CIN U80903KA2019PTC129318.
Innoverts Network reported revenue of ₹7.61 Cr for FY 2024 (up 1% YoY).
Innoverts Network has 2 current directors:
- Mohan Siddharth - Director
- Sanjay Ramappa Nayak - Director
Innoverts Network reported a net profit of ₹26.94 Lakh (net margin 3.5%) and EBITDA of ₹44.16 Lakh (EBITDA margin 5.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innoverts Network is 65% over three years. In the latest year (FY 2024) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innoverts Network is 29AAFCI4572D1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Innoverts Network is U80903KA2019PTC129318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innoverts Network was incorporated on 05 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innoverts Network by revenue are Argasia Education Private Limited, Marketstrat Business Solutions Private Limited, Vipre SG India Private Limited, Edulab Educational Exchange Private Limited, Ivy Minds Learning Solutions Private Limited and 5 more, all in the Education industry (Education Technology).
Navaneeth Rahul Arumugam ceased to be Director on 21 Feb 2022. Mohan Siddharth ceased to be Additional Director on 31 Dec 2020. Mohan Siddharth was appointed as Director on 16 Apr 2020. Innoverts Network has 4 board changes on record in total.
Yes, Innoverts Network is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).