About Innovify Business Intelligence Services Private Limited
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Innovify Business Intelligence Services Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Innovify Uk Ltd. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 04 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2013PTC074875. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vikas Arunkumar Agarwal and Goutamkumar Shreemali.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1105 – 1106 Shivalik Abaise Opp. Anand Nagar Flats Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.46 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹26,291 (net margin 18.1%) and EBITDA of -₹82,960 (EBITDA margin -57%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 70% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovify.com.
Company details
Contact details
Innovify Business Intelligence Services Private Limited's registered office is in Ahmedabad, Gujarat. Its website is innovify.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1105 – 1106 Shivalik Abaise Opp. Anand Nagar Flats Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Innovify Business Intelligence Services Private Limited, buy the company report.
- 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
Financials of Innovify Business Intelligence Services Private Limited
FY 2024 filings availableInnovify Business Intelligence Services Private Limited reported revenue of ₹1.46 Lakh (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over five years, including a 98% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Revenue | ₹1.46 Lakh | ||||
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| EBITDA | -₹82,960 | ||||
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| Net Profit (PAT) | ₹26,291 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -57% | ||||
| Net Profit Margin | 18.1% | ||||
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To see the full financial statements and ratios of Innovify Business Intelligence Services Private Limited, buy the company report.
Board of directors of Innovify Business Intelligence Services Private Limited
Innovify Business Intelligence Services 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 |
|---|---|---|---|---|
| Vikas Arunkumar Agarwal Also directs: Growexx AI Solutions LLP, MDC Impex Private Limited, Trovato Technologies Private Limited and 2 more | Director | 04 May 2013 | 13 Years 5 Months | Current |
| Goutamkumar Shreemali | Additional Director | 27 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Innovify Business Intelligence Services Private Limited is audited by C N K KHANDWALA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K KHANDWALA & ASSOCIATES | FY 2023 | 107647W |
Shareholding
The shareholding of Innovify Business Intelligence Services Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovify Business Intelligence Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innovify Business Intelligence Services 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 Innovify Business Intelligence Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Innovify Business Intelligence Services Private Limited has a workforce of 26 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Innovify Business Intelligence Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Innovify Business Intelligence Services Private Limited, buy the company report.
Recent activity
Innovify Business Intelligence Services Private Limited has 4 board changes on record since 2013: 2 appointments and 2 cessations. The latest: Ruchit Suryakant Jani ceased to be Director on 01 Mar 2025.
Frequently asked questions
Innovify Business Intelligence Services is an active private limited company based in Ahmedabad, Gujarat, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 04 May 2013 (13+ years old) and is registered under CIN U72200GJ2013PTC074875.
Innovify Business Intelligence Services has 2 current directors:
- Vikas Arunkumar Agarwal - Director
- Goutamkumar Shreemali - Additional Director
The latest financial statements of Innovify Business Intelligence Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Innovify Business Intelligence Services has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovify Business Intelligence Services is U72200GJ2013PTC074875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovify Business Intelligence Services was incorporated on 04 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ruchit Suryakant Jani ceased to be Director on 01 Mar 2025. Goutamkumar Shreemali was appointed as Additional Director on 27 Feb 2025. Maulik Chandrakant Sailor ceased to be Director on 03 Aug 2021. Innovify Business Intelligence Services has 4 board changes on record in total.
Innovify Business Intelligence Services can be reached through the website innovify.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Innovify Business Intelligence Services is at 1105 – 1106 Shivalik Abaise Opp. Anand Nagar Flats Prahladnagar, Ahmedabad, Gujarat, India – 380015.
Innovify Business Intelligence Services operates in the business outsourcing industry, in the business and IT consulting segment.