About Innowear Technologies Private Limited
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Innowear Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the data processing and IT services segment of the technology and IT services sector. It was incorporated on 20 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015PTC082390. Its GSTIN is 29AADCI9431M1Z1 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chandan Sethi and Narendra Maravanthe Shankar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No – 745 3rd Floor 10th Main 3rd Stage 3rd Block Basaveshwar Nagar, Bengaluru, Karnataka, India – 560079.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.79 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹28,501 (net margin -7.5%) and EBITDA of -₹19,207 (EBITDA margin -5.1%). Revenue has declined at a compounded annual rate (CAGR) of 342% over three years and 23% over five years.
The company is associated with 1 brand: innoWear HK.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innowear.hk.
Company details
Contact details
Innowear Technologies Private Limited's registered office is in Bengaluru, Karnataka. Its website is innowear.hk. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo – 745 3rd Floor 10th Main 3rd Stage 3rd Block Basaveshwar Nagar, Bengaluru, Karnataka, India – 560079
- IndustryInformation Technology, Data Processing, Hosting And Related Activities
To see the full contact details of Innowear Technologies 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
Brands
Innowear Technologies operates one associated brand: innoWear HK. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers an activity tracking wristband for users. | innowear.hk |
Business activity
The main business activity of Innowear Technologies is professional, scientific and technical. In detail, this covers specialized design & photographic activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M7 | Specialized Design & Photographic activities |
To see the full business activity and turnover split of Innowear Technologies Private Limited, buy the company report.
Financials of Innowear Technologies Private Limited
FY 2023 filings availableInnowear Technologies Private Limited reported revenue of ₹3.79 Lakh (up 11% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA fell 195% 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
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| EBITDA | -₹19,207 | ||||
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| Net Profit (PAT) | -₹28,501 | ||||
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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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| EBITDA Margin | -5.1% | ||||
| Net Profit Margin | -7.5% | ||||
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To see the full financial statements and ratios of Innowear Technologies Private Limited, buy the company report.
Board of directors of Innowear Technologies Private Limited
Innowear Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandan Sethi | Director | 20 Aug 2015 | 11 Years 2 Months | Current |
| Narendra Maravanthe Shankar Also directs: Innowear Solutions Private Limited, Krishine Roots LLP | Director | 20 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Innowear Technologies Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (specialized design & photographic activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Navarang Photo Colour Lab Private Limited | ₹3.85 Lakh (FY 2016) | -7.0% | Rajasthan, India | |||
| Uawing Aerial Solutions Private Limited | ₹3.83 Lakh (FY 2020) | Nagpur, Maharashtra, India | ||||
| Shram Sadhana Media Communication Private Limited | ₹3.82 Lakh (FY 2023) | 29.0% | Gwalior, Madhya Pradesh, India | |||
| Enthudes Design Private Limited | ₹3.8 Lakh (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Sketch the Interior & Spatial Design Studio Private Limited | ₹3.79 Lakh (FY 2018) | -46.0% | Mumbai, Maharashtra, India | |||
| Innowear Technologies Private Limitedthis company | ₹3.79 Lakh (FY 2023) | -₹28,501 | -7.5% | 11.0% | Bengaluru, Karnataka, India | |
| Progilex Innovations Private Limited | ₹3.78 Lakh (FY 2024) | Thane, Maharashtra, India | ||||
| 2K Photography Private Limited | ₹3.78 Lakh (FY 2025) | -84.0% | Jaipur, Rajasthan, India | |||
| Alt Innovate Technologies Private Limited | ₹3.77 Lakh (FY 2023) | 697.0% | Pune, Maharashtra, India | |||
| Metavate Solutions Private Limited | ₹3.75 Lakh (FY 2024) | New Delhi, Delhi, India | ||||
| Pencod Canvas Private Limited | ₹3.66 Lakh (FY 2023) | Kozhikkode, Kerala, India |
To see the full peer comparison of Innowear Technologies Private Limited, buy the company report.
Auditor
Innowear Technologies Private Limited is audited by Mohana Mani & Associates for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mohana Mani & Associates | FY 2017 | 010711S |
Shareholding
The shareholding of Innowear Technologies Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Innowear Technologies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Innowear Technologies 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 Innowear Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Innowear Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI9431M1Z1 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innowear Technologies Private Limited, buy the company report.
Recent activity
Innowear Technologies Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Chandan Sethi was appointed as Director on 20 Aug 2015.
Frequently asked questions
Innowear Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in data processing, within the information technology industry. It was incorporated on 20 August 2015 (11+ years old) and is registered under CIN U72900KA2015PTC082390.
Innowear Technologies has 2 current directors:
- Chandan Sethi - Director
- Narendra Maravanthe Shankar - Director
The latest financial statements of Innowear Technologies on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Innowear Technologies is 29AADCI9431M1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Innowear Technologies is U72900KA2015PTC082390. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innowear Technologies was incorporated on 20 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innowear Technologies by revenue are Navarang Photo Colour Lab Private Limited, Uawing Aerial Solutions Private Limited, Shram Sadhana Media Communication Private Limited, Enthudes Design Private Limited, Sketch the Interior & Spatial Design Studio Private Limited and 5 more, all in the same principal business activity (specialized design & photographic activities).
Chandan Sethi was appointed as Director on 20 Aug 2015. Narendra Maravanthe Shankar was appointed as Director on 20 Aug 2015.
Innowear Technologies can be reached through the website innowear.hk. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Innowear Technologies is at No – 745 3rd Floor 10th Main 3rd Stage 3rd Block Basaveshwar Nagar, Bengaluru, Karnataka, India – 560079.
Innowear Technologies operates in the information technology industry, in the data processing segment.