About Innvolution Healthcare Private Limited
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Innvolution Healthcare Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Orbimed Asia V Mauritius Limited. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 20 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2011PTC174870. Its GSTIN is 29AACCI7910G2ZI (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹14.79 Cr and a paid-up capital of ₹24.19 Lakh. It is led by directors including Ashvini Suthar and Gaurav Agarwal.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹323.31 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹8.6 Cr (net margin -2.7%) and EBITDA of ₹4.78 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years.
The company has about 614 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹473.98 Cr and satisfied charges of ₹14.84 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 innvolution.in.
Company details
Contact details
Innvolution Healthcare Private Limited's registered office is in Bangalore, Karnataka. Its website is innvolution.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.143 – A1 Bommasandra Industrial Area, Hebbagodi Village Attibele Hobli Anekal Taluk, Bangalore, Karnataka, India – 560099
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Innvolution Healthcare 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
Business activity
The main business activity of Innvolution Healthcare is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Innvolution Healthcare Private Limited, buy the company report.
Financials of Innvolution Healthcare Private Limited
FY 2024 filings availableInnvolution Healthcare Private Limited reported revenue of ₹323.31 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 54% over three years, including 13% growth in the latest year. EBITDA rose 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.6 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -2.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Innvolution Healthcare Private Limited, buy the company report.
Board of directors of Innvolution Healthcare Private Limited
Innvolution Healthcare has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashvini Suthar | Director | 20 Dec 2011 | 14 Years 10 Months | Current |
| Sunny Sharma Also directs: Marksans Pharma Limited, Advanced Enzyme Technologies Limited, Arcatron Mobility Private Limited and 5 more | Nominee Director | 19 Apr 2023 | 3 Years 6 Months | Current |
| Naresh Vashdev Alreja | Additional Director | 05 Jun 2025 | 1 Years 4 Months | Current |
| Ankesh Bhansali Also directs: Lattice Medtech Private Limited | Nominee Director | 19 Apr 2023 | 3 Years 6 Months | Current |
| Gaurav Agarwal Also directs: Innvolution Healthcare Private Limited, Bijat Ventures LLP, Fujifilm Innvolution Private Limited and 1 more | Director | 20 Dec 2011 | 14 Years 10 Months | Current |
Peer comparison
Innvolution Healthcare Private Limited is compared with the 6 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution, Medical Consumables), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zimmer India Private Limited | ₹339.74 Cr (FY 2025) | 11.0% | Gurgaon, Haryana, India | |||
| Mankind Prime Labs Private Limited | ₹332.48 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Konica Minolta Healthcare India Private Limited | ₹332.02 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Innvolution Healthcare Private Limitedthis company | ₹323.31 Cr (FY 2025) | -₹8.6 Cr | -2.7% | 13.0% | Bangalore, Karnataka, India | |
| Avik Televentures Private Limited | ₹322.36 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Premas Life Sciences Private Limited | ₹309.66 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Chhattisgarh Medical Services Corporation Limited | ₹305.27 Cr (FY 2019) | 17.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Innvolution Healthcare Private Limited, buy the company report.
Auditor
Innvolution Healthcare Private Limited is audited by Ashwani Joshi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashwani Joshi & Associates | FY 2023 | 005547N |
Shareholding
The shareholding of Innvolution Healthcare Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innvolution Healthcare Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2025 | 101194499 | Others | ₹20 Cr | Open | |
| 11 Aug 2025 | 101145112 | Others | ₹15 Cr | Open | |
| 11 Dec 2024 | 101091257 | Others | ₹91.74 Lakh | Open | |
| 03 Dec 2024 | 101091255 | Others | ₹91.74 Lakh | Open | |
| 21 Nov 2024 | 101030166 | Hdfc Bank Limited | ₹87.9 Lakh | Open |
To see the full charge records of Innvolution Healthcare Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
No court or tribunal cases involving Innvolution Healthcare 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
Innvolution Healthcare Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 32 overdue payments to 11 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 (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| VSG Packaging Private Limited | |||
| Janki Impex Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Innvolution Healthcare Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Innvolution Healthcare has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Innovation Imaging Technologies Private Limited | U33110KA2016PTC087188 |
To see the full group structure of Innvolution Healthcare Private Limited, buy the company report.
GST
Innvolution Healthcare has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI7910G2ZI | Karnataka | Active | 12 Jul 2020 |
| 29AACCI7910G3ZH | Karnataka | Active | 09 Mar 2025 |
| 09AACCI7910G1ZL | Uttar Pradesh | Active | 06 Jan 2018 |
| 37AACCI7910G1ZM | Andhra Pradesh | Active | 16 Jun 2021 |
To see the full GST registrations and return filing status of Innvolution Healthcare Private Limited, buy the company report.
Recent activity
Innvolution Healthcare Private Limited has 8 board changes on record since 2011: 5 appointments and 3 cessations. The latest: Naresh Vashdev Alreja was appointed as Additional Director on 05 Jun 2025.
26 earlier events are in the company report.
Frequently asked questions
Innvolution Healthcare is an active private limited company based in Bangalore, Karnataka, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 20 December 2011 (15+ years old) and is registered under CIN U74999KA2011PTC174870.
Innvolution Healthcare has 5 current directors:
- Ashvini Suthar - Director
- Sunny Sharma - Nominee Director
- Naresh Vashdev Alreja - Additional Director
- Ankesh Bhansali - Nominee Director
- Gaurav Agarwal - Director
The latest financial statements of Innvolution Healthcare on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Innvolution Healthcare is 29AACCI7910G2ZI, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 29AACCI7910G3ZH (Karnataka), 09AACCI7910G1ZL (Uttar Pradesh), 37AACCI7910G1ZM (Andhra Pradesh).
The CIN (Corporate Identification Number) of Innvolution Healthcare is U74999KA2011PTC174870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innvolution Healthcare was incorporated on 20 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innvolution Healthcare by revenue are Zimmer India Private Limited, Mankind Prime Labs Private Limited, Konica Minolta Healthcare India Private Limited, Avik Televentures Private Limited, Premas Life Sciences Private Limited and 1 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution, Medical Consumables), with the same principal business activity (wholesale trading).
Naresh Vashdev Alreja was appointed as Additional Director on 05 Jun 2025. Ankesh Bhansali was appointed as Nominee Director on 19 Apr 2023. Sunny Sharma was appointed as Nominee Director on 19 Apr 2023. Innvolution Healthcare has 8 board changes on record in total.
Innvolution Healthcare has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 32 overdue payments to 11 micro and small suppliers. The latest return was filed on 02 May 2024.
Innvolution Healthcare can be reached through the website innvolution.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Innvolution Healthcare is at Plot No.143 – A1 Bommasandra Industrial Area, Hebbagodi Village Attibele Hobli Anekal Taluk, Bangalore, Karnataka, India – 560099.
Innvolution Healthcare operates in the healthcare industry, in the medical equipment retail and distribution segment.
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