About Itas Innovations Private Limited
Data last updated:
Itas Innovations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 January 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC072861. Its GSTIN is 29AADCI4369N1ZW (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹17 Lakh. It is led by directors Umesh Shivashankar Galagali and Doddannegowda Jaipal.
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 1585 3rd Floor 60 Ft Road 'B' Block Sahakaranagar, Bangalore, Karnataka, India – 560092.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.17 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹80.19 Lakh (net margin 15.5%) and EBITDA of ₹1.2 Cr (EBITDA margin 23.2%). Revenue has grown at a compounded annual rate (CAGR) of 552% over three years and 26% over five years.
The company is associated with 1 brand: iTAS Innovations.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website itasin.com.
Company details
Contact details
Itas Innovations Private Limited's registered office is in Bangalore, Karnataka. Its website is itasin.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1585 3rd Floor 60 Ft Road 'B' Block Sahakaranagar, Bangalore, Karnataka, India – 560092
- IndustryInformation Technology, Application Development & Software Solutions, Web Design & Maintenance Services
To see the full contact details of Itas Innovations 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
Itas Innovations operates one associated brand: iTAS Innovations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of IoT, embedded systems, and wireless communication solutions in the technology sector. | itasin.com |
Business activity
The main business activity of Itas Innovations is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Itas Innovations Private Limited, buy the company report.
Financials of Itas Innovations Private Limited
FY 2025 filings availableItas Innovations Private Limited reported revenue of ₹5.17 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 12% growth in the latest year. EBITDA rose 13% 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 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 | ₹1.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹80.19 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.2% | ||||
| Net Profit Margin | 15.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Itas Innovations Private Limited, buy the company report.
Board of directors of Itas Innovations Private Limited
Itas Innovations 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 |
|---|---|---|---|---|
| Umesh Shivashankar Galagali Also directs: Vishwabharati Technologies Private Limited | Director | 03 Jan 2014 | 12 Years 9 Months | Current |
| Doddannegowda Jaipal | Director | 03 Jan 2014 | 12 Years 9 Months | Current |
Auditor
Itas Innovations Private Limited is audited by MOHAN & SRIDHAR for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN & SRIDHAR | FY 2020 | 002097S |
Shareholding
The shareholding of Itas Innovations Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Itas Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Itas Innovations 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 Itas Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Itas Innovations Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Itas Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI4369N1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Itas Innovations Private Limited, buy the company report.
Recent activity
Itas Innovations Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Vishwanatha Hattera ceased to be Director on 05 Jul 2016.
Frequently asked questions
Itas Innovations is an active private limited company based in Bangalore, Karnataka, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 January 2014 (12+ years old) and is registered under CIN U74900KA2014PTC072861.
Itas Innovations has 2 current directors:
- Umesh Shivashankar Galagali - Director
- Doddannegowda Jaipal - Director
The latest financial statements of Itas Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Itas Innovations is 29AADCI4369N1ZW, registered in Karnataka.
The CIN (Corporate Identification Number) of Itas Innovations is U74900KA2014PTC072861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itas Innovations was incorporated on 03 January 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Vishwanatha Hattera ceased to be Director on 05 Jul 2016. Vijay Ganapati Chandrasali ceased to be Director on 13 May 2015. Doddannegowda Jaipal was appointed as Director on 03 Jan 2014. Itas Innovations has 4 board changes on record in total.
Itas Innovations can be reached through the website itasin.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Itas Innovations is at 1585 3rd Floor 60 Ft Road B Block Sahakaranagar, Bangalore, Karnataka, India – 560092.
Itas Innovations operates in the information technology industry, in the application development and software solutions segment.