About Itvis Innovations Private Limited
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Itvis Innovations Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 28 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2018PTC317556. Its GSTIN is 27AAFCI0799G1ZB (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Mehul Jadavji Shah and Biju John.
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 1301 13th Floor Peninsula Business Park Tower B Senapati Bapat Marg Lower Parel – West, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹78.97 Lakh (net margin 9.5%) and EBITDA of ₹1.42 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 62% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iTvis. The company has 2 deals on record (2 secondary share transfers); the latest was in February 2022. Its 10 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Mamal Capacitors P Ltd with revenue of ₹8.33 Cr. The company has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 16 overdue payments to 6 micro and small suppliers.
For more details, the company can be reached via its website itvisinnovations.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1301 13th Floor Peninsula Business Park Tower B Senapati Bapat Marg Lower Parel – West, Mumbai, Maharashtra, India – 400013
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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 Itvis Innovations Private Limited
The main business activity of Itvis Innovations 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 Itvis Innovations Private Limited FY 2024 filings available
Itvis Innovations Private Limited reported revenue of ₹8.29 Cr (up 185% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Itvis Innovations Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 185% growth in the latest year. EBITDA rose 328% 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 Itvis Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78.97 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 Itvis Innovations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.5% | •••• | •••• | •••• | •••• |
| 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 Itvis Innovations are in the company report.
Financial statements from FY 2019
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 Itvis Innovations Private Limited
Itvis Innovations Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mamal Capacitors P Ltd | ₹8.33 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Varni Digital Private Limited | ₹8.32 Cr (FY 2024) | •••• | •••• | 149.0% | •••• | Vadodara, Gujarat, India |
| Am Prototyping Labs Private Limited | ₹8.31 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Borivlai East, Maharashtra, India |
| Podrain Electronics Private Limited | ₹8.3 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Bangalore, Karnataka, India |
| Amdoit Technologies Private Limited | ₹8.29 Cr (FY 2025) | •••• | •••• | 107.0% | •••• | Bhosari, Maharashtra, India |
| Itvis Innovations Private Limited this company | ₹8.29 Cr (FY 2025) | •••• | •••• | 185.0% | •••• | Mumbai, Maharashtra, India |
| Yu Technologies Private Limited | ₹8.24 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Sangli, Maharashtra, India |
| Refu Drive India Private Limited | ₹8.21 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Pune, Maharashtra, India |
| Softview Technologies Private Limited | ₹8.18 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
| Krishna Gravure Private Limited | ₹8.16 Cr (FY 2023) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Accurate Computing Solutions Private Limited | ₹8.16 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Vazhuthacaud, Kerala, India |
Peers are the five companies nearest above and the five nearest below Itvis Innovations by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Itvis Innovations Private Limited
Itvis Innovations Private Limited is audited by A. C. MODI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A. C. MODI & 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 Itvis Innovations Private Limited
Itvis Innovations has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Jadavji Shah | Director | 17 Feb 2022 | 4 Years 7 Months | Current |
| Biju John Also directs: Linve Creations Private Limited, Ballcom Systems Private Limited | Director | 28 Nov 2018 | 7 Years 10 Months | Current |
| Hemang Jadavji Shah Also directs: Anchor Sky Scrapers LLP, Om Shanti Housing Development LLP, Great White Constructions LLP and 5 more | Director | 17 Feb 2022 | 4 Years 7 Months | Current |
Ownership and Shareholding of Itvis Innovations 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 Itvis Innovations Private Limited
Itvis Innovations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Itvis Innovations Private Limited
Itvis Innovations Private Limited has 2 deals on record (2 secondary share transfers); the latest was in February 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Itvis Innovations Private Limited
Itvis Innovations Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 16 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Art Luminaires | •••• | •••• | •••• |
| Fulham (India) Private Limited | •••• | •••• | •••• |
| Ecolux India Private Limited | •••• | •••• | •••• |
| Fortunearrt Led Lighting Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Itvis Innovations Private Limited
Itvis Innovations operates one associated brand: iTvis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers sensors, drivers, and luminaires for lighting automation projects. | itvisinnovations.com |
Employees and EPFO Compliance at Itvis Innovations Private Limited
Itvis Innovations Private Limited has a workforce of 15 employees as of Apr 09, 2024.
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 Itvis Innovations Private Limited
Itvis Innovations Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Hemang Jadavji Shah ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Itvis Innovations 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.
Subsidiaries & Group Companies of Itvis Innovations 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 Itvis Innovations Private Limited
Itvis Innovations has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI0799G1ZB | Maharashtra | Active | 12 Jul 2019 |
| 24AAFCI0799G1ZH | Gujarat | Active | 06 May 2022 |
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 Itvis Innovations 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 Itvis Innovations Private Limited
Itvis Innovations is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 28 November 2018 (8+ years old) and is registered under CIN U51909MH2018PTC317556.
Itvis Innovations reported revenue of ₹8.29 Cr for FY 2025 (up 185% YoY).
Itvis Innovations has 3 current directors:
- Mehul Jadavji Shah - Director
- Biju John - Director
- Hemang Jadavji Shah - Director
Itvis Innovations reported a net profit of ₹78.97 Lakh (net margin 9.5%) and EBITDA of ₹1.42 Cr (EBITDA margin 17.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Itvis Innovations is 46% over three years and 62% over five years. In the latest year (FY 2025) revenue rose 185%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Itvis Innovations is 27AAFCI0799G1ZB, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAFCI0799G1ZH (Gujarat).
The CIN (Corporate Identification Number) of Itvis Innovations is U51909MH2018PTC317556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itvis Innovations was incorporated on 28 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Itvis Innovations has 2 deals on record (2 secondary share transfers); the latest was in February 2022.
The peers of Itvis Innovations by revenue are Mamal Capacitors P Ltd, Varni Digital Private Limited, Am Prototyping Labs Private Limited, Podrain Electronics Private Limited, Amdoit Technologies Private Limited and 5 more, all in the Information Technology industry (Electronic Equipment and Components Manufacturing).
Hemang Jadavji Shah ceased to be Additional Director on 30 Sep 2022. Mehul Jadavji Shah ceased to be Additional Director on 30 Sep 2022. Lincy George ceased to be Additional Director on 22 Feb 2022. Itvis Innovations has 8 board changes on record in total.
Yes, Itvis Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).