MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-04-0130994
Kelkar Innovations LLP - research & development in Gangapur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹6.87 Cr
▼ 25% YoY
Net profit · FY 2026
₹2.94 Cr
Net margin 42.8%
EBITDA · FY 2026
₹4.55 Cr
EBITDA margin 66.3%
Contribution obligation
₹1 Lakh
As per LLP agreement
Open charges
₹1.9 Cr
Secured borrowings
LLP age
3 yrs
Est. 2023
Employees · EPFO
11
Provident fund records
Designated partners
2
As per MCA filings
About Kelkar Innovations LLP
Data last updated:
Kelkar Innovations LLP is a limited liability partnership (LLP) based in Gangapur, Maharashtra, India. It operates in the research and development sector. It was incorporated on 11 January 2023.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN ABZ-7955. Its GSTIN is 27AAZFK8780C1ZM (Maharashtra).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Sameer Milind Kelkar and Milind Shivajirao Bapat.
Its latest statement of accounts is for the year ended 31 March 2026. The registered office is at H 17 2 MIDC Waluj, Gangapur, Maharashtra, India – 431136.
As per the financials filed for FY 2026, the LLP reported a revenue of ₹6.87 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.94 Cr (net margin 42.8%) and EBITDA of ₹4.55 Cr (EBITDA margin 66.3%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years.
The LLP has about 11 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Grindmaster. As per MCA filings, the LLP has open charges of ₹1.9 Cr on record.
Kelkar Innovations LLP is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-04-0130994). For more details, the LLP can be reached via its website grindmaster.com.
Company details
LLPIN ABZ-7955
Incorporation Date 11 January 2023
Total Obligation of Contribution ₹1 Lakh
ROC Mumbai
Company Status Active
MSME Classification Micro
Udyam Registration UDYAM-MH-04-0130994
Recognitions & Rankings of Kelkar Innovations
Contact details
Kelkar Innovations LLP's registered office is in Gangapur, Maharashtra.
- Registered AddressH 17 2 MIDC Waluj, Gangapur, Maharashtra, India – 431136
- IndustryResearch & Development, Research & Development
Comprehensive company report
Kelkar Innovations LLP - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Kelkar Innovations operates one associated brand: Grindmaster. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kitchen equipment including beverage dispensers is manufactured and supplied. | grindmaster.com |
Financials of Kelkar Innovations LLP
FY 2026 filings availableKelkar Innovations LLP reported revenue of ₹6.87 Cr (down 25% YoY) for FY 2026.
Revenue · FY 2026
₹6.87 Cr ▼ 25%
Net profit · FY 2026
₹2.94 Cr margin 42.8%
EBITDA · FY 2026
₹4.55 Cr margin 66.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 63%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 65%
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 63%. EBITDA fell 23% 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
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income and Expenditure | ||||
| Turnover | ₹6.87 Cr | |||
| Other Income | ||||
| Total Income | ||||
| Purchases and Direct Costs | ||||
| Personnel Expenses | ||||
| Administrative Expenses | ||||
| Interest | ||||
| Depreciation | ||||
| Total Expenses | ||||
| Profit Before Tax | ||||
| Tax | ||||
| Profit After Tax | ₹2.94 Cr | |||
| Profit Transferred to Partners | ||||
| Assets and Liabilities | ||||
| Partners' Contribution | ||||
| Reserves and Surplus | ||||
| Secured Loans | ||||
| Unsecured Loans | ||||
| Trade Payables | ||||
| Other Liabilities and Provisions | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Loans and Advances | ||||
| Inventories | ||||
| Trade Receivables | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profitability | ||||
| Net Profit Margin | 42.8% | |||
| Return on Partners' Funds | ||||
| Return on Assets | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Debt to Partners' Funds | ||||
| Interest Coverage | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Turnover Growth | ||||
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To see the full financial statements and ratios of Kelkar Innovations LLP, buy the company report.
Designated partners of Kelkar Innovations LLP
Kelkar Innovations has 2 current designated partners and 2 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sameer Milind Kelkar | Designated Partner | 11 Jan 2023 | 3 Years 10 Months | Current |
| Milind Shivajirao Bapat | Designated Partner | 09 May 2024 | 2 Years 6 Months | Current |
Charges & borrowings
Open charges
₹1.9 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2023 | 100776956 | Axis Bank Limited | ₹1.9 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Kelkar Innovations LLP 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 Kelkar Innovations LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kelkar Innovations LLP has a workforce of 11 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
11
Active EPFO establishments
1
Employee growth
-15.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 11 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Kelkar Innovations LLP, buy the company report.
GST
Kelkar Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZFK8780C1ZM | Maharashtra | Active | 27 Feb 2023 |
To see the full GST registrations and return filing status of Kelkar Innovations LLP, buy the company report.
Recent activity
Kelkar Innovations LLP has 4 designated partner changes on record since 2023: 2 appointments and 2 cessations. The latest: Milind Shivajirao Bapat was appointed as Designated Partner on 09 May 2024.
AGM
Kelkar Innovations Llp last Annual general meeting of members was held on 31 Mar 2026 as per latest MCA records.
Filing
Kelkar Innovations Llp has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Appointed
Milind Shivajirao Bapat was appointed as Designated Partner.
Ceased
Milind Shivajirao Bapat ceased to be Designated Partner.
Ceased
Mohini Milind Kelkar ceased to be Designated Partner.
Charges
A charge with Axis Bank Limited amounted to Rs. 190.00 Lakh with Charge ID 100776956 was registered on 30 Aug 2023.
Appointed
Sameer Milind Kelkar was appointed as Designated Partner.
Incorporation
11 Jan 2023
Kelkar Innovations Llp was registered on 11 Jan 2023 with Roc Mumbai Ii & aged 3 years 10 months as per MCA records.
Frequently asked questions
Kelkar Innovations is an active limited liability partnership based in Gangapur, Maharashtra, India. The LLP works in the research and development industry. It was incorporated on 11 January 2023 (3+ years old) and is registered under LLPIN ABZ-7955.
Kelkar Innovations has 2 current designated partners:
- Sameer Milind Kelkar - Designated Partner
- Milind Shivajirao Bapat - Designated Partner
The latest financial statements of Kelkar Innovations on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 March 2026. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Kelkar Innovations is 27AAZFK8780C1ZM, registered in Maharashtra.
The LLPIN (Limited Liability Partnership Identification Number) of Kelkar Innovations is ABZ-7955. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Kelkar Innovations was incorporated on 11 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Milind Shivajirao Bapat was appointed as Designated Partner on 09 May 2024. Milind Shivajirao Bapat ceased to be Designated Partner on 09 May 2024. Mohini Milind Kelkar ceased to be Designated Partner on 09 May 2024. Kelkar Innovations has 4 designated partner changes on record in total.
Yes, Kelkar Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-04-0130994).
Kelkar Innovations can be reached through the website grindmaster.com. Its registered office is in Gangapur, Maharashtra, India.
The registered office of Kelkar Innovations is at H 17 2 MIDC Waluj, Gangapur, Maharashtra, India – 431136.
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