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Manthan Innovations Private Limited - business services in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.81 Lakh
▲ 92% YoY
Net loss · FY 2024
₹39,179
Net margin -5%
EBITDA · FY 2024
-₹38,566
EBITDA margin -4.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3.7 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Manthan Innovations Private Limited
Data last updated:
Manthan Innovations Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 12 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2018PTC046853. Its GSTIN is 23AAMCM1617J1ZI (Madhya Pradesh).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.7 Lakh. It is led by directors Nitin Singh and Rupesh Kumar.
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 60 Bardari Behind Aurobindo Hospital Sanwer Road New Indusrial Estate, Indore, Madhya Pradesh, India – 453111.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.81 Lakh, a growth of 92% compared to the previous year. For the same year it recorded a net loss of ₹39,179 (net margin -5%) and EBITDA of -₹38,566 (EBITDA margin -4.9%). Revenue has grown at a compounded annual rate (CAGR) of 190% over three years and 58% over five years.
Manthan Innovations Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0056469). For more details, the company can be reached via its website manthaninnovations.com.
Company details
CIN U74999MP2018PTC046853
Registration Number 046853
Incorporation Date 12 October 2018
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0056469
Key People
Nitin Singh Director Rupesh Kumar Director Recognitions & Rankings of Manthan Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0056469
Contact details
Manthan Innovations Private Limited's registered office is in Indore, Madhya Pradesh. Its website is manthaninnovations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address60 Bardari Behind Aurobindo Hospital Sanwer Road New Indusrial Estate, Indore, Madhya Pradesh, India – 453111
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Manthan Innovations Private Limited, buy the company report.
Comprehensive company report
Manthan Innovations Private Limited - 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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Business activity
The main business activity of Manthan Innovations is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
To see the full business activity and turnover split of Manthan Innovations Private Limited, buy the company report.
Financials of Manthan Innovations Private Limited
FY 2025 filings availableManthan Innovations Private Limited reported revenue of ₹7.81 Lakh (up 92% YoY) for FY 2024.
Revenue · FY 2024
₹7.81 Lakh ▲ 92%
Net loss · FY 2024
₹39,179 margin -5%
EBITDA · FY 2024
-₹38,566 margin -4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 92%
3 years · compounded
▲ 190%
5 years · compounded
▲ 58%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▼ 3%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 92% growth in the latest year. EBITDA rose 41% 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 |
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| EBITDA | -₹38,566 | ||||
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| Net Profit (PAT) | -₹39,179 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -4.9% | ||||
| Net Profit Margin | -5% | ||||
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To see the full financial statements and ratios of Manthan Innovations Private Limited, buy the company report.
Board of directors of Manthan Innovations Private Limited
Manthan Innovations has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Singh Also directs: Aayush Madhav LLP | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
| Rupesh Kumar Also directs: KV Ispat Private Limited | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Manthan Innovations Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Novish Biotech Private Limited | ₹7.91 Lakh (FY 2024) | Indore, Madhya Pradesh, India | ||||
| Prominent Systems Techresearch Private Limited | ₹7.9 Lakh (FY 2025) | -57.0% | Wardha, Maharashtra, India | |||
| Fifth Ventricle Private Limited | ₹7.89 Lakh (FY 2024) | -67.0% | Vadodara, Gujarat, India | |||
| Sbcex IT Service Private Limited | ₹7.89 Lakh (FY 2025) | -4.0% | Gandhinagar, Gujarat, India | |||
| Neoncloud Technologies Private Limited | ₹7.84 Lakh (FY 2025) | -43.0% | Ahmedabad, Gujarat, India | |||
| Manthan Innovations Private Limitedthis company | ₹7.81 Lakh (FY 2024) | -₹39,179 | -5% | 92.0% | Indore, Madhya Pradesh, India | |
| Hexa Instruments Private Limited | ₹7.8 Lakh (FY 2025) | -65.0% | Mumbai, Maharashtra, India | |||
| Futex Labs Private Limited | ₹7.78 Lakh (FY 2024) | Faridabad, Haryana, India | ||||
| Leadline Software and Trading Private Limited | ₹7.72 Lakh (FY 2019) | 5.0% | Mumbai, Maharashtra, India | |||
| Gyroid Photonics Innovations and Technologies Private Limited | ₹7.68 Lakh (FY 2025) | -88.0% | Bangalore, Karnataka, India | |||
| Nakhi Enterprises Private Limited | ₹7.65 Lakh (FY 2020) | 4.0% | Pune, Maharashtra, India |
To see the full peer comparison of Manthan Innovations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Manthan 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 Manthan Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Manthan Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAMCM1617J1ZI | Madhya Pradesh | Active | 30 Mar 2021 |
To see the full GST registrations and return filing status of Manthan Innovations Private Limited, buy the company report.
Recent activity
Manthan Innovations Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Nitin Singh was appointed as Director on 12 Oct 2018.
AGM
Manthan Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Manthan Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Nitin Singh was appointed as Director.
Appointed
Rupesh Kumar was appointed as Director.
Incorporation
12 Oct 2018
Manthan Innovations Private Limited was registered on 12 Oct 2018 with Roc Gwalior & aged 8 years 15 days as per MCA records.
Frequently asked questions
Manthan Innovations is an active private limited company based in Indore, Madhya Pradesh, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 12 October 2018 (8+ years old) and is registered under CIN U74999MP2018PTC046853.
Manthan Innovations has 2 current directors:
- Nitin Singh - Director
- Rupesh Kumar - Director
The latest financial statements of Manthan 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 FY 2019 are in the company report.
The GSTIN of Manthan Innovations is 23AAMCM1617J1ZI, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Manthan Innovations is U74999MP2018PTC046853. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manthan Innovations was incorporated on 12 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Manthan Innovations by revenue are Novish Biotech Private Limited, Prominent Systems Techresearch Private Limited, Fifth Ventricle Private Limited, Sbcex IT Service Private Limited, Neoncloud Technologies Private Limited and 5 more, all in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Nitin Singh was appointed as Director on 12 Oct 2018. Rupesh Kumar was appointed as Director on 12 Oct 2018.
Yes, Manthan Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Manthan Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0056469).
Manthan Innovations can be reached through the website manthaninnovations.com. Its registered office is in Indore, Madhya Pradesh, India.