Innovative Foods Limited

Innovative Foods Limited - food and beverages in Kochi, Kerala, India. FY 2026 financials & compliance.
CIN U51909KL1989PLC005465 Incorporated 01 September 1989 ROC Ernakulam HQ Kochi, Kerala, India
Active Public Limited Company food and beverages MSME · Medium
Data last updated
Revenue · FY 2024
₹103.08 Cr
▼ 16% YoY
Net loss · FY 2024
₹43.32 Cr
Net margin -42%
EBITDA · FY 2024
-₹34.74 Cr
EBITDA margin -33.7%
Authorised capital
₹115 Cr
Registered with MCA
Paid-up capital
₹108.94 Cr
Issued & subscribed
Open charges
₹40.36 Cr
Satisfied ₹73.1 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
278
Provident fund records

About Innovative Foods Limited

Data last updated:

Innovative Foods Limited is a public limited company based in Kochi, Kerala, India, a subsidiary of Peepul Capital Fund Iii Llc. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 01 September 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51909KL1989PLC005465. Its GSTIN is 32AAACI5750N1ZH (Kerala). The company holds 19 GST registrations, of which 10 are active.

The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹108.94 Cr. It was formerly known as Innovative Marine Foods Limited. It is led by directors including Manoj Kumar Parameswaran (Whole-Time Director) and Anandavally Narayanan.

Its last annual general meeting (AGM) was held on 14 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chakolas Habitat A Block 1 C Thevara Ferry Road, Kochi, Kerala, India – 682013.

As per the financials filed for FY 2024, the company reported a revenue of ₹103.08 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹43.32 Cr (net margin -42%) and EBITDA of -₹34.74 Cr (EBITDA margin -33.7%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 7% over five years.

The company has about 278 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Sumeru Frozen Foods. As per MCA filings, the company has open charges of ₹40.36 Cr and satisfied charges of ₹73.1 Cr on record. Court records list 81 cases involving the company, including 56 filed by the company and 25 filed against it; 16 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹123.43 Cr; the latest was in June 2019. The company has 15 MSME Form 1 returns on record between 2019 and 2023, listing 131 overdue payments to 37 micro and small suppliers.

Innovative Foods Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0007224). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sumeru.net.

Company details

CIN U51909KL1989PLC005465
Registration Number 005465
Incorporation Date 01 September 1989
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 November 2024
Date of Balance Sheet 31 March 2024
Parent Company Peepul Capital Fund Iii Llc
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0007224

CIN history

Innovative Foods has one previous CIN (Corporate Identification Number): L51909KL1989PLC005465. The current CIN is U51909KL1989PLC005465, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U51909KL1989PLC005465Current
L51909KL1989PLC005465Previous
Key People
Manoj Kumar Parameswaran Whole-Time Director Anandavally Narayanan Director Saurabh Vijay Saxena Director

Recognitions & Rankings of Innovative Foods

MSME (Udyam registered) Ministry of MSME
Category
Medium (2022-23)
Udyam number
UDYAM-KL-02-0007224

Contact details

Innovative Foods Limited's registered office is in Kochi, Kerala. Its website is sumeru.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    sumeru.net
  • Social Media
  • Registered Address
    Chakolas Habitat A Block 1 C Thevara Ferry Road, Kochi, Kerala, India – 682013
  • Industry
    Food and Beverages, Instant & Ready-to-Eat Foods

To see the full contact details of Innovative Foods Limited, buy the company report.

Comprehensive company report
Innovative Foods 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Innovative Foods operates one associated brand: Sumeru Frozen Foods. Each brand links to its own profile.

BrandDescriptionWebsite
Sumeru Frozen Foods
Sumeru Frozen Foods is engaged in producing frozen food products.sumeru.net

Business activity

The main business activity of Innovative Foods is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
IAccommodation and Food ServiceI2Food and beverage services provided by hotels, restaurants, caterers, etc.

To see the full business activity and turnover split of Innovative Foods Limited, buy the company report.

Financials of Innovative Foods Limited

FY 2024 filings available

Innovative Foods Limited reported revenue of ₹103.08 Cr (down 16% YoY) for FY 2024.

Revenue · FY 2024
₹103.08 Cr ▼ 16%
Net loss · FY 2024
₹43.32 Cr margin -42%
EBITDA · FY 2024
-₹34.74 Cr margin -33.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 6%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▼ 103%
5 years · compounded
▼ 19%

Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 65% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹34.74 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹43.32 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-33.7%
Net Profit Margin-42%
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 Innovative Foods Limited, buy the company report.

Board of directors of Innovative Foods Limited

Innovative Foods has 3 current directors and 48 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manoj Kumar Parameswaran
Also directs: Ceemed Surgicals Private Limited
Whole-Time Director13 Apr 201115 Years 6 MonthsCurrent
Anandavally Narayanan
Also directs: Penver Products Limited
Director30 Dec 20205 Years 10 MonthsCurrent
Saurabh Vijay SaxenaDirector18 Apr 20233 Years 6 MonthsCurrent
View all directors

Auditor

Innovative Foods Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
DELOITTE HASKINS & SELLS LLPFY 2023117366W/W-100018

Shareholding

The shareholding of Innovative Foods Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Innovative Foods Limited, buy the company report.

Charges & borrowings

Open charges
₹40.36 Cr
Satisfied charges
₹73.1 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹25.36 Cr
Others₹15.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Feb 2021100481422Others₹15 CrOpen
04 Sep 2020100374535Hdfc Bank Limited₹3.35 CrOpen
30 Dec 201310473253Hdfc Bank Limited₹22.01 CrOpen
02 Jul 2018100199890Hdfc Bank Limited₹1.5 CrSatisfied
05 May 2017100123081Hdfc Bank Limited₹10.5 CrSatisfied

To see the full charge records of Innovative Foods Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Innovative Foods Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹123.43 Cr; the latest was in June 2019.

Total deals
7
Funding rounds
4
Secondary share transfers
2
Acquisition
1
Disclosed funding
₹123.43 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Jun 2019Funding round₹15 CrInvestors: Peepul Capital
May 2018Funding round₹20 CrInvestors: Peepul Capital
Mar 2018Secondary share transferUndisclosedBuyer: Residency Foods and Beverages Ltd , Saudi Fisheries Company, 2 individuals
Seller: Others Innovative Foods Limited
Mar 2011Secondary share transferUndisclosedBuyer: India Equity Partners
Seller: Residency Foods and Beverages Ltd
Aug 2010Funding round₹35.5 CrInvestors: India Equity Partners, Residency Foods and Beverages Ltd

To see the full deal history of Innovative Foods Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Innovative Foods Limited has 15 MSME Form 1 returns on record between 2019 and 2023, listing 131 overdue payments to 37 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 37)

SupplierAmount dueDue sinceReported on
Symega Food Ingredients Limited
Travancore Express Packs
Flavours of Kerala
Crown Flakes Private Limited
Nasfood Exim

To see the full MSME payment records of Innovative Foods Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Innovative Foods Limited has a workforce of 278 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
278
Active EPFO establishments
1
Employee growth
-11.75%

GST

Innovative Foods has 19 GST registrations: 10 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
19
Active
10
Cancelled / inactive
9
GSTINStateStatusRegistered on
32AAACI5750N1ZHKeralaActive01 Jul 2017
32AAACI5750N3ZFKeralaActive01 Jul 2024
18AAACI5750N1Z7AssamActive01 Jul 2017
19AAACI5750N1Z5West BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Innovative Foods Limited, buy the company report.

Recent activity

Innovative Foods Limited has 48 board changes on record since 2007: 3 appointments and 45 cessations. The latest: Rangaroop Magadi ceased to be CFO on 13 Jan 2025.

Ceased
Rangaroop Magadi ceased to be CFO.
AGM
Innovative Foods Limited last Annual general meeting of members was held on 14 Nov 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 15.00 Cr registered on 05 Feb 2021 with Charge ID 100481422 was modified on 07 Nov 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 22.01 Cr registered on 30 Dec 2013 with Charge ID 10473253 was modified on 04 Nov 2024.
Charges
A charge registered on 02 Jul 2018 via Charge ID 100199890 with Hdfc Bank Limited was fully satisfied on 05 Oct 2024.
Charges
A charge registered on 05 May 2017 via Charge ID 100123081 with Hdfc Bank Limited was fully satisfied on 05 Oct 2024.
Filing
Innovative Foods Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Ceased
Saurabh Vijay Saxena ceased to be Additional Director.
Ceased
Pranav Kumar Suresh ceased to be Nominee Director.
Appointed
Saurabh Vijay Saxena was appointed as Director.
Charges
A charge with Hdfc Bank Limited of Rs. 3.35 Cr registered on 04 Sep 2020 with Charge ID 100374535 was modified on 24 Feb 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 1.50 Cr registered on 02 Jul 2018 with Charge ID 100199890 was modified on 24 Feb 2022.

86 earlier events are in the company report.

News

Frequently asked questions

Innovative Foods is an active public limited company based in Kochi, Kerala, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 01 September 1989 (37+ years old) and is registered under CIN U51909KL1989PLC005465.

Innovative Foods has 3 current directors:

The latest financial statements of Innovative Foods on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 November 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Innovative Foods is 32AAACI5750N1ZH, registered in Kerala. The company has 19 GST registrations in all, of which 10 are active and 9 are cancelled or inactive. Other active GSTINs include 32AAACI5750N3ZF (Kerala), 18AAACI5750N1Z7 (Assam), 19AAACI5750N1Z5 (West Bengal).

The CIN (Corporate Identification Number) of Innovative Foods is U51909KL1989PLC005465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Innovative Foods has 81 court cases on record: 56 filed by the company and 25 filed against it. 16 are pending. Most are in the high courts.

Innovative Foods was incorporated on 01 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ernakulam.

Innovative Foods has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹123.43 Cr; the latest was in June 2019.

Rangaroop Magadi ceased to be CFO on 13 Jan 2025. Saurabh Vijay Saxena ceased to be Additional Director on 26 Oct 2023. Pranav Kumar Suresh ceased to be Nominee Director on 20 Jun 2023. Innovative Foods has 48 board changes on record in total.

Yes, Innovative Foods is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-02-0007224).

Innovative Foods has 15 MSME Form 1 returns on record between 2019 and 2023, listing 131 overdue payments to 37 micro and small suppliers. The latest return was filed on 08 Dec 2023.