Startup India Government of India
Pare Innovations Private Limited - manufacturing in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹64.22 Cr
▲ 81% YoY
Net profit · FY 2024
₹16.33 Cr
Net margin 25.4%
EBITDA · FY 2024
₹23.25 Cr
EBITDA margin 36.2%
Authorised capital
₹5.5 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹37.78 Lakh
Satisfied ₹7 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
70
Provident fund records
About Pare Innovations Private Limited
Data last updated:
Pare Innovations Private Limited is a private limited company based in Thane, Maharashtra, India, recognised as a startup by DPIIT. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 17 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36998MH2020PTC338924. Its GSTIN is 27AALCP1049A1ZP (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Parth Parmar and Bipin Parmar.
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 Jai Commercial Complex Opp. Cadbury Co. 1st Floor Gala No.101/102/103 Khopat, Thane, Maharashtra, India – 400601.
As per the financials filed for FY 2024, the company reported a revenue of ₹64.22 Cr, a growth of 81% compared to the previous year. For the same year it recorded a net profit of ₹16.33 Cr (net margin 25.4%) and EBITDA of ₹23.25 Cr (EBITDA margin 36.2%). Revenue has grown at a compounded annual rate (CAGR) of 263% over three years.
The company has about 70 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pareindia. As per MCA filings, the company has open charges of ₹37.78 Lakh and satisfied charges of ₹7 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹73.3 Cr; the latest was in April 2025.
Pare Innovations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0009399). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pareindia.com.
Company details
CIN U36998MH2020PTC338924
Registration Number 338924
Incorporation Date 17 March 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-33-0009399
Recognitions & Rankings of Pare Innovations
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0009399
Contact details
Pare Innovations Private Limited's registered office is in Thane, Maharashtra. Its website is pareindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJai Commercial Complex Opp. Cadbury Co. 1st Floor Gala No.101/102/103 Khopat, Thane, Maharashtra, India – 400601
- IndustryManufacturing, Construction Materials
To see the full contact details of Pare Innovations Private Limited, buy the company report.
Comprehensive company report
Pare 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Pare Innovations operates one associated brand: Pareindia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Building materials company specializing in innovative surfaces for ceilings, walls, and facade systems | pareindia.com |
Business activity
The main business activities of Pare Innovations are manufacturing and trade. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Pare Innovations Private Limited, buy the company report.
Financials of Pare Innovations Private Limited
FY 2025 filings availablePare Innovations Private Limited reported revenue of ₹64.22 Cr (up 81% YoY) for FY 2024.
Revenue · FY 2024
₹64.22 Cr ▲ 81%
Net profit · FY 2024
₹16.33 Cr margin 25.4%
EBITDA · FY 2024
₹23.25 Cr margin 36.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 81%
3 years · compounded
▲ 263%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 544%
Revenue has grown at a compounded annual rate (CAGR) of 263% over three years, including 81% growth in the latest year. EBITDA rose 78% 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 | ₹64.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹23.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.33 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.2% | ||||
| Net Profit Margin | 25.4% | ||||
| 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 Pare Innovations Private Limited, buy the company report.
Board of directors of Pare Innovations Private Limited
Pare Innovations has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parth Parmar | Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Bipin Parmar Also directs: Parmaarth International Trading Private Limited | Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Ashish Mahendra Parikh Also directs: Nest Nagpur LLP, Parikh Senior Living and Care LLP, Sahyadri Agro Ventures Pvt Ltd and 3 more | Nominee Director | 02 May 2025 | 1 Years 5 Months | Current |
| Piyush Chandrakumar Rathi Also directs: Atharva Green Ecotech LLP, Shirdi Sai Nutraceuticals Private Limited, Advenza Global Limited and 4 more | Nominee Director | 02 May 2025 | 1 Years 5 Months | Current |
Auditor
Pare Innovations Private Limited is audited by SKVJ & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SKVJ & Associates | FY 2024 | 117449W |
Shareholding
The shareholding of Pare Innovations Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Pare Innovations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹37.78 Lakh
Satisfied charges
₹7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2024 | 101010422 | Hdfc Bank Limited | ₹37.78 Lakh | Open | |
| 16 Mar 2023 | 100708480 | Others | ₹7 Cr | Satisfied |
To see the full charge records of Pare Innovations Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Pare Innovations Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹73.3 Cr; the latest was in April 2025.
Total deals
1
Funding round
1
Disclosed funding
₹73.3 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Funding round | ₹73.3 Cr | Investors: Advenza Global Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pare Innovations Private Limited has 2 court cases on record: 1 filed by Pare Innovations, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Vox Building Products Private Limited and 1 other | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Vox Building Products Private Limited and 1 other | Disposed |
To see the full case history of Pare Innovations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pare Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pare Innovations Private Limited has a workforce of 70 employees on its EPFO records as of Jan 15, 2026, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
59.09%
GST
Pare Innovations has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP1049A1ZP | Maharashtra | Active | 15 Jun 2020 |
| 24AALCP1049A1ZV | Gujarat | Active | 01 Sep 2020 |
To see the full GST registrations and return filing status of Pare Innovations Private Limited, buy the company report.
Recent activity
Pare Innovations Private Limited has 5 board changes on record since 2020: 4 appointments and 1 cessation. The latest: Ashish Mahendra Parikh was appointed as Nominee Director on 02 May 2025.
AGM
Pare Innovations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Ashish Mahendra Parikh was appointed as Nominee Director.
Appointed
Piyush Chandrakumar Rathi was appointed as Nominee Director.
Filing
Pare Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge registered on 16 Mar 2023 via Charge ID 100708480 with Others was fully satisfied on 05 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.38 Cr with Charge ID 101010422 was registered on 17 Sep 2024.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100708480 was registered on 16 Mar 2023.
Ceased
Mahendra Amritlal Parikh ceased to be Additional Director.
Appointed
Bipin Parmar was appointed as Director.
Appointed
Parth Parmar was appointed as Director.
Incorporation
17 Mar 2020
Pare Innovations Private Limited was registered on 17 Mar 2020 with Roc Mumbai Ii & aged 6 years 7 months as per MCA records.
Frequently asked questions
Pare Innovations is an active private limited company based in Thane, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 17 March 2020 (6+ years old) and is registered under CIN U36998MH2020PTC338924.
Pare Innovations has 4 current directors:
- Parth Parmar - Director
- Bipin Parmar - Director
- Ashish Mahendra Parikh - Nominee Director
- Piyush Chandrakumar Rathi - Nominee Director
The latest financial statements of Pare 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 2020 are in the company report.
The GSTIN of Pare Innovations is 27AALCP1049A1ZP, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AALCP1049A1ZV (Gujarat).
The CIN (Corporate Identification Number) of Pare Innovations is U36998MH2020PTC338924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pare Innovations has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Pare Innovations was incorporated on 17 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Pare Innovations has 1 deal on record (1 funding round), with disclosed funding of ₹73.3 Cr; the latest was in April 2025.
Ashish Mahendra Parikh was appointed as Nominee Director on 02 May 2025. Piyush Chandrakumar Rathi was appointed as Nominee Director on 02 May 2025. Mahendra Amritlal Parikh ceased to be Additional Director on 14 Aug 2021. Pare Innovations has 5 board changes on record in total.
Yes, Pare Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages