MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0220397
Parshva Next Innovations Limited
Parshva Next Innovations Limited - business outsourcing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹21,550
▲ 2% YoY
Net profit · FY 2023
₹1,682
Net margin 7.8%
EBITDA · FY 2023
-₹19,298
EBITDA margin -89.5%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Directors on board
3
As per MCA filings
Last financials
Mar 2024
Balance sheet date
About Parshva Next Innovations Limited
Data last updated:
Parshva Next Innovations Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 02 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U62090GJ2009PLC056026.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Navkar Nutrition Limited. It is led by directors including Payal Sujay Mehta and Jiteshkumar Sarabhai Shah.
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 201 Chiranjiv Complex Near Mahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2023, the company reported a revenue of ₹21,550, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1,682 (net margin 7.8%) and EBITDA of -₹19,298 (EBITDA margin -89.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
Parshva Next Innovations Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0220397). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U62090GJ2009PLC056026
Registration Number 056026
Incorporation Date 02 February 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0220397
Name history
Parshva Next Innovations has undergone 2 name changes throughout its history. The company was previously known as Navkar Nutrition Limited, and Parshva Next Innovations Limited. The current legal name is Parshva Next Innovations Limited.
| Company Name | Status |
|---|---|
| Parshva Next Innovations Limited | Current |
| Navkar Nutrition Limited | Previous |
CIN history
Parshva Next Innovations has one previous CIN (Corporate Identification Number): U15400GJ2009PLC056026. The current CIN is U62090GJ2009PLC056026, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U62090GJ2009PLC056026 | Current |
| U15400GJ2009PLC056026 | Previous |
Key People
Payal Sujay Mehta Director Jiteshkumar Sarabhai Shah Director Mitul Nalinbhai Gandhi Director Recognitions & Rankings of Parshva Next Innovations
Contact details
Parshva Next Innovations Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address201 Chiranjiv Complex Near Mahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India – 380007
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Parshva Next Innovations Limited, buy the company report.
Comprehensive company report
Parshva Next Innovations 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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Financials of Parshva Next Innovations Limited
FY 2024 filings availableParshva Next Innovations Limited reported revenue of ₹21,550 (up 2% YoY) for FY 2023.
Revenue · FY 2023
₹21,550 ▲ 2%
Net profit · FY 2023
₹1,682 margin 7.8%
EBITDA · FY 2023
-₹19,298 margin -89.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 2%
5 years · compounded
▼ 4%
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21,550 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹19,298 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,682 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -89.5% | ||||
| Net Profit Margin | 7.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Parshva Next Innovations Limited, buy the company report.
Board of directors of Parshva Next Innovations Limited
Parshva Next Innovations has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Payal Sujay Mehta Also directs: Shukra Pharmaceuticals Limited | Director | 02 Feb 2009 | 17 Years 8 Months | Current |
| Jiteshkumar Sarabhai Shah Also directs: Navkar Surgical Gujarat Limited, Vaishudha Traders LLP | Director | 08 Jul 2020 | 6 Years 3 Months | Current |
| Mitul Nalinbhai Gandhi | Director | 07 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Parshva Next Innovations Limited is audited by PARAG A SHAH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARAG A SHAH & CO | FY 2023 | 129665W |
Shareholding
The shareholding of Parshva Next Innovations Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Parshva Next Innovations Limited, buy the company report.
Legal cases
No court or tribunal cases involving Parshva Next Innovations 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 Parshva Next Innovations Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Parshva Next Innovations Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Parshva Next Innovations Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Jiteshkumar Sarabhai Shah ceased to be Additional Director on 30 Dec 2020.
AGM
Parshva Next Innovations Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Parshva Next Innovations Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Jiteshkumar Sarabhai Shah ceased to be Additional Director.
Appointed
Jiteshkumar Sarabhai Shah was appointed as Director.
Ceased
Prakashkumar Rajendrabhai Patel ceased to be Director.
Ceased
Mitul Nalinbhai Gandhi ceased to be Additional Director.
Ceased
Sujay Jyotindra Mehta ceased to be Director.
Appointed
Mitul Nalinbhai Gandhi was appointed as Director.
Ceased
Harsh Jitendrakumar Shah ceased to be Director.
Appointed
Payal Sujay Mehta was appointed as Director.
Incorporation
02 Feb 2009
Parshva Next Innovations Limited was registered on 02 Feb 2009 with Roc Ahmedabad & aged 17 years 8 months as per MCA records.
Frequently asked questions
Parshva Next Innovations is an active public limited company based in Ahmedabad, Gujarat, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 02 February 2009 (17+ years old) and is registered under CIN U62090GJ2009PLC056026.
Parshva Next Innovations has 3 current directors:
- Payal Sujay Mehta - Director
- Jiteshkumar Sarabhai Shah - Director
- Mitul Nalinbhai Gandhi - Director
The latest financial statements of Parshva Next Innovations on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Parshva Next Innovations is U62090GJ2009PLC056026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parshva Next Innovations was incorporated on 02 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jiteshkumar Sarabhai Shah ceased to be Additional Director on 30 Dec 2020. Jiteshkumar Sarabhai Shah was appointed as Director on 08 Jul 2020. Prakashkumar Rajendrabhai Patel ceased to be Director on 08 Jul 2020. Parshva Next Innovations has 8 board changes on record in total.
Yes, Parshva Next Innovations is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0220397).
The registered office of Parshva Next Innovations is at 201 Chiranjiv Complex Near Mahalaxmi Five Roads Paldi, Ahmedabad, Gujarat, India – 380007.
Parshva Next Innovations operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Parshva Next Innovations is compliant as of 26 September 2026. The company is actively filing with the Registrar of Companies.