About Technova Imaging Systems Private Limited
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Technova Imaging Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 29 August 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1979PTC021599. Its GSTIN is 27AAACT2165J1ZA (Maharashtra). The company holds 23 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹1.96 Cr. It was formerly known as Technova Imaging Systems Limited and Technova Platemaking Systems Private Limited. It is led by directors including Pranav Natverlal Parikh (Managing Director) and Shelina Pranav Parikh (Managing Director).
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 Laxmi Mills Estate Offdr E Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,802.25 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹71.16 Cr (net margin 3.9%) and EBITDA of ₹115.55 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 3% over five years.
The company has about 859 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹150 Cr and satisfied charges of ₹510.08 Cr on record. Court records list 83 cases involving the company, including 57 filed by the company and 26 filed against it; 11 cases are pending. The company has 24 deals on record (23 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in April 2022. The company has 14 MSME Form 1 returns on record between 2018 and 2024, listing 113 overdue payments to 43 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website technovaworld.com.
Company details
Name history
Technova Imaging Systems has undergone 3 name changes throughout its history. The company was previously known as Technova Imaging Systems Limited, Technova Platemaking Systems Private Limited, and Technova Platemaking Systems Limited. The current legal name is Technova Imaging Systems Private Limited.
| Company Name | Status |
|---|---|
| Technova Imaging Systems Private Limited | Current |
| Technova Imaging Systems Limited | Previous |
| Technova Platemaking Systems Private Limited | Previous |
| Technova Platemaking Systems Limited | Previous |
Contact details
Technova Imaging Systems Private Limited's registered office is in Mumbai, Maharashtra. Its website is technovaworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressLaxmi Mills Estate Offdr E Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
To see the full contact details of Technova Imaging Systems Private Limited, buy the company report.
- 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
Business activity
The main business activities of Technova Imaging Systems are manufacturing and trade. 4 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Technova Imaging Systems Private Limited, buy the company report.
Financials of Technova Imaging Systems Private Limited
FY 2024 filings availableTechnova Imaging Systems Private Limited reported revenue of ₹1,802.25 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 2% growth in the latest year. EBITDA rose 72% 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 | ₹1,802.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹115.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.16 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 | 6.4% | ||||
| Net Profit Margin | 3.9% | ||||
| 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 Technova Imaging Systems Private Limited, buy the company report.
Board of directors of Technova Imaging Systems Private Limited
Technova Imaging Systems has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Technova Imaging Systems Private Limited is audited by N. A. Shah Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. A. Shah Associates LLP | FY 2024 | 116560W/ W100149 |
Shareholding
The shareholding of Technova Imaging Systems Private Limited is on record for 5 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Technova Imaging Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 1998 | 90213299 | Others | ₹150 Cr | Open | |
| 21 Nov 2019 | 100308385 | Others | ₹200 Cr | Satisfied | |
| 29 Mar 2016 | 100020674 | Others | ₹10 Cr | Satisfied | |
| 31 Jul 2008 | 10118664 | The Saraswat Co-Op Bank Ltd | ₹13 Lakh | Satisfied | |
| 28 Nov 2006 | 10026458 | The Saraswat Co-Op Bank Ltd | ₹44 Lakh | Satisfied |
To see the full charge records of Technova Imaging Systems Private Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Technova Imaging Systems Private Limited has 24 deals on record (23 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in April 2022.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jagdish N Parikh ( HUF ), 2 individuals |
To see the full deal history of Technova Imaging Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Technova Imaging Systems Private Limited has 83 court cases on record: 57 filed by Technova Imaging Systems, 26 filed against it. 11 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 59 | 19 | 3 |
| District courts | 23 | 6 | 8 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against VVF Limited THR Its Authorized Representative | Pending |
| District court, Raigad, Maharashtra | Commercial suit | Filed by the company against Venus Safety and Health Pvt Ltd | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against PRNT Source Glazers Pvt Ltd | Disposed |
| High Court of Delhi | Court case (CUSAA) | Filed against the company by Hindalco Industries Limited | Disposed |
| High Court of Delhi | Writ petition | Filed against the company by Hindalco Industries Limited | Disposed |
To see the full case history of Technova Imaging Systems 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.
Credit ratings & regulatory alerts
Technova Imaging Systems Private Limited was last rated by Crisil on 30 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Dec 2021 |
To see the full credit ratings and regulatory alerts of Technova Imaging Systems Private Limited, buy the company report.
MSME payment delays
Technova Imaging Systems Private Limited has 14 MSME Form 1 returns on record between 2018 and 2024, listing 113 overdue payments to 43 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 43)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Varad Logistics Private Limited | |||
| Farohar Engineering | |||
| an individual supplier |
To see the full MSME payment records of Technova Imaging Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Technova Imaging Systems has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Technova Imaging Systems Private Limited has a workforce of 859 employees on its EPFO records as of Sep 08, 2025, across 5 active EPFO establishments.
GST
Technova Imaging Systems has 23 GST registrations: 19 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT2165J1ZA | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT2165J2Z9 | Maharashtra | Active | 06 Jun 2024 |
| 03AAACT2165J1ZK | Punjab | Active | 01 Jul 2017 |
| 07AAACT2165J1ZC | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Technova Imaging Systems Private Limited, buy the company report.
Recent activity
Technova Imaging Systems Private Limited has 17 board changes on record since 1979: 7 appointments and 10 cessations. The latest: Arvindbhai Natverlal Parikh ceased to be Director on 14 Jan 2025.
80 earlier events are in the company report.
Frequently asked questions
Technova Imaging Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 29 August 1979 (47+ years old) and is registered under CIN U74999MH1979PTC021599.
Technova Imaging Systems has 7 current directors:
- Pranav Natverlal Parikh - Managing Director
- Shelina Pranav Parikh - Managing Director
- Maya Parikh Verma - Whole-Time Director
- Mangesh Shripad Kulkarni - Whole-Time Director
- Snehal Parikh Arvind - Director
- Ramakrishnan Gayathri - Director
- Jivan Gulabrai Bhatt - Director
The latest financial statements of Technova Imaging Systems 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 GSTIN of Technova Imaging Systems is 27AAACT2165J1ZA, registered in Maharashtra. The company has 23 GST registrations in all, of which 19 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAACT2165J2Z9 (Maharashtra), 03AAACT2165J1ZK (Punjab), 07AAACT2165J1ZC (Delhi).
The CIN (Corporate Identification Number) of Technova Imaging Systems is U74999MH1979PTC021599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Technova Imaging Systems has 83 court cases on record: 57 filed by the company and 26 filed against it. 11 are pending. Most are in the high courts.
Technova Imaging Systems was incorporated on 29 August 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
Technova Imaging Systems has 24 deals on record (23 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in April 2022.
Arvindbhai Natverlal Parikh ceased to be Director on 14 Jan 2025. Jagdish Natverlal Parikh ceased to be Director on 14 Jan 2025. Shelina Pranav Parikh ceased to be Whole-Time Director on 08 Jul 2019. Technova Imaging Systems has 17 board changes on record in total.
Technova Imaging Systems has 14 MSME Form 1 returns on record between 2018 and 2024, listing 113 overdue payments to 43 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Technova Imaging Systems can be reached through the website technovaworld.com. Its registered office is in Mumbai, Maharashtra, India.