Innovare It Solutions Private Limited

Creates AR/VR products and develops mobile apps for clients, with ISO 9001:2015 certification.

2015 | Hyderabad, Telangana (India) | Active
Last Updated:

Innovare It Solutions Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 1.00 M
  • Company Age 10 Year, 29 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 217.66%
  • Profit Growth -48.92%
  • Ebitda -53.10%
  • Net Worth 34.04%
  • Total Assets -58.36%

About Innovare It Solutions

Innovare It Solutions Private Limited (IISPL) is a Private Limited Indian Non-Government Company incorporated in India on 10 February 2015 and has a history of Ten years. Its registered office is in Hyderabad, Telangana, India.

The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 1.00 M, as per Ministry of Corporate Affairs (MCA) records.

Sri Kosaraju, Sivaji Yerra, and Satyabrata Acharya serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200TG2015PTC097590

  • Company No.

    097590

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Feb 2015

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Information Technology

What products or services does Innovare It Solutions Private Limited offer?

Innovare It Solutions Private Limited offers a wide range of products and services, including Computer & Mobile Apps Development, Mobile Application Development, IT, Networking & Automation Solution, IT Solutions, Puzzles, Board & Educational Games, Learning and Educational Toy, Board Game & Accessories, Arcade, Game Consoles & Accessories, Virtual Gaming & Accessories, Android Application Development Services.

Who are the key members and board of directors at Innovare It Solutions?

Board Members (3)

NameDesignationAppointment DateStatus
Sri Kosaraju Country flag representing In Additional Director 20-Jun-2019Current
Sivaji Yerra Country flag representing In Director 10-Feb-2015Current
Satyabrata Acharya Country flag representing In Director 25-Jan-2016Current

Financial Performance of Innovare It Solutions.

Innovare It Solutions Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 217.66% increase. The company also saw a substantial fall in profitability, with a 48.92% decrease in profit. The company's net worth Soared by an impressive increase of 34.04%.

Innovare It Solutions revenue growth over time
Innovare It Solutions profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
217.66%
Revenue from Operations
217.59%
Total Assets
-58.36%
Profit or Loss
-48.92%
Net Worth
34.04%
EBITDA
-53.10%

What is the Ownership and Shareholding Structure of Innovare It Solutions?

Unlock access to Innovare It Solutions's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Innovare It Solutions?

Unlock and access historical data on people associated with Innovare It Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Innovare It Solutions Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Innovare It Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Innovare It Solutions's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

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Latest Updates, News, and FAQs on Innovare It Solutions

Recent activity within the organization

  • Annual General Meeting

    Innovare It Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Innovare It Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

  • Director Appointment

    Sri Lakshmi Kosaraju was appointed as a Additional Director was appointed as a Additional Director on 20 Jun 2019 & has been associated with this company since 5 years 8 months .

  • Director Appointment

    Satyabrata Bishnu Acharya was appointed as a Director was appointed as a Director on 25 Jan 2016 & has been associated with this company since 9 years 1 month .

  • Director Appointment

    Sivaji Yerra was appointed as a Director was appointed as a Director on 10 Feb 2015 & has been associated with this company since 10 years 29 days .

  • Company Incorporation

    Innovare It Solutions Private Limited was registered on 10 Feb 2015 with Roc Hyderabad & aged 10 years 29 days as per MCA records.

Frequently asked questions

  • What is the Incorporation or founding date of Innovare It Solutions Private Limited?

    Innovare It Solutions Private Limited was incorporated on 10 Feb 2015.

  • What is authorized share capital and paid-up capital of Innovare It Solutions Private Limited?

    The authorized share capital of Innovare It Solutions Private Limited is ₹ 1.00 M and paid-up capital is ₹ 1.00 M.

  • Who are the current board members & directors of Innovare It Solutions Private Limited?

    Currently 3 directors are associated with Innovare It Solutions Private Limited.

    • Sri Lakshmi Kosaraju
    • Sivaji Yerra
    • Satyabrata Bishnu Acharya

  • What is the registered address of Innovare It Solutions Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Innovare It Solutions Private Limited is H.No.1-98/90/29/13 Pno-13 3Rd Floor Akshaya Space G.B.Pet, Jubilee Hills India, Hyderabad, Telangana, 500081.

  • What is the corporate identification number (CIN) and company number of Innovare It Solutions Private Limited?

    The corporate identification number (CIN) of Innovare It Solutions Private Limited is U72200TG2015PTC097590 and the company number is 097590 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Innovare It Solutions Private Limited?

    The Official website of Innovare It Solutions Private Limited is https://www.itsinnovare.com

  • What has been the recent revenue trend for Innovare It Solutions Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Innovare It Solutions Private Limited has risen by 217.66%.

  • What change has been observed in the net worth of Innovare It Solutions Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Innovare It Solutions Private Limited has experienced an upsurge of 34.04%.

  • When was the last Balance Sheet of Innovare It Solutions Private Limited filed with the ROC?

    The most recent Balance Sheet for Innovare It Solutions Private Limited was filed with the ROC on 31 Mar 2023.

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