Innovate Securities Pvt Ltd

Provides brokerage services and distributes mutual fund units.

1993 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Innovate Securities Profile

Key Indicators

  • Authorised Capital ₹ 4.00 Cr
  • Paid Up Capital ₹ 3.63 Cr
  • Company Age 31 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -50.04%
  • Profit Growth -71.61%
  • Ebitda -66.97%
  • Net Worth 6.06%
  • Total Assets 2.53%

About Innovate Securities

Innovate Securities Pvt Ltd (ISPL) is a Private Limited Indian Non-Government Company incorporated in India on 22 October 1993 and has a history of 31 years and four months. Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 4.00 Cr and a paid-up capital of Rs 3.63 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kashyap Mehta, Amar Parikh, Pimal Panchal, and One other member serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    innovatesec.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67120GJ1993PTC020487

  • Company No.

    020487

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Oct 1993

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services

Who are the key members and board of directors at Innovate Securities?

Executive Team (1)

NameDesignationAppointment DateStatus
Amar Parikh Country flag representing In Managing Director22-Oct-1993Current

Board Members (3)

NameDesignationAppointment DateStatus
Amit Shah Country flag representing In Whole-Time Director 21-Mar-2018Current
Kashyap Mehta Country flag representing In Director 15-Sep-1994Current
Pimal Panchal Country flag representing In Whole-Time Director 23-Apr-2014Current

Financial Performance of Innovate Securities.

Innovate Securities Pvt Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 50.04% decrease. The company also saw a substantial fall in profitability, with a 71.61% decrease in profit. The company's net worth moved up by a moderate rise of 6.06%.

Innovate Securities revenue growth over time
Innovate Securities 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
-50.04%
Revenue from Operations
-46.51%
Total Assets
2.53%
Profit or Loss
-71.61%
Net Worth
6.06%
EBITDA
-66.97%

What is the Ownership and Shareholding Structure of Innovate Securities?

In 2023, Innovate Securities had a public holding of 32.39%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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 Innovate Securities?

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

Employee growth trends for Innovate Securities Pvt Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Innovate Securities, 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 Innovate Securities'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

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Innovate Securities

Recent activity within the organization

  • Annual General Meeting

    Innovate Securities Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Innovate Securities Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Director Appointment

    Amit Prafulchandra Shah was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 21 Mar 2018 & has been associated with this company since 6 years 11 months .

  • Director Appointment

    Pimal K Panchal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 23 Apr 2014 & has been associated with this company since 10 years 10 months .

  • Director Appointment

    Kashyap Rajendrabhai Mehta was appointed as a Director was appointed as a Director on 15 Sep 1994 & has been associated with this company since 30 years 5 months .

  • Director Appointment

    Amar Manharlal Parikh was appointed as a Managing Director was appointed as a Managing Director on 22 Oct 1993 & has been associated with this company since 31 years 4 months .

Frequently asked questions

  • What is the Incorporation or founding date of Innovate Securities Pvt Ltd?

    Innovate Securities Pvt Ltd was incorporated on 22 Oct 1993.

  • What is authorized share capital and paid-up capital of Innovate Securities Pvt Ltd?

    The authorized share capital of Innovate Securities Pvt Ltd is ₹ 4.00 Cr and paid-up capital is ₹ 3.63 Cr.

  • Who are the current board members & directors of Innovate Securities Pvt Ltd?

    Currently 4 directors are associated with Innovate Securities Pvt Ltd.

    • Kashyap Rajendrabhai Mehta
    • Amar Manharlal Parikh
    • Pimal K Panchal
    • Amit Prafulchandra Shah

  • What is the registered address of Innovate Securities Pvt Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Innovate Securities Pvt Ltd is 1St Floor Devashish 39 Sardarpatel Nagar Ellishbridge India, Ahmedabad, Gujarat, 380006.

  • What is the corporate identification number (CIN) and company number of Innovate Securities Pvt Ltd?

    The corporate identification number (CIN) of Innovate Securities Pvt Ltd is U67120GJ1993PTC020487 and the company number is 020487 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Innovate Securities Pvt Ltd?

    The Official website of Innovate Securities Pvt Ltd is https://www.innovatesec.com

  • What has been the recent revenue trend for Innovate Securities Pvt Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Innovate Securities Pvt Ltd has fallen by -50.04%.

  • What change has been observed in the net worth of Innovate Securities Pvt Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Innovate Securities Pvt Ltd has experienced an upsurge of 6.06%.

  • When was the last Balance Sheet of Innovate Securities Pvt Ltd filed with the ROC?

    The most recent Balance Sheet for Innovate Securities Pvt Ltd was filed with the ROC on 31 Mar 2024.

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