Innovate Tax Private Limited

Provides tax consultancy, software development, and outsourcing services for tax compliance.

2020 | Vadodara, Gujarat (India) | Active
Last Updated: October 28, 2024

Innovate Tax Profile

Key Indicators

  • Authorised Capital ₹ 0.10 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 5 Year, 6 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 18.01%
  • Profit Growth 21.99%
  • Ebitda 11.18%
  • Net Worth 85.38%
  • Total Assets 57.55%

About Innovate Tax

Innovate Tax Private Limited (ITPL) is a Private Limited Foreign Company Incorporated In India incorporated in India on 27 January 2020 (Five years 6 days old ). Its registered office is in Vadodara, Gujarat, India.

The Company is engaged in the Business Services 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 0.10 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Nathan Farmer, Andrew Bohnet, and Chirag Patel serve as directors at the Company.

Company Details

  • Location

    Vadodara, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U93090GJ2020FTC112306

  • Company No.

    112306

  • Company Classification

    Private Limited Foreign Company Incorporated In India

  • Incorporation Date

    27 Jan 2020

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Business Services

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

Board Members (3)

Name Designation Appointment Date Status
Andrew Bohnet Country flag representing Gb Director 27-Jan-2020 Current
Nathan Farmer Country flag representing Gb Director 27-Jan-2020 Current
Chirag Patel Country flag representing In Director 09-Sep-2022 Current

Financial Performance of Innovate Tax.

Innovate Tax Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.01% increase. The company also saw a substantial improvement in profitability, with a 21.99% increase in profit. The company's net worth Soared by an impressive increase of 85.38%.

Graph illustrating revenue growth over time
Graph showing 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
18.01%
Revenue from Operations
17.06%
Total Assets
57.55%
Profit or Loss
21.99%
Net Worth
85.38%
EBITDA
11.18%

What is the Ownership and Shareholding Structure of Innovate Tax?

In 2023, Innovate Tax had a promoter holding of 99.99% and a public holding of 0.01%. 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 Tax?

Innovate Tax has a workforce of 12 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

    Innovate Tax Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Innovate Tax Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Director Appointment

    Chirag Indravadan Patel was appointed as a Director was appointed as a Director on 09 Sep 2022 & has been associated with this company since 2 years 4 months .

    09 Sep 2022

  • Director Appointment

    Nathan Farmer was appointed as a Director was appointed as a Director on 27 Jan 2020 & has been associated with this company since 5 years 6 days .

    27 Jan 2020

  • Director Appointment

    Andrew Bohnet was appointed as a Director was appointed as a Director on 27 Jan 2020 & has been associated with this company since 5 years 6 days .

    27 Jan 2020

  • Company Incorporation

    Innovate Tax Private Limited was registered on 27 Jan 2020 with Roc Ahmedabad & aged 5 years 6 days as per MCA records.

    27 Jan 2020

Frequently asked questions

  • Innovate Tax Private Limited was incorporated on 27 Jan 2020.

  • The authorized share capital of Innovate Tax Private Limited is ₹ 0.10 M and paid-up capital is ₹ 0.10 M.

  • Currently 3 directors are associated with Innovate Tax Private Limited.

    • Nathan Farmer
    • Andrew Bohnet
    • Chirag Indravadan Patel
  • As per Ministry of Corporate Affairs (Mca), the registered address of Innovate Tax Private Limited is Office No.-805 8Th Floor Neptune Edge Campus, Dr. V.S Road India, Vadodara, Gujarat, 390007.

  • The corporate identification number (CIN) of Innovate Tax Private Limited is U93090GJ2020FTC112306 and the company number is 112306 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Innovate Tax Private Limited is https://www.innovatetax.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Innovate Tax Private Limited has risen by 18.01%.

  • As Per 2023 financial reports, 12 employees are currently employed by Innovate Tax Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Innovate Tax Private Limited has experienced an upsurge of 85.38%.

  • The most recent Balance Sheet for Innovate Tax Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Business Support Services