Innovative Foods Limited

Company processes and sells frozen ready-to-eat and ready-to-cook food, supplying to various food service companies and exporting globally.

1989 | Ernakulam, Kerala (India) | Active
Last Updated:

Innovative Foods Profile

Key Indicators

  • Authorised Capital ₹ 115.00 Cr
  • Paid Up Capital ₹ 108.94 Cr
  • Company Age 35 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 40.36 Cr
  • Satisfied Charges ₹ 73.10 Cr
  • Revenue Growth 0.38%
  • Profit Growth -865.69%
  • Ebitda -434.28%
  • Net Worth -89.64%
  • Total Assets -0.11%

About Innovative Foods

Innovative Foods Limited (IFL) is a leading Public Limited Indian Non-Government Company incorporated in India on 01 September 1989 and has a history of 35 years and six months. Its registered office is in Ernakulam, Kerala, India.

The Corporate was formerly known as Innovative Marine Foods Limited. The Company is engaged in the Food And Beverages 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 115.00 Cr and a paid-up capital of Rs 108.94 Cr.

The company currently has active open charges totaling ₹40.36 Cr. The company has closed loans amounting to ₹73.10 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Innovative Foods Limited India are Rangaroop Magadi as CFO and Suraj Kamble as Company Secretary. Manoj Parameswaran, Mohamed Ahamed, Anandavally Narayanan, and One other member serve as directors at the Company.

Company Details

  • Location

    Ernakulam, Kerala, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51909KL1989PLC005465

  • Company No.

    005465

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Sep 1989

  • Date of AGM

    27 Oct 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ernakulam

Industry

Food and Beverages

What products or services does Innovative Foods Limited offer?

Innovative Foods Limited offers a wide range of products and services, including Snack Foods, Ready to Eat Food, Dal Tadka, Veg Snacks, Vegetable Samosa, Fresh, Dried & Preserved Fruits, Frozen Fruits, Snacks and Namkeen, Non Veg Snack, Tea & Coffee.

Who are the key members and board of directors at Innovative Foods?

Executive Team (2)

NameDesignationAppointment DateStatus
Rangaroop Magadi CFO16-Jul-2024Current
Suraj Kamble Company Secretary01-Nov-2021Current

Board Members (4)

NameDesignationAppointment DateStatus
Anandavally Narayanan Country flag representing In Director 30-Dec-2020Current
Manoj Parameswaran Country flag representing In Whole-Time Director 13-Apr-2011Current
Mohamed Ahamed Country flag representing In Director 27-Apr-2016Current
Saurabh Saxena Country flag representing In Director 18-Apr-2023Current

Financial Performance of Innovative Foods.

Innovative Foods Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.38% increase. The company also saw a substantial fall in profitability, with a 865.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 89.64%.

Innovative Foods revenue growth over time
Innovative Foods 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
0.38%
Revenue from Operations
0.92%
Total Assets
-0.11%
Profit or Loss
-865.69%
Net Worth
-89.64%
EBITDA
-434.28%

What is the Ownership and Shareholding Structure of Innovative Foods?

In 2023, Innovative Foods had a promoter holding of 99.29% and a public holding of 0.70%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹40.36 Cr

Satisfied Charges

₹73.10 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 25.36 Cr
  • Others : 15.00 Cr

Latest Charge Details

DateLenderAmountStatus
05 Feb 2021Others₹15.00 CrOpen
04 Sep 2020Hdfc Bank Limited₹3.35 CrOpen
30 Dec 2013Hdfc Bank Limited₹22.01 CrOpen
02 Jul 2018Hdfc Bank Limited₹1.50 CrSatisfied
05 May 2017Hdfc Bank Limited₹10.50 CrSatisfied

How Many Employees Work at Innovative Foods?

Innovative Foods has a workforce of 278 employees as of Apr 05, 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.

Employee growth trends for Innovative Foods Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Innovative Foods, 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 Innovative Foods'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 Innovative Foods

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 15.00 Cr registered on 05 Feb 2021 with Charge ID 100481422 was modified on 07 Nov 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 22.01 Cr registered on 30 Dec 2013 with Charge ID 10473253 was modified on 04 Nov 2024.

  • Charges

    A charge registered on 02 Jul 2018 via Charge ID 100199890 with Hdfc Bank Limited was fully satisfied on 05 Oct 2024.

  • Charges

    A charge registered on 05 May 2017 via Charge ID 100123081 with Hdfc Bank Limited was fully satisfied on 05 Oct 2024.

  • Director Appointment

    Rangaroop Ananth Magadi was appointed as a Cfo was appointed as a Cfo on 16 Jul 2024 & has been associated with this company since 8 months 13 days .

  • Annual General Meeting

    Innovative Foods Limited last Annual general meeting of members was held on 27 Oct 2023 as per latest MCA records.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Innovative Foods Limited?

    Innovative Foods Limited was incorporated on 01 Sep 1989.

  • What is authorized share capital and paid-up capital of Innovative Foods Limited?

    The authorized share capital of Innovative Foods Limited is ₹ 115.00 Cr and paid-up capital is ₹ 108.94 Cr.

  • Who are the current board members & directors of Innovative Foods Limited?

    Currently 6 directors are associated with Innovative Foods Limited.

    • Manoj Kumar Parameswaran
    • Mohamed Mansoor Ahamed
    • Anandavally Narayanan
    • Rangaroop Ananth Magadi
    • Suraj Sampatrao Kamble
    • Saurabh Vijay Saxena

  • What is the registered address of Innovative Foods Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Foods Limited is Chakolas Habitat A Block, 1 C Thevara Ferry Road India, Cochin, Kerala, 682013.

  • What is the corporate identification number (CIN) and company number of Innovative Foods Limited?

    The corporate identification number (CIN) of Innovative Foods Limited is U51909KL1989PLC005465 and the company number is 005465 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Innovative Foods Limited?

    The Official website of Innovative Foods Limited is https://www.sumeru.net

  • What has been the recent revenue trend for Innovative Foods Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Innovative Foods Limited has risen by 0.38%.

  • How many employees does Innovative Foods Limited currently have?

    As Per 2023 financial reports, 278 employees are currently employed by Innovative Foods Limited.

  • What change has been observed in the net worth of Innovative Foods Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Innovative Foods Limited has experienced an downturn of -89.64%.

  • What are the total open charges for Innovative Foods Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Innovative Foods Limited amount to ₹ 40.36 Cr.

  • When was the last Balance Sheet of Innovative Foods Limited filed with the ROC?

    The most recent Balance Sheet for Innovative Foods Limited was filed with the ROC on 31 Mar 2023.

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