Innovative Motors Profile
Key Indicators
- Authorised Capital ₹ 1.10 M
- Paid Up Capital ₹ 1.02 M
- Company Age 22 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 23.00 Cr
- Satisfied Charges ₹ 4.80 Cr
- Revenue Growth -5.86%
- Profit Growth -0.06%
- Ebitda -35.93%
- Net Worth 2.04%
- Total Assets -18.69%
About Innovative Motors
Innovative Motors Private Limited (IMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 February 2002 and has a history of 22 years and 11 months. Its registered office is in Baroda, Gujarat, India.
The Company is engaged in the Automotive 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 1.10 M and a paid-up capital of Rs 1.02 M.
The company currently has active open charges totaling ₹23.00 Cr. The company has closed loans amounting to ₹4.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vatsal Patel, Pranav Shah, Atul Patel, and One other member serve as directors at the Company.
Company Details
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Location
Baroda, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U34300GJ2002PTC040452
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Company No.
040452
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Feb 2002
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
What products or services does Innovative Motors Private Limited offer?
Innovative Motors Private Limited offers a wide range of products and services, including Motorcycles and Cars, Motorcycle.
Who are the key members and board of directors at Innovative Motors?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vatsal Patel
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Director | 12-Feb-2016 | Current |
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Pranav Shah
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Director | 01-Apr-2003 | Current |
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Atul Patel
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Whole-Time Director | 11-Feb-2002 | Current |
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Bhaveshbhai Patel
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Whole-Time Director | 11-Feb-2002 | Current |
Financial Performance of Innovative Motors.
Innovative Motors Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 5.86% decrease. The company also saw a slight decrease in profitability, with a 0.06% decrease in profit. The company's net worth moved up by a moderate rise of 2.04%.
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What is the Ownership and Shareholding Structure of Innovative Motors?
In 2023, Innovative Motors had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Harshil Motors Private LimitedVatsal Patel is a mutual person
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Infi9 Innovations Private Limited
Pranav Shah and Atul Patel are mutual person
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Param Estate Private Limited
Pranav Shah is a mutual person
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Param Cars Private Limited
Pranav Shah is a mutual person
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I S B M Excellenz Education Private Limited
Pranav Shah is a mutual person
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Harshil Motors (Anand) Private Limited
Bhaveshbhai Patel is a mutual person
Charges (Loans)
₹230.00 M
₹48.04 M
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 14.00 Cr
- Icici Bank Ltd : 5.00 Cr
- Others : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2021 | Others | ₹4.00 Cr | Open |
| 10 Sep 2014 | Icici Bank Ltd | ₹5.00 Cr | Open |
| 30 Jul 2011 | Axis Bank Limited | ₹7.00 Cr | Open |
| 24 Jun 2011 | Axis Bank Limited | ₹7.00 Cr | Open |
| 03 Aug 2017 | Others | ₹1.80 Cr | Satisfied |
How Many Employees Work at Innovative Motors?
Innovative Motors has a workforce of 135 employees as of Mar 22, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Innovative Motors, 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 Motors's trajectory.
Rating
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
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.