Innovative Motors Profile
Key Indicators
- Authorised Capital ₹ 1.10 M
- Paid Up Capital ₹ 1.00 M
- Company Age 23 Year, 22 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 18.50 Cr
- Satisfied Charges ₹ 11.80 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 23 years. Its registered office is in Vadodara, 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 2024. It's a company limited by shares with an authorized capital of Rs 1.10 M and a paid-up capital of Rs 1.00 M.
The company currently has active open charges totaling ₹18.50 Cr. The company has closed loans amounting to ₹11.80 Cr, as per Ministry of Corporate Affairs (MCA) records.
Bhaveshbhai Patel, Atul Patel, Pranav Shah, and One other member serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U34300GJ2002PTC040452
- Company No.
040452
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Feb 2002
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Automotive
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  | Director | 12-Feb-2016 | Current |
| Bhaveshbhai Patel | Whole-Time Director | 11-Feb-2002 | Current |
| Atul Patel | Whole-Time Director | 11-Feb-2002 | Current |
| Pranav Shah | Director | 01-Apr-2003 | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
- Harshil Motors (Anand) Private Limited
Bhaveshbhai Patel is a mutual person
- Infi9 Innovations Private Limited
Atul Patel and Pranav Shah are mutual person
- Param Estate Private Limited
Pranav Shah is a mutual person
- Param Cars Private Limited
Pranav Shah is a mutual person
- I S B M Excellenz Education Private Limited
Pranav Shah is a mutual person
- Harshil Motors Private Limited
Vatsal Patel is a mutual person
Charges (Loans)
Open Charges
₹185.00 M
Satisfied Charges
₹118.04 M
Charges Breakdown by Lending Institutions
- Others : 13.40 Cr
- Hdfc Bank Limited : 5.00 Cr
- Axis Bank Limited : 0.10 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Oct 2024 | Hdfc Bank Limited | ₹5.00 Cr | Open |
| 14 Jul 2021 | Others | ₹4.00 Cr | Open |
| 10 Sep 2014 | Others | ₹9.40 Cr | Open |
| 24 Jun 2011 | Axis Bank Limited | ₹1.00 M | 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.
Latest Updates, News, and FAQs on Innovative Motors
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 1.00 M registered on 24 Jun 2011 with Charge ID 10299334 was modified on 19 Dec 2024.
- Charges
A charge registered on 30 Jul 2011 via Charge ID 10299335 with Axis Bank Limited was fully satisfied on 18 Dec 2024.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 50.00 M with Charge ID 100994012 was registered on 21 Oct 2024.
- Annual General Meeting
Innovative Motors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 94.00 M registered on 10 Sep 2014 with Charge ID 10544404 was modified on 15 Jul 2024.
- Balance Sheet
Innovative Motors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Frequently asked questions
What is the Incorporation or founding date of Innovative Motors Private Limited?
Innovative Motors Private Limited was incorporated on 11 Feb 2002.
What is authorized share capital and paid-up capital of Innovative Motors Private Limited?
The authorized share capital of Innovative Motors Private Limited is ₹ 1.10 M and paid-up capital is ₹ 1.00 M.
Who are the current board members & directors of Innovative Motors Private Limited?
Currently 4 directors are associated with Innovative Motors Private Limited.
- Bhaveshbhai Bhupendrabhai Patel
- Atul Bhupendrabhai Patel
- Pranav Harikant Shah
- Vatsal Bhaveshbhai Patel
What is the registered address of Innovative Motors Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Motors Private Limited is 23-A Shivam Society Near Lalbaug Crossing, Manjalpur India, Baroda, Gujarat, 390011.
What is the corporate identification number (CIN) and company number of Innovative Motors Private Limited?
The corporate identification number (CIN) of Innovative Motors Private Limited is U34300GJ2002PTC040452 and the company number is 040452 as per Ministry of Corporate Affairs (MCA).
What is the official website of Innovative Motors Private Limited?
The Official website of Innovative Motors Private Limited is https://www.innovativehonda.com
What has been the recent revenue trend for Innovative Motors Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Innovative Motors Private Limited has fallen by -5.86%.
How many employees does Innovative Motors Private Limited currently have?
As Per 2023 financial reports, 135 employees are currently employed by Innovative Motors Private Limited.
What change has been observed in the net worth of Innovative Motors Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Innovative Motors Private Limited has experienced an upsurge of 2.04%.
What are the total open charges for Innovative Motors Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Innovative Motors Private Limited amount to ₹ 18.50 Cr.
When was the last Balance Sheet of Innovative Motors Private Limited filed with the ROC?
The most recent Balance Sheet for Innovative Motors Private Limited was filed with the ROC on 31 Mar 2024.