Inova Cast Pvt Ltd

Manufacturer of investment castings, wind power generation, and machined/unmachined ferrous and non-ferrous castings.

1991 | Rajkot, Gujarat (India) | Active
Last Updated: July 30, 2024

Inova Cast Profile

Key Indicators

  • Authorised Capital ₹ 2.80 M
  • Paid Up Capital ₹ 2.80 M
  • Company Age 33 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.99 Cr
  • Satisfied Charges ₹ 12.95 Cr
  • Revenue Growth 31.51%
  • Profit Growth 47.34%
  • Ebitda 0.11%
  • Net Worth 17.15%
  • Total Assets -1.65%

About Inova Cast

Inova Cast Pvt Ltd (ICPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 19 September 1991 and has a history of 33 years and five months. Its registered office is in Rajkot, Gujarat, India.

The Company is engaged in the Manufacturing 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 2.80 M and a paid-up capital of Rs 2.80 M.

The company currently has active open charges totaling ₹4.99 Cr. The company has closed loans amounting to ₹12.95 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vinodkumar Tilva, Mansukhlal Kaneria, Udaykumar Tilva, and Two other members serve as directors at the Company.

Company Details

  • Location

    Rajkot, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    inovacast.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U27109GJ1991PTC016297

  • Company No.

    016297

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    19 Sep 1991

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing

What products or services does Inova Cast Pvt Ltd offer?

Inova Cast Pvt Ltd offers a wide range of products and services, including Metal Castings, Ferrous Castings.

Who are the key members and board of directors at Inova Cast?

Board Members (5)

NameDesignationAppointment DateStatus
Vinodkumar Tilva Country flag representing In Director 19-Sep-1991Current
Mansukhlal Kaneria Country flag representing In Director 13-Jan-2018Current
Udaykumar Tilva Country flag representing In Director 24-Nov-2015Current
Rahul Patel Country flag representing In Director 24-Nov-2015Current
Kaushik Kotadia Country flag representing In Director 25-Jun-2024Current

Financial Performance of Inova Cast.

Inova Cast Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 31.51% increase. The company also saw a substantial improvement in profitability, with a 47.34% increase in profit. The company's net worth Soared by an impressive increase of 17.15%.

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
31.51%
Revenue from Operations
28.73%
Total Assets
-1.65%
Profit or Loss
47.34%
Net Worth
17.15%
EBITDA
0.11%

What is the Ownership and Shareholding Structure of Inova Cast?

In 2023, Inova Cast had a promoter holding of 76.70% and a public holding of 23.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.90 M

Satisfied Charges

₹129.47 M

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 4.99 Cr

Latest Charge Details

DateLenderAmountStatus
17 Nov 2021Hdfc Bank Limited₹4.99 CrOpen
11 Jun 2007Bank Of Baroda₹3.50 MSatisfied
26 Oct 2006State Bank Of Saurashtra₹2.00 CrSatisfied
27 Jan 2006Bank Of Baroda₹2.62 CrSatisfied
02 Mar 1994Others₹3.99 CrSatisfied

How Many Employees Work at Inova Cast?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Inova Cast, 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 Inova Cast'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 Inova Cast

Recent activity within the organization

  • Director Appointment

    Kaushik Jerambhai Kotadia was appointed as a Director was appointed as a Director on 25 Jun 2024 & has been associated with this company since 7 months 30 days .

    25 Jun 2024

  • Annual General Meeting

    Inova Cast Pvt Ltd last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    Inova Cast Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited of Rs. 49.90 M registered on 17 Nov 2021 with Charge ID 100505348 was modified on 20 May 2022.

    20 May 2022

  • Charges

    A charge registered on 11 Jun 2007 via Charge ID 10067567 with Bank Of Baroda was fully satisfied on 03 Mar 2022.

    03 Mar 2022

  • Charges

    A charge registered on 27 Jan 2006 via Charge ID 80035537 with Bank Of Baroda was fully satisfied on 03 Mar 2022.

    03 Mar 2022

Frequently asked questions

  • Inova Cast Pvt Ltd was incorporated on 19 Sep 1991.

  • The authorized share capital of Inova Cast Pvt Ltd is ₹ 2.80 M and paid-up capital is ₹ 2.80 M.

  • Currently 5 directors are associated with Inova Cast Pvt Ltd.

    • Vinodkumar Khimji Tilva
    • Mansukhlal Jeramdas Kaneria
    • Udaykumar Ranchhod Tilva
    • Rahul Mansukhbhai Patel
    • Kaushik Jerambhai Kotadia
  • As per Ministry of Corporate Affairs (Mca), the registered address of Inova Cast Pvt Ltd is Survey No. 202 Essen Road Veraval (Shapar) Tal. Kotda Sangani, Rajkot, Gujarat, India, 360024.

  • The corporate identification number (CIN) of Inova Cast Pvt Ltd is U27109GJ1991PTC016297 and the company number is 016297 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Inova Cast Pvt Ltd is https://www.inovacast.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Inova Cast Pvt Ltd has risen by 31.51%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Inova Cast Pvt Ltd has experienced an upsurge of 17.15%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Inova Cast Pvt Ltd amount to ₹ 4.99 Cr.

  • The most recent Balance Sheet for Inova Cast Pvt Ltd was filed with the ROC on 31 Mar 2023.

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