Inovance Technology Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
as on 15-11-2024
- Paid Up Capital ₹ 1.11 Cr
as on 15-11-2024
- Company Age 12 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 12.00 Cr
as on 15-11-2024
- Revenue 49.50%
(FY 2023)
- Profit 49.55%
(FY 2023)
- Ebitda 44.64%
(FY 2023)
- Net Worth 33.96%
(FY 2023)
- Total Assets 70.46%
(FY 2023)
About Inovance Technology
The Corporate was formerly known as Inova Automation Private Limited. The Company is engaged in the Information Technology 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 1.50 Cr and a paid-up capital of Rs 1.11 Cr.
The company currently has active open charges totaling ₹12.00 Cr.
Anil Rajareddy, Ooi Chooi, and Lim Leong serve as directors at the Company.
- CIN/LLPIN
U29253TN2012PTC084849
- Company No.
084849
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Mar 2012
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Kanchipuram, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Inovance Technology Private Limited offer?
Inovance Technology Private Limited offers a wide range of products and services, including Solar & Renewable Energy Products, Solar System Components.
Who are the key members and board of directors at Inovance Technology?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anil Rajareddy  | Managing Director | 24-Jan-2019 | Current |
Financial Performance of Inovance Technology.
Inovance Technology Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 49.5% increase. The company also saw a substantial improvement in profitability, with a 49.55% increase in profit. The company's net worth Soared by an impressive increase of 33.96%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Inovance Technology?
In 2023, Inovance Technology had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 26 Nov 2020 | ₹12.00 Cr | Open |
How Many Employees Work at Inovance Technology?
Inovance Technology has a workforce of 106 employees as of Apr 09, 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 Inovance Technology, 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 Inovance Technology'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.
