Innovana Thinklabs Limited is a CMMI Level 3 and ISO certified software application development and digital marketing company that has established itself as a prominent player in the Indian technology sector. The company was originally incorporated as "PCVARK Software Private Limited" on April 13, 2015, later converted to a public limited company in June 2017, and subsequently renamed to "Innovana Thinklabs Limited" on August 30, 2017. The company was founded by Mr. Chandan Garg and Mr. Kapil Garg, who are recognized for their innovative deep technology expertise.
The company is engaged in software and application development business which directly provides services to retail users, designing, developing and maintaining software systems and solutions while creating new applications and enhancing the functionality of existing software products. With its comprehensive and cost-effective services, Innovana works with a wide range of customers across all stages of the product lifecycle, focusing on innovation-driven technology leadership with dedicated research and test laboratories.
Innovana has developed a comprehensive portfolio of software products and mobile applications including advanced Anti-Virus software, utility applications, apps, and web extensions for browser security. The company's product portfolio consists of applications and software such as Ad-blocker, Disk Cleanup, Space Reviver, File Opener, Privacy Protector, and provides software products for various platforms including Windows, Mac, extensions, blogs and portals.
Currently, the company maintains 100+ products and tools with 1.5 million downloads and nearly 10 million unique visitors every month. Its products have been registered in over 126 countries in 13 different languages, demonstrating the company's global reach and market penetration.
The company also provides comprehensive marketing services including digital marketing services, digital advertising, content marketing and search engine optimization. Innovana Thinklabs develops software solutions and mobile applications, specializing in system optimization, security, and productivity tools, serving global markets with user-friendly digital products that enhance device performance and cybersecurity for individuals and businesses.
The company has expanded its operations through wholly owned subsidiaries including Innovana Techlabs Limited, Innovana Fitness Labs Limited, Innovana Infrastructure Limited, Innovana Astro Services Limited and Innovana Games Studio Limited. This diversified structure allows the company to explore different technology verticals and business opportunities.
The market cap of Innovana Thinklabs Ltd stands at ₹1,118.48 crore as of July 8, 2025. The 52-week high of the stock is ₹645 and the 52-week low is ₹270.50, indicating significant volatility in the stock price over the past year. The price-to-earnings (P/E) ratio of Innovana Thinklabs Ltd is 25.34, while the price-to-book (P/B) ratio is 6.72. The company belongs to the Information Technology sector and Software Services sub-sector.
• Q4 FY25 Performance: Net Profit rose 33.49% to ₹11.40 crore, Sales increased 22.31% to ₹26.59 crore.
• FY25 Performance: Net Profit rose 7.76% to ₹44.14 crore (from ₹40.96 crore in FY24).
• Revenue (FY25): ₹103 crore
• Net Profit (FY25): ₹44.7 crore
• Market Capitalization: ₹1,133 crore (up 8.25% in 1 year)
• Promoter Holding: 73.2%
• P/E Ratio: 25.34
• P/B Ratio: 6.72
• 52-week High: ₹645
• 52-week Low: ₹270.50
Over the last 5 years, revenue has grown at a yearly rate of 11.05%, versus the industry average of 13.46%. Net income has grown at a yearly rate of 15.21% over the last 5 years, compared to the industry average of 28.23%.
Despite reporting repeated profits, the company is not paying out dividends, and debtor days have increased from 64.6 to 103 days. Working capital days have increased from 70.8 days to 157 days, indicating potential working capital management challenges.
The board approved increasing authorized share capital by 10 lakh shares, with an Extraordinary General Meeting scheduled for July 23, 2025. In July 2025, Adcounty Media India Ltd was listed on BSE SME, reducing Innovana's stake to 17.79%, making it no longer an associate company.
The company's market share decreased from 0.18% to 0.16% over the last 5 years, though it continues to maintain a significant presence in the software development and digital marketing space. The company's focus on innovation and global product distribution positions it well within the rapidly evolving technology sector.
