About Aic - Nitte Incubation Centre
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Aic - Nitte Incubation Centre is a private not for profit company based in Nitte, Karnataka, India. It operates in the k-12 and higher education institutions segment of the education sector. It was incorporated on 23 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85300KA2019NPL124542. Its GSTIN is 29AASCA3165B1ZM (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹2,000. It is led by directors Vishal Hegde and Rajendra Madiyala.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Administrative Building Nmamit Nitte Post, Karnataka, India – 574110.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.47 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹27.87 Lakh (net margin 19%) and EBITDA of ₹49.28 Lakh (EBITDA margin 33.6%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 205% over five years.
The company is associated with 1 brand: Aic Nitte.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aicnitte.com.
Company details
Contact details
Aic - Nitte Incubation Centre's registered office is in Nitte, Karnataka. Its website is aicnitte.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdministrative Building Nmamit Nitte Post, Karnataka, India – 574110
- IndustryEducation, K-12 & Higher Education Institutions
To see the full contact details of Aic - Nitte Incubation Centre, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Aic - Nitte Incubation Centre operates one associated brand: AIC NITTE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Incubation and support services for startups in agribusiness and biotechnology. | aicnitte.com |
Business activity
The main business activity of Aic - Nitte Incubation Centre is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Aic - Nitte Incubation Centre, buy the company report.
Financials of Aic - Nitte Incubation Centre
FY 2025 filings availableAic - Nitte Incubation Centre reported revenue of ₹1.47 Cr (down 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 205%. EBITDA fell 49% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹49.28 Lakh | ||||
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| Net Profit (PAT) | ₹27.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 33.6% | ||||
| Net Profit Margin | 19% | ||||
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To see the full financial statements and ratios of Aic - Nitte Incubation Centre, buy the company report.
Board of directors of Aic - Nitte Incubation Centre
Aic - Nitte Incubation Centre has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Hegde | Director | 23 May 2019 | 7 Years 5 Months | Current |
| Rajendra Madiyala Also directs: Manmet Engineering Products Private Limited, Lamina Suspension Products Limited, Lamina Foundries Limited and 1 more | Additional Director | 05 Nov 2025 | 0 Years 11 Months | Current |
Shareholding
The shareholding of Aic - Nitte Incubation Centre is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Aic - Nitte Incubation Centre, buy the company report.
Legal cases
No court or tribunal cases involving Aic - Nitte Incubation Centre are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aic - Nitte Incubation Centre; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aic - Nitte Incubation Centre has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCA3165B1ZM | Karnataka | Active | 20 Dec 2021 |
To see the full GST registrations and return filing status of Aic - Nitte Incubation Centre, buy the company report.
Recent activity
Aic - Nitte Incubation Centre has 3 board changes on record since 2019: 3 appointments. The latest: Rajendra Madiyala was appointed as Additional Director on 05 Nov 2025.
Frequently asked questions
Aic - Nitte Incubation Centre is an active private not for profit company based in Nitte, Karnataka, India. The company works in k-12 and higher education institutions, within the education industry. It was incorporated on 23 May 2019 (7+ years old) and is registered under CIN U85300KA2019NPL124542.
Aic - Nitte Incubation Centre has 2 current directors:
- Vishal Hegde - Director
- Rajendra Madiyala - Additional Director
The latest financial statements of Aic - Nitte Incubation Centre on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Aic - Nitte Incubation Centre is 29AASCA3165B1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Aic - Nitte Incubation Centre is U85300KA2019NPL124542. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aic - Nitte Incubation Centre was incorporated on 23 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Rajendra Madiyala was appointed as Additional Director on 05 Nov 2025. Nitte Vinaya Hegde was appointed as Director on 23 May 2019. Vishal Hegde was appointed as Director on 23 May 2019.
Aic - Nitte Incubation Centre can be reached through the website aicnitte.com. Its registered office is in Nitte, Karnataka, India.
The registered office of Aic - Nitte Incubation Centre is at Administrative Building Nmamit Nitte Post, Karnataka, India – 574110.
Aic - Nitte Incubation Centre operates in the education industry, in the k-12 and higher education institutions segment.
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