About Aspire Research Foundation
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Aspire Research Foundation is a private not for profit company based in Pune, Maharashtra, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 03 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U85100PN2015NPL155659.
It is led by directors including Mandeep Kaur and Vikramjit Dhaliwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Pinnacle Prestige F No 405 1169 Sadashiv Peth Opp Maharashtra Electrical, Pune, Maharashtra, India – 411030.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.13 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹1,950 (net margin -1.7%) and EBITDA of -₹1,950 (EBITDA margin -1.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 26% over five years.
The company is associated with 1 brand: Aspire Research Foundation.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aspireresearch.in.
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- Website
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- Registered AddressPinnacle Prestige F No 405 1169 Sadashiv Peth Opp Maharashtra Electrical, Pune, Maharashtra, India – 411030
- IndustryInternet, Online Service Marketplaces
- 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
- One PDF report, delivered after checkout
Financials of Aspire Research Foundation FY 2025 filings available
Aspire Research Foundation reported revenue of ₹1.13 Lakh (down 79% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Aspire Research Foundation
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 184% 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 of Aspire Research Foundation
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1,950 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,950 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Aspire Research Foundation
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Aspire Research Foundation are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Aspire Research Foundation
Aspire Research Foundation is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Czar Air Charters Private Limited | ₹1.15 Lakh (FY 2022) | •••• | •••• | -96.0% | •••• | Mumbai, Maharashtra, India |
| Namaste Online Private Limited | ₹1.15 Lakh (FY 2022) | •••• | •••• | -23.0% | •••• | Hyderabad, Telangana, India |
| One Point Store (OPC) Private Limited | ₹1.15 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Delhi, India |
| Connexpanse Private Limited | ₹1.14 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| RP Astrology Private Limited | ₹1.13 Lakh (FY 2025) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Aspire Research Foundation this company | ₹1.13 Lakh (FY 2023) | •••• | •••• | -79.0% | •••• | Pune, Maharashtra, India |
| Myytake Private Limited | ₹1.12 Lakh (FY 2024) | •••• | •••• | -54.0% | •••• | New Delhi, Delhi, India |
| Fyre Search Private Limited | ₹1.12 Lakh (FY 2023) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Andwemet Services Private Limited | ₹1.11 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Bengaluru, Karnataka, India |
| Cerise Dream Private Limited | ₹1.11 Lakh (FY 2024) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Bucket List Lifestyle Private Limited | ₹1.1 Lakh (FY 2019) | •••• | •••• | -56.0% | •••• | Bengaluru, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Aspire Research Foundation by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Aspire Research Foundation
Aspire Research Foundation is audited by MAITRA J & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MAITRA J & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Aspire Research Foundation
Aspire Research Foundation has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandeep Kaur | Director | 10 Jun 2020 | 6 Years 4 Months | Current |
| Vikramjit Dhaliwal | Director | 10 Jun 2020 | 6 Years 4 Months | Current |
| Kalyani Ganesh Khedkar | Director | 25 Apr 2019 | 7 Years 5 Months | Current |
| Mayura Hemant Kumbhar | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Ownership and Shareholding of Aspire Research Foundation
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Aspire Research Foundation
Aspire Research Foundation does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Aspire Research Foundation
Aspire Research Foundation operates one associated brand: Aspire Research Foundation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Research and education services in science, technology, and engineering. | aspireresearch.in |
Employees and EPFO Compliance at Aspire Research Foundation
Employment history and EPFO contributions of people linked to Aspire Research Foundation.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Aspire Research Foundation
Aspire Research Foundation has 16 board changes on record since 2015: 10 appointments and 6 cessations. The latest: Hemant Ramdas Kumbhar ceased to be Director on 30 Sep 2023.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aspire Research Foundation
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Aspire Research Foundation
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Aspire Research Foundation
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Aspire Research Foundation
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Aspire Research Foundation
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Aspire Research Foundation
Aspire Research Foundation is an active private not for profit company based in Pune, Maharashtra, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 03 July 2015 (11+ years old) and is registered under CIN U85100PN2015NPL155659.
Aspire Research Foundation reported revenue of ₹1.13 Lakh for FY 2023 (down 79% YoY).
Aspire Research Foundation has 4 current directors:
- Mandeep Kaur - Director
- Vikramjit Dhaliwal - Director
- Kalyani Ganesh Khedkar - Director
- Mayura Hemant Kumbhar - Director
Aspire Research Foundation reported a net loss of ₹1,950 (net margin -1.7%) and EBITDA of -₹1,950 (EBITDA margin -1.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aspire Research Foundation is 10% over three years and 26% over five years. In the latest year (FY 2023) revenue fell 79%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Aspire Research Foundation is U85100PN2015NPL155659. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspire Research Foundation was incorporated on 03 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Aspire Research Foundation by revenue are Czar Air Charters Private Limited, Namaste Online Private Limited, One Point Store (OPC) Private Limited, Connexpanse Private Limited, RP Astrology Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Hemant Ramdas Kumbhar ceased to be Director on 30 Sep 2023. Mayura Hemant Kumbhar was appointed as Director on 30 Sep 2023. Praveen Bhond ceased to be Director on 20 Jun 2021. Aspire Research Foundation has 16 board changes on record in total.
Aspire Research Foundation can be reached through the website aspireresearch.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Aspire Research Foundation is at Pinnacle Prestige F No 405 1169 Sadashiv Peth Opp Maharashtra Electrical, Pune, Maharashtra, India – 411030.