DPIIT recognised startup Government of India
Startup India
Cherries Engineering and Innovation India Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹50.67 Lakh
▲ 41% YoY
Net loss · FY 2024
₹23.09 Lakh
Net margin -45.6%
EBITDA · FY 2024
-₹21.03 Lakh
EBITDA margin -41.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Cherries Engineering and Innovation India Private Limited
Data last updated:
Cherries Engineering and Innovation India Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 27 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73200KA2019PTC130102. Its GSTIN is 29AAICC4925F1ZK (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Parth Kasba and Rakesh Kasba.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹50.67 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹23.09 Lakh (net margin -45.6%) and EBITDA of -₹21.03 Lakh (EBITDA margin -41.5%). Revenue has grown at a compounded annual rate (CAGR) of 90% over three years.
The company is associated with 1 brand: Jalodbust.
For more details, the company can be reached via its website jalodbust.com.
Company details
CIN U73200KA2019PTC130102
Registration Number 130102
Incorporation Date 27 November 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Key People
Parth Kasba Director Rakesh Kasba Director Recognitions & Rankings of Cherries Engineering and Innovation India
Contact details
Cherries Engineering and Innovation India Private Limited's registered office is in Bangalore, Karnataka. Its website is jalodbust.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address76/3 Sharadamma Building Shed No. 16, Near Indian Oil Petrol Bunk Mylasandra, Bangalore, Karnataka, India – 560068
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Cherries Engineering and Innovation India Private Limited, buy the company report.
Comprehensive company report
Cherries Engineering and Innovation India Private Limited - one report that includes everything
- 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
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Brands
Cherries Engineering and Innovation India operates one associated brand: JALODBUST. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sanitation services are provided across urban areas in India. | jalodbust.com |
Financials of Cherries Engineering and Innovation India Private Limited
FY 2025 filings availableCherries Engineering and Innovation India Private Limited reported revenue of ₹50.67 Lakh (up 41% YoY) for FY 2024.
Revenue · FY 2024
₹50.67 Lakh ▲ 41%
Net loss · FY 2024
₹23.09 Lakh margin -45.6%
EBITDA · FY 2024
-₹21.03 Lakh margin -41.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 90%
EBITDA CAGR growth
1 year
▼ 221%
3 years · compounded
▼ 512%
Revenue has grown at a compounded annual rate (CAGR) of 90% over three years, including 41% growth in the latest year. EBITDA fell 221% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹21.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹23.09 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -41.5% | ||||
| Net Profit Margin | -45.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Cherries Engineering and Innovation India Private Limited, buy the company report.
Board of directors of Cherries Engineering and Innovation India Private Limited
Cherries Engineering and Innovation India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parth Kasba Also directs: Packbikes Innovations LLP | Director | 27 Nov 2019 | 6 Years 11 Months | Current |
| Rakesh Kasba Also directs: Packbikes Innovations LLP, Aatin Civil & Energy Private Limited | Director | 27 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Cherries Engineering and Innovation India Private Limited is compared with the 10 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Neo San Private Limited | ₹51.14 Lakh (FY 2025) | 536.0% | Bangalore, Karnataka, India | |||
| Gems Recycling Private Limited | ₹50.96 Lakh (FY 2015) | -28.0% | Chennai, Tamil Nadu, India | |||
| Max Positive Private Limited | ₹50.95 Lakh (FY 2025) | 22.0% | Gurgaon, Haryana, India | |||
| GS Pyro Enterprise Private Limited | ₹50.92 Lakh (FY 2024) | 3980.0% | Vellore, Tamil Nadu, India | |||
| Hellodustbin Private Limited | ₹50.9 Lakh (FY 2021) | 26.0% | Hyderabad, Telangana, India | |||
| Cherries Engineering and Innovation India Private Limitedthis company | ₹50.67 Lakh (FY 2024) | -₹23.09 Lakh | -45.6% | 41.0% | Bangalore, Karnataka, India | |
| R.H. Green Earth Environment Private Limited | ₹50.64 Lakh (FY 2020) | 310.0% | Ghaziabad, Uttar Pradesh, India | |||
| Saltech Design Labs Private Limited | ₹50.55 Lakh (FY 2025) | -57.0% | Ahmedabad, Gujarat, India | |||
| SGH Industries Private Limited | ₹50.43 Lakh (FY 2025) | 2292025.0% | Noida, Uttar Pradesh, India | |||
| Raipur Green Energy Private Limited | ₹50.22 Lakh (FY 2025) | 28340.0% | Bhatapara, Chhattisgarh, India | |||
| Alchemy Recyclers Private Limited | ₹49.84 Lakh (FY 2024) | Bharuch, Gujarat, India |
To see the full peer comparison of Cherries Engineering and Innovation India Private Limited, buy the company report.
Auditor
Cherries Engineering and Innovation India Private Limited is audited by JYOLSANA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JYOLSANA & ASSOCIATES | FY 2022 | FRN013718S |
Shareholding
The shareholding of Cherries Engineering and Innovation India Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Cherries Engineering and Innovation India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Cherries Engineering and Innovation India Private Limited 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 Cherries Engineering and Innovation India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cherries Engineering and Innovation India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC4925F1ZK | Karnataka | Active | 31 Jul 2020 |
To see the full GST registrations and return filing status of Cherries Engineering and Innovation India Private Limited, buy the company report.
Recent activity
Cherries Engineering and Innovation India Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Erika Kasba ceased to be Director on 28 Jan 2025.
AGM
Cherries Engineering And Innovation India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cherries Engineering And Innovation India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Erika Kasba ceased to be Director.
Appointed
Parth Kasba was appointed as Director.
Appointed
Rakesh Kasba was appointed as Director.
Incorporation
27 Nov 2019
Cherries Engineering And Innovation India Private Limited was registered on 27 Nov 2019 with Roc Bangalore & aged 6 years 11 months as per MCA records.
Frequently asked questions
Cherries Engineering and Innovation India is an active private limited company based in Bangalore, Karnataka, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 27 November 2019 (7+ years old) and is registered under CIN U73200KA2019PTC130102.
Cherries Engineering and Innovation India has 2 current directors:
- Parth Kasba - Director
- Rakesh Kasba - Director
The latest financial statements of Cherries Engineering and Innovation India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Cherries Engineering and Innovation India is 29AAICC4925F1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Cherries Engineering and Innovation India is U73200KA2019PTC130102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cherries Engineering and Innovation India was incorporated on 27 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Cherries Engineering and Innovation India by revenue are Neo San Private Limited, Gems Recycling Private Limited, Max Positive Private Limited, GS Pyro Enterprise Private Limited, Hellodustbin Private Limited and 5 more, all in the Cleantech industry (Recycling and Waste Treatment).
Erika Kasba ceased to be Director on 28 Jan 2025. Parth Kasba was appointed as Director on 27 Nov 2019. Rakesh Kasba was appointed as Director on 27 Nov 2019.
Yes, Cherries Engineering and Innovation India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Cherries Engineering and Innovation India can be reached through the website jalodbust.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Cherries Engineering and Innovation India is at 763 Sharadamma Building Shed No. 16, Near Indian Oil Petrol Bunk Mylasandra, Bangalore, Karnataka, India – 560068.
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