DPIIT recognised startup Government of India
Startup India
Civic Innovation Foundation - business services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.22 Cr
▲ 22% YoY
Net profit · FY 2024
₹17.42 Lakh
Net margin 14.3%
EBITDA · FY 2024
₹17.42 Lakh
EBITDA margin 14.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Brands
1
Associated brands
About Civic Innovation Foundation
Data last updated:
Civic Innovation Foundation is a private not for profit company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the diversified business activities segment of the business services sector. It was incorporated on 25 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018NPL308528.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Alisha Vasudev and Antaraa Vasudev.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No.1 1st Floor Jai Hind Bldg 106 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.22 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹17.42 Lakh (net margin 14.3%) and EBITDA of ₹17.42 Lakh (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 62% over five years.
The company is associated with 1 brand: Civis.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website civis.vote.
Company details
CIN U74999MH2018NPL308528
Registration Number 308528
Incorporation Date 25 April 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Civic Innovation Foundation
Contact details
Civic Innovation Foundation's registered office is in Mumbai, Maharashtra. Its website is civis.vote. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No.1 1st Floor Jai Hind Bldg 106 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryBusiness Services, Miscellaneous Business Activities, Other Services
To see the full contact details of Civic Innovation Foundation, buy the company report.
Comprehensive company report
Civic Innovation Foundation - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Civic Innovation Foundation operates one associated brand: Civis. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Feedback management platform | civis.vote |
Business activity
The main business activity of Civic Innovation Foundation 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 Civic Innovation Foundation, buy the company report.
Financials of Civic Innovation Foundation
FY 2025 filings availableCivic Innovation Foundation reported revenue of ₹1.22 Cr (up 22% YoY) for FY 2024.
Revenue · FY 2024
₹1.22 Cr ▲ 22%
Net profit · FY 2024
₹17.42 Lakh margin 14.3%
EBITDA · FY 2024
₹17.42 Lakh margin 14.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 46%
5 years · compounded
▲ 62%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 25%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 22% growth in the latest year. EBITDA rose 11% 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 |
|---|---|---|---|---|---|
| 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 | ₹17.42 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.42 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.3% | ||||
| Net Profit Margin | 14.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Civic Innovation Foundation, buy the company report.
Board of directors of Civic Innovation Foundation
Civic Innovation Foundation has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alisha Vasudev | Director | 01 Sep 2019 | 7 Years 1 Months | Current |
| Antaraa Vasudev | Director | 25 Apr 2018 | 8 Years 6 Months | Current |
| Starlene Sharma Also directs: Green Artha Innovations LLP, Reconnect Energy Solutions Limited | Director | 25 Apr 2018 | 8 Years 6 Months | Current |
Peer comparison
Civic Innovation Foundation is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Caker Street Private Limited | ₹1.22 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India | |||
| Think A Next Solutions Private Limited | ₹1.22 Cr (FY 2024) | 177.0% | Patna, Bihar, India | |||
| Sahar Angana Marketing Private Limited | ₹1.22 Cr (FY 2024) | 368.0% | Kolkata, West Bengal, India | |||
| KSK Health Care Services (OPC) Private Limited | ₹1.22 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Datainfocom Software Solutions Private Limited | ₹1.22 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Civic Innovation Foundationthis company | ₹1.22 Cr (FY 2024) | ₹17.42 Lakh | 14.3% | 22.0% | Mumbai, Maharashtra, India | |
| Edward Remedies Private Limited | ₹1.22 Cr (FY 2025) | 42.0% | Pune, Maharashtra, India | |||
| Kesav Ceramics Pvt Ltd | ₹1.22 Cr (FY 2024) | 6.0% | Bhubaneswar, Odisha, India | |||
| Lovepac Converting Private Limited | ₹1.22 Cr (FY 2019) | -1.0% | Chennai, Tamil Nadu, India | |||
| Rentbuddy Furnishing Solutions Private Limited | ₹1.22 Cr (FY 2025) | -4.0% | Indore, Madhya Pradesh, India | |||
| Indian Business Conference Institute Private Limited | ₹1.22 Cr (FY 2016) | 22.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Civic Innovation Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Civic Innovation Foundation 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 Civic Innovation Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Civic Innovation Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Civic Innovation Foundation has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Alisha Vasudev ceased to be Additional Director on 20 Dec 2019.
AGM
Civic Innovation Foundation last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Civic Innovation Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Alisha Vasudev ceased to be Additional Director.
Ceased
Srikanth Viswanathan ceased to be Additional Director.
Appointed
Alisha Vasudev was appointed as Director.
Appointed
Antaraa Vasudev was appointed as Director.
Appointed
Starlene Sharma was appointed as Director.
Incorporation
25 Apr 2018
Civic Innovation Foundation was registered on 25 Apr 2018 with Roc Mumbai & aged 8 years 6 months as per MCA records.
News
Frequently asked questions
Civic Innovation Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 25 April 2018 (8+ years old) and is registered under CIN U74999MH2018NPL308528.
Civic Innovation Foundation has 3 current directors:
- Alisha Vasudev - Director
- Antaraa Vasudev - Director
- Starlene Sharma - Director
The latest financial statements of Civic Innovation Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Civic Innovation Foundation is U74999MH2018NPL308528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Civic Innovation Foundation was incorporated on 25 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Civic Innovation Foundation by revenue are Caker Street Private Limited, Think A Next Solutions Private Limited, Sahar Angana Marketing Private Limited, KSK Health Care Services (OPC) Private Limited, Datainfocom Software Solutions Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Alisha Vasudev ceased to be Additional Director on 20 Dec 2019. Srikanth Viswanathan ceased to be Additional Director on 20 Dec 2019. Alisha Vasudev was appointed as Director on 01 Sep 2019. Civic Innovation Foundation has 5 board changes on record in total.
Yes, Civic Innovation Foundation is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Civic Innovation Foundation can be reached through the website civis.vote. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Civic Innovation Foundation is at Unit No.1 1st Floor Jai Hind Bldg 106 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
Civic Innovation Foundation operates in the business services industry, in the miscellaneous business activities segment.