About Formulate AI Private Limited
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Formulate AI Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the edtech solutions segment of the education sector. It was incorporated on 09 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2020PTC140825.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ritu Sharma and Rashmi.
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 334 Khata No. 2678/3342nd Sector Hsr Layout, Bangalore, Karnataka, India – 560102.
The company is associated with 1 brand: Formulate AI.
For more details, the company can be reached via its website formulateai.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address334 Khata No. 2678/3342nd Sector Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryEducation, EdTech Solutions
- 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
Business Activity of Formulate AI Private Limited
The main business activity of Formulate AI is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Formulate AI Private Limited FY 2025 filings available
Formulate AI Private Limited reported revenue of ₹6,680 (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Formulate AI Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 81% over three years. 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 Formulate AI Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Formulate AI Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Formulate AI are in the company report.
Financial statements from FY 2021
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 Formulate AI Private Limited
Formulate AI Private Limited is compared with the companies closest to it by revenue in the Education industry (Education Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ken Learning Private Limited | ₹8,132 (FY 2024) | •••• | •••• | -98.0% | •••• | Bangalore, Karnataka, India |
| Userich Technologies Limited | ₹7,958 (FY 2024) | •••• | •••• | -56.0% | •••• | New Delhi, Delhi, India |
| Simuleduco Solutions Private Limited | ₹7,804 (FY 2025) | •••• | •••• | •••• | Sirvel, Andhra Pradesh, India | |
| One Stop Learning Solution Private Limited | ₹7,137 (FY 2023) | •••• | •••• | •••• | Dehradun, Uttarakhand, India | |
| Empathy Digital Media Private Limited | ₹6,761 (FY 2025) | •••• | •••• | 109.0% | •••• | New Delhi, Delhi, India |
| Formulate AI Private Limited this company | ₹6,680 (FY 2025) | •••• | •••• | -100.0% | •••• | Bangalore, Karnataka, India |
| Vidyana Edutech Private Limited | ₹6,477 (FY 2025) | •••• | •••• | •••• | Agastheeswaram, Tamil Nadu, India | |
| Jumbodium Tech Private Limited (OPC) | ₹6,200 (FY 2024) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Thriving Beings Private Limited | ₹5,801 (FY 2025) | •••• | •••• | •••• | Faridabad, Haryana, India | |
| Shravasyam Consultants Private Limited | ₹5,500 (FY 2023) | •••• | •••• | •••• | Gurgaon, Haryana, India | |
| Dux Technologies Private Limited | ₹5,000 (FY 2025) | •••• | •••• | -99.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Formulate AI by revenue in the Education industry (Education Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Formulate AI Private Limited
Formulate AI has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritu Sharma | Director | 09 Nov 2020 | 5 Years 10 Months | Current |
| Rashmi | Director | 09 Nov 2020 | 5 Years 10 Months | Current |
Ownership and Shareholding of Formulate AI Private Limited
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 Formulate AI Private Limited
Formulate AI Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Formulate AI Private Limited
Formulate AI operates one associated brand: Formulate AI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers AI strategy, implementation, and data services for business growth. | formulateai.in |
Employees and EPFO Compliance at Formulate AI Private Limited
Formulate AI Private Limited has a workforce of 0 employees as of Apr 03, 2024.
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 Formulate AI Private Limited
Formulate AI Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Rashmi was appointed as Director on 09 Nov 2020.
Credit Ratings, Litigation & Regulatory Alerts for Formulate AI Private Limited
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 Formulate AI Private Limited
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 Formulate AI Private Limited
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 Formulate AI Private Limited
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 Formulate AI Private Limited
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 Formulate AI Private Limited
Formulate AI is an active private limited company based in Bangalore, Karnataka, India. The company works in edtech solutions, within the education industry. It was incorporated on 09 November 2020 (6+ years old) and is registered under CIN U72900KA2020PTC140825.
Formulate AI has 2 current directors:
- Ritu Sharma - Director
- Rashmi - Director
The CIN (Corporate Identification Number) of Formulate AI is U72900KA2020PTC140825. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formulate AI was incorporated on 09 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Formulate AI by revenue are Ken Learning Private Limited, Userich Technologies Limited, Simuleduco Solutions Private Limited, One Stop Learning Solution Private Limited, Empathy Digital Media Private Limited and 5 more, all in the Education industry (Education Technology).
Rashmi was appointed as Director on 09 Nov 2020. Ritu Sharma was appointed as Director on 09 Nov 2020.
Yes, Formulate AI is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Formulate AI can be reached through the website formulateai.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Formulate AI is at 334 Khata No. 26783342nd Sector Hsr Layout, Bangalore, Karnataka, India – 560102.
Formulate AI has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh.
Formulate AI operates in the education industry, in the edtech solutions segment.