MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-20-0051241
Grey B Research Private Limited - information technology in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.3 Cr
▲ 34% YoY
Net profit · FY 2025
₹6.42 Cr
Net margin 7.8%
EBITDA · FY 2025
₹11.38 Cr
EBITDA margin 13.8%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹62.01 Lakh
Issued & subscribed
Company age
14 yrs
Est. 2012
Employees · EPFO
147
Provident fund records
Directors on board
2
As per MCA filings
About Grey B Research Private Limited
Data last updated:
Grey B Research Private Limited is a private limited company based in Chandigarh, India, a subsidiary of Grey B Services Pte. Ltd.. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U73100CH2012PTC033644. Its GSTIN is 04AARFB1253H1ZN (Chandigarh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹62.01 Lakh. It is led by directors Nupur Kalra and Chakshu Kalra.
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 H. No. 3130 P Level II Sector 22 D, Chandigarh, India – 160022.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.3 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹6.42 Cr (net margin 7.8%) and EBITDA of ₹11.38 Cr (EBITDA margin 13.8%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 41% over five years.
The company has about 147 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GreyB. The company has 1 deal on record (1 funding round), with disclosed funding of ₹61 Lakh; the latest was in June 2012. Its 9 peer companies in the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 5 larger and 4 smaller; the largest is Samagra Development Associates Private Limited with revenue of ₹83.71 Cr.
Grey B Research Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-20-0051241). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greyb.com.
Company details
CIN U73100CH2012PTC033644
Registration Number 033644
Incorporation Date 19 March 2012
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Grey B Services Pte. Ltd.
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-20-0051241
Key People
Nupur Kalra Director Chakshu Kalra Director Recognitions & Rankings of Grey B Research
Contact details
Grey B Research Private Limited's registered office is in Chandigarh, Chandigarh. Its website is greyb.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH. No. 3130 P Level II Sector 22 D, Chandigarh, India – 160022
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Grey B Research Private Limited, buy the company report.
Comprehensive company report
Grey B Research 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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Business activity
The main business activity of Grey B Research is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Grey B Research Private Limited, buy the company report.
Financials of Grey B Research Private Limited
FY 2025 filings availableGrey B Research Private Limited reported revenue of ₹82.3 Cr (up 34% YoY) for FY 2025.
Revenue · FY 2025
₹82.3 Cr ▲ 34%
Net profit · FY 2025
₹6.42 Cr margin 7.8%
EBITDA · FY 2025
₹11.38 Cr margin 13.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 46%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▲ 183%
3 years · compounded
▲ 47%
5 years · compounded
▲ 44%
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 34% growth in the latest year. EBITDA rose 183% 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 | ₹11.38 Cr | ||||
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| Net Profit (PAT) | ₹6.42 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 13.8% | ||||
| Net Profit Margin | 7.8% | ||||
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To see the full financial statements and ratios of Grey B Research Private Limited, buy the company report.
Board of directors of Grey B Research Private Limited
Grey B Research has 2 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 |
|---|---|---|---|---|
| Nupur Kalra | Director | 06 Jun 2015 | 11 Years 4 Months | Current |
| Chakshu Kalra Also directs: Dunder Mifflin India Private Limited | Director | 19 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Grey B Research Private Limited is compared with the 9 companies closest to it by revenue in the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samagra Development Associates Private Limited | ₹83.71 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Decision Point Private Limited | ₹83.55 Cr (FY 2025) | -15.0% | Gurgaon, Haryana, India | |||
| Tudip Technologies Private Limited | ₹83.22 Cr (FY 2024) | -17.0% | Pune, Maharashtra, India | |||
| Cholamandalam Ms Risk Services Limited | ₹83.2 Cr (FY 2025) | 17.0% | Chennai, Tamil Nadu, India | |||
| Infinite Uptime India Private Limited | ₹82.81 Cr (FY 2025) | 50.0% | Pune, Maharashtra, India | |||
| Grey B Research Private Limitedthis company | ₹82.3 Cr (FY 2025) | ₹6.42 Cr | 7.8% | 34.0% | 147 | Chandigarh, India |
| Gigmo Solutions Private Limited | ₹82.11 Cr (FY 2025) | -1.0% | Haryana, India | |||
| Azidus Laboratories Limited | ₹82.04 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Petronash Engineering Services Private Limited | ₹81.98 Cr (FY 2025) | 47.0% | Sriperumbudur, Tamil Nadu, India | |||
| Payinc Private Limited | ₹81.51 Cr (FY 2023) | 61.0% | Baragarh, Odisha, India |
To see the full peer comparison of Grey B Research Private Limited, buy the company report.
Auditor
Grey B Research Private Limited is audited by Beenu Goel & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Beenu Goel & Associates | FY 2023 | 017223N |
Shareholding
The shareholding of Grey B Research Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Grey B Research Private Limited, buy the company report.
Deals & funding
Grey B Research Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹61 Lakh; the latest was in June 2012.
Total deals
1
Funding round
1
Disclosed funding
₹61 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2012 | Funding round | ₹61 Lakh | Investors: Grey B Services Pte Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Grey B Research 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 Grey B Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Grey B Research Private Limited has a workforce of 147 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
Employee count
147
Active EPFO establishments
2
Employee growth
56.38%
GST
Grey B Research has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AARFB1253H1ZN | Chandigarh | Active | 01 Sep 2017 |
| 03AAECG6463A1Z3 | Punjab | Active | 14 Sep 2017 |
To see the full GST registrations and return filing status of Grey B Research Private Limited, buy the company report.
Recent activity
Grey B Research Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Deepak Syal ceased to be Director on 16 Sep 2017.
AGM
Grey B Research Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Grey B Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Deepak Syal ceased to be Director.
Appointed
Nupur Kalra was appointed as Director.
Ceased
Avneet Bansal ceased to be Director.
Appointed
Chakshu Kalra was appointed as Director.
Incorporation
19 Mar 2012
Grey B Research Private Limited was registered on 19 Mar 2012 with Roc Chandigarh & aged 14 years 7 months as per MCA records.
Frequently asked questions
Grey B Research is an active private limited company based in Chandigarh, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 March 2012 (14+ years old) and is registered under CIN U73100CH2012PTC033644.
Grey B Research has 2 current directors:
- Nupur Kalra - Director
- Chakshu Kalra - Director
The latest financial statements of Grey B Research 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 2015 are in the company report.
The GSTIN of Grey B Research is 04AARFB1253H1ZN, registered in Chandigarh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAECG6463A1Z3 (Punjab).
The CIN (Corporate Identification Number) of Grey B Research is U73100CH2012PTC033644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grey B Research was incorporated on 19 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chandigarh.
Grey B Research has 1 deal on record (1 funding round), with disclosed funding of ₹61 Lakh; the latest was in June 2012.
The peers of Grey B Research by revenue are Samagra Development Associates Private Limited, Decision Point Private Limited, Tudip Technologies Private Limited, Cholamandalam Ms Risk Services Limited, Infinite Uptime India Private Limited and 4 more, all in the same principal business activity (other professional, scientific and technical activities).
Deepak Syal ceased to be Director on 16 Sep 2017. Nupur Kalra was appointed as Director on 06 Jun 2015. Avneet Bansal ceased to be Director on 05 Jun 2015. Grey B Research has 4 board changes on record in total.
Yes, Grey B Research is registered as a small enterprise under Udyam registration (number: UDYAM-PB-20-0051241).
Grey B Research can be reached through the website greyb.com. Its registered office is in Chandigarh, India.