About IIT Startups Accelerator Foundation
Data last updated:
IIT Startups Accelerator Foundation is a private not for profit company based in Bangalore, Karnataka, India. It operates in the tutors segment of the education and learning sector. It was incorporated on 12 July 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80903KA2022NPL163682.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors including Anjan Dutta and Saurabh Srivastava.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 409 Sobha Garnet Iblur Village Outer Ring Road Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.56 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹94,355 (net margin 11%) and EBITDA of ₹94,355 (EBITDA margin 11%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iitstartups.org.
Company details
Contact details
IIT Startups Accelerator Foundation's registered office is in Bangalore, Karnataka.
- Registered AddressNo 409 Sobha Garnet Iblur Village Outer Ring Road Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryEducation & Learing, Tutors, Education
- 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
Business activity
The main business activity of IIT Startups Accelerator Foundation is education. In detail, this covers higher education, technical & vocational education.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education |
To see the full business activity and turnover split of IIT Startups Accelerator Foundation, buy the company report.
Financials of IIT Startups Accelerator Foundation
FY 2025 filings availableIIT Startups Accelerator Foundation reported revenue of ₹8.56 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year. EBITDA fell 76% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹94,355 | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹94,355 | |
| 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 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11% | |
| Net Profit Margin | 11% | |
| 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 IIT Startups Accelerator Foundation, buy the company report.
Board of directors of IIT Startups Accelerator Foundation
IIT Startups Accelerator Foundation has 7 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjan Dutta Also directs: Stychedangels 1 Consulting LLP | Director | 12 Jul 2022 | 4 Years 4 Months | Current |
| Saurabh Srivastava Also directs: Rajsthan Projects LLP, Ascendant Consultancy Services LLP, Ian Consultancy LLP and 5 more | Director | 12 Jul 2022 | 4 Years 4 Months | Current |
| Pradeep Bhargava | Director | 12 Jul 2022 | 4 Years 4 Months | Current |
| Ashank Datta Desai Also directs: Mastek Limited, National Association of Software and Service Companies, Indian Federation Against Software Theft and 5 more | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Debashish Bhattacharyya Also directs: Paniit Alumni Reach for India Foundation | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
| Ravi Narayan Also directs: Hypergrowth Advisors India Private Limited, Innoverse Foundation, Assistech Foundation and 2 more | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
IIT Startups Accelerator Foundation is compared with the 10 companies closest to it by revenue in the same principal business activity (higher education, technical & vocational education), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cademate Training and Technical Services (OPC) Private Limited | ₹8.65 Lakh (FY 2022) | 16.0% | Jaipur, Rajasthan, India | |||
| Eskill Revolution Private Limited | ₹8.65 Lakh (FY 2018) | Jaipur, Rajasthan, India | ||||
| MLC Solutions Private Limited | ₹8.64 Lakh (FY 2024) | -14.0% | Ahmedabad, Gujarat, India | |||
| Thy Mentor Technologies Private Limited | ₹8.62 Lakh (FY 2025) | -64.0% | Noida, Uttar Pradesh, India | |||
| Prathmik Paathshaala Private Limited | ₹8.61 Lakh (FY 2023) | Gorakhpur, Uttar Pradesh, India | ||||
| IIT Startups Accelerator Foundationthis company | ₹8.56 Lakh (FY 2024) | ₹94,355 | 11% | -28.0% | Bangalore, Karnataka, India | |
| E-Dac Education Systems Private Limited | ₹8.55 Lakh (FY 2024) | 20.0% | New Delhi, Delhi, India | |||
| Goyam Diamond Institute Private Limited | ₹8.55 Lakh (FY 2019) | 3.0% | Surat, Gujarat, India | |||
| Snehvishal Edunext Private Limited | ₹8.53 Lakh (FY 2025) | -68.0% | Mumbai, Maharashtra, India | |||
| Intact Study Care Private Limited | ₹8.52 Lakh (FY 2016) | -6.0% | Gazipur, Delhi, India | |||
| Sapalogy Private Limited | ₹8.51 Lakh (FY 2025) | 38.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of IIT Startups Accelerator Foundation, buy the company report.
Legal cases
No court or tribunal cases involving IIT Startups Accelerator 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 IIT Startups Accelerator 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 IIT Startups Accelerator Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
IIT Startups Accelerator Foundation has 7 board changes on record since 2022: 7 appointments. The latest: Ashank Datta Desai was appointed as Director on 29 Sep 2025.
Frequently asked questions
IIT Startups Accelerator Foundation is an active private not for profit company based in Bangalore, Karnataka, India. The company works in tutors, within the education and learning industry. It was incorporated on 12 July 2022 (4+ years old) and is registered under CIN U80903KA2022NPL163682.
IIT Startups Accelerator Foundation has 7 current directors:
- Anjan Dutta - Director
- Saurabh Srivastava - Director
- Pradeep Bhargava - Director
- Ashank Datta Desai - Director
- Debashish Bhattacharyya - Director
- Ravi Narayan - Director
- Ruchira Shukla - Director
The latest financial statements of IIT Startups Accelerator Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of IIT Startups Accelerator Foundation is U80903KA2022NPL163682. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
IIT Startups Accelerator Foundation was incorporated on 12 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of IIT Startups Accelerator Foundation by revenue are Cademate Training and Technical Services (OPC) Private Limited, Eskill Revolution Private Limited, MLC Solutions Private Limited, Thy Mentor Technologies Private Limited, Prathmik Paathshaala Private Limited and 5 more, all in the same principal business activity (higher education, technical & vocational education).
Ashank Datta Desai was appointed as Director on 29 Sep 2025. Debashish Bhattacharyya was appointed as Director on 29 Sep 2025. Ravi Narayan was appointed as Director on 29 Sep 2025. IIT Startups Accelerator Foundation has 7 board changes on record in total.
IIT Startups Accelerator Foundation can be reached through the website iitstartups.org. Its registered office is in Bangalore, Karnataka, India.
The registered office of IIT Startups Accelerator Foundation is at No 409 Sobha Garnet Iblur Village Outer Ring Road Hsr Layout, Bangalore, Karnataka, India – 560102.
IIT Startups Accelerator Foundation operates in the education and learning industry, in the tutors segment.
The compliance status of IIT Startups Accelerator Foundation is compliant as of 31 August 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
