Indence Research Private Limited
About Indence Research Private Limited
Data last updated:
Indence Research Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the personal services segment of the professional services sector. It was incorporated on 04 July 2023.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74909WB2023PTC263252. Its GSTIN is 19AAHCI1973L1Z1 (West Bengal).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Varun Umesh Ektare and Ayushman Ghosh.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.36 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹34.64 Lakh (net margin 7.9%) and EBITDA of ₹42.09 Lakh (EBITDA margin 9.7%).
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indence Health.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address2Ws7B Mani Casadona Plot No. II F/04 Street Number 372, Action Area II P.S. Techno City, Kolkata, West Bengal, India – 700156
- IndustryProfessional Services, Personal, Technical, Scientific
- 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 Indence Research Private Limited
The main business activity of Indence Research is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Indence Research Private Limited FY 2025 filings available
Indence Research Private Limited reported revenue of ₹4.36 Cr (up 501% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Indence Research Private Limited
Revenue rose 501% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Indence Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | ₹42.09 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹34.64 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 of Indence Research Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 9.7% | •••• |
| Net Profit Margin | 7.9% | •••• |
| 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 Indence Research are in the company report.
Financial statements from FY 2024
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 Indence Research Private Limited
Indence Research Private Limited is compared with the companies closest to it by revenue in the Biotechnology industry (Biotechnology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Magadh Cancer Institute and Research Centre Private Limited | ₹4.5 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Patna, Bihar, India |
| Kyntox Biotech India Private Limited | ₹4.48 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Bangalore, Karnataka, India |
| Immunitasbio Private Limited | ₹4.48 Cr (FY 2025) | •••• | •••• | 72.0% | •••• | Bangalore, Karnataka, India |
| Progenbiolab Technologies Private Limited | ₹4.4 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Save Eco Organic Private Limited | ₹4.37 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Patna, Bihar, India |
| Indence Research Private Limited this company | ₹4.36 Cr (FY 2025) | •••• | •••• | 501.0% | •••• | Kolkata, West Bengal, India |
| Imgenex India Private Limited | ₹4.32 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bhubaneswar, Odisha, India |
| 3Bigs Omicscore Private Limited | ₹4.27 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Lab Devices (India) Private Limited | ₹4.26 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Bioserve Biotechnologies (India) Private Limited | ₹4.2 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Gothic Pharmaceuticals Private Limited | ₹4.19 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Indence Research by revenue in the Biotechnology industry (Biotechnology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Indence Research Private Limited
Indence Research Private Limited is audited by ASGSB & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASGSB & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Indence Research Private Limited
Indence Research has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Umesh Ektare | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Ayushman Ghosh Also directs: Indence Global Corporation Private Limited | Director | 04 Jul 2023 | 3 Years 3 Months | Current |
| Abhishek Sengupta Also directs: Indence Global Corporation Private Limited | Director | 04 Jul 2023 | 3 Years 3 Months | Current |
Ownership and Shareholding of Indence Research 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 Indence Research Private Limited
Indence Research Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Indence Research Private Limited
Indence Research operates one associated brand: Indence Health. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides HEOR, market access, and competitive intelligence consulting for pharmaceuticals. | indencehealthcare.com |
Employees and EPFO Compliance at Indence Research Private Limited
Employment history and EPFO contributions of people linked to Indence Research.
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 Indence Research Private Limited
Indence Research Private Limited has 3 board changes on record since 2023: 3 appointments. The latest: Varun Umesh Ektare was appointed as Director on 11 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for Indence Research 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 Indence Research 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 Indence Research 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 Indence Research Private Limited
Indence Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCI1973L1Z1 | West Bengal | Active | 02 Nov 2023 |
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 Indence Research 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 Indence Research Private Limited
Indence Research is an active private limited company based in Kolkata, West Bengal, India. The company works in personal, within the professional services industry. It was incorporated on 04 July 2023 (3+ years old) and is registered under CIN U74909WB2023PTC263252.
Indence Research reported revenue of ₹4.36 Cr for FY 2025 (up 501% YoY).
Indence Research has 3 current directors:
- Varun Umesh Ektare - Director
- Ayushman Ghosh - Director
- Abhishek Sengupta - Director
Indence Research reported a net profit of ₹34.64 Lakh (net margin 7.9%) and EBITDA of ₹42.09 Lakh (EBITDA margin 9.7%) for FY 2025, as per its filed financial statements.
The GSTIN of Indence Research is 19AAHCI1973L1Z1, registered in West Bengal.
The CIN (Corporate Identification Number) of Indence Research is U74909WB2023PTC263252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indence Research was incorporated on 04 July 2023, making it 3+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Indence Research by revenue are Magadh Cancer Institute and Research Centre Private Limited, Kyntox Biotech India Private Limited, Immunitasbio Private Limited, Progenbiolab Technologies Private Limited, Save Eco Organic Private Limited and 5 more, all in the Biotechnology industry (Biotechnology).
Varun Umesh Ektare was appointed as Director on 11 Mar 2024. Abhishek Sengupta was appointed as Director on 04 Jul 2023. Ayushman Ghosh was appointed as Director on 04 Jul 2023.
The registered office of Indence Research is at 2Ws7B Mani Casadona Plot No. II F04 Street Number 372, Action Area II P.S. Techno City, Kolkata, West Bengal, India – 700156.
Indence Research has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.