Startup India Government of India
Neo San Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹51.14 Lakh
▲ 536% YoY
Net loss · FY 2025
₹3.42 Cr
Latest filing
EBITDA · FY 2025
-₹3.33 Cr
Latest filing
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.2 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Neo San Private Limited
Data last updated:
Neo San Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 01 February 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29309KA2022PTC157328. Its GSTIN is 29AAICN0543N1Z2 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.2 Lakh. It is led by directors including Dhwaj Bagrecha and Babitha Bagrecha.
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 No. 97 Digital Park Road Behind Mei Industrial Suburb 2nd Stage Yeshwantpur, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.14 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.42 Cr and EBITDA of -₹3.33 Cr.
The company is associated with 1 brand: Neo San. Court records list 1 case involving the company, including 1 filed against it. The company has 9 deals on record (4 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in November 2025. Its 3 peer companies in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 2 larger and 1 smaller; the largest is Fusion Waste Management and Consultancy Private Limited with revenue of ₹53.84 Lakh.
Neo San Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0270653). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neosanitation.net.
Company details
CIN U29309KA2022PTC157328
Registration Number 157328
Incorporation Date 01 February 2022
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0270653
Recognitions & Rankings of Neo San
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0270653
Contact details
Neo San Private Limited's registered office is in Bangalore, Karnataka. Its website is neosanitation.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 97 Digital Park Road Behind Mei Industrial Suburb 2nd Stage Yeshwantpur, Bangalore, Karnataka, India – 560022
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Neo San Private Limited, buy the company report.
Comprehensive company report
Neo San 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 Neo San is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Neo San Private Limited, buy the company report.
Financials of Neo San Private Limited
FY 2025 filings availableNeo San Private Limited reported revenue of ₹51.14 Lakh (up 536% YoY) for FY 2025.
Revenue · FY 2025
₹51.14 Lakh ▲ 536%
Net loss · FY 2025
₹3.42 Cr
EBITDA · FY 2025
-₹3.33 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 536%
EBITDA CAGR growth
1 year
▼ 16%
Revenue rose 536% in the latest year. EBITDA fell 16% in the latest 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 |
|---|---|---|---|---|
| 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 | -₹3.33 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹3.42 Cr | |||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ||||
To see the full financial statements and ratios of Neo San Private Limited, buy the company report.
Board of directors of Neo San Private Limited
Neo San has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhwaj Bagrecha | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Babitha Bagrecha Also directs: Kneeoh Sanitation LLP, B M Infrastructure LLP | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Aman Poddar | Additional Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Haresh Purshottam Patel | Nominee Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Neo San Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fusion Waste Management and Consultancy Private Limited | ₹53.84 Lakh (FY 2024) | -45.0% | Bhopal, Madhya Pradesh, India | |||
| Rr&R Mantech India Private Limited | ₹51.76 Lakh (FY 2025) | 1466.0% | Ghaziabad, Uttar Pradesh, India | |||
| Neo San Private Limitedthis company | ₹51.14 Lakh (FY 2025) | -₹3.42 Cr | 536.0% | Bangalore, Karnataka, India | ||
| Hellodustbin Private Limited | ₹50.9 Lakh (FY 2021) | 26.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Neo San Private Limited, buy the company report.
Auditor
Neo San Private Limited is audited by MUTHU AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUTHU AND CO | FY 2023 | 002237S |
Shareholding
The shareholding of Neo San Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Neo San Private Limited, buy the company report.
Deals & funding
Neo San Private Limited has 9 deals on record (4 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in November 2025.
Total deals
9
Secondary share transfers
4
Rights issues
3
Funding rounds
2
Disclosed funding
₹7 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Funding round | ₹2 Cr | Investors: Himalaya Finance, an individual |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2024 | Funding round | ₹5 Cr | Investors: Himalaya Finance & Investment Co, an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: V-Cube Ventures Private Limited , 2 individuals Seller: Himalaya Finance & Investment Co, an individual |
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Neo San Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neo San Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed against the company | Disposed |
To see the full case history of Neo San Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neo San Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neo San Private Limited has 1 active EPFO establishment as of Mar 27, 2024.
Active EPFO establishments
1
GST
Neo San has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICN0543N1Z2 | Karnataka | Active | 17 Feb 2022 |
To see the full GST registrations and return filing status of Neo San Private Limited, buy the company report.
Recent activity
Neo San Private Limited has 6 board changes on record since 2022: 5 appointments and 1 cessation. The latest: Alistair Sean Drozario ceased to be Additional Director on 28 Apr 2025.
AGM
Neo San Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Alistair Sean Drozario ceased to be Additional Director.
Filing
Neo San Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Alistair Sean Drozario was appointed as Additional Director.
Appointed
Aman Poddar was appointed as Additional Director.
Appointed
Haresh Purshottam Patel was appointed as Nominee Director.
Appointed
Babitha Bagrecha was appointed as Director.
Appointed
Dhwaj Bagrecha was appointed as Director.
Incorporation
01 Feb 2022
Neo San Private Limited was registered on 01 Feb 2022 with Roc Bangalore & aged 4 years 8 months as per MCA records.
Frequently asked questions
Neo San is an active private limited company based in Bangalore, Karnataka, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 01 February 2022 (4+ years old) and is registered under CIN U29309KA2022PTC157328.
Neo San has 4 current directors:
- Dhwaj Bagrecha - Director
- Babitha Bagrecha - Director
- Aman Poddar - Additional Director
- Haresh Purshottam Patel - Nominee Director
The latest financial statements of Neo San 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 FY 2022 are in the company report.
The GSTIN of Neo San is 29AAICN0543N1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Neo San is U29309KA2022PTC157328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neo San has 1 court case on record: 1 filed against it.
Neo San was incorporated on 01 February 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
Neo San has 9 deals on record (4 secondary share transfers, 3 rights issues, 2 funding rounds), with disclosed funding of ₹7 Cr; the latest was in November 2025.
The peers of Neo San by revenue are Fusion Waste Management and Consultancy Private Limited, Rr&R Mantech India Private Limited, Hellodustbin Private Limited, all in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Alistair Sean Drozario ceased to be Additional Director on 28 Apr 2025. Alistair Sean Drozario was appointed as Additional Director on 01 Apr 2024. Aman Poddar was appointed as Additional Director on 01 Apr 2024. Neo San has 6 board changes on record in total.
Yes, Neo San is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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