About Nesco Foundation for Innovation and Development
Data last updated:
Nesco Foundation for Innovation and Development is a private not for profit company based in Mumbai, Maharashtra, India, a subsidiary of Nesco Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the service-based operations segment of the diversified industries sector. It was incorporated on 09 October 2019.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85320MH2019NPL331463.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Krishna Sumant Patel and Sudhaben Sumant Patel.
Its last annual general meeting (AGM) was held on 03 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Nesco Center Nesco Limited Hall 1 Western Express Highway, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.31 Lakh, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹1,000 (net margin -0.1%) and EBITDA of ₹1.72 Lakh (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 205% over three years.
The last known website on record is nescofoundation.org.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNesco Center Nesco Limited Hall 1 Western Express Highway, Mumbai, Maharashtra, India – 400063
- IndustryOther Industry, Other Services
- 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 Nesco Foundation for Innovation and Development
The main business activity of Nesco Foundation for Innovation and Development is education. In detail, this covers higher education, technical & vocational education.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education | 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 Nesco Foundation for Innovation and Development FY 2023 filings available
Nesco Foundation for Innovation and Development reported revenue of ₹17.31 Lakh (down 84% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Nesco Foundation for Innovation and Development
Revenue fell 84% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 205%. EBITDA fell 82% 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 of Nesco Foundation for Innovation and Development
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| 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 | ₹1.72 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1,000 | •••• | •••• | •••• |
| 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 Nesco Foundation for Innovation and Development
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• |
| Net Profit Margin | -0.1% | •••• | •••• | •••• |
| 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 Nesco Foundation for Innovation and Development are in the company report.
Financial statements from FY 2020
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 Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development is compared with the companies closest to it by revenue in the same principal business activity (Higher education, technical & vocational education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aztech Technology and Engineers Private Limited | ₹17.36 Lakh (FY 2025) | •••• | •••• | 19.0% | •••• | Patna, Bihar, India |
| Austrane International Institute Private Limited | ₹17.35 Lakh (FY 2019) | •••• | •••• | •••• | Chandigarh, India | |
| Skyzone Aviation & Hospitality Institute Private Limited | ₹17.33 Lakh (FY 2024) | •••• | •••• | 162.0% | •••• | Mumbai, Maharashtra, India |
| Skillskonnect Global Private Limited | ₹17.33 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Delhi, India |
| Atharv Overseas Education Consultancy Private Limited | ₹17.31 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Nesco Foundation for Innovation and Development this company | ₹17.31 Lakh (FY 2023) | •••• | •••• | -84.0% | •••• | Mumbai, Maharashtra, India |
| Knkftt Acting Education Private Limited | ₹17.3 Lakh (FY 2024) | •••• | •••• | -48.0% | •••• | Mumbai, Maharashtra, India |
| Mentora Academy Private Limited | ₹17.26 Lakh (FY 2024) | •••• | •••• | •••• | Ramachandrapuram, Telangana, India | |
| Harisree Design Academy Private Limited | ₹17.26 Lakh (FY 2024) | •••• | •••• | -25.0% | •••• | Thrissur, Kerala, India |
| Guru's Educational Mission Private Limited | ₹17.25 Lakh (FY 2025) | •••• | •••• | -19.0% | •••• | Hamirpur, Himachal Pradesh, India |
| Nice Educational Services Private Limited | ₹17.24 Lakh (FY 2019) | •••• | •••• | 19.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Nesco Foundation for Innovation and Development by revenue in the same principal business activity (Higher education, technical & vocational education), 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 Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development is audited by MANUBHAI & SHAH LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANUBHAI & SHAH LLP | 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 Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Sumant Patel Also directs: Nesco Limited, K S Patel Finance and Investment Company Private Limited, Chandler and Price India Private Limited and 1 more | Director | 09 Oct 2019 | 7 Years 0 Months | As last reported |
| Sudhaben Sumant Patel Also directs: Nesco Limited, Shrujan Chanda Private Limited, K S Patel Finance and Investment Company Private Limited and 2 more | Director | 11 Nov 2021 | 4 Years 11 Months | As last reported |
| Dilip Vasudeo Gupta Also directs: Kamla Lifesciences Limited | Irp/Rp/Liquidator | 03 Dec 2024 | 1 Years 10 Months | As last reported |
| Dinesh Kumar Deora Also directs: DM & Associates Company Secretaries LLP, Emmessar Biotech and Nutrition Ltd, Amns Ports Hazira Limited and 3 more | Irp/Rp/Liquidator | 05 Dec 2023 | 2 Years 10 Months | As last reported |
Ownership and Shareholding of Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Nesco Foundation for Innovation and Development
Employment history and EPFO contributions of people linked to Nesco Foundation for Innovation and Development.
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.
News related to Nesco Foundation for Innovation and Development
Recent Activity on Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development has 6 board changes on record since 2019: 4 appointments and 2 cessations. The latest: Dilip Vasudeo Gupta was appointed as Irp/Rp/Liquidator on 03 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
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 Nesco Foundation for Innovation and Development
Nesco Foundation for Innovation and Development is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Nesco Foundation for Innovation and Development is a company under liquidation, formerly operating as a private not for profit company based in Mumbai, Maharashtra, India. The company works in other services, within the other industry industry. It was incorporated on 09 October 2019 and is registered under CIN U85320MH2019NPL331463. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Nesco Foundation for Innovation and Development reported revenue of ₹17.31 Lakh for FY 2023 (down 84% YoY).
Nesco Foundation for Innovation and Development has 4 current directors:
- Krishna Sumant Patel - Director
- Sudhaben Sumant Patel - Director
- Dilip Vasudeo Gupta - Irp/Rp/Liquidator
- Dinesh Kumar Deora - Irp/Rp/Liquidator
Nesco Foundation for Innovation and Development reported a net loss of ₹1,000 (net margin -0.1%) and EBITDA of ₹1.72 Lakh (EBITDA margin 9.9%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nesco Foundation for Innovation and Development is 205% over three years. In the latest year (FY 2023) revenue fell 84%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Nesco Foundation for Innovation and Development is U85320MH2019NPL331463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nesco Foundation for Innovation and Development was incorporated on 09 October 2019. It is registered with the Registrar of Companies, Mumbai.
The peers of Nesco Foundation for Innovation and Development by revenue are Aztech Technology and Engineers Private Limited, Austrane International Institute Private Limited, Skyzone Aviation & Hospitality Institute Private Limited, Skillskonnect Global Private Limited, Atharv Overseas Education Consultancy Private Limited and 5 more, all in the same principal business activity (Higher education, technical & vocational education).
Dilip Vasudeo Gupta was appointed as Irp/Rp/Liquidator on 03 Dec 2024. Dinesh Kumar Deora was appointed as Irp/Rp/Liquidator on 05 Dec 2023. Sudhaben Sumant Patel ceased to be Additional Director on 01 Aug 2022. Nesco Foundation for Innovation and Development has 6 board changes on record in total.
Nesco Foundation for Innovation and Development can be reached through the website nescofoundation.org. Its registered office is in Mumbai, Maharashtra, India.