Startup India Government of India
Rieom AI Private Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.73 Cr
▼ 49% YoY
Net loss · FY 2025
₹5.81 Cr
Net margin -336.5%
EBITDA · FY 2025
-₹5.3 Cr
EBITDA margin -306.8%
Authorised capital
₹20.75 Cr
Registered with MCA
Paid-up capital
₹15.65 Cr
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Rieom AI Private Limited
Data last updated:
Rieom AI Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Kalp Technologies Private Limited and recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 22 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2017PTC173982. Its GSTIN is 27AAGCK8932Q1ZO (Maharashtra).
The company has an authorised share capital of ₹20.75 Cr and a paid-up capital of ₹15.65 Cr. It is led by directors including Rahul Kishore Joshi (Whole-Time Director) and Ganna Agafonova.
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 Pune, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.73 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹5.81 Cr (net margin -336.5%) and EBITDA of -₹5.3 Cr (EBITDA margin -306.8%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 37% over five years.
The company has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹19 Lakh; the latest was in May 2023. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier.
Rieom AI Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0067507). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kalpfin.com.
Company details
CIN U72200PN2017PTC173982
Registration Number 173982
Incorporation Date 22 December 2017
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kalp Technologies Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-26-0067507
Key People
Rahul Kishore Joshi Whole-Time Director Ganna Agafonova Director Fraser Mcleod Bruce Gemmell Director Recognitions & Rankings of Rieom AI
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-26-0067507
Contact details
Rieom AI Private Limited's registered office is in Pune, Maharashtra. Its website is kalpfin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 202 Sr. No. 52 53 Lohia Jain Business Hub, Village Bavdhan Khurd Taluka Mulshi, Pune, Maharashtra, India – 411021
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Rieom AI Private Limited, buy the company report.
Comprehensive company report
Rieom AI 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 Rieom AI is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Rieom AI Private Limited, buy the company report.
Financials of Rieom AI Private Limited
FY 2025 filings availableRieom AI Private Limited reported revenue of ₹1.73 Cr (down 49% YoY) for FY 2025.
Revenue · FY 2025
₹1.73 Cr ▼ 49%
Net loss · FY 2025
₹5.81 Cr margin -336.5%
EBITDA · FY 2025
-₹5.3 Cr margin -306.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▲ 62%
5 years · compounded
▲ 37%
EBITDA CAGR growth
1 year
▼ 157%
3 years · compounded
▼ 215%
5 years · compounded
▼ 65%
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 37%. EBITDA fell 157% 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 | -₹5.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.81 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -306.8% | ||||
| Net Profit Margin | -336.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Rieom AI Private Limited, buy the company report.
Board of directors of Rieom AI Private Limited
Rieom AI has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganna Agafonova | Director | 27 May 2023 | 3 Years 5 Months | Current |
| Fraser Mcleod Bruce Gemmell | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
| Rahul Kishore Joshi | Whole-Time Director | 16 Jul 2018 | 8 Years 3 Months | Current |
| Mukund Subbarao Kulkarni Also directs: Pepper Advantage India Private Limited | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Rieom AI Private Limited is audited by Neha M Satavalekar for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Neha M Satavalekar | FY 2022 | 163605 |
Shareholding
The shareholding of Rieom AI Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rieom AI Private Limited, buy the company report.
Deals & funding
Rieom AI Private Limited has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹19 Lakh; the latest was in May 2023.
Total deals
3
Acquisition
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹19 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Acquisition | Undisclosed | Buyer: an individual |
| Mar 2020 | Funding round | ₹19 Lakh | Investors: Kalp Technologies Private Limited , 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Kalp Technologies Private Limited |
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 Rieom AI 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
Rieom AI Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| C A Gokhale Associates |
To see the full MSME payment records of Rieom AI Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Rieom AI has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCK8932Q1ZO | Maharashtra | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Rieom AI Private Limited, buy the company report.
Recent activity
Rieom AI Private Limited has 13 board changes on record since 2018: 4 appointments and 9 cessations. The latest: Fraser Mcleod Bruce Gemmell ceased to be Additional Director on 23 Aug 2023.
AGM
Rieom Ai Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Rieom Ai Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Fraser Mcleod Bruce Gemmell ceased to be Additional Director.
Ceased
Ganna Agafonova ceased to be Additional Director.
Ceased
Mukund Subbarao Kulkarni ceased to be Additional Director.
Appointed
Ganna Agafonova was appointed as Director.
Ceased
Chandrashekar Arvind Gokhale ceased to be Director.
Appointed
Fraser Mcleod Bruce Gemmell was appointed as Director.
Appointed
Mukund Subbarao Kulkarni was appointed as Director.
Ceased
Sujata Ankoor Kulkarni ceased to be Director.
Ceased
Rahul Kishore Joshi ceased to be Director.
Ceased
Dhanashri Abhyankar ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Rieom AI is an active private limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 22 December 2017 (9+ years old) and is registered under CIN U72200PN2017PTC173982.
Rieom AI has 4 current directors:
- Rahul Kishore Joshi - Whole-Time Director
- Ganna Agafonova - Director
- Fraser Mcleod Bruce Gemmell - Director
- Mukund Subbarao Kulkarni - Director
The latest financial statements of Rieom AI 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 2018 are in the company report.
The GSTIN of Rieom AI is 27AAGCK8932Q1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rieom AI is U72200PN2017PTC173982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rieom AI was incorporated on 22 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
Rieom AI has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹19 Lakh; the latest was in May 2023.
Fraser Mcleod Bruce Gemmell ceased to be Additional Director on 23 Aug 2023. Ganna Agafonova ceased to be Additional Director on 23 Aug 2023. Mukund Subbarao Kulkarni ceased to be Additional Director on 23 Aug 2023. Rieom AI has 13 board changes on record in total.
Yes, Rieom AI is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Rieom AI is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-26-0067507).
Rieom AI has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.