Sandu Research Foundation Private Limited
About Sandu Research Foundation Private Limited
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Sandu Research Foundation Private Limited is a private limited company based in Porvorim, Goa, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 23 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U73100GA1994PTC001615. Its GSTIN is 27AADCS1020J1ZO (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mrugank Makarand Kelkar and Manaswee Mayur Kelkar.
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 H.No 923/188 Alto Sucorro Porvorim 403521, Goa, India – 403521.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.09 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹3.94 Lakh (net margin 6%) and EBITDA of ₹5.34 Lakh (EBITDA margin 8.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sandu Research Foundation Private Limited's registered office is in Porvorim, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH.No 923/188 Alto Sucorro Porvorim 403521, Goa, India – 403521
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Sandu Research Foundation Private Limited, buy the company report.
- 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 Sandu Research Foundation is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Sandu Research Foundation Private Limited, buy the company report.
Financials of Sandu Research Foundation Private Limited
FY 2025 filings availableSandu Research Foundation Private Limited reported revenue of ₹66.09 Lakh (down 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 56% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.34 Lakh | ||||
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| Net Profit (PAT) | ₹3.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 8.1% | ||||
| Net Profit Margin | 6% | ||||
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To see the full financial statements and ratios of Sandu Research Foundation Private Limited, buy the company report.
Board of directors of Sandu Research Foundation Private Limited
Sandu Research Foundation has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mrugank Makarand Kelkar Also directs: Sanbert Packaging Pvt Ltd, Sanbro Marketing Services Pvt Ltd, Neelambar Leasing and Finvest Private Limited and 2 more | Director | 17 Apr 2021 | 5 Years 6 Months | Current |
| Manaswee Mayur Kelkar Also directs: Sanbert Packaging Pvt Ltd, Sanbro Marketing Services Pvt Ltd, Neelambar Leasing and Finvest Private Limited and 2 more | Director | 02 Jun 2023 | 3 Years 5 Months | Current |
Auditor
Sandu Research Foundation Private Limited is audited by A S ZOTA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S ZOTA & CO | FY 2022 | 032826 |
Shareholding
The shareholding of Sandu Research Foundation Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sandu Research Foundation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sandu Research Foundation 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
No delayed payments to MSME suppliers are on our record for Sandu Research Foundation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sandu Research Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS1020J1ZO | Maharashtra | Active | 14 Dec 2017 |
To see the full GST registrations and return filing status of Sandu Research Foundation Private Limited, buy the company report.
Recent activity
Sandu Research Foundation Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Manaswee Mayur Kelkar ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Sandu Research Foundation is an active private limited company based in Porvorim, Goa, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 23 June 1994 (32+ years old) and is registered under CIN U73100GA1994PTC001615.
Sandu Research Foundation has 2 current directors:
- Mrugank Makarand Kelkar - Director
- Manaswee Mayur Kelkar - Director
The latest financial statements of Sandu Research Foundation 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 2015 are in the company report.
The GSTIN of Sandu Research Foundation is 27AADCS1020J1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sandu Research Foundation is U73100GA1994PTC001615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sandu Research Foundation was incorporated on 23 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Goa.
Manaswee Mayur Kelkar ceased to be Additional Director on 29 Sep 2023. Nilesh Arvind Jathar ceased to be Director Appointed In Casual Vacancy on 03 Jul 2023. Manaswee Mayur Kelkar was appointed as Director on 02 Jun 2023. Sandu Research Foundation has 9 board changes on record in total.
The registered office of Sandu Research Foundation is at H.No 923188 Alto Sucorro Porvorim 403521, Goa, India – 403521.
Sandu Research Foundation operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Sandu Research Foundation is compliant as of 10 July 2026. The company is actively filing with the Registrar of Companies.
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