Startup India Government of India
Utopic Tech Private Limited - electrnoics in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹20.02 Lakh
▼ 19% YoY
Net loss · FY 2024
₹9.72 Lakh
Net margin -48.5%
EBITDA · FY 2024
-₹12.43 Lakh
EBITDA margin -62.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.13 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Brands
1
Associated brands
About Utopic Tech Private Limited
Data last updated:
Utopic Tech Private Limited is a private limited company based in Indore, Madhya Pradesh, India, recognised as a startup by DPIIT. It operates in the home appliances segment of the electronics sector. It was incorporated on 14 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U29308MP2019PTC049816.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.13 Lakh. It is led by directors Mehul Baldwa and Sanjay Kumar Baldwa.
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.N 52 Muchhal Bhavan Mtc Market, Indore, Madhya Pradesh, India – 452002.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.02 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹9.72 Lakh (net margin -48.5%) and EBITDA of -₹12.43 Lakh (EBITDA margin -62.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company is associated with 1 brand: Utopic Tech.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website utopictech.com.
Company details
CIN U29308MP2019PTC049816
Registration Number 049816
Incorporation Date 14 October 2019
ROC Gwalior
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Utopic Tech
Contact details
Utopic Tech Private Limited's registered office is in Indore, Madhya Pradesh. Its website is utopictech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressH.N 52 Muchhal Bhavan Mtc Market, Indore, Madhya Pradesh, India – 452002
- IndustryElectrnoics, Home Appliance, Electric Appliance, Manufacturing
To see the full contact details of Utopic Tech Private Limited, buy the company report.
Comprehensive company report
Utopic Tech 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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Brands
Utopic Tech operates one associated brand: Utopic Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Medical device for kidney diagnosis and management is developed. | utopictech.com |
Financials of Utopic Tech Private Limited
FY 2025 filings availableUtopic Tech Private Limited reported revenue of ₹20.02 Lakh (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹20.02 Lakh ▼ 19%
Net loss · FY 2024
₹9.72 Lakh margin -48.5%
EBITDA · FY 2024
-₹12.43 Lakh margin -62.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 35%
EBITDA CAGR growth
3 years · compounded
▼ 118%
Revenue fell 19% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 35%. 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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| Total Expenses | |||||
| EBITDA | -₹12.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9.72 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.1% | ||||
| Net Profit Margin | -48.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Utopic Tech Private Limited, buy the company report.
Board of directors of Utopic Tech Private Limited
Utopic Tech has 2 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 |
|---|---|---|---|---|
| Mehul Baldwa | Director | 14 Oct 2019 | 7 Years 1 Months | Current |
| Sanjay Kumar Baldwa | Director | 14 Oct 2019 | 7 Years 1 Months | Current |
Legal cases
No court or tribunal cases involving Utopic Tech 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 Utopic Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Utopic Tech Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Utopic Tech Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Edna Joseph ceased to be Nominee Director on 23 May 2025.
AGM
Utopic Tech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Edna Joseph ceased to be Nominee Director.
Filing
Utopic Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Appointed
Edna Joseph was appointed as Nominee Director.
Appointed
Mehul Baldwa was appointed as Director.
Appointed
Sanjay Kumar Baldwa was appointed as Director.
Incorporation
14 Oct 2019
Utopic Tech Private Limited was registered on 14 Oct 2019 with Roc Gwalior & aged 7 years 1 month as per MCA records.
Frequently asked questions
Utopic Tech is an active private limited company based in Indore, Madhya Pradesh, India. The company works in home appliance, within the electronics industry. It was incorporated on 14 October 2019 (7+ years old) and is registered under CIN U29308MP2019PTC049816.
Utopic Tech has 2 current directors:
- Mehul Baldwa - Director
- Sanjay Kumar Baldwa - Director
The latest financial statements of Utopic Tech 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 2020 are in the company report.
The CIN (Corporate Identification Number) of Utopic Tech is U29308MP2019PTC049816. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Utopic Tech was incorporated on 14 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
Edna Joseph ceased to be Nominee Director on 23 May 2025. Edna Joseph was appointed as Nominee Director on 09 Apr 2022. Mehul Baldwa was appointed as Director on 14 Oct 2019. Utopic Tech has 4 board changes on record in total.
Yes, Utopic Tech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Utopic Tech can be reached through the website utopictech.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Utopic Tech is at H.N 52 Muchhal Bhavan Mtc Market, Indore, Madhya Pradesh, India – 452002.
Utopic Tech operates in the electronics industry, in the home appliance segment.
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