About 1M1b Foundation
Data last updated:
1M1b Foundation is a private not for profit company based in Bangalore South, Karnataka, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 27 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2012NPL065554. Its GSTIN is 29AAGCR1499B1Z8 (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It was formerly known as Red Chariot Foundation. It is led by directors including Abhiram Natarajan and Manav Subodh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore South, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.39 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹18.41 Lakh (net margin 1.6%) and EBITDA of ₹19.27 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 58% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website activate1m1b.org.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressKay Arr The Ivy No. 692, 16th Main 6th A Cross 3rd Block, Bangalore South, Karnataka, India – 560034
- IndustryEducation, Corporate Training & Development
- 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
CIN History of 1M1b Foundation
1M1b Foundation has one previous CIN (Corporate Identification Number): U22222KA2012NPL065554. The current CIN is U93000KA2012NPL065554, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93000KA2012NPL065554 | Current |
| U22222KA2012NPL065554 | Previous |
Business Activity of 1M1b Foundation
The business activities of 1M1b Foundation are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | 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.
Auditor Details of 1M1b Foundation
1M1b Foundation is audited by ADITHYA AND VISHWAS for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ADITHYA AND VISHWAS | 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 1M1b Foundation
1M1b Foundation has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhiram Natarajan Also directs: Great Indian Spice House Private Limited | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
| Manav Subodh Also directs: Big Small Talk Entertainment LLP, Lakrish Platforms LLP, Purpose Academy & Training Labs Private Limited and 3 more | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
| Manju Balasubramanyam Also directs: Swytchd Mobility Private Limited, Serendip Estates Private Limited, Niravadhi Edu Foundation and 1 more | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Priya Subodh | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Radhika Rajagopal | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Financials of 1M1b Foundation FY 2024 filings available
1M1b Foundation reported revenue of ₹11.39 Cr (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of 1M1b Foundation
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 70% growth in the latest year. EBITDA fell 5% 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 1M1b Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹19.27 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.41 Lakh | •••• | •••• | •••• | •••• |
| 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 1M1b Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.6% | •••• | •••• | •••• | •••• |
| 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 1M1b Foundation are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of 1M1b Foundation
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 1M1b Foundation
1M1b Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at 1M1b Foundation
Employment history and EPFO contributions of people linked to 1M1b Foundation.
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.
GST Compliance of 1M1b Foundation
1M1b Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCR1499B1Z8 | Karnataka | Active | 18 Dec 2019 |
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.
Credit Ratings, Litigation & Regulatory Alerts for 1M1b Foundation
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 1M1b Foundation
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 1M1b Foundation
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.
MCA Filings & Documents of 1M1b Foundation
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.
Recent Activity on 1M1b Foundation
Frequently Asked Questions about 1M1b Foundation
1M1b Foundation is an active private not for profit company based in Bangalore South, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 27 August 2012 (14+ years old) and is registered under CIN U93000KA2012NPL065554.
1M1b Foundation reported revenue of ₹11.39 Cr for FY 2025 (up 70% YoY).
1M1b Foundation has 5 current directors:
- Abhiram Natarajan - Director
- Manav Subodh - Director
- Manju Balasubramanyam - Director
- Priya Subodh - Director
- Radhika Rajagopal - Director
1M1b Foundation reported a net profit of ₹18.41 Lakh (net margin 1.6%) and EBITDA of ₹19.27 Lakh (EBITDA margin 1.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of 1M1b Foundation is 30% over three years and 58% over five years. In the latest year (FY 2025) revenue rose 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of 1M1b Foundation is 29AAGCR1499B1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of 1M1b Foundation is U93000KA2012NPL065554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
1M1b Foundation was incorporated on 27 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
1M1b Foundation can be reached through the website activate1m1b.org. Its registered office is in Bangalore South, Karnataka, India.