India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,090 Gulu Lalchand Mirchandani ₹2,400 Cr
Adino Research Foundation
Adino Research Foundation - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Not For Profit Company financial services
Revenue · FY 2025
₹1,220
Latest filing
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹30,200
Issued & subscribed
Company age
40 yrs
Est. 1986
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
Last AGM
30 Sep 2025
Annual general meeting
Company status
Active
MCA master data
About Adino Research Foundation
Data last updated:
Adino Research Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 01 October 1986 and has been in existence for over 40 years.
Its director Gulu Lalchand Mirchandani is #1,090 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH1986NPL041099.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹30,200. It is led by directors Gulu Lalchand Mirchandani and Vijay Jaikrishin Mansukhani.
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 G – 1 MIDC Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093.
The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Adino Research Foundation
CIN U73100MH1986NPL041099
Registration Number 041099
Incorporation Date 01 October 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Adino Research Foundation
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressG – 1 MIDC Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Diversified Financial Services
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Financials of Adino Research Foundation FY 2025 filings available
Adino Research Foundation reported revenue of ₹1,220 for FY 2025.
Revenue · FY 2025
₹1,220
Financial Statement Summary of Adino Research 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 | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| 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 Adino Research Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Adino Research Foundation are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Adino Research Foundation
Adino Research Foundation has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gulu Lalchand Mirchandani | Director | 01 Oct 1986 | 40 Years 0 Months | Current |
| Vijay Jaikrishin Mansukhani Also directs: Malabar Fund Managers LLP, Onida Electronics Limited, Adino Tele Services Limited and 1 more | Director | 01 Oct 1986 | 40 Years 0 Months | Current |
Peer Comparison of Adino Research Foundation
Adino Research Foundation is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MLC Marketplaces Private Limited | ₹1,264 (FY 2023) | •••• | •••• | 52.0% | •••• | Haryana, India |
| Silverline Estate Developers Private Limited | ₹1,260 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Nram Regent Private Limited | ₹1,252 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Bag House Pvt Ltd | ₹1,243 (FY 2025) | •••• | •••• | -41.0% | •••• | Ahmedabad, Gujarat, India |
| Meera Mohan Investment Pvt Ltd | ₹1,224 (FY 2025) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Adino Research Foundation this company | ₹1,220 (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Fundalogical Growth Development Private Limited | ₹1,200 (FY 2025) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Delhi Supply Agency Pvt Ltd | ₹1,200 (FY 2025) | •••• | •••• | -100.0% | •••• | New Delhi, Delhi, India |
| Aarambh Infraresources Private Limited | ₹1,197 (FY 2025) | •••• | •••• | •••• | Patna, Bihar, India | |
| Sab Management Services Private Limited | ₹1,185 (FY 2024) | •••• | •••• | •••• | Howrah, West Bengal, India | |
| Goodwill Trades Private Limited | ₹1,169 (FY 2025) | •••• | •••• | -100.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Adino Research Foundation by revenue in the BFSI industry (Other Financial Services), 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 Adino Research Foundation
Adino Research Foundation is audited by SINGHANIA & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHANIA & ASSOCIATES | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Adino Research Foundation
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Charges & Borrowings of Adino Research Foundation
Adino Research Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Adino Research Foundation
Employment history and EPFO contributions of people linked to Adino Research Foundation.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Adino Research Foundation
Adino Research Foundation has 2 board changes on record since 1986: 2 appointments. The latest: Gulu Lalchand Mirchandani was appointed as Director on 01 Oct 1986.
AGM
Adino Research Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Adino Research Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Gulu Lalchand Mirchandani was appointed as Director.
Appointed
Vijay Jaikrishin Mansukhani was appointed as Director.
Incorporation
01 Oct 1986
Adino Research Foundation was registered on 01 Oct 1986 with Roc Mumbai I & aged 40 years 20 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Adino Research Foundation
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MSME Payment Delays by Adino Research Foundation
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Adino Research Foundation
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GST Compliance of Adino Research Foundation
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MCA Filings & Documents of Adino Research Foundation
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Frequently Asked Questions about Adino Research Foundation
Adino Research Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 01 October 1986 (40+ years old) and is registered under CIN U73100MH1986NPL041099.
Adino Research Foundation has 2 current directors:
- Gulu Lalchand Mirchandani - Director
- Vijay Jaikrishin Mansukhani - Director
The CIN (Corporate Identification Number) of Adino Research Foundation is U73100MH1986NPL041099. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adino Research Foundation was incorporated on 01 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Adino Research Foundation by revenue are MLC Marketplaces Private Limited, Silverline Estate Developers Private Limited, Nram Regent Private Limited, Bag House Pvt Ltd, Meera Mohan Investment Pvt Ltd and 5 more, all in the BFSI industry (Other Financial Services).
Gulu Lalchand Mirchandani was appointed as Director on 01 Oct 1986. Vijay Jaikrishin Mansukhani was appointed as Director on 01 Oct 1986.
The registered office of Adino Research Foundation is at G – 1 MIDC Mahakali Caves Road Andheri East, Mumbai, Maharashtra, India – 400093.
Adino Research Foundation has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹30,200.
Adino Research Foundation operates in the financial services industry, in the diversified financial services segment.
No. Adino Research Foundation is not listed on any stock exchange. It is an unlisted company.
The compliance status of Adino Research Foundation is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.