About Aic-Sangam Innovation Foundation
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Aic-Sangam Innovation Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 13 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2017NPL293818. Its GSTIN is 06AADCF0704C1ZF (Haryana).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.28 Lakh. It was formerly known as Aic-Sangam Foundation for Acceleration & Innovation. It is led by directors Anuradha Bhavnani and Karthik Chandrasekar.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.1 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹32.32 Lakh (net margin -29.3%) and EBITDA of -₹14.02 Lakh (EBITDA margin -12.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 12% over five years.
The company is associated with 1 brand: AIC Sangam.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aic-sangam.org.
Company details
Name history
Aic-Sangam Innovation Foundation has undergone 5 name changes throughout its history. The current legal name is Aic-Sangam Innovation Foundation.
| Company Name | Status |
|---|---|
| Aic-Sangam Innovation Foundation | Current |
| Aic-Sangam Foundation For Acceleration & Innovation | Previous |
| Aic-Sangam Innovation Advisory | Previous |
| Foundation For Green Acceleration & Innovation Advisory | Previous |
| Aic-Sangam Foundation For Incubation | Previous |
Contact details
Aic-Sangam Innovation Foundation's registered office is in Mumbai, Maharashtra. Its website is aic-sangam.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 1061 Oberoi Gardens Cts 47, Chandivali Farm Road, Mumbai, Maharashtra, India – 400072
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Aic-Sangam Innovation Foundation, 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
Brands
Aic-Sangam Innovation Foundation operates one associated brand: AIC Sangam. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| CleanTech startups are accelerated and incubated through AIC Sangam programs. | aic-sangam.org |
Business activity
The main business activity of Aic-Sangam Innovation Foundation is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Aic-Sangam Innovation Foundation, buy the company report.
Financials of Aic-Sangam Innovation Foundation
FY 2025 filings availableAic-Sangam Innovation Foundation reported revenue of ₹1.1 Cr (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 29% fall in the latest year. EBITDA fell 161% 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 | -₹14.02 Lakh | ||||
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| Net Profit (PAT) | -₹32.32 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 | -12.7% | ||||
| Net Profit Margin | -29.3% | ||||
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To see the full financial statements and ratios of Aic-Sangam Innovation Foundation, buy the company report.
Board of directors of Aic-Sangam Innovation Foundation
Aic-Sangam Innovation Foundation has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuradha Bhavnani | Director | 19 Nov 2019 | 6 Years 11 Months | Current |
| Karthik Chandrasekar | Director | 13 Apr 2017 | 9 Years 6 Months | Current |
Auditor
Aic-Sangam Innovation Foundation is audited by DHARIWAL & SREENIVAS for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARIWAL & SREENIVAS | FY 2022 | 007197S |
Shareholding
The shareholding of Aic-Sangam Innovation Foundation is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aic-Sangam Innovation Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Aic-Sangam Innovation Foundation 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 Aic-Sangam Innovation Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aic-Sangam Innovation Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCF0704C1ZF | Haryana | Active | 15 Nov 2017 |
To see the full GST registrations and return filing status of Aic-Sangam Innovation Foundation, buy the company report.
Recent activity
Aic-Sangam Innovation Foundation has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Aparna Khandelwal ceased to be Director on 26 Sep 2024.
Frequently asked questions
Aic-Sangam Innovation Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 13 April 2017 (9+ years old) and is registered under CIN U93090MH2017NPL293818.
Aic-Sangam Innovation Foundation has 2 current directors:
- Anuradha Bhavnani - Director
- Karthik Chandrasekar - Director
The latest financial statements of Aic-Sangam Innovation 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 FY 2018 are in the company report.
The GSTIN of Aic-Sangam Innovation Foundation is 06AADCF0704C1ZF, registered in Haryana.
The CIN (Corporate Identification Number) of Aic-Sangam Innovation Foundation is U93090MH2017NPL293818. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aic-Sangam Innovation Foundation was incorporated on 13 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Aparna Khandelwal ceased to be Director on 26 Sep 2024. Nitin Goel ceased to be Director on 17 Feb 2020. Anuradha Bhavnani was appointed as Director on 19 Nov 2019. Aic-Sangam Innovation Foundation has 6 board changes on record in total.
Aic-Sangam Innovation Foundation can be reached through the website aic-sangam.org. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Aic-Sangam Innovation Foundation is at B – 1061 Oberoi Gardens Cts 47, Chandivali Farm Road, Mumbai, Maharashtra, India – 400072.
Aic-Sangam Innovation Foundation operates in the infrastructure and utilities industry, in the general infrastructure services segment.