About FSID
FSID is a Technology company based in Bengaluru (India) founded in 1991. FSID is engaged in deep science and technology innovation. It operates on a Professional Services and Managed Services model. The company has 24 employees. Its website fsid-iisc.in draws about 12 thousand monthly visits. Its Indian entity Foundation For Science Innovation And Development reported revenue of ₹65.31 Cr. FSID offers products and services including Co Innovation and Research, Deep Science Incubation, New Product Development, and Targeted Research and Innovation. Its focus areas include Science and Technology, Research and Development and Deep Science Innovation.
Company details
Foundation for Science Innovation and Development (FSID) is focused on leveraging deep science and deep tech knowledge from the Indian Institute of Science (IISc). Services are provided across collaborative research, incubation, product development, and consulting. Engagement models are tailored for large corporations, government bodies, medium-sized enterprises, and startups. Four divisions are operated to deploy deep science for social impact: Co Innovation and Research, Deep Science Incubation, New Product Development, and Targeted Research and Innovation. Projects of national importance are incubated to create transformative solutions.
- Headquarters Bengaluru, India
- Employees 24
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website fsid-iisc.in
- Social LinkedIn
- Legal Name Foundation For Science Innovation And Development
- Date of Incorporation 08 Aug, 2020
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹65.31 Cr
FY 2025 · +36% YoY
- Net Profit₹7.43 Cr
FY 2025 · 11% margin
- EBITDA₹7.72 Cr
FY 2025 · 12% margin
- Latest Funding Round$30K (USD), Grant
Jun 2010
- Investors
- Employee Count24
Associated legal entities of FSID
FSID operates through Foundation For Science Innovation And Development (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Foundation For Science Innovation And Development CIN U73100KA2020NPL137018 | Active | 08 Aug 2020 | Bengaluru, Karnataka | ₹65.3 Cr | 24 | 4 | View details |
Products & Services of FSID
FSID offers a comprehensive portfolio of products and services, including Co Innovation and Research, Deep Science Incubation, New Product Development, and Targeted Research and Innovation.
Collaborative research is facilitated for deep science innovation.
Incubation support is provided for deep science startups.
New products are developed using deep science expertise.
Targeted research is conducted for innovative science solutions.
Funding Insights of FSID
- Total Rounds 1
- Last Round Grant — $30,000
- First Round $30,000
(Jun 2010)
- Investors Count 1
All 1 funding rounds of FSID with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2010 | $30,000 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in FSID
FSID has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Military Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Administers health care and support for military personnel and operations. | health.mil | Falls Church, United States |
Investor details for FSID
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Foundation For Science Innovation And Development (FSID)
Foundation For Science Innovation And Development is the primary company behind FSID. The board of Foundation For Science Innovation And Development currently have 4 directors; the longest-serving is Balan Gurumoorthy, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balan Gurumoorthy DIN 01631946 | Director | 08 Aug 2020 | 6 yrs 2 mo | Foundation For Science Innovation And Development |
| Govindan Rangarajan DIN 08881067 | Director | 11 Dec 2020 | 5 yrs 10 mo | Foundation For Science Innovation And Development |
| Anil Parameswaransarala Kumar DIN 09142312 | Director | 04 Aug 2021 | 5 yrs 3 mo | Foundation For Science Innovation And Development |
| Usha Vijayraghavan DIN 09399801 | Director | 28 Mar 2022 | 4 yrs 7 mo | Foundation For Science Innovation And Development |
Financials of FSID
Figures of Foundation For Science Innovation And Development, the primary company behind FSID, for FY 2025. Revenue was ₹65.31 Cr (+36% year on year). Net profit was ₹7.43 Cr (11% margin). EBITDA was ₹7.72 Cr (12% margin). Revenue has grown at a compounded annual rate of +783% over three years.
- ₹65.31 CrRevenue · FY 2025 · +36% YoY
- ₹7.43 CrNet profit · 11% margin
- ₹7.72 CrEBITDA · 12% margin
- 24Employees (provident fund records)
- +783%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Foundation For Science Innovation And Development are on its company page.
Detailed financial statements for FSID
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FSID
2 dated milestones of FSID across 19 years, from founding to its latest funding, stage changes and deals.
- Founded FSID is founded.
- Funding First funding round of $30K.
Web traffic of FSID
The website of FSID (fsid-iisc.in) receives about 12K visits a month.
- Monthly visits12K
▲ 43.6% vs previous month
Top companies in Deep Tech & Frontier Technologies
3 companies that operate in the same segment as FSID (Deep Tech & Frontier Technologies) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Early-stage investing in tech startups in India. | 2011 | Mumbai, Maharashtra, India | USD 3.74 M | |||
Venture capital investments in startups from leading Indian institutions across various sectors. | 2011 | Mumbai, Maharashtra, India | USD 2.58 M | 13 | ||
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | Ahmedabad, Gujarat, India | USD 2.4 M | 59 |
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Frequently Asked Questions about FSID
FSID was founded in 1991 and raised its 1st funding round 19 years after it was founded.
FSID is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
FSID has 24 employees.
The primary company behind FSID, Foundation For Science Innovation And Development, reported revenue of ₹65.31 Cr for FY 2025, up 36% year on year.
Foundation for Science Innovation and Development (FSID) is focused on leveraging deep science and deep tech knowledge from the Indian Institute of Science (IISc). Services are provided across collaborative research, incubation, product development, and consulting. Engagement models are tailored for large corporations, government bodies, medium-sized enterprises, and startups. Four divisions are operated to deploy deep science for social impact: Co Innovation and Research, Deep Science Incubation, New Product Development, and Targeted Research and Innovation. Projects of national importance are incubated to create transformative solutions.
FSID offers Co Innovation and Research, Deep Science Incubation, New Product Development, and Targeted Research and Innovation.
FSID has 1 investor. Key investors include Military Health.
FSID operates through Foundation For Science Innovation And Development.
The legal entities of FSID currently have 4 directors, including Anil Parameswaransarala Kumar, Balan Gurumoorthy, Govindan Rangarajan and others.