About Interest Aid
Interest Aid is a Financial Services company. Promoting innovation, entrepreneurship, and community empowerment through non-profit initiatives in India. It operates in the Financial Services and Real Estate & Construction sectors. Interest Aid offers products and services including Workshops and Mentoring Programs. Its focus areas include Non-Profit Services, Community Empowerment, Innovation Promotion and Entrepreneurship Support. Its legal entity in India is Interest Aid Foundation (U74999DL2016NPL309642).
Company details
Interest Aid is recognized as a donor-supported non-profit initiative focused on fostering innovation and entrepreneurship within communities. Efforts are directed towards building networks between local organizations, businesses, and governments to nurture ideas and reduce failure risks. Workshops are conducted nationwide to inspire youth, while knowledge sharing and support for sustainable business models are emphasized. The organization consolidates community funds to promote self-reliance, with a framework established for identifying and aiding startups lacking resources. Overall, innovation is encouraged to drive economic expansion and employment through SME development, ensuring long-term community benefits.
- SectorsFinancial ServicesReal Estate & Construction
- Email••••••••
- Website interestaid.com
- Social LinkedIn X Facebook
- Legal Name Interest Aid Foundation
- Date of Incorporation 23 Dec, 2016
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹79,788
FY 2024 · -33% YoY
- Indian entity net loss-₹68,406
FY 2024 · -86% margin
- Indian entity EBITDA-₹68,406
FY 2024 · -86% margin
Associated legal entities of Interest Aid
Interest Aid operates through Interest Aid Foundation (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Interest Aid Foundation CIN U74999DL2016NPL309642 | Active | 23 Dec 2016 | New Delhi, Delhi | ₹0.0 Cr | 3 | View details |
Products & Services of Interest Aid
Interest Aid offers a comprehensive portfolio of products and services, including Workshops and Mentoring Programs.
Workshops are organized to expose young minds to innovation and entrepreneurship, fostering idea development and community engagement
Mentoring programs are provided to novice entrepreneurs, offering skills and guidance to enhance business prospects and achieve sustainability
Board of directors of Interest Aid Foundation (Interest Aid)
Interest Aid Foundation is the primary company behind Interest Aid. The board of Interest Aid Foundation currently have 3 directors; the longest-serving is Akif Ahmad, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akif Ahmad DIN 07636343 | Director | 23 Dec 2016 | 9 yrs 10 mo | Interest Aid Foundation |
| Faizan Khan DIN 07641458 | Director | 23 Dec 2016 | 9 yrs 10 mo | Interest Aid Foundation |
| Saif Ul Haque DIN 06371340 | Director | 23 Dec 2016 | 9 yrs 10 mo | Interest Aid Foundation |
Financials of Interest Aid
Figures of Interest Aid Foundation, the primary company behind Interest Aid, for FY 2024. Revenue was ₹79,788 (-33% year on year). Net loss was -₹68,406 (-86% margin). EBITDA was -₹68,406 (-86% margin). Revenue has grown at a compounded annual rate of -37% over three years and -31% over five years.
- ₹79,788Revenue · FY 2024 · -33% YoY
- -₹68,406Net loss · -86% margin
- -₹68,406EBITDA · -86% margin
- -37%Revenue CAGR, 3 years
- -31%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Interest Aid Foundation are on its company page.
Detailed financial statements for Interest Aid
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Frequently Asked Questions about Interest Aid
The primary company behind Interest Aid, Interest Aid Foundation, reported revenue of ₹79,788 for FY 2024, down 33% year on year.
Interest Aid is recognized as a donor-supported non-profit initiative focused on fostering innovation and entrepreneurship within communities. Efforts are directed towards building networks between local organizations, businesses, and governments to nurture ideas and reduce failure risks. Workshops are conducted nationwide to inspire youth, while knowledge sharing and support for sustainable business models are emphasized. The organization consolidates community funds to promote self-reliance, with a framework established for identifying and aiding startups lacking resources. Overall, innovation is encouraged to drive economic expansion and employment through SME development, ensuring long-term community benefits.
Interest Aid offers Workshops and Mentoring Programs.
Interest Aid operates through Interest Aid Foundation.
The legal entities of Interest Aid currently have 3 directors, including Akif Ahmad, Faizan Khan, Saif Ul Haque.