Banco Foundation - Company Profile

Q: Who are the current directors of Banco Foundation?

The current directors of Banco Foundation are Upendra Raghunath Joshi, Sharan Mehul Patel, Manish Ashokbhai Dave, Mehul K Patel.

It is a education & learing private not for profit company based in Baroda, Gujarat, India, established in 1968.

1968 Baroda, Gujarat, India Active

Last Updated: February 09, 2026

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About Banco Foundation

Banco Foundation, a active private not for profit company, was established on 01 March 1968 in Baroda, Gujarat, India. Engaging in primary & secondary education within the education sector, it holds CIN: U74990GJ1968NPL001494. Registered under ROC Roc Ahmedabad. it is unlisted.

It upholds a compliant status. Its leadership includes Upendra Raghunath Joshi (Director), Sharan Mehul Patel (Director), Manish Ashokbhai Dave (Director). Past directors included Upendra Raghunath Joshi, Sharan Mehul Patel, Vimal Kanubhai Patel. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Bil, Nr.Bhaill Railway Station, Padra Road,, Baroda, Gujarat, 391410.

Company Details

CIN/LLPIN
U74990GJ1968NPL001494
Registration Number
001494
Incorporation Date
01 March 1968
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Company Age 58 Year, 10 Days
Last Filing with ROC 31 Mar 2025
Revenue Growth **** 3.35% (FY 2020)
Profit Growth **** 76.20% (FY 2020)
Ebitda **** 6.02% (FY 2020)
Net Worth -0.23% (FY 2020)
Total Assets -0.19% (FY 2020)

Comprehensive Company Insights

Explore comprehensive insights into Banco Foundation — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Banco Foundation?

Current Directors

Name	Designation	Appointment Date	Status
Upendra Raghunath Joshi	Director	12 Dec 2022	Current
Sharan Mehul Patel	Director	12 Dec 2022	Current
Manish Ashokbhai Dave	Director	12 Dec 2022	Current
Mehul K Patel	Director	01 Sep 1998	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Sep 2023	Past
Pramod Abcsdd	Additional Director	29 Sep 2023	Past
Pramod Abcsdd	Director	10 Dec 2022	Past
Pramod Abcsdd	Director	10 Dec 2022	Past
Pramod Abcsdd	Additional Director	29 Sep 2023	Past
Pramod Abcsdd	Director	06 May 2023	Past

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Financial Performance of Banco Foundation.

Banco Foundation, for the financial year ended 2020, experienced modest growth in revenue, with a 3.35% increase. The company also saw a substantial improvement in profitability, with a 76.2% increase in profit. The company's net worth dipped by a decrease of 0.23%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

3.35%

*******

Revenue from Operations

*******

Total Assets

*******

-0.19%

*******

Profit or Loss

*******

76.20%

*******

Net Worth

*******

-0.23%

*******

EBITDA

*******

6.02%

*******

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What is the Ownership and Shareholding Structure of Banco Foundation?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Banco Foundation?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Banco Foundation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Banco Foundation's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Banco Foundation

Recent Activity within the Organization

Annual General Meeting

Banco Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Balance Sheet

Banco Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2025
Director Appointment

Upendra Raghunath Joshi was appointed as a Director was appointed as a Director on 12 Dec 2022 & has been associated with this company since 3 years 2 months . was recorded as a recent event.
12 Dec 2022
Director Appointment

Progress on Sharan Mehul Patel was appointed as a Director was appointed as a Director on 12 Dec 2022 & has been associated with this company since 3 years 2 months . was documented.
12 Dec 2022
Director Appointment

Progress on Manish Ashokbhai Dave was appointed as a Director was appointed as a Director on 12 Dec 2022 & has been associated with this company since 3 years 2 months . was documented.
12 Dec 2022
Director Appointment

The activity Mehul K Patel was appointed as a Director was appointed as a Director on 01 Sep 1998 & has been associated with this company since 27 years 6 months . was completed.
01 Sep 1998

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