DPIIT recognised startup Government of India
Startup India
Bandragon Research Private Limited
Bandragon Research Private Limited - electrnoics in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.06 Lakh
▲ 140% YoY
Net profit · FY 2025
₹26,279
Net margin 5.2%
EBITDA · FY 2025
₹30,462
EBITDA margin 6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Bandragon Research Private Limited
Data last updated:
Bandragon Research Private Limited is a private limited company based in Nashik, Maharashtra, India, recognised as a startup by DPIIT. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 18 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31900MH2017PTC299843. Its GSTIN is 27AAHCB4480H1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Amol Nivrutti Shinde and Dipali Chandrakant Darandale.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No 02 Aditya Towers Canal Road Tuljabhavani Nagar, Nashik, Maharashtra, India – 422003.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.06 Lakh, a growth of 140% compared to the previous year. For the same year it recorded a net profit of ₹26,279 (net margin 5.2%) and EBITDA of ₹30,462 (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 178% over three years and 60% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31900MH2017PTC299843
Registration Number 299843
Incorporation Date 18 September 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Bandragon Research
Contact details
Bandragon Research Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No 02 Aditya Towers Canal Road Tuljabhavani Nagar, Nashik, Maharashtra, India – 422003
- IndustryElectrnoics, Electrical Equipment, Manufacturing
To see the full contact details of Bandragon Research Private Limited, buy the company report.
Comprehensive company report
Bandragon Research Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Bandragon Research is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Bandragon Research Private Limited, buy the company report.
Financials of Bandragon Research Private Limited
FY 2025 filings availableBandragon Research Private Limited reported revenue of ₹5.06 Lakh (up 140% YoY) for FY 2025.
Revenue · FY 2025
₹5.06 Lakh ▲ 140%
Net profit · FY 2025
₹26,279 margin 5.2%
EBITDA · FY 2025
₹30,462 margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 140%
3 years · compounded
▲ 178%
5 years · compounded
▲ 60%
EBITDA CAGR growth
3 years · compounded
▲ 66%
5 years · compounded
▲ 52%
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 140% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30,462 | ||||
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| Net Profit (PAT) | ₹26,279 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Bandragon Research Private Limited, buy the company report.
Board of directors of Bandragon Research Private Limited
Bandragon Research has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amol Nivrutti Shinde | Director | 18 Sep 2017 | 9 Years 1 Months | Current |
| Dipali Chandrakant Darandale | Director | 18 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Bandragon Research Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Solstice Integrated Power Solutions Private Limited | ₹5.1 Lakh (FY 2018) | 21.0% | Mumbai, Maharashtra, India | |||
| Manidweepa Enterprises Private Limited | ₹5.08 Lakh (FY 2018) | Thulluru, Andhra Pradesh, India | ||||
| Hummingbird Led Lights Private Limited | ₹5.08 Lakh (FY 2021) | 101.0% | Thane, Maharashtra, India | |||
| Subah Engineers Private Limited | ₹5.08 Lakh (FY 2025) | 44.0% | Tamil Nadu, India | |||
| Culiinno Food Automation Private Limited | ₹5.06 Lakh (FY 2019) | Thiruvananhapuram, Kerala, India | ||||
| Bandragon Research Private Limitedthis company | ₹5.06 Lakh (FY 2025) | ₹26,279 | 5.2% | 140.0% | Nashik, Maharashtra, India | |
| Preevol Technics Private Limited | ₹5.05 Lakh (FY 2024) | Ahmedabad, Gujarat, India | ||||
| Anik Mechatronic Private Limited | ₹5.05 Lakh (FY 2019) | -66.0% | Gurgaon, Haryana, India | |||
| Ghosh Roy Engineering Works Pvt Ltd | ₹5.04 Lakh (FY 2021) | -41.0% | Kolkata, West Bengal, India | |||
| National Electro Tech Private Limited | ₹5.04 Lakh (FY 2025) | -37.0% | Rajkot, Gujarat, India | |||
| Uzwal Resources Private Limited | ₹5.03 Lakh (FY 2015) | Bhubaneswar, Odisha, India |
To see the full peer comparison of Bandragon Research Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bandragon Research Private Limited 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 Bandragon Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bandragon Research has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCB4480H1ZK | Maharashtra | Active | 06 Apr 2018 |
To see the full GST registrations and return filing status of Bandragon Research Private Limited, buy the company report.
Recent activity
Bandragon Research Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Amol Nivrutti Shinde was appointed as Director on 18 Sep 2017.
AGM
Bandragon Research Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Filing
Bandragon Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Appointed
Amol Nivrutti Shinde was appointed as Director.
Appointed
Dipali Chandrakant Darandale was appointed as Director.
Incorporation
18 Sep 2017
Bandragon Research Private Limited was registered on 18 Sep 2017 with Roc Mumbai Ii & aged 9 years 1 month as per MCA records.
Frequently asked questions
Bandragon Research is an active private limited company based in Nashik, Maharashtra, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 18 September 2017 (9+ years old) and is registered under CIN U31900MH2017PTC299843.
Bandragon Research has 2 current directors:
- Amol Nivrutti Shinde - Director
- Dipali Chandrakant Darandale - Director
The latest financial statements of Bandragon Research on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Bandragon Research is 27AAHCB4480H1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bandragon Research is U31900MH2017PTC299843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bandragon Research was incorporated on 18 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bandragon Research by revenue are Solstice Integrated Power Solutions Private Limited, Manidweepa Enterprises Private Limited, Hummingbird Led Lights Private Limited, Subah Engineers Private Limited, Culiinno Food Automation Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Amol Nivrutti Shinde was appointed as Director on 18 Sep 2017. Dipali Chandrakant Darandale was appointed as Director on 18 Sep 2017.
Yes, Bandragon Research is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Bandragon Research is at Flat No 02 Aditya Towers Canal Road Tuljabhavani Nagar, Nashik, Maharashtra, India – 422003.
Bandragon Research operates in the electronics industry, in the electrical equipment segment.
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