About Chitkara Innovation Incubator Foundation
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Chitkara Innovation Incubator Foundation is a private not for profit company based in Chandigarh, India. It operates in the support services segment of the services sector. It was incorporated on 30 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U73100CH2015NPL035797. Its GSTIN is 06AAGCC6596C1ZL (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mohit Chitkara and Madhu Chitkara.
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 SCO 160 – 161 Sector – 9C Madhya Marg, Chandigarh, India – 160009.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.9 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.03 Lakh (net margin 6.5%) and EBITDA of ₹1.13 Lakh (EBITDA margin 7.1%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 19% over five years.
The company is associated with 1 brand: CEED.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cuceed.org.
Company details
Contact details
Chitkara Innovation Incubator Foundation's registered office is in Chandigarh, Chandigarh. Its website is cuceed.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSCO 160 – 161 Sector – 9C Madhya Marg, Chandigarh, India – 160009
- IndustryService, Other Support Services
To see the full contact details of Chitkara Innovation Incubator 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
Chitkara Innovation Incubator Foundation operates one associated brand: CEED. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Startups are accelerated and incubated by government-backed CEED in India. | cuceed.org |
Business activity
The main business activity of Chitkara Innovation Incubator 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 Chitkara Innovation Incubator Foundation, buy the company report.
Financials of Chitkara Innovation Incubator Foundation
FY 2025 filings availableChitkara Innovation Incubator Foundation reported revenue of ₹15.9 Lakh (up 302% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 302% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 12% 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 | ₹1.13 Lakh | ||||
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| Net Profit (PAT) | ₹1.03 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 | 7.1% | ||||
| Net Profit Margin | 6.5% | ||||
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To see the full financial statements and ratios of Chitkara Innovation Incubator Foundation, buy the company report.
Board of directors of Chitkara Innovation Incubator Foundation
Chitkara Innovation Incubator Foundation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Chitkara Also directs: 9191 Hospitality LLP, Dense Berries Private Limited, Schoolpad Technologies Private Limited and 2 more | Director | 30 Oct 2015 | 11 Years 0 Months | Current |
| Madhu Chitkara | Director | 30 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Chitkara Innovation Incubator Foundation is compared with the 10 companies closest to it by revenue in the same principal business activity (other support services to organizations), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Initium Incubation and Mentoring Consultancy Private Limited | ₹15.95 Lakh (FY 2022) | 225.0% | Bangalore, Karnataka, India | |||
| Harihar Research and Information Services Private Limited | ₹15.91 Lakh (FY 2018) | -2.0% | Chennai, Tamil Nadu, India | |||
| Nextwebguru Techno Services Private Limited | ₹15.91 Lakh (FY 2025) | -38.0% | Udham Singh Nagar, Uttarakhand, India | |||
| Indamexx International Private Limited | ₹15.91 Lakh (FY 2023) | 91.0% | Navi Mumbai, Maharashtra, India | |||
| Rama Foods and Household Products Private Limited | ₹15.9 Lakh (FY 2019) | 426.0% | Mumbai, Maharashtra, India | |||
| Chitkara Innovation Incubator Foundationthis company | ₹15.9 Lakh (FY 2024) | ₹1.03 Lakh | 6.5% | 302.0% | Chandigarh, India | |
| Star Recovery Cell Private Limited | ₹15.87 Lakh (FY 2025) | -52.0% | Bulandshahr, Uttar Pradesh, India | |||
| E2e Quality Solutions Private Limited | ₹15.87 Lakh (FY 2025) | -55.0% | Delhi, India | |||
| John Adams Solutions Private Limited | ₹15.87 Lakh (FY 2016) | 292.0% | Chennai, Tamil Nadu, India | |||
| Myvacala Private Limited | ₹15.86 Lakh (FY 2018) | Guntur, Andhra Pradesh, India | ||||
| Hexawins Private Limited | ₹15.84 Lakh (FY 2024) | Indore, Madhya Pradesh, India |
To see the full peer comparison of Chitkara Innovation Incubator Foundation, buy the company report.
Auditor
Chitkara Innovation Incubator Foundation is audited by S R PARDEEP AND ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R PARDEEP AND ASSOCIATES | FY 2017 | 098984 |
Shareholding
The shareholding of Chitkara Innovation Incubator Foundation is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Chitkara Innovation Incubator Foundation, buy the company report.
Legal cases
No court or tribunal cases involving Chitkara Innovation Incubator 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 Chitkara Innovation Incubator Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chitkara Innovation Incubator Foundation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCC6596C1ZL | Haryana | Active | 01 Nov 2017 |
To see the full GST registrations and return filing status of Chitkara Innovation Incubator Foundation, buy the company report.
Recent activity
Chitkara Innovation Incubator Foundation has 2 board changes on record since 2015: 2 appointments. The latest: Madhu Chitkara was appointed as Director on 30 Oct 2015.
Frequently asked questions
Chitkara Innovation Incubator Foundation is an active private not for profit company based in Chandigarh, India. The company works in other support services, within the service industry. It was incorporated on 30 October 2015 (11+ years old) and is registered under CIN U73100CH2015NPL035797.
Chitkara Innovation Incubator Foundation has 2 current directors:
- Mohit Chitkara - Director
- Madhu Chitkara - Director
The latest financial statements of Chitkara Innovation Incubator 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 2016 are in the company report.
The GSTIN of Chitkara Innovation Incubator Foundation is 06AAGCC6596C1ZL, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Chitkara Innovation Incubator Foundation is U73100CH2015NPL035797. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chitkara Innovation Incubator Foundation was incorporated on 30 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Chitkara Innovation Incubator Foundation by revenue are Initium Incubation and Mentoring Consultancy Private Limited, Harihar Research and Information Services Private Limited, Nextwebguru Techno Services Private Limited, Indamexx International Private Limited, Rama Foods and Household Products Private Limited and 5 more, all in the same principal business activity (other support services to organizations).
Madhu Chitkara was appointed as Director on 30 Oct 2015. Mohit Chitkara was appointed as Director on 30 Oct 2015.
Chitkara Innovation Incubator Foundation can be reached through the website cuceed.org. Its registered office is in Chandigarh, India.
The registered office of Chitkara Innovation Incubator Foundation is at SCO 160 – 161 Sector – 9C Madhya Marg, Chandigarh, India – 160009.
Chitkara Innovation Incubator Foundation operates in the service industry, in the other support services segment.
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