India's Richest People 2026 edition · 1 director · Source: Hurun India
- #117 Sanjeev Bikhchandani ₹28,400 Cr
Revenue · FY 2022
₹10.3 Cr
Latest filing
Net profit · FY 2022
₹7.46 Cr
Net margin 72.4%
EBITDA · FY 2022
₹5.72 Cr
EBITDA margin 55.6%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹4,000
Issued & subscribed
Company age
18 yrs
Est. 2008
Employees · EPFO
29
Provident fund records
Directors on board
10
As per MCA filings
About Ciie Initiatives
Data last updated:
Ciie Initiatives is a private not for profit company based in Ahmedabad, Gujarat, India. It operates in the business support services segment of the business services sector. It was incorporated on 23 June 2008 and has been in existence for over 18 years.
Its director Sanjeev Bikhchandani is #117 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U73100GJ2008NPL054284.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹4,000. It is led by directors including Surendra Kumar Jain and Geeta Dutta Goel.
Its last annual general meeting (AGM) was held on 08 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ciie Building Iim (New Campus) Vastrapur, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.3 Cr. For the same year it recorded a net profit of ₹7.46 Cr (net margin 72.4%) and EBITDA of ₹5.72 Cr (EBITDA margin 55.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 35% over five years.
The company has about 29 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Bharat Inclusion Initiative and CIIE. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ciie.co.
Company details
CIN U73100GJ2008NPL054284
Registration Number 054284
Incorporation Date 23 June 2008
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Ciie Initiatives
Contact details
Ciie Initiatives's registered office is in Ahmedabad, Gujarat. Its website is ciie.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCiie Building Iim (New Campus) Vastrapur, Ahmedabad, Gujarat, India – 380015
- IndustryBusiness Services, Business Support Services
To see the full contact details of Ciie Initiatives, buy the company report.
Comprehensive company report
Ciie Initiatives - 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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Brands
Ciie Initiatives operates two associated brands: Bharat Inclusion Initiative and CIIE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Startups across sectors are accelerated through targeted support initiatives. | bharatinclusion.ciie.co | |
| Startup incubator | ciie.co |
Financials of Ciie Initiatives
FY 2025 filings availableCiie Initiatives reported revenue of ₹10.3 Cr for FY 2022.
Revenue · FY 2022
₹10.3 Cr
Net profit · FY 2022
₹7.46 Cr margin 72.4%
EBITDA · FY 2022
₹5.72 Cr margin 55.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 19%
5 years · compounded
▲ 35%
EBITDA CAGR growth
3 years · compounded
▲ 61%
5 years · compounded
▲ 84%
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.46 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.6% | ||||
| Net Profit Margin | 72.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ciie Initiatives, buy the company report.
Board of directors of Ciie Initiatives
Ciie Initiatives has 10 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surendra Kumar Jain Also directs: Plaksha Incubation Centre | Director | 02 Jul 2025 | 1 Years 3 Months | Current |
| Geeta Dutta Goel Also directs: Equitas Small Finance Bank Limited, Home First Finance Company India Limited, Niva Bupa Health Insurance Company Limited and 3 more | Director | 25 Jun 2022 | 4 Years 4 Months | Current |
| Amit Girdhar Karna | Director | 24 Apr 2015 | 11 Years 6 Months | Current |
| Bharat Bhasker | Director | 11 Jul 2023 | 3 Years 3 Months | Current |
| Ankur Sinha Also directs: Ciie Regional Innovation Foundation | Director | 15 Sep 2018 | 8 Years 1 Months | Current |
| Arumugam Aramvalarthanathan | Director | 28 Aug 2012 | 14 Years 2 Months | Current |
Showing 6 of 10 current directors. View all directors
Auditor
Ciie Initiatives is audited by SORAB S ENGINEER & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SORAB S ENGINEER & CO | FY 2020 | 110417W |
Shareholding
The shareholding of Ciie Initiatives is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ciie Initiatives, buy the company report.
Legal cases
Ciie Initiatives has 1 court case on record: 1 filed by Ciie Initiatives. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Bigspoon Foods Pvt Ltd | Disposed |
To see the full case history of Ciie Initiatives, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ciie Initiatives; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ciie Initiatives has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Ciie Regional Innovation Foundation | U85300GJ2018NPL101628 |
To see the full group structure of Ciie Initiatives, buy the company report.
Employees & EPFO
Ciie Initiatives has a workforce of 29 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
-14.71%
GST
No GST registration is on our record for Ciie Initiatives; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ciie Initiatives has 38 board changes on record since 2008: 10 appointments and 28 cessations. The latest: Sunil Sharma ceased to be Additional Director on 07 Jul 2025.
AGM
Ciie Initiatives last Annual general meeting of members was held on 08 Jul 2025 as per latest MCA records.
Ceased
Sunil Sharma ceased to be Additional Director.
Ceased
Surendra Kumar Jain ceased to be Additional Director.
Appointed
Surendra Kumar Jain was appointed as Director.
Filing
Ciie Initiatives has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Kunal Upadhyay was appointed as Director.
Appointed
Sunil Sharma was appointed as Director.
Ceased
Bharat Bhasker ceased to be Additional Director.
Appointed
Bharat Bhasker was appointed as Director.
Ceased
Geeta Dutta Goel ceased to be Additional Director.
Ceased
Rakesh Basant ceased to be Director.
Appointed
Geeta Dutta Goel was appointed as Director.
29 earlier events are in the company report.
News
Frequently asked questions
Ciie Initiatives is an active private not for profit company based in Ahmedabad, Gujarat, India. The company works in business support services, within the business services industry. It was incorporated on 23 June 2008 (18+ years old) and is registered under CIN U73100GJ2008NPL054284.
Ciie Initiatives has 10 current directors:
- Surendra Kumar Jain - Director
- Geeta Dutta Goel - Director
- Amit Girdhar Karna - Director
- Bharat Bhasker - Director
- Ankur Sinha - Director
- Arumugam Aramvalarthanathan - Director
- Sanjeev Bikhchandani - Director
- Sunil Sharma - Director
- Neharika Vohra - Director
- Kunal Upadhyay - Director
The latest financial statements of Ciie Initiatives on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 July 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ciie Initiatives is U73100GJ2008NPL054284. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ciie Initiatives has 1 court case on record: 1 filed by the company.
Ciie Initiatives was incorporated on 23 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sunil Sharma ceased to be Additional Director on 07 Jul 2025. Surendra Kumar Jain ceased to be Additional Director on 07 Jul 2025. Surendra Kumar Jain was appointed as Director on 02 Jul 2025. Ciie Initiatives has 38 board changes on record in total.
Ciie Initiatives can be reached through the website ciie.co. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Ciie Initiatives is at Ciie Building Iim New Campus Vastrapur, Ahmedabad, Gujarat, India – 380015.
Ciie Initiatives operates in the business services industry, in the business support services segment.
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