Croissance Limited - construction in Bangalore North, Karnataka, India. FY 2026 financials & compliance.
CIN L11019KA1994PLC103470 Incorporated 07 April 1994 ROC Bangalore HQ Bangalore North, Karnataka, India
Active Listed Public Limited Company construction
Data last updated
Market Cap
₹7.47 Cr
CROISSANCE · BSE
Share Price
₹1.04
-4.59% today
Revenue
₹0.61 Cr
FY 2025-26 · +362.5% YoY
EBITDA
−₹0.13 Cr
Margin -21.3%
Net Profit
₹0.05 Cr
FY 2025-26 · +9998.0% YoY
P/E (TTM)
175.8x
P/B 0.9x

About Croissance Limited

Data last updated: 25 September 2026

Croissance Limited is a public limited company based in Bangalore North, Karnataka, India. It specialises in plumbing services and construction specialties, a part of the broader construction sector. Incorporated on 07 April 1994, the company has been in operation for over 32 years.

Registered with ROC Bangalore under CIN L11019KA1994PLC103470. Listed.

Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.85 Cr. Formerly known as Bahri and Corbel India Limited and Memory Polymers Pvt Ltd. It is led by directors including Hriday Bahri and Sravan Prabhakar Veledandi.

Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore North, Karnataka.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹61 Lakh, reflecting significant growth compared to the previous year.

The company is associated with 1 brand - Swagruha Infrastructure.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swagruha.net.

Company Details of Croissance Limited
CIN L11019KA1994PLC103470
Registration Number 103470
Incorporation Date 07 April 1994
ROC Bangalore
Listing Status Listed
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    306 1St Floor 17Th Cross, 2Nd Block, Bangalore North, Karnataka, India – 560032
  • Industry
    Construction, Plumbing Services & Construction Specialties, Electrical Services, Demolition & Construction Services
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Financials, compliance, directors, charges, ownership and filings for Croissance Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Croissance Limited

Croissance Limited has undergone 4 name changes throughout its history. The current legal name is Croissance Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Croissance Limited Current
Bahri And Corbel India Limited Previous
Memory Polymers Pvt Ltd Previous
Bahri And Corbel Hospitality Limited Previous
Swagruha Infrastructure Limited Previous

CIN History of Croissance Limited

Croissance Limited has 8 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L11019KA1994PLC103470, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L11019KA1994PLC103470 Current
L24134AP1994PTC017327 Previous
L55100KA1994PLC103470 Previous
U24134TG1994PLC017327 Previous
L11010KA1994PLC103470 Previous
L24134AP1994PLC017327 Previous
L24134KA1994PLC103470 Previous
L24134TG1994PLC017327 Previous
U24134AP1994PLC017327 Previous

Associated Brands with Croissance Limited

Croissance Limited operates one associated brand: Swagruha Infrastructure. These brands represent Croissance Limited's diversified market presence and brand portfolio.

Brand Description Website
Commercial properties are developed in Hyderabad, India. swagruha.net

Competitors & Alternatives of Croissance Limited

Brands and companies operating in the same space as Croissance Limited include Vingroup, DLF India, Lendlease and 7 more.

Competitor Description Location Founded
Vingroup Vingroup Real estate development and management services are offered by Vingroup. Hanoi, Vietnam, Vietnam 1993
DLF India DLF India Provider of property and real estate development services Gurugram, India, India 1947
Lendlease Lendlease Sustainable project development and maintenance services are provided worldwide. Melbourne, Australia, Australia 1958
Frasers Property Frasers Property Residential and commercial properties are developed and managed across regions. Singapore, Singapore, Singapore 1924
Sunac Sunac Residential and commercial real estate development is conducted by Sunac. Shanghai, China, China 2003
Lodha Group Lodha Group Developer of residential and commercial real estate properties Mumbai, India, India 1980
Vanke Vanke Real estate properties are developed in over 50 cities. Shenzhen, China, China 1984
Eiffage Eiffage Eiffage is engaged in construction, energy, and infrastructure concessions. Paris, France, France 1920
City Developments City Developments Real estate development and management services are provided globally. Singapore, Singapore, Singapore 1963
Mirvac Mirvac Residential and commercial properties are developed and managed by Mirvac. Sydney, Australia, Australia 1972

Business Activity of Croissance Limited

Croissance Limited is engaged in the principal business activity of accommodation and food service, with detailed activities including accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
I Accommodation and Food Service I1 Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. Locked
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Board of Directors of Croissance Limited

Croissance Limited is currently managed by 6 directors, with 17 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Hriday Bahri Whole-Time Director 14 Jul 2021 5 Years 2 Months Current
Sravan Prabhakar Veledandi Managing Director 14 Jul 2021 5 Years 2 Months Current
Sowmya Ranganath Director 19 Feb 2021 5 Years 7 Months Current
Hemant Bahri Managing Director 14 Jul 2021 5 Years 2 Months Current
Amaresh Rao Gaikwad Whole-Time Director 19 Feb 2021 5 Years 7 Months Current
Shivani Marda Director 27 Aug 2025 1 Years 0 Months Current

Financials of Croissance Limited FY 2025-26 filings available

Croissance Limited reported revenue of ₹61 Lakh (up 510% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹0.61 Cr
+510.0% YoY
EBITDA
−₹0.13 Cr
-116.7% YoY
Profit After Tax
₹0.05 Cr
+600.0% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue0.610.100.662.600.20
Revenue growth+362.5%-72.4%-71.1%+1335.7%+9997.0%
EBITDA(0.13)(0.06)0.080.590.06
EBITDA margin-21.3%-60.0%+12.1%+22.7%+30.0%
Profit before tax0.070.000.090.710.20
Net profit0.05(0.01)0.070.490.14
Net profit margin+8.2%-10.0%+10.6%+18.9%+70.0%
EPS (₹)0.010.000.010.070.02
Balance sheet
Total assets-7.847.898.267.77
Net worth-7.847.857.777.28
Total debt-0.000.040.490.49
Cash & bank-0.000.630.000.00
Net working capital-(1.72)0.681.070.53
Cash flow
Cash from operations-1.751.09(0.05)(0.18)
Cash from investing-(2.35)(0.01)0.05(0.12)
Cash from financing-(0.04)(0.46)0.000.41
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Revenue growth (YoY)+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%
Other income0.090.000.200.200.130.00(0.07)0.13
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
Net profit0.000.010.010.020.010.43(0.27)(0.16)
EPS (₹)0.000.000.000.000.000.06(0.03)(0.02)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.610.100.662.600.200.060.21
Revenue growth+356.3%-72.4%-71.1%+1335.7%+366.7%-81.3%-48.4%
EBITDA(0.12)(0.06)0.080.590.060.030.05
EBITDA margin-19.7%-60.0%+12.1%+22.7%+30.0%+50.0%+23.8%
Profit before tax0.080.000.090.710.200.030.05
Net profit0.06(0.01)0.070.490.140.020.04
Net profit margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
EPS (₹)0.010.000.010.070.020.000.01
Balance sheet
Total assets-7.847.898.267.777.567.13
Net worth-7.847.857.777.287.147.12
Total debt-0.000.040.490.490.410.00
Cash & bank-0.000.630.000.000.000.00
Net working capital-(1.72)0.681.070.531.120.82
Cash flow
Cash from operations-1.751.09(0.05)(0.18)(0.29)0.00
Cash from investing-(2.35)(0.01)0.05(0.12)(0.12)0.00
Cash from financing-(0.04)(0.46)(0.11)0.410.410.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Revenue growth (YoY)+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%
Other income0.090.000.200.200.130.00(0.07)0.13
Total expenses0.120.250.190.180.12(0.43)0.200.29
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Revenue growth (YoY)+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%
Other income0.090.000.200.200.130.00(0.07)0.13
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
Net profit0.000.010.010.020.010.43(0.27)(0.16)
EPS (₹)0.000.000.000.000.000.06(0.03)(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue0.610.100.662.600.20
Revenue growth+362.5%-72.4%-71.1%+1335.7%+9997.0%
Other income0.200.060.010.120.14
Total expenses0.740.160.582.010.14
Employee cost0.000.020.020.180.05
EBITDA(0.13)(0.06)0.080.590.06
EBITDA margin-21.3%-60.0%+12.1%+22.7%+30.0%
Depreciation0.000.000.000.000.00
Interest0.000.000.000.000.00
Profit before tax0.070.000.090.710.20
Tax0.020.010.020.220.06
Net profit0.05(0.01)0.070.490.14
Net profit margin+8.2%-10.0%+10.6%+18.9%+70.0%
EPS (₹)0.010.000.010.070.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital-6.856.856.856.85
Reserves & surplus-0.991.000.920.43
Shareholders' funds (net worth)-7.847.857.777.28
Minority interest-0.000.000.000.00
Secured loans-0.000.000.000.00
Unsecured loans-0.000.040.490.49
Total debt-0.000.040.490.49
Total liabilities-7.847.898.267.77
Assets
Gross block-0.000.000.000.00
Net block-0.000.000.000.00
Capital work in progress-0.000.000.000.00
Investments-0.000.000.000.00
Inventories-0.000.000.000.00
Sundry debtors-3.813.813.370.92
Cash & bank balances-0.000.630.000.00
Loans & advances-1.831.500.060.06
Total current assets-5.645.943.430.98
Total current liabilities-7.365.262.360.45
Net working capital-(1.72)0.681.070.53
Total assets-7.847.898.267.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash-0.630.000.110.00
Net cash from operating activities-1.751.09(0.05)(0.18)
Net cash from investing activities-(2.35)(0.01)0.05(0.12)
Net cash from financing activities-(0.04)(0.46)0.000.41
Net change in cash-(0.63)0.630.000.11
Closing cash-0.000.630.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+510.0%-84.9%-74.6%+1200.0%+9997.0%
EBITDA growth-116.7%--86.4%+883.3%+9997.0%
PBT growth+9997.0%+9997.0%-87.3%+255.0%+9997.0%
Net income growth+9998.0%--85.7%+250.0%+9997.0%
Revenue CAGR (3Y)-38.3%-20.6%---
Profitability & leverage
Net income margin+8.2%-10.0%+10.6%+18.9%+70.0%
Return on capital employed-+0.1%+0.7%+5.2%+1.4%
Return on net worth-0.0%+0.5%+3.7%+1.0%
Debt / equity-0.000.030.070.07
Long-term debt / equity-0.000.030.070.07
Interest cover0.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.000.000.00
Inventory turnover-0.000.000.000.00
Debtors turnover-0.030.181.210.22
EPS (₹)0.010.000.010.070.02
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)0.001.141.151.131.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Revenue growth (YoY)+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%+9997.0%
Other income0.090.000.200.200.130.00(0.07)0.13
Total expenses0.120.250.190.180.12(0.43)0.200.29
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.610.100.662.600.200.060.21
Revenue growth+356.3%-72.4%-71.1%+1335.7%+366.7%-81.3%-48.4%
Other income0.200.060.010.120.140.000.00
Total expenses0.730.160.582.010.140.030.16
Employee cost0.000.020.000.180.050.010.02
EBITDA(0.12)(0.06)0.080.590.060.030.05
EBITDA margin-19.7%-60.0%+12.1%+22.7%+30.0%+50.0%+23.8%
Depreciation0.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.00
Profit before tax0.080.000.090.710.200.030.05
Tax0.020.010.020.220.060.010.01
Net profit0.06(0.01)0.070.490.140.020.04
Net profit margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
EPS (₹)0.010.000.010.070.020.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-6.856.856.856.856.856.85
Reserves & surplus-0.991.000.920.430.290.27
Shareholders' funds (net worth)-7.847.857.777.287.147.12
Secured loans-0.000.000.000.000.000.00
Unsecured loans-0.000.040.490.490.410.00
Total debt-0.000.040.490.490.410.00
Total liabilities-7.847.898.267.777.567.13
Assets
Gross block-0.000.000.000.000.000.00
Net block-0.000.000.000.000.000.00
Capital work in progress-0.000.000.000.000.000.00
Investments-0.000.000.000.000.000.00
Inventories-0.000.000.000.000.000.00
Sundry debtors-3.811.353.370.921.461.15
Cash & bank balances-0.000.630.000.000.000.00
Loans & advances-1.830.060.060.060.060.06
Total current assets-5.642.043.430.981.521.21
Total current liabilities-7.361.362.360.450.400.39
Net working capital-(1.72)0.681.070.531.120.82
Total assets-7.847.898.267.777.567.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.630.000.110.000.000.00
Net cash from operating activities-1.751.09(0.05)(0.18)(0.29)0.00
Net cash from investing activities-(2.35)(0.01)0.05(0.12)(0.12)0.00
Net cash from financing activities-(0.04)(0.46)(0.11)0.410.410.00
Net change in cash-(0.63)0.63(0.11)0.110.000.00
Closing cash-0.000.630.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+510.0%-84.9%-74.6%+1200.0%+233.3%-71.4%-47.5%
EBITDA growth-100.0%--86.4%+883.3%+100.0%-40.0%-44.4%
PBT growth+9997.0%+9997.0%-87.3%+255.0%+566.7%-40.0%-44.4%
Net income growth+9998.0%--85.7%+250.0%+600.0%-50.0%-42.9%
Revenue CAGR (3Y)-38.3%-20.6%+122.4%+131.3%-20.6%-24.6%+1.6%
EBITDA CAGR (3Y)--+38.7%+127.7%-12.6%+14.5%0.0%
Profitability & leverage
Net income margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
Return on capital employed-+0.1%+0.7%+5.2%+1.4%+0.2%+0.3%
Return on net worth-0.0%+0.5%+3.7%+1.0%+0.2%+0.2%
Debt / equity-0.000.030.070.060.030.00
Long-term debt / equity-0.000.030.070.060.030.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.000.000.000.0010.50
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-0.040.281.210.170.050.19
EPS (₹)0.010.000.010.070.020.000.01
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.001.141.151.131.061.041.04
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Charges & Borrowings Croissance Limited

Croissance Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Croissance Limited

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GST Compliance of Croissance Limited

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Credit Ratings, Litigation & Regulatory Alerts for Croissance Limited

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MSME Payment Delays by Croissance Limited

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Subsidiaries & Group Companies of Croissance Limited

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MCA Filings & Documents of Croissance Limited

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Recent Activity on Croissance Limited

Directors
30 Oct 2025
Mukund Binani was appointed as a Company Secretary on 30 Oct 2025 & has been associated with this company since 10 months 26 days.
Activity
30 Sep 2025
Croissance Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Directors
27 Aug 2025
Shivani Marda was appointed as a Director on 27 Aug 2025 & has been associated with this company since 1 year 29 days.
Activity
31 Mar 2025
Croissance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Directors
30 Sep 2021
Amaresh Rao Gaikwad was appointed as a Cfo on 30 Sep 2021 & has been associated with this company since 4 years 11 months.
Directors
14 Jul 2021
Hriday Bahri was appointed as a Whole-time director on 14 Jul 2021 & has been associated with this company since 5 years 2 months.

Recent News on Croissance Limited

Frequently Asked Questions about Croissance Limited

Croissance Limited is an active public limited company in the construction sector based in Bangalore North, Karnataka, India. It was incorporated on 07 April 1994 (32+ years old) and is registered under CIN L11019KA1994PLC103470.

Croissance Limited reported revenue of ₹61 Lakh for FY 2025-26 (up 510% YoY) based on consolidated financials.

The current directors of Croissance Limited are:

The primary industry of Croissance Limited is construction. The company specifically operates in plumbing services and construction specialties. The company is currently active in this sector.

Yes, Croissance Limited is a listed company.

Croissance Limited can be reached at the registered office: 306 1St Floor 17Th Cross, 2Nd Block, Bangalore North, Karnataka, India – 560032, or through the website swagruha.net.

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