About Defence Innovation Organisation
Data last updated:
Defence Innovation Organisation is a private not for profit company based in Bangalore, Karnataka, India. It operates in the defence tech and equipment segment of the aerospace, maritime and defence sector. It was incorporated on 10 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA2017NPL102118.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Deepak Bagla and Amit Satija.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Centre For Learning And Development Bharat Electronics Limited Jalahalli, Bangalore, Karnataka, India – 560013.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.92 Cr, a growth of 104% compared to the previous year. For the same year it recorded EBITDA of -₹4.69 Cr (EBITDA margin -95.3%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
The company is associated with 1 brand: iDEX.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website idex.gov.in.
CIN History of Defence Innovation Organisation
Defence Innovation Organisation has one previous CIN (Corporate Identification Number): U73100KA2017NPL102118. The current CIN is U72100KA2017NPL102118, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72100KA2017NPL102118 | Current |
| U73100KA2017NPL102118 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressCentre For Learning And Development Bharat Electronics Limited Jalahalli, Bangalore, Karnataka, India – 560013
- IndustryAerospace, Maritime and Defense, Defence Tech & Equipment
- 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
- One PDF report, delivered after checkout
Associated Brands with Defence Innovation Organisation
Defence Innovation Organisation operates one associated brand: iDEX. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Importer of defense equipments | idex.gov.in |
Financials of Defence Innovation Organisation FY 2025 filings available
Defence Innovation Organisation reported revenue of ₹4.92 Cr (up 104% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Defence Innovation Organisation
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 104% 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 of Defence Innovation Organisation
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹4.92 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Defence Innovation Organisation
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -95.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Defence Innovation Organisation are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Defence Innovation Organisation
Defence Innovation Organisation has 7 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Bagla | Director | 29 Sep 2025 | 1 Years 0 Months | Current |
| Amit Satija Also directs: Munitions India Limited, Goa Shipyard Limited | Director | 27 Nov 2024 | 1 Years 10 Months | Current |
| Sunil Krishna Murthy Devanahalli | Director | 03 Sep 2024 | 2 Years 1 Months | Current |
| Manoj Jain Also directs: Bharat Electronics Limited, Bel Optronic Devices Limited | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
| Sanjeev Kumar | Director | 03 Sep 2024 | 2 Years 1 Months | Current |
| Samir Venkatapati Kamat | Director | 14 Oct 2024 | 2 Years 0 Months | Current |
Charges & Borrowings of Defence Innovation Organisation
Defence Innovation Organisation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Defence Innovation Organisation
Employment history and EPFO contributions of people linked to Defence Innovation Organisation.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Defence Innovation Organisation
Defence Innovation Organisation has 30 board changes on record since 2018: 7 appointments and 23 cessations. The latest: Mayank Sharma ceased to be Director on 01 Nov 2025.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Defence Innovation Organisation
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Defence Innovation Organisation
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Defence Innovation Organisation
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Defence Innovation Organisation
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Defence Innovation Organisation
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Defence Innovation Organisation
Frequently Asked Questions about Defence Innovation Organisation
Defence Innovation Organisation is an active private not for profit company based in Bangalore, Karnataka, India. The company works in defence tech and equipment, within the aerospace, maritime and defense industry. It was incorporated on 10 April 2017 (9+ years old) and is registered under CIN U72100KA2017NPL102118.
Defence Innovation Organisation reported revenue of ₹4.92 Cr for FY 2023 (up 104% YoY).
Defence Innovation Organisation has 7 current directors:
- Deepak Bagla - Director
- Amit Satija - Director
- Sunil Krishna Murthy Devanahalli - Director
- Manoj Jain - Director
- Sanjeev Kumar - Director
- Samir Venkatapati Kamat - Director
- Mayank Sharma - Director
Defence Innovation Organisation reported EBITDA of -₹4.69 Cr (EBITDA margin -95.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Defence Innovation Organisation is 82% over three years. In the latest year (FY 2023) revenue rose 104%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Defence Innovation Organisation is U72100KA2017NPL102118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Defence Innovation Organisation was incorporated on 10 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Mayank Sharma ceased to be Director on 01 Nov 2025. Deepak Bagla was appointed as Director on 29 Sep 2025. Mayank Sharma was appointed as Director on 29 Sep 2025. Defence Innovation Organisation has 30 board changes on record in total.
Defence Innovation Organisation can be reached through the website idex.gov.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Defence Innovation Organisation is at Centre For Learning And Development Bharat Electronics Limited Jalahalli, Bangalore, Karnataka, India – 560013.