About Dvara Research Foundation
Data last updated:
Dvara Research Foundation is a private not for profit company based in Chennai, Tamil Nadu, India, a subsidiary of Dvara Trusteeship Services Private Limited-Trustee Of Dvara Trust. It operates in the scientific services segment of the professional services sector. It was incorporated on 04 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2008NPL068733. Its GSTIN is 33AABCI9264N1Z5 (Tamil Nadu).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ifmr Finance Foundation. It is led by directors including Samir Amrit Shah and Indradeep Ghosh.
Its last annual general meeting (AGM) was held on 26 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Iit M Research Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.16 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹14.68 Lakh (net margin -1.6%) and EBITDA of -₹9.63 Lakh (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 10% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dvara.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressIit M Research Park Phase – I 10th Floor No. 1 Kanagam Village (Behind TIDEL Park) Tha, Ramani, Chennai, Tamil Nadu, India – 600113
- IndustryProfessional Services, Scientific, Personal, Technical
- 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
Business Activity of Dvara Research Foundation
The main business activity of Dvara Research Foundation is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Dvara Research Foundation FY 2025 filings available
Dvara Research Foundation reported revenue of ₹9.16 Cr (down 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dvara Research Foundation
Revenue fell 55% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 143% 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 Dvara Research Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹9.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.68 Lakh | •••• | •••• | •••• | •••• |
| 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 Dvara Research Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.6% | •••• | •••• | •••• | •••• |
| 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 Dvara Research Foundation are in the company report.
Financial statements from 2015
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.
Peer Comparison of Dvara Research Foundation
Dvara Research Foundation is compared with the companies closest to it by revenue in the same principal business activity (Other professional, scientific and technical activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kratos Fintech Private Limited | ₹9.18 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| JSB Staffing Solutions Private Limited | ₹9.18 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Sculpt Engineering Private Limited | ₹9.17 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Thiruchirapalli, Tamil Nadu, India |
| Kentrix.Ai Private Limited | ₹9.16 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Mumbai, Maharashtra, India |
| Spawn Ventures Services Private Limited | ₹9.16 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Delhi, India |
| Dvara Research Foundation this company | ₹9.16 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Chennai, Tamil Nadu, India |
| Cee Bee Design Studio Private Limited | ₹9.15 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Bengaluru, Karnataka, India |
| Kailasa Analytics and Services Private Limited | ₹9.14 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Elumina Elearning Services Private Limited | ₹9.13 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Chennai, Tamil Nadu, India |
| Autoedge Advanced Automation Technologies Private Limited | ₹9.13 Cr (FY 2024) | •••• | •••• | 367.0% | •••• | Bangalore, Karnataka, India |
| Avighna Epc Services Private Limited | ₹9.12 Cr (FY 2024) | •••• | •••• | -20.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Dvara Research Foundation by revenue in the same principal business activity (Other professional, scientific and technical activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Dvara Research Foundation
Dvara Research Foundation is audited by PKF Sridhar & Santhanam LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PKF Sridhar & Santhanam LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Dvara Research Foundation
Dvara Research Foundation has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samir Amrit Shah Also directs: Dvara Smartgold Private Limited, Dvara Money Private Limited, Dvara Intelligent Systems Private Limited and 5 more | Director | 11 Sep 2018 | 8 Years 1 Months | Current |
| Indradeep Ghosh | Director | 01 Nov 2019 | 6 Years 11 Months | Current |
| Bindu Ananth Also directs: Dvara Money Private Limited, Dvara Health Finance Private Limited, Dvara Holdings and 2 more | Director | 02 Jan 2009 | 17 Years 9 Months | Current |
| Bama Balakrishnan | Director | 22 Dec 2016 | 9 Years 9 Months | Current |
Ownership and Shareholding of Dvara Research Foundation
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Dvara Research Foundation
Dvara Research Foundation does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Dvara Research Foundation
Dvara Research Foundation has 8 MSME Form 1 returns on record between 2022 and 2024, listing 57 overdue payments to 15 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Fab Cars Private Limited | •••• | •••• | •••• |
| Pixel Studios Private Limited | •••• | •••• | •••• |
| Aparajitha Corporate Services Private Limited | •••• | •••• | •••• |
| Anand and Anand | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Dvara Research Foundation
Dvara Research Foundation has a workforce of 13 employees as of Apr 07, 2024.
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.
News related to Dvara Research Foundation
Recent Activity on Dvara Research Foundation
Dvara Research Foundation has 16 board changes on record since 2009: 4 appointments and 12 cessations. The latest: Amit Basole ceased to be Additional Director on 07 Aug 2020.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dvara Research Foundation
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.
Subsidiaries & Group Companies of Dvara Research Foundation
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 Dvara Research Foundation
Dvara Research Foundation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCI9264N1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
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 Dvara Research Foundation
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.
Frequently Asked Questions about Dvara Research Foundation
Dvara Research Foundation is an active private not for profit company based in Chennai, Tamil Nadu, India. The company works in scientific, within the professional services industry. It was incorporated on 04 August 2008 (18+ years old) and is registered under CIN U67190TN2008NPL068733.
Dvara Research Foundation reported revenue of ₹9.16 Cr for FY 2025 (down 55% YoY).
Dvara Research Foundation has 4 current directors:
- Samir Amrit Shah - Director
- Indradeep Ghosh - Director
- Bindu Ananth - Director
- Bama Balakrishnan - Director
Dvara Research Foundation reported a net loss of ₹14.68 Lakh (net margin -1.6%) and EBITDA of -₹9.63 Lakh (EBITDA margin -1.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dvara Research Foundation is 1% over three years and 10% over five years. In the latest year (FY 2025) revenue fell 55%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dvara Research Foundation is 33AABCI9264N1Z5, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Dvara Research Foundation is U67190TN2008NPL068733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dvara Research Foundation was incorporated on 04 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Dvara Research Foundation by revenue are Kratos Fintech Private Limited, JSB Staffing Solutions Private Limited, Sculpt Engineering Private Limited, Kentrix.Ai Private Limited, Spawn Ventures Services Private Limited and 5 more, all in the same principal business activity (Other professional, scientific and technical activities).
Amit Basole ceased to be Additional Director on 07 Aug 2020. Ananth Narayan Gopalakrishnan ceased to be Additional Director on 07 Aug 2020. Indradeep Ghosh ceased to be Additional Director on 07 Aug 2020. Dvara Research Foundation has 16 board changes on record in total.
Dvara Research Foundation has 8 MSME Form 1 returns on record between 2022 and 2024, listing 57 overdue payments to 15 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Dvara Research Foundation can be reached through the website dvara.com. Its registered office is in Chennai, Tamil Nadu, India.